Recent news for Bitcoin:
The DOJ's recent recovery of the bitcoin stolen in the ransom of the Colonial Pipeline served as a bullish case for crypto. The fact that over 80% of the money taken by cybercriminals was recovered shows that it is not as difficult to track as we had it out to be. The US government's argument has always been that the decentralization and anonymity provided by crypto platforms is a major obstacle standing in the way of government endorsements. However, this recent discovery made by the DOJ helps to shed light on the digital market as a whole.
Cardano makes big moves:]
The rest of the altcoins tend to move in the same direction that bitcoin moves, and this tends to create many of the same trade setups in the market. Having that said, Cardano (ADA/USD) shows something promising on the fundamental side. Earlier this month, the coin and Nervos Network (CRB/USD) partnered on a project to what looks like a public network of cryptocurrency.
ETH 2.0 and Space Chain
Ethereum 2.0 is working to reduce blockchain energy consumption through proof-of-stake. They are also planning to send a beacon chain node in orbit to help reduce costs in the long run. Their plan is to maximize decentralization along with security. Zee Zheng, CEO of SpaceChain believes the future of crypto is literally among the stars as he plans to help take Ethereum 2.0 to outer space.
With markets beginning to a volatile start on Covid fears, by the end of the week markets seemed to calm down to a steady recovery. The CAD performed the best rising in recovery in risk, but also on rising oil prices. The Euro had the most notable event of the week due to the monetary […]
7/23/2021 This week, me and Nick caught a crazy move on the SPX500 that we are currently still in at the time of writing this. This one move has netted us around 1,500 pips in equity. We haven't closed, so this number will not be the same when the trade is over, but this article […]
Is it possible to flip an account in a short period of time? Yes, It is theoretically possible. Is it likely? Not really.Unfortunately, flipping a small amount of money in a short period is risky and usually won't go your way. While still possible, this method of trading is more like gambling than trading. Let's pretend you […]
7/22/2021 The past couple months haven't been too good for the crypto market, in fact, the market saw a $90 billion loss since May. If you have kept up with the activity on Elon Musk's account, you might have seen how the majority of his tweets about dogecoin or bitcoin have greatly influenced the price […]