Friday, July 30, 2021

“Satoshi” wright loses Billions in BTC, FINMA approves crypto banks, MACD predicts a bear trap: Crypto In-Shorts

The Takeaway:

27 August 2019. Are you tired of scouring the web for the latest crypto-updates? Enter the world of Crypto In-shorts on Chaintimes and find all you need!

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Crypto bulletin

The self-professed Satoshi, Craig Wright, has lost half of his bitcoins to the Kleiman estate, according to a court ruling. Accused of fraudulently seizing more than 300,000 bitcoin from David Klieman, Wright is expected to pay over 500,000 bitcoins as it is half of what he owned prior to Klieman’s death.

Let’s hope that the Klieman’s don’t liquidate the judgment’s reimbursement immediately.

FINMA issues the world’s first crypto-focused banking licenses to SEBA and Sygnum. Switzerland has pioneered in blockchain and crypto adoption and is breaking new grounds with the introduction of fully functional crypto banks.

Bitcoin Price

Current Bitcoin Price – $10,172.80

Bitcoin opened at a price of $10,126.30. The fluctuations drove it to the lowest value of $10,126.30 and the highest value of $10,512.33 in 24 hours. Bitcoin closed at $10,370.82 and saw an increase of 2.41% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 47.67%.

Ethereum Price

Current Ethereum Price – $188.01

Ethereum opened at $186.74. The fluctuations drove it to the lowest value of $186.74 and the highest value of $193.44 in 24 hours. Ethereum closed at $188.93 and saw an increase of 1.17% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 86.49%.

Cardano Price

Current Cardano Price – $0.048857

Cardano opened at $0.049454. The fluctuations drove it to the lowest value of $0.048893 and the highest value of $0.050944 in 24 hours. Cardano closed at $0.049697 and saw an increase of 0.49% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.16%.

 

Bitcoin Market Cap

The day ended with $182,305,667,867 for the Bitcoin Market Cap.

Ethereum Market cap

The day ended with $20,059,777,878 for the Ethereum Market Cap.

Cardano Market cap

The day ended with $1,273,992,779 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $15,640,690,179

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $6,366,545,911

Cardano Trading Volume

The 24-hour trading volume of Cardano – $58,903,980

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 147,932 ETH ($27,867,370) transferred from an Unknown wallet to another Unknown wallet. Transaction ID: 0x5180fdfd756ef75fbddc4ec30758ff4543007ade4fefbce1dde93a159a1865ec
  2. 1,001 BTC ($10,171,219) transferred from Okex to an Unknown wallet. Transaction ID: 766853cf9763b18575ec9f5ad77a4622f4d767b7266bdef274f1d65232763039
  3. 2,999,996 USDT ($3,017,708) transferred from Okex to Huobi. Transaction ID: 0d3a88717dd57725e740d7e1dc3a1bf25edce4315781d74283531384d8b34046

Crypto controversy

Redditors believe that the emergence of terror related FUDs have Bullish connotations

New yet tired bitcoin hit-piece from r/Bitcoin

Vietnam circumventing the ban on BTC

In Vietnam BTC Is banned but these honey badgers always find a way from Bitcoin

What to expect today?

The (MACD) Moving Average Conversion Divergence’s drop below zero predicts a BTC crash, but historically, this trend has led traders into a bear trap. Caution should be exercised before making any selling decisions as some analysts claim this low to precede a bull cycle.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Daniel Walker
Daniel Walker
Daniel is an experienced information technology analyst. He is a graduate from McGill University. When Daniel is not covering cryptocurrency and blockchain news, he loves talking to his dog.

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