Author: Donald Munn

Bitcoin Analysis  Bitcoin’s price finished in green figures by less than 1% on Monday and concluded its daily session +$23.90.   The first chart we’re analyzing today is the BTC/USD 1W chart below from Abdullahi2021. BTC’s price is trading between the 0.786 fibonacci level [$36,418.40] and 0.618 [$42,657.89], at the time of writing.  The targets for bullish BTC traders are 0.618, 0.5 [$47,040.40], 0.382 [$51,422.90] and 0.236 [$56,845.32].  If bearish traders get their way and can continue the larger downtrend their targets are 0.786, and 1 [$28,470.47]. BTC/USD 1W chart: the price has been trading between the 0.786 fibonacci level [$36,418.40]…

Bitcoin Analysis  Bitcoin’s price received some bids during the day’s second 12HR candle and managed to close in green figures to finish the week’s final daily candle. BTC’s price finished Sunday’s daily session +$834.10.   The first chart we’re leading off with today is the BTC/USD 1D chart below by Abdullaz_. BTC’s price is trading between the 0.5 fib level [$37,296.54] and 0.618 [$39,348.01], at the time of writing.  The targets for bullish BTC traders overhead are 0.618, 1 [$43,949.72], and 1.618 [$51,394.38].  Conversely, bearish traders are looking to push BTC’s price below the 0.5 fib level followed by targets of…

Bitcoin Analysis  Bitcoin’s price finished Wednesday’s daily candle back in green figures and +$1,124.   The BTC/USD 1D chart below from Ulyts shows BTC’s price trading between the 50.00% fibonacci level [$36,096.43] and 38.20% fib level [$43,859.54], at the time of writing.  The targets to the upside for bullish BTC traders are 38.20%, and 23.60% [$53,464.74. Conversely, the targets to the downside for bearish BTC market participants are 50.00%, 61.80% [$28,333.33], and 78.60% [$17,80.77].  BTC/USD 1D chart: the price is traded between the 50.00% fibonacci level [$36,096.43] and 38.20% fib level [$43,859.54]The Fear and Greed Index is 24 Extreme Fear and…

Bitfinex’s crypto-exchange adds The Sandbox (SAND), the token of the metaverse, whose deposits and trading will be available from May, in USD and USDT.  Bitfinex adds The Sandbox (SAND) This May, the Bitfinex crypto exchange will add The Sandbox (SAND), one of the tokens of the metaverse on blockchain. Here’s the Twitter announcement from a few hours ago: Come check this out! @TheSandboxGame token ($SAND) is joining Bitfinex soon! Watch this space to find out when! pic.twitter.com/6ZJQVeqnc4 — Bitfinex (@bitfinex) May 3, 2022 “Come check this out! TheSandboxGame token ($SAND) is joining Bitfinex soon! Watch this space to find out…

Modelo, the Mexican beer producer, has announced a 10% cashback scheme in Bitcoin on consumer purchases in Mexico. Cerveza Modelo beer and cashback in Bitcoin The new Bitcoin cashback program from Modelo, the Mexican beer producer Mexican beer giant, Grupo Modelo, has recently launched the Model Bitcoin program consisting of a 10% cashback. The program is intended only for Mexican consumers who buy Modelo Negra beer in the Modelorama Now marketplace. Compra Negra Modelo a través de @Modelorama_Now y te devolvemos el 10% en Bitcoins. Da click aquí: https://t.co/AFkrD79cfa pic.twitter.com/l1yeP7oz8c — Cerveza Modelo (@CervezaModeloMX) May 3, 2022 The cashback will…

Ethereum has postponed the launch of its difficulty bomb update, which is intended to make ETH mining more expensive and less profitable.  Ethereum’s difficulty bomb update has been postponed Ethereum Foundation decides to postpone the difficulty bomb update in view of the Merge The difficulty bomb would make it more difficult to mine blocks with Proof-of-Work, making it so expensive and inefficient that it would potentially become unprofitable. It would serve to incentivize the transition to Proof-of-Stake, so as to forcibly convince miners to stop mining ETH with PoW.  In fact, Ethereum’s current PoW-based blockchain will not be completely decommissioned…

Crypto.com has announced that it has updated its Visa Card rewards programme, which has been active since 2018. However, the response from the market sees CRO lose 20% in just 24 hours.  Crypto.com and its new Visa Card rewards plan Crypto.com Visa Card Reward Plans Update Crypto.com has announced that it has updated its Visa Cards, launched in 2018, with a new rewards plan that will take effect from next June 2022.  https://t.co/vCNztABJoG Visa Cards Update: changes to the CRO Card rewards programme Effective 1 June 2022 No change to card terms until your active 180-day stake expires No change…

Two days ago Coinbase announced a change in its listing procedure in an attempt to prevent front running and insider trading. Coinbase against insider trading  Coinbase responds to insider trading allegations Insider trading and front running are growing also in the cryptocurrency market. Insider trading is the dishonest practice of investing in a security with early knowledge of important news that could seriously affect its price. In the US, insider trading and front running is a federal offence punishable by imprisonment.  In September last year, the SEC, the US financial markets regulator, opened an insider trading investigation against Binance, the…

A few days ago, Nano announced that it had facilitated the first fee-free crypto transactions within the UK Houses of Parliament.  "#Nano facilitates the first-ever feeless crypto transactions inside the Houses of Parliament" $XNOhttps://t.co/yv5UMjXLha — Nano Seagull Ӿ (@nanoseagull) April 30, 2022 UK Parliament transacts with the crypto Nano  Nano is an eco-friendly cryptocurrency that enables instant transactions with zero fees, developed to be accessible and ideal for everyday transactions. To date, 26 million individual Nano wallets have been created, generating over 136 million fee-free transactions. The Nano ecosystem is supported by the Nano Foundation, a non-profit organization that keeps…

According to media reports, Samsung Group Investment wants to list a Blockchain ETF on the Hong Kong stock exchange by June. Samsung Group Investment, a new Blockchain ETF Samsung Asset Management is ready to launch its own ETF dedicated to the blockchain world Korean financial newspaper Korea Economic Daily reported on Thursday that South Korean company Samsung Asset Management will attempt to launch an ETF on Blockchain by the first half of 2022 on the Hong Kong Stock Exchange. This would be the first fund of this type in Asia. According to reports in the Korean newspaper, the listing of…