Značka: Coronavirus

Crypto-loving anti-vax group seeks like-minded talent to live in African 'paradise'

A group of people who have claimed they refuse to take any of the COVID-19 vaccines — at a time when the number of cases around the world is at an all-time high — is reportedly looking for a cryptocurrency expert to join them in Africa.According to a Friday report from Vice, the group of anti-vaxxers is building a “community” off the coast of southeastern Africa and plans to hire private chefs, television presenters, and crypto experts. The company behind the group, Liberty Places, is a self-described real estate firm based out of the archipelago of Zanzibar. It has previously posted to social media regarding its plans to use “the latest technologies from blockchain to solar energy” in addition to criticizing the use of masks in fighting the pandemic. In spite of our view this morning; knowing that testing, masks, lockdowns, social distancing are now a structural norm in Europe and will return every year of your life, is ample enough reason to plan an exit! pic.twitter.com/aino9GsoUD— Liberty Places Ltd (@liberty_places) January 16, 2022Vice reported the group had praised Zanzibar for not implementing “mask mandates, social distancing measures or lockdowns, nor has it enforced any requirement for mandatory vaccines,” describing the island as “free from meddling bureaucracy.” The comments come at a time when the 7-day average number of new cases of COVID-19 is more than 3 million, and many public health officials and lawmakers continue to call for the use of social distancing, wearing masks, and getting vaccinated and boosted when possible.Many countries around the world are still closed to short-term visitors, with others that aren’t requiring a combination of proof of vaccination, quarantining at a hotel, and a negative COVID-19 test. For visitors from the United States, Tanzania stands out as a country that allows tourists to enter with only a negative test — no mandatory quarantine or vaccination requirement. There is inconsistent data on the number of new cases in the country, but the limited size of Zanzibar makes it unlikely to be able to accommodate millions of anti-vaxxers so locals concerned about the virus could still practice social distancing.Related: Tanzania’s Zanzibar reportedly exploring ways to adopt cryptoTanzania’s central bank banned crypto in November 2019, but it has reportedly explored overturning its decision following comments from President Samia Suluhu Hassan in June urging the central bank to prepare for Bitcoin (BTC) and digital assets. The country is also reportedly planning to introduce a digital shilling after neighboring countries announced initiatives exploring CBDCs.Cointelegraph reached out to Liberty Places, but did not receive a response at the time of publication.

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Fish food? Data shows retail investors are buying Bitcoin, whales are selling

Bitcoin (BTC) staged an impressive recovery after dropping to its three-month low of $42,333 on Dec. 4, rising to as high as $51,000 since. The BTC price retracement primarily surfaced due to increased buying activity among addresses that hold less than 1 BTC. In contrast, the Bitcoin wallets with balances between 1,000 BTC  and 10,000 BTC did little in supporting the upside move, data collected by Ecoinometrics showed.”Bitcoin is still stuck in a situation where small addresses are willing to stack sats [the smallest unit account of Bitcoin], while the whale addresses aren’t really accumulating,” the crypto-focused newsletter noted after assessing the change in Bitcoin amounts across small and rich wallet groups, as shown in the graph below.Bitcoin on-chain data featuring fish and whale BTC wallet clusters. Source: Ecoinometrics Ecoinometrics further asserted that the situation for Bitcoin is “not ideal,” suggesting that the BTC price may end up resuming its decline in the absence of influential buyers.Bitcoin’s downside target sits near $42KEcoinometrics’ bearish outlook appeared as Bitcoin grappled with the Federal Reserve’s policy decision on Wednesday to reduce its bond purchases by $30 billion every month to unwind them down by April next year entirely.The $120 billion a month stimulus program was instrumental in sending the BTC price from below $4,000 in March 2020 to $69,000 in Nov 2021. And now that the liquidity threatens to go away, with lending to become costlier as the Fed prepares for three rate hikes next year, many fear that it would hurt investors’ appetite for risk assets like Bitcoin.Bitcoin price briefly popped above $49,000 after the Fed FOMC meeting confirmed at least three interest rate hikes and some adjustments to the current market supporting practices in 2022. https://t.co/TpTX7tGmYL pic.twitter.com/lXw47icZmB— Cointelegraph Markets (@CointelegraphMT) December 15, 2021Mike Novogratz, chief executive officer of Galaxy Digital Holdings, admitted that Bitcoin might feel “pain ahead” but anticipated that its price would not fall anywhere beyond the $42,000-support.“$42,000 is at a pretty important level, and low 40s should hold,” the crypto billionaire told Bloomberg TV in an interview Tuesday, adding:”So much money is pouring into the space, it would make no sense that the crypto prices would go much below that. If you’re long, it feels painful, but it’s probably healthy.”BTC/USD daily price chart showing $40K-42K support. Source: TradingViewBitcoin accumulation stronger among retailIn reality, unique wallets holding more than or equal to 1,000 BTC have been declining all across 2021, with data from Glassnode showing its number dropping to 2,147 from 2,475 since Feb. 9.The total number of Bitcoin addresses with at least 1,000 BTC balance. Source: GlassnodeIn contrast, the number of unique wallets holding at least 0.01 BTC (around $485 at current exchange rates) rose in 2021, from 8.46 million to 9.39 million year-to-date. Meanwhile, addresses holding at least 0.1 BTC (~$4,855) surged from 3.12 million to 3.30 million in the same period, indicating that “fishes” played a key role in pumping the Bitcoin price from around $30,000 to as high as $69,000 this year.The total number of Bitcoin addresses with at least 0.01 BTC and 0.1 BTC balance. Source: GlassnodeOne more piece of evidence showing that retail investors have been bullish on Bitcoin, came from addresses that hold at least 1 BTC. Related: Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmapThese wallets decreased in quantity in the first half of 2021 as the BTC market grappled with the China ban and other negative news, but started increasing the second half as El Salvador adopted Bitcoin as its legal tender.The total number of Bitcoin addresses with at least 1 BTC balance. Source: GlassnodeThe number of Bitcoin wallets with at least 1 BTC also kept rising during the BTC price correction from $69,000 to $42,333 in the November-December session, signaling accumulation. It reached a seven-month high on Wednesday just as Bitcoin underwent a rebound to $50,000 from its weekly low near $46,000.On-chain analyst Willy Woo also spotted retail accumulation rising to levels seen after the March 2020 crash, which led to Bitcoin’s two-year-long bull run.Accumulation among wallets holding less than 1 BTC. Source: WIlly WooAdditionally, Bitcoin’s momentum indicator that preceeded its price breakout to $69,000 earlier this year is also hinting at a potential BTC price breakout ahead.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Ethereum bulls retain hopes of $10K despite ETH price chart bear flag

Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000.ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an Ascending Channel that — more or less — appears like a Bear Flag, a bearish continuation setup.ETH/USD daily price chart featuring Bear Flag setup. Source: TradingViewConservative traders typically spot Bear Flags when an instrument consolidates higher inside a parallel channel after a considerable price drop (called Flagpole). They anticipate the price to break below the Flag’s lower trendline. And when it does, traders set their profit target by measuring the Flagpole’s height and subtracting it from the breakout level.Applying the Bull Flag strategy to Ether’s ongoing price trends, one can expect the cryptocurrency to drop towards $3,200 in the sessions ahead. Interestingly, the level is also near the 0.5 Fib line (~$3,264) of the Fibonacci retracement graph drawn from the $720-swing low to the $4,808-swing high.More confirmation neededWhile the Bear Flag setup hints at more pain for Ether ahead, some analysts believe the Ethereum token still has more room to run to the upside.For instance, PostyXBT, an independent market analyst, asked his massive follower-base on Twitter to turn attention to Ether’s deep price wick from Saturday, underscoring how the cryptocurrency’s sudden crash from near $4,240 to as low as $3,575 (data from Coinbase) was met by traders with an aggressive buying response.”The weekly close above $4k means that ETH is one of the strongest looking coins out there,” the pseudonymous analyst noted, adding that not many held the structure “despite the wick.”ETH/USD weekly perpetual futures contract chart. Source: TradingViewMeanwhile, another popular analyst Crypto FOMO also referred to the Saturday rebound as a reason to stay bullish on Ether. In an analysis published Monday, the analyst said that the cryptocurrency’s ability to hold its rising channel support (the Bear Flag structure) might prompt bulls to push its value to $10,000.”That is also because Ethereum is crashing a lot lesser than other cryptos, which is very bullish,” the channel noted while highlighting Ether’s growing strength against Bitcoin (BTC).Top ten cryptocurrencies’ performance against USD and BTC in the last 30 days. Source: MessariOn its weekly chart, Ether looks to have been eyeing a move toward $6,500 after breaking out of its Ascending Triangle.In detail, the ETH price left the Triangle range in the week ending Oct. 25 after consolidating inside it for a little over four months. Nonetheless, traders returned to test the structure’s upper trendline as support, as is common across bullish continuation setups.ETH/USD weekly price chart featuring Ascending Triangle setup. Source: TradingViewAs long the price holds itself above the Triangle’s upper trendline, its likelihood of continuing its rally upwards remains higher — by as much as the structure’s maximum height, as shown in the chart above. On the other hand, a decisive break below the Triangle’s lower trendline risked invalidating the bullish setup.Strong fundamentalsJames Wo, CEO/Founder of DFG Group — a Singapore-based venture capital firm, blamed Ether’s consistently positive correlation with Bitcoin behind its latest price corrections, noting that a spot market selloff in the BTC market, led by the ongoing Omicron FUD, has had exchanges liquidate $2 billion worth of traders’ margined positions, hurting ETH in tandem.Related: BTC sentiment ‘comparable to a funeral’ — 5 things to watch in Bitcoin this weekBut the analyst, too, anticipated a price rebound for ETH based on its successful adoption across the emerging nonfungible token (NFT), decentralized finance (DeFi), and metaverse space.Top five DeFi chains based on total-volume locked. Source: Defi Llama “The levels of open interest levels seen up to this correction for both BTC and ETH were an important indicator that a bearish scenario was highly probable,” Wo explained, adding:”We still believe that fundamentals are strong and long-term valuations are still very low based on the technological advancements and contributions we are witnessing from this industry.”ETH/USD was trading at $4,050 at the time of this writing.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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