CryptoNews
- The head of investment companies 10T Holdings and Gold Bullion International Dan Tapiero said that Bitcoin and gold can safely survive the next collapse of the stock market.
“I think that in the near future, as it often happened, the situation will turn around, which will lead to critical consequences for the stock market,” the expert said. "In the short term, the rise in the S&P 500 may seem like a positive signal, but I do not think the stock markets will resist the pressure from outside."
Tapiero also stressed that before the US presidential elections, the situation is changing in almost all financial sectors. If Donald Trump is unable to stay for a second term, the companies under his control will lose share value. And this will affect the quotes of the largest indices. “The market for such investments will not die, but it will be more difficult to get investors there,” he explained.
As for the possible appearance of negative interest rates in the US, according to Tapiero, they will make the dollar much weaker and become a "mega-bull" incentive for bitcoin.
- The Just Eat network, 15,000 food delivery outlets across France, started accepting bitcoins. The corresponding option appeared in the payment options for the order. Just Eat does not charge fees for payments in cryptocurrency but has warned customers that for this form of payment, you need to create a digital wallet by downloading "special software or application." The payment provider is BitPay, a cryptocurrency processing service.
It was reported earlier that more than 25,000 French retailers plan to accept the main cryptocurrency for payment.
- One of the three largest banks in Chile - BancoEstado was forced to shut down its branches after a ransomware attack. “Our branches are closed today and will not work in the coming days,” the bank announced on Twitter on September 7th. At the same time, the bank's management assured the clients that their funds were safe. According to a source close to the investigation, the ransomware REvil (Sodinokibi) infiltrated the internal network of this financial institution after one of the employees opened an infected document in the Office program. The presence of the virus was detected on Saturday, September 05, when bank employees were unable to access their work files. BancoEstado estimates the damage from the attack as significant - the ransomware affected most of the internal servers and work computers of employees. The bank's website, banking portal, mobile applications and ATMs remained intact.
Recall that earlier the developers of the Sodinokibi virus refused to receive the ransom in bitcoins, preferring the Monero cryptocurrency due to its increased anonymity.
- Еhe BTC rate has significantly decreased over the past week and dropped below $10,000 several times. However, this did not stop the number of transactions and hashrate from setting new highs. According to the analytical platform Glassnode, on September 8, the Bitcoin hash rate was 156 Eh/s - this is a new all-time high. The previous hashrate record was recorded on 11 May, before the third halving. Then it reached 152 Eh/s, but soon dropped to 90 Eh/s. In addition, there was a noticeable increase in the average daily transaction volume, which reached 130,110 BTC, setting an annual high.
In July, Chainalysis reported that miners had significantly reduced sales of mined BTC. Perhaps the current decline in the rate of this cryptocurrency is due to the fact that miners put on sale the previously mined coins in order to fix profits or cover the need for fiat.
- The son of the president of brokerage company Euro Pacific Capital, Peter Schiff, Spencer, continues to buy bitcoins, contrary to his father's opinion. Recall that the gold fan Peter Schiff is in the camp of ardent opponents of the largest digital currency. He periodically posts on Twitter criticizing BTC, calling it a pyramid scheme. On the other hand, Schiff Jr. is actively buying up bitcoins. His father commented on his son's behaviour: “Against my advice, he just bought even more bitcoins.” "Whose advice are you going to follow: a 57-year-old seasoned investor and business owner who has been investing professionally for over 30 years, or an 18-year-old college freshman who doesn't even have a job?" Peter Schiff asks his readers.
- The creator of the popular stock-to-flow ratio (S2F) model, analyst PlanB predicts that Bitcoin will not only reach $288,000 but will also show a further threefold growth. This will result in it costing about $864,000 by the end of 2024. Notably, PlanB is insanely optimistic about his model, believing that the price of BTC is still moving in line with his forecasts. Understanding the reaction of crypto community participants, he added that all this is possible since bitcoin has done something similar in previous stages.
- Employees of the Blockchain Research Lab released an article in which they talked about an increasingly popular method of money laundering through cryptocurrency. The mechanism was called “exclusive mining”. According to the researchers, attackers are asking miners to confirm transactions made through private channels in exchange for a reward. Such a transaction remains unaccounted for by many analytical systems, as it looks like a reward from mining cryptocurrency. “Disguising money transfers as transaction costs allows to evade taxes or launder money,” the authors of the article say, “and it is very difficult to detect cases of such “exclusive mining” and to prove criminal intent.”
- The new parameter of estimating investor sentiment presented by the analytical resource CryptoQuant indicates that bitcoin is “experiencing strong demand from buyers” at $10,000.
In early September, CryptoQuant founder Ki Young Ju introduced a new tool to track BTC investor sentiment, which he called Potential BUY/SELL Pressure. Its principle of operation is to calculate the ratio of exchange-traded deposits of bitcoin to deposits of stablecoins. The estimation is based on the hypothesis that the resulting number is inversely proportional to the appetites of traders. This parameter is currently biased towards the bullish side. “Bitcoin is still under strong pressure from buyers. Exchanges are holding more stablecoins and fewer bitcoins than at the beginning of this year,” wrote Ki Yang Joo, and summed up: “ I think a bullish trend in bitcoin is still possible. ”
- According to the information of the analytical platform Santiment, in three days after the Ethereum price collapse by 30%, 68 new "whales" appeared, which hold from 1,000 to 10,000 ETH ($350,000 - $3,500,000) and added millions of dollars to the coin's capitalization. Ethereum still remains the second largest cryptocurrency (12.9% of the market) and number 1 among altcoins by market capitalization — about $40 billion.
#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin #stock_market
https://nordfx.com
- The head of investment companies 10T Holdings and Gold Bullion International Dan Tapiero said that Bitcoin and gold can safely survive the next collapse of the stock market.
“I think that in the near future, as it often happened, the situation will turn around, which will lead to critical consequences for the stock market,” the expert said. "In the short term, the rise in the S&P 500 may seem like a positive signal, but I do not think the stock markets will resist the pressure from outside."
Tapiero also stressed that before the US presidential elections, the situation is changing in almost all financial sectors. If Donald Trump is unable to stay for a second term, the companies under his control will lose share value. And this will affect the quotes of the largest indices. “The market for such investments will not die, but it will be more difficult to get investors there,” he explained.
As for the possible appearance of negative interest rates in the US, according to Tapiero, they will make the dollar much weaker and become a "mega-bull" incentive for bitcoin.
- The Just Eat network, 15,000 food delivery outlets across France, started accepting bitcoins. The corresponding option appeared in the payment options for the order. Just Eat does not charge fees for payments in cryptocurrency but has warned customers that for this form of payment, you need to create a digital wallet by downloading "special software or application." The payment provider is BitPay, a cryptocurrency processing service.
It was reported earlier that more than 25,000 French retailers plan to accept the main cryptocurrency for payment.
- One of the three largest banks in Chile - BancoEstado was forced to shut down its branches after a ransomware attack. “Our branches are closed today and will not work in the coming days,” the bank announced on Twitter on September 7th. At the same time, the bank's management assured the clients that their funds were safe. According to a source close to the investigation, the ransomware REvil (Sodinokibi) infiltrated the internal network of this financial institution after one of the employees opened an infected document in the Office program. The presence of the virus was detected on Saturday, September 05, when bank employees were unable to access their work files. BancoEstado estimates the damage from the attack as significant - the ransomware affected most of the internal servers and work computers of employees. The bank's website, banking portal, mobile applications and ATMs remained intact.
Recall that earlier the developers of the Sodinokibi virus refused to receive the ransom in bitcoins, preferring the Monero cryptocurrency due to its increased anonymity.
- Еhe BTC rate has significantly decreased over the past week and dropped below $10,000 several times. However, this did not stop the number of transactions and hashrate from setting new highs. According to the analytical platform Glassnode, on September 8, the Bitcoin hash rate was 156 Eh/s - this is a new all-time high. The previous hashrate record was recorded on 11 May, before the third halving. Then it reached 152 Eh/s, but soon dropped to 90 Eh/s. In addition, there was a noticeable increase in the average daily transaction volume, which reached 130,110 BTC, setting an annual high.
In July, Chainalysis reported that miners had significantly reduced sales of mined BTC. Perhaps the current decline in the rate of this cryptocurrency is due to the fact that miners put on sale the previously mined coins in order to fix profits or cover the need for fiat.
- The son of the president of brokerage company Euro Pacific Capital, Peter Schiff, Spencer, continues to buy bitcoins, contrary to his father's opinion. Recall that the gold fan Peter Schiff is in the camp of ardent opponents of the largest digital currency. He periodically posts on Twitter criticizing BTC, calling it a pyramid scheme. On the other hand, Schiff Jr. is actively buying up bitcoins. His father commented on his son's behaviour: “Against my advice, he just bought even more bitcoins.” "Whose advice are you going to follow: a 57-year-old seasoned investor and business owner who has been investing professionally for over 30 years, or an 18-year-old college freshman who doesn't even have a job?" Peter Schiff asks his readers.
- The creator of the popular stock-to-flow ratio (S2F) model, analyst PlanB predicts that Bitcoin will not only reach $288,000 but will also show a further threefold growth. This will result in it costing about $864,000 by the end of 2024. Notably, PlanB is insanely optimistic about his model, believing that the price of BTC is still moving in line with his forecasts. Understanding the reaction of crypto community participants, he added that all this is possible since bitcoin has done something similar in previous stages.
- Employees of the Blockchain Research Lab released an article in which they talked about an increasingly popular method of money laundering through cryptocurrency. The mechanism was called “exclusive mining”. According to the researchers, attackers are asking miners to confirm transactions made through private channels in exchange for a reward. Such a transaction remains unaccounted for by many analytical systems, as it looks like a reward from mining cryptocurrency. “Disguising money transfers as transaction costs allows to evade taxes or launder money,” the authors of the article say, “and it is very difficult to detect cases of such “exclusive mining” and to prove criminal intent.”
- The new parameter of estimating investor sentiment presented by the analytical resource CryptoQuant indicates that bitcoin is “experiencing strong demand from buyers” at $10,000.
In early September, CryptoQuant founder Ki Young Ju introduced a new tool to track BTC investor sentiment, which he called Potential BUY/SELL Pressure. Its principle of operation is to calculate the ratio of exchange-traded deposits of bitcoin to deposits of stablecoins. The estimation is based on the hypothesis that the resulting number is inversely proportional to the appetites of traders. This parameter is currently biased towards the bullish side. “Bitcoin is still under strong pressure from buyers. Exchanges are holding more stablecoins and fewer bitcoins than at the beginning of this year,” wrote Ki Yang Joo, and summed up: “ I think a bullish trend in bitcoin is still possible. ”
- According to the information of the analytical platform Santiment, in three days after the Ethereum price collapse by 30%, 68 new "whales" appeared, which hold from 1,000 to 10,000 ETH ($350,000 - $3,500,000) and added millions of dollars to the coin's capitalization. Ethereum still remains the second largest cryptocurrency (12.9% of the market) and number 1 among altcoins by market capitalization — about $40 billion.
#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin #stock_market
https://nordfx.com