Cryptocurrency

[AtW]

“TSB crypto ban for 5.4m customers over fraud fears

Bank will block transfers of cash to crypto-trading platforms to protect customers from scammers

Bank TSB is set to ban more than 5m customers from buying cryptocurrencies amid fears over “excessively high” fraud rates on trading platforms.

The company, which has 5.4m customers, is the latest British bank to crack down on financial cyber-crime following temporary moves by Barclays, Monzo and Starling to block transfers of cash to cryptocurrency trading platforms such as Binance in recent weeks.

It is understood that TSB will look to block crypto purchases where it spots fraudulent abuse of trading platforms and that a ban will be introduced within weeks.”

https://www.telegraph.co.uk/business...s-fraud-fears/

[AtW]

“The hashrate in China is dropping significantly as Bitcoin mines are being closed, Jonathan Cheesman, head of over-the-counter and institutional sales at crypto-derivatives exchange FTX wrote in an email Saturday, citing reports on Twitter from handle @bigmagicdao.
Cheesman also mentioned the death cross, which occurs when the 50-day moving average drops below the 200-day, but noted that “backtesting isn’t statistically significant” on the signal for Bitcoin. When the coin experienced a death cross in March 2020, for instance, that was at the start of a yearlong rally.“

https://www.bloomberg.com/news/artic...&sref=o1Dqf087

[AtW]

“China steps up crackdown on bitcoin mining industry

Intervention is latest by global authorities to toughen scrutiny of sprawling market

China’s latest intervention places further pressure on what was once one of the world’s most vibrant markets for trading and mining digital currencies. It comes at a time when many governments are scrutinising the industry’s effect on the environment and determining the types of financial oversight that should be applied to cryptocurrencies.

Earlier this month, global regulators called for digital currencies to carry the toughest bank capital rules of any asset, with the Basel Committee on Banking Supervision warning that the growing use of crypto assets “has the potential to raise financial stability concerns”.

A wave of despair hit China’s cryptocurrency mining community this week after officials in all of China’s hubs for mining operations followed Inner Mongolia and released further measures targeting bitcoin creators. The northern region had banned mining and introduced a telephone hotline for reporting on suspected operations in May.”

https://www.ft.com/content/7526f514-...e-beb061f5cc52

Finally a steady stream of positive news about tulipcoins!

[DealorNoDeal]

Yes, I noticed the death cross over the weekend. It's not foolproof but, on most past occasions, it has signalled further bearishness.

https://bitcoincharts.com/charts/bit...a2gSMAzm2g50zl

[d000hg]

I'm just going to write a trading bot. I'll sit back and let the millions roll in. You heard it here first.

[DealorNoDeal]

Scooter's prediction, back in late April, that BTC would go up from $50k to $75k has worked an absolute treat for anyone who took the cue to short the heck out of it.

BTC has now fallen below $30k.

I tell you that man is an absolute (negative) genius.

[AtW]

DOOM

Is the alt-coin market about to crash 65% ??


https://www.tradingview.com/chart/TO...t-to-crash-65/

[_V_]

DOOM

Is the alt-coin market about to crash 65% ??


https://www.tradingview.com/chart/TO...t-to-crash-65/

Anyone remember 2018?

[AtW]

Will buy a dozen of main tulipcoins for a fiver.

[AtW]

It's below 30k USD now, at what point would bankers start jumping out of windows?

$20k? $10k? $5k? $500k?