Binance eyes Thailand for latest crypto exchange expansion
Binance has locked in an agreement as Thai government officials expedite crypto regulations which could pave the way for the firm to open a branch in the Kingdom.
Binance has locked in an agreement as Thai government officials expedite crypto regulations which could pave the way for the firm to open a branch in the Kingdom.
submitted by /u/jessielesbian [link] [comments]
My friend has been talking about using coinbase wallet to go to this website fasteth.io that lets you mine eth using USDT. is this a real thing or a scam? he shows that he is able to take USDT in and out of his wallet. submitted by /u/Hyperian [link] [comments]
Bitcoin failed to stay above the $43,000 support against the US Dollar. BTC is trading in a bearish zone and could continue to move down below $41,200. Bitcoin is struggling to climb above the $42,500 and $42,800 resistance levels. The price is trading below $43,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $42,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a clear move above the $43,000 resistance. Bitcoin Price Is Showing Bearish Signs Bitcoin price failed to accelerate higher above the $43,500 resistance zone. As a result, there was a bearish reaction below the $43,000 pivot level. The price traded below the $42,500 and $42,000 support levels. It even traded close to $41,500 and settled below the 100 hourly simple moving average. A low was formed near $41,579 before the price started an upside correction. Bitcoin price was able to recover above the $42,000 resistance zone. There was a break above the 23.6% Fib retracement level of the recent decline from the $43,800 swing high to $41,579 low. On the upside, an initial resistance is near the $42,500 level. The next major resistance is near the $42,650 level. There is also a major bearish trend line forming with resistance near $42,800 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The trend line is near the 50% retracement level of the recent decline from the $43,800 swing high to $41,579 low. A clear move above the $42,800 level might send the price towards the $43,500 resistance. Any more gains may perhaps call for a test of the $44,000 resistance zone. The next major resistance is near the $45,000 level. More Losses in BTC? If bitcoin fails to start a fresh increase above $42,800, it could continue to move down. An immediate support on the downside is near the $42,000 zone. The first major support is seen near the $41,500 zone. A downside break below the $41,500 support zone could increase the chances of more downsides. The next major support is near $40,000, below which the bears might take control. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is below the 50 level. Major Support Levels – $41,500, followed by $41,200. Major Resistance Levels – $42,650, $42,800 and $43,500.
submitted by /u/Parallel_Productions [link] [comments]
Another day, another hydroelectric plant saved by Bitcoin mining. For the untrained eye, the narrative that says that Bitcoin incentivizes green energy might seem convenient. However, each day more concrete examples come to light. Like the Navajo Nation case. Or this hydroelectric plant in Costa Rica. In contrast, China banned Bitcoin mining and some hydroelectric plants immediately closed and went up for sale. Anyway, today we’re talking about the Mechanicville Hydroelectric Plant in New York. Located near de Hudson River’s shore, in the Town of Halfmoon, Saratoga County. The place is listed on the National Register of Historic Places, that’s the main reason it was never torn down. According to Times Union, the plant is “the oldest continuously operated hydroelectric station in the U.S.” and it “was nearly dismantled.“ this plant should become a #bitcoin museum of the start of a trend – #bitcoin funded green power expansion, in this case preserving green power about to be closed! https://t.co/814CJCy8pV — Adam Back (@adam3us) January 16, 2022 “We think this is the oldest renewable energy facility in the world that’s still running,” said Jim Besha Sr., CEO of Albany Engineering Corp.” That company owns the Mechanicville hydroelectric plant. And how does the station relate to Bitcoin mining? “Despite getting the plant back to full power, there’s not a lot of profit in running a plant that still uses all of the original 1800s machinery. That’s why some of the plant’s energy is now being used to produce bitcoin. “We can actually make more money with bitcoin than selling the electricity to National Grid,” Besha said.” You don’t say, Mr. Besha. Who would have thought? The Mechanicville Hydroelectric Plant Vs. The World This hydroelectric plant’s story is full of betrayal, twists, and turns. The National Grid had a 40-year commitment to buy power from it. However, according to The Bitcoin Files substack, the National Grid “reneged on the deal in 1993. A decade of litigation ensued, and Albany Engineering took control in 2003.” What’s a hydroelectric plant to do? “Converting an outdated hydro plant into a Bitcoin mining is still quite a story, and the local Albany Times Union article from two weeks ago was picked up by Bitcoin publications around the country. Kathleen Moore, who wrote the story on the plant, told me, “It’s something they’ve been experimenting with – they want to use their power for green uses like charging electric cars. But for now, their choices are limited. So they’re adding some Bitcoin mining.” That’s right. People might have all kinds of ideas of what it wants to do with their power, but the fact of the matter is that only Bitcoin mining is flexible enough to accommodate any electricity source. In this case, as Besha told Times Union, “It’s the best (type of bitcoin mining) because we’re using renewable energy.” Sadly, Besha is not going to make it. In that same article, a chilling revelation spoils the party: “He converts the thousandths of a bitcoin they make each week to cash, rather than holding onto it. He’s skeptical of bitcoin as a long-term investment; he’s just doing it to bring in cash.” Let’s hope that, as it usually happens, Bescha’s contact with Bitcoin changes him for the best. Let’s hope he already figured out he’s dealing with the best money ever created, and changing it for lesser money is not the best strategy. BTC price chart 01/18/2022 on Bitstamp | Source: BTC/USD on TradingView.com Conclusions And Discussions In any case, another hydroelectric plant saved by Bitcoin mining will always be cause for celebration. Bitcoin incentivizes the creation and maintenance of green energy infrastructure and don’t let anyone tell you otherwise. Featured Image: Mechanicville Hydroelectric Plant’s sign from this substack post | Charts by TradingView
At this point in time, I would really enjoy a sharp decrease or increase in prices across the entire market.. things have seemingly been a bit sideways and I can use some excitement in the market. A sharp increase would be nice for “profits” while a sharp decrease would be an excellent time to load…
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submitted by /u/Valcorb [link] [comments]
India’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges.” Indian Prime Minister Urges ‘Every Country, Every Global Agency’ to Collaborate on Cryptocurrency […]
