Day: June 5, 2020

Crypto Tax Australia 2020 Update – Stimulus Payments, Super Withdrawals & More

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto Tax Australia 2020 Update – Stimulus Payments, Super Withdrawals & More Tax time is approaching in Australia after another volatile year for Bitcoin & Crypto markets. We will discuss how things have changed in the past couple of years in the world of crypto accounting in Australia, as well as recent stimulus payments, job keeper/seeker programs, super early access schemes & Self Managed Super Funds. Letters have also been mailed out recently as part of the new data matching system in…

DeFi Platform Celsius Hits $1 Billion in Cryptocurrency Deposits

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Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as interest rewards to its community of cryptocurrency holders, of which, $12 million were in Bitcoin (BTC) and $3 million in its native CEL token. Thriving through the pandemic The growth of the platform in recent months has been considerable despite the coronavirus pandemic having an adverse effect on…

Bitcoin Mining Difficulty Hasn’t Done This Since 2018 $3K BTC Bottom

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Bitcoin (BTC) is looking like it did at its 2018 bear market bottom — and one fundamental is about to repeat a move which has only happened twice in its history. Analysis of Bitcoin network difficulty following its latest adjustment on June 4 reveals a key similarity to when BTC/USD traded at lows of $3,100. BTC difficulty on course for historic third This week, difficulty adjusted down by 9.3%. That followed a downward shift two weeks previously of -6%. If the next adjustment is also negative — it is currently…

No, Bitcoin Forming a Weekly TD Sequential “9” Doesn’t Kill the Bull Trend

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If you have been trading Bitcoin over the past week, you likely know the emphasis analysts have put on the formation of a TD Sequential “9” on BTC’s weekly chart. One trader suggested just days ago that it was one of four reasons why there’s a “high chance” Bitcoin falls this week. The three other reasons were the formation of hidden bearish divergences, a bearish crossover in the Stochastic RSI, and a “Heikin-Ashis spinning top” suggestive of a trend reversal. But one top technician noted that a TD “9” actually…

No, Bitcoin Forming a Weekly TD Sequential “9” Doesn’t Kill the Bull Trend

boss

If you have been trading Bitcoin over the past week, you likely know the emphasis analysts have put on the formation of a TD Sequential “9” on BTC’s weekly chart. One trader suggested just days ago that it was one of four reasons why there’s a “high chance” Bitcoin falls this week. The three other reasons were the formation of hidden bearish divergences, a bearish crossover in the Stochastic RSI, and a “Heikin-Ashis spinning top” suggestive of a trend reversal. But one top technician noted that a TD “9” actually…

Miami Building Blockchain Ecosystem with FinTech School and Blockchain Center Partnership

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Miami is gearing itself to be one of the primary blockchain destinations in the United States. According to the release shared with Blockchain.News, Blockchain Center, a premier education provider situated in Downtown Miami’s business & district, has collaborated with FinTech School, a San Francisco based company, to provide digital assets, cryptocurrencies, and blockchain education to investors, entrepreneurs, and developers. The urge for decentralization Blockchain technology has set a precedent for shaping the future of industries like global banking and finance. Presently, at least $100 billion have been invested in this…

Bitcoin Analyse: 'Gaat BTC futures gap richting $10.000 vullen?'

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Magazine NL voorziet je van de laatste technische analyses en interviews met key players in de cryptowereld. Dit doen we met verschillende rubrieken: In Koerskijken neemt John van Meer, ook wel bekend als de Bitcoin Consulant, de koers van Bitcoin (BTC) met je door. In de Technische Analyse geeft hij inzichten in de prijs van de grootste cryptomunt en geeft hij jou houvast om te traden. #Bitcoin #deBitcoinConsultant #BitcoinMagazineNL Kijk voor meer informatie over John van Meer en zijn analyses op…

U.S. Stock Rally Gets Supercharged as the World Unites Against China

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Eight major nations have united in a coalition to counter China and its threat against ‘global trade, security and human rights.’ The battle against China is no longer exclusive to the U.S., as American allies unite. The rallying U.S. stock market is likely to boost with the unified stance of Europe’s biggest economies against China. Eight countries led by the U.K. and the members of the European Parliament have formed a unique new coalition to counter China. The unity of American allies reduces the threat of an abrupt stock market…

Ethereum Trading Near Crucial Juncture And 100 SMA Holds The Key

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Ethereum is trading in a tight range above the $240 support against the US Dollar. ETH price likely to accelerate higher above the $245 and $250 resistance levels in the near term. Ethereum is trading above a major support and pivot area at $240. The price is likely to surge if it clears the $245 resistance and the $250 barrier. There is a major contracting triangle forming with resistance near $244 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either rally above the $245 level…

Bitcoin Options See ‘Fast’ Q2 Growth as CME Open Interest Tops $259M

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Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows. According to monitoring resource Skew, the past weeks have seen CME dramatically increase its share of open interest for Bitcoin options.  CME market dominance on the up Open interest refers to the total derivative contract volume, which has not yet been settled. CME had already set all-time highs in early May but has since increased its presence dramatically. As of June 4, open interest stood at…