Forex Stock Exchange Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Go down
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Jul 21, 2021 5:43 pm
CryptoNews of the Week

[You must be registered and logged in to see this image.]

- Mastercard, in collaboration with financial platforms Evolve Bank & Trust, Paxos and Circle, is launching a new program that will allow more banks and cryptocurrency companies to offer plastic and virtual cards to those wishing to “spend their digital assets wherever Mastercard is accepted”. This is stated in a press release by the company. It also noted that cryptocurrency providers are now having difficulty converting cryptocurrency into fiat. The new initiative will address this problem.

- Half of the fintech and cryptocurrency experts expect bitcoin to surpass fiat and national digital currencies by 2040. Finder.com reached such conclusions in their survey. Moreover, a third of them believe that the so-called "hyperbitcoinization" will come by 2035 or earlier. 
Optimists have not lost faith in the favorable prospects of the first cryptocurrency. They believe that El Salvador's acceptance of bitcoin as a means of payment will set an example for other emerging economies. However, the second half of those surveyed questioned bitcoin's ability to become the dominant asset in global finance.

 - Professional boxing legend Mike Tyson invited Twitter followers to choose between bitcoin and Ethereum. The discussion was joined by the head of MicroStrategy, Michael Saylor, who said that he spent over a thousand hours thinking about this issue. He ended up choosing the first cryptocurrency. “I bought $2.9 billion worth of bitcoin because I consider it the future of digital ownership,” said the head of MicroStrategy.
Other representatives of the crypto industry joined the discussion. For example, OkeX Bitcoin exchange head Jay Hao responded with a meme with the text “You don't have to choose if you have both.”

- The Chinese cryptocurrency community has been recently actively discussing a video in which a roller is crushing a large number of ASIC miners. Some members of the community associated what was happening with the recent bans by the PRC authorities. Others have suggested that the action takes place in Latin America. However, it was later revealed that Malaysia's law enforcement agents destroyed the equipment. A local portal cited a statement from the Miri County Police Chief, according to whom 1,069 bitcoin miners worth $1.25 million were destroyed. The equipment was seized in six raids between February and April.

- Major bitcoin investor Tim Draper hasn't changed his optimism about cryptocurrency No.1, despite the sharp drop in its price. According to the billionaire, BTC's price will reach $250,000 by early 2023 at the latest. It is worth noting that Draper has previously managed to make accurate predictions. So, in 2014, he predicted that bitcoin would break the $10,000 level within three years.
Draper sees a whole set of financial functions in bitcoin, so he believes that this cryptocurrency will spread in countries with both developed and emerging economies.

- Data obtained by news site Finbold shows that the popularity of cryptocurrency applications for iOS and Android has grown 2.6 times over the year. They now dominate the top 50 asset management apps, surpassing similar stock trading programs in the USA. The number of downloads of applications for transactions with cryptocurrencies in the AppStore has already exceeded 18 million in 2021, in Google Play - 15 million.

- David Tice, co-founder of hedge fund Morand-Tice Capital Management, is confident that this is a "very dangerous period" for owning bitcoin and other financial assets. “The market is very overvalued in terms of future profits. Debt is growing at an unprecedented rate. The government bond market, where rates are falling sharply, is behaving very strangely,” he said in an interview with CNBC.
Tice has earned the reputation of being a bearish investor on bullish cycles. Thus, he sold his "bear" fund Prudent Bear Fund during the 2008 crisis. Now the financier is confident of the inevitability of a collapse in markets, although he acknowledges that accurately predicting the moment of the next major pullback is very difficult. He urges investors to weigh the risks as, in an attempt to earn 3-5% in the short term, they are threatening themselves with a 40% pullback. Especially, he believes, this is true for stocks of big tech companies such as Facebook, Apple, Amazon, Netflix and Alphabet.
The cryptocurrency investment is described by Tice as “very dangerous.” “We had a position on bitcoin when it was worth $10,000,” the investor admitted. - Nevertheless, when it went up to $60,000, we decided that this rate has outlived itself. Concerns from central banks and the Bank for International Settlements have grown strongly lately, with all of them giving strong negative comments. I think it's very dangerous to hold bitcoin today."
Tice himself is now betting on the rise in the price of precious metals and shares of companies from the mining sector.

- A crowdfunding campaign for a documentary about cryptocurrency Ethereum and its co-founder Vitalik Buterin raised $1,900,000 on the Mirror platform in just three days. The goal was to raise an amount of 750 ETH (about $1.37 million at the time of writing). However, 662 users donated 1,036 coins. The most generous of them will be credited. The film titled “Ethereum: The Infinite Garden,” is scheduled to premiere in winter 2023. Optimist studio is working on it.

- More than 200 people from about 20 countries have lost about $70 million due to scams related to the OEN cryptocurrency. According to The Standard, the scammers, posing as attractive Chinese women on dating sites, urged their fans to invest in this cryptocurrency through the Bitfex.pro and Bitfex.vip exchanges, which are currently no longer working.
The "girls", who were very difficult to refuse, deprived some especially gullible clients of almost all their funds. So, one client in love lost $100,900, and after he ran out of money, the "beauty" broke off relations with him.
Given that the IP addresses of the sites changed each time, the Hong Kong police admitted that the investigation was at an impasse, as the cybercriminals left no leads.

- According to data from BitinFoCharts, one of the bitcoin megakits controls about 144,000 coins in 18 wallets, each containing exactly 8,000 BTC. The total value of the coins is currently more than $4.3 billion. It bought a further 29,880 BTC for about $950 million last weekend of July 16-18, making it clear that big players continue to accumulate during the fall in the price of the main cryptocurrency.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Jul 14, 2021 8:18 pm
CryptoNews of the Week

[You must be registered and logged in to see this image.]

- Increased regulatory oversight could benefit the cryptocurrency industry, said Jihan Wu, billionaire and co-founder of Bitmain. In his view, regulation “cuts out attackers” and improves the industry's reputation in a rapid growth environment.
He also suggested that more active interaction of representatives of the cryptocurrency industry with the authorities could bring positive results as well. The billionaire cited Singapore, where one of his companies is based, as an example. According to Wu, the government of this country is taking a “reasonable” stance on digital assets, allowing Singapore to become a “hub for crypto innovation”.

- Bitcoin ransomware received more than $33 million in cryptocurrency in 2021, according to Ransomwhere data. 2This cybersecurity-focused service collects ransomware attacks and tracks payments from affected users to ransomware. 
According to Ransomwhere, REvil (Sodinokibi) from the eponymous hacker group has become the largest ransomware in 2021. Its victims paid the extortionists over $11.3 million. In second place is Netwalker (Mailto), whose developers have received more than $5.7 million. The amount of cumulative damage could grow significantly if the REvil group receives the $70 million they demanded from victims in early July.

- Galaxy Digital cryptobank founder Mike Novogratz said in a commentary on CNBC that the US cryptocurrency community has taken a leading position in the bear market, whose origins lie in Asia. “We see Asia selling it [bitcoin] and the US buying it back. China has declared war on the crypto industry as part of the broader Cold War we are getting into."
Earlier, Novogratz called the exodus of miners from China a “big plus,” and said that the PRC's repressive policies would not prevent the development of the crypto industry.

- Albany Engineering Corp's hydroelectric plant, located in New York, USA, provides a profit margin on bitcoin mining three times higher than on the sale of energy. The hydroelectric power station was built in 1897, almost 125 years ago, and it is one of the oldest operating renewable energy facilities.
According to the top managers of the plant, a years-long litigation with the distribution network regarding tariffs has forced the company to consider alternative sources of revenue. True, the management doubts the long-term potential of the cryptocurrency, so translates coins into dollars immediately as they come in.

- As a result of an operation carried out by the New Zealand police, attackers... stole $45,000 worth of cryptocurrency from its bitcoin wallet. According to the New Zealand Herald, law enforcement officers conducted an online investigation into money laundering but fell victim to cyber scams themselves as a result.
The cryptocurrency was acquired in 2020 and was intended for “controlled purchasing”. But something went wrong, and the police lost control over the course of this special operation. Two internal investigations have been conducted into the theft, but no breaches of standard procedures have been identified. 

- Legendary investor Bill Miller, in an interview with Market Insider, called bitcoin the best asset for protecting against inflation. The main cryptocurrency emerged in response to the 2008 crisis to be free from government control and manipulation, Miller explained. Also, the investor agrees with the view that bitcoin is digital gold because it is more convenient to use than any precious metal. As for the high volatility of digital assets, Miller believes this is the price that needs to be paid for the benefits. 
Bill Miller's Miller Value Partners fund became one of the best in hedge fund history in 2019, with a return of 119%. The investor started purchasing bitcoins a few years ago, when they cost $300 per coin. Much of the fund's capital was earned from the growth in the value of the first cryptocurrency.

- On July 12, two transactions were recorded to transfer 740 bitcoins, which were motionless on the wallet of a certain holder since May 2012. It was reported by analytical service Whale Alert. Nine years ago, the value of these coins was $3.7k. (at $5 per BTC), and $26.1 million at the time of the transaction. That is, the value of digital coins has increased 7000 times over 9 years.
A similar move was recorded in February 2021. Then a large bitcoin holder transferred 100 coins to other addresses, which had been in his wallet without moving since June 2010. Their total cost was only about $8, and it reached $5 million at the time of the transaction: the price increased 622,000 times over 11 years.

- Bitcoin is ready for a major price movement, says analyst Will Clemente. He published a chart in his Twitter (136 thousand subscribers) with an indicator, which speaks of a possible imminent exit of the price of the first cryptocurrency from a narrow range.
As to the direction of the bitcoin rate, Clemente wrote that he was optimistic. According to the analyst, the market is now in the accumulation stage, and large players continue to actively buy the first cryptocurrency. "Whale" stocks increased by 65,429 BTC just last week. According to Clemente, there may be a shortage of supply of the main cryptocurrency in the near future, since large players often acquire assets for long-term purposes.
Clemente also stressed that the growth in the number of cryptocurrency users continues. Whereas their number usually decreases after the peak in prices. And this is also an argument in favor of the upcoming growth of BTC.

- Apple co-founder Steve Wozniak called bitcoin "the most amazing mathematical miracle," according to El Sol de Mexico. He also believes that the flagship cryptocurrency is more expensive than gold, since its emission is limited.
Wozniak has been a staunch supporter of bitcoin for years. He even stated in June 2018 that he sees BTC as the single world currency and believes in its longevity. However, the 70-year-old tech entrepreneur himself does not personally invest in bitcoin, and launched his own crypto project called Efforce a few months ago.

- Bitcoin has reached a level where it can resume the rally. This opinion is shared by Bloomberg analyst Mike McGlone. According to him, the cryptocurrency is ready to resume growth towards $100,000. "Bitcoin is poised to return to a bullish trend in the second half of the year, and crude oil is ready to resume a bearish trend," McGlone wrote on Twitter.
The expert is confident that the growth of the cryptocurrency will "have serious macroeconomic consequences" this time. It is worth noting, however, that this is not the first time McGlone predicts a sharp rise in digital assets. For example, he announced in early February that the volatility of bitcoin can increase the gap between its price and gold "hundreds of times."

- According to Reuters, the Ulsan National Institute of Science and Technology (South Korea) uses... faeces to generate electricity. Students are paid Ggool digital currency for each toilet visit.
One of the professors of the institute developed an environmentally friendly toilet BeeVi. It is connected to a laboratory that uses excreta to produce biogas. According to the scientist's calculations, a person produces about 500 grams of feces every day, which can be converted into 50 liters of methane. This amount of gas generates 0.5 kW of electricity, which is equal to the cost of a car to cover a distance of 1.2 km.
The science Initiative brings students up to 10 Ggool per day. The coin is accepted as payment in shops on campus. And the energy produced with the help of students powers a number of devices on the territory of the institute, including a boiler.

- British IT engineer James Howells threw a 7.5K BTC hard drive into the trash eight years ago, messing it up with another device. He then asked local authorities for permission to excavate a local dump to find his property, but was refused. Now Howells came up with a new search plan.
According to his calculations, he will need at least 12 months for the operation. This will be a "large-scale search," the engineer claims, which will not use "buckets and shovels" but the most modern technology. “We have a system with multiple conveyor belts, X-ray scanners and artificial intelligence that is trained to recognize objects that are similar in size and density to a hard drive,” Howells explained.
All of this will require a lot of financial investment, but one of the hedge funds has promised to cover all equipment costs in exchange for a share of bitcoins that can be found in the landfill. It is expected that the researchers will have to sort through 300-400 thousand tons of waste. The cost of 7,500 BTC is about $246,000,000 at the time of this writing.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Thu Jul 08, 2021 9:40 am
CryptoNews of the Week

[You must be registered and logged in to see this image.]

- CNBC conducted a Wall Street survey of nearly 100 investment directors, financial strategists and portfolio managers. 44% of them believe that bitcoin will close 2021 with a price below $30,000. 25% of respondents believe that the rate of the first cryptocurrency at that time will reach $40,000. A similar proportion of respondents chose the $50,000 level, with only 6% predicting a rise to $60,000.
Discussing the results, the channel's hosts agreed with the short-term outlook in general, noting that even $30,000 for the end of the year would alleviate many of the concerns of market participants by setting a long-term bottom.

- More than a thousand companies were affected by the cyberattack on the American software developer Kaseya. The operators of the REvil ransomware virus, who are being linked to Russia, are allegedly behind the hack. The company initially said that only a small group of its customers were affected by the hackers' actions, but the scale of those affected by the attack was increasing as the investigation progressed.
Cybersecurity experts assumed immediately that the hacker group REvil was behind the attack. Huntress Labs later discovered a $70 million ransom demand in bitcoin on a darknet hacker site for decrypting the files of all victims.
REvil (also known as Sodinokibi) is often associated with Russia due to the fact that they do not attack Russian organizations or enterprises in the countries of the former USSR and often publish messages in Russian.

- JP Morgan Bank analyst Nikolaos Panigirtzoglou said in an interview with CNBC that investors have begun to shift funds from other digital assets to bitcoin over the past few weeks. This reversed the trend that began in April, when there was a large inflow of funds into altcoins. "The flow of funds, even to Ethereum, has noticeably decreased over the past two to three weeks, while the outflow of funds from bitcoins has slowed down." This could mean that the bear market for bitcoin is likely coming to an end.
JP Morgan believes that the value of bitcoin itself is more important for institutional investors than its volatility. And further integration of the world of institutional companies into bitcoin will lead to a “normalization” of cryptocurrency No.1 volatility, according to Panigirtsoglou.

- The Crypto Head cryptocurrency platform rated the United States as the country most prepared for the massive introduction of digital assets. When compiling a ranking of 76 countries, the platform's specialists took into account: number of thematic Google searches, number of cryptocurrency ATMs installed, the level of legalization of cryptocurrencies by tax and financial laws.
The USA received a score of 7.13 points out of possible 10. Cyprus and Singapore are next in the ranking with 6.47 and 6.3 respectively. Rounding out the top five are Hong Kong and the United Kingdom.

- Brazil's Federal Police liquidated Bitcoin Banco Group, whose damage for 7,000 citizens exceeded $300 million. Its leader, Claudio Oliveira, known as the "King of Bitcoin", has been arrested.
During the 2017 bull market, the Bitcoin Banco Group promised clients “incredible profits”. In late 2019, the firm reported the disappearance of 7000 BTC and filed for court recovery. This document involves signing an agreement with the authorities to reorganize activities to avoid bankruptcy. However, the investigation, which lasted three years, revealed that employees of the organization had been systematically transferring client funds into Oliveira's personal accounts.

- Bitcoin.org, a popular information resource, allegedly created by Satoshi Nakamoto himself, underwent an "absolutely massive DDoS attack." The hackers who attacked the site are known to have demanded a ransom in bitcoins. Now Bitcoin.org is already operating normally. However, it is not known how the site operator reacted to the blackmail, or whether it paid the ransom to cyber criminals.

- Popular cryptanalyst PlanB (609,000 subscribers) outlined the worst scenario of the main cryptocurrency movement. Using a stock-to-flow ratio (S2F) model, he concluded that the next six months would either prove that the model worked for bitcoin, or it would prove it useless.
S2F has traditionally been applied to commodities such as gold and silver. PlanB used it to predict if bitcoin could surpass the $288,000 level. And now he has reported that BTC's bearish price move defies his calculations. According to PlanB, the worst-case scenario for bitcoin in July is closing the month at $28,000. In August, this is where the worst-case closing scenario could be $47,000. According to him, the next six months will determine whether or not BTC will actually hit the six-digit range by the end of the bull race.

- Morning Brew invited subscribers to share professional fears via Twitter. The answers had to be only four words. "Elon Musk tweeted something," - this is the fear of crypto investors, described by manager Devin Marty, hinting that the statements of the billionaire have a strong impact on the quotes of digital assets. These four words have received the most likes. At the same time, some users felt that if messages on Twitter increase the volatility of an asset, then this asset cannot be considered "serious".
The fact that Elon Musk's remarks can move the market is confirmed by a survey conducted by Investing.com. According to its results, one in five respondents who sold bitcoin in May 2021 associated this decision with Musk's criticism of the cryptocurrency.

- US Senator Cynthia Lummis wants Americans to use cryptocurrency to diversify their retirement savings. Ms. Legislator is concerned about 100%-dollar retirement plans and encourages people to use bitcoins to avoid "keeping all their eggs in one basket." Cynthia Lummis herself now has about 5 BTC and when she bought the cryptocurrency for the first time, the price was $330.
The senator suggested that US pension funds also diversify their long-term portfolios with bitcoin, calling it a "good store of value." Although she personally prefers BTC, she believes that Ethereum is also a promising project.

- A number of analysts have interpreted the current situation in the bitcoin market as a phase of accumulation according to the Wyckoff method, which means that the current low of $28,800 is the minimum of the correction (“Spring”), and a stepwise increase should be expected in the future.
Wyckoff's scheme will be confirmed if bitcoin fixes above the $36,000 resistance. In addition, some experts attach particular importance to overcoming the downtrend of the Relative Strength Index (RSI) on the daily chart.
Michael van de Poppe, trader of the Amsterdam Stock Exchange, also praised the developments in the crypto market. He noted that the consolidation continues and urged traders to be patient and wait for a breakout from the current price range. It is quite obvious that the famous trader expects a break up.

- Michael Novogratz, founder of the Galaxy Digital cryptocurrency bank, believes in the potential of Ethereum. He stated in a recent interview that this altcoin is capable of overshadowing bitcoin. Although BTC has become popular as a store of value, the ETH platform has the potential to become the foundation for the upcoming Web 3.0. However, there is one issue: Ethereum is facing stiff competition from Solana, Terra and other ecosystems in this direction.
As for the clients of his own bank, Novogratz sees that there is no real worries about the collapse of the crypto industry, as investors understand that changes in the financial world are just beginning.

- Insiders are reporting that the George Soros Foundation, formerly known as the adversary of cryptocurrencies, will enter this market. New York Digital Investment Group (NYDIG), the billionaire-sponsored institutional investor platform, has previously announced it is opening up access to cryptocurrency to clients of hundreds of US banks. And now the media, citing two insider sources, are spreading information that Dawn Fitzpatrick, the investment director of Soros Fund Management, after studying the market, allowed managers to trade cryptocurrency. Fitzpatrick's team also intends to invest in companies working with blockchain technology. However, there has been no official statement on this matter yet.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Jun 30, 2021 7:06 pm
CryptoNews of the Week

[You must be registered and logged in to see this image.]

- "The cryptocurrency market is not yet completely healthy, however, the healing process has already begun." This conclusion was reached by JPMorgan analysts in their new report, Bloomberg writes. Although bitcoin is still far from highs, cryptocurrencies are gradually recovering from the collapse.
For example, the lack of activity in the bitcoin futures market was described by JPMorgan strategists as a “positive factor.” However, the short-term outlook, in their opinion, is "extremely difficult." Analysts also believe that there are still "submarine positions" in the market, that the market should get rid of. However, it is unclear from the report what level bitcoin should reach for full “healing.”

- Former CEO of Gyft and co-founder of the Civic project, Vinnie Lingham, was once nicknamed the "oracle" because he was able to predict the future value of the oldest cryptocurrency.
Lingham's predictions for BTC are not always optimistic, and his calls are traditionally more conservative than those of people with fantastic ideas. However, like many others, he believes there is a possibility that BTC could hit six figures as early as this year. Oracle wrote in his Twitter account that if the price continues to hold at $30,000, then we will probably see bitcoin at $100,000 by the end of the year.

- Owners of small hydropower plants in China are forced to sell equipment due to government restrictive measures against bitcoin miners. These are small hydroelectric power plants generating about 50 MW, some of which are located in the Sichuan province. Local authorities demanded a halt to the activities of “key” miners until June 20 and banned energy companies from supplying power to them.

- The President of Kazakhstan Kassym-Jomart Tokayev signed a law providing for the introduction of additional mining fees. The National Association of Blockchain and Data Center Industry of Kazakhstan said the decision will “very negatively affect the investment attractiveness of the industry.” According to the president of the association, miners from China, who see Kazakhstan as a possible jurisdiction for migration, are also “embarrassed by this initiative.”
As for the authorities, they see no “critical consequences” from the adoption of the law. In their view, the introduction of an additional electricity charge when mining cryptocurrencies will allow "to bring out of the shadow those miners who are now in the grey zone." 

- Former Cramer & Co hedge fund manager and host of the Mad Money show on CNBC Jim Cramer cut his positions at Ethereum in May, after the coin hit the historic high at $4,350. And now he has again increased his savings in the second most capitalized cryptocurrency. Surprisingly, it was the positive dynamics of... bitcoin that pushed him to buy Ethereum. “I went back to Ethereum because bitcoin held above $30,000,” he claimed. And he added, "I love Ethereum because people are really using it a lot more."

- Billionaire Ricardo Salinas Pliego, who is one of the top three richest people in Mexico according to Forbes, said that when choosing an asset for the next 30 years, “would I never choose the stinking fiat”, and preferred bitcoin.
“Fiat is a fraud,” Pliego stated. “See: I started my career in 1981. The Mexican peso was then quoted against the dollar at a rate of 20 to 1. But after 10 years, the rate became 20,000 to 1. And that's just in Mexico. But look at Venezuela, Argentina or Zimbabwe. The numbers have grown so much that this has led to a violation of all proportions. Therefore, no pesos, no paper money!"
Salinas believes that bitcoin should be part of every investor's portfolio. 'It's an asset that has international value and is trading with incredible liquidity globally. That's enough for it to be part of every portfolio, period." 
The key advantage of bitcoin, according to the billionaire, is its limited emission. For the same reason, he does not believe in Ethereum, explaining that unlimited emission leads to the depreciation of existing assets.

- One of the markets where the competition between bitcoin and gold is most pronounced is India - a country where people used to traditionally invest in the precious metal. It is believed that Indian households own more than 25,000 tons of gold, although bitcoin has recently entered the country as well. According to the analytical service Chainalysis, investments in cryptocurrency in the country have grown from about $200 million to almost $40 billion in the last year alone, which means an increase of 20,000%. This is despite numerous efforts by the country's government and central bank to prevent, if not totally ban, investment in cryptocurrencies.
There are now more than 15 million crypto investors in the country, which is less than 23 million in the US, but more than 2.3 million in the UK. However, for a country with a population of over 1.3 billion people, the share of those involved in cryptocurrency transactions is still very low: 1.15%.
Of the 15 million named, the largest proportion are millennials under 35, who are less attracted to gold than previous generations, according to the World Gold Council. 

- Veteran of the crypto market and one of the largest BTC holders, 41-year-old Mircea Popescu died in Costa Rica. He was also known as a blogger and self-proclaimed "greatest erotic writer in the world."
According to local media reports, Popescu was carried off by a current near the Tramonto Hotel when he went to swim in a prohibited place. His body was found on the beach on the morning of June 23. A medical team arrived at the scene, but resuscitation measures did not bring results. 
Remembering Popescu, members of the crypto community call him "the evil genius of bitcoin maximalism", "the father of toxicity around bitcoin" and "sleeping giant". He was one of bitcoin's most conservative supporters and objected to any changes to the cryptocurrency protocol. “The guy had enough bitcoins to do whatever he wanted in life. Popescu could drop bitcoin almost to zero at one moment and hold the price for some time. He aroused little sympathy but laid the foundations for what we have today."
Some believe that by naming 1 million coins, Popescu exaggerated the number of bitcoins at his disposal. The real figure could be between 50,000 and 300,000 BTC. However, it made him one of the largest cryptocurrency holders in the world. Now this huge number of bitcoins has disappeared, apparently forever.

- Paraguay could become the next country after El Salvador to recognize bitcoin as legal tender. The corresponding bill will be presented in the country's parliament on July 14. According to a representative of the Congress, the initiative has already found support among "a number of very important enterprises in Paraguay."
On June 22, Paraguay's Universidad Americana University announced that it will accept Bitcoin, Ethereum and Ripple as tuition fees from August 2021.

- Jason Urban, Co-Head of Trading at Galaxy Digital, noted that negative news should exhaust itself by autumn, and bitcoin will continue its upward movement. He believes quotes could reach $70,000 by the end of this year. “We will soon see an update to the historical high,” he declared.
Urban believes that many institutional investors have not yet entered the crypto market due to regulatory uncertainty, however, they will sooner or later, creating an increased demand for BTC.

- Sam Trabucco, a trader at Alameda Research, also believes that the bitcoin market is already preparing for an upswing. In his opinion, a few negative news that have been released recently have no fundamental value and is only aimed at creating short-term negative sentiments.
Trabucco writes that negative news from China, Elon Musk's concerns about the environmental friendliness of bitcoin and the likely insolvency of MicroStrategy associated with the fall in BTC are causing an overly negative reaction. Previously, the price reacted in the same way to the Tesla purchase for BTC and Musk's optimistic messages. “But none of this news in any way affects the value of bitcoin and how people should evaluate it in the medium term,” the expert said.
Trabucco also added that it was all exacerbated by a bloated derivatives market and massive liquidations of positions. “No one wanted to sell at $30,000, however many were forced to do so. This means that the $30,000 price should be taken as a buy signal,” he said.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Thu Jun 24, 2021 9:27 am
CryptoNews of the Week

[You must be registered and logged in to see this image.]

- Sotheby's auction house, founded in 1744, will auction a rare diamond in Hong Kong. The lot has been estimated at $10-$15 million. The bets are planned to be accepted in the traditional currency, bitcoins or Ethereum. Bidding will start on July 9. Before that, the 101.38-carat pear-shaped diamond will be exhibited at Sotheby's Gallery in Hong Kong.
“This is truly a symbolic moment,” the auction house said in a statement. “The most ancient and symbolic value denominator can be purchased for the first time with the latest universal currency of humanity.”

- According to Reuters, China's authorities have once again caused panic in the cryptocurrency market. The People's Bank of China has reportedly urged banks to immediately close payment gateways for customers who trade in digital assets. The crypto market reacted immediately to this news with a drop to $1.164 trillion. Thus, in just seven days, from June 15 to 22, the market has shrunk by more than 33%.
Along with the fall of the crypto market, the hash rate of the bitcoin network also falls. At the time of writing, it has shrunk to 91 exahash per sec. Note that the last time the network recorded such values was back in November 2020. However, according to a number of experts, this reduction in the hash rate may be due to the relocation of miners from China to other countries.

- Amid the Chinese government's crackdown on the crypto industry, a logistics company in Guangzhou announced it was transporting a large batch of bitcoin mining equipment to the United States. According to CNBC, the cargo weighing 3,000 kg will be delivered to Maryland by air. 
Earlier, Miami Mayor Francis Suarez talked about plans to attract Chinese miners to the city, giving them access to nuclear energy. He stressed that he had not received specific proposals, but he was sure that cheap electricity would be of interest to industry representatives.

- Michael Burry, an investor and founder of hedge fund Scion Capital, who predicted the 2007 mortgage crisis, warned subscribers about the collapse of the cryptocurrency market. However, then this tweet was deleted. "All the hype and speculation is just attracting retail traders before the mother of all the crashes. Parabolic [uptrends] will not pass. [...] History has not changed,” Burry wrote.
The investor also noted that the problem of the digital asset market lies in too much leverage. “If you don’t know how much leverage is in cryptocurrencies, you don’t know anything about cryptocurrencies,” he stressed.
Burry had earlier warned that the market had inflated "the biggest bubble in history." In his post, he used the hashtag FlyingPigs360, which, according to Business Insider, may be a reference to the adage about investment: "Bulls make money, bears make money, but pigs get slaughtered." 

- Bestselling author of Rich Dad Poor Dad and entrepreneur Robert Kiyosaki has also predicted the collapse of the crypto market. “The biggest bubble in world history is getting bigger. The biggest crash in world history is approaching. Buy more gold and silver. Expect bitcoin to drop to $24,000,” he wrote.
Recall that in 2020, Kiyosaki advised buying the first cryptocurrency until its price exceeded $20,000 and predicted the growth of the asset to $50,000.

- Business intelligence and software provider MicroStrategy has done it again: it has bought over 13,000 bitcoins. Michael Saylor's firm is now the largest corporate investor in digital assets. It owns 105,085 BTC, which is 0.5% of all bitcoins that ever existed and 0.56% of all tokens currently in circulation.
The company made the purchase after it raised $500 million through the placement of high-priority securities. As Saylor wrote on Twitter, 13,005 coins were bought for just under $500 million at an average price of $37,617. In total, the businessman has invested over $2.7 billion in bitcoins, and the average purchase price was $26,080, which allows the company to remain in the black for now.
Note that on the back of the latest drop in the crypto market, MicroStrategy shares are down 7.8%.

- Popular analyst PlanB has described a potentially bearish scenario for bitcoin this year. As usual, he relies on a stock-to-flow ratio (S2F) model. PlanB emphasizes that the current price pattern is consistent with a bearish scenario, however he is confident that bitcoin will hit its all-time high by October. And the price will reach $135,000 by the end of the year.
“Bitcoin fell below $34,000 due to Elon Musk's tweet about the unsustainability of bitcoin, as well as due to the panic caused by the Chinese repression against miners,” he tweeted. “However, there are more fundamental reasons for the June decline. Perhaps they will spread to July. My worst-case scenario for 2021 (based on on-chain analysis): August> $47,000, September> $43,000, October> $63,000, November> $98,000, December> $135,000." The most optimistic scenario assumes an increase in BTC to $450,000.

- Russian billionaire co-owner of the aluminum giant En+ Group Oleg Deripaska accused the Bank of Russia of tight regulation of digital assets. In his opinion, the central bank discourages citizens from getting involved in cryptocurrencies like bitcoin. He suggested that the country should add the main cryptocurrency as a means of payment.
In addition, the oligarch pointed to the need for Russia to effectively conclude business deals with the rest of the world and called on the central bank to adopt "a real financial instrument that ensures independence in foreign trade settlements." “Even poor El Salvador realized the need for digital currencies and took the simple path of accepting bitcoin as a means of payment,” Deripaska said.

- Former Cramer & Co hedge fund manager and host of CNBC's Mad Money show Jim Cramer sold most of his bitcoins following news of China's mining restrictions. Cramer said there were structural problems in digital gold and predicted a further decline in its price. "When China pursues something, they tend to bring the matter to an end. This is not a democracy. This is a dictatorship. I think they see bitcoin as a direct threat to the regime because of what it is - the system is beyond their control.”
Cramer also said that a decrease in the rate of mined coins could have a positive effect on the rate of the first cryptocurrency, but this did not happen. “When mining is limited, bitcoin obviously has to go up, unless holders are going out all over the place,” he explained.
The Mad Money presenter added that the drop in Bitcoin to $30,000 could be an entry point for new investors. However, the presenter himself does not intend to buy cryptocurrency.

- The founder of the Point72 Asset Management Fund Steve Cohen, unlike Jim Cramer, on the contrary, reformatted completely to cryptocurrency. Cohen, whose net worth is estimated at $14 billion, said that he does not care about the current price of bitcoin, as he is still an early investor:
“Now I definitely won't miss anything. I missed the first part, but I still feel that I got involved quite early,” says the billionaire.

- IOHK CEO, Cardano founder and Ethereum co-founder Charles Hoskinson has no doubts that ETH will beat BTC. 
“The problem with bitcoin is that it's too slow - it's like programming for mainframes of the past, compared to building applications now. The only reason bitcoin still exists is because there is a huge amount of money invested in its support. " “Bitcoin is our worst enemy. It has a huge network, a well-known name and the support of regulators. But you cannot change its system, even if you fix the most problematic places, ” - said Hoskinson. He also commented on the bitcoin community, calling it "too ossified" and reluctant to innovate.

- Tesla founder Elon Musk should better study the mining of the first cryptocurrency, since in reality it is much more environmentally friendly than is commonly thought. “I don’t know how long Elon has been studying mining, but I hope he does a little more research on this topic,” said Kraken CEO Jesse Powell in an interview with Bloomberg. He acknowledged that there may be greener alternatives to bitcoin. But, in his opinion, people overestimate the harm of cryptocurrency to the environment.
Mining digital gold allows a lot of excess and wasted energy to be utilized, and also contributes to the development of the renewable energy sector, Powell said.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Jun 16, 2021 6:28 pm
CryptoNews of the Week

[You must be registered and logged in to see this image.]

- According to Coingecko, bitcoin is up 12% on the back of another tweet by Elon Musk. Tesla's owner said the company will resume selling electric cars for BTC when at least half of the miners switch to renewable energy.
The tweet was a response to criticism from Magda Wierzycka, the head of Sygnia finance company. She said in the podcast The Money Show the Tesla founder was manipulating the price of the first cryptocurrency. In her view, the billionaire raised the price of digital gold deliberately and eliminated much of his position at highs. Sygnia's CEO emphasized that if Musk's tweets were about any public company, he would have already been targeted by the US Securities and Exchange Commission.
Musk called the words of the head of Sygnia inaccurate and recalled that the electric car manufacturer sold only 10% of its bitcoins to test the liquidity of the market.

- Venture capitalist and billionaire Tim Draper predicted in 2018 the growth of the first cryptocurrency to $250,000 by 2022 and called the blockchain one of the most outstanding inventions in human history. And he has confirmed his forecast now, albeit with some timing prolongation. Bitcoin will hit the $250,000 mark by the end of 2022 or early 2023, according to his latest statement, despite the sharp price fluctuations.
The reasons for the growth, which the billionaire named, are still the same: the limited emission of coins and the growing demand for digital gold. “Give it [bitcoin] about a year and a half and all retailers will use OpenNode,” the investor said. As a reminder, OpenNode is a bitcoin payment processor created by a group of enthusiasts, in the development of which Tim Draper invested $1.25 mln.

- Tunisian Finance Minister Ali Kuli announced the need to change the country's legislation to “decriminalize” ownership of the first cryptocurrency. He said the occasion was reports of the arrest of a 17-year-old for using digital assets.
Local media reported in May that Tunisian law enforcement had allegedly accused the young man of money laundering. The incident sparked outrage in the cryptocurrency community: some of its participants expressed dissatisfaction with the lack of clarity in the regulation of the industry.

- Tudor Investment hedge fund trader and founder Paul Tudor Jones said in an interview with CNBC that he would channel 5% of his capital into bitcoin. He is convinced that the first cryptocurrency contributes to the diversification of the investment portfolio through “embedded mathematics.”
The billionaire currently reserves 5% each for gold, bitcoin, exchange contracts and cash. It will determine the scenario for placing the remaining 80% funds after analyzing the outcome of the June 16 meeting of the US Fed. The investor hinted that he could increase the share of "inflationary" instruments if the monetary authorities ignore the recent surge in consumer prices. In his view, it was of a “very significant” character.
“For me, the first cryptocurrency is just a way to look fundamentally at how I protect my wealth over time. This is a great opportunity for diversification, for preserving capital, the billionaire explained. "If they [the Fed] say, "We are on the trajectory [of a temporary increase in inflation], everything is fine," then I’ll go all-in.” 

- El Salvador's President Nayib Bukele proposed a "bitcoin law" to parliament last week. Cryptocurrency is recognized as legal tender and companies are required to accept BTC as payment, unless they are located in rural areas with no internet access. In addition, bitcoin trading is exempt from capital gains taxes.
And now Bukele has come up with another initiative. He instructed the head of state-owned electricity company LaGeo to develop a plan to mine Bitcoin using volcanic energy. “Very cheap, 100% clean, 100% renewable energy with zero emissions. We will try to get things done quickly,” the head of state wrote on Twitter.
There are over 20 volcanoes in El Salvador, some of which are active. LaGeo is now using volcanoes to generate geothermal energy. And, for example, Genesis Mining in Iceland uses underground heat to generate electricity. 

- According to the regular Millionaire Survey, 47% of wealthy millennials in the USA buy crypto assets. At the same time, 35% of them hold more than half of their investment portfolio in digital assets.
Millennials have shown greater interest in cryptocurrencies than owners of large fortunes overall. Those were only about 17%. Moreover, only every tenth of them invested more than 10% of their capital in digital assets.

- Banks in Texas (USA) have been authorized to accept and store customers' bitcoins, as well as handle their cryptocurrency transactions. Lending organizations also received the rights from the state authorities to collaborate with startups developing various services for digital assets.
It should be noted that of all American states, Texas was one of the first, as early as 2019, to move on the path to legislate this market. 

- The Netherlands should immediately impose a blanket ban on mining and bitcoin operations, Pieter Hasekamp, director of the Economic Analysis Bureau at the country's Ministry of Economy, said.
The official listed a number of reasons why the authorities need to recognize the first cryptocurrency as illegal. In his view, digital gold has no intrinsic value, and the coin itself does not perform any of the three functions of money: the unit of accounting, the means of payment and the means of accumulation.
Hasekamp mentioned security issues, fraud risks and added that digital assets are used in criminal activities. At the same time, he considers the collapse of the crypto market inevitable.

- According to the New Indian Express, India's hostile stance on bitcoin is changing to a more loyal one. The authorities now intend not to ban but regulate the crypto sphere. India wants to create an alternative asset class that will include digital currencies. The regulatory framework will be created by the Securities and Exchange Council in partnership with the Ministry of Finance.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Jun 09, 2021 4:45 pm
CryptoNews of the Week

[You must be registered and logged in to see this image.]

- Tesla and SpaceX owner Elon Musk received a video allegedly from the Anonymous hacker group. It says that his tweets regarding cryptocurrency ruined the lives of ordinary working people, their dreams collapsed due to Musk's public tantrums.
The man in the video, in the group's familiar Guy Fawkes mask, changed his voice and called the billionaire a Bond villain who pretends to be a visionary, but in fact is a narcissistic rich man desperately in need of attention.
The video indicates that Musk abandoned bitcoin only because he feared Tesla would lose subsidies from the state. And the hackers called Musk's recent initiative to create a Council of Bitcoin Miners an attempt to take control of the industry.
The video, which has already garnered about 2 million views, ends with a challenge: “You consider yourself the smartest, but this time you will play against an equal opponent. We are Anonymous! We are legion! Wait for us".

- Goldman Sachs bank experts have downgraded the "rating" of bitcoin from "gold" to "copper". According to them, it is still difficult to put the main coin on a par with gold, since it does not have such a powerful support as this precious metal. Commodities expert Jeff Curry explained that the volatility of the main coin is very similar in nature to the price swings of copper in the global market.
Previously, a similar point of view was voiced by JPMorgan experts. According to them, the main cryptocurrency is a cyclical commodity, and therefore cannot compete with precious metals or fiat. Investment companies are well aware of this, which is why they have portfolios that only consist of a few percent of bitcoin and other digital assets.

- The opposite point of view to bankers was expressed by the CEO of the crypto exchange Gemini and bitcoin billionaire Tyler Winklevoss. He believes that bitcoin is still in its early stages of development. “Bitcoin is Gold 2.0,” Winklevoss said, “and its market cap should be over $10 trillion, just like gold. It is currently at the level of $1 trillion, that is, growth may be at least 10 times more. "
In his opinion, even a rate of about $35,000 is an excellent opportunity to enter a long-term investment. With a capitalization of $10 trillion, 1 BTC will be worth $500,000, and this may happen within the current decade, or maybe within the next 5 years.
“We will hodl to at least $500,000, and even then, we will not have to sell the asset, because it can be lent, used as collateral, etc.,” the billionaire added. And then he flew into space in his fantasies, claiming that bitcoin could be used for transactions between planets in the future: “Bitcoin is a project that continues to evolve and can achieve much more. It could become the global reserve digital currency of the world or even several planets when we get to Mars. "

- The MIT students who participated in the bitcoin research spent the cryptocurrency they had been given on textbooks and food. As Bloomberg calculated, they missed ... 13,000% of their profits.
In 2014, Bitcoin Core developer Jeremy Rubin and Nascent co-founder Dan Elitzer, while students at the university, launched the MIT Bitcoin Project. Each project participant received $100 in the first cryptocurrency (0.3 BTC at the exchange rate at that time) in order to create an ecosystem of digital currencies on campus.
More than 3,100 students joined the study. Every tenth student got rid of cryptocurrency in the first two weeks, and by mid-2017, every fourth student had converted it to fiat and used it for purchases and other expenses. The participants in the experiment spent digital gold mainly in the campus bookstore. They also bought beer and ordered food.
The rest kept the coins in their wallets, expecting further growth in their value. One of the project participants said that she wanted to spend bitcoins on a T-shirt that cost $35, but abandoned her idea, and did the right thing: the price of these coins exceeds $4,000 now.

- Billionaire Mark Lasry, founder of Avenue Capital Management, said bitcoin's explosive growth in 2021 has exceeded his expectations. He also expressed regret that he had not invested enough in the first cryptocurrency.
Commenting on his previous forecast regarding the rise in the price of the coin to $40,000, the investor noted that the cryptocurrency market has already formed, and nothing threatens it. “If a market is created, it does not disappear anywhere. For this reason, I became interested in bitcoin. I thought that with the arrival of institutional investors, the price would start to rise,” he added.
At the same time, Lasry stressed that any movement of digital gold can be explained: “To be honest, I do not know where bitcoin is going. I can justify why it will rise to $100,000, but I can also justify why it will fall to $20,000."

- Analytical software provider MicroStrategy Inc. announced a $400 million convertible bond offering maturing in 2028. Accredited investors will become buyers of securities. The company will use the funds raised from the placement to buy bitcoins.
According to Bitcoin Treasuries, MicroStrategy currently owns 92,079 BTC worth over $3.37 billion so far.

- Against the background of the market correction, bitcoin whales have increased their positions, and large Ethereum wallets continue to hold assets. Analysts of Santiment came to such conclusions.
According to the company, the number of bitcoin addresses with balances from 100 BTC to 10,000 BTC has been growing steadily for two and a half weeks. “It seems that whales are buying confidently on the fall,” the experts concluded.
As for the addresses holding 1,000-100,000 ETH, their number practically does not change during the period when the asset fluctuates in the range of $2,000- $2,500. “This group of investors is still holding on to the huge number of tokens that they have been accumulating at a rapid pace since last October,” the experts note.
The NVT indicator (a tool for identifying bubbles in the cryptocurrency market) indicates the continued bearish sentiment for the first cryptocurrency. The NVT confirms investor bearish sentiment for Ethereum as well, for the first time since April 2020.

- The American company Progressive Care began accepting bitcoin as payment for rapid tests for COVID-19. The service is available in PharmcoRx pharmacies, and one can pay for tests through a QR code.
The company stressed that they believe in the future of the blockchain and want to provide an opportunity for testing for coronavirus "to those who have an alternative view of payment systems." 

- The Kalashnikov Concern, which produces the well-known AK-47 machine, would like to abandon the international payment system SWIFT and switch to using digital currencies. Such an unexpected statement was made by a rock singer, former Deputy Minister of Transport of Russia, and now the owner of the concern, Alan Lushnikov. “We really need it,” he said at the St. Petersburg International Economic Forum (SPIEF)
According to him, this alternative system is not tied to SWIFT and is not controlled by banks. For this reason, the company is less interested in central bank digital currencies (CBDCs).


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Thu Jun 03, 2021 9:18 am
CryptoNews

[You must be registered and logged in to see this image.]

- The strategist of the JPMorgan financial holding Nikolaos Panigirtzoglou has not ruled out a further decrease in the price of the first cryptocurrency, Yahoo Finance writes. “We stated previously that the failure of bitcoin to break the $60,000 barrier will automatically lead to bearish momentum and further exits. This has probably become a significant driver of the current correction," the expert says.
In the medium-term perspective, Panigirtzoglou is confident that the fundamentally justified value of bitcoin is in the range of $24,000- $36,000. He has also expressed the opinion that the market crash in May has greatly weakened institutional demand, which is why the price of BTC cannot recover to its former levels.
“There is no doubt that the recent boom-and-bust dynamics is an obstacle to institutional acceptance of the cryptocurrency markets and, in particular, bitcoin and Ethereum,” the expert explains. - The rise in volatility, especially in relation to gold, presents a barrier for large investors. It makes digital gold less attractive than traditional gold. "

- Footage on the 16th film from the black-and-white film "Alien Autopsy", which allegedly depicts the corpse of an alien on the operating table, will be sold at the Rarible online auction. The starting price of the lot is 450 WETH (over $1,215,000 at the time of writing).
The 17-minute film focuses on the Roswell Incident, an alleged UFO crash near the American city of Roswell in New Mexico in July 1947. Conspiracy theorists believe that the US government then captured an alien on board the UFO.
The author of the film, a London entrepreneur Ray Santilli, stated that the film used real footage of an alien autopsy, which was allegedly provided to him by a retired military operator on terms of anonymity. However, there are also those who consider this film to be fake.
For reference: the WETH cryptocurrency is an Ethereum conversion and cannot be mined. The WETH rate is pegged to the ETH rate at a 1 to 1 ratio.  

- Paypal is going to allow its clients to withdraw cryptocurrencies to external wallets. “The stored coins cannot be transferred to other users or withdrawn from Paypal accounts at the moment, but we are working to ensure that the corresponding option appears. The demand for cryptocurrency transactions has shown that the industry has a huge number of adherents who are ready to settle in digital assets or just buy them. Because of this, the appropriate option has become a necessity,” Paypal representatives say.

- The creator of the Cardano cryptocurrency and former Ethereum co-founder Charles Hoskinson has named central banks slow, inefficient and thoroughly corrupt. In his opinion, traditional finance is a "frustration industry" and cryptocurrencies are the "antidote" to "this broken financial network."
The specialist emphasized that the growth of the world's population made the markets large and unmanageable, and innovations too difficult to implement. In his opinion, it is only cryptocurrencies that can cope with these problems.

- Max Kaiser, aTV presenter and founder of Heisenberg Capital, expects the bitcoin price to rise 500% in the second half of 2021 to reach $220,000. "This is an aggressive price target, which is explained by the serious problems of the US dollar," the TV host said. In his opinion, the policy pursued by the US Federal Reserve and the inflation of the US dollar stimulate the strengthening of the first cryptocurrency.
Kaiser also stressed that the price of bitcoin is not as important as the hash rate and other fundamental metrics of the network. According to him, the price only reflects the state of the dollar: when the dollar weakens, the rate of the first cryptocurrency rises, and vice versa. “I don't look at the price, I watch the hash rate. And this indicator has been in a very predictable and stable bull market for the last 10 years,” he explains.

- While searching for a marijuana farm, police in the West Midlands County in Western England, discovered another farm, for mining cryptocurrencies, which had stolen electricity "worth thousands of pounds."
With the help of a drone, law enforcement officers noticed increased thermal activity near the local industrial zone. The police also found out that the territory is regularly visited by "suspicious persons". Assuming they had found a marijuana plantation, they received a search warrant, but instead of drugs, they found about a hundred computers. “This is not at all what we expected,” Police Sergeant Jennifer Griffin admitted.

- The founder of the Binance exchange, Changpeng Zhao, believes that no amount of regulatory action can destroy bitcoin and the blockchain. "You can't destroy bitcoin anyway, because it's in the heads of 500 million people," he said.
According to Zhao, the fight against cryptocurrencies is reminiscent of the situation when the trading giant Amazon went online, and many were reluctant to embrace its business model. Cryptocurrencies were not created to "kill" traditional finance and government currencies. This is just a new tool for expanding financial freedom around the world. Therefore, it is much more effective to work out a clear regulation of cryptocurrencies, rather than trying to "erase" them.
This statement, according to a number of observers, is due to the fact that regulators began to pay increased attention to Binance.

- Despite the fall in May, the bitcoin rate may return to the $50,000 mark in the near future. Analysts of the American company Fundstrat have come to this conclusion, having studied the chart of the first cryptocurrency. In their opinion, the “inverted head and shoulders” pattern may indicate a further recovery in quotes.
Earlier, Fundstrat co-founder Tom Lee said that the rate of the first cryptocurrency could exceed $100,000 this year, and of Ethereum - $10,000.

- The team of analytical company Glassnode has noted that the number of Ethereum wallets containing 0.01 ETH or more reached a record level of 15.71 million addresses. Such a large number is indicative of two things. First, the Ethereum ecosystem is growing and more users are joining the network to operate on various DeFi platforms or using ETH to pay in transactions with ERC-20 tokens. Second, it could mean that more retail investors are hoarding Ethereum on a long-term basis. They have blocked more than $12 billion tokens in the Ethereum 2.0 deposit contract so far. 
Experts note that, despite the current price correction, the share of Ethereum in the total crypto market capitalization continues to increase, confidently moving towards 18%.

- A well-known cryptanalyst known as PlanB, known for applying the Stock-to-Flow (S2F) model to bitcoin, told his 517,300 subscribers that he considers his investment in BTC as a call option. "I will either bring it to zero or to $1 million," - he defined his position, noting that the upside potential of bitcoin exceeds the risks of a move in the opposite direction.
PlanB did not ignore the sale of bitcoins last month. “So what happened in May? Weak hands sold about 1 million BTC at between $30,000 and $ 35,000, which they bought in April at between $55,000 and $60,000, and suffered a staggering loss of tens of billions of dollars. The good news is that this 1 million bitcoin is in strong hands right now." 


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed May 26, 2021 7:54 pm
CryptoNews

[You must be registered and logged in to see this image.]

- A representative of the international environmental organization Greenpeace told the Financial Times about the suspension of accepting donations in bitcoin due to the high energy consumption when mining cryptocurrency. “The amounts of energy required to run bitcoin are becoming more evident over time, so this policy no longer seems reasonable,” he said.
The organization began accepting bitcoin in 2014. Greenpeace then noted the environmental benefits of digital gold in the form of lower transaction processing fees compared to banks.

- Mining companies in North America will form the Bitcoin Mining Council, which aims to reduce the industry's greenhouse gas emissions. This decision was made by leading miners at a meeting with Elon Musk.
The meeting was organized by the head of MicroStrategy, Michael Saylor. Leaders of Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, HIVE Blockchain, Hut8 Mining, Marathon and Riot Blockchain participated in the conversation with the Tesla founder.
According to Musk, the companies agreed to disclose data on the use of renewable energy in their activities, as well as share their plans in this area. The billionaire added that they agreed to encourage other miners to do the same.
Against this background, according to data from the CoinGecko service, the crypto market capitalization has grown by about 14%, while bitcoin has risen in price by almost 12%, and returned to the $40,000 zone on Wednesday, May 26.

- One of the first bitcoin miners, Marshal Long, said that Musk spoke with representatives of companies that control "a very, very small network hashrate." “Don't expect any changes, that's what I'm saying,” he concluded. According to Long, if the billionaire wants to change the situation, he should negotiate with Coinmint and members of the non-profit Texas Blockchain Association, which control about 15% of the hashrate.

- The investment company Ark Invest General Director of Katie Wood confirms her forecast once again. She is confident that, no matter what, bitcoin will still reach $500,000.
Wood says the recent correction has raised the chances of SEC (US Securities and Exchange Commission) approval for bitcoin funds. The point is a product with a lower price tag is more likely to get the green light.
In addition, Katie Wood spoke about the statements by Elon Musk that caused the collapse of the crypto market. She suggested that he was pressured by shareholders such as BlackRock to drop the BTC price. However, the head of Ark Invest expects Musk to return to the crypto investor community.

- Professor of NYU Stern Business School Aswath Damodaran believes that Ethereum is better suited for trading on exchanges than bitcoin. According to the expert, the ETH ecosystem is more flexible, which makes it easier to work with it in trades, especially in an environment of increased volatility.
Damodaran noted that many small assets on exchanges are trading better than bitcoin, as transactions with them are faster. The BTC network is much more involved, which means that transfers can take a fairly long period of time, even by the standards of fiat transactions. 
“This is the main commercial feature of bitcoin. It is quite difficult to make money on trading with it if you do not catch the moment. The main coin is practically unpredictable, which is why traders often have to rely on good luck. " Therefore, bitcoin is more suitable as a global asset for investment, the specialist believes.

- More than 1000 employees of 16 Domino's Pizza restaurants in the Netherlands will be able to choose between salary in euros or in bitcoins. “We are a modern company, and we work with a large number of young employees,” said the co-owners of the chain. "We hear them talk about bitcoin and want to offer them the opportunity to own cryptocurrency."
The announcement coincided with the 11th anniversary of the first documented commercial bitcoin transaction in which two pizzas were purchased from Papa John's. At current prices, the then paid 10,000 BTC is worth more than $380 million. Years later, this day was named Bitcoin Pizza Day.

- According to billionaire and Carlyle Group co-founder David Rubinstein, bitcoin has almost no chance of disappearing completely. Even if the asset loses most of its value, it will still be in demand in its own infrastructure. If the coin continues to rise in price, then even the central banks of the states that opposed cryptocurrencies will begin to consider it.
“New asset types are not just a fleeting craze that quickly ceases to be interesting. We are already talking about hundreds of billions of dollars. The coin, which was originally a means for digital payments, has become a full-fledged asset,” the billionaire believes.

- Matthew McDermott, head of the digital assets department of the American bank Goldman Sachs, confirmed the growing demand for cryptocurrencies among institutional investors and asset managers. He also noted in his letter to Global Marco Research that cryptocurrency storage solutions have become safer, however inconsistent actions of regulators can have a negative impact on the development of this market.

- The Development and Reform Commission in China's Inner Mongolia region has published a list of 8 points, in which it describes measures to "combat the mining of virtual currencies" in its territory. The authorities of the region note that they have developed this plan in pursuance of the order of the State Council of China on combating financial risks arising in the process of mining and trading cryptocurrencies.
Industrial parks and data centers are ordered to reduce energy consumption, and telecommunications companies are prohibited from working with miners under the threat of license revocation. The authorities also promise to prosecute illegal miners. The same applies to money laundering attempts and illegal fundraising using cryptocurrencies. In addition, the list mentions Internet cafes that will be closed if mining on their territory is revealed.
Companies whose activities are related to cryptocurrencies mining, and their senior employees are subject to inclusion in the list of unreliable persons, and officials supporting the miners will be subject to disciplinary responsibility.
According to the University of Cambridge, the Inner Mongolia region is currently the third largest bitcoin computing power in China after Xinjiang and Sichuan. They are expected to release similar documents soon.

- According to Reuters, the largest mining companies BTC.TOP and HashCow are winding down their activities in China amid tightening legislation. HashCow, has not yet stopped the current capacity, but has refused to buy new farms.
As for BTC.TOP, this company announced a complete cessation of work in the PRC.

- The Russian authorities may partially reconsider their position on the use of digital currencies. Now bitcoin and the rest of the coins are recognized in fact as property. Such tools are prohibited to use when paying for goods and services. However, there is talk that the State Duma (Parliament) of Russia is already ready to amend the legislation. Cryptocurrency payments can be legalized if they take place under a contractual agreement between the parties.

- The Dogecoin meme cryptocurrency has turned out to be more recognizable among US citizens than Ethereum. This is evidenced by the results of a joint survey conducted by Harris Poll and CouponCabin.
The study involved more than 2,000 American adults, most of whom (89%) had heard of cryptocurrency at least once. It turned out that 71% of respondents know about bitcoin, 29% about Dogecoin and 21% about Ethereum. The USD Coin stablecoin has the same number, 21%. About 18% of survey participants said they are familiar with Litecoin, 10% have heard about the existence of Stellar.
Almost a third of respondents (31%) are confident that cryptocurrencies can become the future of money. Digital assets are seen as a get-rich-quick scheme by 23%. On the other hand, 19% called it a “questionable” technology. Almost half of the survey participants (44%) said they agree to receive cryptocurrency through incentive programs or cashback. 


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed May 19, 2021 7:08 pm
CryptoNews

[You must be registered and logged in to see this image.]

- The crypto market has already experienced three serious falls the in first two decades of May. The first two collapses were associated with Elon Musk. Tesla first announced that it would no longer sell its electric cars for Bitcoin. “We are concerned about the use of fossil fuels for mining,” it said in a press release. - The future of our planet depends on the amount of gas emissions into the atmosphere. And we're not going to stand aside from addressing environmental issues. '
The second blow to the market was struck by a tweet from Elon Musk that, perhaps, Tesla will still sell the previously acquired bitcoin tokens. Recall that BTC quotes jumped 22% just three months ago on the news that Tesla had invested $1.5 billion in bitcoin. It may get rid of them now..

- The third major drop in the crypto market was experienced since Tuesday, May 18, to Wednesday, May 19. This time it comes after Chinese financial organizations were banned from providing services related to digital assets.
According to Reuters, a statement was issued by three financial regulators overseeing online financial transactions, the payments market and clearing.
Financial institutions in China are now unable to provide services for the storage and management of cryptocurrency, as well as release products related to digital assets. It is also forbidden to use them as a payment instrument. The three regulators said in a joint statement that virtual currencies are "not supported by real value," their prices are easy to manipulate, and trade contracts are not protected by Chinese law.

- Crypto enthusiasts have developed a new Fuck Elon Tweet (FUCKELON) token. By doing this, they want to demonstrate contempt for Elon Musk's tweets, which affect the digital asset market. The token is based on the Binance Smart Chain. According to the statement, the maximum offer will be 1 billion coins. More than 9,000 addresses became FUCKELON holders.
The coin has already risen by 2000% and the token is trading at the level of $0.005260 at the time of writing.

¬- LMAX institutional platform strategist Joel Kruger considers Elon Musk's statements about high energy consumption of bitcoin as only a catalyst for a long-overdue correction. “There is too much buzz around Tesla and Elon Musk,” he writes. "The pullback is caused by this to a much lesser extent, and by technical overheating after the parabolic movement of the course to a much greater extent."
Another expert and veteran trading veteran, Peter Brandt, said earlier this month that bitcoin would have to "come back to Jesus." And now he confirmed that the current fall fits the description of the moment he had indicated.

- Popular cryptocurrency analyst Lark Davis believes that bitcoin traders shouldn't worry about Elon Musk's comments or bitcoin's depreciation. Davis advises taking a look at the 2017 bull rally and seeing that bitcoin can survive multiple declines. The trader noted that there were 4 different corrections in the range of 30-45% then. The analyst is confident that the current growth is only at an early stage, and believes that the rates will soar much higher by the end of this year:
“You should look more broadly. The current Bitcoin situation is not a cause for concern. This is a fairly common situation that happens in the cryptocurrency market. The situation is likely to become mega-bullish again after a few weeks. Everyone will start to say again that BTC is a new concept of money and stuff like that. Now is not the time to panic and sell cryptocurrency, but it is high time to buy it in panic. We have excellent buying opportunities."

- Analysts at Glassnode confirm Davis' words. According to them, many new investors panicked out of their positions during the rollback, while long-term investors continued to increase their investments.
For example, business analytics company MicroStrategy took advantage of the decline in bitcoin and bought an additional 229 BTC worth $10 million. The acquisition was made at an average price of $43,663. To date, MicroStrategy has 92,079 BTC at its disposal, acquired for a total of $2.251 billion at an average price of about $ 24,450 per coin.
Investor Robert Kiyosaki, the author of the popular book "Rich Dad Poor Dad," is planning to buy on the current fall in bitcoin.

- The oil and petroleum pool, supported by the U.S. military, threatens the environment more than bitcoin mining. This was announced by Alex Gladstein, Strategy Director of the Human Rights Foundation, and James McGinnis, co-founder of David Energy. According to Forbes, the US military used up to 1 million barrels of oil daily in 2017. If the Ministry of Defence were a country, this level of consumption would make it the 55th most carbon dioxide-emitted country in the world.

- The US Federal Trade Commission (FTC) has recorded a tenfold increase in cryptocurrency investment fraud. According to the report, the agency received 6,792 allegations of attackers from October 2020 to March 2021. The total amount of damage from their actions exceeded $80 million. The FTC says this figure was 10 times lower a year earlier: 570 appeals with losses totaling $7.5 million.
Scam organizers usually target investors aged between 20 and 49. Most scams operate on a pyramid basis. The most popular methods of finding victims are advertising "investment advice from experienced traders" and "distribution of cryptocurrency on behalf of celebrities." The attackers earned over $2 million on the name of Elon Musk alone.

- Bitcoin is not as popular among criminal groups as it might seem. This is the conclusion reached by blockchain analysts at CipherTrace in their monthly report, where they found that only 1% of all transactions on the bitcoin network are associated with illegal activities. According to them, in 2020, only 1.2% of transactions on the BTC blockchain were made between crypto exchanges and high-risk organizations. 
In their sample, CipherTrace classify the following as a high-risk organization: sites with blockchain games, mixers, darknet, hype scam campaigns, ransomware; malware, high-risk exchanges.
Moreover, analysts have found out the volume of transactions used for money laundering. They concluded that the share of such transactions fell from more than 1% to 0.11% in 2020.

- Founded in 1932, American furniture chain Ethan Allen's is listed on the New York Stock Exchange. Since the beginning of 2021, the company's shares have risen by 50% due to the inattention of some investors who confuse securities under the ticker ETH with the second most capitalized cryptocurrency.
According to The Wall Street Journal, economic recovery was not the only reason for the growth. Some investors hear the call “Buy ETH” and buy Ethan Allen's stock instead of Ethereum. According to the publication, in the last month alone, the turnover of ETH shares increased by 56%.

- The founder of the cryptobank Galaxy Digital, Mike Novogratz, predicted in an interview with New York Magazine an increase in the price of Ethereum to $5000. This is facilitated by a combination of three factors: payment apps and stablecoins, decentralized finance, and non-fungible tokens (NFT), he said. “I'm almost 100% sure that the price will rise - it's just mathematics,” Novogratz explained.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed May 12, 2021 9:16 pm
CryptoNews

[You must be registered and logged in to see this image.]

- SpaceX Corporation has entered into a partnership with Dogecoin developers. The launch of the new satellite will be fully paid in this cryptocurrency. The satellite itself in the form of a cube will be delivered to the Moon as part of the Falcon 9 mission in early 2022.
SpaceX Vice President Tom Ochinero said the collaboration "will demonstrate the use of cryptocurrency outside of Earth orbit and lay the foundation for interplanetary commerce." The information was also confirmed by Elon Musk, who has recently received the nickname "dogefather" for his love for this meme cryptocurrency.

- Morgan Creek Capital CEO Mark Yusko believes that bitcoin could reach the value of $250,000 within five years. According to the expert, the rapid adoption of the main cryptocurrency will resemble the popularization of Facebook, Apple, Amazon, Netflix and Google. Also, the growth in the value of bitcoin may be affected by the situation in the fiat market, which is now going through hard times.
“At one time, many large companies increased their capitalization to a trillion dollars in 10-20 years. The main cryptocurrency managed to do this much faster. Bitcoin is likely to become the main competitor to gold within a few years, although it is already, says Yusko. - I do not think that cryptocurrencies will start to sink sharply in the near future. The market has many investors already who will not leave it until the last minute. "
“However, not all assets are useful and promising,” the financier continued. - Dogecoin, for example, is a joke and a marketing thing for me. It is naturl that it is rapidly becoming more expensive after references from Elon Musk. I think this can happen with any coin, even if it has no real value."

- Scammers took advantage of the hype surrounding Elon Musk's performance on Saturday Night Live (SNL) to lure over $100,000 in cryptocurrency from users. According to the MalwareHunterTeam project team, the scammers have created more than 30 fake Tesla, SpaceX and SNL accounts. Some of them received a verification mark. To receive a "reward", the attackers asked users to send a small amount of bitcoins, Ethereum, or Dogecoin to their wallets. MalwareHunterTeam noted that this type of scam has been around for a long time, but Twitter still hasn't solved the problem.

- As for Elon Musk himself, he urged to invest in digital assets with caution. “Digital assets continue to be promising. But it is possible that the market will return to bearish sentiments at any moment. At one time, I thought that investing in cryptocurrencies was a dubious business, but everything has changed over the years,” Musk said. At the same time, the billionaire noted that Tesla bought bitcoins at the beginning of the year for the so-called "free funds", which do not affect the company's activities in any way.

- According to the BBC, the US authorities have arrested a resident of Tennessee, suspected of organizing the contract murder of his wife. According to British media reports, a customer unknown at that time told the killer the make of the car, as well as the date and time when the woman would take the pet to the veterinarian. The payment for the murder was done in bitcoins.
"The FBI headquarters provided blockchain analysis of the transaction and was able to determine that the wallets of the Coinbase crypto exchange were used for payment," the court record says. The exchange, at the request of the authorities, revealed not only the transactions history, but also the name of the owner of the wallets: it was the husband of the alleged victim. He used his home computer and personal bank accounts to buy cryptocurrency. The man was arrested and faces up to 10 years in prison. The identity of the killer has not yet been established.

- Facebook founder Mark Zuckerberg also continues to influence cryptocurrency quotes; he shared a photo of two goats named Max and Bitcoin. Social media users saw a secret message in this. Some of the commentators called him Bitcoin MAXimalist. And economist Alex Kruger said that the photo of the goats is a great reason for another pump of the first cryptocurrency. “This is quite in the spirit of 2021. If the market was growing when Elon Musk tweeted about Bitcoin, then surely it should grow when Zuk calls the goats Max and Bitcoin, ”he said and... he was wrong. The price of bitcoin dropped by about $5,000 after the post was published. 

- Another interesting event concerning Zukreberg took place in the capital of Russia. The Moscow court officially declared a citizen Mark Elliot Zuckerberg bankrupt. The reason for the litigation was his debt to two Russian banks in the amount of 669 thousand rubles (about $9,000).
This news could become a worldwide sensation. But the fact is that this citizen's name was Yuri Shishlyannikov until December 2018. He was born in Ukraine, and after moving to Russia, he changed his first and last name to Mark Zuckerberg, which is quite easy to do under Russian law.

- The attackers spread an interview allegedly given by Austrian President Alexander Van der Bellen to the Kronen Zeitung. He "talks" about his investments in cryptocurrencies there and allegedly admits that he easily earns tens of thousands of euros a day.
According to the Watchlist Internet Internet fraud tracking service, under the guise of an interview with the Austrian President, scammers are promoting the Bitcoin Era, Bitcoin Prime and Crypto Revolt cryptocurrency trading platforms. To start trading, you need to deposit a minimum amount of €250. Then some consultants contact the investors, and the first profit is displayed on the accounts. This motivates people to invest more. However, neither deposits nor possible profits are paid out to users, Watchlist Internet stresses.

- Analysts of the research service Whalemap presented an analysis of the price dynamics of the main cryptocurrency. According to their findings, large investors, including classic companies from the world of finance, continue to buy bitcoins actively. The largest buying volumes were recorded when the price of the coin was in the range from $54,000 to $58,000.
Whalemap believes that the $52,000 price level represents the point below which it will be difficult for the cryptocurrency to leave for a long time. Moreover, as analysts predict, bitcoin can gain a foothold above $60,000 in the foreseeable future.

- PlanB, the author of the famous S2FX prediction model for the price of bitcoin, agrees that the coin will continue to rise in price. That is why he replenished his crypto wallet by purchasing BTC on May 8 at the rate of $58,776.
Among the arguments in favor of further growth in the price of bitcoin is the growth of reserves of crypto exchanges in dollar stablecoins, which has now reached an absolute maximum of $11.5 billion. Interest in bitcoin is also observed on the part of miners: the hash rate for this cryptocurrency has once again turned out to be at levels that are close to absolute highs.

- Miami Mayor Francis Suarez said at the Ethereal virtual summit that he bought Bitcoin and Ethereum in early March. He made the decision after the country's Senate approved the $1.9 trillion economic bailout plan. It is noteworthy that the United States plan to adopt another aid package, due to the high level of unemployment.
According to Suarez, people will not want to store currency in USD, so cryptocurrencies will continue to grow. The official added that bitcoin has reached a level of acceptance too high to fall under a regulatory ban.
Suarez has previously said he is exploring the possibility of transferring some of Miami's city budget reserves into digital gold. 

- The police detained two suspects of fraud in a Russian small town under the pretext of selling mining equipment. According to the investigation, the detainees posted an advertisement on the Internet about the sale of the mining farm. One of the villagers responded and transferred 1,000 rubles (about $13) as an advance. After the attackers sent a photo of the package, the future crypto-miner sent them the remaining amount. However, taking the parcel from the post office, he found two plastic water bottles and an old fire extinguisher in it, hardly suitable for cryptocurrency mining. It should be noted that this is not the first case of selling counterfeit equipment to those who wish to make money in this way.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed May 05, 2021 8:18 pm
CryptoNews

[You must be registered and logged in to see this image.]

- Experts at JPMorgan believe that Ethereum may become more efficient than Bitcoin in the future. Many DeFi application developers are already using the Ethereum blockchain more than the main net.
Experts note that this altcoin is more resistant to external factors. Bitcoin, on the other hand, reacts to almost every major fluctuation in the market, which leads to its correction straight away. Investors in the main cryptocurrency are not very worried about minor jumps, however, with a long negative trend, they start to withdraw assets quickly. During the recent correction, it was Bitcoin that lost most of its capitalization.
“Bitcoin, on the other hand, is very narrow in its application, which is evident from a variety of factors. It is Most often used as an asset for investment. All new major projects are developed on the basis of Ethereum. It has more liquidity, and ETH has recently substantially increased its position in the spot market. Another advantage of Ethereum is its rather large and developed ecosystem,” JPMorgan analysts note.

- Founded in 1744, Sotheby's will auction the work of street art genius Banksy, Love is in the Air. They plan to accept bets in US dollars, bitcoins and ethereums. The work has been initially estimated at $3-5 million. The auction will take place on May 12 and will be the first experience for Sotheby's in selling works of art for cryptocurrency.
 
- S&P Dow Jones Indices, a division of US financial data provider S&P Global, has launched indices based on Bitcoin, Ethereum and a basket of these cryptocurrencies. The S&P Bitcoin Index received the ticker SPBTC, the S&P Ethereum Index - SPETH, which tracks the dynamics of these two assets, the S&P Crypto Mega Cap Index - SPCMC.
Indices are calculated in points, not in US dollars. According to a S&P spokesman, instead of the actual cost, they reflect price changes, and should compete with counterparts from Bloomberg and Galaxy. 
The data is calculated on weekdays and will be available by subscription for service customers. Rebalancing is carried out on a quarterly basis.

- Back in May 2019, crypto enthusiasts noticed an advertisement for the American online trading giant eBay with the words “Virtual Currency. It's happening on eBay. " Later, representatives of the site denied rumors about adding support for cryptocurrencies. And now, two years later, on CNBC, the head of the company, Jamie Iannone, said that eBay is still considering the possibility of accepting payments in digital assets.

- Renowned crypto trader and strategist Mikael van de Poppe has shared a bold prediction for the future of bitcoin. “I am quite confident that we are in a bullish cycle and it is really difficult to rely on a bear market, especially given the inflation of the US dollar,” he said.
“Given the fact that institutional money is flowing in, bitcoin is becoming more widespread. This means that there is now a large demand and a relatively small supply, which will lead to an increase in the price, continues Van de Poppe. - Will Bitcoin get to $300,000 or $500,000? I think so. If we carry out simple calculations, the peak of the BTC rate should be $500,000. Given the data on the top of the cycle, it can be assumed that the average rate will be above $250,000. And it can get to $350,000 - $450,000 within a year.”
“But besides, we will have long sideways,” added the specialist.

- Ethereum continues to rise in price amid the growing popularity of decentralized finance (DeFi) applications designed to replace banks and insurance companies. The price of the leading altcoin surpassed $3,000 on May 3, for the first time in history. As a result, the fortune of Ethereum creator Vitaly Buterin, who owns 333,520 coins, reached $1.09 billion.
Thus, 27-year-old Buterin has become the youngest billionaire in the world who made his fortune on cryptocurrency. His fortune has grown almost 25 times since the beginning of 2020, according to Forbes.

- A startup employee told a story about how the employer demanded that the salary paid in cryptocurrency be returned after its rate increased by 700%.
According to him, the CEO of the company offered him a settlement in cryptocurrency at the signing of the contract in the spring of 2020. The contract contained a clause that the employer could have him being paid in dollars, but the employee refused to do so.
And just recently, he received a message from his employer demanding the return of all the cryptocurrency. “In return, you can bill the company for hours worked in dollars,” the letter read.
The MarketWatch portal, on which the story was published, advised him not to return the cryptocurrency, since the employer would hardly want to pay extra if the rate collapsed.
Although the author does not specify the name of the cryptocurrency, Ethereum fits the description, the rate of which has grown by 790% since August 1.

- Bitcoin is less volatile than stocks of companies such as Apple and Tesla, said the head of the cryptocurrency exchange Binance Changpeng Zhao in an interview with Bloomberg TV. According to Zhao, significant price fluctuations are observed not only in the cryptocurrency, but also in the stock market. At the same time, Bitcoin is less volatile than shares of companies with comparable market capitalization. 
According to him, “profit hunters” are often to blame for this. They do not analyze the market but invest money in assets against the backdrop of positive news. “There are always more people driven by herd instinct than those who really do serious research. When negative news appears, they leave the market, when positive news appears, they try to enter again. This causes a lot of volatility,” explained the CEO of Binance.
Earlier, Zhao advised traders who are stressed by every price drop to change their strategy to buy and hold. In his opinion, this is not the best recommendation for professionals, but good advice for beginners.

- Bitcoin is disgusting and contrary to the interests of civilization, said fellow Warren Buffett, 97-year-old billionaire Charles Munger. “Of course, I hate Bitcoin's success. I do not welcome currency, which is created out of thin air and is so useful for kidnappers and extortionists,” Munger emphasized.
At the same time, another critic of cryptocurrency, billionaire Warren Buffett, this time declined to comment on Bitcoin. The legendary investor emphasized that digital money is now supported by "hundreds of thousands against two people." “We have a choice: to make 400 thousand people angry and upset, or to make two happy,” he noted ironically.

- American financial services giant Mastercard has presented the results of its research conducted in 18 countries in various regions of the world. According to its data, 40% of consumers plan to use crypto assets for their payments next year. Among millennials, the figure is even higher, reaching 67%.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Apr 28, 2021 6:30 pm
CryptoNews

[You must be registered and logged in to see this image.]

- The Cuban authorities have decided that cryptocurrencies are necessary for building socialism and have included them in the program for the country's economic development until 2026. The document is titled "Guiding Principles of the Party's Economic and Socialist Policy." 
The idea of introducing cryptocurrencies into the domestic economy of the country was first voiced in 2019. The authorities announced then that they were going to use the assets for external payments, since operations with the dollar became unavailable for them due to the sanctions imposed by the United States against Cuba. The new set of measures includes support for cryptocurrency initiatives. We are also talking about currency liberalization, which should allow citizens and companies to use any type of assets for settlements.
The Cuban authorities want to build on the experience of Venezuela, which was able to introduce its own cryptocurrency called El Petro and made possible the use of bitcoin and other digital assets. Several national payment platforms have appeared in the country, designed to work with cryptocurrencies.

- Bill Miller, legendary investor and founder of hedge fund Miller Value Partners, said it was no longer possible to ignore bitcoin. According to him, cryptocurrencies are gradually becoming mainstream, which is why they will be fully adopted within a few years. The financier did not rule out that central banks will try to control the situation, but they will still have to give up sooner or later.
“If bitcoin was considered a kind of internal network asset earlier, and the overwhelming majority of citizens were sure that it would soon collapse, everyone is now waiting for a new wave of bullish sentiment to buy as many coins as possible at a bargain price. Investors have everything under control now, because of which exchanges can no longer move the asset to drawdowns or growth so simply,” Miller believes.
The financier recalled that he first invested in BTC in 2014 or 2015 at an average price of $350 per coin. Now such amounts seem so distant past that no investor believes in returning to them.

- Tesla sold part of its bitcoins for $272 million, generating a profit of $101 million from this transaction. This is stated in the report for the first quarter of 2021. According to Elon Musk, the electric car maker sold 10% of its crypto assets solely to test the liquidity of the market.
Recall that the company invested $1.5 billion in BTC just in early February. And according to Tesla's management, the company is satisfied with the liquidity of the market for the first cryptocurrency and will continue to accumulate digital assets, selling part of its electric vehicles for bitcoins.

- The growing interest in cryptocurrencies threatens the South Korean labor market with a shortage of young workers. According to a number of employers, their employees aged between 20 and 30 are distracted by tracking bitcoin price fluctuations or quit their jobs to devote themselves entirely to trading. In this regard, some companies are looking for ways to block access to cryptocurrency exchanges during business hours.
The 20-year-old Chosun interviewee left the credit card company after three years as he earned 3 billion wons ($2.7 million) in cryptocurrency revenues. “I loved the job,” he says, “but I realized that financially it would be wiser to focus on investing, taking into account the income from the time I spend.”

- The creator of the sports media platform Barstool Sports Dave Portnoy announced the investment of a "seven-figure" amount in the first cryptocurrency in August 2020. He did this after he met with the founders of the Gemini exchange, the Winklevoss brothers. Later, the investor sold all his bitcoins at a price of about $11,600. He said that he lost a decent amount on the market drawdown and was disappointed in cryptocurrencies.
And now Dave Portnoy has reacquired digital gold in the amount of... 1 bitcoin. “This is all I could afford at $48,000. 50 thousand, and now I have one bitcoin,” stated the creator of Barstool Sports.

- In 1581, the Russian Tsar Ivan the Terrible killed his son, in anger. And now, 440 years later, one of the residents of Moscow filed a complaint with the police against his son, in anger. He did this after he failed to receive over 100 million rubles (approx. $1.35 million) from the family's cryptocurrency mining farm. The Russian created a mining company in 2017 and appointed his 23-year-old son its CEO, while he continued to periodically invest in the business. In April 2021, the company started having problems and the head of the family fired his son. According to his father's calculations, at least 137 million rubles should have been on the company's account, but he found only 18 million, after which he reported to the police.

- New York-based wine distributor Acker, Merrall & Condit has announced that it has begun accepting digital currencies as payment at its auctions and retail stores. Acker, Merrall & Condit is the world's largest fine wine auction house, founded back in 1820. After the pandemic, the company found itself in the same boat as other retailers as most of its offline stores were closed. 
To offset the impact of COVID-19, the organization has placed a bid on its own online auction. Prices for some of the best wines it has to offer are around $1000 a bottle. And according to the company's management, it is very fortunate that now they can be paid for with such cryptocurrencies as Bitcoin, Ethereum, Bitcoin Cash and Dogecoin.

- One of the JPMorgan top managers, Daniel Pinto, announced back in February 2021 that his bank was ready to launch a service for operations with bitcoin if the bank's clients needed it. And this week, the Coin Desk portal reported that the American giant decided to launch a fund focused on BTC. The journalists found out that the JPMorgan bitcoin fund will be available only to private clients and will start operating this summer.
Note that the head of this investment bank, Jamie Dimon, had previously repeatedly criticized BTC, stating that the cryptocurrency is a common fraudulent scheme. Daimon even threatened his traders with firing if they tried to invest in bitcoin. But as you can see, the position of Dimon and the policy of JPMorgan have changed significantly now.

- Ethereum co-founder Vitalik Buterin donated 100 ETH and 100 MKR totaling over $600,000 to a fund to fight the coronavirus pandemic in India. Following Buterin, the former CTO of the Coinbase crypto exchange Balaji Srinivasan joined the campaign, donating 21.7463 ETH (almost $550,000 at the time of payment).

- The creator of the stock-to-flow model, a popular cryptocurrency analyst aka PlanB, believes that the current decline in bitcoin is quite normal and expected, and only confirms the bullish trend. The analyst stressed that one should not expect constant growth, sometimes pullbacks should also occur: “Nothing grows without pullbacks. Bitcoin has already been growing for 6 months in a row. This is similar to the mid-cycle correction we saw in 2013 and 2017.”
At the same time, the expert noted that he even “calmed down to some extent”: the market was too overheated, and now a small “cooling” phase awaits it. In addition, the rate of the first cryptocurrency turned out to be lower currently than the expectations of the S2F model, which means it may well continue to grow.

- The bitcoin rate will reach $200,000 in 2022. This forecast was recently announced by Dan Morehead, CEO of venture capital firm Pantera Capital. According to the businessman, BTC is doomed to further growth, as more and more investors begin to understand that storing capital in cryptocurrency is much more efficient than in traditional instruments.
The value of BTC adds $200 every time 1 million new users register on its network. If such dynamics persist, the price of cryptocurrency in 2022 will approach or even exceed the $200,000 mark.
According to Dan Morehead, the spread of bitcoin is a result of, among other things, the growth in the number of smartphone users. There are now about 3.5 billion people in the world who own such devices, making bitcoin available anywhere and at any time.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Apr 21, 2021 6:17 pm
CryptoNews

[You must be registered and logged in to see this image.]

- PayPal's Venmo mobile payment app now allows users to buy, store and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The minimum investment in cryptocurrency is just $1. In addition, you can now share the purchased cryptocurrency with friends through the Venmo social feed.
Thus, PayPal continues to expand the functionality associated with digital assets. As a reminder, more recently, this payment giant has allowed users to buy cryptocurrency through its main platform and use their crypto wallets to pay for purchases in online stores around the world.

- Popular cryptocurrency analyst Willy Woo said that Bitcoin's drawdown on April 18 below $51,000 was triggered by massive power outages in China. Due to the fact that most of the miners were temporarily out of order, the hash rate of the asset began to decline. According to Woo, the situation should stabilize soon, which will lead to further increases in the value of bitcoin.
“This is a power outage in Xinjiang province. It is one of the largest regions in China where the mining power of bitcoin is concentrated. According to the BTC Cambridge Energy Consumption Index, Xinjiang accounts for about 25% of the coin's total hashrate. It becomes clear straight away that the entire cryptocurrency market has dropped significantly precisely because of the Chinese incident,” Woo said.
According to the expert, if his theory is confirmed, then the situation with the hash rate of the asset should stabilize quickly. When the main network starts processing the same number of transactions, the value of the coin will start to rise again.

- An unknown attacker allegedly stole phone numbers and credit card details of Domino's Pizza India customers and put them up for sale for 10 bitcoins (about $550,000 at the time of writing). In parallel, the hacker demanded 50 BTC ($2.75 million) from Domino's to prevent the information from getting publicly available.
Representatives of the management company confirmed the hack but denied the leak. "In accordance with our policy, we do not store financial information or credit card information of our customers, so such information has not been compromised," said Domino's Pizza.

- Candidate for the post of New York City Treasurer Reshma Patel presented an urban development plan based on investments in blockchain businesses and cryptocurrencies.
According to her plan, this should play an important role in the restoration of the city. “My intention to run for office is due to my concerns about the financial health of New York, especially in the aftermath of the COVID-19 pandemic. It is clear that cryptocurrencies have a future in finance and a future in financial planning in New York,” Patel said. Among other things, she plans to invest in funds focused on blockchain, create a working group to explore options for direct investment in technology, and also transfer part of the city's pension fund reserves to digital assets.

- The world-famous American magazine TIME followed the path of Tesla, and in addition to investing in bitcoin, it also began to accept cryptocurrency for subscription payments. To this end, TIME has started to cooperate with the crypto payment platform Crypto.com, offering an additional reward of 10% for those who pay for the service in native Crypto.com CRO tokens.
The service is currently available in the US and Canada, but a global expansion is planned in the coming months. TIME's rapid digital transformation is the result of our commitment to new technologies and working closely with innovative companies like Crypto.com to bring our vision to life, said TIME CTO Bharat Krish.

- Bitcoin trend remains bullish. This is the conclusion reached by analysts of the Santiment resource, who analyzed the frequency of tweets with the phrase "buy the dip" and "bought the dip". With the bitcoin price dipping below $51,000 on April 18, the number of low buy posts hit a weekly record of 2,108 tweets. This allowed Santiment analysts to conclude that this correction is nothing more than a "bump in the road."
This is not the first time Santiment has used Twitter stats to gauge the market. For example, earlier the analysts used the mention of Binance coin (BNB) to determine the peak price of this cryptocurrency.

- Cryptocurrencies like bitcoin need to be considered as alternative investments. This was stated by the deputy governor of the People's Bank of China (PBOC) Li Bo. “Bitcoin and stablecoins are encrypted assets. It is an investment asset, an alternative investment, not a currency. They should play an important role in the future,” explained Li Bo. However, he stressed the associated regulatory uncertainty. According to the official, "current practices" in the form of banning the operation of bitcoin exchanges and holding ICOs will remain in force until the development of new regulation is completed, which should become similar to the regulation of the banking system.

- Former hedge fund manager and host of CNBC's Mad Money Jim Cramer called himself a "renegade" and announced the sale of his assets in the first cryptocurrency. “I know people will be mad at me, but I paid off my mortgage with bitcoin yesterday,” Kramer said on TV. The host did not elaborate on how many coins he sold. But, he said, it was half of his digital gold reserves.
Twitter users likened Kramer's move to Laszlo Hanyecz's famous 10,000 BTC purchase of pizza in May 2010.

- The Swiss giant AXA was the first of the insurance companies of this country to start accepting bitcoin for payment. To accept digital payments, the company entered into a partnership agreement with the cryptocurrency broker Bitcoin Suisse. AXA customers will be able to pay with bitcoin for all of the company's products, with the exception of life insurance. This is due to legal restrictions.
AXA has not ruled out that in the future its products can be purchased using other cryptocurrencies, but for now the company will test working with digital assets using BTC only.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Apr 14, 2021 5:42 pm
CryptoNews

[You must be registered and logged in to see this image.]

- The new episode of the cult animated series "The Simpsons" broadcast on of April 11 predicted an increase in the value of the first cryptocurrency to infinity. This was noticed by Reddit users. A running line with quotes of financial assets appears on the TV screen in the 18th episode of season 32. The bitcoin exchange rate is marked with a green sign of infinity.
Recall that in February 2020, the creators of "The Simpsons" released an episode called Frinkcoin, dedicated to cryptocurrencies and how blockchain technology works. They also mentioned bitcoin in a joint episode with The Griffins and in the mobile game The Simpsons: Tapped Out.

- The emulator of a vintage computer Commodore-64 produced in 1982 was used to mine cryptocurrency. The developer Maciej Vitkoviak has created the C64 Bitcoin Miner software specifically for this PC. He demonstrated a 0.2 H/s hashrate on the VICE emulator. “It will take 337 years and 10 months for the C64 to mine a block,” the developer said.

- Ethereum may surpass Bitcoin in terms of profitability in 2021, and the price of the coin may rise to $10,000. Such a forecast was given by the famous crypto trader and host of the podcast The Wolf of All Streets Scott Melker.
He revealed In an interview with Cointelegraph that he has largely switched his strategy from the first cryptocurrency to this leading altcoin in recent months. “It reminds me of investing in the Internet in the early 1990s,” Melker said. “I don’t understand why this is crazy. In fact, this is just an increase of less than five times the current price. Bitcoin almost tripled last year."

- Analysts of the Kraken exchange admitted the possibility of growth of bitcoin to $90,000. This is stated in the company's latest monthly state-of-the-industry report. Experts noted that March was one of the most successful months for the largest cryptocurrencies in terms of capitalization. 
Based on historical data, analysts allowed Bitcoin to rise by 50% in April. Considering that the month began at $59,000, the target of the movement could be the $90,000 mark. However, before the rally resumes, the first cryptocurrency can expect a correction of at least $10,000.
As for Ethereum, Kraken predicts it could rise to $15,000. Exchange analysts noted the important, in their opinion, support and resistance levels for this altcoin: $1,462 and $2,695. Plotting historical patterns of ETH price movement on logarithmic curves, they concluded that the peak of the bullish cycle is still far away. The experts are confident that the price of Ethereum could rise by 700% from the levels of the end of March and reach a high at $15,238.

- The fortune of the bitcoin creator under the pseudonym Satoshi Nakamoto, who, according to various estimates, owns from 750 thousand to 1.1 million BTC coins, has exceeded $60 billion. Thanks to this, according to the Forbes rating, Nakamoto got into the top 20 richest people in the world.
Nakamoto's fortune assessment does not include bitcoin forks belonging to him. For example, the creator of the first cryptocurrency could have over $650 million in Bitcoin Cash, $250 million in Bitcoin SV, $1.1 million in Bitcoin Gold, and a host of other forks.

- According to the analytical service Santiment, large investors, or the so-called "whales", continue to accumulate bitcoins. Analysts found that they have accumulated up to 2.2% of the total cryptocurrency market supply so far, reaching an 11-month high. A similar situation was observed at the beginning of May last year.
These are investors who control 100,000 or more BTC, according to the Santiment report. At the same time, the volume of cryptocurrency on addresses containing from 1,000 to 100,000 coins, on the contrary, decreased from 42.5% to 39.5%.

- An Italian citizen was arrested on suspicion of trying to pay with cryptocurrency for the murder of his ex-girlfriend. According to Europol, the suspect found a website on the darknet that offers such services. After there appeared a contractor ready to fulfill the order, the suspect transferred about 10 thousand euros in bitcoins to him. However, Europol and the Italian police uncovered the criminal plan in time.
Europol also tracked the cryptocurrency transfer. To this end, law enforcement agencies turned to the crypto exchange, where the suspect's virtual currency was originally purchased, and it provided the authorities with the requested information. The name of the exchange is not disclosed.

- Los Angeles-based real estate agency Caruso has partnered with the Gemini cryptocurrency exchange to accept bitcoins in residential and commercial transactions. This fact is interesting because Caruso's long list of tenants includes Tesla CEO Elon Musk. He sells his cars at the large Americana at Brand shopping and entertainment center in Glendale.
Even though Caruso has never discussed bitcoin payments with the well-known entrepreneur, it is believed that Musk may be the very first tenant to pay rent in cryptocurrency. “I didn't tell Elon about this, but he might be a trailblazer who pays rent in bitcoin,” said the company's founder and CEO Rick Caruso.

- Bitcoin miners are accumulating coins for the first time since December 2020, thus containing the downward pressure on the market. The number of bitcoins in miners' wallets has increased to 1.806 million BTC over the past two weeks.
“Miners have switched to accumulating liquid assets, because they have enough cash reserves to support their activities, which they raised during the rise of bitcoin from $20,000 to $40,000. Or, most of them are holding coins in anticipation of further appreciation,” Flex Young, CEO of Hong Kong-based Babel Finance, told CoinDesk.
Miners receive income in cryptocurrency, but they pay fiat to service providers, so they are forced to sell part of the mined coins. The volumes of such sales depend on current market conditions and expectations of the bitcoin price behavior.
Starting from March 31, miners started accumulating BTC reserves again. Whereas for four months before that, they reduced their positions, converting bitcoins to fiat. The largest volumes of cryptocurrency, from 17,000 to 24,000 BTC per day, were sold by them in January 2021.

- CNBC TV presenter Jim Kramer would switch entirely to cryptocurrency, and it would take him several years. He has already reached the point of demanding that his salary be paid in bitcoins. Apparently, he was influenced by the news that the MicroStrategy company began to pay remuneration in bitcoins to its members of the Board of Directors. Kramer named MicroStrategy a leader in Bitcoin adoption in his Mad Money program, predicting that other companies would follow suit.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Apr 07, 2021 4:29 pm
CryptoNews

[You must be registered and logged in to see this image.]

- Attackers demanded 5 BTC (about $275,000), threatening to detonate bombs in two business centers of St. Petersburg, the second largest city in Russia. According to local media reports, the Fort Tower and Renaissance Park business centers received ransom threats by e-mail. However, no explosive devices were found after people were evacuated and buildings were inspected. The police are looking for extortionists.

- Investor and TV star Kevin O'Leary said in a comment to CNBC that he would only buy eco-friendly digital gold. According to him, within a year or two, the crypto community will divide bitcoin into two types: "clean", that is, mined using renewable energy, and "dirty" or "bloody" - mined using "dirty energy."
O'Leary added that environmental concerns were coming to the fore with regard to digital gold. “I don’t buy coins if I don’t know where and when they were mined. Not from China. No “bloody” coins,” the investor said. However, he did not specify where he buys "clean" bitcoin and how he determines its origin.
According to analysts' calculations, the annual emissions into the atmosphere from cryptocurrency mining are about 60 million tons of carbon dioxide. In other words, $1 billion worth of bitcoin mining is equivalent to annual carbon emissions from 1.2 million cars.

- According to CoinDesk, the Sacramento Kings NBA basketball club will provide an opportunity for the team and support staff to get paid in the first cryptocurrency. This was stated by its owner. The club plans to give official confirmation this week. The publication believes that such a move will secure the Kings a status as the most crypto-friendly professional sports team in the United States.

- Experts of the JPMorgan bank called the rate of $130,000 as the long-term goal for the first cryptocurrency, having lowered the bar from $146,000 due to the fall in gold quotes, Business Insider reports.
The bank's analysts made such a forecast based on the calculation of the theoretical capitalization of the first cryptocurrency in the event of an inflow of funds from the gold market, for which the cryptocurrency is becoming a digital alternative. According to JPMorgan, the precious metal has outflowed $20 billion since mid-October, while companies have poured $7 billion in bitcoin.
The long-term target for the cryptocurrency rate is based on the idea that its volatility and the volatility of gold will converge. But the bank recalled that this is a long-term process: the realized three-month asset volatility is 86% and 16%, respectively so far.

- The famous American rapper Snoop Dogg said that he is a big bitcoin supporter. “I believe in bitcoin and the technology that makes global interaction possible,” he said.
The rapper has already become familiar with the volatility of the crypto market and understands that the fall in price does not reflect the initial value of the asset. Price is not the main determinant of the reliability of the leading cryptocurrency for him. “I don't follow the coin rate too much, because I've been on the market for a long time and got used to rate jumps. I am sure that bitcoin is for a long time, ”says Snoop Dogg. “The future is happening right before our eyes. I don't think bitcoin is just a consequence of the pandemic. It only adds fuel to the fire. "

- Many "bitcoin bulls" in the expert environment say that the largest digital currency will be able to bypass gold in terms of capitalization in the future. In this case, the value of all bitcoins should grow 10 times and exceed the $11 trillion mark. The authors of the study conducted by Ark Invest, stress that this could happen over the next few years. "We believe that bitcoin is better than gold and it's safe to say that it will capture gold market share or even more."
Commenting on a recent speech by the US Treasury Secretary in which she criticized bitcoin, Ark Invest experts say Janet Yellen used outdated arguments when she said that criminals were using cryptocurrency for money laundering.

- Billionaire and founder of the crypto bank Galaxy Digital Mike Novogratz agrees with the forecast of Ark Invest. He stated In a comment for CNBC that he was shocked by the pace of digital asset adoption. The investor also admitted his previous forecast of the price of the first cryptocurrency of $60,000 too conservative. “Bitcoin is on the inevitable path to reaching and exceeding the capitalization of gold,” said Novogratz.
According to CompaniesMarketCap, the total market value of gold at the time of writing is $10.8 trillion. According to CoinGecko, the capitalization of the first cryptocurrency is around $1.1 trillion.

- Domain name registrar GoDaddy put up Roger Ver's Bitcoin.com domain for sale for $100 million earlier this week. Upon discovering the ad, the owner said it was “100% fake” and contacted GoDaddy with a demand to remove the domain from sale. And that was done. At the same time, there were no official comments and explanations from GoDaddy representatives.

- Rich Dad Poor Dad author, investor and entrepreneur Robert Kiyosaki has suggested in a recent interview that bitcoin could reach a value of $1.2 million over the next five years. Kiyosaki first bought the cryptocurrency last year when it was trading at $9,000 after the pandemic actually shackled the global economy. “I wish I could buy it for 10 cents, like many people did, but I still look like a genius because today it costs about $55,000. I think that in another five years it will grow to $1.2 million,” the entrepreneur announced.
At the same time, even though Kiyosaki has turned into a defender of bitcoin, he still prefers gold and silver for main investments, explaining this by the fact that the cryptocurrency is outside the regulatory field.

- Large investment bank Morgan Stanley has filed an application with the US Securities and Exchange Commission (SEC), according to which 12 funds of the bank will be able to invest in BTC. Each of the funds indicated in the application will be able to place up to 25% of the capital in the first cryptocurrency. “Certain funds can indirectly invest in bitcoin through fiat-settled bitcoin futures or through investments in the Grayscale Bitcoin Trust (GBTC). The investments will go through a subsidiary registered in the Cayman Islands. At the same time, the fund may not have investments in bitcoin at a certain point,” the application says.

- Billionaire Mark Cuban revealed that he has concentrated 60% of his cryptocurrency investment portfolio in bitcoin, 30% in Ethereum, and 10% in other digital assets. Cuban called bitcoin the best alternative to gold, and Ethereum - the most similar to a real currency. “I wish I had bought Ethereum earlier. I started doing this only four years ago,” added Cuban, and compared the growth of Ethereum to the development of the Internet in the late 90s.
According to him, it is this altcoin that matches his ideas about the correct form of money due to its decentralized economy based on smart contracts.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Mar 31, 2021 7:32 pm
CryptoNews

[You must be registered and logged in to see this image.]

- The capitalization of bitcoin for the first time exceeded $1 trillion in mid-February. And, although many analysts doubt the continued growth, ARK Invest CEO Catherine Wood believes that the first trillion in the capitalization of the first cryptocurrency is only the first step.
“If we calculate the potential demand for bitcoin, given the limited supply of coins, we get huge numbers in the long run. Now is just the beginning, and the capitalization of $1 trillion is nothing compared to the indicators of the future, "- said the CEO of ARK Invest at a conference held by the Chicago Board Options Exchange.
The demand for bitcoin from institutional investors who are trying to hedge inflation risks with cryptocurrencies has become one of the most important things. At the same time, they buy bitcoin for a very long time and increase the number of coins withdrawn from circulation.
“We see Square, Tesla, MicroStrategy and others buying bitcoin. Cryptocurrencies dominate the business of these companies now. And the announcement of the sale of Tesla for BTC will allow you to do business in any region without wasting time and money on exchanging fiat currencies." So, the current position is only the beginning of a bullish cycle, Catherine Wood emphasized.

- The PayPal payment system is going to provide its customers with the opportunity to pay in bitcoins in all stores that are partners of the company in the near future. We are talking about approximately 29 million retail outlets around the world. According to Reuters, in addition to the main cryptocurrency, PayPal also plans to introduce support for payments in Bitcoin Cash, Ethereum and Litecoin. Reuters noted that it is not about direct payment of goods and services with the help of bitcoin and other cryptocurrencies. All assets will be automatically converted to fiat in real time. This will make the option available in all countries where PayPal operates. 
It will also be possible to transfer funds in real time to debit or credit cards. PayPal CEO Dan Shulman noted that there will be no fees for cryptocurrency transactions.

- Miami Mayor Francis Suarez wants to make the city the hub of bitcoin mining. According to him, 90% of miners extract the first cryptocurrency using "dirty energy" outside the United States. “This is the reason why bitcoin mining is considered a dirty business,” said Suarez.
According to him, the United States is ready to provide large bitcoin miners with access to renewable energy sources. He is confident that America should mine more digital gold, including for reasons of national security and environmental protection. “We have nuclear, which means clean energy, which is practically unlimited,” added Suarez.
According to the bitcoin energy consumption index Digiconomist, the indicator renewed its all-time high on March 28: the annual consumption reached 89.9 TWh.

- Enthusiasts used the Game Boy handheld gaming system to mine cryptocurrency. A video about this was released on a YouTube channel. Only the 4 MHz Sharp processor installed in this game console was used directly for mining. The system issued a 0.8 H/s hashrate. However, the result is not very encouraging: with a bitcoin rate of about $55,000, it will take 50 thousand years to mine $1.

- Latvian airBaltic was the first airline in the world to add bitcoin as a way to pay for its flights. According to the company, about 1000 customers have used this option since its integration. And now airBaltic has added the ability to buy tickets with Ethereum, Dogecoin, Bitcoin Cash, USD Coin, Binance Dollar, Gemini Dollar and Paxos. Airline prices are denominated in euros. The BitPay payment service automatically converts cryptocurrencies into fiat upon purchase.

- Popular cryptocurrency analyst Willy Woo said that we will see the final stage of the explosive growth of the first cryptocurrency this year, which will be the last for a three-year "bullish cycle". Now the bitcoin rate is at a local bottom and there is no point in selling your BTC reserves. On the contrary, this is a good time to develop the position.
“You have to be crazy to sell right now. At the bottom, bitcoin is now being bought up in huge volumes,” the analyst noted. In support of his statement that bitcoin is unlikely to decline anytime soon, Woo recalled large-scale transfers of BTC from the Coinbase cryptocurrency exchange to cold wallets - this suggests that the "whales" are buying and are waiting for the growth of the first cryptocurrency.

- Canadian mortgage broker Mogo with a capitalization of $435 million has launched a new program: the users will be able to receive cashback up to $2,460 when applying for a mortgage and use it to buy bitcoins. The program works both when applying for a new mortgage, and when refinancing an existing one.
“Given the volatility and speculative nature of bitcoin, more Canadians are looking for an opportunity to participate in BTC trading without investing their own money. Our program is designed for just such customers,” explained David Feller, CEO of Mogo.

- During the current cycle, the price of the cryptocurrency has risen by almost 500% since October and has updated highs above $60,000. Bitcoin rallied during the first two months of 2021 but ran into a hurdle in March. Historical data shows that bitcoin may continue to rise in April after the March rollback.
“The season may be the determining factor. - Danny Scott, head of CoinCorner exchange, said in a conversation with Forbes. - April always stands out because it marks the end of the UK and US tax period. If we start from historical information, April may well end with an upswing."
So, the data shows that bitcoin has risen by an average of 51% in April over the past 10 years. If this scenario is repeated, its price may be around of $80,000 by the end of the month.
There were only two negative months of April: in 2014 (minus 6%) and in 2015 (minus 4%). But both of these times happened on bearish cycles, and therefore it is worth taking into account the "current sentiment in the industry." “Now we are, by and large, experiencing a bullish period, and momentum is consistently forming every week,” said Scott.

- Norwegian billionaire and investor Oystein Stray Spetalen was actively criticizing bitcoin on March 18. “The only conclusion I came to in the course of my analysis is that bitcoin consumes as much electricity today as the whole of Norway. This is extremely harmful to the environment. - he was indignant at the DNB conference. - The authorities and the EU should immediately ban it. This is just nonsense. The existing payment systems are doing an excellent job with their tasks."
And now, just a few days later, Spetalen unexpectedly announced during an interview with Finansavisen that he had become an investor in the Norwegian crypto exchange Miraiex. “When facts change, so do I. I met with the founders of Miraiex and realized I was wrong. And when I read that Kjell Inge Rokke also joined bitcoin, the choice became obvious. I can’t allow him to make money, but me not,” Spetalen said.
For reference: Norwegian industrial tycoon and billionaire Kjell Inge Rokke opened a 500 million kroner ($ 58.6 million) Seetee company to invest in bitcoin in early March.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Mar 24, 2021 6:40 pm
CryptoNews

[You must be registered and logged in to see this image.]

- The head of the now defunct brokerage firm Stratton Oakmont, Jordan Belfort, who was a prototype for the protagonist of the movie "The Wolf of Wall Street", admitted that he held the wrong position in relation to the bitcoin. This is reported by the Fortune magazine. Digital gold seemed to be the perfect tool for money laundering, and the former broker was sure that regulators would destroy it.
Belfort remembered predicting the fall of the first cryptocurrency on a TV show in 2017. At that time, the asset was rising to the $ 19,000 mark. “I turned out to be right then,” he recalls. “But I also thought bitcoin would go away forever. It was difficult to sell and easy to buy: these are all signs of manipulation." Now, according to Jordan Belfort, the coin could rise to $100,000.

- An anonymous user fell for a trick of scammers and sent 10 bitcoins to "Elon Musk". According to the BBC, the victim saw a link to Musk's alleged resource in the comments under one of his Twitter posts. After clicking on the link, he began a dialogue with the "manager." And the latter offered to invest a certain amount in "Musk's new project", which guaranteed huge profits.
The “manager” promised that funds would double and return to the owner about 20 minutes after the investment. But even such a short period did not embarrass the victim, and he transferred 10 bitcoins to the scammers (more than half a million dollars at the current exchange rate). And only after the “manager” stopped communicating and the funds were never returned, the “investor” realized that he had become a victim of criminals. 

- The price of bitcoin can rise to $300,000, after which the growth will be replaced by a long-term decline. Bobby Lee, co-founder and former CEO of BTCC cryptocurrency exchange, said this in an interview with CNBC.
“Bitcoin bull market cycles occur every four years, and the current one is a big cycle. I think that bitcoin may rise to $100,000 this summer,” he said. However, after reaching an all-time high of $300,000, even a small price decrease will cause the bubble to collapse. Lee suggested that the new crypto winter will last between two and three years. “Investors should be prepared for the fact that the value of bitcoin could fall 80-90% from its historical peak,” the entrepreneur added.

- Entrepreneur John McAfee said that the US authorities are using the case against him to crack down on cryptocurrencies. “The charges against me are absolutely ridiculous. The US is using me as a scapegoat to crack down on all cryptocurrencies. This is a simple and understandable truth,” he wrote from prison.
McAfee's lawyer Andrew Gordon noted that the digital asset regulation is still an emerging area for the IRS and the US Department of Justice, and McAfee's criminal tax evasion case is one of the first to involve cryptocurrencies. "It marks a turning point in the enforcement of cryptocurrency reporting," Gordon said, adding that "Mr. McAfee is firm in his innocence and we stand ready to convince the US federal courts."

- The head of the US Federal Reserve System Jerome Powell questioned the qualities of the first cryptocurrency as a tool for savings and payments. During his speech at the virtual summit of the Bank for International Settlements, Powell noted the high volatility of digital assets, because of which, in his opinion, they are useless as a means of accumulation. “They are not backed by anything and are used more for speculation, so they are not particularly popular as a means of payment. Crypto assets are more likely to replace gold rather than the dollar,” Powell said.

- According to a new study by analytical company Elliptic, the largest darknet market, Hydra, has a new way of exchanging cryptocurrency for fiat money. The vacuum-packed treasure with money is buried "5-20 cm underground", and the exact GPS coordinates are communicated to the buyer. The service fee is high - about 7% of the exchanged amount.
“This is an interesting way to cash out, but it requires you to be in Russia. This is where many Hydra users are based,” said Elliptic CEO Tom Robinson.
This same method has long been used to sell illegal substances such as drugs. And, as analysts point out, this is a rather risky way, since bandits sometimes pursue customers who are digging up the treasure and take away the "parcels". 

- Bitcoin has proven itself once again to be the best rescuer from the ineffective state financial system. The Turkish lira has fallen in relation to the US dollar by another 14% over the past week, as a result of which the residents of Turkey have begun to actively buy bitcoins. This is confirmed by the number of relevant requests in the Turkish segment of Google: it has almost doubled over the last weekend.

- WiseMining introduced the Sato boiler based on ASIC miners, which allows you to mine bitcoins and heat water. The intermediate coolant of the boiler is a special dielectric coolant. The liquid boils and evaporates in the ASIC cooling unit, the vapor rises into the tank coil and condenses, giving off heat to the water. Condensation flows back into the cooling unit of the miner.
The developers provided the possibility of connecting this water heater to the main heating system of the room. The Sato will go on sale in April 2021 and will cost $ 8,990.

- Skybridge Capital CEO and former White House communications director Anthony Scaramucci claims Elon Musk owns more than $5 billion in bitcoin through Tesla, SpaceX and personally.
Scaramucci gave his comment in the context of discussing the negative impact of mining on the environment. “No other living person has done more to protect the planet from climate change than Elon Musk. And the idea that he would invest in a “dirty asset” is absurd. The future of bitcoin mining is renewable energy sources,” he wrote.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Mar 17, 2021 5:37 pm
CryptoNews

[You must be registered and logged in to see this image.]

- Co-founder of Oaktree Capital investment company Howard Marks, with a fortune of $2.1 billion, has dramatically changed his attitude towards bitcoin. Marks called crypto currencies "unfounded fads" in 2017 The investor said that there are many things in the world that have no intrinsic value, but people want to possess them. And bitcoin is one of those things. Now the billionaire has admitted that those words were an “knee-jerk reaction” to innovation about which he had not yet had a clear idea.
Now the head of Oaktree Capital realized that bitcoin really has a lot of potential and even described the advantages of the first cryptocurrency. The most important advantage of Bitcoin according to Marks is the ability to trade it 24 hours a day while maintaining confidentiality. In addition, bitcoin has a limited supply of 21 million coins, which increases demand for them and contributes to a rise in prices. The same cannot be said for the US dollar and other fiat currencies, which are printed in huge quantities by central banks, Marks noted.

- A 38-year-old hairdresser was arrested in Romania on suspicion of stealing about $620,000 in cryptocurrency. Law enforcers found out that the detainee not only worked as a hairdresser, but also was engaged in the creation of malicious software. He hacked a large money transfer operator with its help and transferred $620 thousand to his own account in several dozen transactions.

- "Hyperinflationary collapse" of national currencies will lead to the growth of bitcoin to $220,000 this year. This is the opinion of Max Kaiser, a former trader, TV presenter and founder of the investment company Heisenberg Capital. Among other things, Kaiser is a longtime supporter of bitcoin and is known for his criticism of American economic and political models. Last summer, when the cryptocurrency was trading for about $10 thousand, he predicted its growth to $100 thousand. And, as it turned out, this was not the most daring prediction of the TV presenter.
Kaiser believes that the advantages of bitcoin in global payments make banks useless. “$5 trillion a day in the foreign exchange market can be completely replaced by bitcoin. We have realized that now it is possible to send currency from country to country instantly and practically free of charge," Kaiser said.

- Digital currencies have reached the world of sports. US fans of the Oakland Athletics California baseball team can now pay for private lodges in bitcoin. The 2021 Home Team Six-Seater Lodge Pass can be purchased for $64,800 or 1 BTC. Given the fact that at the time of writing the review, bitcoin is trading at around $55,000, it is more profitable to pay for a ticket in cryptocurrency.
The president of the club said in a comment to Sportico that the management of Oakland Athletics took such a step due to the growing popularity of cryptocurrency in California. “It is also a kind of check to see if we want to do this in other areas of our business,” he said.

- The Indian authorities will consider a bill prohibiting operations with cryptocurrencies and introducing criminal and administrative liability for miners and traders. This is reported by Reuters with reference to an unnamed high-ranking official.
The document instructs citizens to liquidate their digital assets within six months. After this period, it is proposed to levy fines from the owners. In the future, prison terms are provided for the possession, release, production, trading and transfer of crypto assets. The official refused to disclose the amount of the fines and the terms of imprisonment. However, according to him, the discussion of the document is at the final stage.
There is no official data, but according to industry estimates, about 8 million investors in India own digital assets totaling $1.4 billion at the moment.

- The author of the famous book Rich Dad Poor Dad Robert Kiyosaki has called to buy gold and bitcoin. He made this statement after the decision of the US government to allocate another $1.9 trillion to support the economy.  The economist does not exclude that the dollar will be in a state of devaluation after such large-scale injections, as a result of which many investors will begin to switch to digital assets.
At the end of last year, the author of the bestselling book stated that the cost of bitcoin would soon reach $50 thousand. And it happened about a month later. A year earlier, Kiyosaki predicted that the US currency would face serious problems amid the pandemic. As a result, the dollar did accelerate the drawdown, and many stock market indices fell to lows.

- According to JPMorgan, the volume of retail investment in bitcoin in the first quarter of 2021 exceeded the investment of institutional investors, who reduced the volume of cryptocurrency purchases. Thus, retail investors purchased over 187,000 BTC tokens, while institutional purchases amounted to approximately 172,684 BTC.
According to JPMorgan strategist Nikolaos Panigirtzoglou, the decline in institutional investment may be one of the reasons bitcoin has not been able to gain a foothold above $60,000 so far. All the attention is focused on the growth of retail investment now, especially given the new round of direct payments to US citizens as part of the economic stimulus program.

- According to a study by Mizuho Securities, of the $380 billion that US citizens will receive in the form of economic assistance, about 10% can be spent on the purchase of two types of assets: bitcoin and stocks. The study found that two out of five Americans who expect to receive checks in the coming days intend to use some of these funds for investment. According to Dan Dolev, Managing Director of Mizuho Securities, bitcoin is expected to account for 60% of the total investment, which could add about 3% to the market capitalization of the cryptocurrency.

- Bitcoin has become the most profitable investment in the last 10 years and surpassed all asset classes by at least 10 times, providing an average annual return of 230%. Charlie Bilello, founder and CEO of Compound Capital Advisors wrote about this achievement.
The Nasdaq 100 came in second with an annualized return of 20%, followed by US stocks with a market capitalization of more than $10 billion with an annualized return of 14%.
Also, studies have shown that gold has shown a meager return of 1.5% per annum since 2011, and five of the last 11 years have brought losses to this asset. The precious metal has dropped 8.5% since early 2021, according to Gold Price, much to the chagrin of an implacable bitcoin critic and gold investor, President of Euro Pacific Capital, Peter Schiff.
Since 2011, BTC's combined profit has been a whopping 20 million percent. 2013 was the most successful year for bitcoin as it grew by 5507%. In addition, it is important to note that BTC has shown an annualized loss in just two years of its history: it fell 58% in 2014 and 73% in 2018.

- Spencer Schiff has decided to move his entire portfolio to bitcoin. His father, the aforementioned Peter Schiff, shared this with his Twitter readers. He expressed concern about the manipulation of fragile minds during a bull rally in the cryptocurrency market.
The famous bitcoin critic clarified that his son sold the remaining silver to buy the first cryptocurrency. “My son went for broke the last time bitcoin dropped below $50,000. 100% of his portfolio is now in Bitcoin. If my son has been so brainwashed, imagine how vulnerable most children are. He will "hodl" bitcoin indefinitely or go broke. "
The crypto community has responded positively to the complaints of the "golden beetle", expressing confidence that investing in bitcoin will make Schiff's son richer than his father. “At least someone in your family will increase their wealth this year,” wrote Anthony Pompliano, co-founder of Morgan Creek Digital.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Mar 10, 2021 4:42 pm
CryptoNews

[You must be registered and logged in to see this image.]

- The price of bitcoin at the moment is most correlated with real estate prices, and in the future, bitcoin will become similar to low-risk instruments like bonds and will enter the recommended portfolio of investors. This was announced by the head of ARK Investment Cathie Wood on CNBC. “I think the first cryptocurrency will behave like fixed income markets,” Wood said. “We have survived a 40-year bond bull market. And we won't be surprised if this new asset class becomes part of the investment portfolio. Perhaps it will be 60% stocks, 20% bonds and 20% cryptocurrency.” Renowned bitcoin critic Peter Schiff, president of Euro Pacific Capital, called Wood's predictions "outrageous."

- The US Internal Revenue Service (IRS) sent out letters to cryptocurrency holders demanding to pay off large debts to the state. And now, according to Forbes, this agency has launched Hidden Treasure operation to search for residents who hide their income from transactions with digital assets. According to IRS legal counsel Carolyn Shank, the agency is working with private contractors to identify clear signs of violations. "We see you," Shank added menacingly.

- One of the oldest private banks in Germany, Donner & Reuschel, headquartered in Hamburg, is going to add services for the purchase and storage of crypto assets for its clients. Due to high demand, it is planned to launch these services “as soon as possible,” the bank said in a statement.
Donner & Reuschel was founded in 1798 and manages assets worth about $10.7 billion. The bank plans to "intensively engage" in asset tokenization in the future in order to keep up with changes in the financial industry. “We are observing the digital asset market and are convinced of the potential of blockchain, including in relation to traditional securities transactions,” said Marcus Vitt, spokesman for the bank's board.

- The entrepreneur and creator of the famous antivirus, John McAfee, has been charged with fraud and money laundering, and now faces up to 100 years in prison. The case will be considered by the Court of the Southern District of New York. Recall that McAfee was arrested in Spain in October 2020, and now he is awaiting extradition to the United States. Another person involved in the process will be the executive advisor of the cryptocurrency team of the entrepreneur Jimmy Gail Watson Jr., who has been recently taken into custody.
The first charge concerns the manipulative appreciation of altcoins using the Pump&Dump scheme on Twitter. McAfee posted tweets advertising certain coins, leading to an active increase in their price. When quotes peaked, members of McAfee's team sold these altcoins and took profits. Another issue concerns undisclosed fees for participating in the ICO promotion.
“McAfee and Watson made nearly $2 million by using social media to perform Pump&Dump schemes. They also used the same platform to promote tokens without disclosing information about the reward received from the ICO organizers. This brought them another $11 million,” the prosecutor's office said in a statement.

- Bitcoin is becoming an increasingly popular asset among a wide variety of categories of investors and is gradually replacing gold in their portfolios. This is stated in the February report of analysts from Bloomberg.
“The process of replacing gold in [investors'] portfolios with bitcoin is accelerating and we are seeing the risks decrease. In 2020, the cryptocurrency became attractive because of the decrease in its volatility compared to the previous year,” the authors of the report emphasize. The shrinking range of price fluctuations signals that bitcoin has actually become an alternative to traditional investment assets.
Bloomberg team is also positive about the further rate of the main cryptocurrency. After the coin broke above $50,000, it got the opportunity to test higher values. Demand for this asset is increasing, and its macroeconomic indicators are improving. According to Bloomberg analysts' forecasts, bitcoin could reach $100,000 this year. In the long term, the growth of its value will also continue, according to the authors of the study.

- According to venture capital pioneer Tim Draper, Netflix could be the next big company to invest in bitcoin. Since bitcoin can provide a hedge against the inflationary risks associated with dollar, Draper doesn't rule out cryptocurrencies as the perfect solution for someone like Netflix founder Reed Hastings.
Hastings is a great innovator with a lot of creative ideas, and since he has power in the company, he may decide to invest some of his funds in bitcoin. According to Draper, Google may follow suit, but it is more likely that companies like Google, Facebook or Apple will want to issue their own cryptocurrencies without being tied to bitcoin.

- The forecast, according to which the bitcoin rate may reach $1 million or more in the next 10 years, was announced by the CEO of the Kraken crypto exchange Jesse Powell. In a dialogue with Bloomberg reporters, he also said that bitcoin could eventually replace all major fiat currencies that are not backed by gold and other precious metals.
“Right now we are only guessing, but if you value bitcoin in dollars, then you must understand that its value tends to infinity. True "believers" will tell you that it will reach the Moon, Mars and eventually become the world's currency," said the head of Kraken. However, he agreed that there is a risk of sharp market fluctuations, and that prices could "rise or fall by 50% any day." Therefore, the term of an investment in bitcoin, according to Powell, should be at least five years.

- According to a number of futuristic experts, bitcoin will continue to grow, but due to its architecture, it will eventually burst and depreciate.
The rise in the cost of bitcoin is hardwired into its mathematics, according to Singularity University expert Evgeny Kuznetsov, and the cost of electricity required for mining is constantly growing. Already, this process consumes energy comparable to that of the Netherlands. At some point, it will require the energy of the whole world to generate just one unit. That is, there is a limitation for the growth of bitcoin: it is blocked by the amount of energy consumption. But this will not happen soon, not in a year or two, and until that moment it will be possible to make huge capital on it, the futurologist believes.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Mar 03, 2021 4:29 pm
CryptoNews

[You must be registered and logged in to see this image.]

- The trading volume on cryptocurrency exchanges in February exceeded $1 trillion. Such numbers were achieved for the first time in history, according to experts. Even during the first bitcoin rally, the trading volume reached only $650 billion. According to experts of the analytical platform Block Research, large investors prefer to carry out transactions from one account to another through third-party services in order to maintain complete anonymity. Therefore, the real number of transactions can even be twice the official amount.

- Users of the Opera browser will be able to carry out transactions with many popular cryptocurrencies directly in the browser. “We have added fundamentally new algorithms. We are talking about the Simplex payment processor, which is used in many reliable and reputable cryptocurrency wallets. We are ready to provide services on competitive terms. This is especially true of transaction fees, which we will have as low as possible,” Opera says in a press release. Another benefit would be creating a digital wallet without going to third-party sites.

- A proponent of gold, President of Euro Pacific Capital Peter Schiff congratulated those who managed to buy the first cryptocurrency before take-off and made Wall Street succumb to "this mania." It was just recently, that this bitcoin sceptic called bitcoin the largest bubble in history and unflatteringly spoke about the mental abilities of cryptocurrency investors. And now he has admitted his mistake. “When I first heard about bitcoin, I didn't think that smart investors would be stupid enough to buy bitcoin. I was wrong," Schiff wrote.

- The Google Finance platform has added a tab for monitoring digital asset prices. The new section provides real-time information on Bitcoin, Ethereum, Litecoin and Bitcoin Cash prices. This block has been added to the sections on the markets of the US, Asia, Europe and "Currencies", and makes it possible to compare the performance of cryptocurrencies with other financial instruments.

- The amount of damage from fraud with digital currencies could double in 2021 and reach $4.5 billion. This This assumption was made by specialists of Kaspersky Lab. Other popular fraudulent schemes include the closure of bitcoin exchanges under the pretext of technical problems or hacker attacks, gaining access to user data using fake applications or websites, and sending out fraudulent emails.

- The head of Galaxy Digital, Mike Novogratz, has dramatically changed the forecast for the BTC rate for the end of 2021 upwards. “We are watching one group of investors after another,” he writes. “They were Square, MicroStrategy and Tesla corporations. These were insurance companies Mass Financial and others. These are wealthy people. This is ETF. Suddenly, buying bitcoin is no longer insignificant or risky. On the contrary, it has become risky not to have BTC in the portfolio when central banks continue to print money. Our business at Galaxy is booming. We don't have enough time to hire sales managers to reach all the institutional clients who want to understand and participate in the market."
“It feels like,” says Novogratz, “we’ll stay for a bit between $42,000 and $60,000, and then the next big jump to $100,000. I will not be surprised if we reach this mark by the end of this year."

- MicroStrategy bought another 328 BTC for $15 million. It is the first purchase of crypto assets in March, following its February acquisitions worth billions of dollars. And now MicroStrategy has about 90,859 BTC purchased for $2.186 billion at an average price of $24,063 per coin.
Earlier, MicroStrategy CEO Michael Saylor said the company will continue to buy digital currency: "We are focusing on two corporate strategies: expanding the enterprise analytics software business and buying and storing bitcoin." Saylor predicts that 7-8 billion people on the planet will have a “bullion of digital gold” in the phone in the long run, which they will use as family savings.

- The Visa payment system is interested in changing the views of bank card holders due to the coronavirus pandemic. For example, a survey it conducted showed that 25% of all credit card holders in South America would like their banks to add the ability of settlements in cryptocurrency. One in four Hispanics expressed a desire to experiment with digital assets and try them out in everyday life.

- Despite the technical limitations for cryptocurrency mining, set in the Sony PlayStation 5 game console, it is quite suitable for this process at the hardware level. This was taken advantage of by a gamer and crypto enthusiast from China named Yifan Gu, who managed to bypass the restrictions and adapted the console for Ethereum mining, gaining a profit of about $50 per week. This is reported by the Gizchina edition.
Earlier, Yifan Gu adapted MacBook Air with Apple M1 chip for mining Ethereum. However, at the current rate of this altcoin, you can earn only $0.14 in one day on the MacBook Air.

- One of the experts in the field of competitive intelligence has suggested that creating and maintaining the long-term hype around bitcoin is not accidental. According to him, in case the American financial elite manages to convince its creditors that having bitcoins is better than dollars, it can transfer all external debt of the US to this cryptocurrency over time. "As soon as this happens, the cryptocurrency will only have to collapse, and America's gigantic debt will actually be zeroed," the expert reflects.

- Cryptocurrency mining requires more and more electricity, which poses a threat to humanity's path to “zero emissions.” This is reported by the Guardian, citing alarming research findings by American scientists. Thus, the amount of energy used to extract bitcoins exceeds the annual energy consumption of entire countries. “We're talking about a few terawatts, tens of terawatts of electricity per year that are used for bitcoin alone,” notes University of New Mexico economics professor Benjamin Jones, calling for measures to regulate cryptocurrency mining to reduce the carbon footprint.

- Financial industry veteran and Fidelity Investments director of macro markets Jurrien Timmer believes that bitcoin has reached the point where it can be considered for investment and hedging inflation risks. “I think gold and bitcoin are great for replacing some of the bonds,” Timmer writes in a paper titled Understanding Bitcoin.
In his opinion, the limit on the maximum number of bitcoins makes this asset very similar to gold. Moreover, the appearance of new bitcoins on the market is constantly slowing down, but the volume of gold production has remained at the same level for half a century.
Timmer's views are in line with those of SkyBridge Capital founders Anthony Scaramucci and Brett Messing. They released an article in January in which they described bitcoin as a mature investment asset, comparable in reliability to gold and bonds.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Feb 24, 2021 3:31 pm
CryptoNews

[You must be registered and logged in to see this image.]

- After bitcoin hit an all-time high of $58,275 on February 21, investors were looking forward to taking the $60,000 high. However, there was a sudden reversal and a sharp drop of 23% to $44,985. According to many experts, the trigger of the massive profit fixation by "whales" was the statement of the former head of the Fed and now the US Treasury Secretary Janet Yellen on the speculative nature of cryptocurrency and the possibility of using it for money laundering. According to analyst Sven Henrich, the head of the Ministry of Finance has actually declared war on bitcoin.
“Digital currencies can provide faster and cheaper payments. But there are many issues to be explored, including consumer protection and money laundering,” Janet Yelen said, also mentioning the possibility of launching the Central Bank's own digital currency (CBDC).
The fall in bitcoin could also have been facilitated by the fall in global indices of technology companies, as well as the beginning of a large-scale vaccination against coronavirus.

- According to Bloomberg, against the background of the decline in the bitcoin rate, the head of Tesla and SpaceX, Elon Musk, lost the first place in the ranking of the richest people on the planet. Tesla shares fell 8.6%, causing Musk to lose $15.2 billion. Shortly before the decline, the company announced that it had added $1.5 billion in bitcoin to its balance sheet. At the same time, the fall in bitcoin, according to Bloomberg, may be partly related to the statement of Musk himself, who called the prices of cryptocurrencies too high.

- Due to technical failures, some customers of the Philippine crypto exchange PDAX were able to buy bitcoin almost 10 times cheaper than the market price, Bitpinas reports. One of the users admitted that he bought bitcoins for 300,000 pesos ($6,150), while the average market price of BTC was about $50,000, after which he transferred the cryptocurrency to his wallet.
A day later, PDAX sent him a letter demanding the return of the bitcoins, but the buyer's lawyer claims that "the transaction was legitimate, in accordance with applicable laws, and PDAX cannot withdraw transactions unilaterally."
Another client of this crypto exchange unexpectedly found 40 billion Philippine pesos or about 820 million dollars in his account. It is not reported whether he was able to withdraw this "gift" from PDAX.

- Three platforms - Binance, Huobi and OKEx - account for 75% of the total trading volume on crypto exchanges, according to BDCenter Digital. The safest exchanges were Kraken, Coinbase and Binance. 
The study showed that the number of cryptocurrency users has almost tripled since 2018 and reached 191 million users from over 150 countries in the third quarter of 2020. At the same time, the researchers emphasize that the availability of an exchange in a country does not mean the actual availability of all its products and functionality. So the purchase of cryptocurrencies using a credit card is supported only by 65% of sites.

- One of the world's largest money transfer services, MoneyGram, refused to use the product based on the XRP token due to the claims of the US Securities and Exchange Commission (SEC) against Ripple. This is stated in a report by the company.
Against the backdrop of SEC claims, in addition to MoneyGram, Coinbase and OKCoin, Galaxy Digital, Bitstamp, B2C2, eToro and Kraken have already refused to support the XRP token. Asset management company Grayscale Investments announced the liquidation of an XRP-based investment trust, and 21Shares has excluded the Ripple token from its traded exchange products.

- Australian authorities have charged a Sydney resident suspected of drug trafficking, money laundering and bitcoin money laundering for a total of $4.3 million. The police found two bags with $1 million in cash in his car, and seized mobile phones, a laptop and a batch of illegal substances from his home.
Recall that in January 2021, the owner of the RG Coins cryptocurrency exchange Rossen Iosifov already received 121 months in prison for laundering about $5 million using digital assets.

- Analysts reviewed publications about cryptocurrency exchanges in various media. Cointelegraph was the leading media outlet by the number of articles. The first place in popularity was taken by English, the second - Russian.
According to BDCenter Digital, 12 out of 100 Twitter posts are about cryptocurrency. In just the week of February 7-14, Twitter users mentioned bitcoin over 675,000 times. The last record was set on January 10, when the weekly number of posts mentioning bitcoin reached 576,000.

- According to a responsible representative of the Russian Orthodox Church, it does not plan to create its own cryptocurrency to accept donations. The church has also refused to accept bitcoins and other cryptocurrencies. At the same time, according to Metropolitan Hilarion, believers may well make donations to the church using the phone.

- According to the co-founder of Morgan Creek Digital Assets Anthony Pompliano, the main cryptocurrency may reach $500 thousand by the end of this decade, and even $1 million in the long term.
However, the growth of cryptocurrency quotes may stop due to the rapid recovery of the global economy after the recession caused by the coronavirus epidemic. In this case, central banks will begin to roll back their quantitative easing programs, raise interest rates, stop buying assets and printing cheap money. As a result, investment flows into bitcoin, as one of the most attractive safe havens, can dry up very quickly.

- The largest developer of graphics processors, the American technology company Nvidia has announced plans to release a series of video cards specifically for mining the Ethereum cryptocurrency, which is the second after bitcoin. According to CNBC, the new type of GPU is called CMP (Crypto Mining Processor) and can appear in the market already in March 2021.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Feb 17, 2021 3:31 pm
CryptoNews

[You must be registered and logged in to see this image.]

- Kiss bassist Gene Simmons invested a seven-figure sum in bitcoin. According to him, he bought the cryptocurrency several months ago at a time when it was almost twice as cheap as it is now. Simmons did not name the exact amount of the investment but noted that he had already managed to seriously increase his capital.
“Many people wonder if I believe in a further growth in the value of bitcoin. Of course, I do. Otherwise, I would not have spent money on a dubious asset. The future has already arrived, and new tools for earning and storing savings are appearing in our lives,” Simmons explained.

- Lisa Edwards, sister of self-proclaimed bitcoin creator Craig Wright, predicted that the first cryptocurrency would rise to $142,000. Based on Elliott Wave Theory, she suggested that digital gold would rise to $90,000 by May 2021, decline to $55,000 by January 2022, and skyrocketing to $142,000 in March 2023. After that, according to Edwards, the cryptocurrency market expects a bearish trend.
“Satoshi Nakamoto did not consider supply and demand. In a closed market with high demand and limited supply, the price can increase in large leaps, leading to significant increases in short periods,” she wrote.

- As the CoinDesk publication reports, the income of bitcoin miners over the past week reached a new maximum of $354 million against the background of the movement of the first cryptocurrency to the $50,000 mark. The previous record figure in seven days was $340 million and was recorded in December 2017.

- BNY Mellon, the oldest bank in the United States, announced the start of work with bitcoin and other digital assets through the launch of a new cryptocurrency storage service. According to CNBC, the bank will allow cryptocurrencies to pass through the same financial network that it currently uses for traditional assets like treasuries and stocks. 
Roman Regelman, head of digital at BNY Mellon, said the financial institution is proud to be the first global bank to announce plans to provide integrated services for crypto assets. He noted that the bank will be able to start offering these services to clients this year.

- Another major US bank, JPMorgan Chase is ready to support bitcoin trading if clients are interested in it, announced the bank's co-president and chief operating officer Daniel Pinto. “If, over time, an asset class develops that will be used by various managers and investors, we will have to get involved,” he told CNBC. "There is no demand yet, but I'm sure it will appear at some point."
It became known that JPMorgan Chase organized a virtual meeting in January with the participation of thousands of traders and sales professionals from different parts of the world, during which it inquired about their interest in trading BTC. 
Last week, according to CNBC, another bank, Goldman Sachs, convened a closed forum for employees and clients with the participation of Galaxy Digital CEO Mike Novogratz, where he spoke about bitcoin, Ethereum and other digital assets.

- The owner of the Vietnamese Internet cafe Star Computer has redesigned the business to mine Ethereum. The idea came to the entrepreneur after the number of visitors to the computer club dropped markedly due to restrictions associated with the COVID-19 pandemic. “I am changing the business model: the profit is higher than from the main activity,” he announced.

- Bloomberg said that the founder of Telegram Pavel Durov bought $750 worth of bitcoins about four years ago. According to the publication, after the sale of a stake in the social network VKontakte he founded, the entrepreneur left Russia, owning $300 million and 2,000 BTC. At the moment, the cost of his initial investment in the leading cryptocurrency has reached $100 million.

- Another piece of news regarding Telegram. Telecommunications company T-Mobile has become a defendant in the lawsuit. California resident Calvin Cheng has filed a lawsuit in New York City after losing $450,000 as a result of SIM swapping - an account hack through SIM swapping.
According to Cheng, he acquired the cryptocurrency by negotiating via the Telegram messenger and using a crypto exchange operated by Iterative Capital. A few months later, in May 2020, he received a message, also via Telegram, from the phone number of Iterative Capital co-founder Brandon Buchanan. He offered a higher price for 15 bitcoins. Cheng transferred the cryptocurrency to the specified wallet, but the money for bitcoins never arrived. A few days later, Buchanan notified customers that his accounts had been hacked using SIM swapping.
The co-founder of Iterative Capital used the services of T-Mobile, and Cheng believes that the company violated obligations to protect the personal and financial information of customers, and, in addition, was negligent in hiring and training support staff, and therefore it is obliged to reimburse him for the losses incurred. 

- UK police, with the support of Europol, have arrested eight suspects in SIM card fraud. According to law enforcement officers, fraudsters have stolen money and crypto assets worth $100 million. The attacks were carried out throughout 2020 from the UK, and the victims of the scammers living in the United States were "famous influencers, sports stars, musicians and their families."
Fraudsters uploaded identification information from SIM cards of victims' phones to their cards, thus gaining control over their crypto wallets and bank accounts.

- It became known that the Mayor of Miami (USA) Francis Suarez has already taken a number of steps to legalize cryptocurrency as an investment and payment instrument. “We have made bitcoin an available currency for potential investors. In addition, employees can receive salaries in cryptocurrency, which is a huge step forward,” he wrote on Twitter.
New York Mayor and former presidential candidate Andrew Young and Reno, Nevada Mayor Hillary Shiv supported Suarez's decision.  And Andrew Young said that he would try to make the financial centre of the world become a centre for cryptocurrencies.
According to a number of experts, such steps and statements by US politicians and officials have a positive impact on the price of bitcoin and other cryptocurrencies.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Feb 10, 2021 4:07 pm
CryptoNews

[You must be registered and logged in to see this image.]

- Forbes compiled a list of the wealthiest representatives of business in the field of cryptocurrency, following the results of 2020. It is headed by the CEO of the Coinbase crypto-exchange Brian Armstrong with $6.5 billion, followed by the head of the FTX cryptocurrency exchange Sam Bankman-Freed with $4.5 billion and the co-founder of Ripple Chris Larsen - $2.9 billion.
The ranking  also includes: the head of MicroStrategy Michael Saylor - $ 2 billion, CEO of the Binance exchange Changpeng "CZ" Zhao - $1.9 billion, the founders of the Gemini exchange, the Winklevoss brothers - $1.6 billion each, founder of the venture capital company Digital Currency Group Barry Silbert - $1.5 billion , co-founder and former CTO of Ripple Jed McCaleb - $1.4 billion, venture capitalist Tim Draper - $1.1 billion and co-founder of blockchain startup Bloq Matthew Roszak - $1 billion.
When preparing the rating, the Forbes magazine took into account not only the value of the digital assets of the persons involved, but also their traditional assets, including the shares of various companies.

- According to Reuters, the German prosecutor's office is unable to access a wallet with more than 1,700 bitcoins with a total value of about $75 million. The account holder, who was found to be a fraud, refuses to testify against himself and provide access keys. Currently, law enforcement officers are looking for ways to "get close" to these assets through exchanges and wallet operators in order to return them to the victims of the criminal.
The fraudster was sentenced to two years in prison for installing phishing software on third-party computers, with which he deducted funds from the victims' accounts and transferred them to his own wallet. The prosecutor explained that the offender was offered mitigation of punishment if he provided data on the whereabouts of the coins, but he refused. The size of the criminal's assets has significantly increased against the background of the latest bitcoin rally, and it is possible that he is going to use them after his release.

- American children's charity Songs of Love created Superhero Billy Bitcoin to boost interest in their work. Crypto donations to such non-profit organizations in the United States are tax-free. “Donating in a cryptocurrency like bitcoin is even more efficient than cash. You don't have to pay capital gains tax and can deduct that amount from your taxes,” said Songs of Love. The fund accepts donations in 22 digital assets, and the Superhero Billy Bitcoin is dedicated to supporting children with serious illnesses.

- The price of bitcoin could rise to $100,000 as early as the end of 2021 if other companies follow Tesla's lead, the founder of cryptobank Galaxy Digital Mike Novogratz said in an interview to Bloomberg . Elon Musk's company announced the investment of $1.5 billion in Bitcoin on Monday, February 8. Tesla admitted that in the future they will integrate the first cryptocurrency as a means of payment for their products.
Novogratz called Elon Musk a genius in his decision to listen to people and evaluate the interests of young people. According to the billionaire, other companies will invest in the first cryptocurrency to hedge inflation risks. “You'll see that every company in America will soon start doing the same,” stated Mike Novogratz.

- Due to the shortage of discrete graphics cards in the market, gaming laptops have become popular among Chinese Ethereum miners. As calculated by the Techarp portal, the payback period for such a computer costing from $1000 is approximately three and a half months.
One laptop with a RTX 3060 video card is able to get 0.00053 ETH ($0.92 at the moment) within two hours. That is, the mining will amount to 2.3 ETH (over $4000) for the year, and a farm of 20 laptops at current prices and taking into account the cost of electricity in China will bring more than $76,800 in profit.

- North Korea has been able to upgrade its nuclear weapons and ballistic missiles by using funds stolen in cyberattacks, to finance. According to the Associated Press citing UN experts, these attacks mainly targeted financial institutions and cryptocurrency platforms, and the total amount of the digital assets stolen in the period from 2019 to November 2020 is more than $316 million. Experts say North Korea continues to launder cryptocurrencies stolen by its hackers mostly through Chinese over-the-counter platforms. 

- The authorities arrested a 37-year-old Wisconsin resident on charges of attempting to arrange a bespoke homicide. This is stated in the message of the US Department of Justice. The woman found the killer on the darknet, offering to pay for his "work" in cryptocurrency, and provided him with a phone number, place of work and a description of the alleged victim.
Journalists of one of the media learned about the upcoming crime while working on material about transactions in the darknet. They found evidence of a Bitcoin transaction, as well as a screenshot of a wallet with $5,633 in cryptocurrency, after which the reporters contacted the law enforcement. Now the alleged customer faces up to 10 years in prison.

- One of Mexico's richest people (the fortune of $11.7 billion) and founder of Grupo Salinas group of companies Ricardo Salinas Pliego added a Bitcoin hashtag to his Twitter account description. Recall that the founder of Tesla and SpaceX Elon Musk did the same in January, after which the asset rose to $38,000.
Earlier Pliego admitted in a Cointelegraph commentary that he first bought digital gold in 2013. He sold the asset at $17,000 during a bull rally in 2017 and called the bitcoin “the best investment of all time.”

- Specialists of financial and investment company Guggenheim Partners said that the value of bitcoin could reach $600,000. According to the company's investment director, Scott Minerd, everything will depend on the number of coins in the public domain. “Cryptocurrency can rise to very high values. It is possible that we are talking about 400 or even $600,000 per coin. We have been studying the asset for almost ten years, so we understand how it will behave. Bitcoin used to be unjustified for institutional investors, but now everything has changed,” Minerd said.
According to the specialist, the concern is caused by the rapid growth of the asset in the past few weeks. It is possible that we are talking about speculation, in which institutional investors capable of large investments to manage the value of the coin are involved. At present, bitcoin is in a difficult situation, as the departure of large investors will lead to a return of the negative trend. According to Minerd, such a development is unlikely, but it should definitely be taken into account.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
avatar
Stan NordFX
Number of messages : 103
Points : 937
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/

attention Re: CryptoNews of the Week by NordFX

Wed Feb 03, 2021 4:16 pm
CryptoNews

[You must be registered and logged in to see this image.]

- Bitcoin price could drop again ahead of Chinese New Year. According to a number of experts, this time the price of the main coin will be affected by the actions of small investors who will begin to transfer crypto assets to fiat to buy New Year's gifts.
Currently, it is in China that the bulk of the owners of bitcoin wallets with savings of up to 10 thousand dollars are concentrated. “Even if institutional investors do not react to the possible strengthening of the dollar and stock markets, small investors will definitely start withdrawing funds before the holidays. The New Year is usually celebrated very lavishly in China. In addition, the charts for the past few years show that exactly on the eve of the holidays, the capitalization of bitcoin is greatly decreasing, the specialists of the investment company Stack Funds explain the situation.

- According to Cryptofeed.news, a bug was found in Apple devices, due to which attackers can gain access to cryptocurrency wallets. Pete Kim, chief engineer of the Coinbase trading platform, noted that the bug represents the ability to activate remote access mode from other devices. This means that criminals who can enable this option will be able to get to banking apps or wallets.
“So far there is no evidence that the bug could have been used to steal digital assets, but it’s better just not to bring it up,” explained Kim. Apple has not yet commented on this software flaw.

- The first cryptocurrency is on the cusp of widespread adoption by the traditional market. This was stated by the founder of Tesla and SpaceX Elon Musk during a conversation on the Clubhouse media platform. According to him, many friends urged him to buy bitcoin. And today he has to admit that he was "late to appear at the party."
“I'm a bitcoin supporter. I believe the financial world is close to its wide acceptance. But I have no opinion about other cryptocurrencies, "- Forbes quotes the words of the billionaire.
Elon Musk also promised that he would be more careful with his comments because of the great impact they have on the market. Recall that he has recently changed his Twitter profile description to "#bitcoin" with the cryptocurrency logo, after which the coin's price jumped sharply, exceeding $37,000.

- On February 2, MicroStrategy, an analytical software company, bought an additional 295 BTC for a total of $10 million. The average purchase price was $33,808. In total, the company acquired 71,079 BTC starting from August 2020, spending $1.145 billion on it. At the time of writing, the total value of bitcoins in MicroStrategy's reserves is $ 2.55 billion, that is, its return on investment (ROI) in six months was about 120%.

- The US authorities have accused a California resident of running an illegal cryptocurrency exchange and money laundering. Hugo Mejia, 49, from Ontario reportedly launched his service in May 2018. He advertised the platform on the Internet and met with clients in person in a cafe and corresponded with them using encrypted messages. During this period, Mejia's clients exchanged more than $13m worth of assets with his help.
From May 2019 to March 2020, the manager communicated several times with a front buyer who informed him he was an Australian drug dealer. In total, the front client conducted five transactions worth more than $250,000, after which Mejia was arrested. He will appear in the U.S. District Court in March and faces up to 25 years in prison.

- The number of unique active BTC addresses reached 22.3 million in January amid growth in network activity and the rate of the first cryptocurrency, which rose to $42,000 on January 8. “This is the highest rate in the history of bitcoin to date,” say analysts at Glassnode. The January surge in activity surpasses the previous record of 21 million active addresses in December 2017, their number has not fallen below 10 million per month since then.

- Specialists of the analytical platform CryptoQuant noted in recent days the movement of large volumes of bitcoins. 15,200 BTC was withdrawn from the Coinbase exchange alone at a cost of about $500 million. Coins were withdrawn in batches from 1,100 BTC to 4,400 BTC, which is a rare occurrence. Usually, crypto exchanges do not split transfers in this way when moving coins between their own wallets, as this leads to an increase in overhead costs.
According to the founder of CryptoQuant, Ki Yong Joo, bitcoins went to custodian wallets, on which only incoming transactions were noticed. “These are probably over-the-counter deals of institutional investors. And I consider this to be the strongest bullish signal,” he wrote.

- Visa CEO Alfred Kelly spoke about plans for cryptocurrency payments during a teleconference on the company's financial activities. He noted that the company is ready to make such payments more secure. Visa plans to work with wallets and exchanges so that users can not only buy crypto assets, but also cash them in and make purchases in fiat currency without prior conversions.
Visa currently distinguishes between two classes of cryptoassets: assets like bitcoin - digital gold, and assets backed by fiat currencies, including stablecoins and central bank digital currencies. “It goes without saying that if a particular digital currency becomes a recognized means of exchange, there is no reason why we cannot add it to our network, which already supports over 160 currencies today,” concluded Kelly.

- According to a report from research firm Binance Research, bitcoin remains the leading cryptocurrency as 65% of users have it in their investment portfolio. This figure was obtained by a survey of 61,000 users from 178 countries. The document, called the 2021 Global Cryptocurrency User Index, says that 52% of users consider cryptocurrency to be a source of current income, while the rest own digital assets, considering them part of a long-term investment strategy.


[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Sponsored content

attention Re: CryptoNews of the Week by NordFX

Back to top
Permissions in this forum:
You cannot reply to topics in this forum