Crypto Analyst Says Bitcoin Will Move ‘Like a Runaway Train,’ Predicts Rallies for Binance Coin and Polygon
A popular crypto trader thinks that Polygon (MATIC) and Binance Coin (BNB) are set to rally before Bitcoin (BTC) ascends towards $100,000.
The crypto market analyst known as Altcoin Sherpa tells his 141,900 Twitter followers that Bitcoin may be leaving the last door open for buyers to accumulate before taking off on its next leg up.
A popular crypto trader thinks that Polygon (MATIC) and Binance Coin (BNB) are set to rally before Bitcoin (BTC) ascends towards $100,000.
The crypto market analyst known as Altcoin Sherpa tells his 141,900 Twitter followers that Bitcoin may be leaving the last door open for buyers to accumulate before taking off on its next leg up.
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Microstrategy Buys More Bitcoin, Now Holds 122,478 BTC — CEO Says Bitcoin Is Taking Gold’s Place
In less than two weeks after its previous bitcoin purchase, Microstrategy bought more bitcoins. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. At the time of writing, the company’s total bitcoin stash is worth about $6 billion.
Microstrategy Purchases 1,434 More BitcoinsThe Nasdaq-listed company Microstrategy has purchased more bitcoin. CEO Michael Saylor announced Thursday:
Microstrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per bitcoin. As of 12/9/21 we hodl ~122,478 bitcoins acquired for ~$3.66 billion at an average price of ~$29,861 per bitcoin.
In less than two weeks after its previous bitcoin purchase, Microstrategy bought more bitcoins. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. At the time of writing, the company’s total bitcoin stash is worth about $6 billion.
Microstrategy Purchases 1,434 More BitcoinsThe Nasdaq-listed company Microstrategy has purchased more bitcoin. CEO Michael Saylor announced Thursday:
Microstrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per bitcoin. As of 12/9/21 we hodl ~122,478 bitcoins acquired for ~$3.66 billion at an average price of ~$29,861 per bitcoin.
Passive Token – Generating True Passive Income
Recently launched Passive Token brings new meaning to the term ‘passive income’. True passive income is often hard to achieve without extensive work and initial investment. Passive Token aims to change this with it’s unique tokenomics model and ecosystem.
Part of the Retire Token ecosystem, Passive Token works to generate the holder true passive income, no strings attached. The ethos of Passive echoes that of it’s parent token, in that it aims to offer the investor a high yield of rewards based on every transaction made.
Recently launched Passive Token brings new meaning to the term ‘passive income’. True passive income is often hard to achieve without extensive work and initial investment. Passive Token aims to change this with it’s unique tokenomics model and ecosystem.
Part of the Retire Token ecosystem, Passive Token works to generate the holder true passive income, no strings attached. The ethos of Passive echoes that of it’s parent token, in that it aims to offer the investor a high yield of rewards based on every transaction made.
Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers.
Eliminating Inefficiencies in the Cross-Border Payment Arena With CBDCsBahrain’s central bank recently said it had piloted its first cross border funds transfer using the JPMorgan blockchain. The transfer, which was carried out in partnership with Bank ABC, is the latest step taken by the CBB as it prepares to launch its digital currency.
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers.
Eliminating Inefficiencies in the Cross-Border Payment Arena With CBDCsBahrain’s central bank recently said it had piloted its first cross border funds transfer using the JPMorgan blockchain. The transfer, which was carried out in partnership with Bank ABC, is the latest step taken by the CBB as it prepares to launch its digital currency.
Analysts React to Biden Crypto Executive Order
Not long ago, Live Bitcoin News reported that Joe Biden was slated to sign an executive order that would establish crypto regulation and decide how agencies in the U.S. should pursue legislating the volatile space. In addition, it allegedly would open the door to a national digital currency for the United States.
Biden Signs Crypto Executive OrderIt appears Biden has signed that order, and thus crypto regulation is now gearing up in America. Naturally, analysts and traders seem to have mixed reactions to the order, with some feeling it’s a positive step towards legitimizing the space. Others, however, believe that this is going to potentially infringe even further on traders’ rights, while some have gone so far as to say that the country’s regulators will try to confiscate all bitcoin and crypto units held by retail investors.
Not long ago, Live Bitcoin News reported that Joe Biden was slated to sign an executive order that would establish crypto regulation and decide how agencies in the U.S. should pursue legislating the volatile space. In addition, it allegedly would open the door to a national digital currency for the United States.
Biden Signs Crypto Executive OrderIt appears Biden has signed that order, and thus crypto regulation is now gearing up in America. Naturally, analysts and traders seem to have mixed reactions to the order, with some feeling it’s a positive step towards legitimizing the space. Others, however, believe that this is going to potentially infringe even further on traders’ rights, while some have gone so far as to say that the country’s regulators will try to confiscate all bitcoin and crypto units held by retail investors.
Draftkings Reveals 2022 College Hoops NFT Collection for March Madness
On March 15, the American fantasy sports contest and betting company Draftkings announced the company’s first in-house digital collectibles campaign called the “Primetime NFT Series.” The first Draftkings’ NFT series drop will be the “2022 College Hoops Collection” launched in unison with the single-elimination college basketball tournament known as NCAA’s March Madness.
Draftkings to Drop First In-House NFT Collection
On March 15, the American fantasy sports contest and betting company Draftkings announced the company’s first in-house digital collectibles campaign called the “Primetime NFT Series.” The first Draftkings’ NFT series drop will be the “2022 College Hoops Collection” launched in unison with the single-elimination college basketball tournament known as NCAA’s March Madness.
Draftkings to Drop First In-House NFT Collection
Multichain introduces V4 of anyCall to improve its cross-chain service network
Multichain, a cross-chain router platform, today launched V4 of anyCall, an interoperability protocol that enables cross-chain messages and call contracts from chain A to chain B in one transaction.
anyCall can transmit arbitrary data, like smart contracts, NFTs, messages, tokens, data, etc.
The anyCall contract includes the following contracts & functions:1. anyCall function – Residing on the source chain, the anyCall function calls the anyCall contract and stores the instructions to be executed on the destination chain.
2. Multichain MPC nodes – The anyCall contract resides in a common MPC address on all blockchains. The contract detects the invocation of the anyCall function and performs security and validity checks before relaying the message to the destination chain.
Multichain, a cross-chain router platform, today launched V4 of anyCall, an interoperability protocol that enables cross-chain messages and call contracts from chain A to chain B in one transaction.
anyCall can transmit arbitrary data, like smart contracts, NFTs, messages, tokens, data, etc.
The anyCall contract includes the following contracts & functions:1. anyCall function – Residing on the source chain, the anyCall function calls the anyCall contract and stores the instructions to be executed on the destination chain.
2. Multichain MPC nodes – The anyCall contract resides in a common MPC address on all blockchains. The contract detects the invocation of the anyCall function and performs security and validity checks before relaying the message to the destination chain.
Howling Wolves NFT Collection
Howling Wolves NFT is a collection built on a staking platform that lets users digitize and list NFTs for auction or direct sale. Designed to benefit both the sellers and buyers or collectors, in the long run, the platform also enables the staking of NFTs and users get rewarded with a token they can exchange daily.
Apart from rewarding stakers and providing a place for trading NFTs, the project seeks to address some of the major limitations of the NFT industry. Mainly, it seeks to boost liquidity and trading capabilities, which is why it is gaining traction fast.
Howling Wolves NFT is a collection built on a staking platform that lets users digitize and list NFTs for auction or direct sale. Designed to benefit both the sellers and buyers or collectors, in the long run, the platform also enables the staking of NFTs and users get rewarded with a token they can exchange daily.
Apart from rewarding stakers and providing a place for trading NFTs, the project seeks to address some of the major limitations of the NFT industry. Mainly, it seeks to boost liquidity and trading capabilities, which is why it is gaining traction fast.
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Are Institutional Investors Bringing Crypto Down?
Is it possible that institutional investors are somehow making things worse for the crypto market?
Are Institutional Investors Playing an Opposite Role?The idea – up to this point – has always been that without institutional players, bitcoin and its altcoin cousins could never reach mainstream status. Thus, traders often swelled with glee when they heard stories about MicroStrategy, Square, or other big-time companies investing hard-earned revenue into bitcoin and the crypto space. Sadly, it now looks like this is beginning to backfire in the wake of the recent crypto crash that saw more than $1 trillion in value erased in just a few days.
Is it possible that institutional investors are somehow making things worse for the crypto market?
Are Institutional Investors Playing an Opposite Role?The idea – up to this point – has always been that without institutional players, bitcoin and its altcoin cousins could never reach mainstream status. Thus, traders often swelled with glee when they heard stories about MicroStrategy, Square, or other big-time companies investing hard-earned revenue into bitcoin and the crypto space. Sadly, it now looks like this is beginning to backfire in the wake of the recent crypto crash that saw more than $1 trillion in value erased in just a few days.
Tesla CEO Elon Musk Officially Terminates $44 Billion Twitter Deal — Twitter Threatens Lawsuit
Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. “Twitter is in material breach of multiple provisions” of the agreement, Musk’s lawyer explained.
Musk Ending Deal With Twitter Citing ‘Material Breach of Multiple Provisions’Tesla and Spacex CEO Elon Musk’s lawyer sent a letter to Twitter Inc. Friday regarding Musk’s offer to buy the social media platform. The letter, filed with the U.S. Securities and Exchange Commission (SEC), states:
Mr. Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement.
Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. “Twitter is in material breach of multiple provisions” of the agreement, Musk’s lawyer explained.
Musk Ending Deal With Twitter Citing ‘Material Breach of Multiple Provisions’Tesla and Spacex CEO Elon Musk’s lawyer sent a letter to Twitter Inc. Friday regarding Musk’s offer to buy the social media platform. The letter, filed with the U.S. Securities and Exchange Commission (SEC), states:
Mr. Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
pancakeswap.finance
🥞 PancakeSwap - Everyone's Favorite DEX
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
pancakeswap.finance
🥞 PancakeSwap - Everyone's Favorite DEX
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Cryptocurrencies of The Future: RoboApe, Ethereum, and Tron
Evolution is a constant. Things have to change. Blockchain technology is no exception. The use of the technology is mainly dependent on cryptocurrencies, as this was what birthed it in the first place. As humans evolve, ideas and tools change for the better. The cryptocurrencies that will continue to be relevant are those that develop alongside. RoboApe (RBA), Ethereum (ETH), and Tron (TRX) are three cryptocurrencies that continue to serve the growing needs of users and will continue to do so.
RoboApe (RBA)RoboApe (RBA) is a decentralised ecosystem built in the Ethereum Blockchain and based on current entertainment trends like memes and gaming.
RoboApe (RBA) was developed to include new users in Blockchain technology and has integrated several features into its network. RoboApe (RBA) is successfully targeting the future generation by developing its network around their interests.
Evolution is a constant. Things have to change. Blockchain technology is no exception. The use of the technology is mainly dependent on cryptocurrencies, as this was what birthed it in the first place. As humans evolve, ideas and tools change for the better. The cryptocurrencies that will continue to be relevant are those that develop alongside. RoboApe (RBA), Ethereum (ETH), and Tron (TRX) are three cryptocurrencies that continue to serve the growing needs of users and will continue to do so.
RoboApe (RBA)RoboApe (RBA) is a decentralised ecosystem built in the Ethereum Blockchain and based on current entertainment trends like memes and gaming.
RoboApe (RBA) was developed to include new users in Blockchain technology and has integrated several features into its network. RoboApe (RBA) is successfully targeting the future generation by developing its network around their interests.
Euro, Bitcoin Fall as USD Raises on CPI Higher Than Expected
USD has had the worst run in a few days as the markets were waiting for the customer inflation data in a year. On Tuesday, customer prices climbed more than expected, by 8.3% year to year in August; the news triggered a sell-off. EURUSD is down 1%, and BTCUSD lost 4%, as bulls are fighting to defend $21k support.
Higher inflation means that the Fed is not done yet with rate hikes. The cheap money is not coming back to the financial markets soon.
USD has had the worst run in a few days as the markets were waiting for the customer inflation data in a year. On Tuesday, customer prices climbed more than expected, by 8.3% year to year in August; the news triggered a sell-off. EURUSD is down 1%, and BTCUSD lost 4%, as bulls are fighting to defend $21k support.
Higher inflation means that the Fed is not done yet with rate hikes. The cheap money is not coming back to the financial markets soon.
Celsius Is Planning to Give Customers Their Funds Back
Celsius – the doomed crypto lending platform that completely collapsed in the summer and is now undergoing bankruptcy proceedings – has issued a plan to compensate all the customers and people that had accounts on the platform that they now cannot access.
Celsius Is Looking to Give Customers Their Money BackCelsius caused several individuals to raise eyebrows in confusion and disgust when it was announced the company had frozen withdrawals and that anyone working with the company would not be able to gain access to their money. To make matters worse, the company later issued plans to file for bankruptcy. This prevented all customers from seeking their funds through lawsuits and other legal means, and to this day, much of the money on the platform is still very much in limbo.
For the most part, it looked like Celsius had initiated a rug pull of sorts and that the company was going to make off with funds or engage in other illicit activity, but now it appears Celsius has a few ideas about how it’s going to ensure its customers get their funds back. The company will be turning all its debt into a cryptocurrency – an IOU cryptocurrency, for lack of better terms.
Celsius – the doomed crypto lending platform that completely collapsed in the summer and is now undergoing bankruptcy proceedings – has issued a plan to compensate all the customers and people that had accounts on the platform that they now cannot access.
Celsius Is Looking to Give Customers Their Money BackCelsius caused several individuals to raise eyebrows in confusion and disgust when it was announced the company had frozen withdrawals and that anyone working with the company would not be able to gain access to their money. To make matters worse, the company later issued plans to file for bankruptcy. This prevented all customers from seeking their funds through lawsuits and other legal means, and to this day, much of the money on the platform is still very much in limbo.
For the most part, it looked like Celsius had initiated a rug pull of sorts and that the company was going to make off with funds or engage in other illicit activity, but now it appears Celsius has a few ideas about how it’s going to ensure its customers get their funds back. The company will be turning all its debt into a cryptocurrency – an IOU cryptocurrency, for lack of better terms.
Genesis faces bankruptcy without $500 million cash injection, Binance and Apollo shun crypto lender
Summary:
Genesis sought to raise $500 million – $1 billion to ward off bankruptcy concerns.The crypto lender tried to secure capital from Binance and Apollo but both entities turned down the chance.Genesis launched efforts to raise capital after exposure to FTX, Sam Bankman-Fried’s troubled crypto exchange. Major crypto lender Genesis might go bankrupt without new capital after the firm declared a $175 million exposure to beleaguered digital asset exchange FTX. The crypto lender reportedly sought $1 billion from investors, per Bloomberg. Shortly, the raise was reduced to $500 million.
While the firm did not disclose any immediate plans to file for bankruptcy, current investors were warned that cash was needed urgently.
Summary:
Genesis sought to raise $500 million – $1 billion to ward off bankruptcy concerns.The crypto lender tried to secure capital from Binance and Apollo but both entities turned down the chance.Genesis launched efforts to raise capital after exposure to FTX, Sam Bankman-Fried’s troubled crypto exchange. Major crypto lender Genesis might go bankrupt without new capital after the firm declared a $175 million exposure to beleaguered digital asset exchange FTX. The crypto lender reportedly sought $1 billion from investors, per Bloomberg. Shortly, the raise was reduced to $500 million.
While the firm did not disclose any immediate plans to file for bankruptcy, current investors were warned that cash was needed urgently.
Ripple Price Analysis: Bulls Struggle Below $0.36
Ripple price is struggling below $0.370 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3400 to avoid more downsides in the near term.
Ripple Price AnalysisThis past week, ripple price saw a bearish reaction below the $0.3900 zone against the US Dollar. The XRP/USD pair declined below the $0.3780 support zone to move into a bearish zone.
The price even traded below the $0.3700 level. Finally, there was a move below the $0.3600 level. The price traded as low as $0.3350 before there was an upside correction. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.3966 swing high to $0.3350 low.
Ripple price is struggling below $0.370 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3400 to avoid more downsides in the near term.
Ripple Price AnalysisThis past week, ripple price saw a bearish reaction below the $0.3900 zone against the US Dollar. The XRP/USD pair declined below the $0.3780 support zone to move into a bearish zone.
The price even traded below the $0.3700 level. Finally, there was a move below the $0.3600 level. The price traded as low as $0.3350 before there was an upside correction. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.3966 swing high to $0.3350 low.