Monthly Archives: September 2021

Traders use this classic trading pattern to determine when to ‘buy the dip’

Ascending channels provide a steady signal on the strength of an uptrend and the optimal levels to open positions during a pullback. Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel.  An ‘ascending channel’ or a “bullish price channel” is formed by drawing parallel lines between the perceived support and resistance levels that an asset trades between on candlestick charts. Ascending channel basics An ascending channel is […]

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Stablecoins are assets — not currencies, says ECB president

“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde. Christine Lagarde, president of the European Central Bank, said all cryptocurrencies, in which she included stablecoins and speculative assets, “are not currencies at all.” In a Sept. 1 interview with World Economic Forum founder and executive chair Klaus Schwab, Lagarde said cryptocurrencies “present themselves as currencies,” but she still considered them as assets to be regulated and “supervised by asset regulators.” Under this definition, the ECB president […]

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Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals

Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume of Illicit Crypto Transactions Among the world’s regions with a total crypto transaction volume of at least $400 million, Eastern Europe is the only one where illicit activity exceeds 0.5% of the total value sent and received, Chainalysis notes […]

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Vasyl Virastyuk, the Strongest Man on the Planet Has Tokenized Autograph With Philography Project

PRESS RELEASE. Vasyl Virastyuk, the strongest man on the planet in 2004 and 2007, tokenized his autograph through the innovative NFT project PHILOGRAPHY. The strongman was the first to start a partnership with PHILOGRAPHY.BIZ. He provided his original autograph to produce a limited edition of collectible NFT autographs and sell them. This is the project’s first NFT token, which will increase its collectible value and investment value in the long run. Vasyl Virastyuk is the owner of the 2004 and 2007 World’s Strongest Man titles and the […]

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SBI reportedly looks to launch crypto fund in Japan by December

An SBI exec said that the company would consider launching a second crypto fund depending on the success of the first. Japanese financial conglomerate SBI Holdings is reportedly planning to set up one of the first funds in the country giving investors exposure to crypto.  According to a Thursday Bloomberg report, SBI, aiming to have a crypto fund available by the end of November, will offer residents of Japan the opportunity to invest in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), XRP, and others. Tomoya […]

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Presearch, Aragon and IOTA explode higher after Bitcoin price clips $50K

PRE, ANT and MIOTA lead altcoins higher as increasing bullish momentum has analysts calling for Bitcoin price to overtake $50,000. Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000.  The positive price action hasn’t been limited to the top two market leaders. Many altcoins continue to rally and the ‘altseason’ indicator from Cointelegraph Markets Pro is signaling that the momentum could continue for a […]

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More Zimbabwean Artists Pivot to NFTs as Bubble Concerns Grow

A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists pivoting to the non-fungible tokens (NFT) market after his digital artwork was sold for 0.7 ethereum. The sale, which took place on the Async Art NFT marketplace, is Ndlovu’s first foray into the digital art space. NFTs an Opportunity for African Artists According to a report, Ndlovu’s digital art piece, which is called Burnt Out, depicts the challenges that were experienced by health care workers who were fighting to stop the spread of the Covid-19 […]

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How Do NFTs Compare To Bitcoin?

Discussing NFTs, Bitcoin, whether value is objective or subjective and the importance of time preferences. Watch This Episode On YouTube Listen To This Episode: Spotify Google Podbean This episode of “Bitcoin Bottom Line” covered one of the cryptocurrency ecosystem’s current hot topics: non-fungible tokens (NFTs). Hosts Steven McClurg and C.J. Wilson brought on Malibu artist and marketing associate at Valkyrie Annie Little to offer her perspective on the value of art. Is value objective or subjective? Little discussed the difference between traditional and digital art, and how […]

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Legalized Theft: Police Seize $87,000 From Former Marine but Don’t Charge Him With a Crime

A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s trunk. Lara, who also had a stack of automated teller machine (ATM) receipts that showed the funds were legitimate, said “I could not believe that I had just been literally robbed on the side of the road by people […]

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Cryptocurrencies now legally recognized under commercial law in Texas

Texas House Bills 4474 and 1576 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June. Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas. Texas House Bills 4474 and 1576, passed by both chambers in the state legislature in May and signed into law by Governor Greg Abbott in June, officially took effect on Sept. 1. H.B. 1576 establishes a blockchain working group in Texas, while H.B. 4474 amends […]

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