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2021-07-15 09:07:16 ​​ ECB Starts Digital Euro Project With Two-Year Investigation & Bitcoin Bashing

The European Central Bank (ECB) announced that Eurosystem has formally launched its central bank digital currency (CBDC) project to prepare "for the possible issuance of a digital euro." Once again, the central bank used another chance to claim that its CBDC is going to be better than decentralized Bitcoin (BTC).

The investigation phase of a digital euro project is set to last 24 months. And it will address key issues regarding design and distribution, as a digital euro has to both meet Europeans' needs and help prevent illicit activities, while avoiding any undesirable impact on financial stability and monetary policy.

ECB President Christine Lagarde said:

"All of this has led us to decide to move up a gear and start the digital euro project. [...] Our work aims to ensure that in the digital age citizens and firms continue to have access to the safest form of money, central bank money." Open / Comment

2021-07-13 09:40:18 ​​BTC: $33,051.69 (-3.79%)

Bitcoin price is down, but here’s 3 reasons why $1B liquidations are less frequent

This year crypto derivatives traders faced some tough times, but the current situation seems much more favorable to Bitcoin bulls.

Bitcoin might be struggling to break the $36,000 resistance for the past three weeks, but bulls now have one less thing to worry about: cascading futures contracts liquidations.

Three reasons why $1 billion futures liquidation should not be a concern right now.

Cash and carry trades have a low liquidation risk.
Today, longs are far from over-leveraged.
Open interest also crashed when Bitcoin price imploded.

More details here Open / Comment

2021-07-12 10:17:32 ​​ Top 5 cryptocurrencies to watch this week

Bitcoin price is still range-bound and traders are searching for signs that may provide insight about the next directional move. And there are some positive outlooks for Bitcoin.

Philip Swift, the creator of analytics resource LookIntoBitcoin, pointed out that the Puell Multiple rebounded “out of the green zone of this week” only for the fifth time in history. And added that if the indicator continues to move up, Bitcoin’s price may follow it higher.

Lex Moskovski, chief investment officer at Moskovski Capital, highlighted that Bitcoin’s price was trading about 59% below the target price projected by the stock-to-flow model, which is the largest negative deflection in history. And he added this could be a “great buying opportunity” for traders who believe in the model.

Let's look at 5 cryptocurrencies that could start trending moves this week.

Bitcoin-BTC
Terra-LUNA
Cosmos-ATOM
PancakeSwap-CAKE
FTX Token-FTT

Why these coins? The answer is here Open / Comment

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https://t.me/joinchat/TfTB7-tPTE5GOtRC Open / Comment

2021-07-09 09:56:58 ​​ Breaking news — 9 June

June's web traffic to crypto exchanges sees second-biggest drop since January. Binance had the largest share of web traffic at 40.7%, followed by Coinbase with 19.2% and Indodax, an Indonesian crypto exchange, held 3.6%.

Twitter CEO Jack Dorsey-led payments company Square confirmed it aims to build a bitcoin (BTC) first hardware wallet "to make bitcoin custody more mainstream."

Santander UK, the British unit of the Spanish banking giant, is the latest financial institution to block payments to crypto exchange Binance. Open / Comment

2021-07-08 10:30:59 ​​ NFT movie

Anthony Hopkins’ new film “Zero Contact” is set to premiere as an NFT on a new global NFT distribution and viewing platform called Vuele.

This information appeared on Twitter of the platform.

Vuele is a recently launched direct-to-consumer NFT platform, and “Zero Contact” marks the company’s first feature film acquisition. Users can become owners of exclusive, limited editions of films and collector NFT content which they can watch, collect, sell or trade on the platform. Open / Comment

2021-07-08 09:47:22 ​​ MARKET WATCH — 08.07.2021

Bitcoin and Ethereum Stuck In Range, Major Altcoins Struggle

BTC: $33,145.78 (-4.68%)
ETH: $2,219.41 (-6.95%)
BNB: $318.62 (-4.72%)
LTC: $133.76 (-5.68%)
DOGE: $0.2176 (-7.43%)
XRP: $0.6332 (-5.61%)

Bitcoin (BTC) traded below the USD 34,000 zone and it even broke USD 33,500. It is now struggling to stay above the USD 33,000 and USD 33,200 support levels.
Ethereum (ETH) traded below the USD 2,300 support. It is now trading near the USD 2,250 level. Any more losses might lead the price towards USD 2,200 or even USD 2,180.
Binance Coin (BNB) corrected lower below USD 330 and it is now trading near USD 320.
Litecoin (LTC) failed to settle above the USD 140 level and it corrected lower. LTC traded below the USD 135 level and it is now showing a few bearish signs.
Dogecoin (DOGE) s gaining bearish momentum below the USD 0.230 level. It even broke the USD 0.220 level and it could continue to move down.
Ripple (XRP) is gaining pace below the USD 0.650 support level. The first key support is near the USD 0.620 level.

Several altcoins gained over 5%, including FLOW, STX, AXS, ICX, MANA, ENJ, ONE, SC, CHZ, THETA, and SOL. Out of these, FLOW rallied over 35% and it cleared the USD 17.50 level. Open / Comment

2021-07-07 17:32:22 ​​ Bitcoin battles $35K as traders agree volatile BTC price move incoming

Bulls may not have long to wait before BTC price action sees its next leg up, traders suggest, with $35,500 in focus for a breakout.

Main points:
- BTC breakout means first stop: $39,000
- Altcoins set for price “outperformance” vs. Bitcoin

More details here Open / Comment

2021-07-06 09:57:45 ​​ Barclays customers in the U.K. can no longer transfer funds to Binance

Quick Take:
- Barclays clients based in the U.K. are prohibited from using a credit or debit card to make payments to the exchange until further notice.

- The ban comes nearly two weeks after the Financial Conduct Authority (FCA) said Binance Markets Limited is not authorized to carry out crypto operations in the country.

Tweet by London-based bank's support:
“It’s our responsibility to help protect your money... With this in mind we’ve taken the decision to stop payments made by credit/debit card to Binance until further notice, to help keep your money safe." Open / Comment

2021-07-05 10:55:46 ​​ Top 20 most discussed cryptocurrencies on Twitter in June 2021. In the chart below you can find a share of mentions of each coin from the top 150 coins list.

Shiba Inu, Bitcoin and Dogecoin became the most discussed in June.

SHIB: $0.000008493 (-4.36%)
BTC: $34,213.12 (-3.58%)
DOGE: $0.2416 (-3.75%) Open / Comment