GildCoin - Crypto News

2023-10-22 17:32:00 Robert Kiyosaki Says Bitcoin Headed for $135,000 While Gold Will Soon Take Off

“Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700,” Kiyosaki wrote, adding that he expects the price of silver to increase from $23 to $68 an ounce. Bitcoin testing $30,000. Next stop bitcoin $135,000 … Savers of fake dollars F’d. Please tell your friends to ‘Wake up.’ Take care.

On Tuesday, Kiyosaki explained on X: “Inflation makes the poor & middle class poorer because they work for & save dollars. Yet inflation makes the rich richer. Why? Because today’s rich work for & save gold, silver, & bitcoin.”

Last month, Kiyosaki said he expects bitcoin to “become priceless” when the Federal Reserve launches a central bank digital currency (CBDC). He also advised investors to purchase BTC today, forecasting a surge in cryptocurrency demand as stocks, bonds, and real estate markets crash.

Kiyosaki has made several predictions regarding the prices of bitcoin, gold, and silver. Back in August, he stated that should a global economic crisis occur, the price of bitcoin would surge to $1 million, with gold reaching $75,000, and silver climbing to $60,000. In February, he said that the price of bitcoin is expected to reach $500,000 by 2025, while gold is anticipated to climb to $5,000 and silver is projected to reach $500 within the same timeframe. Open / Comment

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2023-10-19 16:59:08 An announcement about the Sundae project has appeared in the public space. Bloggers, stars and opinion leaders are discussing this project.

One of the creators of Sundae published information about the project in Telegram, and 20 minutes later Ilon Musk posted a photo of himself eating Sundae ice cream as a child. It may be a coincidence, but it could also be Musk's idea.

What's known about the project. Something partly crazy, partly grandiose is coming.

Sundae: it's a crypto-token that equates to digital art. According to the project's philosophy, without community appreciation, a Picasso painting is worthless. The value of a work of art depends on community appreciation.

Right now Sundae is available for the price of an ice cream, but in a month the token may be worth $5, and then $50, $100, $1000. With each new purchase, the "Picasso painting token" will become more and more difficult to buy. The current capitalization of the project is only $20 million.

According to the project's White Paper, Sundae holders are expected to receive multi-million dollar dividends, as well as the right to medical and legal insurance, pensions and free use of the corporation's assets.

Investing in Sundae today might be like buying McDonald's stock on the day it opened in 1940 or accidentally buying a Picasso drawing for ten dollars.

The Sundae project was created by the team behind the popular meme token Grimace, which grew in value hundreds of times in six months, making many investors millionaires. Open / Comment

2023-10-19 15:15:10 Digital Euro Enters 'Preparation Phase' — ECB Says 'Digital Euro Would Make Data Protection a Priority'

The Governing Council of the European Central Bank (ECB) decided Wednesday “to move to the next phase of the digital euro project: the preparation phase,” the ECB announced.

The ECB published a report Wednesday detailing its findings from the investigation phase of the digital euro. The ECB detailed:

The next phase of the digital euro project — the preparation phase – will start on 1 November 2023 and will initially last two years. It will involve finalizing the digital euro rulebook and selecting providers that could develop a digital euro platform and infrastructure.

After two years, the Governing Council will decide whether to move to the next stage of preparations, to pave the way for the possible future issuance and roll-out of a digital euro.

The Eurosystem envisions a digital euro that would be free for basic use for individuals,” the ECB continued, adding that it has designed a digital euro to be “widely accessible to citizens and businesses through distribution by supervised intermediaries, such as banks."

Moreover, the ECB stated: “The digital euro would make data protection a priority. The Eurosystem would not be able to see users’ personal data or link payment information to individuals. The digital euro would also achieve a cash-like level of privacy for offline payments.” Open / Comment

2023-10-16 17:15:07 Venezuela and Argentina Leverage ‘Unique’ Crypto Use Cases, Brazilian Congress Advises Indicting CZ

According to a recent article referencing Chainalysis 2023 Geography of Cryptocurrency Report, Venezuela and Argentina use crypto uniquely to tackle their particular issues. Argentina is leveraging crypto to fight the breakdown of its currency, which has reached record lows recently.

Also, in the Venezuelan case, Chainalysis explained that crypto is used to fight authoritarianism, enabling remittances to reach Venezuelans and providing refuge against hyperinflation. Leopoldo Lopez, a former Venezuelan opposition leader now in exile, detailed:

Venezuela has had one of the worst-ever hyperinflation rates at over 1 million percent. Cryptocurrency, particularly stablecoins, has helped many Venezuelans overcome this.

Furthermore, he remembered when a crypto-enabled system allowed more than 65,000 doctors and nurses to receive direct aid in 2020 amid the COVID crisis.

The Argentine peso kept losing value this week, hitting record lows after presidential candidate Javier Milei compared it to excrement. Open / Comment

2023-10-11 19:32:01 Biggest Movers: DOGE Higher on Wednesday, After Falling to Recent 7-Week Low

Dogecoin (DOGE) climbed back above a key support level in today’s session, after traders opted to buy a recent dip in price. After slipping to a low of $0.05866 on Tuesday, DOGE/USD rose to an intraday peak at $0.05945 earlier in the session.

As a result, DOGE continued to move away from a price floor at $0.05840, which was broken on Monday, sending price to its lowest point since mid-August. Today’s rebound comes after the 14-day relative strength index (RSI) bounced away from its own support at 32.00.

At the time of writing, the index is tracking at a reading of 33.72, which is still close to the oversold region. The next visible point of resistance now stands at 37.00, and if broken, there is a good chance that DOGE rises past $0.06000. Open / Comment

2023-10-08 20:02:01 Bitcoin Lingers in a ‘Neutral’ Phase as the Fear and Greed Index Signals Market Consolidation

A week prior, bitcoin (BTC) was priced at $27,189 per unit. Over the past day, its value danced between $28,103 and $27,770. This week witnessed a 2.6% climb in bitcoin’s value, and it surged by 7.9% on a 30-day scale.

Throughout these fluctuations, the Crypto Fear and Greed Index (CFGI) has unswervingly projected its “neutral” position — not just today, but yesterday and the entire past week. Overwhelming fear can depress prices too much, while rampant greed can inflate them excessively.

On October 8, 2023, alternative pegs the CFGI at 50, a slight rise from last week’s 48. Coinmarketcap’s “Fear and Greed” index echoes this sentiment, marking a neutral score of 46 on Sunday.

Being neutral or ambivalent suggests the absence of a prevailing sentiment. It’s akin to a balance where neither pessimistic bears nor optimistic bulls command the market.

With the current RSI around 61 and a stochastic reading near 75, there’s a balance between buy and sell pressures. Given these readings from both the oscillators and CFGI, it seems the market is poised in a consolidation phase, awaiting future cues or triggers. Open / Comment

2023-10-05 17:15:00 Volcano Energy Launches First Bitcoin Mining Pool in El Salvador

Volcano Energy announced a strategic partnership with Luxor Technologies to launch Lava Pool, the first Salvadoran Bitcoin mining pool. The company, a startup focused on harnessing renewable energies for Bitcoin mining operations in the country, stated that it will only mine bitcoin through this new pool.

Volcano Energy, which came out of stealth mode in June, announcing a Tether-backed $1 billion investment, is building a 241-megawatt (MW) renewable energy mining facility in Metapan using photovoltaic (solar) and eolic (wind) energy.

He also explained that another advantage that the country brings for establishing a Bitcoin mining pool is the existence of clear regulations, given that he considers El Salvador as “the only country with the regulatory clarity and the business climate that provides stability and predictability for Bitcoin businesses.”

Luxor, which operates one of the top ten Bitcoin mining pools, will provide Lava Pool participants with bitcoin hedging strategies to mitigate losses in the case of market volatility. The company stressed that it supported the decentralization objective of El Salvador with this move. Open / Comment