Ethereum 2.021 Prediction
Market Meditations | January 20, 2021
In today’s letter, we provide key technical and fundamental analysis on $ETH.
Dear Meditators
A lot has been happening this week. In particular, Ethereum caught our eye ?
In today’s letter, we provide key technical and fundamental analysis on $ETH.
If you have skin in the game, do not miss this one.
As always, if you enjoy this letter, be sure to share it with your network. Let’s all grow richer together.
Goldman Sachs Can No Longer Dismiss Bitcoin ?
Over the last year, many traditional financial institutions have recanted previous skepticism to join the bitcoin space. For most of that time, Goldman Sachs has been a noticeable holdout, saying as recently as last May that bitcoin and cryptocurrency weren’t an asset class. According to new reports from a Goldman insider, all that is finally changing as the bank prepares a crypto custody strategy. Read more.Firo Becomes Latest Coin To Suffer 51% Attack ?
Privacy-focused digital currency, Firo, formerly known as Zcoin, suffered a 51% attack in the early hours of 20 January. Taking to Twitter, the team behind Firo notified traders about the attack and asked users not to make transactions until the network returned to a normal state. At the same time, CEO of Binance, Changpeng Zhao (CZ) stated that the miner behind the attack rolled back 306 blocks, which stopped on-chain transactions at the time. Read more.Coinbase To Acquire Bison Trails ?
Coinbase is acquiring crypto infrastructure provider Bison Trails in a move that the San Francisco-based exchange-operator says will help it expand into a growing corner of the crypto market: infrastructure as a service. The announcement comes just weeks after Coinbase announced the acquisition of Routefire, an execution services startup. Read more.Rick And Morty Crypto Art Sells for $150,000 ?
A crypto art piece by Justin Roiland, co-creator of the famous animated series Rick and Morty, has sold for a handsome price on non-fungible token marketplace Nifty Gateway. Dubbed “The First Ever Edition Of Rick And Morty Cryptoart,” the tokenized artwork was sold at silent auction for $150,000. Crypto NFTs have been steadily gaining momentum in recent months, bringing famous creators and artists a new opportunity to sell their pieces directly to their fans. Read more.Yellen Says Cryptocurrencies Are a ‘Concern’ in Terrorist Financing ?
Cryptocurrencies are “a particular concern” when it comes to terrorist financing, potential Treasury Secretary Janet Yellen said Tuesday. Speaking at a Senate Finance Committee hearing on her anticipated nomination after President-elect Joe Biden takes office tomorrow, Yellen said the U.S. should be aware of emerging tools for terrorist financing. Read more.
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I’ve bet the last 4 years of my life on the simple fact that Cryptocurrencies can change the world.
In 2020, I decided it’s time to start doing more to actually help make that a reality.
Partnering with Utrust was an obvious choice and I’m delighted to be able to share this with everyone.
What is Utrust?
Put simply, Utrust allows you to start accepting cryptocurrencies like you accept traditional fiat currency.
Let’s take an example.
You own a local ballet studio, and you recognize that many customers would like to pay for dance classes in Bitcoin. But you also recognize that receiving and storing crypto is a hassle and you’re frightened by the volatility in the markets (e.g., what if the value of your crypto goes down after a buyer pays you for a dance class? I don’t want to lose money!)
What if you could enjoy the benefit of accepting crypto from a buyer without having to worry about storing crypto or converting it into fiat. That’s Utrust.
How Does Utrust Work?
1. You integrate Utrust into your payment processing system. Utrust has seamless integration so you don’t have to wait and can set this up even if you’re not crypto savvy.
2. A buyer pays for your product or service using their crypto. A flat 1% fee is added onto the buyer’s end of the transaction. This means you increase your profits from each sale. Utrust converts this crypto into fiat in real time at the best possible rate.
3. The fiat is held in escrow for a holding period. The purpose of this holding period is to ensure that there is no dispute from the buyer or seller and prevent fraud. This acts as a fraud protection system.
4. If there is no evidence of fraud, funds are released from escrow and you receive payment in fiat currency (exactly like you would have if someone paid you in fiat from the beginning)!
5. Finally, you have access to a Utrust merchant dashboard that allows you to check order details, view transactions, manage refunds and settlements, and more in a smooth user experience.
6. **BONUS** The new Hold app, which will be entirely powered by Utrust, will have more features including buying and selling digital currencies, making seamless payments online and offline, and will grant you access to a VISA debit card for shopping in-store with rewards all in one app.
Is Utrust for You?
Utrust powers businesses in 180+ countries across nearly every industry with support for more than 30% of global currencies. If you’re a business owner who understands the ins and outs of the crypto industry, is willing to hold crypto on your balance sheet, and accepts the risk of market volatility if and when you convert to fiat, then you may not need Utrust.
If, however, you want the benefit of accepting crypto from over 50 million global users but wish to avoid the hassle of storing and converting it into fiat and you are looking for such a solution with built in protection to curb fraud, then wecan confidently recommend our partner Utrust as the powerful solution.
Ethereum 2.021 Prediction
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Disclaimer: The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. I am not a financial advisor. Every investment and trading move involves risk. Do your own research when making a decision.
