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Investors Walk Extra Miles to Keep Bitcoin Price Above $10000

Bitcoin Price Pump

Bitcoin Price Maintains above the $10000 mark  After a two-day continuous dip, Bitcoin price viewed a slight increase, forming a new support level at $10200 for the intraday trading. However, the usual support remains below $10000 at $9900.  Despite the decline, the crypto space seems to be assertive with the Bitcoin bull rally very soon. …

The post Investors Walk Extra Miles to Keep Bitcoin Price Above $10000 appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.

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Bitcoin Price Maintains above the $10000 mark 

After a two-day continuous dip, Bitcoin price viewed a slight increase, forming a new support level at $10200 for the intraday trading. However, the usual support remains below $10000 at $9900. 

Despite the decline, the crypto space seems to be assertive with the Bitcoin bull rally very soon. A full-time trader, Crypto Micheal still believes not only Bitcoin but the whole crypto space is bullish in coming years. “Dips are a gift” says Micheal.

Considering the current scenario, there are two possible conditions to be tested for Bitcoin for the short term relief. Firstly, it needs to hold above the short-term support level of $10200. It could surge to form new support levels at $10,600 – $10,800 and probably hit $11000 soon.

On the contrary, if BTC fails to maintain $10k support level, the price could dip below the $9900. The new support level could be near $9,600, however, it could again bounce back as the buying pressure accumulates at the dip. And the price tends to increase with the rise in buying pressure.

Therefore, the coming one or two days could be very important for the crypto to determine its pump or dump. 

Also Read: Very Big Bitcoin Whale All Set to Come and Bitcoin to Hit $500K Soon

Investors Try hard to maintain BTC Price above $10k

With the dip approaching beyond $10000, the investors and the traders jumped into action to prevent the further decline. Currently, the support levels are registered below $10000 and if Bitcoin price does not pump up, it may slip down further.

However, the traders probably the whales grabbed the opportunity to buy at the dip and accelerate the uptrend. One of the influencers Lark Davis highlighted the same.

In yet another layout, the US Presidential elections are in the cards. And according to Josh Rager, founder of Blockroots.com President Trump would like to be in good braces by not letting the stocks market to dump. Therefore this could be a good signal for the Bitcoin and whole crypto space.

Collectively, investors are trying hard to uplift the digital asset with soaring prices. Also, they have been viewed as the immune system of Bitcoin. Therefore, in the coming days, it’s important to view the Bitcoin price support as it could foretell the possible uptrend or downtrend.

What support level will Bitcoin form in the coming days? Tag us with your predictions.

Source: https://coinpedia.org/news/investors-walk-extra-miles-to-maintain-bitcoin-price/

Blockchain

Maiar, The Money App Powered By The Elrond Blockchain, Adds Bitcoin

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[PRESS RELEASE – Valletta, Malta, 17th June 2021]

Elrond Network, the developers of the eponymous internet-scale blockchain protocol, today announced the full integration of Bitcoin into their non-custodial digital wallet app Maiar.

With deep care for the user, elegant design, and an intuitive interface, Maiar enables any phone user to get a working non-custodial blockchain wallet in seconds.

Its intuitive simplicity allows everyone to store, earn, and pay using cryptocurrencies using @herotags – unique usernames that obviate the need to use complex address strings 1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1 and instead use something like @satoshi.

“Bitcoin has carved a path for highly secure cryptocurrencies with strong store of value properties to become accepted in traditional finance, irrevocably establishing the digital asset class. Its addition to Maiar will accelerate the adoption of our money app and the underlying Elrond blockchain infrastructure.” said Beniamin Mincu, Elrond Network CEO.

Existing Maiar users will have the pleasure of discovering that they have always had a Bitcoin address attached to their @herotag. It has been part of the onboarding process, when a newly created Elrond Network smart account gets a @herotag, an eGold address, and BTC, ETH, and BNB addresses as well.

The Bitcoin integration is the latest evolution of the money app Maiar, whose rapid global adoption has accelerated beyond the 400,000 user mark in just 4 months since debuting in the top app marketplaces globally. It is available on iOS and Android phones, in 6 languages including English, Spanish, French, German, Romanian, and Indonesian.

https://maiar.com/

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

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Source: https://cryptopotato.com/maiar-the-money-app-powered-by-the-elrond-blockchain-adds-bitcoin/

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Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …

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Our Man in Shanghai has refused to let recent regulations slow down the news coming from China. Enterprise blockchain, central bank digital currencies and start up projects continue to make a positive impact in a region hoping to grow economic value through technology.

Death march for El Salvador

The debate around El Salvador continued this week as media and officials tried to digest the adoption of Bitcoin as a national currency. JPMorgan stated that there was little economic benefit, and John Hopkins University professor Steve Hanke warned that the move could “completely collapse the economy” of the small nation. The former Bank of China deputy governor Wang Yongli took a very hardline approach, by stating that volatility and a lack of regulation or controls would put the economy on a “road to death.” This quote, appearing in state run media The Paper June 9, was an unusually direct and colorful statement on the issue.

Crypto innovation can be productive

Zhou Xiaoquan, a former governor of the People’s Bank of China, had a few positive things to say about cryptocurrency as a technology on June 11. He spoke at an economic summit in Shanghai and noted the cryptocurrency innovation in China can be productive when it serves the real economy. He also took some shots at other countries, stating that people would be mistaken if they thought other countries were taking the same approach towards building financial services. Zhou, who is one of the most often-quoted economists in the country, felt there was little emphasis on the relationship between financial services and economic value elsewhere in the world. Based on the wild displays at the Miami Bitcoin conference a few weeks ago, his position might be more sound than others would care to admit.

Paid in e-CNY

China’s e-CNY tests continued with the first reported mass payment of salaries in Xiong’an, a district near the capital Beijing. According to Cointelegraph, the pilot received support from a number of national banks and saw subcontractors paying workers their salaries from a digital wallet.

Industrial blockchain worth $22.6B

On June 3, a government organization issued a report entitled the China Industrial Blockchain Development Status and Trend Report. According to the report, in 2020, 222 industrial blockchain policies were issued, 12,059 new blockchain-related patent applications were approved, and 776 new blockchain enterprises were established. The report also claimed that the current market size of the industrial blockchain sector was around $22.6 billion U.S. dollars. Industrial blockchain is an area that China is eager to grab control in, leading to this explosive growth in recent years.

Only 5X the fun

Leading exchange Huobi surprised futures traders by limiting them to only 5x leverage on perpetual swaps and blocking new users from accessing the feature altogether. Futures trading, particularly highly-leveraged futures trading, had always been popular features on exchanges like OKEx and Huobi. It will be interesting to see whether these new decisions to limit risk will be damaging to these large exchanges that still somewhat adhere to regulator rules. It’s also possible that it’s a short-term solution in order to avoid scrutiny during periods of tighter control.

Futures of Singapore

While Huobi was tightening controls on futures traders, Singapore-based platform SynFutures was completing a Series A for $14 million. The round was led by Polychain Capital and included names like Framework Capital, Pantera Capital, Bybit, Kronos Research, WOO Ventures, Wintermute, and IOSG Ventures. SynFutures is creating a trustless derivatives market where users can take positions on assets or anything that has an accurate feed, including Bitcoin, the price of gold, or even the Bitcoin hashrate. What many people don’t know is that the SynFutures team is composed of members from Matrixport, a financial service app that was an offshoot of massive Chinese mining conglomerate Bitmain. Now you know the whole story!

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

Shanghai Man: Economist says El Salvador ’on road to death’, salaries paid in e-CNY …

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Source: https://blockchainconsultants.io/shanghai-man-economist-says-el-salvador-on-road-to-death-salaries-paid-in-e-cny/?utm_source=rss&utm_medium=rss&utm_campaign=shanghai-man-economist-says-el-salvador-on-road-to-death-salaries-paid-in-e-cny

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CoinFlip Installs Its First Three Bitcoin ATMs in Alaska

The company aims to install four more ATMs in the state by the end of the summer.

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CoinFlip, a leading Bitcoin ATM provider, announced that it had expanded its operations to Alaska, United States, by deploying three Bitcoin ATMs on Thursday. According to the company, it has also planned to install three additional Bitcoin ATMs by the end of this year’s summer in the state.

With the new machines installed in Anchorage, users will not only be able to buy Bitcoins (BTC) but Dogecoin (DOGE), Ethereum (ETH), and six other cryptocurrencies with 24/7 customer support. The locations are Anchorage Wine House at Minnesota, Anchorage Wine House at Huffman, and Anchorage Wine House at Jewel Lake. With the installation of the ATMs in Alaska, CoinFlip now has over 2,500 machines installed in 47 of the 50 states in the US.

About the announcement, Ben Weiss, CoinFlip CEO, commented: “We’re excited to bring CoinFlip ATMs to Alaska this month. It has been our mission to help build financial wealth through inclusive financial systems so that anyone interested in investing can participate. We look forward to connecting Alaskans with our award-winning customer service to make Bitcoin and other cryptocurrencies more accessible to the local community.”

Other Companies Installing Bitcoin ATMs in the US

Another company joined the bandwagon of deploying Bitcoin ATMs in more US states. Finance Magnates reported in April that Coinme expanded operations in the state of Florida with the installation of more than 300 Bitcoin-enabled Coinstar kiosks.

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The Bitcoin cash machines have been strategically installed inside grocery chains like Winn Dixie, Fresco y Mas, and Harveys across small towns and big cities. The company aimed to bring Bitcoin purchasing facilities to the local groceries of the Florida residents.

Coinme is one of the major Bitcoin ATM operators in the United States, with around 6,000 Coinstar kiosks installed in supermarkets across 45 states.

According to CoinATMRadar metrics, United States has 18,936 Bitcoin ATMs, becoming the leader globally, followed by Canada with 1,526, and the United Kingdom with 196.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/cryptocurrency/news/coinflip-installs-its-first-three-bitcoin-atms-in-alaska/

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