Few years back when banks and government envy Bitcoin and other cryptocurrencies have we ever thought they would also indulge themselves in the same business?They have realised the potential of Bitcoin and moreover they want profits and it can be matched if they fulfill customer satisfaction.The crypto demand is increasing day by day which why they are providing the crypto services now. Cryptocurrency adoption among the traditional banking industry is spreading rapidly and a Germany based bank Donner & Reuschel is set to make its inception into the crypto business by offering related custody services. Markus Vitt spokesperson of bank issued the statement We have been observing the digital assets market for quite some time and are convinced of the potential of blockchain technology also concerning classic securities transactions.  Bank provide crypto servicesThis is just a kickstart to whole new monetary system which will shift to decentralise finance of payments even through centralized authority of chains. |
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The Indian government is in final stages to present the crypto bill in the parliament and there were rumours that government will impose a complete ban on trading of cryptocurrencies making it criminal offence.But however Finance minister Nirmala Sitaraman has given hints that government is in talks with RBI to regulate the usage of cryptocurrencies in the country.The supreme court has also rejected RBI petition in 2017 to ban the cryptos. The cryptocurrency industry in India is relieved at Union finance minister Nirmala Sitharaman’s comments that the government will take a “calibrated" approach to crypto trading in the country.
The minister said “negotiations and discussions" are going on with the Reserve Bank of India (RBI) on how to regulate cryptocurrency in India. “Obviously, the RBI will take a call on what kind of official currency, cryptocurrency will have to be planned and how it has to be regulated," she said in an interview with CNBC TV18 on Saturday. Hints to regulate crypto in IndiaThis announcement is still not public but just a assumption.So it will be great news if it happens for all the crypto users there.What are your thoughts on this? |
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The price of bitcoin and ethereum has been falling drastically. Will the price of Bitcoin go low to $50000 and there is more chance of ethereum falling low to $1500.
At the time of writing, the price was above $50k and now it has fallen low to $49000 and has recovered reaching above $50000 within minutes.
The ethereum price has come closer to $1500, and soon we can expect the price go low to $1500.
Is the market has turned bearish, or it is just the regular price correction.
The sharp price drop came after Elon Musk the market manipulator,tweets that the Bitcoin prices are somewhere excessive and prices start to moving downwards trend with 6-7% fall.They went from $57k to $54k at this time.The only reason for this statement by Musk was price dips so that Tesla and he himself could invest more at the dips and gain huge profits when the prices will rise eventually after another billion dollars investment in Bitcoin.He is playing mind games and you should also took advantage of it and invest in Bitcoin as they will rise to most probably $60-$70k this year and you can gain huge margin similar to Tesla $750 million profit within a month.So what are you waiting for?This is just a normal so don't judge it's potential and growth opportunities to be part of 1% of world population to be part of financial revolution of digital era. |
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I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.
When trading in btc there are ups and down and we all losse at some point but we do not regret about it later on because the prices will keep on rising with little corrections in the market.And this sudden pump in btc prices came after Tesla $1.5 billion worth of manipulative investment in btc which surged the prices above $46k at current. You are still lucky that are trading in btc when the prices are reaching ATH and we can get enough profits even after suffering small loss which are part of crypto market.But can you feel the pain of early investors who have sold out their coins at such low prices in 2011-2015 period when prices were low to as $1-$10.  He might also be regretting his decision at this time even when he was having the same feeling in 2011 also.So it's about our luck or say our future perception how we deal with them.So don't regret at all but just know one thing btc will keep on rising every year and increasing your net worth if you HODL your coins until that time. |
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A US based charity came up with the idea of creating a logo of bitcoin Superhero which is named as "Billy Bitcoin" to help boost it's fundraising profile.The Songs of Love Foundation, which became one of the first national children’s charity to accept cryptocurrency donations in 2013, is a nonprofit that creates personalized songs to uplift children facing tough medical conditions or emotional challenges. This is the logo:  image uploaderLaunched Friday, the “Billy Bitcoin” superhero is part of the charity’s efforts to increase donations through cryptocurrency, which it said is “even more efficient than donating cash,” on its website. You can get tax rebates of upto 30% on donations in United States which means you can contribute towards good cause and still gets rebate on your taxable incomes.Moreover it's great idea to spread awareness among masses by promoting crypto donations and creating Bitcoin logo. This report was submitted by NasdaqIsn't it great idea? |
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One of the great advocate of Bitcoin and CEO of social media platform Twitter and founder of Square, Jack Dorsey is now officially running his own Bitcoin node on the blockchain network as tweeted by him.He has previously promoted the growth of Bitcoin by launching #bitcoin for the users and allowing users to buy Bitcoin through his cash app.He is one who strongly believes in Bitcoin and always happy to admire the efforts of other in progressive way but now this time he has setup his own node which means he will validate transactions and add them in the block and mining btc as rewards using his node.He tweeted this on Friday:  upload photos online freeThe article further provides the detail for the same: CoindeskThe global leaders who knows its importance are standing in favour of it and utililizing it's benefits.Jack Dorsey has involved himself at the time when mining has become difficult and costly as you need more hashing power and electricity to solve the cryptographic puzzle faster than other networks even if the rewards have been reduced to 6.25 btc per block mined.The only reason is you will still have good amount left with you when the prices will skyrocket in the future and you will ignore mining cost at that time.So isn't it interesting for you? |
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As the world is now witnessing the rise of Bitcoin in both terms growth and price many big institutions and government are recognising the need of Bitcoin and other cryptocurrencies in their system.The Miami mayor Francis Suarez said that Miami city employees could soon choose to get paid in Bitcoin rather than in USD as salary because he wants to expand the Bitcoin adoption throughout the city. Crypto enthusiast and experts like CEO of twitter Jack Dorsey are calling it a smart move as they what impact it will have on growth of Miami city:  The persons, institutions, governments with wide prespective who know what financial payment system will work in future are already making rules and regulations to adopt Bitcoin and cryptocurrencies along with blockchain technology to stay ahead in future with economic becoming strong of nation. CointelegraphWhat are your thoughts about this? |
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Will it seriously reduce the number of illicit and fraudulent practices if government imposed ban on them?If so they should also submit clear reports of decreasing number of frauds after such crypto bans.The government previously imposed restrictions under which it states btc and other cryptocurrencies not legal tender after the Reserve Bank of India bans all crytpo-related transaction and Zebpay and other exchanges have to shut down their business but after that supreme court contradicts that and give permission for trading.The government was in terms for framing rule and regulations but what brought a sudden change to that statements?The government is actually not clear of its intentions himself and floating on two boats and their so called so called expert panel did not want to decentralise the power of rupees and that's why suggesting for such bans.But it will have short term price dips in the market and afterwards they will rise but the Indian economy will not move with pace as compared to other countries.They are demotivating the crypto industry there which is main targets for government because who is paying taxes for dealing in drugs or any other illicit activity so they will continue to do their business but white money makers will be affected the most with this decision which in turn will lead to governments tax revenue in crores which they could use for better economical growth of the country. |
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I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
It's a correction period so do not compared them with the bearish trend of the market because we are still trading at $35k above so which means bears have manipulated the market at this price levels?We have already left the bearish market trend in the past year when they were struggling to rise above the $15-$17k and they have gained enough in that time but now it's time for bull run and from now on we will see price surge in the market and $45000 soon will hit the graphs so don't be drastic about its growth and let bearish market to manipulate the emotional feelings of individuals. |
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Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?
A currency which was built as a joke then growed into a community and now it's all around the gossips because the prices have grown more than 700% which is quite shocking.But this came shortly after the tweets of Musk and then people started pumping their funds from other coins and shifted the momentum towards Dogecoin rally.Thats what happened when you have millions of active followers who blindly trust whatever you told them which is why Musk is exercising such market manipulation techniques to rise the prices for his own benefit as he is one of the potential investors. |
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Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.
For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?
See if you are looking for alternative for btc and Ethereum and don't want to get into deeper research than I would suggest you invest In stablecoins as demand for them is risng day by day.When other cryptos are struggling to rise the stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today.Market valuation of eight different stablecoins combined is well over $7 billion.  free image hostingThey provide more liquidity in the market and are easy to sell and its good alternative if you want to shift to some good and potential coins in case but stay focused more on btc and ETH as prices will tend to rise shortly and profits will land in your bucket at that time. |
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