Get started

BAN

XMR Potential Ban of anonymous crypto projects !If you haven`t sold XMR here: Then i will remind you that Monero (XMR) has gained popularity for its capacity to enhance user anonymity, making transactions challenging to trace through the utilization of stealth addresses. However, this aligns with a goal that regulators do not necessarily support in the cryptocurrency space. A leaked version of a US draft bill has surfaced, suggesting the elimination of anonymous crypto projects. The proposal also mandates that DAOs, DeFi platforms, and exchanges register legally in the United States. This development indicates a potential shift towards greater regulation and oversight within the industry. My price target for XMR is $96.50. Looking forward to read your opinion about it!
XShort
by TopgOptions
🔥 China Banning Crypto FUD: Why You Shouldn't WorryAs of today, the Chinese central bank has announced that all crypto transactions are deemed illegal. Investors who have been in the crypto space for a while know that once in a while China announces that they are banning crypto (again). This FUD comes in once in a while and often sends the market down, but fails to make a lasting impact on the market. A quick google search has netted me a decent amount of times that China has banned crypto, see the chart. I'm sure that if you dig deeper you'll find many more occasions of China "banning" crypto. Feel free to share them below. What you can deduce from this graph and the corresponding news is that, in the long-term, China banning crypto has had no significant impact on the markets. As for today, it seems that the market is already rallying higher with many coins close to their opening prices of today. Happy trading!
INDEX:BTCUSDLong
by FieryTrading
20
✅CAN GOVERNMENTS BAN BITCOIN?🏛 CAN GOVERNMENTS BAN BITCOIN? The rise and rise of the payment means that are not under the government control has been a thorn in the butts of all governments for the last 3 or so years And as the price of bitcoin was storming the new heights during the lockdown rally the chatter of the need to ban/control/confiscate/tax were getting louder and louder The motivations of the governments for this move are just as transparent as they are despicable for us, the people. But before I dive into the analysis of the situation, which seems to be far away from butterflies and unicorns, I must reveal my bias, to avid being accused of being a crypto skeptic by the local mob of crypto bugs. I consider myself a libertarian, which means that I believe in Individualism, limited government, peace, tolerance, and free markets. That makes me a natural crypto enthusiast, as decentralized finance is a path to a freer more open society with the alternative to the fiat money issued by the governments, which might act as a check on their inflationary and spending appetites. I was an early fan of Bitcoin and I hold a crypto portfolio myself. Now, governments by definition don’t share libertarian values, thus whatever is seen as a benefit from the freedom-loving perspective is evil to the governments. And the lack of surveillance capabilities and the fact that crypto might compete with the precious fiat paper are the reasons why any government will seek to ban crypto at some point in the future. One more serious problem for the state is that crypto, thanks to its relative anonymity might allow people to avoid paying taxes, which causes ire among the officials. As always, reasons for the ban that will be cited to the public will have nothing to do with reality. Among those, is the need to clamp down on the black market, online drug sales, tax evasion might be mentioned as well and all that will be served under the sauce of protecting us, the little guys. Interestingly enough, the governments are racing to launch their own electronic currencies, because, just as one might design a coin to be untraceable, one might design it to be 100% traceable as well. In addition to that, if all of us have our bank accounts with the central bank , entirely new forms of previously impossible ways to control the people emerge. Central bank’s Electronic money can be restricted geographically, or in any other way, for example, banning you, personally, from buying burgers, because some bureaucrat thought that you are too fat, while feeding all the info about your speeding directly to the CB . All it will take to leave you penniless is turning off your account with the CB . Absolute control over the economy of the likes of which even the Soviets could not have dreamt of. But now that we arrived at the obvious conclusion that the governments have more than enough reason to go for a ban, let’s examine whether they have the means to do so and what will that do to the prices. And unfortunately, I happen to be quite pessimistic on this front. All it would take is a law banning crypto. Of course, If a small country bans Crypto it will affect neither its price nor its usability even for the country’s residents, however, if such a law is passed by the EU, or the USA, it's game over. You see, most of the technologies that changed our lives in the last 20 years have one thing in common, which is the network effect. The internet, social media, and online platforms such as Uber or Amazon, benefit from the fact that the more people use their service the more valuable the network is and hence even more people join in to use it, while the benefit for those already using It increases. The same goes for Crypto. In the last years, we’ve seen more and more companies starting to accept bitcoin as payment, while purchasing it got easier and easier. There are even Bitcoin ATMs where I live, that allow customers to buy and sell crypto for cash which is super convenient. The Bitcoin brand itself is probably worth more than 100 billion dollars, thanks to the fact that even the older people have heard about it by now. And all that was pushing the price higher, as the expectations of further growth justified 1 million dollars per Bitcoin in the not-so-distant future. However, if there is a major government such a the US that issues a blanket ban, all companies that accepted crypto will cease doing so immediately, and the crypto marketplaces and exchanges will cease to function and stop accepting payments from that jurisdiction. If it is the US that bans crypto, it would mean a de fact ban on using dollars to buy it, which would make this technology unusable for most of us. The state might take it a step further and make transacting in crypto, or even just holding it a criminal offense, which would reduce the number of people using it to the few shady cartels south of the border. The ban would also make mining impossible, and as we know mining not only creates now coins but is also essential for the functioning of the network. Without it, transactions would be impossible. Therefore, the user base will be limited by the mining capacity left in the world, drying up transaction fees making it even harder to use. Hedgefunds and those who are important to the system will be warned about the ban beforehand, so it will be us, the little guys who will lose our savings. The price will collapse as leveraged players will be trying to exit the asset, causing panic and a massive selloff. And for those who say that «this is impossible simply because this is impossible»(read, I still trust the government) let me remind you of how unceremoniously gold was essentially banned from using it as means of exchange by the US government with the gold confiscation act of 1933. The robbery of the century- something that was unimaginable and unheard of previously, was done peacefully with the stroke of a pen and everyone obeyed and traded in their gold for the Fed papers. And keep in mind that gold was far more widespread, used, and relied on that crypto now, which means that if the Ban of crypto came in today, there would be no mass riots on the streets. So, please, excuse my pessimism when I say that when not if the powerful nations of the world decide to ban our fancy shining coins of liberty, they will succeed. And I am of an opinion that this will happen sooner rather than later, because «they» can not let the whole thing get too big to fail. What I mean is that if the market cap of all the coins is 1-3 Trillion, they can handle the damage of wiping off this wealth. However, if it gets to 10-15 Trillion the consequences of the collapse might destabilize the system itself. In conclusion, as much as I don’t want this to happen, the ban is not only possible but highly likely and will come sooner rather than later, with the early birds of partial bans being India and China showing us the way. However, that does not mean that we can’t enjoy a couple more of the bullish waves making 100-300% and enriching ourselves hand over fist, which is why we’ve all gathered here, at the end of the day! Just jump off the train before the wheels fall off! Thanks to all who read the text with so many letters in it. I am expecting a fiery discussion in the comments!
BITSTAMP:BTCUSDLong
by ProSignalsFx
19
Binance: Coordinated Attack From The G7?Based on the mosaic theory, which is assembling recent pieces of information, it doesn't look good for Binance. First we had the US investigation in May. Second, we had the G7 meeting. Third this week end we are starting to see coordinated statements from countries such as Canada, Japan and the UK so far that Binance is running their business illegally. I would expect more FUD about this in the upcoming days. This could trigger a bank run on Binance, where people rush to get crypto out of the popular unregulated exchange. This could explain why Binance could fill the huge gap and sink alot more than other cryptos. I think people are downplaying that risk but it's still there nonetheless.
BINANCE:BNBUSDShort
by quantmaven
🔥 BAND Potential Bullish Triangle Break-OutBAND has seen a period of consolidation after (marginally) bettering the previous all time high around $18. Since then, it has seen some bullish price action with higher highs and higher lows. At this point, a bullish triangle is unfolding. Before entering this trade, wait till the price has closed above the top resistance of the triangle. Higher time frames provide more indicative power. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
21
Meeting with tech executives on Huawei ban at White House - NewsReported by Reuters White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th). Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said. The subject of Huawei was expected "to come up but that it is not the reason why they are convening the meeting," said the official, who spoke on condition of anonymity. The future of U.S. companies' ties to Huawei, the world's no. 1 maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns. One of the people briefed on Monday's meeting said Broadcom Inc was also invited to the White House event. Microsoft Corp was also expected to receive an invitation, the person said. ----------------------------------- *We could possibly see some volatility this week with this meeting.
NASDAQ:SOX
by dorfmanmaster
I Just Want Cheap Bitcoins ! FUDJust to prove BTC can still break ATHs in the future even if it goes down further than the "local" low of 2980.... Two scenarios 1) 2980 was just a local low -> most probably sell if it appears Bitcoin is having trouble with the 4xs "IF" gets there 2) 2980 was "the" low -> maybe sleep easy for the next coming week/month these bull runs do last some time between the days they start and finish.. I need that LTC bottom to make serious money; but probably can't get it at this rate. Lots of FUD is going to try to crash this ten get it at an even lower low then to buy and "compound" their interests -> profit from the multiple flips. I sort of want this to go down even further to better position money if the multi month bull-run is still intact.... I just want cheap Bitcoins; there's still alot of "unclaimed" profit... if we position ourselves properly we can grab -> doing an investment of the century. The more FUD the better only until then there's good news sellers can come flooding back opening the flood gates of "value money" back in...
BITFINEX:BTCUSD
by TheRichest
4