This Week in Crypto: BTC Legal Tender, Parachains & More!! 📰


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📺Essential Videos📺

Last Week’s Crypto Review 👉 https://youtu.be/O-mm4PQct-M
Inflation And Cryptocurrency 👉 https://youtu.be/bw6giyX7DhE
China Crypto Mining Ban 👉 https://youtu.be/iaY6MmU0C3A
Facebook Libra Diem Explained 👉 https://youtu.be/6nDyizNCKWo
Kusama Parachain Slot Auction Tutorial 👉 https://youtu.be/-vZmJx8yv10
Quant Network Explained 👉 https://youtu.be/WX_lA_63z64
AMP Cryptocurrency Explained 👉 https://youtu.be/BKdoFDpDwOk
Algorand’s Tokenomic Troubles 👉 https://youtu.be/7NdjivxrDoc

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– TIMESTAMPS –
0:00 Intro
2:23 Inflation continues to soar
4:12 China crypto crackdown
6:28 Bitcoin becomes legal tender
8:59 DeFi Adoption: Amazon Edition
11:38 Parachain Auctions Begin Tomorrow
13:49 Bitcoin Hacked?
16:45 Taproot Upgrade Confirmed
19:13 Weekly Crypto Market Analysis
24:26 Conclusion

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⛓️ 🔗 Useful Links 🔗 ⛓️

► May 2021 Inflation Numbers: https://www.cnbc.com/2021/06/10/cpi-may-2021.html
► China Crackdown On Crypto Social Media And Search: https://cointelegraph.com/news/shanghai-man-bitcoin-interest-drops-in-china-amid-crackdown-on-social-media-and-miners
► Bitcoin Becomes Legal Tender: https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight
► Amazon Opens Up To DeFi: https://decrypt.co/73023/amazon-job-listing-seeks-defi-experience
► Kusama Parachain Slot Auction Details: https://polkadot.network/kusama-parachain-auctions/?utm_source=twitter&utm_medium=social&utm_campaign=KusamaAuctionSchedule&utm_content=blog
► Decrypt Explains How The FED Got Hacker BTC: https://decrypt.co/73290/how-did-the-feds-get-the-pipeline-hackers-bitcoin-heres-the-best-theory
► Bitcoin Taproot Upgrade Date: https://cointelegraph.com/news/bitcoin-taproot-upgrade-finally-locked-in-activation-set-for-november

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🎈Inflation Continues To Soar🎈

According to the CPI, the annualized inflation rate in may was 5%, up from 4.2% in April. That doesn’t sound like much, but it’s the biggest monthly inflation gain in over a decade

The caveat here is that there are concerns that the FED will clamp down with higher interest rates which would bring these inflationary pressures under control, and this could crash the crypto market

⚖China Crypto Crackdown⚖

Dozens of Chinese cryptocurrency influencers have been banned from Weibo, one of China’s most popular social media platforms

China’s largest search engines also appear to be restricting searches related to cryptocurrency exchanges, namely Binance, Huobi, and OkEx

💸Bitcoin Becomes Legal Tender💸

El Salvador’s recent bill to make Bitcoin legal tender officially passed last week. President Nayib Bukele said that the law will go in place immediately and is giving 3 months for public and private institutions to put in the necessary infrastructure to support Bitcoin payments

📦DeFi Adoption: Amazon Edition📦

In a job posting last week, Amazon said it was looking for a blockchain lead with QUOTE ‘experience delivering products or innovations in the blockchain space, and in particular DeFi or Traditional Financial Services’

📅Parachain Slot Auctions📅
The first auction will begin tomorrow (June 15th) at 12:00 GMT and will conclude on June 22nd at 9:00 GMT. Any KSM you loaned to the winning project will be locked until May 13th 2022

🕵️‍♂‍Bitcoin Hacked!?🕵️‍♂‍

When it comes to the question of how the DOJ got the BTC from the Colonial Pipeline hackers, the DOJ likely gained access to the private keys of the hackers because they used a centralized cloud storage service provider as part of their attack

⛓Taproot Upgrade⛓

Over the weekend, Bitcoin’s Taproot upgrade finally received the consensus it needs from nodes on the network to be implemented. This is expected to take place in November

Without getting too technical, Taproot will improve the security, scalability, and privacy

📊Weekly Crypto Market Analysis📊

As you can see, Bitcoin continues to print a daily price pattern that’s characteristic of a Wyckoff accumulation phase

Bitcoin dominance has increased significantly over the last couple of weeks. What this means is that money is moving from altcoins back into Bitcoin, and I suspect this trend will continue

This week’s winners are Quant Network, Amp, Theta Fuel, Unus Sed Leo, and ALGO

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #taproot #news #crypto #kusama #china #inflation

Are You Suitable to Trade Forex?

Is Forex Trading for everyone? There are many ways of investing money in order to make profits. Forex, or the exchanging of foreign currencies, is one of those markets and it is also the largest one, because of its sheer volume and never-ending trading. Before investing money with a broker, you should ask yourself is Forex trading for everyone? The answer is no, it is not for everyone and that for a number of reasons.

Long Term Investments For Your Future

Long term investments are required to support us at that crucial when we will not have the ability to work when we get old due to medical and health issues or any one of the million reasons due to which we will be dependent on social security or medical care cooperatives. For some there will be an overall tendency not to work the rest of your way to life and pass time blissfully. Moreover we can never rely on anybody at this stage. Therefore we require long term investments to see ourselves completely settled in the future.

Protect Your Investments by Hedging

If you have invested money into the stock market, commodities or forex market, then you will also want to protect this money. This is not easy to do, but also not impossible. One of the best ways is to protect your investments by hedging. Hedging is a way of balancing a set of trades so that even if one loses in a big way, the other will at least make gains so that in the end you neither win nor lose on the deal.

Should You Diversify Your Trading Or Not?

The trading industry is full of risks and as with anything that is connected to potential losses you will want to protect yourself form the worst case scenario. Even though it is impossible to protect yourself 100 percent from any losses, there is a strategy that will minimize the amount of money lost on bad or high risk trades. This technique is known as diversification. To diversify your trading means that you minimize any potential losses by mixing a variety of investments made at any one time within your portfolio. This form of risk management is so effective, because even if a single trade goes bad it will not have a big impact on your overall trading success rate.

Stabilize Your Current Finances Before Trading

The thought of investing for long term benefits is an ideal one but this is only an option if you are established and have extra cash that you plan to multiply rather than just save it. The present situation is more important to deal with, than the future solutions.

Teach Yourself How to Trade

Investing and trading is a broad field and there is much to know, such as types of trades, kinds of investment options, terminology and even planning strategies. Most professional traders have even studied this in college for four or more years, but not everyone has that opportunity due to lack of time or money. It is not impossible, thought, to teach yourself how to trade. There are many ways of doing so, as long as you try and do what you have to do to learn.

Find Answers to All ‘Hows’ & ‘Whys’ From Day Trading Community

If you are in need of an experienced sailor to sail your boat in the sea of day trading, you need to join a day trading community. Online day trading industry can be complicated at times turning people engaged in this businesses searching for answers to their numerous questions. From veteran to novice traders – nobody is immune to confusions.

Current Technical Analysis of Markets

Even though the local and global markets are basically bearish, I’m looking for reasons it will move up. You have heard me harp on about the Dow Jones and the 11500 being the central pivot point that this market will break from either way, and this is still the case.

Emini Trading – How to Start Trading Emini Futures

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