Australia goes on walkabout with Bitcoin.
Cardano brushes up on its German.
And the CTO of Ripple has some choice words for Vitalik Buterin.
My name is Justin.
This is your nightly news wrap-up.
Let's get it!
Our friends down under have seen a partnership form
between Crypto.com and the DataMesh Group and gas station company OTR
to enable customers to spend Bitcoin at over 400 locations across the Outback.
Australian customers use the Crypto.com app to choose their crypto of choice to pay for the fuel.
But it's not just Bitcoin that's available to spend.
It's other cryptos as well.
Although the press release from Crypto.com didn't name any specific tokens,
it did just say that cryptocurrencies can be used for payment.
They also cite data from a poll among merchants and consumers
showing that 55% are wanting to transact in crypto.
Later on this year,
OTR is planning on rolling out crypto payments at another 250 retail stores.
Hopefully, crypto payments can ease the hassle of having to live upside down.
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In fact, our TA expert Frankie Candles uses Phemex all the time.
And he's here right now to give you a quick market update.
How's it looking, Frankie?
Thank you, JChains.
Alright, guys. Let's go ahead and do a little market watch here.
We've got Bitcoin coming in at $23,218.
Down about half a percent on the day
Ethereum coming in at $1,847
Up about 0.8% on the day
Now, guys, I want to bring you over to the Bitcoin chart.
We are starting to get a little bit of a dip here.
Now, as you guys know, if you watch the videos daily,
you will know that we were looking at this.
This main daily level right here at $23,851 was very strong support.
And we were looking if we broke this,
we were looking to make our way down to this next daily level at $23,320.
We have now been down there for a while,
tested the level as support a bunch of times.
And the more times you knock on a door,
the more likely it is to open.
And now we are starting to see ourselves break this level of support to the downside.
Now, my next target if we do continue to come down here
is going to be this Value Area High at about $22,848.
So, if we continue this move down,
I would be expecting to come down to $22,848.
So that is going to be the next level if this dump does continue.
And we do have a 2-day red dot printing on the 2-day timeframe.
And it will be confirming in about 2 minutes and 40 seconds.
So it does look like it will confirm,
which will be a bit more bearish for Bitcoin in the medium term.
So I do think we can come down a little bit more here, guys.
If you want to follow me.
it's Frankie Candles on YouTube or @Frankie_Candles on all socials.
Back to the news.
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Germany is a country known for being timely, thorough and expertly engineered.
So it only makes sense that German banks are opening their Bavarian arms
to the most scientific blockchain out there---
Cardano.
Major German banks, Comdirect and Onvista are offering investment opportunities and products
that have exposure to or are backed by Cardano.
This is great news for the definitely not a gang Cardano community.
And the good news doesn't stop there.
Valour Inc., the only publicly traded crypto investment firm in Germany,
has stepped up to give Comdirect and Onvista exposure to several other DeFi
and crypto financial products to their customers.
This includes Bitcoin and Ethereum ETPs that have zero transaction costs to investors.
It looks like crypto adoption is going to be setting a new laptime on the Nürburgring very soon.
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The CTO of Ripple has come out swinging at Ethereum co-founder
and possible android Vitalik Buterin
for his statements calling XRP a tool for the Chinese Communist Party.
Schwartz let it out and responded by tweeting,
'"The government should punish projects that disagree with our narrative"
seems pretty on brand for ETH.'
Shots fired, I guess.
The XRP Army and Etherians then met on the field of Twitter battle.
And at the moment, no winner can be seen,
only a pile of quote tweets, nerd rage and crypto memes.
Shwartz used an example of eBay stockholders earning money on transactions
between sellers and buyers on the platform
and said the same could be said for Bitcoin and Ethereum miners,
making a connection between proof-of-work miners and stockholders.
Thankfully, it looks like the Merge is going smoothly
despite Vitalik picking Twitter fights with his crypto brothers in arms.
That's all I got.
Have a great rest of your night.