{"id":376519,"date":"2019-03-30T17:17:25","date_gmt":"2019-03-30T17:17:25","guid":{"rendered":"https:\/\/wncen.com\/?p=376519"},"modified":"2024-06-11T21:14:40","modified_gmt":"2024-06-11T21:14:40","slug":"bitcoin-btc-above-4000-but-swedbank-is-now-restrictive-to-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-above-4000-but-swedbank-is-now-restrictive-to-crypto\/","title":{"rendered":"Bitcoin (BTC) Above $4,000 But Swedbank is now \u201crestrictive\u201d to Crypto"},"content":{"rendered":"<ul>\n<li><em>Bitcoin price stable and bullish<\/em><\/li>\n<li><em>Swedbank says crypto tools of money laundering and terrorist financing<\/em><\/li>\n<li><em>Transaction volumes low despite recovering prices<\/em><\/li>\n<\/ul>\n<p><em>Ironically, Swedbank is now restrictive to cryptocurrency transactions because they want to prevent \u201cmoney laundering and terrorist financing.\u201d That\u2019s after their publicized involvement in a $151 billion money laundering scandal. All in all, Bitcoin (BTC) prices are on up, trading above a main resistance trend line.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>What a weird way to deal with emerging issues. Well, barely days after firing their CEO, Birgitte Bonnesen, Swedbank appears to be redirecting their booting muzzle to Bitcoin holders.<\/p>\n<p>In their last Twitter post, translated to English, the bank said they \u201cwe are restrictive towards cryptocurrency transactions, to prevent money laundering and terrorist financing.\u201d The irony is that banks are paying huge fines as regulators crack down on their illegalities.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-376524\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/swedbank.jpg?resize=1024%2C922\" alt=\"swedbank\" width=\"1024\" height=\"922\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/swedbank.jpg?w=1024 1024w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/swedbank.jpg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/swedbank.jpg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/swedbank.jpg?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/swedbank.jpg?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>It was the same <a href=\"https:\/\/www.theguardian.com\/business\/2019\/mar\/28\/swedbank-chief-sacked-birgitte-bonnesen-amid-money-laundering-scandal\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">money laundering<\/a> that had the Nordic bank come under scrutiny which in turn piled pressure on the bank&#8217;s operation forcing them to crack the whip.<\/p>\n<blockquote><p><em>\u201cThe developments during the past days have created enormous pressure for the bank. Therefore, the board has decided to dismiss Birgitte Bonnesen from her position. With that said, Birgitte Bonnesen has during her three years as CEO made an important contribution by creating a leading digital bank with a physical presence.\u201d<\/em><\/p><\/blockquote>\n<p>Then again, evidence reveals that the transparent nature of cryptocurrencies and strict procedures adhered by fiat\u2014crypto on-ramps makes it virtually impossible for criminals or in this case terrorist to launder money or finance their illicit activities.<\/p>\n<h3>Candlestick Arrangement<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-376520\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-Daily-Chart-Mar-30.png?resize=1280%2C1024\" alt=\"Bitcoin\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-Daily-Chart-Mar-30.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-Daily-Chart-Mar-30.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-Daily-Chart-Mar-30.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-Daily-Chart-Mar-30.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-Daily-Chart-Mar-30.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-Daily-Chart-Mar-30.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Back to price action and Bitcoin bulls are resilient. Gains are not double-digit but are trending above a central resistance trend line as mentioned in our last <a href=\"https:\/\/wncen.com\/2019\/03\/29\/bitcoin-btc-milestone-trading-above-a-5-month-liquidation-line\/\" target=\"_blank\" rel=\"noopener noreferrer \">BTC\/USD trade plan<\/a>. As visible from the chart, bulls are building on from Mar 29 surprise gains, trading above $4,200\u2014streams from BitFinex.<\/p>\n<p>Technically, every low such be another buying opportunity and as long as prices are above $3,800, our breakout level, risk-off traders should fine-tune entries in lower time frames, add to their longs and target $4,500. The level as per our emphasis is a crucial resistance mark.<\/p>\n<p>Any break above is monumental\u2014and could happen next week, triggering participation that will play in with our projection of BTC prices retesting $4,500.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Despite prices closing above $4,200 on Mar 29, the breakout bar had light volumes\u20148.6k which is low relative to our high-volume anchor bar of Mar 16\u201413.4k. Regardless, the surge did confirm bulls of Mar 5 and the foundation of further higher highs above Feb 24\u201436k is on the cards. Moving on, and as aforementioned, traders should fine-tune their entries in lower time-frames.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price stable and bullish Swedbank says crypto tools of money laundering and terrorist financing Transaction volumes low despite recovering prices Ironically, Swedbank is now restrictive to cryptocurrency transactions because they want to prevent \u201cmoney laundering and terrorist financing.\u201d That\u2019s after their publicized involvement in a $151 billion money laundering scandal. All in all, Bitcoin (BTC) prices are on up, trading above a main resistance trend line. Bitcoin Price Analysis Fundamentals What a weird way to deal with emerging issues. Well, barely days after firing their CEO, Birgitte Bonnesen, Swedbank appears to be redirecting their booting muzzle to Bitcoin holders. In their last Twitter post, translated to English, the bank said they \u201cwe are restrictive towards cryptocurrency transactions, to prevent money laundering and terrorist financing.\u201d The irony is that banks are paying huge fines as regulators crack down on their illegalities. It was the same money laundering that had the Nordic bank come under scrutiny which in turn piled pressure on the bank&#8217;s operation forcing them to crack the whip. \u201cThe developments during the past days have created enormous pressure for the bank. Therefore, the board has decided to dismiss Birgitte Bonnesen from her position. With that said, Birgitte Bonnesen has during her three years as CEO made an important contribution by creating a leading digital bank with a physical presence.\u201d Then again, evidence reveals that the transparent nature of cryptocurrencies and strict procedures adhered by fiat\u2014crypto on-ramps makes it virtually impossible for criminals or in this case terrorist to launder money or finance their illicit activities. Candlestick Arrangement Back to price action and Bitcoin bulls are resilient. Gains are not double-digit but are trending above a central resistance trend line as mentioned in our last BTC\/USD trade plan. As visible from the chart, bulls are building on from Mar 29 surprise gains, trading above $4,200\u2014streams from BitFinex. Technically, every low such be another buying opportunity and as long as prices are above $3,800, our breakout level, risk-off traders should fine-tune entries in lower time frames, add to their longs and target $4,500. The level as per our emphasis is a crucial resistance mark. Any break above is monumental\u2014and could happen next week, triggering participation that will play in with our projection of BTC prices retesting $4,500. Technical Indicators Despite prices closing above $4,200 on Mar 29, the breakout bar had light volumes\u20148.6k which is low relative to our high-volume anchor bar of Mar 16\u201413.4k. Regardless, the surge did confirm bulls of Mar 5 and the foundation of further higher highs above Feb 24\u201436k is on the cards. Moving on, and as aforementioned, traders should fine-tune their entries in lower time-frames. Chart courtesy of Trading View<\/p>\n","protected":false},"author":384,"featured_media":344599,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,32871],"class_list":["post-376519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-swedbank"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Above $4,000 But Swedbank is now \u201crestrictive\u201d to Crypto<\/title>\n<meta name=\"description\" content=\"Bitcoin price stable and bullish Swedbank says crypto tools of money laundering and terrorist financing Transaction volumes low despite recovering prices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin (BTC) Above $4,000 But Swedbank is now \u201crestrictive\u201d to Crypto","url":"http:\/\/wncen.com\/news\/bitcoin-btc-above-4000-but-swedbank-is-now-restrictive-to-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-btc-above-4000-but-swedbank-is-now-restrictive-to-crypto\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc5.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc5.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","swedbank"],"dateCreated":"2019-03-30T17:17:25Z","datePublished":"2019-03-30T17:17:25Z","dateModified":"2024-06-11T21:14:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin (BTC) Above $4,000 But Swedbank is now \\u201crestrictive\\u201d to Crypto\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-above-4000-but-swedbank-is-now-restrictive-to-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-above-4000-but-swedbank-is-now-restrictive-to-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-btc5.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-btc5.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"swedbank\"],\"dateCreated\":\"2019-03-30T17:17:25Z\",\"datePublished\":\"2019-03-30T17:17:25Z\",\"dateModified\":\"2024-06-11T21:14:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc5.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/376519"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=376519"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/376519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/344599"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=376519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=376519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=376519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}