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Everything We Know About The “Bitcoin 2021” Conference In Miami

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During the first few days of June, 4th and 5th to be exact, Miami will witness history. The “Bitcoin 2021” conference doesn’t only comes back with a vengeance after the 2020 cancelation, it’s one of the first massive post-COVID events that the world will see. All eyes are on them. Plus, it comes in the middle of an interrupted bull-run that has Bitcoin in everyone’s mouth for one reason or another.

In a recent episode of the What Bitcoin Did podcast, the CEO of BTC Media and organizer of the conference, David Bailey, told PeterMcCormack, “The founding fathers, when they were organizing the revolution and the yellow fever was around, they didn’t say: “ok, pack it up, boys. There’s yellow fever, we might get sick.” Strong words, but he didn’t stop there:

“A lot less people are going to die when Bitcoin takes over the monetary system than in the existing world that we’re having to live in. So, f*** the pandemic. Pandemics don’t stop revolutions.”

Even if you think otherwise, you have to admire the boldness.

What Will People Find At The “Bitcoin 2021” Conference?

If you don’t have your tickets already, if you aren’t on the way to Miami, chances are you’ll not attend this year. That’s alright. Let’s learn about what we’ll be missing. To describe it, David Bailey used poetry. “I’m hoping to occupy the mindspace of people who are coming to figure out what Bitcoin is all about, and they can’t forget what they saw at this conference.

Related Reading | Get Educated On Binance Smart Chain: Decentralized Or Centralized?

Apparently, there’ll be sumo wrestlers and UFC world champions walking around, holding their belts. Tony Hawk will speak and do his thing on a halfpipe, plus they’re selling an exclusive Bitcoin-themed skateboard only to people that attend Hawk’s meet and greet. There’ll be a basketball tournament, a Bitcoin art gallery, and an eSports arena with Lighting based arcade games and more than 1 BTC in prizes. In fact, “Everything is Lighting enabled at the conference,” said Bailey.

BTCUSDT price chart for 05/18/2021 - TradingView

BTC price chart on FTX | Source: BTC/USDT on TradingView.com

Weird, wild stuff in “Bitcoin 2021”

There’s the possibility of a helicopter throwing money, a real-life airdrop. And there’ll be a selfie both described as the “cash is trash selfie dumpster,” that’ll be a literal dumpster stuffed full of Venezuelan Fiat currency. You’ll be able to take home all of the bills you want. 

Plus, there’s the possibility of Floyd Mayweather asking that his salary for the Logan Paul fight to be paid completely in Bitcoin. That is not fully confirmed, though. And Bailey warns: 

“We have some surprises in this conference that I can’t talk about on any podcast in advance. The Department of Justice will try to stop it. We have some special guests that are going to be participating or joining us that I think will melt people faces off.”

As for the practical stats, “Bitcoin 2021” will host more than 10.000 attendees, more than 150 speakers, and at least 1000 companies.

Controversy and Bitcoin Maximalism 

The biggest controversy this year involved Chamath Palihapitiya. The noted billionaire and Social Capital’s CEO was originally announced as a speaker. He was heavily criticized by the Bitcoin community because of his recent tweets on taxation and his involvement in the infamous BitClout platform. After that, the “Bitcoin 2021” conference announced that he’s not speaking anymore. There’s more to the story, though.

In the mentioned podcast, Bailey clarifies, “Our goal is not Bitcoin purity. Our goal is Hiperbitcoinization.” According to him, Ark Invest’s Catherine D. Wood, Anthony Scaramucci, and Chamath Palihapitiya confirmed their involvement back when the conference was going to take place in Los Angeles. When the organizers had to change it to Miami, they all wanted to do their respective talks virtually.

The organization declined, told them that if they didn’t come in person, they couldn’t participate this year. Apparently, Scaramucci agreed to come, Palihapitiya didn’t, and Wood is still undecided. And that’s the story. It wasn’t due to pressure from the maximalists, the self-proclaimed “plebs.”

Related Reading | 3 Biggest Takeaways for Bitcoin From Powell’s Press Conference

We’re Bitcoin only, we’re not Bitcoin Maximalists”, said Bailey

The organizer announced that “Bitcoin 2021” turned away more than $10M in sponsorships because the companies offering them didn’t have a Bitcoin product. And they rejected the CEO of one of the biggest investment banks in the world as a speaker because he didn’t have anything to say related to Bitcoin. In fact, if anyone was “actively running a Top100 project that’s trying to compete with Bitcoin” he or she wasn’t invited.

The only exception would’ve been the infamous Roger Ver. In the Swan Signal live show, Bailey said that they tried to get him as a speaker on the condition that he couldn’t talk about Bitcoin Cash, or even criticize Bitcoin Core. In the end, Ver declined but left the door open for next year.

As for the rules to qualify for participation, Bailey made it clear in the What Bitcoin Did podcast, “If you interact with the Bitcoin mainnet, if you interact with the Bitcoin protocol, we don’t care what you’re doing, we don’t care how you’re using it: You’re a Bitcoin company.

Confirmed panels and talks

This isn’t even on the site, but the “Bitcoin 2021” conference has announced the specifics of several talks through their Twitter. Among them:

  • “Supporting Innovation From Inside The System” with Chris Giancarlo and Brian Brooks.
  • “The Milk of Paradise: Bitcoin And The Western Canon” with Allen Farrington
  •  “Bitcoin Makes The Laws” with Teana Taylor, Jeff Horowitz, Hailey Lennon, and Marco Santori. The moderator will be Peter Van Valkenburgh.
  • “What To Do When Your Country Bans Bitcoin” with Alejandro Machado, Boaz Sobrado, Francis Pouliot, and Matt Odell. The moderator will be Hector Rosenkrans.
  • A fireside chat with Michael Saylor and Max Keiser. About this, Saylor tweeted: “My mission will be to convince Max Keiser to double-down on his commitment to Bitcoin. Any suggestions?”
  • “The History of Money” with Nick Szabo
  • “Giving Back To Bitcoin” with Mike Schmidt, Hong Fang, and Ben Price. The moderator will be Matt Odell.
  •  “Moral Case For Bitcoin” with Guy Hirsch, Jimmy Song, and Robert Breedlove. The moderator will be Guy Swann.

This is what we know so far. We’re sure there will be many, many more talks, chats, events, performances, and all-around craziness. Evidence of that is this growing list of satellite events that will surround “Bitcoin 2021,” the conference.

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Source: https://bitcoinist.com/everything-we-know-about-the-bitcoin-2021-conference-in-miami/?utm_source=rss&utm_medium=rss&utm_campaign=everything-we-know-about-the-bitcoin-2021-conference-in-miami

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Crypto Price Analysis & Overview June 25th: Bitcoin, Ethereum, Ripple, Cardano, and Polkadot

Republished by Plato

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This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red.

friday_cryptopost

Bitcoin

Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618 Fib Extension) on Monday.

On Tuesday, it took a brief dive beneath $30K for the first time since January 2021. It dropped as low as $28,800 before the buyers regrouped and quickly pushed BTC back higher. In total, BTC did not spend more than 3 hours beneath the $30k level.

Since rebounding above $30K, BTC created the first three consecutive bullish candles since the mid-May price capitulation. It did reach as high as $35,500 today. However, it was unable to close above resistance at $34,760 (downside 1.414 Fib Extension) and has since dropped.

Looking ahead, the first support lies at $33,520. This is followed by $32,465, $31,185 (downside 1.618 Fib Extension), and $30,000. Added support lies at $28,800, $27,750 (January 2021 lows), and $36,840 (downside 1.414 Fib Extension).

On the other side, if the buyers can climb above resistance at $34,760, the first resistance lies at $36,000 (20-day MA). This is followed by $38,000, $39,490 (early-June highs), $40,000 (50-day MA), and $42,000 (January 2021 highs).

btcusd-jun25
BTC/USD Daily Chart. Source: TradingView.

Ethereum

Ethereum fell by a very steep 201 over the week as it trades at $1888 – support provided by the 200-day MA and a .886 Fib. The cryptocurrency fell beneath $2200 on Monday and crashed into the $1888 support.

On the Tuesday spike lower, ETH dropped to $1710 but quickly rebounded to close the daily candle above the 200-day MA. Since then, ETH has been unable to reclaim the $2000 level and has returned to the 200-day MA.

Looking ahead, if the sellers break beneath the 200-day MA, the first support lies at $1710 (mid-March support). This is followed by $1625 (downside 1.272 Fib Extension), $1500, and $1425 (January 2021 highs).

On the other side, the first resistance lies at $2000. This is followed by $2160 (bearish .382 Fib), $2300 (bearish .5 Fib & 20-day MA), $2500 (100-day MA), and $2600.

ethusd-jun25
ETH/USD Daily Chart. Source: TradingView.

ETH is also in trouble against BTC after dropping from 0.063 BTC on Monday and heading beneath 0.06 BTC on Tuesday. It continued to run lower as it broke below support at 0.0569 BTC today.

It is currently trading at 0.056 BTC, but the bearish momentum is still likely to drag it lower in the coming days.

If the sellers push beneath 0.056 BTC, the first support lies at 0.0541 BTC (April 2018 lows & 100-day MA). This is followed by 0.0513 (downside 1.272 Fib Extension), 0.05 BTC, and 0.0473 BTC.

On the other side, the first strong resistance lies at 0.06 BTC. This is followed by 0.0628 BTC, 0.0648 BTC (20-day MA), and 0.068 BTC (50-day MA).

ethbtc-jun25
ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP fell by an even steeper 25% over the week. The cryptocurrency dropped from $0.781 resistance on Monday to reach $0.6.

It continued on Tuesday to hit the support at $0.55 provided by the 2019 highs and a long-term ascending trend line. It has since attempted to rebound but is struggling to make ground back above $0.7 as it now trades at $0.62.

Moving forward, the first strong support lies at $0.6. This is followed by $0.55 (2019 highs), $0.5, $0.478 (this week’s low), and $0.4.

On the other side, the first resistance lies between $0.7 and $0.72 (200-day MA). Above this, resistance is found at $0.781 (bearish .236 Fib), $0.8282 (2020 highs), $0.9, and $1.00.

xrpusd-jun25
XRP/USD Daily Chart. Source: TradingView.

Against bitcoin, XRP set a fresh three-month low this week as it broke beneath the 2200 SAT (100-day MA) support and plummeted beneath the July 2020 lows at 1900 SAT to reach 1760 SAT.

There, the support provided by the 200-day MA and a downside 1.618 Fib Extension allowed XRP to rebound. However, it is still struggling to sustain itself above 1900 SAT.

Looking ahead, the first strong resistance lies at 2000 SAT. This is followed by 2122 SAT (bearish .236 Fib), 2200 SAT (100-day & 20-day MA), and 2425 SAT (bearish .382 Fib).

On the other side, the first support lies at 1800 SAT. This is followed by 1660 SAT (200-day MA), 1550 SAT (November 2020 low), and 1365 SAT (.786 Fib).

xrpbtc-jun25
XRP/BTC Daily Chart. Source: TradingView.

Cardano

ADA dropped by a smaller 9% this week as it trades above $1.30. It had fallen from resistance at the 100-day MA around $1.42 on Monday and dropped as low as $1.00 on Tuesday.

There, it found support at the 200-day MA and quickly recovered back above $1.15 to close the daily candle. Since then, ADA pushed higher but was unable to break the 100-day MA yesterday. It is currently testing a descending trend line that dates back to the May peaks.

Looking ahead, the first resistance lies at $1.42 – provided by the falling trend line, the 20-day MA, and the 100-day MA. This is followed by $1.52 (bearish .382 Fib), $1.60 (50-day MA), and $1.71 (bearish .5 Fib).

On the other side, the first support lies at $1.120. This is followed by $1.15, $1.10, and $1.00 (200-day MA).

adausd-jun25
ADA/USD Daily Chart. Source: TradingView.

ADA is pretty neutral against BTC this week. It did drop beneath support at 3820 SAT (.382 Fib) on Monday and fell as low as 3440 SAT (.5 Fib) on Tuesday. However, the bulls regrouped and allowed the daily candle to close above 3540 SAT (downside 1.272 Fib Extension).

From there, it has pushed back above the 3820 SAT support but is struggling to make ground beyond 4000 SAT.

Looking ahead, the first resistance lies at 4000 SAT (20-day & 50-day MA). This is followed by 4200 SAT, 4400 SAT, 4570 SAT (1.414 Fib Extension), and 4900 SAT (1.618 Fib Extension & June highs).

On the other side, the first support lies at 3820 SAT (.382 Fib). This is followed by 3540 SAT (downside 1.414 Fib Extension), 3440 SAT (.5 Fib), 3200 SAT (100-day MA), and 3060 SAT (.618 Fib).

adabtc-jun25
ADA/BTC Daily Chart. Source: TradingView.

Polkadot

DOT is down by 32% this week as it trades around $15. The coin fell from above $20 on Monday to reach $13 on Tuesday. The buyers did manage to defend support around $14, provided by a .786 Fib Retracement.

Unfortunately, the bulls have been unable to push much past $17 since rebounding, and the market is looking like it will head lower again.

If the sellers push lower, the first support lies at $14 (.786 Fib). This is followed by $13, $10 (.886 Fib), and $6.90 (Sep 2020 highs).

On the other side, the first resistance lies at $17. This is followed by $20 (20-day MA), $22.5, and $25 (200-day MA).

dotusd-jun25
DOT/USD Daily Chart. Source: TradingView.

Dot is also struggling against BTC this week as it dropped beneath the 200-day MA around 54,500 SAT and continued lower to meet support at 45,000 SAT on Tuesday.

Since then, the market has moved sideways, unable to really push higher again.

Looking ahead, the first support beneath 45,000 SAT lies at 44,000 SAT (May lows). This is followed by 40,600 SAT, 40,000 SAT, and 35,770 SAT (.786 Fib).

On the other side, the first strong resistance lies at 50,000 SAT. This is followed by 52,700 SAT, 55,000 SAT (200-day & 20-day MA), and 60,000 SAT.

dotbtc-jun25
DOT/BTC Daily Chart. Source: TradingView.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


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Source: https://cryptopotato.com/crypto-price-analysis-overview-june-25th-bitcoin-ethereum-ripple-cardano-and-polkadot/

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MEHH Token Offering Scalable Digital Payment Solution to Merchants

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[PRESS RELEASE – Please Read Disclaimer]

Scalable solution, a blockchain company enabling cryptocurrency payments for merchants to receive or send instant payments.

Cryptocurrency is becoming a next-generation payment choice among merchants and customers. Every day, more and more people are using connected devices to make payments. The adoption of digital currency is not limited to laptops but also reaches across the industry like tablets, phones, IoT devices, and smartwatches.

The demand for digital tokens is rapidly increasing. Amalgamate of innovative and secure digital payment mode will help merchants to stay ahead in the game.

Merchants can now take advantage of MEHH Token to expand their horizons and grow their user base around the world. Just with a single integration, now merchants can add MEHH tokens to their existing application or exchange platform.

Value Proposition for Merchants and Customers

MEHH Token is built on a decentralized Ethereum Blockchain Technology. Its permissionless network allows merchants to accept digital payments. Our token delivers the following value proposition to owners:

Merchants:

  • Revise quick payment in MEHH token
  • Reduce the risk of the data breach
  • Foster customer trust
  • No debt and high liquidity
  • Low free and fast transaction speed

Customers:

  • Easy access to make payments
  • Offers smooth payment experiences
  • Secure transactions
  • Convenient to move, exchange, or withdraw
  • Extremely Low free and fast transaction speed

Our mission is to support the vision of enabling digital payments for merchants and customers. By allowing each partner to receive and send payment across the network, the MEHH token ensures instant transfer and safe transaction. We designed these capabilities to redefine the way merchants send or receive payments and transform the Fintech industry by developing a platform that makes a positive impact.

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Source: https://cryptopotato.com/mehh-token-offering-scalable-digital-payment-solution-to-merchants/

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Bitcoin Cash: Is another drawdown likely?

Republished by Plato

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

Bitcoin Cash suffered a major setback after its price declined by 80% from its 12 May swing high of $1,642. An additional 50% drop dragged it below its 19 May swing low of $470, but BCH finally cushioned its losses at $390. Broader market relief over the last couple of days pushed BCH north of $470 once again, but the price was still in a sensitive position, at the time of writing.

Bitcoin Cash 4-hour chart

Source: BCH/USD, TradingView

A fall below BCH’s 19 May swing low of $470 had pushed the price towards $390 – A level last seen in late January. Having recovered from monthly lows on the back of broader market recovery, the 4-hour 20-SMA flipped bullish once again but the formation of an up-channel meant that bulls must be wary of another breakdown.

Reasoning

While BCH did break below the key level of $470, the region stole the spotlight once again. The 20-SMA and lower trendline of BCH’s down-channel both clashed with the aforementioned support level. Moreover, the Visible Range’s Point of Control lay at this very mark as interest for BCH was at its peak at $470 over the stated timeframe.

However, a look at BCH’s indicators pointed to some downside over the coming sessions. The Relative Strength Index failed to breach 50 as weakness persisted in the market. The MACD line closed in on the Signal line while its histogram noted receding bullish momentum.

The Stochastic RSI even indicated overbought conditions and headed back towards the neutral zone. If bulls fail to hold on to the press time-support, the price could drop towards its 28 February swing low of $430, where some stability can be expected.

Levels to watch out for 

Entry: $468

Take-profit: $430

Stop-loss: $500

Risk/reward: 1.19x

Conclusion 

Bitcoin Cash’s indicators noted some bearishness in the market and the price can move south from its press time value. This might open up a short opportunity for traders. Entry can be set just below Visible Range’s POC at $469, and take profit at its 28 February swing low of $430.


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Source: https://ambcrypto.com/bitcoin-cash-is-another-drawdown-likely

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