Connect with us

Blockchain

Is Telcoin (TEL) Cryptocurrency a Bump and Dump?

Telcoin Cryptocurrency began its journey in the market with a disorderly aim in its mind, which at that time was clearly not considered distinct.

Published

on

Table of Contents

Rate this post

Telcoin cryptocurrency began its journey with a disorderly aim in its mind, which was at that time definitely not considered distinct. The crews behind the development of different altcoins have visions of altering some of the aspects of the world. However, that vision of making a change in the existing world has often been marinated in misconceptions and/or fantasies.

Talking about the main aim of the crypto asset, it is the settlement market, where the Western Union is presently the crystal clear spearheader. In addition to this, it should be noted that the crypto coin has recently entered a partnership with the international telecoms and Android money exchange platforms in order to provide their users with high-pace, relatively low-cost digital settlements to android money platforms and digital wallets.

The reader must know that what is more difficult here in the market is to dethrone the existing market leaders in the market, the ruling currencies, and coins. However, the fact that this coin has encountered major strides and implementations this year can not be ignored at any cost. 

If we count on the gains of the cryptocurrency from the beginning of this year, the crypto coin has managed to soar around 30,000%, and even though it is a huge return, this rise in the price of the crypto coin can be seen as an extremely regular figure from some new Initial Coin Offerings.

READ  Bitcoin Whales Shifts Million Dollar Worth Cryptocurrencies After Experiencing Drop-In Price

Moreover, in the case of this coin, it can be witnessed that this is not some upward rising due to marketing strategies that are being utilized to gain the interest of the investor, the coin has been around in the market since the year 2017.

What Is Driving the Telcoin Cryptocurrency 

Telcoin (TEL) is an ERC-20 token based on the Ethereum blockchain and is utilized in the telcoin ecosystem for making transactions on digital commerce websites. In the year 2017, Claude Eguinta and Paul Neuner co-founded the coin in order to assist their users in transferring money internationally in just a matter of seconds. 

Grasping the power of blockchain, the coin is striving to bring people in the evolving world a faster, low-cost surrogate to settlement services. In order to achieve its target, the company tries to build relationships with mobile companies and internationally established digital wallets that allow them to reach out to a wide user base with a service that does not require contact.

READ  China’s Crypto Crackdown Could be Good for the Market: Analysis

In addition to this, it should be noted that the crypto coin has not been a big beneficiary of the several surges in the market. What is going to help Telcoin Cryptocurrency achieve its aim is the recently released advancement that will be allowing the institutions to connect consumers to allow DeFi into the equation.

Moreover, the firm has recently announced a settlement service that will be helping with the conveying of funds between the Philippines and Canada. These projects are definitely of those kinds that can really assist in propelling the coin into mass adoption. Besides, witnessing history has never been an easy task.

How to Purchase Telcoin

Moving further with the article and discussing how to purchase Telcoin Cryptocurrency, the reader should be aware of the fact that the coin has been on various exchanges for a while now. 

The interested buyer will be having a choice between different platforms such as Uniswap, Kucoin, and Balancer, which has ultimately made it really straightforward to invest in the crypto coin for a while.

Security Factor of Telcoin

As seen in the reports released by different market aggregators, people have been searching for queries like Tel bump or dump, telcoin bump or dump, in their search boxes. Definitely, before moving further one should be able to get his hands on the details, rumors, data, and information that is circulating in the market.

READ  Craig Wright Sues Bitcoin Developers, Calvin Ayre Releases Statement

As the Telcoin Cryptocurrency makes use of the PoC model, there are no authenticators present on the network to validate the dealings on the network.

However, in order to attain better and advanced security levels, the coin enacts multi-signature crypto security.

As of now, the banks are forecasted to remain controlling the crypto market. Also, the competition is gradually increasing.

In addition to all the details mentioned above, it should be noted that the team has recently announced its addition to a decentralized exchange named QuickSwap. Moreover, the news of the QuickSwap listing did play a vital role in drifting up the value of the coin.

This is because the operations of the exchange are done on the Polygon protocol which does have a lower charge.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/is-telcoin-tel-cryptocurrency-a-bump-and-dump

Blockchain

Institutions Are Purchasing Bitcoin, Politicians Need More Crypto Education: Novogratz

According to Galaxy Digital CEO Michael Novogratz, crypto such as Bitcoin has recovered because institutions are purchasing.

Published

on

Table of Contents

Rate this post

According to Galaxy Digital CEO Michael Novogratz, crypto such as Bitcoin has recovered because institutions are showing great interest in them. 

In response to U.S. Senator Elizabeth Warren’s anti-crypto position, he remarked, “We need to do a lot better job traveling to D.C. to educate politicians.”

Novogratz Says Institutions Are Purchasing Bitcoin

The CEO of Galaxy Digital, Mike Novogratz, stated his viewpoint on bitcoin in a CNBC interview on Wednesday. 

He was asked about the recent Bitcoin price activity and what seems to be pushing the cryptocurrency’s price back to the $40,000 mark. The pro-bitcoin executive responded, saying:

“Because institutions are purchasing, cryptocurrency has recovered.”

As an example, he mentioned the FTX exchange. The exchange just secured $900 million in funding from more than 60 investors, valuing the firm at $18 billion. 

Softbank Group Corp., Sequoia Capital, private equity behemoth Thoma Bravo, Daniel Loeb’s Third Point, the Paul Tudor Jones family, and British hedge fund manager Alan Howard were among the investors.

He rejected the notion that the price increase was caused by reports that Amazon may accept bitcoin payments.

He emphasized that institutions are some of the world’s best investors, and they are investing in the crypto sector, saying:

“That signaled to the whole crypto market that this isn’t going away.”

“This was partially a massive short-covering rally, but it was also an awareness that this is a legitimate market that isn’t going away,” said Galaxy Digital CEO.

Novogratz Thinks Politicians Need More Crypto Education

Mike Novogratz was also questioned about the cryptocurrency regulation. Also, what it might look like in the United States, particularly in light of Senator Elizabeth Warren’s warnings.

Moreover, Warren’s caution about the volatility of Bitcoin’s price puts ordinary investors and companies who take Bitcoin at risk. Furthermore, she said that those who utilize Bitcoin as a form of payment are criminals.

In response to Senator Warren’s statements on cryptocurrency, Galaxy Digital CEO Novogratz said:

“It was a letdown. She was arrogant. She was smug. She was quite dissatisfied since she had not completed any job. This is cutting-edge technology. She’s supposed to be a liberal.”

“Crypto is on the hunt for rent takers. Consider DeFi [decentralized finance]. Consider the NFT [non-fungible token] revolution. It will give artists and creators more control over the individuals who used to make money off their backs. So, extremely upsetting and disappointing,” he added.

It just informs us… We need to do a lot better job of traveling to Washington, D.C. and educating [politicians].

On Tuesday, Novogratz Replies to Warren’s Anti-Cryptocurrency Position On Twitter

“Banks charged $12 billion in overdraft fees, tens of millions in ATM fees, and tens of millions in checking account costs. 

However, you continue to pursue crypto, where saving and money transfer are a fraction of what banks provide. Senator Warren, you did an excellent job. “You don’t appear to be very progressive to me,” Novogratz tweeted, adding:

We would not have had the mortgage crisis if banks had the openness of DeFi processes. DeFi will prevail because it is superior.

“Atomic settling. Bearer assets are assets that are held by the bearer. Composability. Transparency. All that remains is to prepare for the impending KYC. “We must educate our politicians,” he said.

READ  Hedge Funds Expect to Hold $312B in Digital Currencies by 2026: Survey

#Anti-cryptocurrency stance #Bitcoin #Cryptocurrency Regulation #DeFi #Elizabeth Warren #Galaxy Digital Mike Novogratz

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cryptoknowmics.com/news/institutions-are-purchasing-bitcoin-politicians-need-more-crypto-education-novogratz

Continue Reading

Blockchain

RUNE Technical Analysis: Look Out for the Second and Third Resistance Levels of $5.29 and $5.75

RUNE has tested and broken out of the 23.6% FIB retracement level of $4.82. It may further break out of the 23.6% FIB extension level of $5.38. Thus, as of now, the bulls are strong. The price uptrend is likely to continue tomorrow as well.

Published

on

Table of Contents

Rate this post

Thorchain is a 100% autonomous and decentralized liquidity protocol. It facilitates users to make crypto deposits and provides liquidity through yield farming. Users can also execute swap transactions on the Thorchain platform using web and desktop interfaces. RUNE is the native token of this ecosystem. Let us look at the technical analysis of RUNE.

Past Performance

On Jul 22, 2021, RUNE opened at $4.30. On Jul 28, 2021, RUNE closed at $4.66. Thus, in the past week, the price has increased by roughly 8%. In the last 24 hours, RUNE has traded between $3.90-$5.10.

https://d229noksprj98s.cloudfront.net/wp-content/uploads/2021/07/rune-technical-analysis-look-out-for-the-second-and-third-resistance-levels-of-5-29-and-5-75.png

https://zephyrnet.com/wp-content/uploads/2021/07/rune-technical-analysis-look-out-for-the-second-and-third-resistance-levels-of-5-29-and-5-75.png

Day-Ahead and Tomorrow

Currently, RUNE is trading at $5.09. The price has increased from the day’s opening price of $4.66. Thus, the market seems bullish.

READ  THORChain Price Prediction 2021-2025: Is RUNE Set to Reach $5 by 2021?

The MACD and signal lines are positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to rise further.

Currently, the RSI indicator is at 62%. It faced rejection at 55% and rose to the current level. Hence, buying pressures are high. High buying activity will exert upward pressure on the RUNE price.

However, the OBV indicator is upward sloping. Thus, buying volumes are higher than selling volumes. Hence, the price may rise further.

In short, all three indicators have given bullish signals. Hence, the price is most likely to rise.

RUNE Technical Analysis

Currently, the price is above the first Fibonacci pivot resistance level of $5.01. The price may soon surpass the second and third resistance levels of $5.29 and $5.75, respectively.

READ  Report: Facebook Plans Cryptocurrency Payment Network akin to Bitcoin and XRP

The price has tested and broken out of the 23.6% FIB retracement level of $4.82. It may further break out of the 23.6% FIB extension level of $5.38. Thus, as of now, the bulls are strong. The price uptrend is likely to continue tomorrow as well.

#RUNE #Thorchain

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cryptoknowmics.com/news/rune-technical-analysis-look-out-for-the-second-and-third-resistance-levels-of-5-29-and-5-75

Continue Reading

Blockchain

Bitcoin Needs Rules That Allow Innovation: Sen Cynthia Lummis

In an interview with Fox News show “Varney & Co”, Republican senator and longtime Bitcoin advocate Cynthia Lummis shared her views on crypto regulation.

Published

on

Table of Contents

Rate this post

In an interview with Fox News show “Varney & Co”, Republican senator and longtime Bitcoin advocate Cynthia Lummis shared her views on crypto regulation. Shortly after, the politician linked the interview to a tweet, where she asserted that massive government spending in the pandemic has accelerated the adoption of digital assets.

Cynthia Lummis Demands a Regulatory Sandbox for Bitcoin

During her cable TV appearance, Lummis emphasized that any regulations for cryptocurrencies should be accompanied by “good solid definitions.” She said that the end result of this process should be a “regulatory sandbox” that allows innovation to continue. 

The senator also expressed her own interest in Bitcoin as a store of value and highlighted that regulators must ensure that the currency remains instrumental for this purpose. But she pointed out that if the US were to approach the flagship crypto as a legal tender, like El Salvador, then the asset must comply with the bank secrecy act and anti-money laundering laws. 

“We want to make sure that it is used legitimately and that it can be ferreted out when it’s used nefariously,” she said.

Lummis also outlined her support for the crypto miners banned by China transitioning to the country. “We wanna make sure that these miners coming to the US from China…can come to places like Pennsylvania, Texas, Wyoming, and elsewhere. Where they can get the energy to mine it and then once it’s produced that it can be on the blockchain in a way that enhances the non-fiat currency advantages that cryptocurrency has,” she told Fox host Stuart Varney.

Government Spending Leading to a “Flight to Digital Assets”

Unlike some Bitcoin maximalists who favor “hyperbitcoinization”, senator Lummis is a strong supporter of the USD as a reserve currency. Following her television interview, she posted a tweet alleging that government spending has “debased” the dollar and hastened the adoption of virtual currencies. She also suggested that this is the worst way to push people towards digital assets.

According to senator Lummis, the government must limit its spending to protect the status of the dollar. She stated:

“I want USD to continue as the world’s reserve currency. We need to reign in spending & support financial innovation on US soil.” 

READ  Cryptocurrency Adoption: Countries on the Positive Side of History, and Those that Are Resistant

#Bitcoin regulation #Crypto regulation #Cynthia Lummis #Fox News

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cryptoknowmics.com/news/bitcoin-needs-rules-that-allow-innovation-sen-cynthia-lummis

Continue Reading

Blockchain

Bitcoin Needs Rules That Allow Innovation: Sen Cynthia Lummis

In an interview with Fox News show “Varney & Co”, Republican senator and longtime Bitcoin advocate Cynthia Lummis shared her views on crypto regulation.

Published

on

Table of Contents

Rate this post

In an interview with Fox News show “Varney & Co”, Republican senator and longtime Bitcoin advocate Cynthia Lummis shared her views on crypto regulation. Shortly after, the politician linked the interview to a tweet, where she asserted that massive government spending in the pandemic has accelerated the adoption of digital assets.

Cynthia Lummis Demands a Regulatory Sandbox for Bitcoin

During her cable TV appearance, Lummis emphasized that any regulations for cryptocurrencies should be accompanied by “good solid definitions.” She said that the end result of this process should be a “regulatory sandbox” that allows innovation to continue. 

The senator also expressed her own interest in Bitcoin as a store of value and highlighted that regulators must ensure that the currency remains instrumental for this purpose. But she pointed out that if the US were to approach the flagship crypto as a legal tender, like El Salvador, then the asset must comply with the bank secrecy act and anti-money laundering laws. 

“We want to make sure that it is used legitimately and that it can be ferreted out when it’s used nefariously,” she said.

Lummis also outlined her support for the crypto miners banned by China transitioning to the country. “We wanna make sure that these miners coming to the US from China…can come to places like Pennsylvania, Texas, Wyoming, and elsewhere. Where they can get the energy to mine it and then once it’s produced that it can be on the blockchain in a way that enhances the non-fiat currency advantages that cryptocurrency has,” she told Fox host Stuart Varney.

Government Spending Leading to a “Flight to Digital Assets”

Unlike some Bitcoin maximalists who favor “hyperbitcoinization”, senator Lummis is a strong supporter of the USD as a reserve currency. Following her television interview, she posted a tweet alleging that government spending has “debased” the dollar and hastened the adoption of virtual currencies. She also suggested that this is the worst way to push people towards digital assets.

According to senator Lummis, the government must limit its spending to protect the status of the dollar. She stated:

“I want USD to continue as the world’s reserve currency. We need to reign in spending & support financial innovation on US soil.” 

READ  Facebook Libra Inspires a Wave of New Online Scams

#Bitcoin regulation #Crypto regulation #Cynthia Lummis #Fox News

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cryptoknowmics.com/news/bitcoin-needs-rules-that-allow-innovation-sen-cynthia-lummis

Continue Reading
AI6 hours ago

Why Machine Vision Matters to Your Business

Investing15 hours ago

How do you use top stock signals as a beginner?

AR/VR1 day ago

nDreams Opens Studio Orbital Focusing on Live Service Games for VR

Energy1 day ago

Save money, stay cool as heat wave hits the Carolinas

Energy1 day ago

The Shaw Group Partners with Clough in the U.S. to Deliver Pipe Fabrication for Gulf Coast Petrochemical Project

Energy1 day ago

Fermentation Chemicals Market Procurement Intelligence Report with COVID-19 Impact Analysis | SpendEdge

Energy1 day ago

ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month

AR/VR1 day ago

Carrier Command 2 VR August Launch Date Confirmed

AR/VR1 day ago

Review: Winds & Leaves

Gaming1 day ago

Destruction AllStars Developer Delays Season 2, Releases New Patch

Gaming1 day ago

Crimson Desert Delayed to Unknown Date

Blockchain1 day ago

Institutions Are Purchasing Bitcoin, Politicians Need More Crypto Education: Novogratz

Gaming1 day ago

Resident Evil Village and Monster Hunter Rise Drive Record Q1 Profits for Capcom

Gaming1 day ago

Resident Evil Village and Monster Hunter Rise Drive Record Q1 Profits for Capcom

Blockchain1 day ago

RUNE Technical Analysis: Look Out for the Second and Third Resistance Levels of $5.29 and $5.75

CNBC1 day ago

Louis Vuitton is making a mobile game with embedded NFTs

Gaming1 day ago

Blacktail Interview – Story, Combat, Morality, and More

Gaming1 day ago

Blacktail Interview – Story, Combat, Morality, and More

Gaming1 day ago

Blacktail Interview – Story, Combat, Morality, and More

Gaming1 day ago

F1 2021 Update Re-enables Ray-Tracing on PS5

Gaming1 day ago

F1 2021 Update Re-enables Ray-Tracing on PS5

Gaming1 day ago

F1 2021 Update Re-enables Ray-Tracing on PS5

Private Equity1 day ago

Recently-created asset management major Blue Owl closes Opportunistic Fund with $2.5bn of firepower

Blockchain1 day ago

Bitcoin Needs Rules That Allow Innovation: Sen Cynthia Lummis

Blockchain1 day ago

Bitcoin Needs Rules That Allow Innovation: Sen Cynthia Lummis

Gaming1 day ago

PS5 – M.2 SSD Expansion Support Coming in Next Software Update

Gaming1 day ago

PS5 – M.2 SSD Expansion Support Coming in Next Software Update

Gaming1 day ago

PS5 – M.2 SSD Expansion Support Coming in Next Software Update

Aviation1 day ago

Alitalia Cargo lifts 1 million vaccine doses from Italy to El Salvador

CNBC1 day ago

Rocket Lab launches US Space Force satellite after its failed mission in May

Trending