Coin Bureau Insider

#BTC UPDATE: As mentioned in the previous update that BTC needs to hold the 57k support level and give a closure above it if not then it can reject more and the same thing happened BTC failed to closed above the 57k support level and break it downside. Now what's Next? The next support region for BTC is the 52k to 53k level where a bullish harmonic pattern is also aligning BTC needs to hold these support level at any cost if it failed to hold this support then we may see further rejection to lower levels. Now the 57k level for the BTC will act as a resistance level. As BTC looks extremely choppy it is advised to trade very cautiously and must use sl.

🔔 MARKET MOVING NEWS! (05/07/24) 1️⃣ U.S. Nonfarm Payrolls Data Released ⚡️ The U.S. announced that the seasonally adjusted non-farm payrolls increased by 206,000 in June, compared with 272,000 in the previous month and 190,000 expected. The unemployment rate rose to 4.1% in June, compared with 4% in the previous month and 4% expected. The last time unemployment was above 4% was in November 2021, when the rate was also 4.1%. Notably, labour market weakness is expected to be bullish since this makes it more likely that the Fed will consider lowering interest rates, which increases the attractiveness of risk assets like stocks and crypto. Source 2️⃣ Mt Gox Creditors May Have To Wait For Up To Three Months To Receive Their Bitcoin 💸 Earlier today, defunct crypto exchange Mt Gox announced that it had started making repayments to customers. The announcement comes after on-chain intelligence firm Arkham Intelligence reported that Mt. Gox had transferred 47,229 Bitcoin (worth $2.71 billion) to a new wallet address in its first major transaction since May. While the process has been initiated, Mt Gox creditors may have to wait up to three months to receive their Bitcoin or Bitcoin Cash repayments. Specifically, the document states that the timeline for repayments varies depending on the exchanges, with Kraken taking up to 90 days, Bitstamp taking up to 60 days, BitGo taking up to 20 days, and SBI VC Trade and Bitbank completing payouts within 14 days. Source 3️⃣ Crypto Exchanges Subject to EU Travel Rule In 6 Months 🤔 The European Banking Authority (EBA) has announced that it will be extending the Travel Rules guidelines to crypto service providers and their intermediaries from Dec. 30th. Notably, the travel rules mandate reporting information on transfers of funds and crypto assets. As a result, crypto asset service providers (CASPs), as defined in the EU’s MiCA regulation, will be subject to the EU’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) regime. Source 4️⃣ Crypto Exchange KuCoin Adds 7.5% Tax for Nigeria Users, Citing 'Regulatory Update' ‼️ On Wednesday, crypto exchange KuCoin announced it would begin charging Nigerian users a value-added tax (VAT) on transactions. Specifically, the new VAT charges would be implemented starting July 8th at a rate of 7.5% on transaction fees in each trade. The exchange cited a “regulatory update” in the email it sent to customers. The tax reportedly applies to “all transaction types on the KuCoin platform.”

#BTC UPDATE: As mentioned in the previous update that BTC needs to hold the 57k support level and give a closure above it if not then it can reject more and the same thing happened BTC failed to closed above the 57k support level and break it downside. Now what's Next? The next support region for BTC is the 52k to 53k level where a bullish harmonic pattern is also aligning BTC needs to hold these support level at any cost if it failed to hold this support then we may see further rejection to lower levels. Now the 57k level for the BTC will act as a resistance level. As BTC looks extremely choppy it is advised to trade very cautiously and must use sl.

🚨 New Video Alert!! 🚨 Let's be honest, the last few weeks and months in crypto have been all over the place. So much so, that getting a grip on what’s going on is easier said than done. So, when a crypto exchange releases a report that sums up exactly that, it’s safe to say that we should all be paying attention. That’s because out of any entity out there, it’s exchanges that will have their finger on the pulse before anyone else. As it happens, one of the largest exchanges out there, Kucoin, has released their monthly crypto research report for June 2024. It reveals that there’s been a LOT happening lately, so we thought it’s high time we summarise this report for you guys, and tell you what this could all mean for the market. So, grab your popcorn, fire up that like button, sit back and enjoy!

🔔 MARKET MOVING NEWS! (04/07/24) 1️⃣ Crypto Market Sees $295 Million In Liquidations Across Exchanges Over Past 24 Hours 🔽 According to data from Coinglass, centralised exchanges saw over $77 million in BTC long liquidations in the past 24 hours. The broader cryptocurrency market also saw over $295 million in liquidations on centralised exchanges, with around $259 million in long positions. Ether also faced significant liquidations, with over $71 million liquidated — of which $62 million were long positions. Source 2️⃣ Basel Committee Approves Disclosure Framework for Crypto Exposures ‼️ The Basel Committee on Banking Supervision, the primary global standard setter for prudential banks, has reportedly approved a disclosure framework for banks' exposure to crypto assets. The framework requires banks to disclose qualitative information on their crypto activities and quantitative information on their exposure to crypto. The disclosure framework is expected to be implemented by the start of 2026. Source 3️⃣ German Government Transfers $172M In Bitcoin To Multiple Locations 💸 A crypto wallet linked to the German government has reportedly transferred 3,000 BTC (worth $175 million) to various addresses. Of the 3000 BTC, the German government transferred 1700 BTC to an unidentified address starting with "139Po," while 500 bitcoins were sent to Bitstamp, 400 bitcoins to Coinbase, and 400 bitcoins to Kraken. This is the latest in a series of transactions made by the German government, indicating a potential intention to sell the assets. The government currently holds 40,359 bitcoins, worth about $2.32 billion. Source 4️⃣ Consensys Acquires Wallet Guard To Help Protect Metamask Users Against Hacks And Scams 💰 MetaMask wallet developer Consensys has reportedly acquired the crypto security app Wallet Guard. The acquisition aims to integrate Wallet Guard’s advanced security features into MetaMask to improve user protection within Web3. The integration will reportedly improve drainer detection via transaction validation and client-side heuristics, providing users with real-time protection against malicious dapps and scams. Notably, the acquisition follows Consensys' integration of Blockaid security alerts into MetaMask earlier this year. Source 5️⃣ The SEC Is Now Going After Crypto VCs, Says BlockTower Capital Founder 🔍 In a recent episode of the Unchained podcast, BlockTower Capital’s chief investment officer Ari Paul revealed that the US Securities and Exchange Commission has launched a “bunch of investigations” targeting crypto venture capital firms for “acting as unregistered securities dealers.” The development marks the latest escalation in the SEC’s crackdown on the digital assets industry.

#BTC UPDATE: As mentioned in the previous update that BTC needs to hold the 60k support level and give a closure above it if not then a rejection is expected to 57 to 58k level and the same thing happened BTC failed to closed above the 60k support level and break it downside. Now what's Next? The next support region for BTC is the 57k level BTC needs to hold this level at any cost if it failed to hold this support then we may see further rejection to lower levels. Now the 60k level for the BTC will act as a resistance level. As BTC looks extremely choppy it is advised to trade very cautiously and must use sl.

New Trade for #RNDR/USDT (Chart: 1 DAY TF) RNDR/USDT Looks good on 1 DAY time frame moving along strong demand zone price has taken reversal several times from here. Also on a Breakout. ◼️Entry: $7.165 - $6.672 🟢 Target 1 : 7.396 🟢 Target 2 : 7.615 🟢 Target 3 : 7.820 🟢 Target 4 : 8.489 🟢 Target 5 : 9.324 🛑SL : 6.398

🚨 New Video Alert!! 🚨 Back in 2021, El Salvador made Bitcoin legal tender. It was a monumental moment in Crypto’s history, and marked the dawn of a new era. Since then, many people have been speculating about which central bank will be next in line to start holding crypto as a reserve asset, and if - or when - they’ll do it. And, if they do begin hoarding BTC, will they also look to buy up other cryptocurrencies while they’re at it? Today’s video takes a hard look at just that. We’ll discuss why central banks have crypto on their radars, why they could hold BTC, altcoins that could be considered, and what this could all mean for the crypto market. We’ll see you at the like button. Enjoy!