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OTCbid - Bitcoin Dominance Grows As Crypto Risk Appetite Remains Low

" The crypto market has been moving in the red during today’s trading session with Bitcoin and Ethereum surrendering the past week’s gains. The first cryptocurrency by market capitalization seems to be reacting to the Federal Open Market Committee (FOME) meeting set for tomorrow.

During this event, the U.S. Federal Reserve (Fed) is expected to potentially announce an increase in interest rates. Projection aimed at a 75 basis points (bps) hike, but the financial institution might surprise the market with a 100 bps in an attempt to cut down inflation.

The Consumer Price Index (CPI), a metric used to measure inflation in the U.S. dollar, stands at a 40-year-old high. This has forced the Fed to shift its monetary policy by hiking interest rates, reducing its balance sheet, and removing liquidity from global markets.

As a consequence, Bitcoin and the crypto market have been trending to the downside. The benchmark crypto saw a period of relative stability when it was able to stabilize at around $20,000, BTC’s price current level.'- Read Full Article

Source: NEWSBTC

10K-150K BTC BUYER IN USA

-6% gross, -3% net, USDT to BTC Swap, Escrow Attorney's IOLTA, New Jersey, USA

Seller Mandate Only

NEW: 10K-150K BTC @ -6% gross, -3% net, USDT to BTC Swap, Escrow Attorney's IOLTA, New Jersey, USA - Look For Seller

(Buyer : TALI 00-TELE)

Post: 27.7.22

A Buyer is looking for 10K-150K BTC @ -6% gross, -3% net

Buyer = 3%
Buyerside = 1.5%
Sellerside = 1.5%

Tranches = 1000 - 2500+ BTC per day, every day, until the seller run out of BTC
Tranches = Looking to do 20+ tranches per day

PROCEDURE :

Buyer will send $5M - $10M in fiat to a US based escrow attorney's IOLTA account. If the seller has preferred attorneys, just send me a list and I'll check them out with the buyer. If not, we can provide the Seller with a few we work with.
The escrow just acts as a guarantee for the seller in case the USDT does not show up.

So the steps would be
1) Paperwork signed, etc
2) BUYER MOVES FIRST -- $5M - $10M into escrow
3) Seller sends $5M - $10M of BTC to Buyer's wallet
4) Buyer sends $5M - $10M of USDT to Seller's wallet
5) Repeat steps 3 & 4 up to 20 or more times per day

Escrow is NOT involved in the transactions. Again, it's just a guarantee for the seller and eliminates the "who moves first" in coin-to-coin transactions.
Please note that the buyer is not interested in using a custodian wallet. They would prefer to have the fiat sit in a US escrow IOLTA account which is insured and regulated. If, for whatever reason, the BTC does not arrive, they can get their funds back. If, for whatever reason, USDT is not received by seller after sending BTC, the seller is paid in full by the fiat in escrow. This eliminates the risk of who moves coins first in a wallet to wallet transaction.
Total coins needed -- Buyer can contract for almost any amount, but they are looking to transact 1000 - 2500+ BTC per day, every day, until the seller is out of BTC.
Tranche size -- equal to whatever is put in escrow -- in this case $5M or $10M. Seller would send $5M or $10M in BTC. Looking to do 20+ tranches per day
Currency to be exchanged -- stable coin, specifically USDT (any type) or USDC

PROCEDURES would therefore be (after paperwork and test tranches) :
1) Funds move to escrow.
2) Buyer provide seller with buyer's nominated wallet details to receive his BTCs.
3) Seller sends BTC equal to the amount of USD in escrow at market price.
4) Buyer sends USDT back to seller's nominated wallet at send price in #3
5) Steps 3 & 4 repeat 20x per day.