The FSA and Japan’s Finance Ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment.
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According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science and Technology Policy (OSTP) discussed the research report on July 2, 2022. The OSTP official, Costa Samaras, said if digital currencies plan to stick […]
Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k. Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the Coinbase premium gap is now above zero. The “Coinbase premium gap” is an indicator that measures the difference between the Bitcoin price on Coinbase Pro (USD pair) and the value on Binance (USDT pair). Since Coinbase is popularly used by US investors (especially institutionals), while Binance is used more in other parts of the world, the difference in BTC prices between the exchanges can suggest where the buying/sell pressure could be coming from. When the value of the premium gap is greater than zero, it means the value of the crypto listed on Coinbase is currently more than on Binance. This suggests that US investors have recently been buying more compared to the rest of the world. Related Reading | Bitcoin Miners Have Been Dumping, But Price Has Held So Far On the other hand, negative values of the metric suggest US investors may be applying more selling pressure/lesser buying pressure on the market at the moment. Now, here is a chart that shows the trend in the Bitcoin Coinbase premium gap over the past couple of days: The value of the indicator seems to have spiked up over the past day| Source: CryptoQuant As you can see in the above graph, the Bitcoin Coinbase premium gap seems to have observed a rise in the last 24 hours. The indicator previously had a red value for many months, but now it seems the metric has once again returned to a positive value. Related Reading | Rumors About Mt. Gox Effect On Bitcoin Resurface, Victims to Receive 150K BTC? Also, it’s apparent from the chart that the latest pump in the price of the crypto looks to have occurred concurrently with this spike in the premium gap. This could suggest that buying pressure from investors in the US may be behind Bitcoin catching some new upwards momentum. BTC Price At the time of writing, Bitcoin’s price floats around $21.6k, up 12% in the last seven days. Over the past month, the crypto has lost 31% in value. The below chart shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has surged up during the last couple of days | Source: BTCUSD on TradingView Earlier in the day, Bitcoin broke past $22k for the first time since mid-June. Since then, the crypto seems to have retraced back a little. Featured image from Mariia Shalabaieva on Unsplash.com, charts from TradingView.com, CryptoQuant.com
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Credit to u/oldsql_aka_bag and The Notorious B.I.G. for inspiration. I've been in this game for years, it made me an animal. There's rules to this shit, I wrote me a manual. A step-by-step booklet, for you to get, Your game on track, not your wig pushed back. Rule Nombre Uno: Never let no one know,…
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As the search for an elusive Bitcoin bottom continues, at least one United States miner was forced to liquidate a portion of its holdings in June.
According to this website https://tdr.org/#/ the reserve issued $36 billion worth of stablecoins and I refuse to believe that Justin clown is the only owner or decision – maker. This is potentially the biggest scam in all of crypto. Where did they get the 36$ billion from? Who the hell owns it? (except Justin Sun)…
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Problem Comment sections are often filled with trite, frivolous replies that do not contribute to discussion. Some of this is motivated by moon farming but the problem certainly predates moons. For example, when someone asks "Why do you think the prices are crashing" the comments are sure to be filled with the tried and true…
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