Another #Ethereum mining pool forced to close due to #China crackdown as #Miami Working on Allowing #Tax Payments in #Bitcoin, Promised Mayor Suarez.
Thoughts on the market 29. 01. 2021

#Bitcoin from yesterday's review moved in the range 42790-40750 and at the time of writing this review, the main cryptocurrency is trading around 42,200. Total Crypto Market capitalization is at $1.85 Trillion, and BTC dominance index of 42.6%.

The stock market closed lower on Tuesday and lost more than usual. S&P 500 closed at -2.04%, Nasdaq -2.86%, Dow Jones -1.63%. The dollar index, meanwhile, rose by + 0.34% yesterday. Just a point of note technical standpoint and view , where are onto a bear market.

The reason for the decline was the fear of investors about changes in monetary policy. Federal Reserve Chairman Jerome Powell said that employment is still far from the maximum to raise interest rates, and the Fed will continue to inject $120 billion into the markets until the economy recovers. By the look of that it may imply the markets will again move to growth and renewed highs, or not. You have to stick to the big picture.

Back to #Bitcoin, there is nothing special to write about yet, the only thing that is positive is that we do not go below 40K even with such a news background, large players continue to accumulate, which means everything is going according to plan. September will end soon.

Plan for today. The priority option is bitcoin in the range of 40,000-44,000. An alternative option is a strait below 40,000 with a possible test at 38,000.

#BeePool, the fourth largest Ethereum mining pool, is closing amid China's crypto crackdown. The China-based Ethereum mining pool announced on Tuesday it will suspend operations "in response to the latest regulatory policies." Effective immediately, the registration of new users and the addition of sub-accounts for existing users will be discontinued, and all mining access servers are expected to stop operating by October 15. Source : cointelegraph.com
This is ongoing crackdown seems more serious this time. Yesterday we shared about #alibaba (https://t.me/decryptedge/765)

Lastly Miami Mayor Francis Suarez said that soon taxes in the city can be paid in bitcoin. This comes a few months after hinting that #Miami residents could soon be able to pay their taxes with bitcoin, the city’s mayor – Francis Suarez – said the process has begun as his team will issue the request in October. Separately, Suarez also touched upon the most recent actions undertaken by the Chinese government, adding that the US could take advantage of this “huge mistake.” Source: cryptopotato.com

Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.

#PayPal, #Google Execs to Help Bank of England 'Understand' #Digital Currency.

Thoughts on the market 30. 09. 2021

#Bitcoin yesterday again fell below 41,000 and reached a low of $40,900, this correction was redeemed and at the time of writing the review, it trading at about 43,500, with a BTC dominance index of 42.7%. Total Crypto Market capitalization seats at $1.92 Trillion.

The stock market finished trading on Wednesday in different directions. The Dow Jones climbed 0.26%, the S&P 500 rose 0.16%, and the NASDAQ dropped 0.24%. Gold Futures for December delivery was down 0.69% to 1.725.55 a troy ounce. The dollar index rose 0.67% to 94.407.

The main focus of the market is focused on the issue of the US government debt limit. What does this mean for market participants? At the moment, the United States may again find itself in a situation of technical default, if it does not raise the limit of the national debt and start borrowing more. In the meantime, this decision will allow the Fed to untie hands in quantitative easing policy and they will be able to continue pumping up the markets without any problems.

On the cryptomarket, the priority version of yesterday's review worked out. Bitcoin was able to break through the resistance at 43K and moved to growth, to a high of 43830 on the Binance exchange. We are gaining strength to hike to 44K.

The crowd is still waiting for a further fall, the fear / greed index is at its maximum value ​​and shows the level of 20. We know that the market always goes against the crowd and when it is scary - you need to load up. Main resistance, before going to new peaks, still remains at 45-46K. I think next week this level will be taken, and maybe even earlier.

Plan for today. The priority option is bitcoin in the 41000-45000 range and altcoin recovery. An alternative is another 40K test.

PayPal and Google executives will help the Bank of England understand digital currency. As published by decrypt.co. The UK has so far been comparatively slow, and has only announced research into such an asset. But today’s announcement shows that the Bank of England is at least consulting with top experts in the tech and finance space. The forum will research and provide feedback to the Bank on how a CBDC could—or couldn't—work in the UK. Bank of England boss Andrew Bailey has repeatedly said that he doesn’t consider decentralized digital assets, like Bitcoin, to be money. But he has said stablecoins—assets pegged to fiat currencies though different to CBDCs—could become an important part of the future financial landscape.

The big question is why now?

Great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

#Visa Working on #Blockchain Interoperability #Hub for #Crypto Payments as #Iran Lifts Bitcoin Mining Ban.

Thoughts on the market 1.10. 2021

#Bitcoin moved in the range of $44140-41410 during the last 24hrs several times to gain a foothold at 44K, but so far no result. At the time of writing this review, #Bitcoin is trading around $43,700, dominance index 42.6% and total crypto market capitalisation of $1.93 Trillion.

The stock market ended with a fall on Thursday. The Dow Jones fell 1.59% to hit a 3-month low, the S&P 500 fell 1.19%, and the NASDAQ fell 0.44%. The dollar index was down 0.10% to 94.260. Negativeness on the American stock market grew yesterday in anticipation of a decision on raising the limit of the State debt. The Senate and House of Representatives have already voted to raise the cap and Joe Biden signed the decision, but the permanent budget for 2022 has yet to be passed.

On the crypto market, the priority version of yesterday's analysis worked out and bitcoin moved in the specified range. The low to which the price reached 42697, the high was set at 44141 at the Binance Exchange.

I like the fact that against the background of the fall in the stock market, cryptocurrencies continue to grow, so we can say with confidence that the prospect of further growth will not take long. The rest is going according to plan.

Positive. The Federal Reserve System (FRS) has no plans to ban cryptocurrencies, said the head of the agency Jerome Powell. Therefore, it will not be like in China.

Plan for today. The priority option is bitcoin in the range 42000-45000. Alternative - a correction to 41-40K for refuelling.

Lastly to some news, #Visa has presented a project, the goal of which is to become a "universal adapter" of #blockchains that can connect multiple #cryptocurrencies, #stablecoins, and #digital currencies of central banks. Think of it as a “universal adapter” among blockchains, allowing central banks, businesses, and consumers to seamlessly exchange value, no matter the form factor of the currency. “Ultimately, the #UPC solution aims to serve as a network of #blockchain networks — adding value to multiple forms of money movement, whether they originate on the Visa network, or beyond,” the announcement reads. Visa made a major move into the crypto industry in 2020, partnering with blockchain firm Circle to support the USD Coin (USDC) #stablecoin on certain credit cards. The company has since reaffirmed its commitment to crypto payments and fiat on-ramps, with a particular focus on stablecoin integrations. It will be exactly 1 year this month of October since shift started. Talk of inflection points at its best. You have to commend VISA for taking the lead in a new market. (https://t.me/decryptedge/35)

The #Iranian government has lifted a temporary ban on bitcoin mining that was introduced back in May. From now on, licensed Bitcoin miners will be able to operate in the country without facing any restrictions. That said, an estimated 85% of all cryptocurrency mining operations have been set up in the country illegally. Earlier this week, dozens of #ASICs were discovered in the building of Iran’s largest stock exchange, which prompted the swift resignation of CEO Ali Sahraee. Source: Utoday. You may find some good trading prospects with #HBAR expecting a 20% upside.

Wishing you a blessed weekend ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.

BITCOIN101 Session we talk about...
- Biggest Mistakes New Crypto Investors Make.
- Crypto-Markets news and this week updates.
- Open Q & A session.

Join Zoom Meeting
https://us02web.zoom.us/j/2451273744?pwd=dlM3UkdvS0gxWWtSMEVrWS9nSzAzQT09

Meeting ID: 245 127 3744
Passcode: BITCOIN101

50% of Africans Invest in Crypto to Pay for Their Children’s Education: Survey
Thoughts on the Crypto market 4.10. 2021

Bitcoin moved in the range of 49300-47400 over the weekend, with several attempts to gain a foothold at 49K without success. At the time of writing the review Bitcoin is trading around 47700, BTC dominance index of 42.6% and total crypto market capitalization of $2.11 Trillion.

Stock markets opened in different directions. At the moment, futures for the S&P 500 are in the red by 0.32%, Asian indices also do not have general dynamics, gold and silver are growing, oil is falling.

The interim budget in the United States has already been adopted and the shutdown is not threatened in the near future. China will celebrate 4 days in a row "National Day", so no market action. It is also important to note that on Friday there will be a report on employment in the non-agricultural sector and it was employment that Powell drew attention to, urging Congress to raise the national debt limit. This news will greatly affect the markets and the dollar.

Will keep you up to date on the details of all the news, how the market will react to certain factors..etc.

The week was closed above 48K and this is very good, which means there is every chance to try already at this, the resistance level of 50K.Plan for today, if Bitcoin cannot return and gain a foothold above 48,000, or better 48,500, then we can continue moving down to 46K. If we leave and consolidate above 48000-48500, then we can expect continued growth to the levels of 49-50K.

According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital assets.
Per the results, most residents of the three African countries are financially savvy and invest in sensible and long-term goals as 69% of them deal with crypto to provide a better life for their families. The survey revealed that crypto holders are much more likely to hold other types of financial assets versus the general population. For example, 4% of the Kenyan participants said they own both digital assets and gold. Source: cryptopotato.com

In my view I hold a different view and take. If you compare insurance and say stock market uptake in Kenya..its at 2.34% as of 2019. I dont know the numbers for the stock market.. Going by this we are still very low.. When it comes to Crypto. Do you agree?

Great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge.

#JoeBiden Committed to Strengthening #Cybersecurity by Hardening Critical infrastructure against #Cyberattacks, Disrupting #Ransomware #Networks, as #China Firms up on #Crypto Exchanges. Thoughts on the market 05.10. 2021

Bitcoin moved within the range of 49800-46900 during the day. At the time of this writing, the main cryptocurrency is trading at around 49300 with a total Crypto market capitalization of $2.15 Trillion, and BTC dominance index of 43.0%.

Equity markets closed lower on Monday. The Dow Jones dropped 0.94%, the S&P 500 dropped 1.30%, and the NASDAQ dropped 2.14%. The dollar index was down 0.25% to 93.812.

The markets were in a fever yesterday, and this time the fall lasted longer than usual. I forgot yesterday to add one more important detail that could change the market sentiment to an even more negative one. Jerome Powell, who announced temporary inflation, may not be re-elected for a second term and his chances of maintaining his position are getting lower and lower.

Everything is fine on the crypto market, there is not much to write yet, I still adhere to a bottom-up scenario. But I do not exclude that after such a rapid growth, we can once again test the levels of 45-44K in order to unload and further to new highs.

In the meantime, everything is fine, the hash rate has almost completely recovered after the Chinese pressure, the transaction volumes are hitting historic highs, every day there is information about new investors who have either already entered or are starting to look at the crypt in a new way. I think I need to buckle up, there will be a lot of interesting things before the end of the year.

Plan for today. The priority option is bitcoin in the range of 46000-50000. Alternative - going below 46K for refueling.

US President Joe Biden wants to attract representatives from 30 countries to fight the illegal use of cryptocurrencies. In a monthly statement from the whitehouse briefing room: Titled Statement by President Joe Biden on Cybersecurity Awareness Month, reads, I am committed to strengthening our cybersecurity by hardening our critical infrastructure against cyberattacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all nations in cyberspace, and making clear we will hold accountable those that threaten our security. For the full write up can be found here: https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/01/statement-by-president-joe-biden-on-cybersecurity-awareness-month/

China continues to pressure. The #KuCoin cryptocurrency exchange has banned the Chinese from registering on the trading platform, and will stop serving existing customers from December 31. In the meantime, China is pressing, the President of El Salvador says that more than 3 million citizens are already using bitcoin, which is half of the country's population.

Wishing you a great day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge

29 Year Old #FTX CEO Tops Again: 7 Crypto #Billionaires Make #Forbes 2021 List of Richest Americans as #US Bank launches #Crypto Custody Services for #Fund Managers Amid Growing Demand for #DigitalAssets.

Thoughts on the market 6. 10. 2021

Bitcoin continued its growth during the day and was in the range of 51880-49000 and as of the time of this writing, its trading at a price of 51,600. Total crypto market capitalisation is now at $2.21 Trillion, dominance index 43.8%.

Equity markets closed higher on Tuesday. The Dow Jones rose 0.92%, the S&P 500 rose 1.05%, and the NASDAQ rose 1.25%. The dollar index rose 0.23% to 93.995. Point to note the IMF issued a new forecast, which voiced concerns about a slowdown in global economic growth.

Everything is fine on the crypto market. Bitcoin changed the psychologically important mark of 50K and continued its growth, to a high price of 51886 on the Binance Exchange.

Fear has passed and the market is gripped by greed, the fear / greed index is already showing a mark of 68, and those who recently sold bitcoin at 40 are now buying at 50K and this is just the beginning.

Positive. The chairman of the US Securities and Exchange Commission (#SEC) Gary Gensler, speaking in front of Congress yesterday, said that the SEC will not ban cryptocurrency. Before him, the same message was sent by Fed Chairman Jerome Powell.

Plan for today. The priority option is bitcoin in the range 49000-53000. The alternative is going below 49K, even if this happens, I don't think we can go below 48K now.

Interesting news, 7 cryptocurrency billionaires have made the Forbes 2021. 7 list of richest Americans, including Sam Bankman-Fried of FTX, Fred Ehrsam and Brian Armstrong of Coinbase, Cameron and Tyler Winklevoss of Gemini, and Jed McCaleb and Chris Larsen of Ripple. A source. CoinDesk. On the same news we shared in April this year(https://t.me/decryptedge/426) Sam Bankman-Fried maintains the No 1 spot.

U.S. Bank, the fifth-largest retail bank in America, announced on Tuesday that it was opening cryptocurrency custody services to fund managers, CNBC reported. The custody service will allow investment managers to store private keys for #Bitcoin, #BitcoinCash, and #Litecoin via its sub-custodian NYDIG. The bank hopes to integrate other coins, including #Ethereum, later on. U.S. Bank's service is exclusively for institutional managers with private funds. U.S. Bank is one of many major banks dipping its toes into crypto. BNY Mellon, State Street, and Northern Trust all have plans to provide custody services for digital assets.

As the old saying goes, if you can't beat them, join them.

This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.

Which way is Bitcoin? Thoughts on the Crypto market: 07.10. 2021

Bitcoin continued its growth during the day and was in the range 55750-50380. The high was set at exactly 55750 on the Binance. At the time of this writing, it is trading at 53,700. Total crypto market capitalization $2.31 Trillion, with BTC dominance index of 45.2%.


Equity markets closed with growth on Wednesday. The Dow Jones rose 0.30%, the S&P 500 rose 0.41%, and the NASDAQ Composite rose 0.47%. The dollar index rose 0.46% to 94.213.
Closing with a plus yesterday, despite the initial negative movement. So far, little interesting things have happened, and to date the markets have not come out of the sideways movement.

Everyone is waiting for the release of the report on US nonfarm employment. In short, it is better known as NonFarm. What is it? Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. Source: wikipedia.org

The flight is wonderful on the crypto market. Bitcoin fulfilled the priority version of our review and even exceeded it, reaching the 55750 mark (Binance), updating the five-month high, and the capitalization of the #Bitcoin returned above one trillion dollars.

Let me remind you that the last time the price was above 55K was on May 12, just then Elon Musk announced the termination of Bitcoin acceptance by Tesla. Then I said that the market is already mature and will digest both Musk and the Chinese with their bans, it is only a matter of time. Now the time has come.

1.6 billion is the money that came into the market, and we shall find out in good time who that was. Such a purchase volume can also be associated with the availability of information that the SEC will 100% approve the bitcoin ETF, so everyone is trying to be on time.

Plan for today. The priority option is bitcoin in the range of 53000-58000. An alternative is going below 53K, then we can return to 50K.

That said, I still believe another dip for BTC to $32K/28K may be lower than these levels. This view is active as long as BTC does not close above $55K/ 65K Daily/weekly. There will always be new traps like the previous cycles. and the full power lies in breakout $55/ 65K weekly! This failed the last time and the price dropped by -25% before starting a FOMO. Remember, a person who is obsessed with bullish(prices going up) thought can extract 10000 scenarios for bullish movement and the same with a bearish person. We look at both sides and we define the best zones. What we care about is what happens. One has to look in both bullish and bearish directions, do not worry about what or how we think, but you have to worry about what is happening and what you can do based on it.

So, Be bullish or bearish as you want, regardless you cannot impose what you want or force it to happen. Be ready for everything and look beyond the price.

This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #research Images Courtesy.

Report Alleges Tether Owns Billions In Chinese Debt as SEC Approves ETF for 'Bitcoin Revolution Companies', Portfolio Includes #Tesla and #Twitter.

Thoughts on the market 8. 10. 2021

#Bitcoin traded in the range of 55330-53350 during the day and at the time of this writing it is trading at 53,900. Total Crypto Market capitalization of $2.28 Trillion. BTC dominance index of 44.4%.

Stock markets ended Thursday trading with growth. The Dow Jones rose 0.98%, the S&P 500 rose 0.83%, and the NASDAQ Composite rose 1.05%. The dollar index was down 0.07% to 94.205. The markets are not showing strong activity, everyone is waiting for the release of reports on employment in the non-agricultural sector. Before this report, volatility will decrease in many markets, from stocks to forex, and after that a new momentum will be set. Despite the agreement to increase the national debt limit by 480 billion by the end of December, the tension still remains and a lot will depend on the report. It was on him that Powell emphasized in his speeches.

On the cryptomarket, the priority version of yesterday's forecast worked out, although the Bitcoin price did not go above 55K, and did not go below 53K either. The local minimum was set at 53357 @Binance exchange. We are going according to plan, but I do not exclude that after such an increase there may be a rollback to the support area of ​​52-50K. Perhaps even for a short time we will go beyond the limits of 50K, but this probability is extremely small, are expectations and aligned for growth 58-60K.

Plan for today. Bitcoin is in the range of 52000-56000, the alternative is going below 52, ​​in which case we can go to 50K. Major support levels are 53500-53000.

As mentioned yesterday, it is now a reality. #SEC Approved ETF for 'Bitcoin Revolution Companies', Portfolio Includes Tesla and Twitter just 14hrs ago. The new ETF from Volt Equity will give investors exposure to a range of companies like MicroStrategy and Square that hold crypto. The SEC approved ETF consisting of companies holding large amounts of Bitcoin on their balance sheet. The ETF's portfolio will include around 30 companies, including Tesla and PayPal. The approval comes as the crypto world continues to wait for the SEC to approve a pure Bitcoin ETF. Source: decrypt.co

On the contrary such a positive may be spoiled by the USDT fear uncertainty and doubt(FUD) linked to #China. An emerged Report Alleges Tether Owns Billions In Chinese Debt, coincidentally 13hrs ago! According to Bloomberg BW, stablecoin issuer Tether has extended billions of dollars in loans to Chinese companies. The value of loans backing Tether's stablecoin reserves could be a risk factor for the crypto industry. Tether has faced scrutiny from authorities and investigators in the past. A Bloomberg investigation has claimed to have found that Tether holds billions of dollars worth of Chinese commercial paper. Fact is Tether’s reserves remain unaudited. Source: cryptobriefing.com

This is not traditional #investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge #Blockchain #Research Images Courtesy.

El Salvador to build a $4 million Veterinary Hospital using profits from the #Bitcoin Trust SiriLanka Creates a Committee to Study #Crypto. Thoughts on the market 11.10.2021

Bitcoin started the new week with growth and has already registered a high of $56750. At the time of writing this review, it is trading around 56400 with a dominance index of 45.8%. Total crypto market capitalization is at $2.32 Trillion.

Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold, silver and oil are growing.

Nothing interesting happened on the crypto market over the weekend, we are still moving in the same narrow range. There were no deep corrections, bitcoin found support at 54100-54300 and held it, went up and reached highs at 56750 on Binance Exchange.

Altcoins sagged a little, but I think that they will not be long in coming, and with a stable bitcoin above 55K, they will show new highs.

Main scenario is upward, and I expect the growth to continue. The cancellation level is when the price goes below 54K, in which case we can immediately go to 52-50K. Plan for today. The priority option is bitcoin in the range of 54000-58000, the alternative option is going below 54.

El Salvador will build a $4 million veterinary hospital using profits from the Bitcoin Trust. As tweeted by the countries president in the official twitter handle wrote “By the way, we’re not selling any #BTC, we’re are using the USD part of the trust, since the #BTC part is now worth more than when the trust was established. In similar news, Cryptocurrency platform Bakkt has announced a partnership with Google. Users will be able to add Bakkt #Visa card to Google Pay for payments. The cryptocurrency will be converted to fiat at the time of purchase. Last time we talked about Bakkt was back in April.(https://t.me/decryptedge/412)

Lastly, Sri Lanka joins the global cryptocurrency adoption movement and creates a committee to study and implement blockchain and crypto mining technologies. Source.

​​Have a blessed day #Utamaduni ahead. #Kenya Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge