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Trading signals and online forecasts Bitcoin/USD

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The crypto market has reached the "bottom" and is ready for growth - JPMorgan
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Coinbase, stock, The crypto market has reached the \ Bitcoin jumped after the release of weak US inflation data.The crypto market has reached the bottom and is ready for growth, according to JPMorgan. A large German crypto bank has declared insolvency.The Coinbase crypto exchange recorded losses twice as high as forecasts. Hackers withdrew more than $500,000 from the Curve Finance protocol through a phishing site.Bitcoin rose 3.3% on Wednesday, ending the day at about $23,900. BTC jumped along with stock indexes after the release of weak US inflation data. A decrease in inflation may weaken the pace of the Fed's aggressive rate hike, which is favorable for cryptocurrencies and all risky assets.The crypto market has reached the bottom and is ready for growth, according to JPMorgan. The negative effect of the collapse of Terra has been overcome, and the future transition of the Ethereum network to PoS will have a beneficial effect on cryptocurrencies.In July, public mining companies sold 5768 BTC with a total production of 3478 BTC, Hashrate Index experts calculated. In the United States, two mining companies announced the expansion of capacities aimed at bitcoin mining.German cryptocurrency bank Nuri (formerly Bitwala) with a client base of more than 500,000 people, announced its insolvency due to the collapse of the crypto market and the bankruptcy of a number of crypto companies. Clients' funds are safe, Nuri assured.The American crypto exchange Coinbase reported losses for the second quarter in the amount of $1.1 billion, which doubled the forecasts. The largest loss since the listing was caused by the "hard" fall of the crypto market.The developers of the DeFi Curve Finance protocol reported a phishing attack, as a result of which users lost more than half a million US dollars in cryptocurrencies.The widespread introduction of crypto assets in the metaverse may pose a systemic risk to financial stability and will require reliable consumer protection, according to the Bank of ...
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Forex forecast. The condition for a Bitcoin rally
Bitcoin/USD, cryptocurrency, Forex forecast. The condition for a Bitcoin rally Bitcoin resumed its decline on Thursday, the difficulty of mining BTC increased for the first time in the last two months.Ark Invest has named a condition for a bitcoin rally. Mastercard considers cryptocurrencies as an asset class.Bitcoin declined 3.5% on Thursday, ending the day at about $22,500. BTC resumed its decline amid the suspension of the growth of stock indices.Bitcoin can show a rally over the next 12 months if it stays above the 200-week moving average (200-WMA), according to Ark Invest investment company. BTC has broken 200-WMA only 7 times in history. At the moment, the 200-WMA is around $22,800.The annual return on the asset after the recovery from 200-WMA averaged about 240%. At the same time, Ark Invest admits that if the correction turns out to be as serious as in 2018, bitcoin may fall much below current levels.The complexity of bitcoin mining as a result of the next recalculation increased by 1.74% — for the first time in the last two months.In one of the largest payment systems in the world, Mastercard considers cryptocurrencies more as an asset class than a means of payment, due to their volatility. The Central Bank's stablecoins and digital currencies have much more chances to occupy this niche.FTX CEO Sam Bankman-Fried praised the bill submitted to the US Congress, which gives the authority to regulate the crypto market — the Commission on Futures Exchange Trading (CFTC).According to Peckshield, hackers withdrew $4.8 million from the ZB decentralized crypto exchange, which claimed to be the most secure in the world.Chinese banks are gradually moving to the registration and issuance of loans to individuals and industrial enterprises in the state digital ...
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Bitcoin (BTC) should cost $40,000
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Shiba Inu, cryptocurrency, Solana, cryptocurrency, Bitcoin (BTC) should cost $40,000 Bitcoin interrupted the decline after several days of correction.BTC should be worth $40,000, the founder of SkyBridge Capital is sure.The iconic figure of the crypto industry, Michael Saylor, resigns as CEO of MicroStrategy.Solana users have lost over $8 million due to the hacking of crypto wallets.The Shiba Inu token celebrated its two-year anniversary with the release of a new mobile game.Bitcoin rose by 1.4% on Wednesday, ending the day at about $23,300. BTC strengthened after several days of correction amid the growing dynamics of stock indices.Anthony Scaramucci, founder of the SkyBridge Capital crypto fund, believes that BTC and ETH are fundamentally undervalued and technically oversold. In his opinion, bitcoin should cost $40,000, and Ethereum - $2,800.The ECB believes that national digital currencies (CBDC) will displace bitcoin and other cryptocurrencies because they have a higher potential.Online broker Robinhood announced a staff reduction of 23% amid the collapse of the crypto market. This week Robinhood published a negative financial report for the second quarter. The authorities of New York fined the crypto platform $30 million for failure to comply with measures to combat money laundering and maintain cybersecurity.Solana users have lost over $8 million due to blockchain vulnerabilities. Hackers have hacked about 8000 crypto wallets based on SOL. The largest crypto exchanges have announced that they will strengthen the security of users after the Solana hack.The developers of Shiba Inu have announced the development of a new mobile game called Shiba Eternity. On August 2, the SHIB token turned 2 years old.The largest Russian palladium producer, Norilsk Nickel, is testing its own tokens to fulfill credit obligations to the supplier, the Sever Group of ...
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Forex forecast. When will Bitcoin start to grow?
Bitcoin/USD, cryptocurrency, Forex forecast. When will Bitcoin start to grow? Bitcoin is moderately correcting after a bullish July. The capitalization of the USDT stablecoin began to grow for the first time in three months.Bank of America points to bullish signals for BTC. Bitcoin has set its sights on the $27,000 mark, according to Arcane Research.Glassnode doubts the continuation of the BTC rally. Bitcoin will enter a new phase of growth only in 2024, Morgan Creek believes.Bitcoin declined by 0.5% on Tuesday, ending the day at about $23,000 amid a correction in stock indices.If BTC holds the level of $20,700, it may soon be in the range of $27,000-$28,000, Arcane Research believes.The increased outflow of cryptocurrencies from exchanges and the growth of net inflows into stablecoins signal a bullish market momentum, according to Bank of America.The capitalization of the USDT stablecoin has started to grow for the first time in three months, which may indicate consolidation and further growth of cryptocurrencies. Since the beginning of May, the indicator has decreased by 21%.The AASI on-chain indicator indicates a likely correction of bitcoin, since the price of BTC has recently grown faster than the number of active addresses. On the other hand, the long-term MVRV Z-Score indicator has crossed the upper boundary of the deep oversold zone, which signals the likely passage of the "bottom" of the market cycle.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesMeanwhile, Glassnode doubted the continuation of bitcoin's recovery rally, referring to the fact that the data of on-chain indicators have not improved fundamentally in recent days. Thus, the number of active bitcoin addresses remains within the downtrend channel. Network activity remains subdued, which indicates a small influx of new ...
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Articles about financial markets

You can pay with cryptocurrency: which companies accept crypto in 2022
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Visa, stock, MasterCard, stock, Coca-Cola, stock, PayPal, stock, Shopify, stock, You can pay with cryptocurrency: which companies accept crypto in 2022 The governor of the Bank of England, Andrew Bailey, said that bitcoin is impractical as a means of payment. While cryptocurrencies are not being calculated massively. But today, large companies not only use blockchain, but also accept crypto as payment:Coca-Cola. In 2020, the corporation's Asia-Pacific division announced that it would allow customers in Australia and New Zealand to buy drinks with bitcoin and other coins. Payment is available through devices that accept digital payments.PayPal is the first payment system to add cryptocurrency for transactions. The company acts as an intermediary: the service will exchange cryptocurrency for ordinary dollars at the internal exchange rate, which already includes the cost of conversion.Visa and Mastercard, following PayPal, thought about the possibility of conducting transactions with cryptocurrencies. The systems focus on stablecoins, which have collateral in the form of real assets.Shopify is a platform for creating online stores. Thanks to the developers, the owners of these stores can accept cryptocurrency.Emirates. The airline from the UAE intends to accept bitcoins as payment. Moreover, Emirates will add its own NFT tokens to the site. This is not the first airline operating with cryptocurrencies. Latvian airBaltic has been selling tickets for the crypt for several years.Balenciaga, Gucci, Tag Heuer are also starting to accept cryptocurrency. Moreover, the new payment method will be available not only online, but also in regular stores using QR codes. And the first major retailer that started accepting the crypt was Overstock.Brazilian developer Gafisa announced that now an apartment can be bought for bitcoins. So the company wants to attract investors from other countries, and the cryptocurrency helps to transfer funds quickly and ...
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Madeira "accepts" Bitcoin. What does this mean for the archipelago and the crypto industry?
Bitcoin/USD, cryptocurrency, Madeira \ Speaking at the Bitcoin 2022 conference in Miami, the president of the autonomous region of Madeira, Miguel Albuquerque, made several ambitious statements about the prospects of Bitcoin on the islands."I believe in the future and I believe in Bitcoin," Albuquerque said.He recalled that de facto, Bitcoin is already a legal means of payment on the island, since individuals in Madeira are not subject to capital gains tax when buying and selling bitcoins.The regional corporate tax rate on business on the islands is only 5% — one of the lowest in Europe, which is extremely beneficial for cryptocurrency startups.The President also met with MicroStrategy CEO Michael Taylor. He recommended that he "focus on Bitcoin. Everything else is garbage."Madeira is part of Portugal, which attracts crypto enthusiasts with its zero interest rates on cryptocurrency ...
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Cryptocurrency is allowed in Cuba. Will it save from an eternal crisis?
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Cryptocurrency is allowed in Cuba. Will it save from an eternal crisis? On May 16, the Central Bank of Cuba will begin issuing licenses for the use of cryptocurrencies in economic activities. The authorities are going to allow the cryptocurrency because of the consequences of the coronacrisis and US sanctions, which have been destroying the country's economy for 60 years.Cuba is a "passing prize"The first settlements on the island were founded by Spanish colonists in the early 16th century and ruled for almost three centuries. Then the metropolis brought African slaves and began to use the land for sugar cane and tobacco – the "oil" of that time.Cuba received relative freedom only at the end of the 19th century after an uprising of local residents and a long war for independence. Spain lost its influence in the Caribbean region, and the United States took its place. Nominally, the United States developed the economy and industry of Cuba, investing hundreds of millions, and then billions of dollars. In fact, they used it as a semi-colony: troops could enter at any moment, local authorities and production controlled it.Before World War I, about 90% of Cuba's exports were tobacco and sugar. Most of the agricultural territories were given over to them. Products for domestic consumption had to be imported – there were not enough of their own. At the same time, companies from the United States received privileges and imported goods to Cuba without duties.The country's economy suffered severely during the First and Second World Wars: first, the flow of goods from Europe stopped, then pro-American officials banned exports from the Soviet Union. As a result of the crisis, the poor could not get vital things, and the elite lived in comfort and luxury.In 1940, President Fulgencio Batista came to power – later he would be called a puppet of the United States. Under Batista, the capital of Cuba, Havana, became the "Latin American Las Vegas." The business was controlled by American monopolies and mafia clans. Businessmen from the United States owned 90% of the mining industry, 80% of utilities and fuel companies and half of sugar production. Batista received millions in bribes, and America turned a blind eye to numerous crimes: from the organization of brothels to drug and human trafficking.13 years later, a group of revolutionaries led by Fidel Castro rebelled against Batista. Impoverished and intimidated by the authorities, people joined the fight against tyranny. Castro promised to distribute land to peasants, ensure independence from the United States and improve the financial situation of Cubans. The resistance has been active for almost six years. A guerrilla war has begun in Cuba. By 1959, Castro's forces were able to capture the capital, and Batista lost control of the state and fled to the Dominican Republic. At the same time, the former dictator took most of the gold and foreign exchange reserves of the Central Bank of Cuba."Friendship against the USA"The Castro government reformed the economy and nationalized most of the companies owned by Batista supporters. 60% of agricultural land was transferred to peasants, the rest went to the state. The authorities began to control the turnover of currencies and trade. Residents of the United States were forced to pay 100% tax on luxury goods and 25% on minerals.In response, the U.S. government stopped importing oil to Cuba and reduced the sugar trade. An economic war has begun between the countries. Castro continued to nationalize American companies, and the United States imposed an embargo: they stopped trading with the Island of Freedom, and any country that provided assistance to Cuba fell under sanctions.The USSR took advantage of the situation. The Soviets gave the Castro government $100 million in loans at 2.5% per annum. Specialists in geological exploration, builders and the military were brought to Cuba. The USSR provided the new ally with equipment, weapons and agricultural products, and in return received sugar, coffee, minerals and representation in the Caribbean. During the period of active trade with the Union, Cuba's economy grew. In the 80s, the country began to build solar and wind power plants, recycle recyclables. Over 20 years of cooperation, Cuba has turned into an industrial and agrarian power. But its economy continued to depend on its "curse" – cane sugar.At the same time, the United States declared Cuba a "sponsor of terrorism" and tightened the embargo again. However, by this time the diplomats were able to establish trade with Latin American countries. Uruguay, Argentina and Venezuela became new partners."Island of freedom" without UnionCuba's economy began to collapse after 1991. Despite diplomatic ties with Latin American and Caribbean countries, the country was dependent on the Soviet Union and still suffered from US sanctions. When the USSR collapsed, the Castro government had to switch to economy mode: there was nowhere to bring equipment and cheap oil in exchange for local goods. The sugar industry became the basis of the economy again, but tourism began to develop in Cuba in parallel.The United States has adopted additional sanctions. Now foreign companies trading with the "disgraced" country were threatened with restrictions. In Cuba, there was a shortage of food and medicines, interruptions in the supply of fuel and spare parts for equipment. GDP began to decrease. During the three years of the crisis, it has decreased by a third. To compensate for the losses, Cuba was looking for foreign partners and investments. Three free economic zones were organized on the island and part of the trade bans were lifted. The government began to create a socialist economy with elements of market relations. State-owned enterprises have introduced self-financing.The first effect of the reforms in Cuba was felt in 2001. Up to this point, the country's economy was shrinking by an average of 3-7% per year, and after that it began to grow. The country has reduced the state monopoly on foreign trade and began to recognize cooperative, private and mixed forms of ownership. After 2010, the government allowed local entrepreneurs to work and introduced a progressive taxation system. Cuba began to actively trade with countries that were less dependent on America. In particular, Venezuelan President Hugo Chavez supplied up to 53,000 barrels of oil to the island daily, in response Cuba sent teachers, doctors and engineers to the new partner. By 2013, about 100,000 Cubans were working in Venezuela. One of the important sectors for the economy has become "medical internationalism". Local doctors started working all over the world.Hurricanes, COVID and new sanctionsCuba still continues to suffer because of the US blockade. The damage has already exceeded $104 billion. And taking into account the depreciation of the US currency — up to $ 1 trillion. After America imposed sanctions against Venezuela, Cuba's main partner began to have serious problems. They were reflected, among other things, on the Cubans. If earlier it was profitable to work in an oil-rich country, then after the Venezuelan crisis, this market almost closed. In addition, interruptions in oil supplies began.The country's economy was also affected by Hurricanes Dennis and Wilma in 2005, Gustav and Ike in 2008, Sandy in 2012. Each of them disabled infrastructure facilities, destroyed buildings and destroyed crops. The military had to deal with the consequences of natural disasters.Another serious blow was the coronavirus pandemic. Many medical professionals were working abroad when COVID was discovered in Cuba. And local doctors lacked medical equipment: there were many elderly people living in the country who were at risk. Officially, the country has coped with the crisis: it was able to introduce an effective system of protection against coronavirus, developed its own vaccines and started immunization. More than 5 million Cubans have been vaccinated against COVID-19. At the same time, the Cuban economy was in a precarious position: the flow of tourists dried up, and investment declined.Dinner for two for a month's salaryNow the "Island of Freedom" has a single currency – the Cuban peso (CUP). $1 = 23.98 CUP or 70-100 CUP at the "street rate". The authorities ask tourists to exchange American currency for euros in advance – banks do not accept and do not exchange USD.The average salary in Cuba for the last 4 years is about $33-45. At the same time:a kilogram of vegetables, a large loaf of bread or a bottle of water cost $0.5;a dozen eggs – $0.7;a liter of gasoline – $1;payment for communal services – $5-10;unlimited internet – more than $100 per month;dinner for two in a restaurant for tourists – up to $25;economy class car rental - $20;1 sq.m. of housing – from $1,500 to $5,000, in tourist areas – higher.Tourists and journalists who have visited Cuba note that it has become unprofitable to work in local industries. Most people live at the expense of relatives who have gone to work in other countries. It is enough to send $50-100 per month to provide for the family.Cubans themselves believe that the authorities have begun to resemble the "puppet government" of Batista. On the islands, "two parallel Cubes" coexist again: elites and Latin American businessmen live in luxury, and ordinary people are forced to live in shacks or sit on the necks of those who left the "Island of ...
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Six Benefits of Betting on Sports Using Bitcoin
Bitcoin/USD, cryptocurrency, Six Benefits of Betting on Sports Using Bitcoin Sports betting is already one of the most significant parts of online gambling, with many countries legalizing it. Nowadays, many sports betting sites provide players with different events to bet on, such as betting on March Madness, the Super Bowl, the UCL final, etc. Undoubtedly, online sportsbooks have made it easy to start placing bets on sports, but with the introduction of cryptocurrency and bitcoin, betting on sports online has become even better. So, here are six benefits you will enjoy when you participate in sports betting using Bitcoin.Improved SecurityWhen you bet using Bitcoin, you can rest assured that your money is secure and every transaction is safe. Since you do not have to use your bank details or card, you do not have to fear that your financial details will get into the wrong hands. Also, since Bitcoin is built on the blockchain, every transaction is saved, and you can always keep track of your payment. In addition, the blockchain is built with complex algorithms and high-end security techniques making it hard for hackers to get into the system. Betting AnonymouslyAnother benefit of using bitcoin is that you can do so anonymously. The blockchain network lets you send and receive money without sharing your personal information. So, if you want, you can find a fully decentralized sports betting site to join, connect your crypto wallet, and you are good to go. You do not need to provide a name, address, or other information. Once the sports betting site receives your money, you can start betting with your bankroll. Higher Deposit & Withdrawal Limits With bitcoin, you will enjoy a bigger limit. In most cases, sports betting sites have a maximum amount limit that you can deposit or withdraw. But the limit is almost non-existent with bitcoin. You can deposit as high as 5BTC at some crypto-enable sports betting sites. That way, if you are a high roller, you might want to try playing with bitcoin so that you can bet with larger amounts and, if you are lucky enough, withdraw massive amounts without hassle. Little to No Transaction FeesSome sports betting sites require you to pay transaction fees whenever you want to deposit or withdraw. However, most crypto-enabled sports betting sites do not require any transaction fee. You can deposit and withdraw as much as you like without having to pay a dime. That way, you can process large sums in a short time, and you would not lose much to transaction fees and the like.    Instant TransactionAnother top benefit of using bitcoin to bet on sports is that the transactions are done instantly. Once you complete the process and enter the correct information, the money will arrive at the intended destination in no time. Unlike fiat transaction that still needs to go through central processing, bitcoin transactions are not subjected to any reviews, and once the money is sent, it is irreversible. Compared to traditional payment options, when you withdraw with bitcoin, you can expect to get your funds within 24 hours. For deposits, within minutes, your account will be fully funded. Bigger BonusesSports betting sites with crypto options offer players more extensive and better bonuses. These bonus offers have changed the way we view the online gambling scene, as the limits are almost non-existent compared to the traditional bonuses we used to get. Moreover, players can now claim the bonuses with a higher deposit limit. So, if it is a match deposit offer, the bonus cash on offer would be more massive than the standard ones. For instance, you can get a 100% match deposit bonus of up to 5BTC, making it over $100,000 in bonus funds. Final NoteBetting with bitcoin is the future of online sports betting, and as crypto is continuously making waves globally, we expect to see more adaptation. As a result, you should start your journey to trying sports betting with bitcoin. If you are lucky enough, you can win big, increasing your bitcoin holdings and, in addition, reducing the risk that comes with the technology. Note that bitcoin is very volatile. If you are not fully aware of how it works, ensure that you learn about the technology before using it to ...
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