15. März 2023 / admin / 0 Comments
• Bitcoin (BTC) moved closer to $25,000 on Tuesday as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank.
• Ethereum (ETH) also rose higher in today’s session, with prices breaking out of a key resistance point.
• Reports suggest that withdrawals at the likes of JPMorgan and Citibank are nearing a ten-year high.
Bitcoin Nearing $25,000
Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. BTC/USD surged to an intraday peak of $24,851.62 earlier in the day. As a result of the surge, bitcoin rose to its strongest point since February 21, recovering from a recent two-month low in the process. The relative strength index (RSI) is tracking at 63.41 which is marginally below a wall at 66.00 with BTC now trading at $24,368.14.
Ethereum Moving Higher
Ethereum (ETH) also moved higher in today’s session, with prices breaking out of a key resistance point in the process. ETH/USD hit a high of $1,699.91 earlier on Tuesday which comes less than 24 hours after hitting a low of $1,576.06 as prices moved past a long-term ceiling at $1,675 and hitting a three-week high in the process.. Momentum has somewhat slipped however as the RSI ran into an obstacle in the form of a resistance point at 62%. In order to fully break into the $1,700 region ETH bulls will first need to get over this ceiling at 62%.
Banking Withdrawals Rising
Reports suggest that withdrawals at banks such as JPMorgan and Citibank are nearing a ten-year high due to investors seemingly moving capital towards cryptocurrencies following collapses such as First Republic Bank which saw its stock dropping by over 60% on Monday alone..
The rise in banking withdrawals could have major implications for traditional financial institutions who may find themselves struggling if more investors move away from their services due to cryptocurrency becoming increasingly popular amongst traders..
Overall it appears that both Bitcoin and Ethereum have had positive performances today with Bitcoin nearing its highest level since February 21st whilst Ethereum broke above its long term resistance level at 1$675 confirming further bullish momentum for ETH traders..
7. März 2023 / admin / 0 Comments
• Billionaire Mark Mobius says he can’t withdraw his money out of HSBC in Shanghai, China due to severe capital control.
• Mobius warns that the Chinese government is becoming more and more control-oriented in its economy.
• He advises caution when investing in China and suggests looking into Hong Kong instead.
Mark Mobius’s Money Troubles with HSBC
Billionaire Mark Mobius, founder of Mobius Capital Partners, revealed during an interview with Fox Business that he cannot take his money out of HSBC in Shanghai, China. Citing severe capital control by the Chinese government, he stressed: „It’s crazy … They’re putting all kinds of barriers.“
Capital Control Barriers
Mobius explained that while the bank does not explicitly deny him access to his funds, they require him to provide records from 20 years of how he made this money before allowing him any withdrawals. This is a significant problem for many investors in China due to increasing government restrictions on the flow of money out of the country.
Be Cautious When Investing In China
In light of these issues, Mobius advised caution when investing in China and suggested looking into Hong Kong instead. He also warned against the potential for the Chinese government to take „golden shares“ in companies all over China which could mean increased control over certain firms such as Tencent and Alibaba.
A Different Direction From Deng Xiaoping
Mobius noted that this situation marks a departure from reforms instituted by former leader Deng Xiaoping which opened up investment opportunities within China. The billionaire highlighted that current policies indicate a move towards greater governmental oversight and control which may have negative implications for investors moving forward.
Overall, it appears that there are significant challenges facing investors who choose to put their money into Chinese markets due to heavy capital controls imposed by the government as well as risk associated with increased ownership stakes taken by state entities. Those considering investments should be aware of these risks and proceed cautiously if choosing to invest within mainland China rather than looking at other options such as Hong Kong which may present fewer obstacles for withdrawals or transfers down the line.
28. Februar 2023 / admin / 0 Comments
• Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD.
• The decision follows Paxos‘ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD.
• Reports indicated that the U.S. Securities and Exchange Commission (SEC) sent Paxos a Wells Notice regarding BUSD on that day.
Coinbase to Suspend Trading of BUSD
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD, following a regulatory crackdown by the New York State Department of Financial Services (NYDFS). Reports also indicated that the U.S. Securities and Exchange Commission (SEC) sent Paxos a Wells Notice regarding BUSD on February 13th, 2021.
Impact on Cryptocurrency Market
Currently, BUSD is ranked 11th in cryptocurrency valuation after being removed from the top ten crypto assets by market capitalization due to this decision. Prior to Paxos‘ announcement on February 13th, there were 16.1 billion in circulation; as of February 27th, 10.73 billion remain in circulation after 5.37 billion have been removed from circulation since then according to its token contract at press time statistics show 177,125 unique wallets hold BUSD currently .Binance’s reserve portfolio indicates 8.64 billion held which represents 80% of circulating supply .
Coinbase Listing Standards
Coinbase stated that “We regularly monitor the assets on our exchange to ensure they meet our listing standards.“ Based on their most recent reviews, Coinbase will suspend trading for binance usd (BUSD) at or around 12pm ET on March 13th ,2023 . This suspension applies across all platforms including Coinbase Pro, Coinbase Exchange ,and Coinbase Prime .
Crypto Supporters Reactions
Several crypto supporters commented on Coinbases suspension of BUSD with one person questioning if USDC would be suspended too when Gary comes for that too? Others criticized Coinbases timing of this decision asking at what point did BUSD suddenly fail meeting listing standards? Which standard specifically did it fail to meet?
In conclusion ,following an NYDFS directive towards regulated firm Paxos stopping its issuing of USD pegged token ,Coinbase has decided to suspend trading and delisting as well as applying across all its platforms . Crypto supporters had mixed reactions with some criticizing its timing while others are worried about potential implications for other similar tokens such as USDC .
22. Februar 2023 / admin / 0 Comments
• An artist who created the original 2013 Bitcoin Wizard meme raised nearly $150,000 in Bitcoin (BTC) through Lightning Network.
• Udi Wertheimer and the Taproot Wizards helped the artist with minting and selling a collection of Ordinal inscriptions to celebrate the 10th anniversary of his artwork.
• However, Bitcoin Maximalists and r/bitcoin moderator Bashco disliked it.
Artist Creates and Sells Original Bitcoin Wizard Meme
An artist who created the original 2013 Bitcoin Wizard meme successfully raised nearly $150,000 in bitcoin (BTC) via Lightning Network. Udi Wertheimer, a crypto proponent and member of the Taproot Wizards, helped the artist with minting and selling a collection of ordinal inscriptions to celebrate the 10th anniversary of his artwork.
Bitcoin Maximalists Dislike Artist’s Work
Despite its success, Wertheimer noted that bitcoin maximalists and r/bitcoin moderator Bashco disliked it. He explained that maximalists hate ordinal inscriptions because they have decided that JPEGs are evil. Despite this criticism from some members of the crypto community, Wertheimer insisted that most “Bitcoiners” are builders, explorers, researchers – not maximalists.
Lightning Network Used To Make Payments
Wertheimer also shared how many NFT enjoyers downloaded a lightning wallet from Alby for the first time ever in order to make payments during the sale which lasted three hours. He noted how watching everything transpire made him really happy by simply using BTC and Lightning Network to support an artist – something he argued would be impossible with traditional payment methods like PayPal or credit cards.
Creator Raises 6 BTC From Sale
At the end of three hours, Wertheimer reported that 6 BTC had been raised – close to $150,000 at current prices – which went directly to supporting the artist’s work. The proceeds were mostly from NFT enthusiasts who purchased ordinal inscriptions on blockchain as part of their own collections or as gifts for other collectors they know.
Ultimately, despite criticism from some members within the crypto community about using BTC for digital art sales such as this one, this story is evidence that real-world use cases for cryptocurrency still exist – even if those use cases do not fit into strict definitions set by certain groups within this industry or community
14. Februar 2023 / admin / 0 Comments
• Ethereum (ETH) started the week trading below $1,500 after Paxos announced they will no longer mint BUSD.
• Bitcoin (BTC) edged lower on Monday, as prices remain near a three-and-a-half-week low.
• Ethereum (ETH) fell to a one-month low to start the week, with prices moving below the $1,500 mark.
Bitcoin, Ethereum Technical Analysis
Ethereum Hits 1-Month Low
Ethereum (ETH) started the week trading below $1,500 after Paxos announced they will no longer mint BUSD. This depegging of the stablecoin comes ahead of the upcoming U.S. inflation report which is also adding to today’s volatility in markets.
Bitcoin Edges Lower
Bitcoin (BTC) continued to trade close to its multi-week low on Monday due to bearish sentiment before the upcoming U.S. inflation report. BTC/USD dropped from a high of $22,060.99 on Sunday to an intraday low of $21,539.50 and remains close to its lowest point since January 20th when it was last under $21,000. The 14 day relative strength index for BTC/USD is currently tracking at 45.80 with a resistance level of 50 being an ideal target for remaining bulls hoping to regain market momentum should this target be captured.
Etheruem Falls Under $1500
Etheruem (ETH) fell further than Bitcoin starting off the week by dropping below $1,500 in value hitting its weakest point since January 14th when it traded at a peak of $1,545.55 and bottoming out at an intraday low of $1,477.. The RSI for ETH/USD failed staying above 44 and is currently tracking at 42 making it likely that ethereum could collide with support at around 1$450 if this downward trend continues
Biggest Movers: MATIC Drops by 1%
MATIC was among one the biggest movers in cryptocurrency markets today dropping by 1%. It has been reported that MATIC dropped as traders moved capital into BTC and ETH in response to increased volatility surrounding US inflation data due tomorrow which may affect future pricing trends across all asset classes including crypto assets such as Bitcoin and Ethereum
6. Februar 2023 / admin / 0 Comments
• Interpol is working on how to police the metaverse, a digital world projected as an alternative to the real world
• The organization is facing difficulties when adopting certain policies to enforce the law in the metaverse
• Crimes that are happening in the metaverse include verbal harassment, assaults, and other financial crimes
Interpol Preparing to Police Metaverse
The International Criminal Police Organization (Interpol) is preparing to bring its action to metaverse platforms in order to police them. Secretary general Jurgen Stock believes this is necessary for Interpol not to be left behind by related technology. It faces difficulties when determining whether an action constitutes a crime or not on the metaverse, but it has already opened its own place there during its 90th General Assembly in New Delhi.
Crimes Happening in Metaverse
Verbal harassment, assaults, ransomware, counterfeiting, money laundering and financial fraud are some of the crimes currently happening in the virtual world. However, some of these are still in legal gray areas and determining what constitutes a crime or not can be difficult.
Interpol’s Efforts To Be Present In Metaverse
In order for Interpol to effectively police the metaverse, it needs to have contact and be present on these platforms. This is why they have opened their own place within it which also serves another objective: offering online courses for members of their force from other countries.
Difficulties Faced By Interpol
Police organizations face difficulties when trying to adopt certain policies in order enforce law in the metaverse. Determining what constitutes a crime or not can sometimes be difficult due to legal gray areas surrounding such actions.
As technology continues developing new tools for criminals which can make them more sophisticated and professional, organizations like Interpol need prepare themselves so they don’t get left behind. They are currently working on ways they can effectively police activities that occur within the virtual world while recognizing that this may present different challenges than policing physical space does.
30. Januar 2023 / admin / 0 Comments
– Market strategist Chris Vermeulen predicts that the S&P 500 stock market index could drop 37% in the near future.
– Investors are closely watching the decision of Jerome Powell, the 16th chairman of the Federal Reserve, at the upcoming FOMC meeting on Feb. 1.
– Market strategist „The Carter“ expects Powell to continue to tighten and implement restrictive policy.
As the market continues to rally in the first month of the year, market strategists are preparing for a potential retraction in the near future. Chris Vermeulen, the founder and chief investment officer of The Technical Traders, has predicted that the S&P 500 stock market index could drop 37% lower than its current position. This prediction comes ahead of the Federal Open Market Committee (FOMC) meeting scheduled to occur on Wednesday, Feb. 1.
Investors are closely watching the decision of Jerome Powell, the 16th chairman of the Federal Reserve. Last week, Bitcoin.com News reported on how investors are closely following the decision of Jerome Powell. As the FOMC meeting approaches, discussions about the outcome have been widespread on social media.
One market strategist known as „The Carter“ has warned of potential turmoil in the markets come Feb. 1. On Jan. 27, Carter explained that „there will be blood on February 1,“ referring to the expected turbulence that markets may face after Powell addresses the nation. While some investors are expecting a dovish Fed and possible rate cuts, Carter argues that Powell will instead continue to tighten and implement restrictive policy. The analyst notes that Powell has previously referred to a „broader tightening project“ in three stages: rapid hikes to reach a neutral rate, measured hikes to reach a „sufficiently restrictive“ rate and staying at the terminal rate for some time.
Overall, the upcoming FOMC meeting is definitely one to watch. While some investors are optimistic and expecting a dovish approach, other market strategists are warning of potential turbulence. It will be interesting to see the outcome of the meeting and the potential implications it may have on the markets.
23. Januar 2023 / admin / 0 Comments
• Jeff Booth has warned of a “great depression on steroids” if the US Federal Reserve keeps hiking interest rates.
• Former FTX US President Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF).
• Buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu.
The world has seen a great deal of activity in the past week. From warnings of debt deflation to buzz about a new scaling solution, investors have been watching the markets closely.
Jeff Booth, author of “The Price of Tomorrow”, has warned of a “great depression on steroids” if the US Federal Reserve keeps hiking interest rates. He believes that eventually the Fed “will be forced to pivot”, meaning that if the current rate of interest rate hikes continues, the consequences could be dire. Booth has suggested that the Fed should consider other options, such as cutting rates, to avoid a potential financial crisis.
Former FTX US President Brett Harrison has also been in the news this week, as he has shared details of his experience working with co-founder Sam Bankman-Fried (SBF) and his decision to leave the company. In a lengthy Twitter thread, Harrison explained that his relationship with Bankman-Fried had reached a point of “total deterioration” after months of disputes over management practices.
Finally, buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. Shibarium is set to launch its beta version soon, and the news has been met with excitement from shiba inu enthusiasts and investors. The meme token has seen a rise against the US dollar in recent days, raising expectations for the coin’s performance in the coming months.
Overall, the past week has seen a great deal of activity in the markets, and investors will be watching closely to see how these developments play out in the coming days.
16. Januar 2023 / admin / 0 Comments
• Brett Harrison, the former president of FTX US, published a 49-part Twitter thread detailing his experience and relationship with CEO Sam Bankman-Fried.
• Initially, Harrison was excited to join the company but over time, his relationship with Bankman-Fried deteriorated due to disputes over management practices.
• On September 27, 2022, Harrison left the company due to the total deterioration of his relationship with Bankman-Fried.
Brett Harrison, the former president of FTX US, had a seventeen-month tenure with the crypto exchange company. Before his role at FTX US, Harrison worked with Sam Bankman-Fried at Jane Street and prior to joining FTX, he worked for Citadel Securities. Despite being initially excited to join the company, Harrison soon began advocating strongly for establishing separation and independence for the executive, legal, and developer teams of FTX US, which was met with disagreement from Bankman-Fried. As the months progressed, the cracks between the two deepened and the relationship eventually reached a point of total deterioration.
As a result, on September 27, 2022, Harrison resigned from FTX US. To address the controversy surrounding his departure, Harrison decided to publish a 49-part Twitter thread detailing his experience and relationship with Bankman-Fried. In the thread, Harrison explained the issues between them, including the disagreement over management practices. He also discussed the immense pressure he faced due to Bankman-Fried’s influence over various industries, which caused him to persist in disagreeing with the CEO.
Despite the circumstances that led to his resignation, Harrison believes that “FTX will continue to be a leading crypto exchange in the world” and that his former colleagues at FTX US “will go on to have great success.”
16. Januar 2023 / admin / 0 Comments
• Tascombank, one of the oldest banking institutions in Ukraine, has successfully completed the pilot testing of a digital currency based on the Stellar network.
• The bank reported that operations with the new digital asset were carried out in accordance with the current know-your-customer and anti-money laundering procedures.
• They believe that the electronic money circulation scheme studied during the pilot is an economically viable business model for using blockchain technology.
Tascombank, one of the oldest banking institutions in Ukraine, has recently completed the pilot testing of a digital currency based on the Stellar network. This currency, referred to as the „electronic hryvnia“, has been tested for its potential to be used in settlements between buyers and sellers. The bank reported that the operations with the new digital asset were carried out in accordance with the current know-your-customer and anti-money laundering procedures. They believe that the electronic money circulation scheme studied during the pilot is an economically viable business model for using blockchain technology.
The bank pointed out the many advantages that come with employing blockchain technology when it comes to money circulation. These advantages include transparency at all stages of circulation and between all participants in the transactions, increased security and confidentiality for user data, low costs, and high capacity. It is also believed that the implementation of this technology could be a major help in the retail non-cash payments sector.
The National Bank of Ukraine (NBU) has been notified of this development and is currently looking into the implementation of the electronic hryvnia. The NBU is one of the key players when it comes to the successful implementation of digital currency in Ukraine and is interested in the concept of digital currency. The NBU is currently looking at the potential for digital currency to be used for payments and settlements in the country.
Tascombank is confident that the successful pilot test of the electronic hryvnia is a major step forward in the implementation of blockchain technology. They believe that the results of the pilot are promising and are looking forward to further developing and implementing the product. They also plan to continue their research on the issuance and circulation of blockchain-based electronic money. This research is likely to include the potential use of such currency in retail non-cash payments.
Overall, the successful pilot testing of the electronic hryvnia is a major milestone in the potential implementation of blockchain technology in Ukraine. Tascombank is confident in the results of the pilot and is looking forward to further developing and implementing the product. The National Bank of Ukraine is also interested in the concept of digital currency and is currently looking into the potential for digital currency to be used for payments and settlements in the country.