Today's Bitcoin Fear & Greed Index is 34 - Fear

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ApeCoin Jumped by 15% after Gucci adopted it for payments.

Gucci has become the first brand to adopt ApeCoin as a payment option in its US stores. The new feature allows the customers to make crypto payments by scanning a QR code with a crypto wallet via BitPay. The company announced saying, "Now accepting ApeCoin payments via BitPay, select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, yet another step in the House’s exploration of Web3.”
It is interesting to note that this has helped the asset in a great way. APE’s price soared today by 15% from $6.2 to $7.2 in hours following the announced.

Consolidation:

The Consolidation phase in crypto or any type of trading, is a term used when stocks appear to neither go up or down in a clear pattern. Instead, the pattern goes somewhat sideways (horizontal), with the ups and downs offsetting each other. The range is marked by well-defined, low-volatility price swings. This is also referred to as a pause pattern in a strong trend and may also occur at tops and bottoms. The longer the consolidation is, the more powerful is the breakout that follows.

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Token Thursday - Dogecoin (DOGE)

DOGE was initially created a light-hearted alternative to BTC. However, it became a token of serious importance. Unlike other major cryptos like BTC and ETH, DOGE is intentionally created to be abundantly available with no maximum supply. Interestingly, 10,000 news coins are mined every minute!

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The project was created by the joint efforts of the MSBSD and Maharashtra State Innovation Society (MSINS) enabled by LegitDoc. It is a blockchain-based system for issuing and verifying digital documents. According to Neil Martis, co-founder of LegitDoc, “The project aims to digitise diplomas and transcripts that are annually issued to nearly 100,000 students annually by MSBSD.

This was done by creating tamper-evident digital diploma PDFs that are anchored on Polygon Blockchain.” He also states that since the diplomas are on the blockchain, they will have the highest degree of security privacy, transparency and cost reductions compared to regular online certificates. Notably, this is the first attempt by the state's government to digitize the certificates.

Binance announced its partnership with the multinational financial services provider, Mastercard to launch crypto prepaid card in Argentina. With this, Argentina is going to be the first Latin American country to have the product. The aim to launch the product is to bridge the gap between crypto and daily purchases. The product is in beta phase and will be widely available in the coming weeks.

The card issued by Credencial Payments will allow all Binance users in Argentina with a valid national ID to make purchases and pay bills with Bitcoin and BNB. The citizens can use the card at over 90 million Mastercard merchants worldwide, both in-store and online. Users can enjoy a seamless transaction in which their cryptocurrencies are converted to fiat currency in real-time at the point of purchase, as well as earn up to 8% in crypto cashback on eligible purchases.
Source: PRN

Meta is issuing $10 billion in bonds to finance new initiatives.

Meta, the social media company, is planning to issue its first set of bonds to finance new investments and operations, according to reports.

The company will be selling $10 billion in debt, to maintain a healthy cash flow and fund buybacks, per statements of two people with reported knowledge of the deal. The bonds will have different maturities, going from five years to 40 years, with the majority of the demand being directed towards the latter.
Source: news.bitcoin

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What are Bollinger Bands (BB)?

Standard deviation envelopes that determine overbought/oversold extremes in trendless markets. BB’s are highly useful for breakout traders and for identification of price/momentum divergences.

The ‘Bollinger Band Squeeze’ price pattern helps confirm a market’s rapid transition from an ultra-low to high volatility range.

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Average True Range (ATR)

Used to ID volatility breakout trading signals and confirm trend exhaustion. Often used to create automatically-adjusting trailing stops. Breakout price bar ranges that are 2-3 times greater than the ATR (14) often initiate powerful market trends.

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Boring company allows dogecoin to expand its utlity.

Elon Musk announced a new application for Dogecoin: paying for rides at the Boring Company, which operates an underground tube network in Las Vegas.


The meme coin is frequently accused as being useless, however the recently developed Dogepedia claims that DOGE "is money" due to its low fees and "speed of transactions."



The Dogecoin Foundation has recently gone to tremendous lengths to convert DOGE into a payment token. Third-party payment connections with Bitpay and Coinbase, partnerships with many prepaid card providers, and the development of a "JSON-RPC interface" allowing stores to integrate with the blockchain, according to the company, demonstrate this directly.
Source-cryptoslate

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Double Stochastic Oscillator:

Like the original stochastic oscillators, it is a momentum-based indicator, reflecting the current closing price in relation to the high/low range over a specified period. It oscillates between 0 and 100. The Double Stochastic Oscillator presumes that during an uptrend the price will close in proximity to the high of the range and during a downtrend the price will close in proximity to the low of the range.

The Double Stochastic Oscillator is presented by two lines – %K, the main (fast) line and %D, the signal (slow) line.

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The number of Crypto ATMs crosses 39,000 worldwide.

During the first week of August 2022, the number of digital currency dispersing automated teller machines (ATMs) operating globally crossed the 39K mark. In fact, across 77 countries, 614 crypto ATM operators have installed 39,011 cryptocurrency ATMs, according to metrics recorded by coinatmradar.com. This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark.
The U.S. commands 87.9% of the aggregate of crypto ATMs installed worldwide with 34,299 machines. The rest of the world’s percentage of crypto ATMs operating today is around 4.9% with Europe capturing 3.8% of that number.
Source: news.bitcoin