SBI Cards & Payments Services Pvt. Ltd, the second largest issuer of credit cards in India, has warned customers of the risks associated with cryptocurrencies. Despite the warning, the company did not move to ban its customers from purchasing bitcoin and other virtual currencies using SBI issued credit cards. Also Read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten SBI Cards Warns Customers of Crypto Risks SBI Card has issued a warning to customers emphasizing the risks associated with cryptocurrencies. SBI Card also sought to reiterate the position of Reserve Bank of India, stating that government advisories have not given any licensing or authorisation for
Moment of truth for GBPUSD U.S. DOLLAR / BRITISH POUND FX_IDC:USDGBP TraderOfSwag I am looking that GBPUSD is on a strong downtrend but it is trying to re-test the highs of the channel. It is making a nice rebound from the lower part of the Bollinger band so if it breaks the channel, we may see a long uptrend. Let’s see, I am adding a SHORT if it fails to break the channel but most likely scenario will be it will go up.
One of the most intriguing things about the cryptocurrency space is the diverse, eclectic, and often eccentric characters it attracts. Everyone from Wall Street brokers to cypherpunks and from industrialists to anarchists can be found staking their claim in the fledgling crypto economy and saying their piece. In a recent interview, venture capitalist Tim Draper was on fine form, producing a number of memorable quotes which encapsulate the bullish mood permeating the cryptoverse once more. Also read: Kathleen Breitman: Tezos Will “Go Rogue” and Launch Soon Hodling the Future in Place of the Past “I think bitcoin is the future currency,” opined Tim Draper on Thursday.
Yield-o-Mania Global yields ratcheted higher after a stronger than expected jump on Germany’s PPI which bolsters the hotter than expected comprehensive inflation narrative. But it was the jump in US 2-year note yields that provided the extra boost to the US dollar as shorter-dated tenors provides investors with better goalposts for determining how the market is viewing Fed sentiment However, the lukewarm demand for two-year notes at auction and with supply concerns expected to weigh heavy on investor bond appetite this week, we could see the dollar back under pressure. Of course, traders are erring on the side of caution ahead of the release of
If you are thinking about selling bitcoin for cash inside the Unites States to people you don’t know, caution is advised. A reminder to stay alert for undercover government agents who might try to entrap you has been served by a recent California case. Also Read: Cryptocurrency Regulator Found Dead at His Home in South Korea Another Bitcoin Arrest in the US ICE Headquarters in Washington, DC An American citizen was arrested earlier this month for selling bitcoin by the Immigration and Customs Enforcement (ICE) agency, the federal government law enforcement body under the jurisdiction of the US Department of Homeland Security. According to case
Authored by Adam Taggart via PeakProsperity.com, Fred Hickey, frequent cited expert on Bloomberg News and Barron’s Roundtable, has been publishing his author extremely well-respected investment newsletter, The High-Tech Strategist, for 31 years. And he is more worried about the state of the financial markets today than he’s ever been. While his primary focus has been on analyzing Tech stocks, over the years he has expanded into macro trend analysis as the central banks starting increasingly intervening in world markets and distorting the price of money. He now finds asset prices dangerously overvalued (within Tech and without) and worries — as we do — about the risk
Bitcoin (BTX) CRASH, Doom and Gloom Reality Check !!! Bitcoin / Dollar BITFINEX:BTCUSD CryptForecasts As I said in my previous Post, I sent out this chart on 19th January to my group suggesting BTC would break to 6000 level (5600 to be specific). Please check this chart : https://photos.app.goo.gl/merqbQNHm3hYsTc42 BTC is heading to 12K and a lot of optimism is building up BUT with “caution”; faith and trust has been damaged somewhere and sentiments are broken. At one point it was hard to believe that BTC could even go to 6000, in many of the retail buys and passionate Crypto fans immagination.