Spain Could Force Crypto Holders To Disclose Their Funds
submitted by /u/hamalayanmonke [link] [comments]
submitted by /u/hamalayanmonke [link] [comments]
I’ve been reading through some stuff in here no matter if it’s posts, the comments or the daily. And really a lot of people constantly ask what kind of exchange they should use. And it totally makes sense! With Coinbase recently laying off 18% of its workforce and people not being sure yet whether their…
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Hey, what's the current roadmap? The PoS will be here soon but sharding is still far away? BSC (or SOL etc) processes 5 times more transactions than ETH but is still much cheaper, mostly because they are more centralized so the nodes have good hardware/internet connections to process more transactions. ETH's nodes are more decentralized,…
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Ethereum NFTs – Popular actor, Rob Mcelhenney launches Web3 writer's room. Entertainment actor and filmmaker Rob Mcelhenny issue tech to create content and develop new characters and story ideas in a community of creators, writers, artists, designers, and developers using Ethereum NFTs. All of these creators are working together to create and own new generation…
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Before the recent selloff, Bitcoin was positioned as the next big thing. Investing and trading legends like billionaire philanthropist Paul Tudor Jones say it is like investing in Steve Jobs’ Apple early, or like getting in on the ground floor on Google. A new comparison suggests that even the latest price action is very much like if you had bought Google early. Here is a closer look at the shocking comparison along with the happy ending that should give crypto holders feeling uneasy some comfort. Bitcoin Versus Google Comparison Predicts Bull Finale Ahead Of Recession Bitcoin is a hard subject for many to wrap their head around. The lack of a physical object associated with the asset makes it feel more akin to magic internet money. Related Reading | Bitcoin Weekly RSI Sets Record For Most Oversold In History, What Comes Next? Those who do properly comprehend the cryptocurrency’s potential, compare it to like investing in a piece of the internet. It has also been compared to investing in Apple or Google early. However, a new comparison inspired by technical analyst Gert van Lagen shows just how accurate that statement might be. BTCUSD compared to Google during prior to The Great Recession | Source: BTCUSD on TradingView.com On the left, is the last decade plus of Bitcoin price action. On the right is Google just ahead of The Great Recession. With a recession possibly ahead of us, the comparison isn’t without merit. The Happy Ending For Google: A Search Engine Giant Emerges The above comparison has been changed from the analyst’s initial interpretation, but the comparison remains just as jarring. The example suggests that Bitcoin is nowhere near done with the current cycle. Although that provides hope for bulls, the same comparison does show the primary motive wave coming to a conclusion with wave 5, taking the price of Google back to below wave 4. Related Reading | Did A “Zig-Zag” Correction Shake Out The Crypto Market? If the same were to happen to Bitcoin, price could fall below the 2017 low eventually, reaching $2,000 per coin during any recession ahead – if it occurs. Many believe the recession is already here, which is why the recent crypto selloff has been so severe. If it isn’t, the market could recover to new highs and while the market is blind, the recession could finally creep in. Although the correction was especially severe, Google did just fine | Source: NASDAQ-GOOGL on TradingView.com Ultimately, the correction ended, and the primary uptrend continued higher. The technical analysis methods used in the above charts is referred to as Elliott Wave Theory. The study believes that all markets move in the same wave patterns based on human emotion cycles, hence why the same patterns could appear in two entirely different assets. INVITE: join @elliottwaveintl for a FREE live #crypto trading webinar on 6/28 @ 11am. 🌊 2 EW experts will give a 1-hr lesson on Elliott Wave setups in crypto – and explain what’s really going on with #Bitcoin You can sign up for free at this link 👉 https://t.co/Hi2WUPW22y pic.twitter.com/MKMTtjZYPa — Tony “The Bull” Spilotro (@tonyspilotroBTC) June 17, 2022 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in a Spanish prison after Spain’s high court approved McAfee’s extradition to the United States. Today, McAfee’s body is still in a Spanish morgue as a legal case involving an independent autopsy is yet unresolved. John McAfee’s Controversial Death Investigation […]
The leading virtual currency exchange, Bitcoin of America, announced its return to BTC 2022 in Miami. The company made headline last year for promoting females in a male dominant industry. Once again, Bitcoin of America made a splash at BTC 2022 with its all-female team. Bitcoin of America sent some of their top women executives […]
Bitcoin has been struggling in recent times and even with the recovery, continues to find it hard to hold above the $20,000 level. With the crash has also come a significant decline in investor sentiment which has reached some of its lowest points in recent years. And even with bitcoin finally making the coveted recovery above $20,000, it seems investor sentiment is finding it hard to keep up as it remains firmly in the negative. Market In Extreme Fear According to the Crypto Fear & Greed Index, a tool that measures how investors are feeling towards the market, investors are still very wary of the market. The index is currently at a score of 11 which means that the market is still in the extreme fear territory. Related Reading | By The Numbers: The Worst Bitcoin Bear Markets Ever This comes as no surprise given where the price of the leading digital assets in the space has been. Even profitability has plummeted in this time period, leaving a lot of investors holding bags of losses in the market. Additionally, multiple events have also played integral roles in getting investor sentiment to this point. Investor sentiment in extreme fear | Source: alternative.me The first had been the LUNA crash that had wiped billions of dollars off the market. Then leading lending protocol had frozen withdrawals and transfers, essentially blocking off thousands of investors from being able to access their funds. With crypto being locked on multiple platforms, investors are wary of putting any money in the market for fear of losing it or having it locked on a platform. Hence, inflows into the space have slowed significantly in wait for better sentiment. Where Is Bitcoin Headed? Bitcoin had fallen as low as $17,600 in its last week’s downtrend. This was below the previous cycle peak, triggering fear among investors that there may be no support. However, the digital asset had found support and had since recovered back above $20,000 where it is now resting. Nevertheless, the digital asset continues to struggle. Holding above this level has been a herculean task, especially with the significant resistance being mounted by bears at the $21,000 point. Moreover, some in the space expect the price of the digital asset to keep declining from this month. BTC recovers above $20,000 | Source: BTCUSD on TradingView.com Going along with the halving trend that bitcoin has followed since its inception, it may be at least another year before the digital asset makes a recovery towards its previous all-time high. Looking at historical data shows that the next bull market may likely start in May 2024, when the next halving occurs. Related Reading | Bitcoin Perpetual Open Interest Suggests Short Squeeze Led To Crash Bitcoin is now trading above its 5-day moving average for the first time since the crash. However, this does not essentially mean a bull trend is underway. Rather, it shows that a certain level of stability is beginning to return to the market. Featured image from Guardian.ng, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…v
submitted by /u/Clash_My_Clans [link] [comments]
Once the bridge reopens on Tuesday, users will be able to withdraw one ETH for each one they possessed before the attack.