Bitcoin Falls Back To USD10,000 As Worldwide Inflation Crisis Began!

 

Key points:

• U.S. stocks plunge, but some bounce off lows; Nasdaq down ~3.8%
• All major S&P 500 sectors red: cons disc down most
• Dollar, crude rise; gold falls; bitcoin swoons ~11%
• U.S. 10-Year Treasury yield jumps to ~3.35%

The bitcoin price has struggled since the first few months of 2022 as central bank monetary tightening squeezes assets across the board. The Fed is widely expected to hike rates by 50 basis points - the biggest rate increase in 22 years—in order to temper soaring inflation.

Now, a veteran trader has warned the bitcoin price could fall as low as $28,000, down $10,000 per bitcoin from its current price. 

Why is crypto crashing today? Cryptocurrency markets have crashed to a new low of this year today. The global market cap has shrunk to $1.02 trillion from $1.10 trillion recorded yesterday. The global cryptocurrency market cap has fallen by around $1 trillion this year while almost every top coin is now worth half or even less than their all-time highs.

The immediate trigger for the crypto crash appears to be a massive sell-off by investors amid heightened inflation fears. Investors are also continuing to stay away from riskier assets, which is reflecting in the stock markets as well.

Bitcoin, the biggest and most popular cryptocurrency, has fallen to $25,586 while almost all altcoins, starting from Ethereum, are bleeding prices since weekend.

"I still believe crypto is the most optimal hedge against these macroeconomic issues which is why institutional interest in the industry has only continued to grow,"

"Both venture capital funding and fund deployments into crypto are soaring at one of the fastest levels since the inception of #bitcoin."

Southeast Asia's Grab to offer mapping services to other firms in search for profit

 

Grab Holdings Ltd (GRAB) said on Wednesday it would offer its in-house mapping and location-based services to businesses, as Southeast Asia's No. 1 ride-hailing and food delivery firm chases profits.

GrabMaps, an internal mapping service used by the Singapore-based firm's drivers and delivery partners, is being pitched to businesses seeking hyper-local location solutions in the densely populated Southeast Asian countries.

Grab, which operates in eight countries in the region and had nearly 31 million active monthly users as of March 31, is looking to cash in on the mapping sector in Southeast Asia, expected to be worth $1 billion by 2025.

Indonesian ride-hailing and payments firm GoTo Gojek Tokopedia (GOTO) is Grab's biggest competitor, followed by Singapore-based e-commerce, gaming and digital payments firm Sea Ltd (SE).

The loss-making company, which has spent money on promotional offers and driver incentives, has said it expects reopening of offices and resumption in travel to drive a rebound in its rideshare and food delivery businesses. 

Jun 8, 2022, 18:23 - Reuters

 

US Regulator Investigate Binance BNB Token Probe By U.S. Money Laundering and Tax

 

June 6, 2022 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is investigating whether crypto exchange Binance Holdings Ltd’s initial coin offering in 2017 broke the agency’s rules, Bloomberg reported, citing people familiar with the matter.

SEC investigators are examining if the offering of BNB token amounted to the sale of a security that should have been registered with the agency, the report here said on Monday.

The investigation adds to the troubles for Binance, one of the world’s largest crypto exchange, which is already plagued by legal issues and controversies.

Spokespersons for SEC and Binance did not immediately respond to Reuters requests for comments. (Reporting by Leroy Leo in Bengaluru)

 

The U.S. Securities and Exchange Commission (SEC) is examining whether Binance’s initial coin offering of its Binance coin (BNB) token in 2017 was an unregistered security offering that should have been registered with the regulatory agency, Bloomberg reported Monday, citing confidential sources.

• Without commenting on the details of the reported probe, a spokesperson for Binance told CoinDesk via email, "As the industry has grown at a rapid pace, we have been working very diligently to educate and assist law enforcement and regulators in the U.S. and internationally, while also adhering to new guidelines. We will continue to meet all requirements set by regulators."
   
  • BNB was trading down 4% after news of the report came out.
  • Binance is currently under investigation in the U.S. by the Justice Department, the Commodity Futures Trading Commission (CFTC) and the Internal Revenue Service. Binance is the world’s biggest crypto exchange and says it’s not domiciled in any one country.
  • The SEC is also investigating market-making companies owned or partially owned by Binance CEO Changpeng Zhao that do business with Binance.US, a U.S.-based affiliate of the global exchange, according to a person familiar with the review, Bloomberg reported.
  • According to the report, one of the SEC’s focuses is on whether Binance.US is wholly independent of the global exchange and whether employees may be involved in insider trading.
  • An SEC spokesperson declined to comment on the existence of any possible probe.

   

 

U.S. could soon approve a futures-based bitcoin exchange fund.

 

One or a group of large bitcoin buyers, also called bitcoin whales, appeared to be behind Wednesday’s price pop, based on data that showed large bitcoin purchases on exchanges during early U.S. trading hours.

But why the whale – or whales – placed bitcoin buying orders of nearly $1.6 billion in a few minutes on a centralized exchange remains unclear.

At press time, bitcoin was changing hands at $54,938.47, up 7.89% in the past 24 hours, according to CoinDesk 20.

According to South Korea-based blockchain data firm CryptoQuant, someone or a group of people purchased the massive amount of bitcoin on the spot market on centralized exchanges between 13:11 and 13:16 UTC Wednesday.

The timing of the purchase came not long after U.S. Republicans shared favorable comments on cryptocurrencies and amid increased expectations from markets that the U.S. could soon approve a futures-based bitcoin exchange fund.

The purchase could have started on Coinbase, Ki Young Ju, co-founder and CEO of CryptoQuant told CoinDesk. He pointed out that “Coinbase premium” rose sharply around the same time before it dropped again.

One or a group of large bitcoin buyers, also called bitcoin whales, appeared to be behind Wednesday’s price pop, based on data that showed large bitcoin purchases on exchanges during early U.S. trading hours.

But why the whale – or whales – placed bitcoin buying orders of nearly $1.6 billion in a few minutes on a centralized exchange remains unclear.

At press time, bitcoin was changing hands at $54,938.47, up 7.89% in the past 24 hours, according to CoinDesk 20.

According to South Korea-based blockchain data firm CryptoQuant, someone or a group of people purchased the massive amount of bitcoin on the spot market on centralized exchanges between 13:11 and 13:16 UTC Wednesday.

The timing of the purchase came not long after U.S. Republicans shared favorable comments on cryptocurrencies and amid increased expectations from markets that the U.S. could soon approve a futures-based bitcoin exchange fund.

The purchase could have started on Coinbase, Ki Young Ju, co-founder and CEO of CryptoQuant told CoinDesk. He pointed out that “Coinbase premium” rose sharply around the same time before it dropped again.

The “Coinbase premium” is an indicator showing the gap between Coinbase’s BTC/U.S. dollar (USD) pair and Binance’s BTC/USDT pair involving the tether stablecoin. When the number increases, it usually reflects stronger buying power on Coinbase, the centralized exchange.

Sources: https://finance.yahoo.com/news/bitcoin-price-rally-fueled-whales-201820117.html

Bitcoin may tumbled below $30,000 in 2021

Bitcoin tumbled below the US$40,000 mark on Wednesday to a three-and-a-half-month low and dragged down the prices of other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.

Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it as low as US$38,514, for a nine per cent fall. 

The cryptocurrency has tumbled nearly 40 per cent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.

 

Source: https://globalnews.ca and CNA 24/7 Breaking news

What is Shiba Inu, Dogelon Mars and Akita Inu?

What Is SHIBA INU (SHIB)?

Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.

According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.
Who Are the Founders of SHIBA INU?

The SHIBA INU WoofPaper has three reasons why their team created SHIB:

  “We started from zero, with zero.”
  “The brilliant minds behind Shib had never collaborated before.”
  “We love Shiba Inu Dogs.”

What Makes SHIBA INU Unique?

The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market.

SHIBA INU ($0.000016) has also created a campaign using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association. It has a circulating supply of 394,796,000,000,000 SHIB coins and the max. supply is not available. https://shibatoken.com/

What Is DOGELON MARS (ELON)?

As you may know, I have dedicated my life to ensuring that humanity becomes a multi-planetary species. This involves work on four front: interplanetary flight, terraforming the planet, sending settlers, and creating an interplanetary currency. I am excited to announce today the launch of our forefront in our mission to Mars. The first interplanetary currency: Dogelon.

Technically, it is is a fork of Dogecoin, in the same sense that a knife is a fork of a spoon. I have named it after the capital city of Mars: Dogelon (pronounced Dog-a-lon, not Doge Elon because that would be arrogant). The ticker is Dogelon (ELON) ($0.000007), which should help prevent any confusion. I am launching this currency today, in anticipation of bringing the first settlers to Mars, for a very specific reason: To help people take the trip with me. A lot of good people have hopes of one day reaching the Moon.

In my opinion, of course, this is a very low aspiration. We want to reach Mars and beyond. However, many of those good people are rugged, or buy scam tokens that can't be sold. For this reason, the Dogelon community pledges to send tokens over time to victims of rugs and scams, so that the worst day of their trading life can be turned into their best. And after some time, they will be able to join us on our regular flights to Mars. It has a circulating supply of 486,867,033,865,492 ELON coins and a max. supply of 1,000,000,000,000,000 ELON coins. https://dogelon.io/

 

What Is AKITA INU (AKITA)?
AKITA INU ($0.000001) is a meme-based and 100% decentralized community experiment with it claims that 1/2 the tokens have been sent to Vitalik Buterin and the other half were locked to a Uniswap pool and the keys burned. It is same as SHIBA INU but with different tokenmetrics. The circulating supply is not available and a max. supply of 100,000,000,000,000 AKITA coins. https://www.akitatoken.net/

Free faucets allow customers to get cryptocurrency for free.

Free faucets allow customers to get cryptocurrency for free. There is a set time interval and payment limits for each available currency.

 > Register Here <

 

Airdrop to New coin balances and get CET Token

CoinEx has opened trading, deposit and withdrawal of Hshare (HSR) and launched HSR/BCH & HSR/BTC trading pairs on June 1st, 2018 (UTC).

Introduction of Hshare

Official website: https://h.cash
Market Cap: https://coinmarketcap.com/currencies/hshare/

HSR Airdrop to CET balance

At UTC time 3:00 4th of June, 2018, CoinEx will take a snapshot of all user’s CET assets and give away 10,000 HSR among all CET holders, against the ratio = Your CET asset / Total CET asset in CoinEx.
The giveaway will only be available for ONE time. The more CET, the more FREE HSR.
Attention: Users with LESS than 1 CET asset are NOT qualified for the promotion.

Click [HERE] to Buy more CET NOW for FREE HSR

 MYTRADE FROM USD100 TO USD900 NOW AND SOON USD1000

LETS TRADE CET TOKEN OVER YOUR BITCOIN

Trusted Crypto Exchange

Modern service for accessing cryptocurrency exchange markets. You are provided with a comfortable, practical and profitable platform with which to work with cryptocurrencies – suitable for both beginners and experienced traders. Try it and you will quickly appreciate the advantages of this system.

A convenient and affordable service for purchasing and selling Litecoin, Bitcoin and other cryptocurrencies. Exchange, buy, sell, gamble on rates and earn – just like on conventional exchanges. Only here you are dealing with a new type of money – cryptocurrencies, and therefore you have more room to maneuver and higher potential profit.

What Are Bitcoins?

Digital currencies are on the rise and their popularity is fueled by a number of different factors.

• 1. Bitcoin is decentralized - no central bank.
• 2. Bitcoin is anonymous - all transactions are private.
• 3. Bitcoin is convenient and cheap - instant, low cost transactions with no debit/credit card or bank required.

The advantages of bitcoin are clear, but what exactly is a bitcoin?

 

What is a “Bitcoin”?

Bitcoin is often described as being like something in between gold and a dollar bill - it’s not quite a currency (no one’s printing it) and it has elements of gold (limited supply). It is called a ‘digital currency’ and it can only be created and stored online. There is no single entity that controls bitcoin, all transactions are made ‘peer to peer’ i.e. from one individual to another and all transactions are entirely anonymous.

Bitcoins are produced by several users running computer scripts all over the world; these scripts solve difficult mathematical problems and once solved, an amount of bitcoin is ‘released’. These mathematical problems ensure that transactions are anonymous and it also gives rise to the term ‘cryptocurrency’ which is often used to describe bitcoin.

Bitcoin is used to purchase products and services electronically, and there’s an increasing demand for bitcoin in markets where anonymity and security is crucial.

Bitcoin is Decentralized

The best way to describe a bitcoin transaction is to compare it with a typical ‘cash in hand’ transaction from many years ago. When an individual purchases an item from another individual with cash, there is no government record taken to know that this transaction ever existed. While all bitcoin transactions are monitored on the ‘block chain’, much like cash payments, there is no record of the individuals involved in the transaction.

Bitcoin does not run through a central bank and there is no ‘bank’ that controls money supply by printing or removing bitcoin from the market. Bitcoin is produced through these mathematical problems mentioned above and there is a limited supply that cannot be manipulated by anyone, anywhere in the world.

This lack of government or bank control means that seizures of bitcoin are theoretically impossible. The impact that Black Friday had on the poker community many years ago cannot be repeated if players deal with bitcoin.

 

Who Created Bitcoin?

Bitcoin was developed by a software developer known as ‘Satoshi Nakamoto’. Satoshi grew tired of the conventional means of processing payments and the fees that came with them, so his idea was to create a currency that was unlinked from “legal” currencies and the associated transaction fees. This isn’t to say that bitcoin is free from fees, but the fees on transactions are heavily reduced and are insignificant in comparison to what you might expect from a wire transfer or PayPal.

 

Who Owns Bitcoin?

No one owns bitcoin; the currency is held entirely on the Internet and there is no single person, business or government with control over its supply or the rules on how it can be used. Bitcoin is generated by a ‘pool’ of bitcoin ‘miners’ that run these mathematical problems to solve the blockchain and earn bitcoin. This network of miners is also the very same network responsible for processing the transactions that take place, meaning bitcoin is not only a currency, but a payment network as well.

Are There Unlimited Bitcoins?

Bitcoin is limited because the protocol that established the network is forcibly capped at releasing around 21 million bitcoins. However, this is 21 million ‘whole’ bitcoins. A single bitcoin can be divided into halves, quarters, tenths and still transacted - in fact, the smallest possible amount of bitcoin is called a ‘Satoshi’ and is 0.00000001 of 1 bitcoin. In this regard, there is plenty of bitcoin to go around.

 

Bitcoin Mining

Bitcoins deviate from the norm when compared with traditional currency. Traditional currencies were once based on the value of gold and silver. Consumers could then look to the price of gold and silver to get an understanding of what their currency was worth. But bitcoin shares none of these traits, and is based on mining and mathematical problems alone.

Users across the world are running software programs to solve the mathematical problems that produce bitcoin. The Bitcoin network has an estimated 100,000 active users at any given moment, which continues to grow on a daily basis as more and more ‘miners’ attempt to earn bitcoin.

 

5 Key Points to Remember About Bitcoin

Now that you have a good understanding of bitcoin, be sure to keep in mind these 5 key points when it comes to using the cryptocurrency:

• 1. Decentralized: there is no one central authority for bitcoin. Banks, governments and businesses cannot control transactions and are unable to seize funds from any bitcoin users.
• 2. Easy to use: once you’re familiar with bitcoin you will find it easy to use. Accounts can be set up in minutes while bank accounts can take months with various hoops to jump through. There are no questions and no fees to setting up a bitcoin wallet.
• 3. Anonymity: spend your money on what you want, when you want. Bitcoin is an anonymous way to transfer value through the Internet - go have fun!
• 4. Transparency: the blockchain publicly stores all transaction information for anyone to see, meaning that while transactions are anonymous, they are entirely transparent.
• 5. Free from fees: one of the most important wins for bitcoin is that the fees pale in comparison to a traditional money processor. Sending the equivalent of $0.01 through the Internet is now easy and makes microtransactions more accessible for everyone anywhere in the world.

Bitcoin : The Modern Day Gold Rush

Dear Friend,

You might be already aware of this NEW digital currency known as BITCOIN, you might have heard it from the news, or even from your friends... and you’ve even heard about some of the stories being told about overnight millionaires that seem rather surreal.

But I am here to grab you by your Shirt’s collar and say this..

‘Listen Up Pal!... Wake up! It’s all real... the question is... what are you DOING right now to take advantage of this?’

SO...if you are curious on how you too can rake a piece of this PROFITABLE Pie,

..then read on...

 

First of all, let me fill you in with some crazy facts as an attempt to reel you in and get you to understand the magnitude of the phenomenon that we are experiencing at this very moment.

Bitcoin price was around $10 at about a year ago... But today it’s worth $600 or more per coin and It was at an all-time high of $1250 per coin.

Only 21million Bitcoins will ever exist in this world... which means it value will keep going up as it becomes more ‘rare’ in the future.

Lamborghini now accepts BITCOIN for purchasing of their cars!

You can use BITCOIN to pay for your trip to SPACE! Courtesy of Virgin Galactic a company by Sir Richard Branson.

A Norwegian man bought $27 worth of Bitcoin in 2009, forgets about them... and founds out that it is worth over $850k!

Since the rise of BITCOIN, other cryptocurrencies have emerged and bloomed... and now their market worth is about $10 billion! (this number is growing everyday... are you in it yet?)

Bitcoin and cryptocurrencies cannot be controlled by the government, the people owns it!

... and so much more!

The growth in bitcoin is tremendous and undeniable, and so are other cryptocurrencies. There’s nothing that can stop this from steadily increasing. Yes, there might have been some setbacks here and there which causes the price to drop a little and then it will start to rise once again.

The true power and motivating factor here is that people ‘BELIEVE’ in this new found digital currency, and they know it’s the future. Each day the amount of people jumping on board this train is unbelievable... it’s no wonder why no one can actually stop this mad upward momentum.

Here’s the thing... getting started with Bitcoin isn’t always going to be a picture painted with flowers, butterflies and sunshine all the time.

In fact, this is the real deal and people are making money from it and there is without a doubt that there are a lot of people out there who are losing money as well.

That’s right...

...you 'can' actually lose money from this and you will definitely feel overwhelmed if you go into this blindly. And not only, that, many find themselves utterly lost and not knowing how to start and thus they will hesitated.

If you want to fast-track yourself and go from ZERO to HERO in just Days... raking in Bitcoins and pile up on other cryptocurrencies building inevitable wealth, there NO better way than following the safe and proven ways that are carefully presented within here...

That’s right, follow the exact roads paved by experienced Bitcoin Investors and learn the inside out of making money with cryptocurrencies. This guide will take you from knowing nothing about the game, and get you to acquire your first digital money and finally build a Bitcoin Empire of your own... all by following proven money making models that works.

You’ll be guided by a complete and easy to understand guide on Bitcoin and Cryptocurrencies –This effectively cuts down on your learning curve and confusion and gives you a competitive edge against other new Bitcoin investors.

Discover the 3 Main methods that are being used to make money right now - includes both FREE and PAID Methods. Note: Free methods are usually slower but have less risk on you... while Paid methods can speed things up for you dramatically.

Carefully documented and organized guide complete with Illustration ensures that you can understand a complex subject easily. This isn’t just a Bitcoin Guide... it’s about Cryptocurrencies in general as well.

Learn the 4 Trading strategies that experts use to trade between the cryptocurrencies and Bitcoin that can’t go wrong.

Acquire a Simple Quick Start Guide that clears all confusions, and get you laser focused to move into the earning stage.  No previous experience required.

... and so much more!

Listen... as in all powerful money making trends, you need to act fast before it’s too late. You need to jump in while the market is still hot and fresh to ensure that you become one of the pioneers in the game.

Now the Bitcoin World is still in its BABY stage and thus this makes it the perfect time for you to go in while things are starting to stabilize and get ready for the next wave... because when it hits... it’s going to hit really hard and if you are ready for it... you are going to make so much money, it’ll make other online money making methods look irrelevant (and pointless).

That’s right, Imagine, just taking one of the FREE methods from our Bitcoin RUSH guide and acquire yourself 0.01 amounts of Bitcoin and at the end of this year... it could be worth 10x or even 50x more than your investment today!

My Bitcoin & Ethereum Mining

How Bitcoin Mining Works?

Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. 

More info: www.bitcoinmining.com

The Era of Digital Gold

The Era of Digital Gold

For over 10,000 years, humans treated physical gold as the ultimate store of value. Countless nations and currencies rose and fell, but gold remained because people valued the six properties that make it good money – scarcity, divisibility, portability, verifiability, recognizability, and fungibility.

In modern economies, fiat currencies have been brutalized by hyperinflation, war, and monetary reform, resulting in an average life expectancy of just 27 years. In an increasingly electronic financial system, digital currency offers investors an alternative: a scarce, global, apolitical, digital gold.

                                                                            28/3/2016