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Friday, 29. June 2018
→ Binance Opens Its First Crypto-Fiat Exchange in Uganda
The world's largest cryptocurrency exchange has just launched a fiat trading pair in Uganda.
→ Bank of England: Deputy Governor Warns Financial Institutions of Crypto Asset Risks
A Bank of England deputy governor has written a letter of warning on June 28, to CEOs of financial institutions about the risks of exposure to crypto assets.
→ South Korean Financial Watchdog Releases Stricter AML Guidelines for Virtual Currencies
South Korea’s top financial regulator has released a set of revised AML guidelines for virtual currencies, according to a press release published this week. Daily Performances General Comments:
There have been a mix bag of news coming out over the last 24 hours. In general there have been both positive and negative news but for choice the market seems concerned more about the negatives (eg. some exchanges giving in to Japanese regulator pressure). BTC broke below USD6'000 again in extremely light volumes (USD11 billion according to Coinmarketcap in the last 24H). More time will be needed to escape the doldrums and turn the tides. Weekly Top 5 Price comparison
- BTC . - ETH . - XRP . - BCH . - EOS Technical Analysis - BTC
Bitcoin price nursing nominal losses on Friday, heading for a second straight month of declines at around 20%. BTC/USD has been producing lower highs and lower lows, which point to a potential larger move to the downside. The key near-term support is eyed at the 24th June low, around USD5'759 https://preview.redd.it/2wl8t73cmx611.png?width=1344&format=png&auto=webp&s=6e9dab79384f149383b5c6f4dfe2728ec59e1ec6
Thursday, 28. June 2018
→ World’s Second Largest Crypto Exchange Binance Resumes Operations After ‘Risk Warning’
Binance has resolved a “risk warning” that had halted trades and withdrawals since yesterday.
→ US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown
US authorities' agents had been operating undercover on the Darknet for the past year. The massive operation uncovered the true identity of over fifty vendors on sites.
→ Huobi Pro is Suspending Cryptocurrency Trading for Users in Japan
A lack of registration with the country’s financial regulator will see cryptocurrency exchange Huobi Pro suspend services to users in Japan next month. Daily Performances General Comments:
Most of the top ten coins are seeing a mild recovery. EOS and IOTA have seen the largest gains, respectively trading up 6.08 and 4.34% over the 24h. Total market cap is around USD247 billion, up almost 6% from this week’s low on June 24 of USD235 billion.However, the reverse ban on crypto advertisement by Facebook had no impact on the cryptocurrency markets in any way in the short-term. Unless the volume of major digital assets spike up in the next 24 to 48 hours, it is unlikely that the market initiates a large corrective rally and loses more value in the short-term. Weekly Top 5 Price comparison
- BTC . - ETH . - XRP . - BCH . - EOS Technical Analysis - BTC
Bitcoin price is under pressure below USD6'200 against the US Dollar. BTC/USD must stay above the USD6'000 support to avoid further losses in the near term. https://preview.redd.it/wiapn1528p611.png?width=1024&format=png&auto=webp&s=97ff5b1e6d1e6fd3c0f478615a7b18d11ce789ad
Wednesday, 27. June 2018
→ Facebook is reversing its ban on some cryptocurrency ads
Advertisers will need to apply, but ICO ads are still banned.
→ Nobel Economist Naysayer Robert Shiller Calls Bitcoin A ‘Social Movement’
Robert Shiller, who has called bitcoin a bubble, has observed that bitcoin is a social movement and its popularity in the U.S. varies based on geography.
→ Exclusive: Maltese Parliament to Pass Second Reading on 3 Crypto Bills
T he Maltese Parliament will be passing the 3 cryptocurrency and blockchain bills through their second reading later on today, CCN can exclusively reveal. https://preview.redd.it/dq9rvouiyj611.png?width=1076&format=png&auto=webp&s=e9b28a1ab94929c67b2f988ead0775738d312511 Technical Analysis - BTC
BTCUSD price dropped to 6000 to reflect the return in selling pressure and a stronger downside momentum. The price recovered from early losses reached at USD6'006, but still in the red zone on daily basis. The local support is created by USD16'137, followed by USD6'194. On the downside, USD6'000 serves as a critical support, followed by Sunday's low at USD5'777. Daily Performances General Comments:
Most coins are in red again as the recovery momentum proved to be too weak to take prices above critical resistance levels. While no one knows for sure when this bear market hit the bottom, ceteris paribus, we will continue hitting new lows for the foreseeable future. Bitcoin is changing hands at USD6'080, down 2.4% on daily basis. https://preview.redd.it/a3d56ufnyj611.png?width=1344&format=png&auto=webp&s=184afc117466eadfe5073de853b41b869c9765ca
Tuesday, 26. June 2018
→ South Korea to Invest $230M in Blockchain Technology Development
South Korea revealed a Blockchain Technology Development Strategy on June 21st earmarking a total of 230 billion Won toward its development.
→ Crowdfunding Token Sales, the New ICO?
The EU is to raise the crowdfunding exemption from accredited investors rules to €8 million ($9.35 million) from the current €5 million.
→ Robinhood Aims to Disrupt Further by Launching a Cryptocurrency Wallet
Robinhood is working on a crypto wallet. This would allow their customers to move their crypto from other wallets and brokerages into the platform without having to sell them first. Daily Performances General Comments:
As Bitcoin bounced back after crashing below USD6,000 at the end of the previous week, some crypto bulls come out with optimistic views. Crypto bulls struggle to calm down speculative panic on the market by reminding traders and investors that Bitcoin has a history of deep corrections and even downside trends, but in the longer-term perspective it is still a viable investment and revolutionary concept. Weekly Top 5 Price comparison
- BTC . - ETH . - XRP . - BCH . - EOS Technical Analysis - BTC
BTC is changing hands at USD6,246, off Monday's high reached at USD6,300, but still in the green zone on daily basis. Once USD6,300 handle is cleared, the ultimate resistance of USD6,400 with come into focus. A sustainable break higher is vital for extended recovery. https://preview.redd.it/408dqus6zb611.png?width=1344&format=png&auto=webp&s=7300a6bab7069a47dbd4557514a28df757716159
Monday, 25. June 2018
→ Why Tech Darlings Robinhood and Square Don't Care About Crypto Profits
Robinhood said that the company does not expect to generate large profits from its cryptocurrency platform in short-term, and the company is fine with it.
→ Quebec Is Weighing A Plan to Sell 500 Megawatts to Crypto Miners
Hydro-Quebec has submitted to the Quebec government the main guidance to select crypto companies to work with.
→ ICO incubators are kickstarting the future of cryptocurrency
Global Blockchain Technologies Corp. (TSXV:BLOC.V, OTC:BLKCF) and others like it are helping new ICOs succeed with its ICO incubator.
With BTC traversing below the psychological USD6'000 level and temporarily breaching USD5'800, this consummates the USD5'000 to USD20'000 round trip since the rally starting November of 2017. The market has since recovered above 6'000 but the recent price action can be described as a slow motion bleed out in thin volumes and a lack of large participation. There have been a multitude of news catalysts, mostly negative, that could have caused this such as continued exchange hacks, regulatory tightening, and most recently negative price action from the much hyped EOS. As can be seen from extremely low option implied vols, none of the recent moves indicate any level of panic. As we approach summer it is possible we see a prolonged period of doldrums, but external geopolitical and economic factors could be a catalyst for a turn in the market. https://preview.redd.it/mxmx97ejt3611.png?width=872&format=png&auto=webp&s=0e547f7317c3870d8f9ffc375d8423f8ef96789c Technical Analysis - BTC
We saw a big reversal on Sunday, a lot of it seemed to be fuelled via short covering on BitMEX, where we saw sizeable short liquidations and a marked decrease in open interest on the swap. At the moment the movement remains a short term bounce and we remain in a downtrend on the daily chart, a close above 6'800 would change our bearish view and turn it into bullish. https://preview.redd.it/2rqm11dmt3611.png?width=1344&format=png&auto=webp&s=7c2733c01234eaaf54f4a30ee7000255bd58e7dc
Many thanks to Mariem
@SwissBorg for providing us with THE latest news. Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2018 SwissBorg, All rights reserved
Furthermore, Bitcoin SV has recently plummeted to fresh year-to-date lows in the light of these developments. The #delistBSV movement has recently been gaining momentum For those who need a refresher on the topic, Bitcoin SV (BSV) is a Bitcoin … Continue reading Binance and ShapeShift Delist Bitcoin SV, Kraken Under Pressure to Follow → OKEx Says Addresses Sending $960 Million in Bitcoin to Binance Are Not Theirs. Francisco Memoria; 16 Oct 2020 / In #Business, #Exchanges; A total of 8,500 BTC were flagged as being moved from crypto exchange OKEx to Binance over two transactions, with the first one being of 5,000 BTC ($56.5 million) and the second one being of 3,500 BTC ($39.6 million). The transactions were spotted by large ... On Monday (November 25), between 04:50 UTC and 04:50 UTC, Bitcoin fell to below $6,700, a level last seen on 10 May 2019. According to data from CryptoCompare, over the weekend, the price of Bitcoin moved in the range $7,227 and $6,914, i.e. there was a drop of 4.3%.. By 04:50 UTC, the Bitcoin price had dropped even further to $6,686. At the time of writing, Bitcoin is trading down just under 1% at its current price of $13,150. This is around where it has been trading throughout the past 24-hours. Yesterday, bears did spark a move down to the cryptocurrency’s critical support at $12,800, but the buying pressure here was intense and helped slow its descent. Bitcoin Gains Stability as Economist Notes That the Bottom May Be In. At the time of writing, Bitcoin is trading up just under 1% at its current price of $9,690, which marks a notable climb from its weekly lows of $9,200 that were set at the bottom of the flash crash seen this past Wednesday. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume ... I mad bad controversial decisions under pressure. And it hurt everyone. I failed your expectation and I am sorry.” – The former lead developer said. SushiSwap Going Forward. Ever since Chef Nomi transferred the control over to Sam Bankman-Fried, the ...
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