Category: Cryptocurrency News

COTI is set to launch bank accounts and Visa debit cards for its users. The company which is building the very first stablecoin on the Cardano blockchain is moving forward with new products to expand its service offerings to its clients. COTI had announced that it had partnered with Simplex to bring this project to the fore, which would enable users to operate bank accounts and debits cards on the platform. COTI has long been working on being a bridge between the finance and crypto world. Its services marry traditional finance offerings with the cutting-edge technology that comes out of the crypto industry. The partnership with Simplex enables COTI to provide its users with crypto-friendly bank accounts and debit cards, which the users will be able to operate and spend globally. COTI Brings Crypto To Banking Using the COTI bank accounts and debit cards makes it easy for users to spend their crypto. The bank account provides easy conversion of the crypto to fiat, which can then be spent by the user. In addition to funding their accounts with crypto, users can also load up using swift, SEPA, and cards. This makes it easy for users to spend their crypto no matter where they are in the world. Related Reading | EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption The bank accounts also provide its users with IBANs and customers can withdraw funds from their bank accounts using SEPA transfers, SWIFT, and ATM withdrawals. With plans to allow users to buy and sell crypto directly from their accounts with the VIPER wallet currently in the works. The accounts are available to customers who reside in the EEA (European Economic Area) and in the U.K. COTI debit cards are issued by Visa and so the cards can be used anywhere Visa cards are accepted. COTI plans to release its debit cards in more countries as time goes on. ADA price recovers above $2.2 | Source: ADAUSD on TradingView.com Releasing Cardano’s First Stablecoin It was announced at the Cardano Summit which concluded last week that the foundation had formed a new partnership with COTI. This partnership will see the first stablecoin being created on the Cardano blockchain. Djed, a stablecoin that utilizes smart contracts, will be developed and released by the COTI Group as the first official stablecoin of the Cardano ecosystem. Related Reading | Charles Hoskinson To Launch Three-Time Grammy Nominee Paul Oakenfold’s Album On Cardano Djed will serve as an alternative way to pay transaction fees on the blockchain. As the first of Cardano’s decentralized finance (DeFi) protocols are set to debut on the network soon, using a stablecoin to carry out transactions will ensure that fee structures are transparent and more predictable for users. “I believe that adding the Djed stablecoin to the Cardano blockchain will significantly improve how transactions are settled on the platform,” said Shahaf Bar-Geffen, CEO, COTI Group. A launch date is yet to be announced for the Djed stablecoin. But the COTI group will work in conjunction with the Cardano Foundation to bring this project to life on the blockchain. Featured image from Forbes, chart from TradingView.com

So I was just looking at my iPhone last night, and saw the screen time widget was showing me basically full bar, as if my phone is being used constantly, every second of every hour. 24/7 that day. I check, and this goes back at least for Sunday, Saturday and Friday. Thursday showed normal use.…
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To any that are unfamiliar with the Pandora Papers – check out the article from the place where the nearly 3TB of data were delivered to: International Consortium of Investigative Journalists – Pandora Papers A very quick synopsis is that they are to the financial tax havens what Wikileaks was to the US Government. The…
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Grayscale Investments has added solana and uniswap to its large-cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15 funds, two of which are diversified portfolios. Solana and Uniswap Added to Grayscale Fund Grayscale Investments, the world’s largest digital currency asset manager, announced Friday […]

Correlation does not imply causation, but these 3 indicators did signal prior to Bitcoin’s recent push to $49,000.

Bitcoin bulls are back in charge, so to speak. The headline alone makes quite a statement, and there are no doubt several readers questioning how one might draw such conclusion after only a small move and lack of new highs. The conclusion has been made for us all, depending on what the Average Directional Index is currently saying about an asset – in this case the top cryptocurrency by market cap. Let’s take a look what the trend strength measuring indicator says about Bitcoin price action. Tug-Of-War Ends With Bears Falling Flat Last week, after several weeks of chop and stalemate, Bitcoin broke out from short-term downtrend resistance, and is close to making it though high timeframe resistance as well. The shots fired from bulls might have actually been the starting pistol ahead of the final leg of the bull run, according to the Average Directional Index. Related Reading | Bitcoin Trend Strength Indicator Suggests Bull Run Isn’t Yet Over In technical analysis, a reading on an indicator either is or it isn’t – meaning, for example, the MACD can only be crossed bullish or bearish, not both at the same time. The Average Directional Indicator is a trend strength measuring tool that typically comes with two built-in directional indicators – a positive and a negative. The ADX itself, simply says how strong the trend is, and the positive and negative DI tell who is in control. They make reading the tool very straightforward: green crossed above red is bullish, and red above green is bearish. From that description alone, who is currently winning the battle of Bitcoin, as pictured below? Bulls just took over the daily trend | Source: BTCUSD on TradingView.com Bitcoin Price Remains Bullish On High Timeframes The green line only just took over from bears, so bulls only recently regained the upper-hand on the lowest timeframes. Bearish traders were expecting different results, because the weekly setting using this indicator is currently negatively crossed. Related Reading | Bitcoin Ready For Display Of Strength, But Which Direction Will It Break What was able to leave bears blindsided, however, was the fact that the highest timeframes still show plenty of strength left for bulls. Any recent downtrend was an attempt to feign weakness by bulls, according to the indicator’s readings. The ADX shows plenty of bull trend left | Source: BTCUSD on TradingView.com The ADX itself, depicted in the dark blue line, hasn’t yet begun to turn downward. When it does, it could be a sign that the bull trend is finally ending. After the peak in 2017, Bitcoin never truly broke bearish when compared to the 2014 bear market. When bears finally do regain control over Bitcoin price, the worst bear market ever could follow. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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