Bitcoin is coming to US banks and credit unions

Bitcoin is coming to US banks and credit unions

According to a June 23 press release, customers of financial institutions, such as banks and credit unions, can buy and sell and hold bitcoins directly through their accounts. This is because of the recent collaboration between NYDIG, a subsidiary of Stone Ridge, and Fiserv, a global payment technology provider.

California’s First Foundation is working on providing such a feature.

The two companies also have plans to implement programs that reward customers in the form of the largest cryptocurrency, Bitcoin.

NYDIG CEO Robert Gutmann claims that the partnership is a "leap forward" in bringing bitcoins to financial institutions of all sizes:

"Our partnership with Fiserv is a leap forward in delivering integrated bitcoin transactions to institutions of all sizes and locations to meet the growing demand and interest of their customers."

As reported by U.Today, NYDIG also partnered with the National Fidelity Information Service (FIS) last month to allow hundreds of small US banks to hold or trade bitcoins.

Permanent residence in[ El Salvador] for {crypto} entrepreneurs

Permanent residence in El Salvador for crypto entrepreneurs

As we reported a few days ago, the President of El Salvador, Najib Abu Quilla, announced during the Miami Conference that the country intends to accept bitcoin as a currency in the country. Now the 39-year-old has added to the appeal of his proposal on Sunday with his new remarks on Twitter. Abu Kileh announced in his latest tweet that:

"The government immediately grants permanent residency to crypto entrepreneurs."

Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bokle added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.

It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year sent more than $ 6 billion in remittances, despite the Corona epidemic.

Abu Kileh acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.

Micro-investor opinion: Cardano is higher than Bitcoin

Micro-investor opinion: Cardano is higher than Bitcoin

According to a recent survey by cryptocurrency broker Voyager Digital, US investors' outlook on Cardano (ADA) is much higher than that of the market's leading cryptocurrency, Bitcoin (BTC).

The company's digital asset investor sentiment poll, first published by the Decrypt news website, shows that 31.9% of investors surveyed are more bullish than Cardano, while 22.2% are BTC. Have been selected instead of ADA. The results came as Cardano hit a record low of $ 1.5 last month, becoming the fourth-largest currency in terms of market value.

Steve Ehrlich, CEO of Voyager Digital, said:

"Sure, everyone is talking about bitcoin these days, but to name Cardano ahead of the currency is really a big surprise."

Ehrlich added that this sentiment reflects the "passion" that the company's users have for cryptographic assets. After Bitcoin, investors had the "most bullish outlook" on Atrium (12.2%) and Polkadat (6.3%). According to him, the results show that the diversity in the cryptocurrency ecosystem has increased, because investors have more assets to choose from.

The survey of 1385 investors in the United States found that most participants expect the price of bitcoin to reach $ 51,000 to $ 60,000 by the end of this month, in addition to the fact that 80% of respondents said they intend to Buy more bitcoins this month.

The results of the Cardano poll were somewhat predictable, as the cryptocurrency has risen more than 500 percent this year, drawing the attention of small investors.

It is worth mentioning that the search for this cryptocurrency also exceeded the highest figure recorded in 2017 last month, and since then, this upward trend has continued. A Google search for a cryptocurrency is often used to assess the interest of small investors in that currency.

Cardano's price has risen to $ 1.11 after a massive correction from its highest price level of about $ 1.5.

17% of the world's bitcoin reserves have not been moved for more than 7 years

17% of the world's bitcoin reserves have not been moved for more than 7 years

The Unfolded database announced yesterday that a high percentage of the world's bitcoins have not been traded for more than seven years. This data is extracted by the "HODL Wave" indicator, which is a practical tool in the analysis of chain data on the Glassnode website.

This indicator tracks the time between bitcoin transactions, giving an in-depth look at how long that bitcoin has been stored at an address before being moved across the network. The indicator is named after a popular post on the Bitcointalk forum that told bitcoin holders in 2013 to hodl their bitcoins and not sell them. .

The HODL Wave indicator shows that more than 3.3 million bitcoins have not been transferred on the network for more than 7 years. This amount of bitcoins is equal to 17.87% of the total bitcoins in circulation in the world and their value is estimated at the current price of bitcoins of about 160 billion dollars.

These bitcoins do not necessarily belong to whales. Large quantities of these bitcoins have been lost in recent years due to accidental deaths or password forgetfulness.

"Many of these wallets belong to people who bought or mined bitcoins at very low prices and then extracted them," said YIELD App CEO Tim Frost in a note. They are lost and do not have access to it. "Until 2013, many saw bitcoin as a monopoly currency and had no vision for the future and what bitcoin could become."

Last year, a report was published by the Chainalysis website that reported a slightly higher number of bitcoins lost in smaller timeframes. It reported that approximately 3.7 million bitcoins in the world (20% of circulating bitcoins) had not been traded for 5 years. The same report also noted that 3.5 million bitcoins worldwide are actively traded on the open market, while 11.4 million bitcoins are held as long-term investments in Chinese blockchain addresses.

However, Tim Frost believes that it is possible to provide access to these bitcoins to their owners. "These wallets are like hammers that can hit the market at any moment."

But this issue can also be traced. Glassnode has another indicator called Coin Days Destroyed that moves upwards when an old bitcoin is moved over the network.

As we can see in the chart above, in late 2018 and 2019, we see that the old currencies in the network have been transferred to the network for the first time and after a long time. We see such activity now and in 2021, but the level of these activities is almost the same and has not increased.

The story of Bitcoin purchase by Bainance CEO: "I have never sold and I have done well so far"

  

The story of Bitcoin purchase by Bainance CEO: "I have never sold and I have done well so far"

Changpeng Zhao, CEO and founder of the world's largest digital currency ecosystem, Bainance Exchange, told his followers on his Twitter account the story of buying his first bitcoin.

Amid the sharp bitcoin price boost that has severely reduced Microstrategy shares, Michael Saylor, CEO of the company, spoke about investment myth Peter Lynch and author of One Up on Wall Street. In this statement, he rejected and rejected the efforts of many investors to buy at the price floor, with any correction in the market.

"More money has been lost by investors who prepared for or tried to anticipate the price correction than by the price correction itself."

Michael Saylor extended these words to Bitcoin. Peter Lynch, meanwhile, made the remarks long before digital currencies were accepted in society.

At the same time, CZ, CEO of Bainance Exchange, decided to further prove Lynch's law. He told the story of buying his first bitcoin seven years ago for $ 400.

In response to Michael Saylor's tweet, he wrote:

"I bought Bitcoin in 2014 at an average price of $ 600. I have seen many price corrections but I have never sold my bitcoins and I have done well so far. "This is not an economic recommendation."

He noted that after he bought Bitcoin, the price of Bitcoin fell to $ 200 and remained at that level for several months. He therefore recommends that all traders modify their trading time form to analyze the price of Bitcoin.

CZ was also one of the first supporters of the Laser Eye Challenge on Twitter. The challenge is for people to change their profile picture to laser eyes until the price of Bitcoin reaches 100,000 dollars. After him, many celebrities and politicians joined him and changed their photos.

The challenge has not been successful so far, and Bitcoin faced a 23 percent price correction and $ 5.4 billion in liquidation on February 22nd.

Bitcoin is one step closer to $ 50,000

Bitcoin is one step closer to $ 50,000

Bitcoin, the market's largest cryptocurrency, ends its hectic week with a new record. Today, Bitcoin took another step towards the $ 50,000 area by touching the $ 49,357 level at Bitstamp. At the time of writing, Bitcoin is trading at $ 48,836.

Currently, the market value of this leading cryptocurrency is over 910 billion dollars and its dominance in the cryptocurrency market is about 61%. According to recent actions by Tesla, MasterCard and BNY, last week is without a doubt one of the most successful weeks in the history of Bitcoin.