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Binance Coin (BNB) takes off – here’s what’s behind it

The crypto exchange Binance’s exchange-owned token has been one of the top performers of the year. Now Binance has introduced a new feature for BNB that has helped the Binance Coin soar to new heights.

Led by the crypto lead horse Bitcoin, the overall market is currently showing its bullish side. The Binance Coin (BNB) is also in seventh heaven. With a daily gain of 15.17 per cent, BNB stands out among the top 10 coins with the biggest price increase. While the growing adaptation of the Bitcoin Loophole Binance Smart Chain (BSC) was primarily responsible for the strong performance in recent weeks and days, something else is behind the BNB rally this time.

Binance is now offering to stake BNB. This is according to an announcement by the crypto exchange, which Binance published on its homepage yesterday, 9 March. According to this, BNB holders can now use their tokens to generate passive income. Users can deposit their BNB for 15, 30, 60 or 90 days. The conditions depend on the duration of the lock-up period and the deposited amount, among other things.

Binance Coin Staking – an end in itself?

Binance Coin Staking is limited – according to the motto: first come, first served. It is therefore not surprising that the BNB Staking Option was sold out shortly after its launch. In any case, with NBB Staking you don’t have to give in to the illusion that you are participating in a decentralised network. The exchange has the final say on who belongs to the 21 validators of the Binance Smart Chain. It is not for nothing that the consensus mechanism of the BSC is called „Proof of Staked Authority“ – who qualifies as an „authority“ is ultimately determined by Binance.

The limited contingent of BNB Staking products ultimately points more to a marketing campaign than to an intended decentralisation of the network. For the BNB holders, however, concerns about centralisation are unlikely to dampen the bullish mood. Even those who missed the entry into NBB Staking could already profit from the mere announcement.

That is the demand of the people ? – Last Wednesday, the Federal Reserve released a discussion paper that sets out some of the preconditions for the launch of the digital dollar by the US central bank. The Fed seems to be really looking into the subject since Jerome Powell, Governor of the Federal Reserve, intends to discuss with the public on the possibility of a digital dollar.

Fed wants public opinion on its digital dollar

Powell offered his comments at the House of Representatives‘ Financial Services Committee hearing on Wednesday in response to questions about the concept of the digital dollar .

“It will be an important year. This will be the year in which we actively engage with the public. ”

Jerome Powell, Governor of the Federal Reserve

The Federal Reserve analysts report identifies four preconditions for the advent of a digital dollar:

the creation of clear political objectives for the currency;
the existence of a comprehensive legal framework ;
obtain broad support from stakeholders (banks, financial institutions, companies, etc.);
prepare the market for the arrival of this innovation.

Yet the Fed has no plans to present an official plan to the public . According to Powell, the political and technical questions surrounding a central bank digital currency remain . The Fed will therefore look to the public for feedback on the problems it has identified before proposing an action plan .

In the meantime, the Bitcoin Billionaire app is working on solutions to the technical challenges it has identified. It is also in talks with other central banks exploring the concept of central bank digital currency.

China leads the race for state digital currencies

The People’s Bank of China (PBoC) is currently exploring a cross-border digital currency project in collaboration with central banks in Thailand, Hong Kong and the United Arab Emirates.

At the same time, the Chinese central bank is continuing its tests on its territory. The next deadline will be a distribution of 40 million yuan ( 6 million dollars ) in the form of a lottery in a city in the southwest of the country. To participate , citizens will only have to register on a site. The PBoC, in its quest for monetary hegemony, therefore becomes the first central bank to provide for an airdrop  ! China seems to be making great strides with its project with its international partners.

These advances should not reassure the United States, which is bringing the subject back to the forefront. However, it seems unlikely that public consultation is the right way to get ahead of China on the matter.

LTC enfrenta una resistencia de $ 185 y $ 225, respectivamente.

El recuento de ondas sugiere que LTC ha comenzado un impulso alcista con sus mínimos de marzo.

LTC / BTC se enfrenta a una resistencia de ₿0,008

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El 4 de enero, el El precio de Litecoin (LTC) alcanzó un máximo de $ 173, un máximo no visto desde 2018.

Si bien podría continuar aumentando y alcanzar el área de resistencia de $ 185, parece que el repunte actual es muy alto y pronto seguirá un movimiento correctivo.

Movimiento a largo plazo de LTC

El gráfico semanal muestra que LTC finalmente se ha movido por encima de los máximos de junio de 2019 en $ 145 y en realidad ha alcanzado un cierre semanal por encima de este nivel.

Si continúa aumentando, las siguientes áreas de resistencia estarían en $ 186 y $ 225, los niveles de retroceso de Fibonacci de 0.5 y 0.618, respectivamente.

Los indicadores técnicos son alcistas, lo que respalda la posibilidad de una ruptura y un movimiento gradual hacia las áreas de resistencia descritas.

El comerciante de criptomonedas @ Pentosh1 describió un gráfico, indicando que una vez que se rompe el área de resistencia final en $ 140, es probable que siga un movimiento ascendente significativo.

Desde el tweet, LTC se ha movido por encima de este nivel y, por lo tanto, es probable que continúe aumentando.

El gráfico diario muestra signos de debilidad, en forma de divergencia bajista en el RSI. Sin embargo, tanto el MACD como el Oscilador Estocástico son alcistas.

Debido a la tasa de aumento muy rápida, no hay áreas de apoyo significativas. El más cercano está en $ 120.

El gráfico de dos horas muestra signos de continuación en forma de divergencia alcista oculta en el RSI. Combinado con la mecha inferior larga, esto sugiere que es probable que LTC se mueva hacia arriba.

You know that sublime feeling when the sun eventually shines through after the fog?

With the winter solstice and the coinciding Jupiter/Saturn conjunction of December 21, 2020, the energy turns on all levels and a new light begins to shine through. We have finally arrived in the air epoch – this also applies to Bitcoin.

A guest contribution by Reiner Schmidt: Today a retiree, artist and hobby astrologer, the trained banker, old hippie, globetrotter and long-time quality manager would like to take a completely different, unusual look at crypto, blockchain and the new era.

The digitalization of our living world began: computers, smartphones and the Internet guided us from the clunky, coarse-pixelated calculating machines of the late earth epoch over to the subtle clouds, data networks and holograms of the air epoch. The data networks, in turn, were the basis of blockchain tecnology, which in turn is the basis for Bitcoin Millionaire review and other cryptocurrencies. In the last decades, Facebook, Instagram, and other social media were developed and changed our habits of communication. It was only through social media that the idealistic philosophy of Blockchain and Bitcoin could spread worldwide and a global community could emerge.

Saturn (structure, testing) moved into Aquarius on Dec. 17, 2020 (until March 2023) – the sign of intellectual freedom, friendships, companions, networking and new technologies. And Jupiter (expansion) followed on Dec 19, 2020 (until Dec 29, 2021) also into this air sign. These two giants formed this gigantic conjunction on Dec 21, 2020 at 19:20 CET, which traveled through all media as the Christmas Star or Star of Bethlehem, which means seed laying. Not that immediately everything would be new. But the way for the new is now paved. A fascinating development now lies ahead of us, lifting us out of our conventional thinking onto a more comprehensive level of interconnected togetherness (Aquarius).

December 17, 19, and 21, 2020 were all special days in the cosmos when major frequency changes took place and found to affect all of humanity. Jupiter-Saturn conjunctions are used to measure history in astrology. It is the oldest and most reliable method of determining new developments and changes. The conjunction leads and directly from the old earth epoch into the air epoch. From the materialistic consumer society into an idealistic knowledge society.

The materialistic consumer society

For the last 200 years – since 1802 – we have been in the cycle of the earth element, which is cold and dry. This period pretty much coincided with the Industrial Revolution: There were struggles and wars over resources and goods. Possession and materialism were the big issues of the time. Many new national boundaries were redefined and consolidated. Smoking factories, assembly lines and flows of goods covered the globe. The dogmas of the measurable and the possessable took over the reigns in the zeitgeist.

The idealistic knowledge society

Since 1980, we have been in a transitional phase between earth and air. Globalization – the spread of people, ideas and cultures – is an expression of this. The foundations were laid for the technology of the air epoch. This area has been developed rapidly since the 80s: We can now contact and communicate with anyone at any time, and the latest development with 5G is also part of this.

Bitcoin and Blockchain – The technology of the future.

Capricorn formed the basis on which the air epoch can take flight. The digital infrastructure for taking off into the air was laid in Capricorn in recent years. Example is the horoscope of Bitcoin. Bitcoin is a Capricorn with many elements in Aquarius and Pisces, but, that Bitcoin can react so flexibly to changes in the market is due to its „source code“ and this is Capricorn. Bitcoin is thus the currency of the future because these zodiac signs are the defining ones of the new age. Data is the future, the new gold. This is the motto of the air epoch and it can be taken literally.

At the first lockdown, still in the earth epoch, gold still rose strongly and Bitcoin collapsed with the stock market. Now at the second lockdown already in the air epoch, gold is bobbing along and Bitcoin and other cryptocurrencies are going through the roof. The rocket has taken off. That’s going to continue. Blockchain is one of the great enabling technologies of the air epoch. This goes far beyond the speculative, the store of value as in limited Bitcoin. This is about everything that can coordinate our social lives in a decentralized way. You see this even more clearly with Ethereum.