Author: Donald Munn
Bitcoin Analysis Bitcoin’s price finished in red figures for a third consecutive day on Tuesday and concluded its daily trading session -$247.3. The first chart we’re looking at for Wednesday is the BTC/USD 4HR chart below by YMGroup. BTC’s price is trading just below the $24k level, at the time of writing. On the chart below we can see that BTC’s price may potentially be in an accumulation zone before making its next move. If this is an accumulation zone and BTC’s price does have another leg up yet, then the target of bullish BTC traders is the top of…
In America, there has been a move toward stringent regulation, but this varies from state to state and is unique only in its general layout. China and Australia, on the other hand, have had a contrary path at first of openness on the part of the rising sun and closure on the part of Australia then it went in the opposite direction with Australia ready to welcome new resources and China dedicated to a witch hunt that only fueled the Deep Web and the exchanges carried out on it. Brazil is still waiting for its own regulation but all indications…
Monero (XMR) is a currency that effectively covers the role of security champion for all those investors who feel this need is a priority; it is a peer-to-peer token designed to be untraceable. Transactions on the Monero protocol cannot be associated in any way with a specific real-world user since cryptocurrency is fungible. Each unit of computation is the same and can be replaced with any other unit of the token. The Ring Confidential Transactions (RingCT) that was introduced 5 years ago has definitely completed the work of obfuscation by managing to hide even the value of both incoming and…
Yesterday, Ripple announced a new partnership with Travelex to launch crypto payments in Brazil. New partnership between Ripple and Brazil Bom dia! Brazil is open for Ripple’s On-Demand Liquidity with Travelex—our first LATAM bank partner—and the first bank approved by the Central Bank of Brazil to operate exclusively in FX. We’re excited to bring crypto-native solutions to https://t.co/G6U8nh9jIY — Ripple (@Ripple) August 18, 2022 The partnership involves RippleNet’s On-Demand Liquidity (ODL) service and Brazil’s Travelex Bank, which will be the first bank in Latin America to use ODL. Using the XRP cryptocurrency, ODL allows money to be sent across borders…
A man in India beaten and kidnapped for a Bitcoin ransom. It happened a few weeks ago in India, as reported in local news, when police arrested three men, Sandeep Pratap Singh, Vijay Pratap Singh, and Rajveer Singh, on charges of kidnapping. Police reportedly recovered 30k rupees in cash, a gun, and five cell phones. India: man kidnapped demanding ransom in Bitcoin The three men allegedly followed a businessman, then kidnapped, beat and tortured him to get 8 Bitcoin from him as ransom. The police said that the three knew that the businessman traded in cryptocurrency and committed the crime…
The battle in the market capitalization ranking between Binance’s stablecoin BUSD and the token of the Cardano blockchain ADA continues. BUSD claims the 7th position by capitalization ADA’s overtaking of BUSD had occurred on 9 August at a time of the token‘s rise near its $0.55 resistance. ADA‘s valuation had reached $18 billion, above BUSD’s $17.88 billion. But on 17 August Binance’s stablecoin performed a counter-run, surpassing $18.5 billion in capitalization against ADA’s $17.9. During the market high in November 2021, ADA had reached $95 billion in capitalization, when the token had surpassed the $2.5 valuation. Total market capitalization had…
Since its inception in 2009, Bitcoin has given rise to much discussion as it is often seen as the new gold both in practical terms because of the characteristics that the two assets share (scarcity, value, inflationary, etc.) and in the sense that it can transform people’s wallets from empty to inflated if one does not fear the weather but especially because it is the bearer of a new technology, namely blockchain, which is slowly revolutionizing every area of human life. The Bitcoin Family: the story In 2018, while talking with his wife about the family business, Didi Taihuttu, seeing…
The Ethereum Foundation has updated the ethereum.org website page dedicated to the Merge. Merge: the change will not reduce fees Prominent among the changes is the addition of a paragraph titled “Misconception: The Merge will reduce gas fees”. This paragraph says that the idea that the change in the consensus mechanism, with the shift from Proof-of-Work to Proof-of-Stake, will expand network capacity resulting in lower gas fees is false. Fees are a product of the demand for transactions to be recorded on the blockchain, and the Merge will not significantly change any parameters that directly affect the ability to record…
A debate has been ignited these days about the future of Bitcoin, and in particular its distinctive volatility. Bitcoin: doubts about volatility So far over the years, the price of Bitcoin has been particularly volatile. Excluding the early years, that is, those before the first halving in late 2012, the annual excursion between highs and lows has been decidedly high. For example, in 2013 it fluctuated between $13 and $1,100, while in the following three years it fluctuated between about $170 and $1,000. In 2017 it oscillated between $750 and $20,000, and in the following three years it moved in…
Two days ago, Kennet Worthington, an analyst at JP Morgan, said in a letter to clients that some institutional and retail investors such as Coinbase are likely to benefit from Ethereum‘s transition from Proof-of-Work to Proof-of-Stake. Merge: JP Morgan supports big opportunity The merger will be very beneficial for Coinbase as it can gain value from staking ETH that powers the transition. According to the bank’s analyst forecast, Coinbase could collect more than $650 million in annual staking revenue after the Merge, assuming ETH remains around $2,000 and with an average yield of 5%. JUST IN: JPMorgan says the #Ethereum merge to…