CNBC Crypto Trader: BITCOIN IS WILDLY UNDERVALUED BUT THE BRUTAL 'DEATH CROSS' FUD & CHINA BAN ARE HERE- BE PREPARED!
- Monday, 21 June 2021 11:42
BITCOIN IS UNDERVALUED BASED ON ONCHAIN METRICS BUT WE ARE FIGHTING BATTLES ON MULTIPLE FRONTS. STOCK MARKETS ARE CRASHING AND CHINA IS TIGHTENING ITS BAN ON CRYPTO. TODAY WE SHOW YOU HOW TO PREPARE AND BE PROFITABLE IN ANY SITUATIONS. FREE CRYPTO EDUCATION daily! Banter Twitter Channels: Crypto Banter (Twitter): @crypto_banter Ran NeuNer (Twitter): @Cryptomanran Sheldon (Twitter): @Sheldon_sniper Fred (Twitter): @Freds_Head --------------------------------------------------- Crypto Banter is a live streaming channel that brings you the hottest crypto news, market updates and fundamentals of the world of digital assets – “straight out of the bull’s mouth”!! Join the fastest growing crypto community to get notified on the most profitable trades and latest market news! LATEST AND EXCLUSIVE Crypto Banter Project Reports Download Link: https://mailchi.mp/cryptobanter/h0cwt... ? Join our community on https://t.me/cryptobantergroup for daily updates!! ? ? Announcement Channel - https://t.me/cryptobanterannouncement ? ? Banter Discord Channel - https://discord.gg/fhpKtEygeP ? ? Instagram Page - https://www.instagram.com/crypto_banter/ ? ----------------------------------------------------- *BEWARE OF SCAMMERS IN OUR COMMENTS AND COMMUNITY CHANNELS*
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Chapter 14 of the book The Blocksize War is published below. The full book is available on Amazon. As a reminder, 50% of any profits from physical book sales will be donated to Médecins Sans Frontières, a charity that provides medical assistance to people affected by conflict, epidemics, disasters, or exclusion from healthcare.* * Note: […]
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Liquidations on the crypto market almost reached $1 billion? The last day has been extremely unsuccessful for trading in the crypto market, and the total liquidation volume has reached almost $1 billion. After the new FUD came from China, some traders began to dump their assets at an enviable speed. As a result, BTC dropped below the $32,000 mark on Binance, and Ethereum joined it, reaching below $2,000. History repeated itself again. As soon as China began to take new restrictive measures against all digital currencies, the main cryptocurrency on the market became very sick. Along with it, the altcoin market began to fall, many of which reached a two-week low. Against this background, the market capitalization lost over $120B in just a couple of hours. Those traders who used leverage felt particular pain from the fall in rates, since now they have to wait until the best time to at least compensate for what they have already lost, if they have not gone into negative at all. According to Bybt, the total liquidation of digital currencies per day increased to almost 1 billion, of which about 50% fell on transactions involving Bitcoin. At the same time, the largest liquidation among altcoins was in EOS tokens. One of the traders shared his sadness on social networks, saying that due to the fall in the EOS rate by 15% in a day, he lost more than $6M on the Huobi crypto exchange. Meanwhile, members of the crypto community are still wondering if China's measures are just an attempt to “knock down” the value of a new asset class on a global scale, expecting a quick return of the positive trend. Subscribe to our Telegram, Twitter and Facebook to be the first to know the news of cryptocurrencies! This review is not an advertisement or a recommendation to action, but merely an informational one. The publisher and the author are not responsible for your decisions.
On June 1st, we held an insightful webinar with several crypto China experts including Omer Ozden, CEO of RockTree Capital, Alex Thorn…Continue reading on Quantum Economics »
The price of the Shiba Inu token has been falling in recent weeks, but recently, thanks to the listing on Coinbase Pro, it has bounced back a bit The post Shiba Inu: price back to month-old levels appeared first on The Cryptonomist.
In a further show of its anti-crypto stance, The People’s Bank of China PBoC, issued a statement today, saying that after a meeting with domestic banks and other financial providers, it has promulgated that all funding channels for crypto OTC desks should be severed. The recent meeting of banks and mobile service providers, summoned by the PBoC, was to look at the speculative trading activities around crypto. Among the banks present at the meeting were: the Industrial and Commercial Bank of China (ICBC), the Agricultural Bank of China (ABC), the Construction Bank of China (CBC), Postal Savings Bank of China, the Industrial Bank, and the mobile payments app AliPay. The PBoC stated that the speculative trading of crypto assets was detrimental to the equilibrium of the Chinese financial system. This was believed to cause capital outflow across the border as well as to be a risk of money laundering. According to the PBoC statement: “All banks and payment institutions must strictly implement the "Notice on Preventing Bitcoin Risks" and "Announcement on Preventing Token Issuance Financing Risks" and other regulatory requirements,” The statement also sought to make the ban on crypto trading complete by saying that banks: “must analyze the capital transaction characteristics of virtual currency trading hype activities, increase technical input, improve abnormal transaction monitoring models, and ensure that Improve monitoring and identification capabilities; improve internal working mechanisms, clarify the division of labor, compact responsibilities, and ensure that relevant monitoring and handling measures are implemented.” Not long after the PBoC statement was released, several of the financial institutions released their own notices, reiterating the central bank’s statement and saying that any customers transacted in crypto currencies would have their accounts terminated and would be reported to the authorities. Since the PBoC had originally banned ICOs and fiat on-ramp channels back in 2017, Chinese investors looking to buy crypto had circumvented the ban by using OTC merchants. Another big anti crypto move by the Chinese authorities has led to regional government issuing orders to cut off electricity to bitcoin mining facilities in their areas. The total Bitcoin network hash rate has declined 30% as a result of these moves, and some Chinese miners are looking to relocate overseas. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
ZyCrypto: Bitcoin Proponents Clamoring For Satoshi Nakamoto To Be Awarded The Nobel Prize In Economics
The pseudonymous founder of Bitcoin, Satoshi Nakamoto remains a vital name in the cryptocurrency market. Having been the first person to employ Blockchains for the creation of digital currencies, Nakamoto is highly responsible for what we know the cryptocurrency market to be today. He can also be credited in part, for what Ethereum has become, […]
Bank of America Corporation said that oil may surge to reach $100 per barrel in the coming year as travel demand rebounds significantly. That is now the strongest call yet among the major predictions for a return to the triple digits. Global oil consumption is expected to continue outpacing supply next year as the economic […]