Global :Gold: Analysis Today Thursday, June 24

Global Gold Analysis Today Thursday, June 24

On Wednesday, gold had another bullish day, largely driven by sentiment over the US dollar and the Fed's monetary policy stance. The gold price broke the trend and reached its highest daily rate after hitting the PMI index of market services and the new rate of home sales in the US eased inflation concerns and severely affected the US dollar index. Reached $ 1795.

 The selling pressure created during the last week and the subsequent downward consolidation trend has led to the formation of a flag pattern. The closing of the daily price below the support level of the uptrend at $ 1768 confirms the downward failure of the continuing pattern.

After that, a defense line at the lowest level of the last two months, the level of $ 1761, will be waiting for this precious metal. If this level is crossed, the $ 1750 psychological barrier will be activated.

As the downtrend continues, the lowest price level recorded in mid-April, around $ 1,725, could temporarily stop the cows. The relative resistance index (RSI) is falling towards the saturation territory at 32.71 and indicates that there is still a possibility of price reduction.

As the downward trend intensifies, the price of gold will be on the verge of confirming the formation of a "cross of death", while the daily moving average of 200 (DMA) from above will cut the daily moving average of 50.

On the other hand, if buyers manage to stabilize above the $ 1794 level, the 100-DMA cross and support of the downtrend line will lead to the failure of this pattern.

In this uptrend, the highest price recorded on June 18 at the level of $ 1797 before the re-touch of the level of $ 1800 is on the agenda of cows.

Senator Cynthia Lummis has announced that she will discuss Bitcoin with the Biden administration

Senator Cynthia Lummis has announced that she will discuss Bitcoin with the Biden administration

US Senator Cynthia Lummis has said she will discuss bitcoin with the Biden administration. Ms Lumis described the talks as "promising and fruitful", saying they were being held with officials in charge of regulating digital currencies.

The American politician also stated that he believes in bitcoin. Earlier, on its official Twitter account, it welcomed the NRCC's decision to accept voluntary donations in the form of digital currencies.

As one of the leading supporters of Bitcoin, Ms. Lumis believes that these cryptocurrencies can play an active role in combating inflation. It is worth noting that inflation in the United States is currently around 2% and could be even higher in the future. Therefore, citizens are looking for a way to protect themselves against inflation.

Ms. Lumis says she fully supports the market's biggest cryptocurrencies in terms of investment. Arguing that Bitcoin is an alternative and legal means of saving and can serve as a tool to control and devalue Fiat money.

He also said that this is a new financial era and that his team is working on it because digital assets will be included in the US financial system in the future.

Shibu Inu 10% drop following CoinBase Pro announcements

Shibu Inu 10% drop following CoinBase Pro announcements

CoinBase Pro's decision to list Shibu Inu (SHIB) as the largest professional digital currency exchange in the United States was surprising. After all, it is one of the most organized and compatible digital currency exchanges in the world, while Shibu Inu is just a meme coin and has no special features.

CoinBase Pro listed Shibu Inu (SHIB) earlier this week alongside Cape Network (KEEP) and Chile (CHZ) as three new assets on its trading platform.

Many cryptocurrencies have suggested that the move is a way to compete for revenue with competitors (who list such tokens but are certainly not legal).

At that time, the Shibu Inu "community" grew. But after CoinBase Pro modified its SHIB plans late Wednesday, it proved to be a temporary decision.

"We are experiencing technical issues that temporarily delay the launch of SHIB on CoinBase Pro," the exchange said in a tweet.

"According to this announcement, the purchase of Shibu Inu has been deactivated in this exchange, but users can withdraw their assets."

The announcement reduced the Shibu Inu by almost 10%.

 CoinBase Pro says it seeks to enable SHIB trading soon. "We will provide an updated timeline for buying and selling this meme quin as soon as possible," the company said.

Chinese banks have launched 3,000 ATMs with the ability to convert digital yuan into cash

Chinese banks have launched 3,000 ATMs with the ability to convert digital yuan into cash

There are currently over 3,000 ATMs in Beijing with unique capabilities that can convert China's digital yuan (e-CNY) into cash and vice versa.

The Beijing branch of the China Industrial and Commercial Bank (ICBC) announced that the feature is available to the public through 3,000 ATMs in the Chinese capital, Xinhua reported on Friday. Therefore, China is constantly expanding its e-CNY operations.

The Agricultural Bank of China (ABC), one of the four largest state-owned commercial banks in the country, has launched 10 ATMs with the same facility in Wang Fujing, China.

The bank first tested the possibility in January in Shenzhen, China.

The Industrial and Commercial Bank of China also tested the feature on 10 ATMs in Beijing in February.

The Chinese capital recently held its second promotional lottery with prizes of 40 million yuan ($ 6.3 million) worth of digital.

In total, six Chinese cities - Shenzhen, Suzhou, Beijing, Chengdu, Changsha and Shanghai - have held 11 digital yuan electronic lotteries since October, with a total of 250 million yuan ($ 40 million) worth of digital yuan. Has been.

According to [Ripple] Chief Technology Officer, {Amazon} can use XRP Ledger side chains

According to Ripple Chief Technology Officer, Amazon can use XRP Ledger side chains

According to David Schwartz, Ripple's chief technology officer, Amazon could potentially use XRP Ledger side chains for its blockchain service.

The CEO told Thinking Crypto that the e-commerce giant "certainly" has the infrastructure to make this happen:

"Amazon certainly can... you know, they certainly have the infrastructure to make that happen. "What we need to do is build software that is clean enough and organized enough, so I think it can be very competitive."

The architect of XRP Ledger says that he would like to get to a place where it is "very easy" to build on top of this platform.

Earlier this month, Schwartz proposed adding side chains to execute smart contracts without affecting XRP Ledger security. He predicts that decentralized finance will be their biggest use.

Schwartz points out that this community decides whether XRP Ledger needs this new feature:

"We do not have a secret agenda. It will not be successful if it is just a Ripple-related issue."

A multi-currency world

Schwartz claims that there is no world in which people do not need cross-border and multilateral payments.

He says that even if Bitcoin "takes over" the world, there is still a need for liquidity, where XRP comes into play.

According to Schwartz, cryptocurrency can act as "last resort liquidity."

50 Korean companies apply for a new license in the field of cryptocurrencies

50 Korean companies apply for a new license in the field of cryptocurrencies

Fifty South Korean-based cryptocurrency companies have applied for a new Information Security Management System (ISMS) license. The license is issued by the South Korean government and certifies companies that meet strict standards of information protection and privacy.

This regulation will come into force in September 2021 and is one of the first licenses for digital currency trading in Korea. With a large number of young people active in the digital currency market, it has the largest digital currency trading population in the world.

 The Korean government has introduced or is about to introduce laws to better regulate local digital currency markets.

ISMS is one of them. This license evaluates jobs according to various criteria - including overall risk management, access control, server and security management, and more. 20 local exchanges have already received ISMS certification, including UpBit and Kobit, and 30 other exchanges have applied and are waiting in line.

SHIB* cryptocurrency was listed on the |Coinbase| Pro exchange

SHIB cryptocurrency was listed on the Coinbase Pro exchange

Coinbase Pro, the professional arm of the largest cryptocurrency exchange in the United States, has announced the listing of Shiba Inu (SHIB) cryptocurrencies.

Earlier this month, the trading platform also added support for Dogecoin, the flagship coin.

In addition to SHIB, Coinbase Pro Exchange also lists Chilean Ciphers (CHZ) and Cape Network (KEEP).

Trading will begin after 9 a.m. Thursday.

Yesterday, the Coinbase Pro exchange also listed Polkadat cryptocurrencies (DOTs), causing the price of the cryptocurrency to rise sharply.

According to CoinMarketCap data, SHIB ciphers have now risen 26 percent in the past 24 hours.

Last month, Atrium co-founder Vitalik Buterin burned 90 percent of the SHIB tokens donated to him by anonymous token developers, adding that he would donate the rest to charity.

Amazon| shares likely to grow 10% after the unveiling of {Luna} cloud gaming service

Amazon shares likely to grow 10% after the unveiling of Luna cloud gaming service

Amazon (NASDAQ: AMZN) is set to make its Luna game service available to Amazon Prime subscribers in conjunction with the Amazon Prime Day Festival on June 21 and 22. This could pave the way for a new source of revenue and increase the value of the company's stock.

Last September, 37 analysts set a 12-month target for Amazon at $ 3,732.29 on average and the lowest and highest forecast levels at $ 3,400 and $ 4,200, respectively. These figures show a 10.51% increase over today's stock price of $ 3383.13 (-0.022%).

It is worth noting that the company's latest quarterly revenue report shows revenue of $ 108.52 billion, an increase of 44% over the previous year. Obviously, this figure has broken analysts' forecast of $ 105.23 billion. The company reported earnings of $ 15.79 per share, which is contrary to analysts' estimates of $ 9.54.

Luna game service and Amazon shares

As can be seen from the company's stock performance, Amazon continues to move forward: 3.67% growth in 5 days, 4.69% in 1 month, 9.44% in 3 months, and 3.9% growth since the beginning of the year. The company has been operating for the past year. Perhaps one of the reasons for this growth is the increase in online shopping since the beginning of the Corona epidemic. Currently, the company plans to increase its sales in the second quarter of the year to 110 to 116 billion dollars. Amazon hours of play on the Prime Video platform have increased by 70% compared to last year, so the arrival of Amazon Prime Day is expected to have a positive impact on sales.

The company's latest offer gives all Prime members in the United States access to a 7-day trial of the Luna cloud platform. Initially, access to Luna was limited to subscriptions to Amazon Fire TVs. However, the company has now lifted this restriction and Luna is compatible with other operating systems including Mac Apple, Windows PC and via the web on iPhone, iPad and Android.

From June 14 to 22, Luna controller buyers will enjoy a 30% discount on $ 69.99.

Amazon (NASDAQ: AMZN) introduced Luna as its first move in the gaming industry in September last year. The platform has evolved to the point where it now competes with giants such as Xbox, Google Stadia, Game Pass and Microsoft xCloud. However, in the meantime, certain studies have already affected the Luna cloud gaming platform. For example, some testers claim that although games load quickly, the title library is very small. In addition, to have an uninterrupted game, you need to have an internet speed of at least 25 Mbps.

Legendary trader [John Bollinger] claims $ 50,000 is the next *target* of Bitcoin

Legendary trader John Bollinger claims $ 50,000 is the next target of Bitcoin

In a recent tweet, John Bollinger, a prominent trader, claimed that the $ 50,000 price tag is "the first real target" of Bitcoin.

The maker of the Bollinger Bands Fluctuation Indicator believes that the lowest price of this flagship currency, Bitcoin, is its current price.

Earlier today, Bitcoin reached a price of $ 41,341, which is the highest price level since the 21st.

Despite registering its third major correction in May, the bellwether cryptocurrency will still grow 42% in 2021.

Recent events in El Salvador, recent bullish comments by Paul Tudor Jones, and the purchase of MicroStrategy are pushing up the price of bitcoin again.

According to U.Today, a recent Bank of America poll shows that bitcoin is no longer the busiest business, paving the way for other commodities.

Microstrategy plans to buy bitcoins by selling $ 1 billion worth of shares

Microstrategy plans to buy bitcoins by selling $ 1 billion worth of shares

Save MicroStrategy's appetite for bitcoin seems to never end. At the request of the company to the SEC, which was released on June 14, the trading giant intends to sell its shares worth $ 1 billion to buy more bitcoins.
Microstrategy, despite having the largest amount of bitcoin reserves among other trading companies, still intends to double its investment in bitcoin. According to the latest developments, the company plans to raise $ 1 billion from the sale of its shares and thus Add money to your bitcoin assets.

As reported by BTC PEERS, Microstrategy announced on Monday that it has raised $ 500 million to buy bitcoins. As expected, the company is looking to increase its bitcoin assets by all means. Following this news, the microstrate stock grew by 13%.

In February, MicroStrategy CEO Michael Silver, a staunch supporter of Bitcoin, held a MicroStrategy World 2021 virtual conference with his 6,900 employees. Last month, bitcoin was put at great risk due to its high energy consumption, but Mr. Silver convened a meeting on bitcoin mining, in which he tried to push bitcoin mining toward greener options.