Monat: Januar 2021

Change in perspective? – The United States Securities and Exchange Commission (SEC) can almost decide life and death on a crypto project. Just look at the case of Ripple , whose XRP token has been classified as securities . The upcoming appointment of a new SEC chairman is therefore being watched closely in the cryptosphere.

US market watchdog will soon have a new chief

Former SEC chairman Jay Clayton wasn’t necessarily hostile to cryptocurrencies, as long as they didn’t play too much on its sacrosanct securities law (the Securities Act of 1933).

Shortly before his retirement from the post of chairman of the SEC, Jay Clayton even said of Bitcoin (BTC) that not only did the king of cryptos not qualify as securities , but that he also considered it „a system. payment and a store of value ” !

According to a section of Brave NewCoin , a mixture of optimism and caution is now set as the favorite candidate of Joe Biden to take the incoming Presidency of the SEC would be Gary Gensler .

The man was notably chairman of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014, the other great regulator of the US markets .

So, good or bad for crypto? We release the 50/50 joker

On the optimistic side , we can say that the man is familiar with the crypto-asset sector and blockchain technology (DLT). According to the crypto-media CoinDesk , which quotes him, Gary Gensler considers that:

“Satoshi Nakamoto (…) has solved the thorny issue of payments, to securely move OTC value over the Internet, while avoiding double spending (…) This [blockchain] technology has the real potential to be a catalyst for change. “

As for caution , it will be remembered that in 2018 , the possible future president of the SEC was considering considering Ripple’s XRP , but also Ethereum (ETH), as potentially securities .

Then in 2019 , Gary Gensler was also among the first and most vocal to step up to denounce the old version of stablecoin of Facebook – the Libra – as a security .

As for ETFs ( Exchange Traded Fund ), a version of which replicating the price of Bitcoin has still been under discussion for several years , the mystery about its position remains unresolved. Hester Peirce , who is currently the only member of the SEC to be in favor of a Bitcoin ETF, hopes to be able to work with Gary Gensler to „bring more regulatory clarity to the crypto-asset sector“ .

XRP trades between long term support and resistance located at $ 0.23 and $ 0.32.

The price is also following a short term upward support line.

The trend is not upwards until the price has returned to the $ 0.47 zone.

The price of XRP has been rising since December 29. That said, that rally may just be a retracement in response to the rapid decline that took place between December 19 and 23.

XRP’s trend cannot be considered upward until it has returned to the $ 0.45 area.

Long term level

Since peaking at $ 0.78 on November 21, 2020, the price of XRP has suffered a massive decline of 61%. It has, however, been up from its low of $ 0.172 on December 29.

This drop took Ethereum Code down to support at $ 0.23, before it started to rebound. XRP is currently trading in a range of $ 0.23 to $ 0.30.

Although technical indicators are bearish, price has not retraced significantly since its fall.

The 0.382 fibonacci retracement level (which is often the minimum retracement amount of a move) is found at $ 0.40. The fibonacci retracement level is for its part at $ 0.47.

A rally to the 0.5 level would go a long way in indicating a possible uptrend in XRP

Cryptocurrency trader @Crediblecrypto shared a chart of XRP, indicating that it will likely follow a rally towards the $ 0.46 area.

Its passage of this zone or the rejection of the latter will be a major element in determining the direction of the trend. This is consistent with our analysis and the areas of resistance that we have highlighted.

An observation of the daily chart reinforces the importance of the resistance located at $ 0.47. This is because this is both the 0.618 fibonacci retracement level of the second portion of the downward movement, as well as an old support area.

The current upward move was preceded by considerable bullish divergences in the daily RSI. The MACD, RSI and Stochastic Oscillator are all higher, supporting a possible bullish continuity.

A bullish cross in the Stochastic Oscillator and the RSI moving above 50 would likely signal a trend reversal.

Bitcoin reaches a new ATH of R$ 200 thousand after rising more than 30% in 2021 alone.

After 62 days of the maximum of R$100 thousand reais, the Bitcoin went up in an impressive way, reaching R$200 thousand reais after going up 12% only this Wednesday (6) and more than 30% only in 2021.

Bitcoin’s rise was largely driven by political conflicts in the United States, involving the inauguration of President Biden. The armed conflict in Washington further ignited the national political scene, which has already been aggravated by the new variant of the coronavirus, this time causing curfews instead of lockdowns to protect the coronavirus.

While the Bitcoin Era narrative as a crisis protection asset grows stronger, international investors increase their contributions and generate what is being known as the ‚Bitcoin arms war‘.

As a deflationary asset with limited and pre-established supply, new Bitcoin is created in a decreasing way and has a maximum ceiling. As interest increases, but it is not possible to increase the bitcoin supply in circulation to meet this supply, the price of the asset rises.

However, in a scenario of widespread crisis, Bitcoin seems to be the only answer, because it is not directly influenced by institutional policies of governments in particular. Thus, political crises accelerate day after day the process of accession and interest of the world’s largest cryptomeda.

In addition to Bitcoin, other Altcoins have also reached new heights. XRM, Stellar’s token, has benefited from the legal problems XRP faces with the SEC, rising more than 100% in just one day. OEther, the second currency in market capitalization has also impressed investors by rising more than 70% since the day began.

In addition to new price highs, the market capitalization of the cryptomorphs reached a much awaited mark, the first $1 trillion.

I’m starving‘: The pain and suffering of those who lost everything at Unick Forex

Unick Forex traders‘ pain and despair messages serve as a warning for new people who wish to enter the Bitcoin universe so that they don’t fall for false promises and tricks

In the fourth report of the series of material about the supposed financial pyramid Unick Forex (the other reports can be checked in the links 1, 2 and 3) the Cointelegraph will show the pain and suffering of those who bet everything believing in the easy money promises of Leidimar Lopes and today is fighting to remake life.

These are messages from simple people who in some cases instead of asking for reimbursement of all their money asked the president to pay at least R$ 500 reais to buy milk for their children.

Stories of people who ran away from hunger in their country and, believing in Unick, lost what little they conquered in Brazil and faced difficulties again in an unknown land.

All messages were taken from Leidimar Lopes‘ Telegram, which did not answer any of the messages and did not answer any of the calls.

Many of the messages are from people who had no direct contact with Leidimar but others are from people who were on Leidimar’s personal list, but they also remained unanswered and without his money.