Bitcoin Crypto Signals

2022-05-31 12:43:02 Bitcoin Heads for Ninth Consecutive Red Weekly Candle

Bitcoin appears to be trading at a make-or-break point as its future depends on its ability to hold the $29,000 support level. The pioneer cryptocurrency is in a steep downtrend as it struggles to find support.

The damage to investors’ confidence brought on by Terra’s LUNA and UST death spiral has been too great to overcome. Although Terraform Labs successfully airdropped new LUNA tokens to previous LUNA and UST holders, it has done little to improve market sentiment. The Fear and Greed Index is at its lowest levels while trading volumes across the board continue to dry up.

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-30 11:21:02 Sex Workers Turn to Crypto Amid Stricter Industry Regulations

For many sex workers, bitcoin is a way for them to reclaim their financial independence and it is almost turning into an industry standard.

The US passed a federal law designed to eliminate online sex trafficking in 2018. The Fight Online Trafficking Act and Stop Enabling Sex Traffickers Act, or FOSTA – SESTA, meant that the owners of web sites could face criminal charges for content that promoted trafficking. This law was one of the reasons for the demise of Backpage, once the bastion of online ads for sex workers.

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-29 16:07:02 Russia mulls allowing cryptocurrency for international payments, Interfax reports

Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday."The idea of using digital currencies in transactions for international settlements is being actively discussed," Ivan Chebeskov, head of the finance ministry's financial policy department, was quoted as saying.

Russian officials are wrestling with how to regulate the country's crypto market and use of digital currencies, with the finance ministry opposed to the central bank's calls for a blanket ban. Discussions have been ongoing for months and though the government expects cryptocurrencies to be legalised as a means of payment sooner or later, no consensus has yet been reached. The finance ministry is discussing adding the latest proposal on international payments to an updated version of a draft law.

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-28 16:35:04 Bitcoin Adopter’s African Crypto Hub Plan Has World Bank Vexed

The World Bank is concerned about a plan by the Central African Republic to set up a crypto hub after it became the world’s second country to adopt Bitcoin, citing lack of transparency and the effect the move may have on financial inclusion.

The African nation, which relies on donors for more than half of its budget, in April enacted a law making Bitcoin legal tender in the country. It now plans a “Crypto Economic Zone,” according to a post on President Faustin-Archange Touadera’s verified Twitter handle. The post included a presentation of the plan, which mentioned a $35 million grant pledged by the World Bank to digitize the nation’s public sector.

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-27 16:41:02 Billionaire Investor Ray Dalio Says ‘Cash Is Still Trash’, Prefers ‘Digital Gold Bitcoin’

Billionaire investor and hedge fund manager, Ray Dalio, has reiterated his previous call that “cash is trash”. Dismissing equities as “trashier”, the Bridgewater Associates founder said he preferred “a digital gold like bitcoin” instead.

“Of course, cash is still trash,” Dalio said. “Do you know how fast you’re losing buying power in cash?” He was speaking on CNBC’s Squawk Box during the ongoing World Economic Forum (WEF) meeting in Davos, Switzerland.“When I say cash is trash, what I mean is all currencies in [relation] to the euro, in relationship to the yen,” he explained. “All of those currencies like in the 1930s will be currencies that will go down in relationship to goods and services.”

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-27 09:57:18 Choose from our extensive list of 32 Crypto pairs to trade from. Visit the link below .
http://www.eaglefx.com Open / Comment

2022-05-26 19:11:02 Coinbase introduces crypto to Fortune 500 while FTX CEO featured in TIME 100

U.S.-based crypto exchange Coinbase ranked 437th on the elusive Fortune leaderboard, while Sam Bankman-Fried was highlighted by TIME magazine in the innovation category.In an industry milestone, cryptocurrency exchange Coinbase has become the first corporation within the crypto and blockchain space to be featured on the prominent Fortune 500 list.

A 68-year-old annual tradition, the Fortune 500 list is synonymous with ranking the leading corporations in the United States by total revenue, as well as other quantifiable metrics such as percentage profit margins, assets and the number of employees, among others.Retail giant Walmart captured the top spot for the tenth consecutive year with $572,754 million in revenue and a growth of 2.4%. Amazon registered second place with $469,822 and 21.7%, while Apple took third with $365,817 and 33.3%.

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-25 18:03:02 Government of Nigeria Adopts Algorand for IP

Last summer, El-Salvador adopted Algorand’s Layer-1 technology for the purposes of record-keeping and, in general to develop the government’s entire blockchain infrastructure. This was done through Koibanx, which is a Latin-American Fintech firm that is built on Algorand.

Today, the announcement for Nigeria’s government was also announced by Koibanx in a Twitter Spaces. It appears this company will be behind Nigeria’s blockchain infrastructure, too. Specifically for the commercialization of IP (intellectual property).As opposed to the El-Salvador agreement, this announcement appears to be even more robust and powerful. First of all, Nigeria is a massive country.

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-24 20:15:02 Pharrell Williams: Web3 Is ‘Scaring the System’

Musician, producer, and fashion designer Pharrell Williams believes that a revolution is coming that will shake up the music industry, the financial system, and even government—and he thinks that blockchain and decentralized Web3 technology are key to it.

Williams appeared at VeeCon on Saturday, and during an onstage interview with entrepreneur and event creator Gary Vaynerchuk, the artist—known for the hit songs “Happy,” “Get Lucky” with Daft Punk, and “Drop It Like It’s Hot” with Snoop Dogg—described his introduction to NFTs and how he sees the underlying technology empowering social progress.

Source

https://t.me/Bitcoin_Crypto_Signals Open / Comment

2022-05-24 12:48:01 Insights and Breaking News on Bitcoin and the whole ecosystem.

t.me/Bitcoin_Insights Open / Comment