Stellar Lumen (XLM) Price Eyes Fresh Increase above $0.36
Stellar lumen price extended its decline below the $0.4000 support against the US Dollar.XLM price is now trading below $0.3600 and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).The pair is likely to start a steady increase if there is a break above the $0.3600 barrier.Stellar lumen price is facing hurdles near $0.3600 and $0.3800 against the US Dollar, unlike bitcoin. XLM price could gain pace if it clears the $0.3600 and $0.3800 levels.Stellar Lumen Price Analysis (XLM to USD)Recently, stellar lumen price declined steadily below the $0.4500 and $0.4000 levels against the US Dollar. The XLM/USD pair even broke the $0.3500 support level.It settled well below the $0.4000 level and the 55 simple moving average (4-hours). A low is formed near $0.3000 and the price is now correcting higher. It broke the $0.3200 and $0.3350 resistance levels. There was a break above the 23.6% Fibonacci retracement level of the downward move from the $0.4512 high to $0.3000 low.It is now trading near the $0.3600 barrier and the 55 simple moving average (4-hours). There is also a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart.The next key resistance is near the $0.3750 level. It is near the 50% Fibonacci retracement level of the downward move from the $0.4512 high to $0.3000 low. Any more gains could open the doors for a steady increase above the $0.4000 level.If not, the price could start a fresh decline from $0.3600. An immediate support is near the $0.3200 level. The main support is near $0.3000. Any more losses might call for a drop towards the $0.2650 support zone.Stellar Lumen (XLM) PriceThe chart indicates that XLM price is clearly trading below $0.3600 and the 55 simple moving average (4-hours). Overall, the price is likely to start a steady increase if there is a break above the $0.3600 barrier.Technical Indicators4 hours MACD – The MACD for XLM/USD is slowly losing momentum in the bearish zone.4 hours RSI – The RSI for XLM/USD is currently above to the 50 level.Key Support Levels – $0.3200 and $0.3000.Key Resistance Levels – $0.3600, $0.3750 and $0.4000.The post Stellar Lumen (XLM) Price Eyes Fresh Increase above $0.36 appeared first on Live Bitcoin News.
Stellar lumen price extended its decline below the $0.4000 support against the US Dollar.XLM price is now trading below $0.3600 and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).The pair is likely to start a steady increase if there is a break above the $0.3600 barrier.Stellar lumen price is facing hurdles near $0.3600 and $0.3800 against the US Dollar, unlike bitcoin. XLM price could gain pace if it clears the $0.3600 and $0.3800 levels.Stellar Lumen Price Analysis (XLM to USD)Recently, stellar lumen price declined steadily below the $0.4500 and $0.4000 levels against the US Dollar. The XLM/USD pair even broke the $0.3500 support level.It settled well below the $0.4000 level and the 55 simple moving average (4-hours). A low is formed near $0.3000 and the price is now correcting higher. It broke the $0.3200 and $0.3350 resistance levels. There was a break above the 23.6% Fibonacci retracement level of the downward move from the $0.4512 high to $0.3000 low.It is now trading near the $0.3600 barrier and the 55 simple moving average (4-hours). There is also a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart.The next key resistance is near the $0.3750 level. It is near the 50% Fibonacci retracement level of the downward move from the $0.4512 high to $0.3000 low. Any more gains could open the doors for a steady increase above the $0.4000 level.If not, the price could start a fresh decline from $0.3600. An immediate support is near the $0.3200 level. The main support is near $0.3000. Any more losses might call for a drop towards the $0.2650 support zone.Stellar Lumen (XLM) PriceThe chart indicates that XLM price is clearly trading below $0.3600 and the 55 simple moving average (4-hours). Overall, the price is likely to start a steady increase if there is a break above the $0.3600 barrier.Technical Indicators4 hours MACD – The MACD for XLM/USD is slowly losing momentum in the bearish zone.4 hours RSI – The RSI for XLM/USD is currently above to the 50 level.Key Support Levels – $0.3200 and $0.3000.Key Resistance Levels – $0.3600, $0.3750 and $0.4000.The post Stellar Lumen (XLM) Price Eyes Fresh Increase above $0.36 appeared first on Live Bitcoin News.
Blockchain.com’s Head Of Research Breaks Down State Of The Crypto Market And What’s Coming For Bitcoin
The month of May was not a great one for the world’s biggest cryptocurrency and June hasn’t shown significant signs of improvement, not to the casual observer at least. Bitcoin had reached highs of over $60,000 but experienced a 40% drop after Elon Musk announced his car-manufacturing company, Tesla, was suspending Bitcoin payments despite having appeared to be advocates and buying $1.5 billion worth of BTC.
BTCUSD Chart By TradingViewMusk also implied the company would be selling its holdings but later indicated that would not be the case. The billionaire has since come under fire for what folks perceive is market manipulation and he has even received threats from the hacker group known as Anonymous.
Musk pointed to Bitcoin mining’s high energy usage but steps are being taken to make it so that mining becomes a much cleaner process in the future.
Ultra-Bullish On BTCMeanwhile, Blockchain.com’s head of research Dr. Garrick Hileman has encouraged investors to remain bullish amid the fears of a further crash in a recent Medium column.
“And for anyone who missed bitcoin’s runup to $64k we believe now is an attractive entry point to own your first (or more) crypto,” the piece reads.
Hileman’s research points out that crypto, in general, has already started its recovery following El Salvador’s adopting of Bitcoin as legal tender, although the International Monetary Fund has warned there could be costly repercussions.
MicroStrategy’s move to buy even more BTC is also considered to be one of the factors present crypto building towards a recovery. The company’s founder, Michael Saylor, was the one who brought Musk and a group of American miners together to discuss renewable energy mining last month.
And What Of China?China’s changing stance on Bitcoin is also causing worry but Hileman reckons the country is wasting its early lead in blockchain technology. He admits that, while China cannot bury Bitcoin, crypto will be worse off if the government finds success in suppressing it.
The Chinese government seemed to be in perfect stride with Musk when the country’s Premier announced plans to “crackdown” on Bitcoin mining. China is, of course, the world’s biggest mining hub, and such pressure could significantly affect the coin’s price.
China’s attack on Bitcoin is hardly novel, though. The country has been taking negative stances on the digital asset for nearly a decade now yet that did nothing to prevent it from reaching the heights it did in 2021.
The month of May was not a great one for the world’s biggest cryptocurrency and June hasn’t shown significant signs of improvement, not to the casual observer at least. Bitcoin had reached highs of over $60,000 but experienced a 40% drop after Elon Musk announced his car-manufacturing company, Tesla, was suspending Bitcoin payments despite having appeared to be advocates and buying $1.5 billion worth of BTC.
BTCUSD Chart By TradingViewMusk also implied the company would be selling its holdings but later indicated that would not be the case. The billionaire has since come under fire for what folks perceive is market manipulation and he has even received threats from the hacker group known as Anonymous.
Musk pointed to Bitcoin mining’s high energy usage but steps are being taken to make it so that mining becomes a much cleaner process in the future.
Ultra-Bullish On BTCMeanwhile, Blockchain.com’s head of research Dr. Garrick Hileman has encouraged investors to remain bullish amid the fears of a further crash in a recent Medium column.
“And for anyone who missed bitcoin’s runup to $64k we believe now is an attractive entry point to own your first (or more) crypto,” the piece reads.
Hileman’s research points out that crypto, in general, has already started its recovery following El Salvador’s adopting of Bitcoin as legal tender, although the International Monetary Fund has warned there could be costly repercussions.
MicroStrategy’s move to buy even more BTC is also considered to be one of the factors present crypto building towards a recovery. The company’s founder, Michael Saylor, was the one who brought Musk and a group of American miners together to discuss renewable energy mining last month.
And What Of China?China’s changing stance on Bitcoin is also causing worry but Hileman reckons the country is wasting its early lead in blockchain technology. He admits that, while China cannot bury Bitcoin, crypto will be worse off if the government finds success in suppressing it.
The Chinese government seemed to be in perfect stride with Musk when the country’s Premier announced plans to “crackdown” on Bitcoin mining. China is, of course, the world’s biggest mining hub, and such pressure could significantly affect the coin’s price.
China’s attack on Bitcoin is hardly novel, though. The country has been taking negative stances on the digital asset for nearly a decade now yet that did nothing to prevent it from reaching the heights it did in 2021.
Three Low-Risk Ways to Secure New Project Tokens
Over the last few weeks, the cryptocurrency market has shown signs of weakness, with many cryptocurrencies losing considerable value during this time, and investors becoming increasingly wary of investing in new tokens.
But while straight-up buying new tokens is one way to gain exposure to new potentially promising projects, there are also numerous ways to buy, earn, or win new tokens with little to no risk. Here, we list three often overlooked ways to do exactly that.
Participate In a LockdropGenerally, getting your hands on new project tokens entails either participating in an airdrop, or helping to fund the project through an investment round — such as an initial DEX offering (IDO) or Liquidity Bootstrap Pool (LBP).
But Edgeware, a platform that provides an all-one hub for developers and blockchain enthusiasts, pioneered a completely novel token distribution system, known as the Lockdrop.
As its name suggests, a Lockdrop involves locking up tokens for a fixed period of time to receive an airdrop for another asset. The team behind Edgeware believe that this system is more conducive to getting new project tokens in the hands of would-be long-term holders, since participants need to temporarily forgo the opportunities that come with holding onto the first token (e.g. ETH) in order to claim another (i.e. the new project token).
Image courtesy: Edgeware
Unsurprisingly, the first Lockdrop was held for Edgeware’s native utility token, known as EDG. As part of the process, users needed to lock their ETH in the Lockdrop smart contract for a period of at least 3 months or as long as a year — receiving proportionally more tokens for committing to a longer lockup.
Edgeware eventually went on to become what many describe as one of the most progressive blockchains built on Substrate, while EDG became one of the most widely distributed ERC-20 tokens, with more than 11 million holders currently, and over 15 million at its peak.
Since 2019, a handful of other projects have also launched via Lockdrop, these include Plasm Network, Spherium Finance, Equilibrium, and more — demonstrating sustained interest in the method.
Refundable Strong Holder Offerings (rSHOs)Cryptocurrency investments are well-known to provide some of the highest returns of any asset class — with the average cryptocurrency more than doubling in value since the start of the year alone.
Nonetheless, there is always some element of risk involved. After all, there’s a chance that a bear market could arise and an investment fails to pay off or a project simply fails to deliver on its promises and loses value as a result.
This is why investors are frequently reminded to only invest what they are willing to lose, since some cryptocurrency investments can result in complete losses.
But this is not the case with a particular type of cryptocurrency investment, known as a refundable Strong Holder Offering (rSHO). With an rSHO, investors are able to participate in an early stage token sale for vetted projects, while simultaneously limiting their downside risk.
1/4Presenting the Refundable Strong Holder Offering (rSHO)We introduced the Strong Holder Offering as a resource for projects to build custom communities, comprised of users with the specific traits they seek among holders. pic.twitter.com/A8zkHeUmEz
— DAO Maker (@TheDaoMaker) December 2, 2020This, because a large part of the initial investment is refundable, should the project token fail to achieve specific goals within a fixed period of time, e.g. if its market value falls below the rSHO price.
The terms can vary between rSHOs, but as an example, the AnRKey X rSHO ensured anybody could claim a refund within 6 months of the token generation event (TGE) should the ANRX token fall more than 20% below its rSHO price.
Over the last few weeks, the cryptocurrency market has shown signs of weakness, with many cryptocurrencies losing considerable value during this time, and investors becoming increasingly wary of investing in new tokens.
But while straight-up buying new tokens is one way to gain exposure to new potentially promising projects, there are also numerous ways to buy, earn, or win new tokens with little to no risk. Here, we list three often overlooked ways to do exactly that.
Participate In a LockdropGenerally, getting your hands on new project tokens entails either participating in an airdrop, or helping to fund the project through an investment round — such as an initial DEX offering (IDO) or Liquidity Bootstrap Pool (LBP).
But Edgeware, a platform that provides an all-one hub for developers and blockchain enthusiasts, pioneered a completely novel token distribution system, known as the Lockdrop.
As its name suggests, a Lockdrop involves locking up tokens for a fixed period of time to receive an airdrop for another asset. The team behind Edgeware believe that this system is more conducive to getting new project tokens in the hands of would-be long-term holders, since participants need to temporarily forgo the opportunities that come with holding onto the first token (e.g. ETH) in order to claim another (i.e. the new project token).
Image courtesy: Edgeware
Unsurprisingly, the first Lockdrop was held for Edgeware’s native utility token, known as EDG. As part of the process, users needed to lock their ETH in the Lockdrop smart contract for a period of at least 3 months or as long as a year — receiving proportionally more tokens for committing to a longer lockup.
Edgeware eventually went on to become what many describe as one of the most progressive blockchains built on Substrate, while EDG became one of the most widely distributed ERC-20 tokens, with more than 11 million holders currently, and over 15 million at its peak.
Since 2019, a handful of other projects have also launched via Lockdrop, these include Plasm Network, Spherium Finance, Equilibrium, and more — demonstrating sustained interest in the method.
Refundable Strong Holder Offerings (rSHOs)Cryptocurrency investments are well-known to provide some of the highest returns of any asset class — with the average cryptocurrency more than doubling in value since the start of the year alone.
Nonetheless, there is always some element of risk involved. After all, there’s a chance that a bear market could arise and an investment fails to pay off or a project simply fails to deliver on its promises and loses value as a result.
This is why investors are frequently reminded to only invest what they are willing to lose, since some cryptocurrency investments can result in complete losses.
But this is not the case with a particular type of cryptocurrency investment, known as a refundable Strong Holder Offering (rSHO). With an rSHO, investors are able to participate in an early stage token sale for vetted projects, while simultaneously limiting their downside risk.
1/4Presenting the Refundable Strong Holder Offering (rSHO)We introduced the Strong Holder Offering as a resource for projects to build custom communities, comprised of users with the specific traits they seek among holders. pic.twitter.com/A8zkHeUmEz
— DAO Maker (@TheDaoMaker) December 2, 2020This, because a large part of the initial investment is refundable, should the project token fail to achieve specific goals within a fixed period of time, e.g. if its market value falls below the rSHO price.
The terms can vary between rSHOs, but as an example, the AnRKey X rSHO ensured anybody could claim a refund within 6 months of the token generation event (TGE) should the ANRX token fall more than 20% below its rSHO price.
Top Trader Flips Bullish on Two Altcoins, Says One Crypto Sector Is Showing Strength
Popular crypto trader and analyst Cantering Clark believes two altcoins may be ready to take off while one sector of the markets shows signs of strength.
While Bitcoin moves mostly sideways, the pseudonymous trader tells his 60,200 followers that he closed a short position on Synthetix (SNX) as the decentralized finance (DeFi) sector is starting to show signs of bullishness.
“Closing this out before it gets run over.
DeFi showing strength right now.”
Popular crypto trader and analyst Cantering Clark believes two altcoins may be ready to take off while one sector of the markets shows signs of strength.
While Bitcoin moves mostly sideways, the pseudonymous trader tells his 60,200 followers that he closed a short position on Synthetix (SNX) as the decentralized finance (DeFi) sector is starting to show signs of bullishness.
“Closing this out before it gets run over.
DeFi showing strength right now.”
Lithium Finance launching IDO with Polkastarter to build out its data oracle solution
Lithium Finance, a decentralized data oracle solution, announced today it will host its IDO on Polkastarter on August 5th. Polkastarter is a fully decentralized protocol for launching new ideas. With Polkastater, projects can raise awareness, build a loyal community, and receive long-term support.
“This comes after the successful launch of our pre-IDO on Convergence earlier in June. Polkastarter partnered with Lithium Finance on our previous pre-IDO. We’re pleased to collaborate with our friends at Polkastarter again for our IDO.”– The Lithium Finance Team
Lithium Finance, a decentralized data oracle solution, announced today it will host its IDO on Polkastarter on August 5th. Polkastarter is a fully decentralized protocol for launching new ideas. With Polkastater, projects can raise awareness, build a loyal community, and receive long-term support.
“This comes after the successful launch of our pre-IDO on Convergence earlier in June. Polkastarter partnered with Lithium Finance on our previous pre-IDO. We’re pleased to collaborate with our friends at Polkastarter again for our IDO.”– The Lithium Finance Team
US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far
The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far.
The United States Marshals Service (USMS) has selected Anchorage Digital to provide custody for cryptocurrencies seized in criminal cases, the crypto custody firm announced Wednesday.The USMS is one of the primary law enforcement agencies of the U.S. Department of Justice (DOJ). It was also the first federal law enforcement agency in the country.Anchorage explained:This award means that Anchorage will be responsible for providing a full suite of cryptocurrency services.
The services include “custody, liquidation, and such activities as accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets, etc., as well as future actions associated with the virtual currency forfeiture process,” the company detailed.
Prior to hiring Anchorage, the USMS awarded the crypto custody contract to Bitgo in April, after spending more than a year seeking a custodian and financial services provider for its stockpile of seized crypto assets. Bitgo was acquired by Galaxy Digital in May. It is not clear why the DOJ decided to use Anchorage instead of Bitgo to custody seized cryptocurrencies.According to CNBC, the Marshals Service has confiscated and sold more than 185,000 bitcoins worth more than $7.2 billion since about 2014. Venture capitalist Tim Draper won the USMS auction of 30,000 confiscated bitcoins from the now-defunct Silk Road in 2014.The Marshals Service’s most recent bitcoin auction was in February last year when more than 4,041 BTC were auctioned.
The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far.
The United States Marshals Service (USMS) has selected Anchorage Digital to provide custody for cryptocurrencies seized in criminal cases, the crypto custody firm announced Wednesday.The USMS is one of the primary law enforcement agencies of the U.S. Department of Justice (DOJ). It was also the first federal law enforcement agency in the country.Anchorage explained:This award means that Anchorage will be responsible for providing a full suite of cryptocurrency services.
The services include “custody, liquidation, and such activities as accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets, etc., as well as future actions associated with the virtual currency forfeiture process,” the company detailed.
Prior to hiring Anchorage, the USMS awarded the crypto custody contract to Bitgo in April, after spending more than a year seeking a custodian and financial services provider for its stockpile of seized crypto assets. Bitgo was acquired by Galaxy Digital in May. It is not clear why the DOJ decided to use Anchorage instead of Bitgo to custody seized cryptocurrencies.According to CNBC, the Marshals Service has confiscated and sold more than 185,000 bitcoins worth more than $7.2 billion since about 2014. Venture capitalist Tim Draper won the USMS auction of 30,000 confiscated bitcoins from the now-defunct Silk Road in 2014.The Marshals Service’s most recent bitcoin auction was in February last year when more than 4,041 BTC were auctioned.
Fidelity Purchases More Than 7% Stake in One of North America’s Biggest BTC Mining Firms
Fidelity Investments Inc. is now a major stakeholder in Marathon Digital Holdings, one of the biggest bitcoin mining firms in North America.
Fidelity Investments Buys More Than 7% of MarathonAt the time of writing, Fidelity has purchased a 7.4 percent stake in the crypto mining enterprise, thereby boosting the institutional presence that has grown so prevalent in the crypto world over the past few months. Since the end of last year, many institutional figures from Square to MicroStrategy to Tesla have all gotten into the bitcoin game, buying anywhere from several hundred million to more than $2 billion worth of the world’s number one digital currency.
While Fidelity is not exactly purchasing crypto assets, it is holding a stake in a company that mines them, and Marathon has grown exponentially over the past year alone. While bitcoin has seen its price jump by roughly 240 percent in the past 12 months, Marathon shares have expanded by more than 660 percent. Thus, Fidelity seems to think that by taking ownership of a bitcoin-based company rather than bitcoin itself, it can somehow rake in more profit.
Fidelity Investments Inc. is now a major stakeholder in Marathon Digital Holdings, one of the biggest bitcoin mining firms in North America.
Fidelity Investments Buys More Than 7% of MarathonAt the time of writing, Fidelity has purchased a 7.4 percent stake in the crypto mining enterprise, thereby boosting the institutional presence that has grown so prevalent in the crypto world over the past few months. Since the end of last year, many institutional figures from Square to MicroStrategy to Tesla have all gotten into the bitcoin game, buying anywhere from several hundred million to more than $2 billion worth of the world’s number one digital currency.
While Fidelity is not exactly purchasing crypto assets, it is holding a stake in a company that mines them, and Marathon has grown exponentially over the past year alone. While bitcoin has seen its price jump by roughly 240 percent in the past 12 months, Marathon shares have expanded by more than 660 percent. Thus, Fidelity seems to think that by taking ownership of a bitcoin-based company rather than bitcoin itself, it can somehow rake in more profit.
Some really interesting news about TrendGuru AI project has been popping up in many crypto related media in the last few days. It looks like Artificial Intelligence has started a revolution in the crypto market!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Publicly Listed Mortgage Company Announces Plans To Accept Payments in Bitcoin and Crypto: Report
New York Stock Exchange-listed mortgage firm United Wholesale Mortgage Holdings Corporation (NYSE: UWMC) says it intends to accept cryptocurrency as a form of payment.
In an earnings call during the release of the company’s second-quarter 2021 results, the chairman and CEO of the publicly listed firm, Mat Ishbia, says the plan could take effect in the coming months
“We’ve evaluated the feasibility, and we’re looking forward to being the first mortgage company in America to accept cryptocurrency to satisfy mortgage payments.
New York Stock Exchange-listed mortgage firm United Wholesale Mortgage Holdings Corporation (NYSE: UWMC) says it intends to accept cryptocurrency as a form of payment.
In an earnings call during the release of the company’s second-quarter 2021 results, the chairman and CEO of the publicly listed firm, Mat Ishbia, says the plan could take effect in the coming months
“We’ve evaluated the feasibility, and we’re looking forward to being the first mortgage company in America to accept cryptocurrency to satisfy mortgage payments.
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
Tik Tok Is Allegedly Censoring Crypto Influencers
Social media platform Tik Tok appears to have changed its rules and regulations. As a result, many crypto and blockchain-related videos are getting taken down, though their posters say they have not committed any wrongdoing.
Tik Tok Isn’t Crazy About Crypto VideosTik Tok says it is disallowing any videos that promote illegal activities and/ or regulated goods. Here is the real irony: bitcoin and crypto is not fully regulated anywhere in the world. Thus, how could any sort of cryptocurrency video stem from regulated source material? This is an issue we are seeing all over the world, from the U.S. and beyond. As the crypto space continues to grow, many regulators are questioning how they can potentially control it or rule it in some way. The trouble is that many regulators do not know how, considering they don’t understand enough about the space.
Social media platform Tik Tok appears to have changed its rules and regulations. As a result, many crypto and blockchain-related videos are getting taken down, though their posters say they have not committed any wrongdoing.
Tik Tok Isn’t Crazy About Crypto VideosTik Tok says it is disallowing any videos that promote illegal activities and/ or regulated goods. Here is the real irony: bitcoin and crypto is not fully regulated anywhere in the world. Thus, how could any sort of cryptocurrency video stem from regulated source material? This is an issue we are seeing all over the world, from the U.S. and beyond. As the crypto space continues to grow, many regulators are questioning how they can potentially control it or rule it in some way. The trouble is that many regulators do not know how, considering they don’t understand enough about the space.
Ethereum Whales Promptly Relocate Over $1,000,000,000 in ETH Amid Crypto Market Correction
Whales moved more than $1 billion in Ethereum (ETH) across 21 separate transactions this week amid a widespread market correction, according to crypto tracker Whale Alert.
Whale Alert notes an unknown wallet sent Binance a whopping 99,990 ETH on Tuesday, worth more than $343 million, the largest of the tracked transactions.
Whales moved more than $1 billion in Ethereum (ETH) across 21 separate transactions this week amid a widespread market correction, according to crypto tracker Whale Alert.
Whale Alert notes an unknown wallet sent Binance a whopping 99,990 ETH on Tuesday, worth more than $343 million, the largest of the tracked transactions.
MicroStrategy Bought More BTC… Then the Price Fell.
Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap.
MicroStrategy Just Keeps Buying BitcoinIn a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050 separate units of bitcoin at an average price of about $48,099. Already, this move is coming back to bite MicroStrategy in the butt. The company is so adamant to purchase more bitcoin that it is often losing money on its investments. For example, the asset has since fallen by close to $5,000 since the enterprise engaged in this recent purchase. Thus, that $242 million has since fallen by quite a bit.
Still, MicroStrategy has not shown any inclination that it is bothered by this recent maneuver, and to an extent, we need to respect the firm and its executives for that. MicroStrategy has arguably proven itself to be the biggest bitcoin fan out there. The company first began purchasing the asset in August of 2020 – just over one year ago – to much speculation, as at the time, it was extremely rare for a business – especially one of MicroStrategy’s size and standing – to engage in crypto investments and trades.
Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap.
MicroStrategy Just Keeps Buying BitcoinIn a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050 separate units of bitcoin at an average price of about $48,099. Already, this move is coming back to bite MicroStrategy in the butt. The company is so adamant to purchase more bitcoin that it is often losing money on its investments. For example, the asset has since fallen by close to $5,000 since the enterprise engaged in this recent purchase. Thus, that $242 million has since fallen by quite a bit.
Still, MicroStrategy has not shown any inclination that it is bothered by this recent maneuver, and to an extent, we need to respect the firm and its executives for that. MicroStrategy has arguably proven itself to be the biggest bitcoin fan out there. The company first began purchasing the asset in August of 2020 – just over one year ago – to much speculation, as at the time, it was extremely rare for a business – especially one of MicroStrategy’s size and standing – to engage in crypto investments and trades.
Here Are Three Reasons Bitcoin Will Remain ‘Ultra-Volatile’ in the Foreseeable Future, According to Deutsche Bank Analyst
A senior economist at Deutsche Bank predicts Bitcoin (BTC) will remain “ultra-volatile” for the foreseeable future.
Marion Laboure, who also works as a market strategist at the banking giant, says BTC could potentially become the 21st century gold down the road. At this point in time, Laboure says BTC’s high level of volatility keeps it from serving as an effective store of value, and she does not expect wild price swings to disappear any time soon for three reasons.
A senior economist at Deutsche Bank predicts Bitcoin (BTC) will remain “ultra-volatile” for the foreseeable future.
Marion Laboure, who also works as a market strategist at the banking giant, says BTC could potentially become the 21st century gold down the road. At this point in time, Laboure says BTC’s high level of volatility keeps it from serving as an effective store of value, and she does not expect wild price swings to disappear any time soon for three reasons.
NFTs will redefine how we store culture: Yat Siu
NFTs appeal to the human need to store culture, the executive explains
Hong Kong-based tech entrepreneur and investor Yat Siu opened up on his ideas regarding non-fungible tokens, giving advice to newcomers in the field and explaining how NFTs fit into the emerging movement for data rights.
In an interview with Cointelegraph, the co-founder and chairman of Animoca Brands, a leading digital entertainment, blockchain, gamification and artificial intelligence firm, explained that NFTs seek to capitalise on the human need to "store culture" that has existed throughout history.
NFTs appeal to the human need to store culture, the executive explains
Hong Kong-based tech entrepreneur and investor Yat Siu opened up on his ideas regarding non-fungible tokens, giving advice to newcomers in the field and explaining how NFTs fit into the emerging movement for data rights.
In an interview with Cointelegraph, the co-founder and chairman of Animoca Brands, a leading digital entertainment, blockchain, gamification and artificial intelligence firm, explained that NFTs seek to capitalise on the human need to "store culture" that has existed throughout history.
Forwarded from TrendGuru AI
A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
New York Attorney General Orders Two Unregistered Crypto Lending Platforms To Shut Down, Demands Answers From Three More
The attorney general of New York is cracking down on two crypto lenders and putting several others on notice.
Letitia James says crypto platforms that offer interest on deposits must register with the Office of the Attorney General (OAG) to comply with the state’s Martin Act.
Attorney General James announces in a new press release,
“Cryptocurrency platforms must follow the law, just like everyone else, which is why we are now directing two crypto companies to shut down and forcing three more to answer questions immediately.
The attorney general of New York is cracking down on two crypto lenders and putting several others on notice.
Letitia James says crypto platforms that offer interest on deposits must register with the Office of the Attorney General (OAG) to comply with the state’s Martin Act.
Attorney General James announces in a new press release,
“Cryptocurrency platforms must follow the law, just like everyone else, which is why we are now directing two crypto companies to shut down and forcing three more to answer questions immediately.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!