GildCoin - Crypto News

2022-10-22 20:00:03 ​​Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,300 to Start the Weekend

Ethereum was once again trading above $1,300, as cryptocurrency prices rose to start the weekend. Markets were back in the green on Saturday following a volatile week, which came as the U.S. dollar continued to strengthen. Bitcoin also surged higher, moving back above $19,000.

Bitcoin (BTC) rose back above $19,000 on Saturday, as cryptocurrency markets climbed higher to start the weekend.

Earlier in today’s session BTC/USD rallied to an intraday high of $19,237.39, which comes less than a day after hitting a low of $18,770.97.

Today’s peak sees the token move away from its recent support point of $18,900, following a false breakout in yesterday’s session.

Looking at the chart, the rebound in price has also pushed the 14-day relative strength index (RSI) higher, and it’s now moving towards a resistance point of its own.

As of writing, the index is tracking at the 46.35 point, which is marginally below a resistance level of 48.00.

Should we see this ceiling broken, then BTC bulls could be one step closer to recapturing the $20,000 mark.

Ethereum was also trading higher to start the weekend, as the token surged following a turbulent week of trading.

Following a move to a low of $1,260.67 on Friday, ETH/USD was back above $1,300 on Saturday, hitting a peak of $1,306.71 in the process.

Like with bitcoin above, today’s surge saw ethereum bounce from a key support of $1,270, and it is now on course to hit a resistance level.

The aforementioned ceiling is the $1,330 point, which hasn’t been hit since Tuesday, when bearish pressure moved the price below this point.

Bullish sentiment seems to be returning, however, with the RSI now tracking at 45.90, which is marginally below a ceiling of 46.00.

If momentum remains upward-focused we will likely see this point broken this weekend, and the token once again above $1,330. Open / Comment

2022-10-20 19:59:11 Financial literacy 101

You need to spend less each month than you earned in the previous month.

Income - Expenses = Delta
Delta>0 - investment resource
Delta<0 - first make it > then start investing

Goal is to save 10-20% of monthly income.

Lifehack: get your paycheck, save up the delta and forget about it.

Then, calculate your daily budget: take your last month's income (minus the delta) and divide it by 30 days. Here you have your daily budget.
If you can't control yourself, you can set a limit in your bank account. If unforeseen expenses come up, than don't take from the next days, use the financial cushion you already have.
Just like that!
If you don't learn to do this with your income now, than when your income grows your losses will grow with it.

Remember the 50/30/20 rule:

50% - for your needs
30% - for your wants
20% - for your financial goals: savings and paying debts

By spending less on things that aren't that important, you will have more for what's really important.

In this blog I will try to simplify as much as I can from my education in investing.

Follow for crypto advice and investing tips:
Gene, CEO of Earnpark Open / Comment

2022-10-19 20:00:11 ​Bitcoin, Ethereum Technical Analysis: ETH Lower, as USD Gains Following Strong Q3 Earnings

Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. economy, despite the global slowdown. Bitcoin was also back in the red.

Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550.

Following a high of $19,655.75 on Tuesday, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 earlier today.

Wednesday’s drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900.

Bearish sentiment has largely been present during what many are calling “red October,” with BTC trading below $20,000 for the majority of the month thus far.

Looking at the chart, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come.

In addition to this, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 point.

Like BTC, ethereum (ETH) fell for a second consecutive day, as the token moved below the $1,300 level.

Earlier in yesterday’s session, the token was trading above a ceiling of $1,330, however after failing to sustain a breakout, bears reentered the market.

The world’s second largest cryptocurrency fell to an intraday low of $1,291.66, a day removed from hovering at a high of $1,332.49.

As can be seen from the chart, today’s decline in ETH comes as the 14-day RSI continued to fall from its own ceiling of 46.80.

Currently, the index is tracking at 43.47, with the next visible point of support close to the 36.00 region.

Should price strength continue to deteriorate, we could soon see ethereum move further into bearish territory. Open / Comment

2022-10-16 20:02:13 Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected

The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter foreign exchange markets for the first time since 1998.

The Japanese yen fell to a rate of 147.66 per dollar, its lowest exchange rate versus the U.S. dollar in 32 years, a report has said. The yen’s latest record-breaking fall came after official figures from the United States showed that prices had gone up faster than anticipated. The U.S. Federal Reserve has been using rate hikes to tame inflation but these have in turn caused the dollar to strengthen against other global currencies.

However, unlike other central banks that have followed in the footsteps of the U.S. Federal Reserve and raised interest rates, the Bank of Japan (BOJ) is said to have maintained an “ultraloose monetary policy.” Investors have in turn responded to the resulting gap between U.S. Treasuries and Japanese government bonds by selling the yen.

As reported by Bitcoin News in September, when the dollar’s rise caused the yen to slip to a 24-year low versus the greenback, the BOJ responded by intervening in foreign exchange markets for the first time since 1998. According to a BBC report, authorities in Japan are again likely to respond to the yen’s latest plunge with another intervention.

The report quotes the Japanese Finance Minister Shunichi Suzuki who suggests that “appropriate action” will be taken to stop the yen from slipping further.

“We cannot tolerate excessive volatility in the currency market driven by speculative moves. We’re watching currency moves with a strong sense of urgency,” Suzuki reportedly said. Open / Comment

2022-10-13 20:00:07 ​Bitcoin, Ethereum Technical Analysis: BTC Below $19,000 Following FOMC Minutes

Bitcoin was trading below $19,000 on Thursday, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. In the minutes, the Federal Reserve hinted at upcoming hikes, while also acknowledging a level of surprise at the rate at which inflation has risen. Ethereum moved below $1,300 in today’s session.

Bitcoin (BTC) was back in the red on Thursday, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes.

September’s minutes showed that the U.S. Federal Reserve was relatively surprised at the rate at which inflation has risen, whilst also signaling the prospect of upcoming rate hikes.

As a result of the report, BTC/USD fell to an intraday low of $18,642.11, after a brief rally in yesterday’s session.

Today’s sell-off takes the token to its lowest point since September 28, and close to a support of $18,600 in the process.

Looking at the chart, the 14-day relative strength index (RSI) has also broken out of its floor at 41.00, which could be a sign of further bearish pressure.

So far, the token has marginally rebounded from earlier lows, and as of writing, is trading at $18,714.45.

In addition to BTC, ethereum (ETH) was also lower on Thursday, as the token slipped below a key mark of its own.

The world’s second largest cryptocurrency fell below $1,300 earlier in today’s session, hitting a low of $1,232.93 in the process.

Like with bitcoin, this is the lowest price that ETH/USD has hit since late-September, and should it move below this, it will hit a bottom not seen since July.

Yesterday’s upwards crossover between the 10-day (red) and 25-day (blue) moving averages now seems to be shifting course, following today’s drop.

A slight position for ethereum bulls, is that the token has moved away from the day’s low, following a collision with a support point of $1,235.

Overall, price volatility continues to remain high, with a strong possibility of ETH falling below $1,200 in the coming hours or days. Open / Comment

2022-10-10 20:00:06 ​Bitcoin, Ethereum Technical Analysis: BTC, ETH Fall to 1-Week Lows, as Markets Prepare for Big Week of Data

Bitcoin was trading near a key support point on Monday as markets prepared for a big week of economic data. The headline release will be Wednesday’s U.S. inflation report, which is forecasted to come in at 8.1% for September, which is lower than August’s rate of 8.3%. Ethereum was also in the red, as the token slipped to a one-week low to start the week.

Bitcoin started the week trading at a seven-day low, as markets prepared for a big week of economic data.

BTC/USD slipped to a bottom of $19,162.31 on Monday, which saw prices drop below a key support point of $19,300.

Since hitting this floor, bulls have since reentered, pushing prices back above the aforementioned support.

Looking at the chart, today’s drop in price came as the 14-day relative strength index (RSI), fell to a bottom of its own.

As of writing, the index is tracking 45.47, which is marginally above a support of 45.00, however, bulls have thus far rejected a breakout attempt.

Should this continue to be the case, we could see bitcoin bounce from this point, and head back towards the $20,000 mark.

In addition to bitcoin, ethereum (ETH) was also tracking near a one-week low on Monday, with prices also nearing a breakout.

The world’s second largest cryptocurrency dropped to a low of $1,300.00 to start the week, however bears failed to take the token below this point.

Despite the failed breakout, ETH/USD is currently still trading at its lowest point since October 3, which is the last time price was under $1,300.

As seen from the chart, it appears that bulls are still present in ETH, with the 10-day (red) moving average closing in on a crossover with its 25-day (blue) counterpart.

Should this crossover take place, we could see the price of ethereum surge back toward a resistance of $1,390.

Traders will likely be paying attention to the RSI for guidance, with the index currently hovering marginally above a floor of 41.30. Open / Comment

2022-10-07 20:00:04 ​Smartphone Giant Samsung Could See Its Quarterly Profit Slump by 25%

The overall slump in the South Korean company’s quarterly profit is a reflection of the combined drop across its business segment.

South Korean multinational electronics corporation and tech giant Samsung Electronics Co Ltd (KRX: 005930) is feeling the pangs of the current economic downturn as July to September and could see a significant cut in profit. As reported by the Economic Times, citing a Refinitiv SmartEstimate from 22 analysts, the company’s operating profit could plunge to 11.8 trillion won or $8.3 billion.

While the firm is billed to give its earnings call tomorrow at 8.40 local time on Friday (2340 GMT on Thursday), the figures are presented as the first profit decline for the company since the pre-pandemic quarters. Besides this decline, the operating profits also come off as the slowest growth since the first quarter of 2021.

The growing inflation level this year and the monetary response of Central Banks have made many spenders stay on the side of caution when it comes to spending in general. The current economic climate has stirred up the fears of inflation across the board, and without anyone allaying these fears, consumers have stayed more prudent, especially for high-end phones.

The transition from the willingness to spend as in the COVID-19 pandemic days to hoarding spending is telling on Samsung which comes off as one of the biggest beneficiaries of the pandemic.

“Being the world’s top memory chip maker, top in TV and mobile OLED displays, and top in smartphone shipments, Samsung is highly sensitive to the economy, with profits easily linked to demand,” said Greg Roh, head of research at Hyundai Motor Securities.

Kim Yang-jae, an analyst at Daol Investment & Securities also estimates that the company’s shipment was impacted by the events in the broader supply chain world. According to Kim, the company must have shipped 62.6 million after its distribution Channels cut orders.

The overall slump in the South Korean company’s quarterly profit is a reflection of the combined drop across its business segment.

According to data from TrendForce, the prices of Samsung’s DRAM memory chips which are used in smartphones and personal computers dropped by a massive 14%. Also, the powerful NAND Flash chips that are used in data storage were down by 8%.

Ahead of the earnings call, Samsung shares have been on the rise and have topped 0.54% in the past 24 hours. Despite this marginal growth, the shares are down by 30% in the year-to-date period.

Samsung has been innovating significantly to balance out the competition from other top phone makers like Apple Inc (NASDAQ: AAPL). The company launched a higher version of its foldable phones, the Galaxy Z Phones which has raised the average price of its phones across the board. The mobile segment, however, experienced a plunge of 17% according to forecasts with an expected 2.8 trillion won profit. Open / Comment

2022-10-04 20:00:05 ​Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000, USD Hits 2-Week Low

Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also up, hitting a five-day high.

Bitcoin (BTC) briefly rose above $20,000 on Tuesday, as the U.S. dollar continued to decline versus other major currencies.

This has resulted in the world’s largest cryptocurrency climbing to a peak of $20,071.20 earlier in today’s session.

Today’s high is the strongest point that BTC/USD has traded at since September 30, and is marginally below a ceiling of $20,200.

As can be seen from the chart, earlier bulls retreated from the market as BTC neared the aforementioned resistance point.

Overall, the rally began following a breakout of another point of uncertainty, this being the ceiling of 49.00 on the relative strength index (RSI).

The index is now tracking at 52.22, which is slightly below a resistance of 53.00, and this seems to be another reason why BTC has slipped from its earlier high.

Like BTC, ethereum (ETH) also rose to a five-day high in today’s session, moving above a key resistance level in the process.

Following a low of $1,294.41 to start the week, ETH/USD raced to an intraday high of $1,355.89 earlier in the day.

The move saw ethereum break out of its ceiling of $1,330, with the 14-day RSI also moving beyond a point of resistance.

Looking at the chart, the indicator rose above its ceiling of 41.50, and as of writing, is tracking at 44.82.

This is the strongest reading for the index since September 15, when ETH was trading at a high of $1,470.

In order to move back towards those levels, the RSI will need to break out of an upcoming ceiling of 45.00. Open / Comment

2022-10-04 17:00:06 ​ AMAZING NEWS
As the world cup approaches, we are experiencing new ATHs in #BFT and #SNFT.
Looking forward to the upcoming #worldcup2022.
Bitcicoin, the mainnet coin of Bitcichain which includes #BFT and #SNFT will begin its listing on BİTGET and GATE.IO .
BİTCİCOIN
- Main coin of Bitcichain network
- It binds all products and services offered in the Bitci Ecosystem
- Tokens of each project running on Bitcichain may easily be converted to Bitcicoin, may be traded in Bitcicoin Market or other markets on different exchanges
- Bitcicoin is tradeable as itself and for to buy fan tokens
- Its value is determined with current and future fan token projects developed on Bitcichain.

BİTCİCHAIN
- It is the blockchain infrastructure of Bitci Teknoloji that develops private brand tokens for companies and institutions
- Fan tokens of sports clubs such as Spain National Football Team, Brazil National Football Team, Rangers Football Club, MOTOGP, McLaren are improved over Bitcichain blockchain network.
- Loyalty tokens are created on Bitcichain for companies.
- Businesses can distribute the tokens to their users as a reward, discount or prepaid over the personalized digital accounts offered by Bitcichain.
- Bitcichain offers blockchain based smart contracts which are more secure and traceable way in keeping your account in logistics & procurement

To explore this amazing blockchain company

BİTCİCOIN IS AVAILABLE ON:
- XT ,MEXC ,LBank ,Big One ,Probit ,Biconomy,Finexbox ,Bittrex, Bitget,BitMart ,Gate.io,Huobi
FOLLOW US ON SOCIAL MEDIA
TWITTER:
@bitcichain
@bitcicomglobal Open / Comment

2022-10-01 20:00:05 ​US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown

The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in a popular cryptocurrency scam known as “pig butchering.” The order also freezes the accounts allegedly holding cryptocurrencies belonging to the victims.

The attorney general of the U.S. state of Delaware, Kathy Jennings, announced Wednesday that the Investor Protection Unit of the state’s Department of Justice (DOJ) has “issued a summary order to cease and desist against 23 entities and individuals involved in a cryptocurrency scam known as the ‘pig butchering scam.'”

Pig butchering crypto scams have recently become alarmingly popular. Victims of this type of scam “are groomed over time to make investments using cryptocurrency, only to find that what they thought was a safe investment was a scam,” the Delaware DOJ detailed. “The moniker stems from the scammers’ practice of ‘fattening’ the victims before absconding with their assets (‘butchering’).”

Attorney General Jennings stressed, “When victims lose money through cryptocurrency scams, including the pig butchering scam, it can be difficult to recover those funds,” adding:

Today’s order takes a first step toward protecting Delaware investors from the pig butchering scam by freezing funds at risk from further transfer by the wrongdoers.

The announcement details that the Investor Protection Unit received complaints from residents in the state. They explained that they were contacted online by unknown persons who urged them to invest in cryptocurrency. The scammers then encouraged them to invest more after showing large returns on initial investments.

However, the Delaware DOJ warned: “Ultimately, they were never able to withdraw the funds and their cryptocurrency disappeared. It is estimated that this international scam involves thousands of victims across the country with losses into the billions of dollars.”

Working with a data analytics company, the Investor Protection Unit traced cryptocurrency belonging to two Delaware complainants to a number of wallets on various crypto exchanges, the authority described.

The cease and desist order prohibits anyone or any entities affiliated with the wallets from withdrawing or transferring assets owned by the complainants, the Delaware Justice Department noted, elaborating:

This, in turn, prevents the exchanges holding the wallets from permitting parties to move the fraudulently obtained crypto, thus effectively freezing the accounts holding assets belonging to the Delaware victims. Open / Comment