Day: July 6, 2022

Bitcoin Approaches 2018 Like Drawdown, Why $20,000 Is A Crucial Level

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Bitcoin has been moving sideways around its current levels with no clear direction on lower timeframes. The cryptocurrency has experienced its worst-selling pressure in years but has held firmly around its 2017 all-time high. Related Reading |ย Crypto Trading Volumes In India Sink Due To Heavy Taxation, Whatโ€™s Ahead? At the time of writing, Bitcoin trades at $20,140 with a 4% profit in the last 24 hours. The general sentiment in the market has been turning more positive, as NewsBTC reported yesterday, as the Crypto Fear and Greed Index climbs back…

Bear market delivery! Bitcoiner rejoins DoorDash to buy more BTC

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What did you do in the 2022 bear market, anon? For one Bitcoiner, the opportunity to take on a second job to โ€œstack satsโ€ (buy more Bitcoin (BTC)), was too great. Isaiah, the founder of the Cleveland Bitcoin Meetup, is delivering food to Ohio residents to earn cash on the side. Isaiah told Cointelegraph โ€œI joined DoorDash 2 years ago. But I only recently started doing it again once the price fell into the 20[K]s.โ€ DoorDash is an American food delivery service (similar to Glovo or Deliveroo), where riders pick…

El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022

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Salvadorans living abroad hsent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank. Douglas Rodrรญguez, president of the El Salvador central bank, unpacked the general economic outlook for the country on the local television news program Frente a Frente on Wednesday. A major takeaway was the $52 million of remittances processed by national digital wallet service Chivo through the first five months of the year. This marks a 3.9%, $118 million increase in value when compared to the same period…

BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues โ€“ Market Updates Bitcoin News

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BTC was trading higher on hump day, as bullish momentum picked up as the week progressed. Prices once again tested a key resistance level above $20,000, with ETH also hovering around a ceiling of its own during Wednesdayโ€™s session. Bitcoin Bitcoin was trading in the green for most of Wednesdayโ€™s session, as bullish pressure continued to intensify. Following a low of $19,341.23 on Tuesday, BTC/USD was up by over $1,000 from this point earlier today. Prices rose to a peak of $20,635.47 during the session, surging past the resistance point…

Bitmark Raises $5.6M, Launches Interoperable NFT Wallet

The startupโ€™s dedicated NFT wallet aims to be an interoperable way for NFT aficionados to display their collections. The platform is available on mobile devices as an app, and is currently compatible with Ethereum and Tezos blockchains, though the company plans on adding more integrations in the coming months, according to a representative. Source

The BEST Way to Invest in Cryptocurrency

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ๐Ÿ”ด SIGN UP FOR THE FREE DAILY E-LETTER โžก๏ธ Marc Lichtenfeld, Chief Income Strategist for the Oxford Club, is detecting a great deal of frothiness in the cryptocurrency markets. This could spell disaster for investors who spend their days hunting for the best cryptocurrency investments. But Marc will show you how to invest in crypto the smart way, using everything he learned from the dot com boom and the California Gold Rush. These are Marcโ€™s best blockchain investments for 2022. ๐Ÿ“š101 Ways…

Belgium Regulator Ponders Crypto as a Security

โ€œWhile awaiting a harmonized European approach, the FSMA wishes to provide clarity about when crypto-assets may be considered to be securities, investment instruments or financial instruments and may therefore fall within the scope of the prospectus legislation and/or the MiFID conduct of business rules,โ€ said the regulator. Source

Majority of British crypto owners revealed to be hodlers: Survey

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An average crypto asset holder in Great Britain would be young, male and hodler. And they would consider crypto to be a โ€˜fun investment.โ€™ Such are the findings from the fresh research, conducted by Her Majesty Revenue and Customs (HMRC) with the help of research agency Kantar UK and published on Tuesday.ย  Taking a quantitative approach, the research sought to establish the prevalence of owning crypto assets, the types and amounts held, and the platforms individuals use to buy crypto assets. It consisted of a survey with a representative sample…