Author: Donald Munn
Bitcoin Analysis When traders settled up at the close of Sunday’s daily candle BTC’s price was -$503 for its daily session. The first chart we’re analyzing today is the BTC/USD 1W chart below from goerh. BTC’s price closed the weekly timescale trading between the 0.236 [$42,219.07] fibonacci level and 0.382 [$47,961.75] on the 1W time frame. Overhead targets for bullish traders are 0.382, 0.5 [$52,603.08] and 0.618 [$57,244.42]. The targets to the downside for bearish BTC traders are 0.236 [$42,219.07] and 0 [$32,936.4]. BTC/USD 1W chart: price closed the weekly timescale traded between the 0.236 [$42,219.07] fibonacci level and 0.382…
The founder of crypto investment firm Ark Invest, Cathie Wood, has sold all her shares in PayPal to invest in the Cash App payment system that uses Bitcoin Lightning Network. Ark Invest invests in Cash App: it is being funded by the entire sale of PayPal Founding investment firm Ark Invest founded in 2014 with approximately $50 billion in assets under management, announced during the Miami Bitcoin 22 conference that it has sold all of the company’s stake in PayPal to invest in the Cash App payment system, which uses Bitcoin Lightning Network. Cash App is a mobile payment service…
Over the weekend, Luna Foundation Guard (LFG), the treasury behind TerraUSD’s (UST) algorithmic stablecoin, bought more Bitcoin for the equivalent of $173 million. Luna Foundation Guard of TerraUSD (UST) and Bitcoin purchases According to estimates, Luna Foundation Guard (LFG) now holds nearly 40,000 BTC in its wallet, exactly 39,897.98 BTC, the equivalent of more than $1.67 billion. That’s a hefty sum, and it’s the sum of a series of purchases over time, the most recent of which was this past weekend, worth $173 million in BTC. Not only that, but also during the past week, LFG has reportedly purchased another…
The price of Bitcoin has been moving in a sideway trand since late January now. The lowest point touched during this period was $33,000. Bitcoin’s price movement from January to now The low point reached at this stage was around $33,000 on 24 January, but since then it has only fallen below $35,000 once, on 24 February. Notably, during the month of March, the price of BTC never dropped significantly below $37,000, with a peak of $48,000 at the end of the month. Actually, since the escalation of the conflict in Ukraine stopped, the price has never fallen below $38,000,…
Long gone are the days when mining was the forte of the affluent tech-savvy. Today, anybody can participate in mining and generate passive income, thanks to cloud mining. It opens up the crypto mining industry to everyone, regardless of their technical and financial background. Cloud mining allows you to mine cryptocurrencies without managing the hardware or software. Here, the mining rigs are overseen by a mining company instead of an individual. You just have to sign up on the platform and buy mining contracts or shares to get started. Cloud mining employs a remote data center with shared processing power…
Elon Musk, CEO of Tesla and SpaceX, discussing the social network of which he is now the majority shareholder, Twitter, suggested Dogecoin (DOGE) as a method of payment for Twitter Blue’s subscription. Today, however, Twitter CEO Parag Agrawal announced that Musk had declined to join the social network’s Board of Directors (BoD). Elon Musk: Dogecoin (DOGE) to pay for Twitter Blue subscription Elon Musk suggests his favorite memecoin as a payment method for the Twitter Blue subscription Over the weekend, a tweet was active in which Elon Musk discussed with users the possibility of adding an authentication tick, other than…
Major trading platforms Coinbase and Robinhood have posted a below-expected Q1: stock price fall The main platforms: Coinbase and Robinhood Among the leading trading platforms in terms of volume, ease of use and offerings are certainly Coinbase and Robinhood. As explained in a previous article, the platforms in question are two trading portals with an attractive interface and great ease of use which, however, differ in some features. While Robinhood was born as a platform aimed only at the American basin, the other has a more international scope, is present almost everywhere in the world except in states where you…
Bitcoin Beach in El Salvador is the city of El Zonte, located on the coast, an hour from the capital, which since 2019 has started using the queen of crypto, becoming a testing ground for BTC. Bitcoin Beach in El Salvador: the story of El Zonte and the full adoption of BTC According to an interview by CBS News, it seems that in El Salvador, the town of El Zonte has become famous for its Bitcoin Beach project, namely the place of full adoption of BTC. Behind the project is Mike Peterson, an expatriate surfer from San Diego with a…
The International Monetary Fund in a new study returns to the attack on Bitcoin, accused of being the currency of choice for mainly criminal purposes. IMF again against Bitcoin In a new 19-page report published at the end of March, the International Monetary Fund returns to attack the most important cryptocurrency, , accused of playing into the hands of criminals in particular, who would use it to launder the proceeds of their illicit trafficking. The IMF report reads: “The pseudonymity of cryptocurrencies (whereby transactions require only digital identities) makes them a potential vehicle for illicit flows, including flows of corruption…
Like, Ethereum, 1-inch, Cardano, and Cake before it, analysts are projecting that RBIS, the token behind the ArbiSmart project is about to become the next big breakout coin, rising to 200 times its current value in the coming months. While so many other emerging altcoins barely make any impact at all, what sets RBIS apart from its competitors, making it such a promising crypto investment for 2022? A Foot on the Gas The ArbiSmart project already offers automated crypto arbitrage, which uses a trading algorithm to generate passive yields of up to 45% per year, but that is just the…