Crypto Futures Trading

2022-05-26 17:10:05 Nancy Pelosi’s House Majority PAC Received $6 Million From Crypto Billionaire Shortly Before Backing Oregon Candidate

Political insiders had their suspicions, but it wasn’t clear until this weekend that a national Democrats’ political action committee, House Majority PAC, began spending on political outsider Carrick Flynn’s congressional campaign only after receiving a substantial donation from Flynn’s crypto-billionaire backer.

Plenty of people speculated that a substantial donation could perhaps explain why House Majority PAC, associated with U.S. House Speaker Nancy Pelosi, was getting involved in a Democratic primary when usually it fought for Democrats against Republicans.It’s no longer speculation. The richest man in cryptocurrency, Sam Bankman-Fried—who spent $11.4 million in vain through Protect Our Future to try to get Flynn through the Democratic primary—also gave to House Majority PAC.

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2022-05-26 16:54:42 #BTC Guys, here I would have closed all of my long positions if I had them, because the price is once again approaching the support without having first reached the upper border. So it's very likely that we will see the price continue to drop. The absorption of the support will result in the price to moving downwards!

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2022-05-26 12:25:28 #BTC Guys, we're in a flat market, the borders have not been broken through yet, I'm planning on opening a position after a breakthrough occurs. For now I am only trying to gauge the likelihood of each outcome without taking any action.


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2022-05-25 21:20:42 https://t.me/Bitcoin_Insights/1027 Open / Comment

2022-05-25 13:03:02 Federal Reserve reveals 12% of U.S. adults own crypto

A new survey by the Federal Reserve indicates that as of 2021, about 12% of the United States adults held different cryptocurrencies. The survey dubbed “Economic Well-Being of U.S. Households in 2021” and released on May 23, 2022, sought to measure the economic health of consumers after sampling feedback from 11,000 adults.

Furthermore, the 2021 version of the survey included questions on digital currencies for the first time with the study highlighting the status of cryptocurrency ownership among Americans amid the sector’s growth in recent months. The Fed acknowledged that despite cryptocurrencies being relatively a new financial sector product, most people interacting with digital assets were mainly focused on the investment side. Additionally, the survey indicated that cryptocurrencies are also finding their way in the payment space, with 2% of holders using different assets to make purchases.

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2022-05-24 09:28:02 DeFi Evangelists Still Bullish, Despite Terra Meltdown

DeFi proponents continue to champion algorithmic stablecoins, despite Terra’s recent collapse and general apprehension around stablecoins. Following the crash of the stablecoin Terra (UST), supporters of DeFi, specifically algorithmic stablecoins.Algorithmic stablecoins, on the other hand, rely on a mix of smart contracts and computer code to maintain their peg to a fiat currency.

“An algo stable will exist in the next five to seven years,” says Hassan Bassiri, who works for Arca, a backer of Terra.Algorithmic stablecoins are a subset of stablecoins, or special digital assets pegged to some fiat currency. To maintain their peg to fiat, stablecoin issuers typically hold funds capable of satisfying large-scale withdrawals from holders wishing to redeem their coins for cash.

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2022-05-23 19:50:04 Liquid Exchange and QASH Exposed by CoinDesk: How Not to Run a Cryptocurrency Exchange

From the outside, Japanese exchange Liquid looks like a crypto success story. Like many exchanges, Liquid weathered hacks, including a $90 million theft last August that forced it to get an emergency loan from crypto derivatives exchange powerhouse FTX. Led by billionaire Sam Bankman-Fried, FTX later agreed to buy Liquid, legally known as Quoine, for an undisclosed price in a deal that closed on April 4 of this year.

Also in April 2019, Liquid announced a U.S. venture called Liquid USA. A person with knowledge of the venture said that Liquid management insisted Liquid USA allow "Basic" accounts, which did not require know-your-customer screening, even though such accounts generated little revenue and were likely to be frowned upon by U.S. regulators.

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2022-05-23 11:23:26 #BTC Firstly, the market is flat in the $28500 - $31000 range and the price is approaching the resistance of this flat. Secondly, there is a gap below the price, which will be closed this week with a probability of 73%(statistic). Of course, there is also the broken through descending resistance, which had to happen, because of the horizontal borders of the flat. Moreover, the market has a local ascending vector, which the price tries to follow since the rejection from the descending boundary of the flat.

To sum up, we have:
• An ascending vector;
• A horizontal border of the flat from above;
• A descending trendline from below;
• A fresh gap from below.

It is reasonable to wait for the rejection from the resistance and a movement to close the gap with a total probability of ±86 statistical percent. This probability will decrease greatly if the price manages to gain a foothold above $31k and maintain the ascending vector. Then the target of the movement will be ±$35k.

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2022-05-22 19:40:06 Terra Under Heat After Amending Proposal Mid-Vote

Terra’s proposal 1623 was being voted on when the Do Kwon announced three revisions.Currently, the market is experiencing one of the most painful weeks this year, and it was exacerbated by Terra’s crash.While Terra’s ecosystem boss, Do Kwon, has been putting forward revival plans, he also amended one. But more importantly – he did so while the proposal 1623 was being voted on.

Titled ” Rebirth Terra Network,” Kwon revealed that he modified the proposal to accommodate community feedback.The first revision increases genesis liquidity. The initial liquidity parameters have been bumped up from 15% to 30%. Terra says that this measure aims to increase token supply at launch and mitigate future inflationary pressures for pre-attack aUST holders, post-attack LUNA holders, & post-attack UST holders.The third change is involved in decreasing distribution to post-attack UST holders.

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