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The Trillion Dollar Club


Did you see that coming? Because I did not see that coming.

Last time we talked I was in absolute disbelief that bitcoin had smashed through its 2017 all-time high, posting a new record at US$23k.

Well, if that was absolute disbelief, then you can imagine my response to

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Did you see that coming? Because I did not see that coming.

Last time we talked I was in absolute disbelief that bitcoin had smashed through its 2017 all-time high, posting a new record at US$23k.

Well, if that was absolute disbelief, then you can imagine my response to the last three weeks of price action, which culminated not only in the bitcoin price crossing $50,000 (briefly making it the seventh most valuable asset in the world), but the entire cryptocurrency market cap reaching one TRILLION American dollars. With a T. Trillion.

And if you can’t imagine, well, here’s an artist’s impression.

Merry Christmas, ya filthy animals

Thing is, it’s not even like I’m looking at what happened and thinking “classic bitcoin, pumping for no reason”. Every day of the festive period it seemed like we got a new, even more bullish piece of news, as if we were living through some frankly erotic crypto fantasy version of the 12 Days of Christmas.

You had giant (and not in any way high-risk) insurers and investment funds announcing their new hundred million dollar stakes in bitcoin. Hedge fund One River Digital conducted one of the single biggest transactions crypto has ever seen. MicroStrategy bought another US$650 million dollars worth of bitcoin using investors’ money; Morgan Stanley now owns 10% of the company. And all throughout bitcoin kept on flowing off exchanges and into cold storage, indicating that these new investors were here for the long haul.
Right now, companies, funds and ultra-high net worth individuals account for around 6% of the entire bitcoin supply. It was 2% a few months ago.

And the alts?

Look, things did look a little dark when the SEC sued Ripple for being an unregistered security and American exchanges started dropping it like it was one of Donald Trump’s social media accounts. But then Ethereum blasted back over US$1000 and alts of every stripe followed. The boom was overdue, but it certainly wasn’t hindered by the US Treasury OCC announcing that banks were now allowed to hold, use and transact with stablecoins and blockchain-based systems.

A few days later, the entire market crescendoed, crossing the US$1 trillion benchmark and making crypto roughly as valuable as Apple or Amazon. Which is really quite impressive for a total scam lol.

Best come correct

Of course, things have stumbled since then. As euphoria overtook the market, most coins shed 20-30% of their value in 24 hours. These sorts of corrections can be horrifying to watch, but are both necessary and, in this case, frankly overdue. As a general rule, assets of bitcoin’s size and liquidity shouldn’t double in a fortnight.

But even after the drop, bitcoin was still trading around 75% higher than it was before Christmas. And if you’re looking at those sorts of gains, the temptation to sell out can be almost overwhelming. It all just seems so unlikely that the price could ever go any higher. Best lock in what you’ve got and count yourself lucky.

Well, here’s something to consider. If you invested $1 in bitcoin in July 2010, you’d have $800,000 now. All you needed was a little patience. Or another way to put it: the bitcoin price now is roughly equivalent to bitcoin hitting $2000 in 2017 after first crossing the 2013 all-time high. And, well, it did another 10x from there.
There will come a time when selling makes sense, but with institutional money flooding in, coins heading into cold storage and a retail wave that isn’t anywhere near where it was in 2017, we reckon the crypto story is just getting started.

Source: https://blog.coinjar.com/the-trillion-dollar-club/

Blockchain

Which crypto exchange platform is faster, coin transfer or Godex?

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The coin transfer exchange works in a semi-automatic mode. The exchange takes place from morning to evening with the participation of the operator. All switching processes are carried out with the help of a support person. This way of working has its advantages.
A lot of people these days use automatic exchanges because it’s quick and easy. However, a semi-automatic service offers the possibility of a safe change.
This option is particularly recommended for beginners who do not yet know how to correctly fill in the fields in trades, how to find out the amount of the commission and when to complete the operation.
Most important steps in currency exchange
The change works in 3 steps:

Step 1: Select a currency pair to swap in the cryptocurrency converter. Check the box that you agree to the tariff, service fees, and fees for the cryptocurrency network.
• Step 2: Fill out the exchange form and check the entered data, as in most cases cryptocurrency transactions cannot be canceled.
• Step 3: Send the amount specified in the application to the address provided by the exchange operator and receive the cryptocurrency on your wallet within 5-30 minutes.
Cointransfer has been active since 2016 and offers 219 currency pairs.
The swap board has over 1,760 reviews, most of which are positive. If you have already changed the currency on this service, you can leave your feedback and add to the collection of comments on this exchange service.
Godex
The Godex crypto exchange is an excellent example of a website that allows you to exchange one type of cryptocurrency for another online. Dynamic price changes, complete absence of transaction limits (the transaction time can increase with large amounts), a clear user interface – everything is done here to ensure that investors feel comfortable. There is also a dedicated affiliate loyalty program so you can get a quick entry into the cryptocurrency market. It is time to look into the subject of such an investment.
You should understand right away that it is impossible to completely eliminate the risks involved in buying a cryptocurrency. Even most stable coins can lead to a complete loss of the money invested; even if the likelihood of such a course of events is extremely low. Only after you have considered all the advantages and disadvantages of each model, familiarized yourself with the market indicators over a period of time and analyzed the opinions of experts, should you make an informed decision.
When you are ready to buy cryptocurrency, you should do so strictly in accordance with certain rules. Investments need to be planned and made wisely. Creating a wallet with an address is necessary and does not take much time. You can buy the cryptocurrency you are interested in after registering with a specialized exchange – just select a popular currency to buy. After buying, many advise transferring the coins to offline storage to eliminate the possibility of hacking and theft of investments. By investing in one with a view to market capitalization, the risks of a currency can be significantly reduced. The three cryptocurrencies that currently meet these requirements are:
Bitcoin;
Ethereum;
Litecoin.
Godex.io currently serves thousands of customers with over 10,000 transactions daily. So if you are looking to swap one coin for another, you should try Godex.io and enjoy fast transactions at good exchange rates.

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Maker Hits a New All-Time High Close to the $5,000 Mark

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Maker is the first Ethereum-based smart contract system to launch an automated cryptocurrency lending platform. 

Maker provides the first decentralized basic stable currency Dai (which can be compared and analyzed as the U.S. dollar on Ethereum) and a derivative financial system, promoting the prosperity of decentralized finance (DeFi).

Dai is issued through a full mortgage guarantee of digital assets. Since its launch in 2017, Dai has always remained anchored to the U.S. dollar with a 1:1 ratio.

On April 19, members of the MakerDAO community began to vote on MIP45, a proposal aimed at upgrading the liquidation system of the Maker protocol and maintaining the stability of Dai pegged to the U.S. dollar.

If approved, the liquidation 2.0 system will provide higher security, predictability, and decentralization, and provide community members with more opportunities to participate in collateral auctions through Auction Keeper software and a more conventional interface. This will promote the participation of the Maker community and the entire DeFi department.

According to data from DeFi Pulse, Maker, the largest DeFi agreement with system collateral of $965 million, dominates 16.44% of the entire DeFi market.

The holders of the Maker (MKR) tokens of the project have received a 64.23% price increase reward in the past week. According to CoinMarketCap, Maker with a market cap of $4,817,105,553, ranks as the 30th largest cryptocurrency.

The token has grown nearly eight-fold since the beginning of this year, rising from $587 to $4,652,  It hit a record high of $4,995 today, breaking the $4,500 marks in one clean swoop.

Maker (MKR) Price Analysis

Source: MKR/USD 4-hour via TradingView

Judging from the 4-hour candlestick chart, MKR has successfully broken through its previous high of $4,118, and the rapidly expanding trading volume has resulted in $4,118 being flipped from a resistance to a support level.

The transaction price of MKR/USD is higher than the Exponential Moving Average (EMA) ribbon. Both the upward moving average and the bullish MACD index indicate that the bulls are currently dominating the market.

However, the Relative Strength Index stepping into the overbought zone is gradually levelling off, which suggests that MKR is encountering relatively strong selling pressure after touching its all-time high of $4,995 today. The MKR’s price will therefore experience a slight retracement, and it is likely to trade sideways for a period of time around $4,400-$4,600 before resuming its upward momentum.

If MKR’s price can stabilize above $4,200, then the upward trend of Maker may open a faster upward channel. As Maker hit a new high, this will mean that the altcoin will not encounter strong selling pressure on its way up. If the entire crypto market emerges from its current slump, it is highly likely that Maker breaks through $5,500 in the short term.

Conversely, a surge in the number of sell orders will push MKR below the $4118 support level and may trigger a more severe correction to the 20-day Exponential Moving Average of $3,795.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/analysis/maker-hits-new-all-time-high-close-5000-mark

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Bitkingz Casino Exclusive Bonus

Bitkingz casino is a crypto and fiat casino. The casino offers over 4000 casino games. Online… read more

The post Bitkingz Casino Exclusive Bonus appeared first on BitcoinChaser.

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Bitcoin Chaser – April 22, 2021

Bitkingz Casino Exclusive Bonus

Bitkingz casino is a crypto and fiat casino. The casino offers over 4000 casino games. Online slots are the most popular vertical, and you’ll find offerings from providers such as BGaming, Betsoft, Endorphina, Playtech, and Yggdrasil. 

Bitkingz has a mobile version available on most devices, and it is licensed and registered by the government of Curacao. Are you looking to get more bang for your buck? Well look no further! Head over to Bitkingz Casino for a BitcoinChaser exclusive promotion. 

Players will get 20 free spins on sign up to get them started. This red hot promotion is then followed by a 150% first deposit bonus up to €350 with 50 free spins!

Bitkingz offers 24/7 online support and a cast array of tournaments and promotions. Dive into Bitkingz Casino today and get the most out of your gambling experience! 

Want to learn more about Bitkingz? Check out our Bitkingz casino review.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinchaser.com/bitkingz-exclusive-bonus/

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Blockchain

RIT Capital Partners acquires a stake in crypto exchange Kraken.

According to the official announcement, RIT Capital Partners invested in the crypto exchange Kraken last month. The British investment firm described Kraken as one of the largest cryptocurrency exchanges worldwide, with more than 6 million clients. Kraken has seen a surge in cryptocurrency trading volumes during the last few months. The crypto exchange is also reportedly […]

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According to the official announcement, RIT Capital Partners invested in the crypto exchange Kraken last month. The British investment firm described Kraken as one of the largest cryptocurrency exchanges worldwide, with more than 6 million clients. Kraken has seen a surge in cryptocurrency trading volumes during the last few months. The crypto exchange is also reportedly planning to go public in 2022 through a direct listing.

“Kraken is currently in talks with investors about another round of fundraising.”

“Kraken is currently in talks with investors about another round of fundraising that could give it a valuation of $20bn. Talks have been held in discussions with Fidelity, Tribe Capital, and General Atlantic. Kraken CEO Jesse Powell said this is being delayed in order to evaluate how Coinbase’s IPO performs. Kraken has a strong balance sheet, and the company is not in a rush to raise capital,” the official announcement states. Kraken is not the only cryptocurrency exchange that is planning to go public for global expansion; several other crypto exchanges are eying IPO in the coming time. 

Coinbase went public via a direct listing on Nasdaq last week. 

The US-based crypto exchange went public last week and received a reference price of $250 for COIN shares. The shares of the crypto exchange touched an all-time high of approximately $420 on its debut but saw a correction later. COIN stock closed at $311 yesterday. As reported earlier, Coinbase CEO Brian Armstrong sold 749,999 COIN shares worth nearly $292 million last week. The US-based crypto exchange saw nearly $335 billion in trading volumes during the first three months of 2021. The crypto industry has garnered a lot of mainstream attraction in the last year or so. Coinbase getting listed on Nasdaq is being hailed as a major milestone for the crypto industry. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinnounce.com/rit-capital-partners-acquires-a-stake-in-crypto-exchange-kraken/

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