Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Tuco Benedicto Pacifico]

Swift Ends Cryptocurrency Access to Global Marketplace
https://www.armstrongeconomics.com/world-news/cryptocurrency/swift-ends-cryptocurrency-access-to-global-marketplace/


For real?  Only 100k+ transactions to exchanges are allowed from 1st Feb. ??

No more Bitcoin for the small guy?

Read that, too.
Armstrong didn`t provide any source, which left me kinda sceptical on this particular piece of info.

A quick search did provide some results confirming the issue, though.
Here are the first two search results:

https://cointelegraph.com/news/binance-s-swift-banking-partner-set-to-ban-usd-transfers-below-100k

https://www.analyticsinsight.net/payments-to-swift-have-been-suspended-in-crypto-exchanges/

For now, it seems to be limited to Binance USD-accounts.
So, this is not as universal as you (and I) may take it when reading the headline/blog post.

Hope this is not just the first step, though. 

[ChartBuddy]

Explanation

[Lainta]

JUST IN☢️: America’s first nuclear-powered Bitcoin mining center to open in Pennsylvania - [World Nuclear News]

THIS IS BULLISH 👀

Source: https://twitter.com/SimplyBitcoinTV/status/1617508852827570178?t=RgfxxUHxenEj7DR7_PFD5Q&s=19

[ChartBuddy]

Explanation

[nutildah]

For now, it seems to be limited to Binance USD-accounts.

It applies to whatever exchanges are using Signature Bank as their SWIFT partner, and the move was initiated by the bank and not SWIFT.

So, this is not as universal as you (and I) may take it when reading the headline/blog post.

No, as SWIFT transfers are also handled by other banks. Furthermore:

Only 0.01% of Binance's monthly users are served by Signature Bank.

Apparently Signature Bank had a $50k min. in place since 2016, and exchanges like Binance traditionally pooled user withdrawals together to make this amount. This is probably be what they will do in the future. So, nothing sinister is actually afoot.

I'm not sure when the last time Armstrong was a credible source for... anything, but it was likely over a decade ago.

[Gachapin]

For now, it seems to be limited to Binance USD-accounts.

It applies to whatever exchanges are using Signature Bank as their SWIFT partner, and the move was initiated by the bank and not SWIFT.

So, this is not as universal as you (and I) may take it when reading the headline/blog post.

No, as SWIFT transfers are also handled by other banks. Furthermore:

Only 0.01% of Binance's monthly users are served by Signature Bank.

Apparently Signature Bank had a $50k min. in place since 2016, and exchanges like Binance traditionally pooled user withdrawals together to make this amount. This is probably be what they will do in the future. So, nothing sinister is actually afoot.

I'm not sure when the last time Armstrong was a credible source for... anything, but it was likely over a decade ago.

thanks for digging...

[Gachapin]

haha nice... it's cumming

this is what crypto traders think they're like
https://twitter.com/jomaoppa/status/1487453189829967875

[ChartBuddy]

Explanation

[aesma]

I was hearing on a business radio that 5 million US people won't be back to work because of long COVID.

Couldn't find a source for this, but 4 million is being talked about : https://www.brookings.edu/research/new-data-shows-long-covid-is-keeping-as-many-as-4-million-people-out-of-work/#:~:text=to%20a%20friend-,New%20data%20shows%20long%20Covid%20is%20keeping%20as%20many,million%20people%20out%20of%20work&text=Since%20the%20depths%20of%20the,to%20be%20asking%20is%3A%20Why%3F

And 17 million total (just in the US) have reported having long COVID.

I wonder what people arguing we should have done nothing about the pandemic have to say about that.

[Gachapin]

I was hearing on a business radio that 5 million US people won't be back to work because of long COVID.

Couldn't find a source for this, but 4 million is being talked about : https://www.brookings.edu/research/new-data-shows-long-covid-is-keeping-as-many-as-4-million-people-out-of-work/#:~:text=to%20a%20friend-,New%20data%20shows%20long%20Covid%20is%20keeping%20as%20many,million%20people%20out%20of%20work&text=Since%20the%20depths%20of%20the,to%20be%20asking%20is%3A%20Why%3F

And 17 million total (just in the US) have reported having long COVID.

I wonder what people arguing we should have done nothing about the pandemic have to say about that.

you can get long covid with "vaccination" as well...  

and the "vaccination" can also cause the same symptoms like long covid...


since we know now that the "vaccines" don't stop transmission I'd say go and get yours if you want, but let the others do their thing...

[El duderino_]

[ChartBuddy]

Explanation

[Tuco Benedicto Pacifico]

For now, it seems to be limited to Binance USD-accounts.

It applies to whatever exchanges are using Signature Bank as their SWIFT partner, and the move was initiated by the bank and not SWIFT.

So, this is not as universal as you (and I) may take it when reading the headline/blog post.

No, as SWIFT transfers are also handled by other banks. Furthermore:

Only 0.01% of Binance's monthly users are served by Signature Bank.

Apparently Signature Bank had a $50k min. in place since 2016, and exchanges like Binance traditionally pooled user withdrawals together to make this amount. This is probably be what they will do in the future. So, nothing sinister is actually afoot.

I'm not sure when the last time Armstrong was a credible source for... anything, but it was likely over a decade ago.

All of the points made by you are correct.
Thanks for elaborating.

Armstrong`s headline and post read like "All retail fiat-crypto flows everywhere will end January 31st. This space will be reserved from now on only for millionaires and even higher tiers".
This is what I wanted to find out about.

I agree with your assessment of his credibility.
But you never know.
Broken clock and stuff....

Sometimes, he does cover interesting stories you won`t find on MSM.
But his endless lectures on ancient coins are particularly exhausting.

[shahzadafzal]

Who else can relate?


https://www.reddit.com/r/Bitcoin/comments/10k3bgi/checking_the_bitcoin_price/

[ChartBuddy]

Explanation

[shahzadafzal]

Switch to Bitcoin it’s always up and running!!!



https://twitter.com/grdecter/status/1617900607591034881

[ChartBuddy]

Explanation

[The Real John Titor]

https://rivercitypost.com/aliens-to-arrive-on-earth-soon-and-start-a-war-says-time-traveler-from-2714/

[ChartBuddy]

Explanation

[OgNasty]

Switch to Bitcoin it’s always up and running!!!



https://twitter.com/grdecter/status/1617900607591034881

I keep seeing this headline but haven’t found which stocks were halted yet. Care to list them?

As for Bitcoin, it seems we’ve hit another level where people are willing to sell and accumulation continues. Hardly any correction at all. Either the bull trap is working or we’re in the beginning stages of a long rally. I tend to think it’s the latter.