Author: dfmines

A new bill that aims at recognizing Bitcoin as another payment method has emerged in Panama. The bill will also give residents the freedom to use cryptocurrencies. Amidst El Salvador adopting BTC as legal tender, a Central American country is trailing the same path. The intent is to give residents of the country the freedom to start using cryptos like Ether (ETH) and BTC. The Republic of Panama on September 6th passed a bill on cryptocurrency regulation. The bill aims to make Panama compatible with the internet, blockchain, and crypto-assets. Gabriel Silva posted an announcement on Twitter, the bill can generate lots of job opportunities. He added that the legal initiative could create new sources of investments and make the Panama government more transparent. Related Reading |  New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Bitcoin is a decentralized digital currency without a single administrator or central bank. It’s represented with BTC and be sent from user to user on the peer-to-peer bitcoin network without intermediaries. In comparison, Ethereum is also a decentralized, open-source blockchain with smart contract functionality. In addition, it has a native token Ether represented with ETH. Silva’s Draft Bill Document A draft bill document reveals the intention of the new legislation to recognize cryptocurrencies like BTC as a payment option. Silva distributed the document, and the cryptos will serve as a global alternative payment method. This will be for all commercial or civil operations not barned by the Republic of Panama legal system. According to Silva, they prepared the new draft bill in collaboration with the citizens of Panama and a multidisciplinary team. They also collaborated with experts in technology and industry. In addition, the authors of the legislation considered important guidelines as provided by the international organizations like the task force and financial action. They emphasized that cryptos allow low-cost and fast payment enabling them to complete all financial transactions. This is irrespective of the gap between transaction volume and the parties. El Salvador’s Bitcoin Adoption And Panama’s Crypto Bill The El Salvador government requires local businesses to receive Bitcoin alongside the USD in exchange for goods and services. But Panama’s new legislation doesn’t make Bitcoin acceptance obligatory; it only establishes the freedom of crypto use in the country. Telemetro, the local TV network, reported. Related Reading | Survey Shows 25% Of US Teens Prefer Cryptocurrency Investment More Countries located in Central America now join the crypto industry amidst El Salvador’s adoption of Bitcoin as legal tender. Bitcoin has taken a big blow and now it’s trading downward | Source: BTCUSD on TradingView.com A company situated in Honduras has installed its first Bitcoin ATM towards the ending of August. These BTC ATMs allow users to purchase ETH and BTC with lempira, the country’s local fiat currency. Featured image from Pixabay, chart from TradingView.com

“They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us,” said Brian Armstrong after he revealed that the SEC threatened to sue Coinbase.

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In 2021, two very distinct crypto trends stood out which include non-fungible token (NFT) assets and decentralized finance (defi), as billions of dollars in crypto has flooded into these sectors. On September 7, Piplsay, a global consumer research platform, polled 30,870 Americans and 9,170 Britons to get some insight on what consumers think about NFTs […]

Late night thoughts here. I've gotten so immune to volatility and dips that I honestly could care less the my portfolio dropped 25% today. I just rummage around the ole couch cushions for some change to buy more. Not sure if this desensitization is a good thing or a problem. I guess since I'm in…
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A new survey shows that teens still receive more persuasion from investing in the stock market, yet, the cryptocurrency sector has become more popular than other alternatives such as real estate. Researchers tried to probe the perceptions of teens in North America on cryptocurrency industry, the stock market. They also included other investments types in the era of high-octane GameStop. The research result revealed that the cryptocurrency industry took the lead ahead of other asset classes like real estate. For example, one in four teens prefers cryptocurrency investment if given enough funds than 24% in real estate. About 43% of the teens maintain that it’s best to invest in the stock market, while up to 37% stick to not investing at all. The survey was jointly conducted by RSM US and Junior Achievement in mid-July this year. They conducted it amidst a small group of over 1,000 teens between 13 to 17 years. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Among the respondents, 39% who followed the GameStop saga concurred that stock market investment pays better. However, 20% argued that trading stocks are generally too risky. 40% believed that long-term stock investment is more advantageous. The survey leaders indicated their plan to reinstate the teens’ confidence that stock market investment is the best. In addition, they will change the negative perception the teens had after observing GameStop’s retail investor’s fate instead of hedge funders. Jack Kosakowski’s Comments On The Survey Cryptocurrency Sector Jack Kosakowski, the CEO and president of Junior Achievement USA, made his thoughts in his statements. He stated that the survey results show that the present meme stock incident may be affecting the teens’ perceptions. Also, he added that it could be affecting their perception of what investing in the stock market means. Jack advised that it’s important for them to help demystify the stock market investment to the future generation. The Stock market investment has played a vital role in helping numerous Americans to gain a secure retirement. RSM and Junior Achievement have tried changing teens’ perceptions by supporting educational programs on the pro-stock market. The programs include a curriculum scheduled to clarify basic investment tenets and simulated stock market ordeals. Related Reading | Monetary Authority Of Singapore Puts Binance On Investor Alert List For Violating Payment Laws According to the survey result, the group’s major challenge is the belief of 51% of the teens. They have concluded that the stock market is good for ordinary people. As per the past reports, there is an increasing dependence on speculative investments in many parts of the world. It has become prominent among Millennials that struggle to meet up with suppressed wages. The Millennials also struggle with job insecurity and high prices of real estate. Featured Image From Pixabay.com

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Ethereum started a major decline below $3,500 against the US Dollar. ETH price tested $3,000 and it is now attempting a strong recovery wave. Ethereum started a major decline from well above the $3,800 level. The price is now trading well below $3,600 and the 100 hourly simple moving average. There is a key contracting triangle forming with support near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could trade in a range, and it might face a strong resistance near $3,600. Ethereum Price is Correcting Losses Ethereum started a major decline after it failed to clear $4,000. ETH declined heavily below the $3,800 and $3,700 levels. It even broke the $3,600 support level and settled well below the 100 hourly simple moving average, similar to bitcoin. The bears even pushed the price below $3,500 and USD $3,200. Finally, there was a spike below $3,000 and the price tested the $2,900 zone. A low is formed near $2,900 and ether recently started a strong upward move. It broke the $3,200 and $3,350 resistance levels. There was also a break above the 50% Fib retracement level of downward move from the $3,969 swing high to $2,900 swing low. The price is now consolidating near the $3,450 level. There is also a key contracting triangle forming with support near $3,400 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $3,500 level. Source: ETHUSD on TradingView.com The first major resistance is near the $3,560 level. It is near the 61.8% Fib retracement level of downward move from the $3,969 swing high to $2,900 swing low. A proper move above the $3,560 level and $3,600 could set the pace for a larger increase. More Losses in ETH? If ethereum fails to continue higher above the $3,560 and $3,600 resistance levels, it could start another downward move. An immediate support on the downside is near the $3,400 level. The next major support is now forming near the $3,320 zone. A downside break below the $3,320 support zone could push the price further lower. In the stated case, the price is likely to decline towards the $3,000 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now moving higher towards the 50 level. Major Support Level – $3,320 Major Resistance Level – $3,560

Ethair Market is a next generation online global marketplace where you can trade goods using fiat or cryptocurrency and earn points on every purchase. The marketplace is soon to be launched in the U.S. and Canada, with fiat payments support lined up for 43 more countries. You can earn ETHR tokens now as an early […]