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.

The first {digita}l token offered by the [largest] bank in Southeast Asia

The first digital token offered by the largest bank in Southeast Asia

The Bank of Singapore on Monday announced its first digital token on its central bank's decentralized digital exchange.

 The digital token offered is a private token and is the sole supplier of the Central Bank of Singapore.

 The details of the supplied token are as follows:

This paves the way for digital currency issuers and customers to decentralize exchanges so they can access digital financial markets to meet their financial needs. It also paves the way for the production of other digital tokens. It paves the way for decentralized exchanges and this will become commonplace.

This is just the beginning of a lot of work to be done in the future, said Clifford Lee, chairman of Singapore Central Bank Fixed Income.

 This shifts the money supply from the traditional mode to a digital ecosystem, allowing currency exporters and investors to interact more and develop faster.

It should be noted that the Central Bank of Singapore acknowledged that the country's digital exchange has attracted a lot of public attention since its launch, adding that the amount of capital invested has increased about 10 times since the first week of supply.

Ripple XRP sales grew 97 percent in the first quarter

Ripple XRP sales grew 97 percent in the first quarter

According to the published report, Ripple has increased its XRP sales by 97% in the first quarter of 2021.

The San Francisco-based company sold a total of $ 150.34 million XRP this quarter. Ripple attributes the increase to "deeper engagement" with customers who use XRP for overseas payments:

"Ripple continues to sell as part of providing XRP liquidity to improve the ODL experience for specific customers, eliminate the need for prepayment and enable fast global payments."

In December, the US Securities and Exchange Commission accused Ripple of illegally selling $ 1.3 billion worth of XRP and launched a protracted legal battle.

Bitcoin reaches $ 300,000 in this cycle ,May4

Bitcoin reaches $ 300,000 in this cycle

Leading strategist and trader Michaël van de Poppe has made a big prediction of bitcoin.

In a new video, Van de Pope discusses the ups and downs of the crypto cow cycle and explains why now is a dangerous time to bet on the bear market.

"If you want to bet on a bear market, bet on something that doesn't happen very often. If you do this, you are betting against the general market trend.

I'm pretty sure we're in a bull cycle, and betting on a bear market is really complicated… especially in a market where the US dollar is slowly losing value…

"I think the bet you want to bet on is crypto, and I think the bet is that you want to participate in Altcoins as well."

Van de Pope believes that as the US dollar continues to depreciate and corporate money continues to flow into bitcoin, the bull market will advance, pushing the BTC price to six digits.

"Given the fact that there is more corporate money and more acceptance and more options to buy bitcoins, for example, this week Quinn Base accepted PayPal orders for bitcoins. The higher the trend, the less supply there is," he said. This means that there is currently a high demand that the lower the supply in the market, the higher the price.

You can see that the amount of bitcoin is drastically declining as it enters hardware wallets and investment targets.

Do we get $ 300,000 or $ 500,000 in bitcoin? I think we are coming, because if you look at the value of gold right now, you see that it is around $ 12 trillion. If we count it for bitcoin, we get the price of $ 500,000. So I think the peak of this cycle will be above $ 250,000 and between $ 350,000 and $ 450,000, and I think this cycle will not end by the end of this year. "I guess we will have more significant side courses."

Van de Poop also thinks about where we are now in the beef market, saying that "we are in the bubble.com in 1998 or 1999" and that the crypto market will grow by almost 500% from here.

"The crypto market will see $ 10 trillion in value in this cycle."

Todex Exchange transferred 125 million bitcoins to Kraken Exchange before closing

Todex Exchange transferred 125 million bitcoins to Kraken Exchange before closing

Between August 2020 and February 2021, approximately 5,000 bitcoins valued at approximately $ 125 million at the time of the transaction (and more than $ 280 million at today's prices) The Thodex exchange has been transferred to the American exchange in Kraken.

White Stream, which has a contract with the Israeli Ministry of Defense, said it appeared to be a "cash withdrawal operation" by Todex. In other words, Todex may have stolen bitcoins from its customers before sending them money and sent them to Kraken for recovery.

According to Levy, a set of Bitcoin wallet addresses controlled by Todex, through an intermediary wallet set, sent the bitcoins to the destination address. Most of this money has also been transferred to Cracken.

"The bottom line is that Cracken has received a lot of bitcoins from Todex customers," Levy told the Decree news website.

Asked if there was an honest explanation for this, Levy said: "This volume of transaction can only be justified if Todex conducted all of its financial activities through Kraken. "But that is not the case, and it is very strange."

Turkey last week arrested more than 60 people in connection with the Todex exit scam, confiscated the company's computers and froze the company's bank accounts.

On Thursday, six others were jailed on suspicion of involvement in the scam, including family members of Faruk Fatih Ozer, the exchange's managing director, who fled to Albania shortly before the exchange closed. Turkey has reportedly demanded Ozer's arrest. Ozer claims that the exchange's problems are related to a cyber attack, not a scam.

Miners collect bitcoins in large quantities

Miners collect bitcoins in large quantities

The chart presented by Glassnode shows a sharp increase in the net position change index of miners.

This shows that instead of selling it, BTC miners store their extracted bitcoins in cold wallets for a long time.

The indicator of the net position change indicator of miners becomes greener

The Golsnood chart, shared by Moskov Capital Senior Investment Director, shows that miners are still collecting the world's top digital currency and are not currently thinking of selling it.

This index turned green for the first time this year on February 27, and this was the first time that it turned green since December 27.

Bitcoin prices are improving

Bitcoin is taking back its profits. According to CoinMarketCap, it has now climbed to $ 54,767 after falling to $ 47,000 on Monday.

Bitcoin Mask and Portnoy Talk

Today, Tesla & SpaceX CEO Ilan Musk stood up to Barstol Sports CEO Dave Portnoy and condemned him for holding his bitcoin deposit. Tesla, meanwhile, sold 10 percent of its BTC balance sheet to prove Kevin's liquidity.

Meanwhile, on Monday, Portnoy tweeted that it had bought a bitcoin. Apparently, he has decided not to buy more bitcoins for fear of another sharp fluctuation.

Fundamental analysis of the euro Sunday, April 18

Fundamental analysis of the euro Sunday, April 18

The coming week is very important for euro traders. This week we have the European Central Bank (ECB) interest rate determination meeting and PMI indicators. The European Central Bank is not expected to change its monetary policy (interest rate and purchase plan). However, the views of the head of the European Central Bank are expected to influence the market.

The head of the European Central Bank recently said that expansionary monetary and fiscal policies will continue until the eurozone economy recovers fully. Several European Central Bank officials agree with the central bank governor. However, two European Central Bank officials (Hozmann and Knot) have called for a halt to the asset purchase program in 2021. This means that there is a serious disagreement in the European Central Bank. According to the fundamental analysis, the euro will strengthen sharply if the head of the European Central Bank changes his mind and agrees to a gradual exit from expansionary monetary policy.

At the same time, the speed of vaccination against Corona has slightly increased and the European Union will receive 50 million Pfizer vaccines in the second quarter of 2021. Investment banks Goldman Sachs and ING are also optimistic about the growth of the EURUSD. However, some analysts worry that the recent growth of the euro may have been rapid. According to them, the trend of economic recovery in the euro area is still not in line with the rapid growth of EURUSD. The $ 1.20 resistance is a key and important level for the market and can trigger a bearish correction.

New euro area PMI data will be released at the end of the week, following the European Central Bank's interest rate meeting. The manufacturing, service and hybrid PMI are expected to be lower than the March data. Euro quarantine and coronary restrictions are the cause of this pessimism. But if the eurozone's economic data outperforms market expectations, the euro will strengthen against the dollar.

Economic calendar Monday, April 12

Economic calendar  Monday, April 12

Bitcoin Analysis Thursday, March 25

Bitcoin Analysis Thursday, March 25

Yesterday, Bitcoin was able to reach levels above $ 55,500 and $ 56,000 with the start of a proper recovery process. BTC even crossed the $ 57,000 resistance and the simple moving average of 100 (hourly).

However, the currency failed to continue its uptrend further, and as a result, resumed its downward trend after forming a price ceiling at $ 57,235. In the hourly chart of the BTC / USD pair, a price break is seen below a major uptrend line with support near $ 54,220.

The price of Bitcoin fell even below the support level of $ 54,000 and the pivot level of $ 53,200. Following this downward trend, the weekly price floor formed around the level of $ 51634 and bitcoin entered the consolidation phase. The first resistance is near the level of $ 53,000, which is near the correction level of 23.6% Fibonacci, the downward trend of $ 57,235 to $ 51634.

The first major resistance to this market cryptocurrency is near the $ 53,200 pivot level. If we see the price rise again above the $ 53,200 level, the probability of reaching the $ 54500 level increases. The 50% Fibonacci retracement level is down from $ 57,235 to $ 51634 and close to $ 54500.

If the bitcoin correction trend does not lead to levels above $ 53,200 and $ 545,500, in the short term it is more likely to continue its downward trend. In this case, the first support will be close to the level of $ 51,500.

The first major support is now close to the $ 51,000 level, below which the $ 50,000 support area is likely to be touched. Any further price cuts could lead to a move to the $ 48,000 level.

Technical indicators

The hourly MACD for the BTC / USD pair is slowly accelerating in the downtrend.

The hourly RSI for the BTC / USD pair is now below the 40 level.

Main support: $ 51,000 and $ 50,000

Main resistances: 53200, 54500 and 55000 dollars

EURUSD analysis Tuesday, March 16

EURUSD analysis Tuesday, March 16

The short-term trend of the euro against the US dollar is neutral. From the buyers' point of view, if the EURUSD pair crosses above the $ 1.89 slight resistance, the 55-day moving average at $ 1,2049 will be the next target of the market. A definite break of these levels will mark the end of the correctional movement starting from $ 1,2348 and the EURUSD will be ready to hit the price peak again. However, from the sellers' point of view, the failure of $ 1,1834 will pave the way for the market to correct 38.2% Fibonacci at $ 1,1694.