#Bitcoin #Amazon #cryptopayments

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.benzinga.com/markets/cryptocurrency/21/07/22140997/bitcoin-ethereum-dogecoin-bounce-back-but-these-minor-coins-are-striking-biggest-gainsBitcoin, 

Ethereum, Dogecoin Bounce Back But These Minor Coins Are Striking Biggest Gains

Major cryptocurrencies traded in the green on Sunday evening as the global cryptocurrency market cap rose 3.17% to $1.44 trillion.

What Happened: Bitcoin (CRYPTO: BTC) traded 4.74% higher at $35,785.55 over 24 hours. The apex cryptocurrency was up 13.03% over a seven-day trailing period.

Ethereum (CRYPTO: ETH) was up 2.78% at $2,229.87 over 24 hours. For the week, ETH traded 17.84% higher.

Dogecoin (CRYPTO: DOGE) was up 2.08% at $0.20. Over a seven-day period, DOGE traded 10.17% higher.

The Shiba Inu-themed cryptocurrency traded 2.53% lower against BTC and 0.34% lower against ETH over 24 hours.

https://ambcrypto.com/uniswap-we-have-taken-the-decision-to-restrict-access-to-certain-tokens/

Uniswap: We have taken the decision to restrict access to certain tokens

The prominent decentralized exchange, Uniswap has disclosed a list of tokens it will be discontinuing on its app interface. According to the official announcement, the tokens will only be removed from its app interface and the protocol will remain immutable.

It stated

“Today, consistent with actions taken by other DeFi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org.”

https://fortune.com/2021/07/26/china-bitcoin-crypto-ban-trading-peak-price/

One of China’s first Bitcoin moguls thinks Chinese crypto trading will soon be ‘a thing of the past’

China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the tokens, according to Bobby Lee, one of the country’s first Bitcoin moguls.

Lee knows what it’s like to be on the wrong side of Beijing: He sold BTC China, the nation’s first Bitcoin exchange and at one point the second biggest worldwide, in the aftermath of a crackdown in 2017.

China has launched a new campaign against cryptocurrencies this year, taking action against miners and imposing curbs on crypto banking services and trading. The moves have fueled Bitcoin’s drop to about half its mid-April record near $65,000.

https://www.euronews.com/next/2021/07/26/bitcoin-and-ether-climb-to-recent-price-peaks-as-amazon-crypto-rumours-spread?utm_source=flipboard&utm_campaign=feeds_money&utm_medium=referral

Bitcoin and Ether climb to recent price peaks as Amazon crypto rumours spread

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment.

Bitcoin rose as far as 12.5% to hit $39,850 (€33,828), its highest since mid-June during the Asia session, while Ether hit a three-week peak of $2,344 (€1989). On the heels of Bitcoin's best week in almost three months, the move put the squeeze on short sellers.

Last week, cryptocurrency enthusiast and Tesla boss Elon Musk said the carmarker would likely resume accepting Bitcoin once it conducts due diligence on its energy use. It had suspended such payments in May, contributing to a sharp crypto selloff.

https://www.pcmag.com/news/amazon-is-preparing-to-accept-cryptocurrency

Amazon Is Preparing to Accept Cryptocurrency

Amazon doesn't allow you to pay for orders using cryptocurrency. There are ways around that, but they won't be necessary for much longer as the company has confirmed it is gearing up to start accepting cryptocurrency as a valid form of payment.

As Tom's Hardware reports, the first sign this shift is happening was spotted via a new job listing. Amazon is looking to hire a Digital Currency and Blockchain Product Lead who will be tasked with using their "domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities."

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #ElonMusk #JackDorsey

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.dailymail.co.uk/news/article-9813451/First-death-Bitcoin-mining-Man-electrocuted-trying-power-faulty-computer.html

First death from Bitcoin mining: Cryptocurrency hunter is electrocuted while trying to power up faulty computer in Thailand

Danai Makmek, 26, was electrocuted while trying to power up his computer system to collect more cryptocurrency on Tuesday in Thailand's central Chonburi province.

Like many cryptocurrency miners, he had rigged up several hard drives to create a sprawling crypto mining machine, which he used electric fans to cool.

Danai panicked when his system cut out and he could not get it to turn back on.

He begged his brother, Apiwat Makmek, for help with the broken rig, worried he would lose valuable mining time.

https://www.cryptopolitan.com/busta-rhymes-invests-in-bitcoin/

Busta Rhymes declares for Bitcoin after B-word conference

American rapper stakes on Bitcoin after B-word conference.

Busta Rhymes tweets asking about crypto from his fans.

B-word conference makes giant impact on crypto industry.

https://ambcrypto.com/is-enjin-enj-on-the-cusp-of-a-massive-rally/

Is Enjin [ENJ] on the cusp of a massive rally?

Just over 24 hours ago, Enjin announced that it had become the first NFT company to be accepted into the United Nations Global Compact. The blockchain platform will now be exploring ways to use non-fungible tokens to promote the UN’s sustainability and equality aims.

Arguably, the blockchain firm has already made noteworthy strides in reducing the climate impact of NFTs through the development of its JumpNet blockchain. Additionally, Enjin is also a part of the Crypto Climate Accord and intends to make the crypto-industry run entirely on renewable energy by the year 2025. 

https://www.kitco.com/news/2021-07-22/The-reason-Bitcoin-price-stalled-and-the-crypto-to-dethrone-BTC-Shane-Molidor.html

The reason Bitcoin price stalled, and the crypto to dethrone BTC – Shane Molidor

There is one crypto that can dethrone Bitcoin in market capitalization, and that is Ethereum, said Shane Molidor, global head of business development for AscendEX.

Speaking to David Lin, anchor for Kitco News, Molidor said that “I don’t think that the emergence of stablecoins will necessarily dethrone Bitcoin. However, we do see a lot of other crypto assets that could also function as a store of value and then have compelling utility.”

Molidor added that “Bitcoin started its life cycle as a mechanism for peer-to-peer electronic payment, and it’s arguably failed on that use case. However, the functions of Bitcoin: immutability, scarcity, durability, etc. do exist with other cryptocurrencies, which also then have compelling fundamental values, such as Ethereum, which is why I think that there are pundits who would argue the ‘flippening’ will occur, where the market capitalization of Ethereum overtakes that of Bitcoin.”

https://mashable.com/article/musk-dorsey-bitcoin?utm_source=flipboard.com&utm_medium=referral&utm_campaign=storyboard

Elon Musk and Jack Dorsey agree to conversation about Bitcoin

The exchange started with Dorsey sharing a link for the B Word conference, which launches on July 21 and aims to "demystify and destigmatize mainstream narratives about Bitcoin."

https://www.vice.com/en/article/g5gm57/jack-dorsey-thinks-bitcoin-can-bring-world-peace

Jack Dorsey Thinks Bitcoin Can Bring ‘World Peace’

The CEO of both Twitter and payments firm Square is one of the world’s most prominent Bitcoin believers and backers, and Jack Dorsey keeps upping the ante on his professed devotion to the leading cryptocurrency.

On Wednesday, Dorsey—whose Twitter profile simply reads “#bitcoin”—appeared in a panel discussion as part of The B Word, a streaming event and resource for institutions considering entering the world of Bitcoin. Dorsey co-founded the event, and spoke on the panel alongside Tesla and SpaceX CEO Elon Musk and ARK Invest founder, CEO, and CIO Cathie Wood.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #ElonMusk #JackDorsey

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://ambcrypto.com/are-metrics-really-painting-a-bullish-picture-for-litecoin/

Are metrics really painting a bullish picture for Litecoin?

Litecoin‘s price action has more or less mirrored that of the broader cryptocurrency market in July. However, it is noteworthy that the alt’s margin of loss was way lower than some of the other major alts in the market.

Litecoin, after testing its lower long-term support at $109, registered a decent spike (highest in July) in trading volumes on 20 July. However, the trade volumes were still much lower than their May-July levels. Further, the altcoin after oscillating in the oversold zone highlighted an uptick.

https://www.awn.com/news/steve-aoki-and-stoopid-buddy-stoodios-launching-dominion-x-blockchain

Steve Aoki and Stoopid Buddy Stoodios Launching ‘Dominion X’ on Blockchain

Grammy-nominated artist and NFT creator Steve Aoki has joined forces with Seth Green’s Stoopid Buddy Stoodios (Robot Chicken), to present Dominion X, the first episodic series to launch on blockchain. It arrives on August 2 via Nifty Gateway, the exclusive NFT marketplace owned by Gemini founders Cameron and Tyler Winklevoss, and on DominionXshow.

Directed by Emmy Award winner Eric Towner (Marvel’s M.O.D.O.K.) and produced by Stoopid Buddy Stoodios, Dominion X is a 21st century animated short based on Character X, a character who first appeared in Aoki’s debut NFT drop Dream Catcher (with Antonti Tudisco). Stoopid Buddy Stoodios handcrafted the physical characters and sets, while filming the animation frame by frame, which was then set to original music scored by Aoki. Now, with the benefits of blockchain and NFT technology, fans are being offered a chance to own a piece of a show, both physical and digital, before it premieres on traditional television or streaming.

https://www.dmarge.com/2021/07/crypto-currency-market-right-now.html

TIME TO BAIL? EXPERT EXPLAINS WTF IS GOING ON WITH CRYPTO RIGHT NOW

If you’re investing in crypto in 2021 then you will probably be sick of hearing the phrase “never invest more than you can afford to lose.”

It’s still as true as ever.

But if you ignored all those trying to steer you towards more sensible investments and piled into crypto at its very peak earlier this year, and are now watching your money roll off a cliff, you might like to know what the hell is going on with the cryptocurrency market right now – and if it’s ever coming back.

https://cointelegraph.com/news/60-of-uber-rich-family-offices-considering-crypto-or-own-it-goldman-sachs

60% of uber-rich family offices considering crypto or own it: Goldman Sachs

A survey conducted by major investment bank Goldman Sachs has found that close to half of its family office clients want to add cryptocurrency to their portfolios, signaling the ultra-wealthy are becoming increasingly bullish on digital assets.

The survey, reported by Bloomberg, queried more than 150 family offices worldwide and found that 15% are already exposed to crypto assets.

A further 45% of offices expressed interest in investing in the asset class as a hedge against “higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus.”

https://finbold.com/survey-u-s-ranks-among-the-top-10-countries-likely-to-declare-bitcoin-a-legal-tender/

Survey: U.S. ranks among the top 10 countries likely to declare Bitcoin a legal tender

The cryptocurrency community is now betting on Paraguay to become the next country to declare Bitcoin a legal tender.

According to the survey by CoinMarketCap, as of July 20, 2021, the country received 81,433 votes, followed by Venezuela at 58,656 votes. The top ten countries likely to declare Bitcoin a legal tender received a total of 234,057 votes. Anguilla ranks in the third spot with 34,376 votes, while Panama received 17,323 votes, followed by India at 13,148 votes.

Other countries to rank top include Zimbabwe (8,704), United States (7,823), Mexico (4,245), Ecuador (4,245), and Bangladesh (4,104). South American and Caribbean nations dominate the list with a share of 50%.

https://www.theverge.com/2021/7/21/22587390/spacex-tesla-bitcoin-musk-dorsey-ethereum-dogecoin

Elon Musk says SpaceX holds Bitcoin, ribs Jack Dorsey at conference

“SpaceX, Tesla, and I own Bitcoin,” Elon Musk said at a Bitcoin conference today. Though Tesla no longer allows people to pay for cars using Bitcoin, the automaker hasn’t sold its Bitcoin, he said. “We’re not selling any Bitcoin, nor am I selling anything personally or nor is SpaceX selling any Bitcoin.”

In addition, Musk disclosed that he owned Ethereum and — unsurprisingly — Dogecoin. The price of Ethereum, which was already rising today, rose further on the disclosure. Dogecoin rose early in the panel to almost 21 cents, before dipping to about 19 cents by the end of the panel, according to Coindesk data. Musk spoke at a panel with Jack Dorsey, CEO of Twitter and payment company Square, and Cathie Wood, the founder and CEO of ARK Invest.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #TomBrady #NFT

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.entrepreneur.com/article/377885

Bitcoin Falls Below $30.000 Over Delta Variant Fears

Edward Moya, senior market analyst for the Americas at Oanda, wrote in a note: “Bitcoin is the ultimate risky asset right now and it could see intense selling pressure if Wall Street enters into panic selling mode.”

Investing in cryptocurrencies is based on trust and liquidity, and since there is a little less, the environment simply presents more challenges in the short term, said Keith Lerner, market strategist at Trust Advisory Services on Bloomberg.

https://www.coindesk.com/ether-falls-toward-1-7k-as-bitcoins-price-drop-weighs-on-broader-market

Ether Falls Toward $1.7K as Bitcoin’s Price Drop Weighs on Broader Market

Ether (ETH, +9.85%) and other alternative cryptocurrencies, popularly known as altcoins, are taking a hit alongside bitcoin (BTC, +6.98%) as the dour macro mood overshadows bullish idiosyncratic narratives.

The native token of Ethereum’s blockchain is trading near $1,758 at press time, down 6% on a 24-hour basis. The cryptocurrency touched a three-week low of $1,721 early today, having peaked above $4,000 in May, according to CoinDesk 20 data. Other prominent altcoins like XRP (+6.23%), cardano (ADA, +12.37%), uniswap (UNI, +10.49%), chainlink (LINK, +10.36%), and stellar (XLM, +9.66%) are nursing declines around 10%. Bitcoin, the crypto market leader, is down 5% at $29,700.

https://www.benzinga.com/markets/cryptocurrency/21/07/22075535/bitcoin-crashing-below-30k-not-enough-to-deter-cathie-wood-ark-adds-another-31m-in-coinbas

Bitcoin Crashing Below $30K Not Enough To Deter Cathie Wood — Ark Adds Another $31M In Coinbase, $3.4M In GBTC

Cathie Wood-led Ark Investment Management is ramping up cryptocurrency play even as the Bitcoin (CRYPTO: BTC) price plummeted below $30,000, wiping out nearly all of its 2021 gains.

The popular investment management firm on Tuesday snapped up 138,804 shares, estimated to be worth about $31.22 million, in Coinbase Global Inc (NASDAQ:COIN).

Shares of the cryptocurrency exchange closed 1.97% higher at $224.96 on Tuesday and were down 0.2% in after-hours trading.

The New York-based investment firm bought the shares via the Ark Fintech Innovation ETF (NYSE:ARKF) and the Ark Innovation ETF (NYSE:ARKK) on Tuesday but also holds a stake in Coinbase via the Ark Next Generation Internet ETF (NYSE:ARKW).

https://www.techspot.com/news/90499-mother-son-alleged-12-million-scam-claimed-use.html

Mother and son's alleged $12 million scam claimed to use supercomputers for crypto investment

WTF?! In what sounds like the plot from a poorly conceived comedy, an 86-year-old mother and her 54-year-old son have been accused of being part of a Ponzi scheme that promised to use supercomputers and AI to invest in securities trading and cryptocurrency.

According to the Securities and Exchange Commission’s complaint, Las Vegas-based Joy Kovar and her son Brent raised $12 million from at least 277 retail investors since May 2018 for a company with the suspiciously generic name of Profit Connect Wealth Services.

The pair allegedly encouraged investors to use money from their retirement funds, home equity, and educational funds for their families. Victims were lured by the promise of fixed returns of 20-30 percent per year with monthly compounding interest.

https://finbold.com/j-p-morgans-wealth-management-ceo-affirms-most-clients-view-bitcoin-as-an-asset-class/

J.P. Morgan’s wealth management CEO affirms most clients view Bitcoin as an asset class

J.P. Morgan’s head of wealth management, Mary Callahan Erdoes, has said clients are increasingly viewing Bitcoin as an asset class to invest in.

Speaking to Bloomberg, Erdoes noted that the banking giant’s goal is to guide clients to put their money where they need it while maintaining that venturing into cryptocurrency is a personal choice.

“A lot of our clients say that’s an asset class, and I want to invest, and our job is to help them put their money where they want to invest,” Erdoes said.

She added that the bank does not have Bitcoin as an asset class, but the store of value status will be tested over time. Erdoes implied that the current Bitcoin volatility is among JP Morgan’s reservations.

https://markets.businessinsider.com/currencies/news/tom-brady-autograph-nft-draftkings-lionsgate-naomi-osaka-tiger-woods-2021-7

Tom Brady's NFT platform partners with DraftKings and Lionsgate to offer sports and entertainment-themed digital collectibles

Autograph, the NFT platform co-founded by NFL quarterback Tom Brady, announced Tuesday that it is partnering with fantasy sports website DraftKings and entertainment firm Lionsgate to offer sports and entertainment-themed digital collectibles.

The platform will officially launch its NFTs this summer.

Sports-related content will be sold exclusively on DraftKings Marketplace, which will be available to users with existing DraftKings account. Once launched, millions will be able to seamlessly buy, sell, and trade digital collectibles.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Ethereum #Cardano

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://cointelegraph.com/news/grayscale-sets-sights-on-institutional-defi-fund

Grayscale sets sights on institutional DeFi fund

Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized finance (DeFi) assets.

Sonnenshein announced Grayscale’s planned DeFi Fund and Index during an appearance on CNBC’s Squawk Box. Detailing the purpose of the new product, the Grayscale CEO said the fund would offer exposure to DeFi assets, such as Uniswap (UNI) and Aave, for its institutional clients.

https://bitcoinist.com/how-crypto-processing-is-changing-the-payments-sector-and-why-the-industry-is-integrating-defi/

How Crypto Processing Is Changing the Payments Sector and Why the Industry Is Integrating DeFi

Last year, the CEO of one of the largest payment systems in the world, PayPal, Dan Shulman, said that crypto payments would go mainstream. And it looks like the expert’s predictions are coming true. Recent research by Wirex and the Stellar Development Foundation proves that cryptocurrency payments represent a viable alternative to traditional payment solutions. Bitcoinist discussed with CoinsPaid CEO Max Krupyshev current trends of this sector, how it will develop in the future and whether there is a chance for Bitcoin to become a full-fledged means of payment.

https://ambcrypto.com/cardano-the-cause-for-its-current-downtrend-may-be-surprising/

Cardano: The cause for its current downtrend may be surprising

While it is usually assumed that an asset’s price dictates the market’s sentiment, some interesting observations challenge that notion. These metrics show how neither the price action nor the potential of the coin’s network dictates the coin’s performance, it’s the holders.

Cardano’s fall due to sentiment?

It indeed is. Call it FUD or the concern among investors related to Bitcoin‘s price action, this seemed to be determining how ADA moves. Social sentiment commanded its volume instead of the price. When charted on the 30-day Simple Moving Averages, it becomes apparent that sentiment was driving the inflows and outflows of this altcoin.

The reason why volume is the focus is that when the 30-day SMA is placed on the price action, it does not fit the pattern.

https://www.theblockcrypto.com/linked/111816/bitcoin-mining-difficulty-lowest-january-2020?utm_source=rss&utm_medium=rss

It hasn't been this easy to mine bitcoin since January 2020

Bitcoin's mining difficulty has set yet another downward adjustment with a 4.81% decline over the weekend. It has now been revised to 13.67 trillion.

Network data shows that this is the lowest point in 18 months — since January 2020 — and that it's down 45% from its recent high of 25.05 trillion that held through the two weeks between May 13 and 30. It follows the largest ever network difficulty ease recorded on July 3, which saw a plunge of nearly 28%.

https://www.thestreet.com/crypto/bitcoin/ark-invest-buys-225937-shares-of-square-after-jack-dorseys-bitcoin-defi-announcement

ARK Buys $53.6m Worth of Square After Jack Dorsey's Bitcoin Announcement

A subscription to ARK Invest's trade notifications has revealed a huge purchase of Square shares just after Jack Dorsey's announcement about building DeFi on Bitcoin.

179,644 shares of Square (SQ) were added to ARK Invest's ARKK ETF and another 46,273 shares were added to the ARKW ETF. The cumulative purchase comes to 225,937 new shares of Square worth around $53.6 million.

https://www.forbes.com/sites/investor/2021/07/19/ethereum-crash-you-cant-unsee-this-chart/

Ethereum Crash: You Can’t Unsee This Chart

I always believe in keeping one’s investing and trading as simple as possible. If you can draw one obvious line then you are in good shape. You don’t have to know the outcome of the direction, just that the move will be big because then you just jump on it when the move is clear.

As soon as you start drawing lines all over your chart you are dealing with noise, and noise is randomness and hard to make directional money from.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Ethereum #FIAT

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.cryptopolitan.com/tim-draper-insists-btc-will-hit-250k/

Tim Draper insists Bitcoin Price will hit $250k next year

Billionaire and American venture capitalist Tim Draper has again stood by his prediction that by 2022 or early 2023, Bitcoin price would be trading at $250,000.

He also said that the flagship cryptocurrency is in line to witness mainstream adoption as the number of users continues to surge by the day.

https://ambcrypto.com/reasons-why-bitcoin-is-not-in-a-bear-market/

Reasons why Bitcoin ‘is not in a bear market’

Even with Bitcoin’s correction phase stretching to almost a couple of months now, analysts and optimists somehow continue to remain bullish. This rejection of a bear phase, albeit not unfounded, has been repeatedly expressed by several analysts and Bitcoin supporters, most likely, in a bid to keep investor sentiment high.

The recently published “Bitcoin price prediction 2021” report reflected this aspect. As per the report’s findings, 62% of the surveyed panelists believe that BTC is not in a bear market. According to these panelists, several factors such as sustained buying interest, Bitcoin’s price history, and the continued relevance of fundamentals were key indicators driving their stance.

https://www.cnbc.com/2021/07/18/very-dangerous-to-buy-stocks-bitcoin-investor-david-tice-warns.html

It’s ‘very dangerous’ to invest in stocks and bitcoin right now, long-time bear David Tice warns

The investor who sold his bear fund as the 2008 financial crisis was unfolding is delivering a grim long-term prognosis to Wall Street.

From the S&P 500 to Big Tech to bitcoin, David Tice warns it’s a “very dangerous period” for investors right now.

“The market is very overpriced in terms of future earnings. We are adding debt like we’ve never seen,” the former Prudent Bear Fund manager told “Trading Nation” on Friday. “We have the Treasury market acting very strange with rates falling dramatically.”

https://news.bitcoin.com/crypto-experts-predict-bitcoin-price-rising-to-318417-by-december-2025/

Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025

Finder, a major product comparison website, has conducted a study to find out the future outlook of bitcoin as its popularity grows. “As awareness of cryptocurrencies continues to spread, all eyes are on bitcoin’s price. So we asked our panel of 42 cryptocurrency experts what’s in store for the coin,” the company detailed last week.

The panelists include crypto asset managers, executives of crypto exchanges and other service providers, crypto analysts, professors, and lecturers at universities. Among various topics discussed was what the price of bitcoin will be at the end of the year and a few years from now.

https://ambcrypto.com/bitcoin-is-this-a-point-of-maximum-financial-opportunity/

Bitcoin: Is this a point of maximum financial opportunity?

Amidst an ongoing bearish scenario, Bitcoin may potentially be stepping into a “crypto winter,” which is, a phase of heavy losses followed by a sustained period of stagnation. When the same happened between 2018 and early 2020, the crypto space was able to outgrow it eventually, and register recovery.

Warren Buffett, the “Sage of Omaha,” once said, “Be fearful when others are greedy, and be greedy when others are fearful.” Now, with “buy the dip” messages doing the rounds within the community, does Buffett’s philosophy apply? How do emotions factor in here?

https://au.finance.yahoo.com/news/what-happens-when-all-21-million-bitcoins-are-mined-013429932.html

What happens when all 21 million Bitcoins are mined?

Currently, there are approximately 18.5 million Bitcoins in existence worth approximately $80 billion based on the current BTC price of $43,500 per coin.

But what happens when all 21 million coins are released?

When Bitcoin was created back in 2009, it was set up with certain protocols and rules. One of the more significant rules was that there would be a 21 million coin cap on the amount of Bitcoin that would go into circulation.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Ethereum #cryptowallet

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.gobankingrates.com/investing/crypto/best-bitcoin-or-crypto-wallets/

Best Bitcoin or Crypto Wallets 2021: How To Choose

Cryptocurrencies are all the rage right now. Even though cryptocurrencies can be highly volatile at times, people are more and more interested in purchasing them each day, and many big companies are starting to accept them as a payment method. One of their main appeals is that they’re practically impossible to double-spend or counterfeit because they’re protected by cryptography.

Bitcoin (BTC) is the leading name in the game, but several other options might appeal to you if you’re interested in investing in the digital currency world. However, before you join the bandwagon and get started on your cryptocurrency journey, you need to learn how to store your digital money safely using a crypto wallet.

https://www.forbes.com/sites/billybambrough/2021/07/17/crypto-price-prediction-bitcoin-to-overtake-the-dollar-by-2050-and-soar-to-66000-by-the-end-of-2021/

Crypto Price Prediction: Bitcoin ‘To Overtake’ The Dollar By 2050 And Soar To $66,000 By The End Of 2021

Bitcoin has struggled over the last few months, falling by more than half from its peak of around $65,000 set in April.

The bitcoin price is still up significantly from before it began its latest rally in October, a bull run that sent combined crypto market to a staggering $2.5 trillion before crashing back

Now, a panel of cryptocurrency experts has predicted bitcoin will overtake the U.S. dollar as the dominant form of global finance by the year 2050—putting the bitcoin price at just over $66,000 by the end of 2021.

https://ambcrypto.com/this-is-how-feasible-a-trend-reversal-for-ethereum-is/

This is how likely a trend reversal for Ethereum is

History usually recycles itself, and the present is nothing but the rhyming version of the past. In that, it wouldn’t be wrong to state that such cyclicity applies to the crypto-market as well. In essence, past precedents cannot be undermined.

At this stage, the market’s largest altcoin is stuck at an indecisive juncture. Ergo, it makes sense to look behind and draw parallels to see if there are some answers to be found.

At this point, the ETH/BTC spot volumes are at their mid-April levels. Notably, it was during that period when Bitcoin went on to hit its $64k ATH and Ethereum’s price simultaneously started gaining steam. The crypto went on to cross the $4k level in subsequent weeks. Now that it’s back to its former levels, are we heading towards a new all-time high anytime soon? 

https://www.dailycal.org/2021/07/17/top-performing-cryptocurrencies-of-2021/

Top Performing Cryptocurrencies of 2021

Bitcoin is having quite the run as of late, with prices soaring to new heights almost every month. But while Bitcoin still rules the roost when it comes to cryptocurrencies, it’s not the only choice in town. There are quite a few other options that you will come across when looking for other cryptocurrency investment options. In case you were wondering what these are, here’s a quick breakdown of the top-performing cryptocurrency investments that are also worth a try. 

https://bitcoinist.com/4-reasons-why-the-bitcoin-lightning-network-will-continue-to-grow/

4 Reasons Why The Bitcoin Lightning Network Will Continue To Grow

The Bitcoin second layer payment protocol Lightning Network has been exponentially increasing its capacity during the past years. Since it was launched in 2018, the network’s capacity has gone from under 1,000 BTC to 1,800 BTC.

The Lightning Network was first proposed in 2015 and operates with payment channels to allow users to send and receive faster and cheaper transactions than on Bitcoin’s base layer. These transactions are processed “off-chain” by lightning nodes.

https://ambcrypto.com/analyst-claims-this-is-the-way-you-can-retire-early-thanks-to-bitcoin/

Analyst claims this is the way you can retire early thanks to Bitcoin, cryptos

It’s no surprise that anyone would want to escape the rat race or maybe retire early. No, no advertisements here promoting insurance companies with their schemes and returns as in the traditional finance world. But, how about retiring early using cryptocurrencies? While the cumulative crypto-market capitalization, at press time, stood at $1.29T, given the current headwinds in the market, is it even feasible?

Well, one crypto-analyst certainly thinks so, with popular YouTuber Lark Davis recently laying out a practical guide for the same.

Before jumping right into it, it’s worth discussing the elephant in the room – How much money is required, irrespective of the age to get financial freedom? Here’s what this New Zealand-based crypto bull had to say about this,

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Mining #Chinaminers

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://decrypt.co/76212/ethereum-co-founder-sell-firm-quit-cryptocurrency-report?utm_medium=referral&utm_campaign=feed&utm_source=flipboard

Ethereum Co-Founder to Sell Firm, Quit Cryptocurrency: Report

Anthony Di Iorio, one of Ethereum's eight co-founders, plans to sell his software development firm, Decentral, and transition away from non-crypto ventures, according to a report today in Bloomberg.

“I want to diversify to not being a crypto guy, but being a guy tackling complex problems,” Di Iorio told the publication.

https://ambcrypto.com/ethereums-on-chain-metrics-reveal-its-still-too-early-to/

Ethereum’s on-chain metrics reveal ‘it’s still too early to….’

Ethereum has seen considerable volatility over the last few days, with the effects of the same pretty visible on most of the altcoin market as well. With metrics and analysts predicting an upcoming downtrend for the second-generation cryptocurrency, investors have understandably become very cautious. Is Ethereum heading for a bearish market? Looking at these metrics will help answer that question.

Over the last 30 days, ETH has fallen by over 25%. While it made a major recovery on 7 July, due to rising negative sentiment across the market, the altcoin fell on the charts once again. Now, somehow ETH managed to hold its position above $1800. But, that was the only positive aspect at this point. As long as ETH remains above its $1800 support, the $2200 resistance trendline can be retested.

https://ambcrypto.com/anonymous-announces-intent-to-wage-war-against-china-elon-musk-with-new-token/

Did ‘Anonymous’ announce intent to ‘wage war’ against China, Elon Musk?

Anonymous is back! And this time, they are bringing a new token with them. Or, so it would seem.

Dubbed Anon Inu, the infamous hacker group – Anonymous – is in the news today after it allegedly announced its intent to “wage a war against China and Elon Musk” with its new token. Although the two seem like an odd pairing to have as rivals, Anonymous has its own reasons.

In a recently released video, Anonymous started by touching upon the ongoing crackdown on Bitcoin mining in China. The “sudden flip” by Chinese authorities regarding mining was not only shocking but also bloody for the Bitcoin market. However, according to Anonymous, this was a deliberate attempt by the Chinese Communist Party [CCP] to curb competition for its soon-to-be-launched Digital Yuan.

https://finbold.com/former-us-treasury-secretary-on-bitcoin/

Former US Treasury Secretary’s Bitcoin views ‘have evolved’, says it’s a substitute for Gold

Former U.S. Treasury Secretary Steven Mnuchin has said his view on Bitcoin has changed after initially stating the digital currency has no inherent value.

Speaking to CNBC, Munchin said his opinion has evolved, stating that Bitcoin is a perfect substitute to the perennial store of value Gold. However, he maintained that he has no intention of putting Bitcoin in his portfolio. 

https://www.theblockcrypto.com/post/111682/malaysia-police-crash-bitcoin-miners?utm_source=rss&utm_medium=rss

Viral video shows Malaysia police crushing 1,069 bitcoin miners with a steamroller

A video clip that went viral on Twitter on Friday initially led many to wonder who would destroy such a significant number of bitcoin mining equipment and where. Turns out it was the Malaysia police.

The video that shows a steamroller crushing hundreds of bitcoin ASIC miners on the ground first started to circulate among the Chinese crypto community on WeChat on Friday morning local time. Some initially speculated that it happened in China or Latin America as the background of the video made it difficulty to tell its whereabouts exactly.

https://www.benzinga.com/markets/cryptocurrency/21/07/22020728/fund-manager-says-this-is-the-cryptocurrency-secret-that-very-few-people-know

Fund Manager Says This Is The Cryptocurrency Secret 'That Very Few People Know'

The Bitcoin fever hasn't broken, Bitwise Asset Management CIO Matthew Hougan said Friday on CNBC's "Squawk On The Street."

Bitwise focuses on the financial advisor market and that market is making a two- to five-year move into cryptocurrency, Hougan said, adding that inflows at Bitwise have shown continued strength.

What's Going On With Crypto? The cryptocurrency market is experiencing a brief period of uncertainty amid regulation expectations and the mining crackdown in China, he said. 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Inflation #Volatility

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://cointelegraph.com/news/michael-saylor-doesn-t-think-bitcoin-is-going-to-be-currency-in-the-us-ever

Michael Saylor doesn't think Bitcoin is ‘going to be currency in the US ever’

“I would call it a digital property, it's a threat to property, it's particularly a threat to other forms of property: gold is property, real estate is property. I don't think the United States government is threatened by real estate or buildings or companies or gold.”

https://www.techspot.com/news/90432-creator-dogecoin-crypto-scam.html

The creator of Dogecoin says all crypto is a scam

Software engineer Palmer, who created the payment system with Billy Markus in 2013 as a joke based on the "doge" meme, has been absent from Twitter since making his account private in 2019. He returned with a bang yesterday, slamming cryptocurrency as a way for the rich to get richer, and being little different from the "existing centralized financial system they supposedly set out to replace."

"After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity," he tweeted on Wednesday.

https://www.benzinga.com/markets/cryptocurrency/21/07/22012060/cathie-wood-buys-another-50m-in-bitcoin-play-coinbase-trims-nvdia-further

Cathie Wood Buys Another $15.5M In Bitcoin-Play Coinbase, Further Trims Nvidia

Cathie Wood-led Ark Investment Management on Thursday snapped up 69,172 shares, estimated to be worth about $15.5 million, in Coinbase Global Inc (NASDAQ:COIN) on the dip.

Shares of the cryptocurrency exchange closed 2.31% lower at $224.63 on Thursday.

The New York-based investment firm bought the shares via the Ark Innovation ETF (NYSE:ARKK) but also holds stakes in Coinbase via the Ark Fintech Innovation ETF (NYSE:ARKF) and the Ark Next Generation Internet ETF (NYSE:ARKW).

Together, the three ETFs held 5.46 million shares, worth around $1.26 billion, in Coinbase ahead of Thursday’s trades.

https://ambcrypto.com/this-never-seen-before-bitcoin-trend-can-lead-to-further-downside/

This ‘never seen before’ Bitcoin trend can lead to ‘further downside’

Bitcoin, after sustaining itself above the $32.5k-level with a steady sideways movement for most of July, saw a surprise hit below this support on 14 July. This swift drop towards the crucial $30k level raised alarm among bulls and bears alike as the larger market saw a shift from weak hands to strong hands.

Another alarming metric highlighted Bitcoin mentions on crypto social media falling, with its 7-day moving average sinking to a half-year low. Amidst these concerns, a faint light glimmered in the dark with the return of whales and miners to the space. ByteTree CEO James Bennett recently underlined his mixed predictions for BTC’s future.

Bitcoin’s price, as this week opened, had stabilized above the $33K level due to a reduction in miners selling and increased accumulation. However, Bennett painted a different picture and warned that a bunch of other metrics point towards decreased activity on the network. He hinted that Bitcoin is still stuck in a neutral zone and suffers from reduced appetite from key players.

https://www.thestreet.com/crypto/bitcoin/jack-dorsey-announces-new-square-division-to-build-defi-on-bitcoin

Jack Dorsey Announces New Square Division Aimed at DeFi on Bitcoin

Square founder and CEO, Jack Dorsey, has announced the creation of a new Square division dedicated to building decentralized financial services using Bitcoin.

https://www.cryptopolitan.com/why-should-you-invest-in-bitcoin-in-2021-despite-the-volatility/

Why Should You Invest In Bitcoin In 2021 Despite The Volatility?

Bitcoin is a digital currency availed by an utterly virtualized progression named bitcoin mining. Bitcoin mining does not only render new bitcoin units to the marketplace but also verifies transactions of the bitcoin network and processes the transaction information on the blockchain. Bitcoin is the utmost valuable cryptocurrency and speculative asset rendering a considerable return of investment in recent years.

There are several crypto novices that are confused about whether to invest in bitcoin or not. Bitcoin might be highly volatile in nature, but there are several reasons why bitcoin is worth investing resources in this year, as conferring the robust sources, the price of bitcoin will skyrocket in the next few years, and you might regret not investing in bitcoin earlier. Below mentioned are some of the reasons that why you should invest in bitcoin regardless of the volatility. Let’s have a look in-depth.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #SCAM #FBI

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://seekingalpha.com/article/4439163-the-cryptocurrency-market-is-changing-rapidly?utm_source=from.flipboard.com&utm_medium=referral

The Cryptocurrency Market Is Changing Rapidly

Cryptocurrency has slowly made the jump from being a fringe concept dominated by young tech enthusiasts to a viable alternative asset class held by many blue-blood U.S. institutions. This transition started slow but has recently picked up considerable steam.

The recent launch of Micro Bitcoin futures follows the success of the larger contract, which has grown tenfold in less than five years.

Despite its recent decline, ether continues to grow as a percentage of crypto market share, confirming that there is room for more than one dominant coin.

https://money.usnews.com/investing/cryptocurrency/articles/what-is-proof-of-stake-and-why-is-ethereum-adopting-it

What Is Proof-of-Stake, and Why Is Ethereum Adopting It?

The price of Bitcoin has dropped by around half since its peak. More speculative projects, such as Dogecoin, have fallen even further. While this may be discouraging to day traders and fast money types, for longer-term investors, there are exciting developments in cryptocurrency.

For one thing, the drive continues toward more exchange-listed funds and trusts in the sector. There's also a key debate in a technical area: Is the future of cryptocurrencies found in proof-of-stake protocols?

https://futurism.com/the-byte/ancient-bitcoin-awakened

A CACHE OF ANCIENT BITCOIN, POSSIBLY MINED BY SATOSHI, JUST AWAKENED

Over $21 million worth of Bitcoin were just moved out of a dormant wallet — which, intriguingly, was opened shortly after the pseudonymous Satoshi Nakamoto created the cryptocurrency over a decade ago.

Blockchain trackers at Whale Alert noticed the dormant address coming alive again. The mysterious Bitcoin wallet spent some time mining crypto back in 2011 and 2012, but has been lying dormant ever since.

https://ambcrypto.com/this-early-year-interest-can-still-push-ethereums-price-to-new-levels/

This early-year interest can still push Ethereum’s price to new levels

NFTs or Non-Fungible Tokens took the entire industry by storm when Beeple sold an NFT for $69 million in March 2021. With the bull run predominantly active at that time, Mike Winkelmann or Beeple claimed that he had identified NFTs as the next chapter in art history. However, the buzz has somewhat fizzled out over the past couple of months.

With Bitcoin and Ethereum free-falling alongside the rest of the market, NFTs are not being talked about anymore at the moment, and we are again possibly in a pre-NFT existence market. That is only half correct though.

https://www.forbes.com/sites/billybambrough/2021/07/14/the-fbi-has-issued-a-serious-bitcoin-and-crypto-alert-warning/

Warning: The FBI Has Issued A Serious Bitcoin And Crypto Alert

Soaring bitcoin and cryptocurrency prices this year, making crypto a more-than-$1 trillion market, have attracted a wave of cyber criminals.

Bitcoin-demanding ransomware attacks and social media-based crypto scams have become commonplace as a sudden influx of new users pour billions of dollars into digital assets (subscribe now to Forbes' CryptoAsset & Blockchain Advisor to get ahead of the market).

Now, the Federal Bureau of Investigation (FBI) has warned bitcoin and cryptocurrency buyers, exchanges and payment platforms over the growing threat of criminals looking to steal bitcoin and crypto-assets.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations