Educational Post:
What is coin mixing?
Broadly speaking, coin mixing could refer to any activity that involves the obfuscation of funds by substituting them with others. However, in the cryptocurrency space, coin mixing commonly denotes a service provided by a third-party. Typically, the service providers take users’ coins (and a small fee), and return coins that have no link to the sent ones. These services are also known as tumblers or mixers.
The security and anonymity of such centralized services are questionable, of course. Users have no guarantee that their money will be returned to them by the mixer or that the coins returned aren’t tainted in some way. An additional aspect to consider when using a mixer is that IP and Bitcoin addresses might be logged by a third party. Ultimately, users give up control of their funds in the hopes of receiving unlinked ones back.
What is a CoinJoin?
CoinJoin transactions were initially proposed by Bitcoin developer Gregory Maxwell in 2013. In his thread, he gives a brief overview of how these transactions are structured and how massive privacy gains can be achieved without any changes to the protocol.
In essence, a CoinJoin involves the combination of inputs by multiple users into a single transaction. Before we explain how (and why), let’s take a look at the structure of a basic transaction.
Bitcoin transactions are made up of inputs and outputs. When a user wants to make a transaction, they take their UTXOs as inputs, specify the outputs, and sign the inputs. It’s important to note that each input is signed independently, and users can set multiple outputs (going to different addresses).
What is coin mixing?
Broadly speaking, coin mixing could refer to any activity that involves the obfuscation of funds by substituting them with others. However, in the cryptocurrency space, coin mixing commonly denotes a service provided by a third-party. Typically, the service providers take users’ coins (and a small fee), and return coins that have no link to the sent ones. These services are also known as tumblers or mixers.
The security and anonymity of such centralized services are questionable, of course. Users have no guarantee that their money will be returned to them by the mixer or that the coins returned aren’t tainted in some way. An additional aspect to consider when using a mixer is that IP and Bitcoin addresses might be logged by a third party. Ultimately, users give up control of their funds in the hopes of receiving unlinked ones back.
What is a CoinJoin?
CoinJoin transactions were initially proposed by Bitcoin developer Gregory Maxwell in 2013. In his thread, he gives a brief overview of how these transactions are structured and how massive privacy gains can be achieved without any changes to the protocol.
In essence, a CoinJoin involves the combination of inputs by multiple users into a single transaction. Before we explain how (and why), let’s take a look at the structure of a basic transaction.
Bitcoin transactions are made up of inputs and outputs. When a user wants to make a transaction, they take their UTXOs as inputs, specify the outputs, and sign the inputs. It’s important to note that each input is signed independently, and users can set multiple outputs (going to different addresses).
DOT analysis:
DOT is ranging between s$6.60-$7.40 area. You can add some DOT near the $6.65 area with stop loss below the $6.40 level. The first resistance is $7.40-$7.50 area and the major resistance is $8.60-$8.80 area. A break below $6.40 is bearish and we may see a test of $4.50-$5.00 support level.
DOT is ranging between s$6.60-$7.40 area. You can add some DOT near the $6.65 area with stop loss below the $6.40 level. The first resistance is $7.40-$7.50 area and the major resistance is $8.60-$8.80 area. A break below $6.40 is bearish and we may see a test of $4.50-$5.00 support level.
EOS analysis:
EOS is rejected from the $1.00-$1.06 resistance area. The support is the uptrend line which is around the $0.94 area. We may see a test of the uptrend line. Only open a long position if EOS is able to break and hold above the $1.06 level. If EOS is unable to hold the uptrend line then we see a dump towards the $0.80-$0.82 support area.
EOS is rejected from the $1.00-$1.06 resistance area. The support is the uptrend line which is around the $0.94 area. We may see a test of the uptrend line. Only open a long position if EOS is able to break and hold above the $1.06 level. If EOS is unable to hold the uptrend line then we see a dump towards the $0.80-$0.82 support area.
GALA analysis:
GALA is now testing the major support of the $0.0498-$0.0515 area. GALA needs to bounce from here. The local resistance is $0.058 and the major resistance is the downtrend line around the $0.062 area. You can open a long position at the support with tight stop loss below it. This is a good setup for long positions.
GALA is now testing the major support of the $0.0498-$0.0515 area. GALA needs to bounce from here. The local resistance is $0.058 and the major resistance is the downtrend line around the $0.062 area. You can open a long position at the support with tight stop loss below it. This is a good setup for long positions.
Crypto Chart Alerts
Bitcoin broke the falling wedge in the downward direction. The support is $20,000 and BTC needs to hold above it. A break below $20,000 is bearish and we see downward movement after that. If BTC bounces from $20,000 then we see a move towards the resistance…
Bitcoin is now trying to hold the $20,000 area. BTC needs to hold this level otherwise we see a slow downtrend in the market. Also, BTC is trading below the downtrend line which is not good. Wait for some time for new trades.
Bottom out Golden Call
#PHB on Binance
Targeting 200%🚀
https://www.binance.com/en/trade/PHB_BTC?layout=pro
#PHB on Binance
Targeting 200%🚀
https://www.binance.com/en/trade/PHB_BTC?layout=pro
Binance
0.00000343 | PHB BTC | Phoenix to BTC – Binance Spot
Trade PHB to BTC and other cryptocurrencies in the world’s largest cryptocurrency exchange. Find real-time live price with technical indicators to help you analyze PHB/BTC changes.
Crypto Chart Alerts
Bitcoin is now trying to hold the $20,000 area. BTC needs to hold this level otherwise we see a slow downtrend in the market. Also, BTC is trading below the downtrend line which is not good. Wait for some time for new trades.
Bitcoin also broke the uptrend line and this is not a good sign. BTC needs to reclaim this level as soon as possible otherwise we see more dump in the market. Global markets also do not giving a clear sign of an uptrend. The local support for BTC is $19,000 area.
Crypto Chart Alerts
ETH rejected again from the resistance area of $1240-$1270. ETH needs to flip this zone to gain some momentum. The local support is $1150 and major support is $1000 level. Wait for some time for a clear breakout of the resistance zone.
ETH is slowly going down towards the support of the $1000-$1020 area. This is the reason we told you to wait some time. You can add some ETH near the support zone. The major support on the weekly chart is the $920-$1000 level.
POLS/BTC
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2831-3350-3855-4450 satoshi
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2831-3350-3855-4450 satoshi
Crypto Chart Alerts
POLS/BTC Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens…
POLS going perfectly. POLS made a high of 3149 SATs, more than 23% Quick profit from our buy zone. Pin our channel on top to never miss a signal and share it with your friends and family. Keep Earning😊
Educational Post:
What Are Nested Exchanges and Why Should You Avoid Them?
A nested cryptocurrency exchange provides its customers with crypto trading services through an account on another exchange. It does not facilitate trading directly itself. Instead, it acts as a bridge between users and other service providers. Nesting is commonly used in traditional banking to provide services a specific bank can't, such as international transfers.
In the crypto space, nested exchanges often have lax KYC and AML processes or none at all. This lack of compliance is often explored by cybercriminals. Nested exchanges support money laundering, scammers, and ransomware payments.
When you trade with a nested exchange, you are trusting it with the custody of your assets. They provide less security and fewer guarantees than a compliant centralized or decentralized exchange. You can also face legal issues for dealing with sanctioned nested exchanges.
If you use an exchange, make sure it has proper KYC and AML checks. These often take days to process. If the exchange allows you to trade almost instantly without limits, you should investigate it further. A legitimate exchange won't hide how trades are made, and you can easily view the source of your funds on a blockchain explorer.
What Are Nested Exchanges and Why Should You Avoid Them?
A nested cryptocurrency exchange provides its customers with crypto trading services through an account on another exchange. It does not facilitate trading directly itself. Instead, it acts as a bridge between users and other service providers. Nesting is commonly used in traditional banking to provide services a specific bank can't, such as international transfers.
In the crypto space, nested exchanges often have lax KYC and AML processes or none at all. This lack of compliance is often explored by cybercriminals. Nested exchanges support money laundering, scammers, and ransomware payments.
When you trade with a nested exchange, you are trusting it with the custody of your assets. They provide less security and fewer guarantees than a compliant centralized or decentralized exchange. You can also face legal issues for dealing with sanctioned nested exchanges.
If you use an exchange, make sure it has proper KYC and AML checks. These often take days to process. If the exchange allows you to trade almost instantly without limits, you should investigate it further. A legitimate exchange won't hide how trades are made, and you can easily view the source of your funds on a blockchain explorer.
Crypto Chart Alerts
FTM analysis: FTM is trading in the downtrend channel on the hourly chart. FTM needs to break this downtrend channel to get some strength. Currently, there is no trade setup. Wait for a break and hold above the $0.24 level for new long positions.
FTM broke the downtrend channel in an upward direction. You can open a long position with tight stop loss here. The next resistance is $0.255-$0.26 area and the major resistance is $0.285-$0.29 area.
Crypto Chart Alerts
EOS analysis: EOS is rejected from the $1.00-$1.06 resistance area. The support is the uptrend line which is around the $0.94 area. We may see a test of the uptrend line. Only open a long position if EOS is able to break and hold above the $1.06 level. If…
EOS broke the uptrend line support and also retested it. The local support is $0.87-$0.88 area and major support is $0.80-$0.82 area. Don't open any long position in EOS now. We may see continuation of this downfall in coming days. A short opportunity is there near $0.95 level with tight stop loss.
AUCTION/BTC
Bounce is a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 3140-3750-4300-4850 satoshi
Bounce is a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 3140-3750-4300-4850 satoshi