COINBASE What happens to a dream deferred?
Part Two of the Qualitative and Quantitative NASDAQ:COIN analysis.
Quantitative
My updated levels for Coinbase are 63.5 and 53.5 , these are support levels and potential Short targets.
I added the 105 level for balance, Long target but I wouldn't hold my breath for it.
Tangible Book Value Range is still the same: 35.22 to 23.48
Net Current Asset Value: 11.48
The price has reached an upper wall of the channel I traced from around November 2021. Considering the volume Coinbase trades with, I think it can easily break through this wall, whether if I think it should is another topic.
I've linked my previous Coinbase ideas below, if anyone is interested in previous levels.
Qualitative
I will list the events and at the end make a conclusion as to why this Qualitative analysis matters, and how it should affect the NASDAQ:COIN price.
Coinbase in the news, July 21
July 21st 2022 - Former Coinbase product manager charged with tipping off co-conspirator about tokens that were about to be listed on the exchange.
This is commonly known as insider trading . Link to the official Press Release is attached below.
www.justice.gov
This was originally brought to light by a Twitter user Cobie, on April 12th 2022.
Brian Armstrong, the CEO of Coinbase in a twitter thread has revealed that since April they've investigated the alleged misconduct and provided the information to law enforcement. Happy ending, Coinbase did the right thing. Investigations take time, especially when multiple agencies are involved, if anything the timeline from April to July 21st of Investigation to Indictment is very quick.
For those of us following the crypto industry, often hear the word Regulation , we understand it's just a matter of time until the industry gets regulated.
It is funny that Coinbase in doing the right thing and reporting insider trading, led to the SEC officially naming several Coinbase listed tokens as Securities. What will this result in, I can't tell.
I linked the official SEC Press Release below.
Tokens Affected:
AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM
Regarding the DFX and KROM tokens, they do not show up in Coinbase symbol search, I assume they're no longer listed.
www.sec.gov
Conclusion
Coinbase has been struggling with financials, looking at the chart, it is clear that a lot of value has been lost. But, Coinbase has also done a lot to optimize it's operations since last quarter. Earnings Report is on August 9th, and I intend to read through the 10-Q.
Coinbase listed tokens being named as securities in the SEC report, SEC has mentioned before that currently it does not consider BTC and ETH to be securities, this might change. I anticipate Coinbase will revise it's listing framework, stricter rules, stricter due diligence. Either way, short term effects will be clear when the market opens today.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
NEWS
Next move on EURUSD pending This week we're about to see the FED Interest Rate decision.
This will most likely cause some moves and bring some trading opportunities.
On EURUSD we could expect that to push price above 1,0278 and take it up to our sell zone.
That's where we will look for possible short positions.
The target will then be a breakout below 1,0000!
COST news should cause drop on 7/8I was intuitively alerted that there might be news that takes COST down soon, and lo and behold I hear they have sales number being released tomorrow. SO, I decided to dowse on it to see what I come up with. The result is that COST should be down tomorrow around 7.25% or so and it is a long/buying opportunity. We'll see how it goes.
⚡️ #ETH/USD - The Merge-ereum ⚡️#PEOPLESCHOICE
#ETH
Probably the most talked about and promising assets to hold rn, it is pretty hard to go anywhere in crypto atm with out getting slapped with some Mergereum news. although it is what the market needs right now, so no complaints here- with huge consistent volume coming in them Whales are accumulating. As per some handy on-chain data the larget ETH buy in 7 months has been made at $1.7b which is a whole lotta ETH at these levels.
The big story is the Merge - whilst its not in the roadmap for Sept. it is a prediction of one of the devs there.
Projection on chart are based on the perfect scenario - ie no more global meltdowns or FUD and is ultimately subject to BTC. Expecting a retrace with TD9 forming, trendline & price resistance as well as a Bearish peak on the Alpha Wave.
Deeper Network DPR Crypto Bearish MDeeper Network DPR Crypto breaking down from the Bearish M Pattern with a drop to .0186cents. I am assuming it will do the drop when BTC Bitcoin does its next major drop.
Bullish News: Aug. 5 & 6, 2022 Deeper Network has an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors.
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time, there is an estimated amount of 3.3Million to 6.6Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA)
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed)
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
OGNUSDTHi dear friends
The price has been very nice in its movement, respecting the previous ranges, and until the orange uptrend line is broken to the bottom, I have no mentality for a downtrend.
In my opinion, there is a high possibility of forming an upward trend from the $0.2458 or $0.2348 price range.
The yellow range ($0.3454) is not so valid and probably there are no special orders in this range!!!
If the uptrend line doesn't break down, the longer term downtrend line is more likely to break, isn't it!?!?
$UMGP 3.5 Mil Float/Rashad Evans/3-4 PRs/Mergers/AcquisitionsUniversal Media Group Inc. has been on the ball lately tweeting about multiple updates on the horizon that the company is excited about.
June 6th:
We are actively involved in M&A discussions with multiple well known private media entities with significant IP/Revenues in addition to outstanding management teams that would seamlessly integrate within our operation. We will announce developments soon. These negotiations have slowed down some corporate actions all to be resolved soon. We do have multiple company announcements regarding new deals and shows that will be released this week and next. Thank you to our investors for your interest in $UMGP
umediagroupinc.com
The company recently teamed up with celebrity UFC fighter Rashad Evans on his NFT project which has multiple utilities including mental health.
The stock recently went to a high of $3.67 with a float that has remained relatively unchanged since then and with multiple more announcements to be made this could very well see past that to $5+
$CMGR Past hit $28 now .0035 7 Mil Float Tons of News and PRsImmense interest is still on this gem after moving 500%+ twice within the last month. It seems dilution has slowed down tremendously and it has found a bottom finally down here in the high .0030s to .0040s
I would anticipate another move is percolating and hopefully is sustained on a longer time scale, as it did in the past when it moved from .05 to $28 granted the float was probably closer to 1,000,000 back them, it being 7x that now we wont be seeing such an immense move but a $1+ move isn't out of the question given how easily it moves on news.
Its most recent 8K stated that GS Capital agreed to convert a convertible promissory, dated November 26, 2021, in the aggregate principal amount of $300,445 (the “Converted Note”), at the conversion price of $1.00
Which states there may very well be much more to come and to anticipate a much larger move on the horizon.
The company closed a promo deal with “The Farmers Dog, inc” raising a total funding of $103.1 Million
The company now has promo deals with Target, Dutch Bros. Coffee and Rob Gronkowski
In addition to several other recent deals inked.
$GMPR Huge Restaurant Acquis/Military Contracts/Retail ExpanCorporate Update Highlights:
1.Finalize the pre audits, audited financials with M&K CPAS, PLLC to finish the necessary financial statements for uplisting to NASDAQ.
2. Hire fulltime CFO
3. Acquisition of Black Rock Bar & Grill which was voted the #1 Steakhouse in Michigan 3 years in a row!
4. Pizza Fusion deal with US Military. Thier Gourmet Gluten-Free Frozen Pizzas in 150+ grocery stores, in 5 different states, through two food distributors Gia Russa & McAneny Brothers.
In March GMPR was 1 of 22 companies invited to the DeCA Arm Forces Food Service Military Show in Petersburg, VA. The US Military Food Service decision makers attended the show, sampled, loved and approved our Pizza Fusion’s Founders Pie for the US troops in Kuwait.
We have been told we have been approved to feed 36,000 US Troops based in Kuwait for two lunches and one dinner per week and all events and parties.
5. Cousin T’s expansion into retail and introduction of new products; Jose Madrid Salsa into food distributor McAneny Foods; PopsyCakes partnered with $16 million Chocolate company in Pittsburgh.
Gourmet Provisions International signed a distribution partnership with comedian Terrence K. Williams and launched his Gourmet line of Pancake mix under Williams’ custom brand Cousin T’s. in October 2021.
In early 2021 GMPR partnered with Williams to help create and launch a Gourmet line of food products starting with his own personal line of Gourmet Pancake Mix & Syrup all under his custom brand, ‘Cousin T’s’
www.CousinTs.com
www.globenewswire.com
There's no reason for it to be down here this low imo, huge moves should be coming here.
$UVSS Multiple Projects in Pipeline/Several Rev Streams/JVs/PRsCEO with a great track record recently replied to someone on twitter about potential multiple projects in the works and details on revenue streams around mid to late July.
He also said JVs and PRs about everything will be coming down the pipe.
With this super low float and the fact it ran to .04 on barely any volume and one PR. I anticipate substantial movement here possibly over .30+ in the near future.
twitter.com
There are also no notes, no convertible debt and no dilution on the books, management has also said there will be no dilution and no R/S.
This has the potential to be huge and I'm here for it.
twitter.com
$EVFM Only FDA Approved Hormone-Free Contraceptive on the Market$EVFM produces the only FDA approved hormone-free contraceptive & developing products preventing STIs & HIV. Phase 3 trial results coming later this year. High demand for contraceptives after Roe v. Wade was overturned.
www.cnn.com
Deeper Network DPR Crypto Bearish MDeeper Network DPR Crypto breaking down from the Bearish M Pattern with a drop to .0186cents. It is starting to hit the first resistance line, we will see if it can break thru or get pushed back down.
Bullish News: Aug. 5 & 6, 2022 Deeper Network has an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors.
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time, there is an estimated amount of 3.3Million to 6.6Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when the lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA)
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
- Burn Wallet (Warning this is a subject Deeper does not like to talk about): There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware…………
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if the country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
BTC 25% drop is upcomming !!!BTC will broke the triangle one way or another but i am almost certain that we are breaking to the downside. This will happen (AROUND) 13th of july.
I persoaly will enter a 25x short setting my TP at around 14 600. This will most likely be the bottom unless some bad political/economic news come. Atleast this will be the tehnicall bottom.
$HEM declared the addition of an entirely closely-held subsidiar
Hemostemix recently declared the incorporation of PreCerv inc . (A totally closely-held subsidiary of Hemostemix). Hemostemix can grant PreCerv a world field of use licence for NCP-01 and its autologous somatic cell technology to treat central and peripheral systema nervosum diseases.
⚡️ #MATIC/USDT - Potential 90% ⚡️⚡️ #MATIC/USDT - Potential 90% ⚡️
Entry Conditions:
Bullish Divergence
Bottom Of Triangle Range
Partnership Announcement
Moving Averages Turning Bullish
News Source:
blog.polygon.technology
Entry: 0.386 - 0.515
TP1: 0.572
TP2: 0.627
TP3: 0.683
YOLO: 0.747
SL: 0.27 or HOLD