IOTA/Ethereum Trading forecasts and signals

Bitcoin jumped on Thursday by three thousand dollars in a few hours, above $41,000 - on the news that Coinbase will allow you to directly buy cryptocurrency through Apple Pay.Ethereum exceeded two-month highs by $2,800 after the news of the successful London hard fork.The American crypto exchange Coinbase on Thursday announced the expansion of the payment capabilities of its users. From now on, Coinbase customers can top up their accounts directly through Apple Pay.Previously, this option was available only to owners of their own Coinbase card when adding it to the Apple wallet.Read more: The history of the Coinbase exchange "If you already have a Visa or Mastercard debit card linked to Apple Wallet, Apple Pay will automatically appear as a payment method when buying cryptocurrency through Coinbase on an Apple Pay-enabled iOS device or in the Safari web browser," Coinbase said.In addition, Google Pay users will have the same opportunity in the fall.The planned update of London on the Ethereum network took place on Thursday, August 5 at 15:33 GMT on the block 12,965,000. After its activation, the network burns an average of 4.2 ETH (more than $10,500) every minute.Ethereum will become a "next-generation economy" and will be much more than a "narrow monetary system," said Joseph Lubin, head of ConsenSys and co-founder of the second largest cryptocurrency by capitalization.According to him, the Ethereum ecosystem, which he compared to the Internet, already surpasses bitcoin in many ways. Lubin noted that the London hard fork is an important milestone in the transition to ETH 2.0. He confirmed the words of Vitalik Buterin that the second version of the network will be 1000 times more environmentally friendly than the current ...

The US Federal Reserve System (FRS) begins to pursue the cryptocurrency industry after the end of the preparatory stage, said Caitlin Long, founder of Avanti crypto bank.Bitcoin fell on Tuesday to five-day lows of about $32,200 after the release of data on record inflation in the United States since 2008. Rising prices may lead to a tightening of the Fed's monetary policy, which is negative for all assets, including cryptocurrencies.Meanwhile, the CEO of Avanti announced the "beginning of the persecution" of the cryptocurrency industry by American regulators.According to Long, the Fed intends to complicate access to the payment system and bank accounts - related to crypto assets to companies."It seems that the repression has begun. I do not know how it will end, but it will not directly affect Bitcoin and other cryptocurrencies. This will affect intermediaries and access points to US dollars, " she explained.According to Long, an important event for the industry took place on July 13 - the period of collecting public opinions on the Fed's proposed guidelines for evaluating requests for access to bank accounts and the payment system ended.The document was submitted in early May and defines the principles on the basis of which the Fed will evaluate requests for access to its services.Because of this document, there is a risk of a repeat of the situation in 2017, when cryptocurrency startups massively lost bank accounts, the CEO of Avanti believes. The risk of termination of servicing the industry by banks was mentioned earlier by the Coinbase exchange in the application for listing its securities.Increased regulatory oversight can benefit the cryptocurrency industry, said billionaire and co-founder of Bitmain Jihan Wu. In his opinion, regulation "weeds out intruders" and improves the reputation of the industry in the conditions of rapid growth.Recall that in May, the Chinese authorities banned companies from supporting cryptocurrency-related business, and then announced plans against cryptocurrency mining and bitcoin trading. In June, the world's largest crypto exchange Binance faced regulatory pressure.No one doubts that the Chinese authorities will officially squeeze out all possible analogues of the digital yuan from their territory, and this fact is unlikely to cause serious pressure on the market. Markets are afraid that other countries will adopt Beijing's experience. Developed economies are more restrained in their manifestations, and they are probably trying to assess the consequences of such ...

Bitcoin fell sharply on Thursday after a new statement by the Central Bank of China.The first cryptocurrency fell by almost $2,500, approaching the lows for a week and a half around $32,000.Bitcoin and stablecoins have turned into speculative instruments that threaten the security of the financial system and social stability, vice Chairman of the People's Bank of China (PBOC) Fan Yifei said on Thursday.According to him, it was the threats coming from the first cryptocurrency and stablockins that caused the introduction of restrictive measures. Yifei promised that in the near future Beijing will introduce new measures against the cryptosphere.Answering questions from journalists, Fan Yifei pointed out that private digital currencies and central bank digital currencies (CBDC) should be separated. China will continue to actively promote the digital yuan and will use it during the 2022 Winter Olympics, which will begin in February.Calls for the introduction of strict restrictions on mining and crypto trading were made by the Chinese authorities in mid-May. In June, four provinces of China completely banned the mining of cryptocurrencies, and banks and other financial organizations of the People's Republic of China were banned from conducting operations related to digital assets.As a result, more than 70% of miners were forced to turn off their equipment to move to other countries. The hashrate of the first cryptocurrency has decreased by more than 50% in a month.Against this background, bitcoin has fallen by 20% in two months. Experts agree that if the Chinese authorities continue to put pressure on the market, then a further decline in bitcoin is ...

The world's largest cryptocurrency exchange Binance has recently been attacked by regulators and banks.One of the largest financial conglomerates in the world, Barclays, on Monday banned its customers in the UK from sending funds to the Binance crypto exchange.The decision is aimed at "helping to keep your money safe", according to an SMS message sent to the bank's customers who transferred money to Binance this year.Santander Bank also announced that it will reconsider its attitude to payments sent to unregulated crypto exchanges. Lloyds noted that they do not allow credit card transactions related to cryptocurrencies and check such transactions for fraud.Last week, the Securities and Exchange Commission of Thailand opened a criminal case against Binance. The regulator found that Binance provided services through its website without a corresponding license. Earlier, Binance came under pressure from regulators in Singapore and the Cayman Islands.At the end of June, the British regulator FCA warned that Binance Markets is dangerous for consumers because it operates without a license. This warning also applies to the Binance Group.Earlier, the Financial Services Agency of Japan (FSA) issued another warning to Binance for working in the country without a license. The main purpose of the notification is to protect investors. More about Binance:Binance crypto exchange is under ...

Intertrust conducted a survey of 100 large hedge funds. Its results showed that almost all funds plan to significantly increase their investments in cryptocurrencies within 5 years. Their share in the investment portfolios of hedge funds can reach an average of 7.2%. This means that the total amount of investments in cryptocurrencies can reach $312 billion. At the same time, every sixth respondent said that the share of cryptocurrencies in the portfolio of his fund will exceed 10%. A representative of Intertrust said that, as it turned out, the funds that took part in the survey are well aware of both the risks associated with the cryptocurrency market and its great opportunities in the long term. The greatest interest in cryptocurrencies is shown by hedge funds from the United States. At the same time, European funds were more cautious about the prospects for this investment direction. Experts believe that the plans of hedge funds to invest in Bitcoin will not allow the exchange rate of this cryptocurrency to fall below the level of ...

Developments in the cryptocurrency sector without a proper approach to control can increase risks to the global banking system, according to the Bank for International Settlements (BIS), also known as the "Central Bank of Central Banks".The Basel Committee on Banking Supervision (BCBS) of the Bank for International Settlements said that banks should have sufficient reserves to fully cover losses from investments in cryptocurrencies.BCBS works with the Bank for International Settlements and is engaged in the creation of common regulatory standards. According to the BCBS press release, such risks are still limited for credit institutions, but they may threaten global financial stability in the future.The Committee presented the rules for "risk weighting" for banks with access to different types of assets. For conventional cryptocurrencies, including bitcoin, the risk factor will be 1250%.This means that any bank that owns bitcoin or other crypto assets will be required to have in stock the amount of fiat currency, 12.5 times the amount of its investment in digital assets.Tokenized assets and stablecoins will be subject to the same rules as bonds, loans, commodities, and stocks.The statement of the Basel Committee came after the government of El Salvador expressed its readiness to use bitcoin as a legal tender, despite the high volatility of the cryptocurrency market.Many participants in the cryptocurrency industry believe that the "Basel rules" will prevent the widespread adoption of crypto assets among institutional investors. The recent bitcoin rally was largely due to the investments of large ...

The US Internal Revenue Service (IRS) has requested an increase in funding to strengthen oversight in the crypto sphere.According to the head of the IRS Rettig, the agency needs the authority to track all transfers in cryptocurrency in the amount of 10 thousand dollars.The Tax Service expects an increase in the budget for 2022 to expand the capabilities of tax administration in the field of cryptocurrencies and the fight against cybercrime.The capitalization of the crypto market has increased to $ 2 trillion, while the cryptocurrencies themselves are arranged in such a way as to remain out of sight, Rettig noted.The IRS plans to create a complete internal dashboard of cryptocurrency blockchains.In addition, it is proposed to impose obligations on crypto brokers and crypto exchanges to disclose information about their customers. In the tax form 1040, there will be items related to cryptocurrencies, which will simplify tax control in this area.Under Rettig, the IRS launched activities to collect information about users of crypto exchanges that can evade taxes. In April, it became known that the agency is looking for a company that would provide it with tools for hacking hardware crypto wallets.In an earlier green paper, the Biden administration made it clear that efforts to tax cryptocurrencies are aimed at narrowing the so-called tax gap.According to IRS estimates, the US government's shortfall in taxes could recently increase to $ 1 trillion a year due to the emergence of new sources of income, including cryptocurrencies.Meanwhile, the commissioner of the US Securities and Exchange Commission (SEC), Hester Pierce, in an interview with the Financial Times, said that too strict regulation of cryptocurrencies can harm financial ...

The US Federal Reserve is once again drawing attention to the risk that cryptocurrencies pose to financial stability. This was stated by its chairman Jerome Powell, pointing to the need to strengthen the regulation of cryptocurrencies. As reported by Reuters, this opinion was joined by the US Treasury Department, pointing out that the concern is the lack of regulation of the digital currency sector, and this can be used by rich people to avoid paying taxes. The Ministry considers it necessary to ensure that the authorities receive information about large transfers of crypto assets. The Reuters report notes that following the information from the Chinese authorities about the introduction of new restrictions in the cryptocurrency sector, a sharp drop in bitcoin followed. The first cryptocurrency lost 30% of its value on May 19. Speaking about the achievements in the field of financial technologies and their potential benefits, Powell also drew attention to the potential risks that cryptocurrencies, stablecoins and other innovations can carry for users and the financial ...