milanista

yeah sadly they can ban bitcoin

It is not a great secret that banks do not like cryptocurrency. Those of us who are involved in it and watch things closely know it is a threat to their very existence. For this reason, banks are doing whatever they can to cut people off from it. Andreas Antonopolous just had the ability to accept credit card payments on his website cut off by his payment processor because he accepts crypto on there (in addition to being one of the leading speaking proponents of it). Thus, we see companies involved in cryptocurrency receiving the same treatment as those involved in cannabis and adult entertainment. Banks across the globe are stopping people from buying cryptocurrency using their charge cards or bank accounts. This started in 2017 and keeps growing. Now, we see a bank in Denmark taking it to another level. This is one of Europe's 20 largest banks and it decided to bank all 30,000 employees from buying cryptocurrency. The bank claims that cryptocurrency is too risk for employees due to its unregulated and volatile nature. Nordea Bank even had their policy upheld in court. This means that the employees of that banks are banned from owning cryptocurrency. Of course, banks and politicians long maintained that Bitcoin and other cryptocurrency is used for illegal activities. While the true statistics reveal that only a small percentage of transactions are illegal in nature, this does not stop the rhetoric. I guess it ultimately comes down to the fact that Nordea, along with the other banks, does not like the competition when it comes to illegal activities. In the United States, fines to the banks since the last financial collapse exceeded $250 billion. Yet people believe that cryptocurrencies exist solely for illicit activities. The reality is banks are going to do whatever they can to keep their system in place. They have fared very well doing basically what they wanted while the regulators were always a few steps behind. Cryptocurrency gives people an option which enables them to opt out of the current system. Since it is still in its infancy, the banks have a small window which they can try to hold on. After that, the proverbial horse is out of the barn, never to return. Once there are hundreds of millions of people involved, there is no turning back.

Eth Etherscan.io site filtered in China. The massive firewall of the People's Republic of China, used by the government to monitor access to external internet sites, has blocked the largest public source of ethereum blocking data. On Monday, the Ethernet scan site became one of the most widely used Ethereum block explorer sites by IPs inside China. ▪️This is the first case where a blockchainer searches for firewalls and filtering networks.

Starting in 2020 all financial institutions in Germany will be able to legally offer cryptocurrency services including selling, storing, and investing. A bill was recently passed allowing German banks and financial institutions to engage in cryptocurrency dealings with the public. With megabanks like Deutsche going under, governments and economies worldwide in ruins, and talks of the dollar collapsing does cryptocurrency stand to be the leading world currency?

When you see a huge drop in a coins price, people will sometimes blame it on whales that are dumping on the market. Whales are people or possibly a group of people working together to hold a large percentage of that coin and can use this to their advantage to manipulate the price of a coin to the desired price. Typically when this occurs "weak hands" will start panic selling so they can buy back into the coin at a cheaper price. Not always does his tacit work in the whales favor. If you been in the crypto world for awhile now i am sure you have heard of the term "Whale". The whale is the biggest creature in the ocean and for the most part can over power just about any other fish, so in crypto we refer to people or groups that have a large percent of a coins volume a whale. Coins that have a smaller total volume are a lot easier for a potential whale to manipulate. Whales will use a tactic called rinse and repeat, this method can be extremely profitable to a whale if timed right. The holder with a large percentage of that coins volume starts selling off lower then the market rate, which in turn causes people to start panic selling. Then the whale will watch and re-buy back in when the price of the coin reaches a new low. Then just repeats this process accumulating more wealth, more coins, and more control over that coin. Another way a whale can manipulate the price is by using buy and sell walls. If the coin drops people will generally start to buy in at a lower price and sell when it reaches a higher price. Makes sense. A whale has to have the actual funds to create the walls on the exchange. They can stack up either buy or sell walls and watch the price when it hits exactly where they want it then BOOM the wall disappears because they have canceled that large buy or sell order. There are actual real huge buy and sell walls that are not manipulated by whales. So you have to be careful, Don't get dumped on Whales don't always buy coins the traditional way through exchanges they can use Over the Counter Trading or Dark pools. This way they can buy vast amounts of a coin (if available) without it being noticed by the public eye. If you are a potential Whale you don't want the general public to notice your very large buy order all at one time. This would send signals to others that its getting ready to be manipulated. The great whale of 2014 caused an event where a massive liquidation of bitcoin where sold at 300 dollars a piece. Which was a supply of 30,000 bitcoins totaling 9 million dollars. People assumed this was going to crash the entire crypto market at the time, but to many people's surprise the buyers ripped right through the sell orders and the coin rose to $375 dollars. Here is a picture of the massive sell of So remember if you bought into a quality coin and believe in its community and tech, don't let weak hands deter you from staying in the game. Thousands of people have lost millions of dollars because of panic selling. If you get involved playing with a whale and your trying to make huge gains this picture related will be the only lambo you will have

News is emerging that the decentralized exchange (DEX), CryptoBridge, is ending operations. This announcement comes as a surprise to many. It also does not leave a great deal of time for depositors to remove their money. The decentralized exchange landscape got a bit more crowded of late. In April, Binance launched a DEX while Poloniex went out and acquired one on Tron. Bancor recently announced a 60,000 token airdrop at the end of November to help to provide liquidity to the network. A lack of liquidity is one of the major problems that exchanges are facing. This coupled with interfaces that tend not to be user-friendly has people opting for the centralized ones. There is also the issue of fiat currency. To convert it, one often has to use an exchange such as Coinbase since most governments have strict regulation regarding their currencies. Coinbase, and others, meet the requirements to handle fiat in a manner similar to a bank. This leaves many exchanges with the option of focusing upon the crypto-to-crypto transactions. The challenge here is that many involved in cryptocurrency are still speculating. Since "hodling" is so strong, many wallets are seeing little activity. This presents a problem to exchanges since they require a great deal of trading to maintain liquidity. A recent study showed that, in spite of Bitcoin's moves this year, 11.58 million BTC has not moved this year. CryptoBridge epitomizes the risk that still exists with cryptocurrency. Since it focused a great deal on alt-coins, the tremendous bear market obliterated it. Another factor to consider, which the company did cite, is the fact the regulatory environment is getting more difficult. Countries across the world seek to clamp down on cryptocurrency as it poses a threat to their banking system. The final piece of the puzzle lies in the fact that the entire cryptocurrency market is still rather small. Estimates vary but most put the entire space at less than 100 million people. With so much competition, it is rather difficult to survive unless growth explodes. Rumours are that CryptoBridge might reopen. It is hard to tell what is true since many asserted that this was a scam from the beginning. Part of the process for the crypto world is to figure all this out and clean up the legitimate from the non-legit. Just part of the growing pains a new industry has to endure.