BTC’s pricing is at a crucial turning point, according to JPMorgan strategists.

Grayscale Investments, the world’s largest digital asset manager, could be the key to Bitcoin’s short-term pricing outlook, according to JPMorgan Chase.

Bitcoin’s Thermocap Metric shows that the upward cycle of BTC is just beginning

As Bloomberg reports, strategists led by Nikolas Panigirtzoglou believe that Bitcoin could lose its luster in the short term unless it can „surpass“ $40,000. The flagship crypto currency broke that key level twice this month, once in the cycle leading up to new all-time highs nearing $42,000 last week.

Strategists determined that Grayscale’s Bitcoin Trust, which currently has $23 billion in assets under management, will play a crucial role in whether BTC returns to that level or not.

They wrote:

„The flow into Grayscale’s Bitcoin Trust would probably need to maintain its $100 million a day pace over the next few days and weeks for such a break to occur.

GBTC has a new competitor in the Bitcoin OTC market

If BTC doesn’t recover the $40,000, traders following the trend „could spread last week’s correction,“ analysts said. That means the path of least resistance could be downward.

Since breaking above USD 20,000 in December, the price of Bitcoin has more than doubled in just three weeks. The digital currency has stagnated in recent weeks as traders search for the next big catalyst.

JPMorgan Chase Executives Speak Out on Stablecoin Regulation and Competition in Cryptcoin

Meanwhile, Grayscale continues to exert considerable influence on the cryptomoney market. Average weekly inflows into Grayscale’s digital asset products reached $250.7 million in the fourth quarter, setting a new all-time record. Bitcoin Trust generated $217.1 million in average weekly inflows.

As Cointelegraph reported last week, Bitcoin’s price rose sharply after Grayscale reopened its services to new investors on January 13.

 

Booking partners with Crypto.com to accept payments with cryptosystems

The world of travel is evolving. Booking has partnered with the Crypto.com platform to accept payments in cryptomonies

Booking has partnered with the Crypto.com platform to accept payments with crypto-currencies. In addition, with this partnership, the OTA, led by Glenn Fogel, offers exclusive travel discounts to users of that platform. This was reported in the specialized portal Reportur, from Mexico, on January 18.

Hotel chains will be able to receive payments with crypto-currencies thanks to the alliance between Criptan and Mirai, in Spain

According to the publication, the agreement will give Crypto.com customers the opportunity to enjoy a 25% discount on the more than 28 million accommodations offered by Booking.

In addition, they said that the alliance means that Booking will expand its potential customer base by providing direct access to five million Crypto.com users

Crypto.com’s General Manager for Latin America: „Latin America has a very strong crypto community

Crypto.com CEO and co-founder Kris Marszalek said:

„In 2020, our Crypto.com Visa card program grew to become the most available card of its kind, and we know that the benefits of travel are in high demand. Our user base also grew in 2020, and we now serve more than five million users worldwide who are eager to travel again in 2021. We are pleased to announce our partnership with Booking.com, the first of many we will be announcing this year.

In an interview, Sebastian Serrano, CEO of the Argentinean exchange of cryptomoedas Ripio, praised the recently purchased BitcoinTrade and said that a lack of professionalism hindered negotiations with other companies in Brazil.

Sebastian Serrano, CEO of the Argentinean exchange Ripio, gave an interview on Monday commenting on the recent acquisition of the Brazilian BitcoinTrade by the exchange and lamented the „lack of professionalism“ of the Brazilian market. The article is from Bitcoin’s Portal.

Bitcoin reaches historical maximum against national currencies of several countries

In the interview, Serrano talks about the purchase of one of the largest exchanges in the Brazilian market, Crypto Trader, and guarantees that the two exchanges should coexist, Ripio and BitcoinTrade, at least for now.

According to him, BitcoinTrade will specialize in the trading sector in search of professional traders, while Ripio will bet even more on new investors interested in buying and keeping cryptomoedas:

„We are unifying the systems now to have the same compliance and allow users to use the same login and password for both accounts. We now have 1.3 million users between the two companies, including Argentines“.

Living different crises, Argentina and Chile resort to Bitcoin for economic protection

He also dealt with the differences between the Brazilian market, the largest in Latin America, and the Argentinean market, where the traction of the crypto market is greater, because of the dollarized economy and real inflation.

„Argentines use Bitcoin (BTC) more as a value reserve. The Brazilian acquires Bitcoin as an opportunity more linked to investment and trading,“ he said, adding:

„Brazil is the largest market in Latin America, but the country has something very different from the Argentinean market. In Argentina, the most important product are the portfolios, in Brazil are the exchanges. The Brazilian user is more investor/trader and, to have a market share, we needed to have a good exchange“.

Ripio’s CEO says that what drew the company’s attention to BitcoinTrade was the professionalism, according to him something rare in the Brazilian cryptoesphere. He recognizes that he talked with other exchanges in the process:

„It is true that we talked with other companies. In some cases, the time in the market was not good for operations; in others they had not so professional operations. The Brazilian market doesn’t have many professional teams working with cryptomoedas. It is something that Ripio has, in good measure for having received investments even from Silicon Valley, very professional people. Unfortunately, in the Brazilian market there wasn’t a lot of venture capital investment in the exchanges, so they are operations maybe less professional and this made many conversations difficult“.

About the competition in the Brazilian market, the acquisition of the Brazilian exchange should expand Ripio’s performance in the country, a movement that brings Argentina to the competition with another international exchange, Bitso, which is also expanding in the country with new venture capital investments.

Serrano says that Ripio takes advantage for already having an office in the country for some years, commanded by Ricardo Da Ros, Country Manager of the Argentinean exchange in the country. The biggest competitor is still the Brazilian Bitcoin Market, the biggest exchange in the continent:

„Today the clear leader is the Bitcoin Market. Binance has a slightly different product because it is a more global company, another type of trading, but widely used in Brazil. But Ripio is working hard to take this position“.

Hackers use ransomware and close the borders of Argentina demanding $ 4 million in Bitcoin

In the interview, he still says he doesn’t believe that the Argentine government tries to regulate the cryptomoeda sector very early, since the biggest concern of the country is about the reserves in dollars, and not about the negotiation of cryptomoeda in pesos. Nevertheless, since November the country’s congress has been discussing a bill to try to regulate the sector.

Carolina Panthers Offensive Lineman Russell Okung erhält jetzt Berichten zufolge die Hälfte seines Gehalts in Bitcoin.

Der Profi-Football-Spieler ist seit Jahren ein starker Bitcoin-Befürworter, und er hat seit Mai 2019 darum gebeten, in Bitcoin bezahlt zu werden. Am Dienstag tweetete er dann, dass er „in bitcoin bezahlt“ wurde. Allerdings erhält Okung bitcoin nicht direkt von den Carolina Panthers, sondern über einen Drittanbieter-Zahlungsdienst namens Strike, eine Anwendung, die von Zap Solutions Inc. entwickelt wurde und Menschen hilft, einen beliebigen Prozentsatz ihres Gehaltsschecks in bitcoin umzuwandeln.

Die Panthers werden Berichten zufolge einen Teil von Okungs 13 Millionen Dollar Gehalt in Bitcoin bezahlen.

Im Rahmen der aktuellen Vereinbarung werden die Panthers Berichten zufolge einen Teil von Okungs 13 Millionen Dollar Gehalt an Strike zahlen, die Okung in Bitcoin bezahlen werden. Okung ist der bestbezahlte Spieler der Panthers für diese Saison. Seine Gehaltsvereinbarung wird intern von den Panthers gehandhabt, erklärte CNBC und fügte hinzu, dass die National Football League und die Spielergewerkschaft bis zur Ankündigung am Dienstag nichts von Okungs Vereinbarung wussten. Allerdings haben sie nicht versucht, die Vereinbarung für ungültig zu erklären oder offiziell zu unterschreiben. Ein NFL-Sprecher Brian McCarthy sagte der Publikation: „Es gab nichts zu unterschreiben. Die Vereine bezahlen die Spieler in US-Dollar. Was die Spieler oder seine Agenten mit dem Geld machen, ist ihnen überlassen.“

Der berühmte Fußballspieler ist voll des Lobes für Bitcoin.

Okung sagte in einem Statement, dass Geld mehr als eine Währung ist; es ist Macht. Die Art und Weise, wie Geld von der Entstehung bis zur Verbreitung gehandhabt wird, ist Teil dieser Macht. In Bitcoin bezahlt zu werden, ist der erste Schritt, aus der korrupten, manipulierten Wirtschaft auszusteigen, die wir alle bewohnen, fügte er hinzu. Der Profi-Football-Star tweetet häufig über bitcoin. „Sie können ‚x‘ ein Jahr zu machen und beobachten Sie es langsam mit der Inflation erodieren oder Sie können Ihr hart verdientes Geld mit bitcoin schützen, „Er schrieb nach der Ankündigung, dass er in der Kryptowährung bezahlt wurde.