*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Bitcoin continues to consolidate within what looks like larger wedge. Price is testing the upper resistance of that wedge, threatening a breakout.
Many altcoins are starting to move. In today’s video I analyze Bitcoin, EOS, BNB, LTC, BAT, ETH and XRP. I discuss where prices may be heading next, key areas to watch and so much more. I hope you find it helpful.
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing
Social media giant Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020, according to a report from BBC.
The news outlet said on Friday that Facebook is planning to launch the cryptocurrency-based payments system in “a dozen countries” by the first quarter of 2020 and is looking to start trialing it by the end of this year.
More details about Facebook’s crypto plan are said to be revealed in the coming months, the report said. It further added Facebook had looked for advice from officials of the U.S. Treasury and the Bank of England governor Mark Carney regarding opportunities and regulatory issues for the initiative, which is internally referred to as “Project Libra.”
United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online, according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay.
BitPay is a platform that converts cryptocurrencies to fiat and is used by over 20,000 businesses. AT&T is reportedly the first United States-based business in the wireless network industry to offer bill payments with BitPay. Kevin McDorman, vice president of AT&T Communications Finance Business Operations, said, “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”.
Russia’s central bank will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to a Tass report.
Elvira Nabiullina, governor of the Bank of Russia, said Thursday that her institution is to review a proposal for the development of the cryptocurrency.
Nabiullina said at the nation’s lower house, or Duma: “As for mutual settlements, we will consider, of course, [the] proposal on … a gold-backed cryptocurrency. But, in my opinion, it is more important to develop settlements in national currencies,” she said at the State Duma.
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged the central bank to allow crypto businesses to participate in its new regulatory sandbox.
“Regulation would ensure transparency, oversight and accountability. The onus or burden on the government may be shifted to exchanges or other platforms offering virtual currencies or trading thereon.”
Individual investors will soon be able to invest in Grayscale Ethereum Trust, billed as “the first U.S. publicly quoted security solely invested in and deriving value from the price of ethereum.”
The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulatory organization (SRO), has approved public quotation of shares in the trust, Grayscale Investments announced Thursday.
“All kinds of investors will be able to gain exposure to the price movement of ethereum without the challenges of buying, storing, and safekeeping ethereum,” wrote Marissa Arnold, a spokesperson for Grayscale, in an email to CoinDesk.
“Rebranding and Hardfork will be estimated approximately at 19.00 UTC on Friday May 24.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are still under the resistance line around 0.39$. We tested it several times these last day but till now, we are not able to break it more than some minutes. We could finish to have a correction to go test the support line at 0.33$ but I still have the hope that the BTC will continue its UP and that we could finish to break that resistance on the STEEM with that help. Let’s see what will do the BTC in the coming hours.
Bitcoin price action has certainly been interesting the past week. After seeing price rally to an obvious resistance point and bounce off we saw a higher low created and then another run at the 8,300 area resistance only to back off again.
Gearing up or breaking down?
That’s the question right now. After failing to break the 8,300 area again price did not pull back much and is showing some green the past 24 hours.
Honestly we are floating in the middle right now with a 50/50 chance or going up or down.
Upside – price pushes higher from here and breaches 8,300 on
As I looked at one final BTC chart before heading to bed last night, I thought to myself: “Dip coming – I’ll check it out tomorrow”.
Well, it’s tomorrow now.
Of course one of the first things I did this morning was to check the BTC chart, and frankly I was a little disappointed. You call that a dip BTC? That’s pathetic! How am I supposed to buy that! I regarded it as a non-event and ate my breakfast, thinking nothing more of it.
That is… until I sat down at my PC 10 minutes ago and opened a larger version of the
The official Consensus 2019 videos are now available for public viewing.
Our official Consensus 2019 video page is now live and features a slate of amazing talks from the Consensus main stage, our Business and Markets tracks, as well as our developer-focused Construct.
In these videos, you’ll hear from the likes of ConsenSys founder Joe Lubin, SEC commissioner Hester Peirce, 2020 presidential contender Andrew Yang, former U.S. Representative Ron Paul and Tron founder Justin Sun, among many more.
Per the post, Justice Joel M. Cohen of the New York Supreme Court (NYSC) ruled to grant the companies their motion for an immediate stay of the document demands. The court thus only requires the parties to produce documents and information related to whether there is personal jurisdiction over the companies in New York, while staying the document order in all other regards.
In yesterday’s motion, law firms representing the two companies specifically argued that the New York Attorney General (NYAG) has neither personal nor subject matter jurisdiction and that the NYSC cannot be appealed to, because Bitfinex and Tether are neither operated out of New York nor harmed investors in that state.
The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21.
The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain tech could achieve widespread institutional adoption.
The Blockchain Regulation Improvement Study Group was launched in June of last year, and initially focused on improving legal regulations pertaining to blockchain tech such as personal privacy, smart contracts, electronic documents and digital signatures, and the application of distributed computing systems.
Binance founder and CEO Changpeng Zhao is taking a unit of Sequoia Capital back to court after the VC investor’s case against him was dismissed.
The crypto exchange mogul, nicknamed CZ, claims Sequoia Capital China hurt his reputation and prevented him from raising money at favorable valuations and wants the VC giant to compensate him.
According to a filing submitted on May 20 to the High Court in Hong Kong and obtained by CoinDesk, Zhao has sent an application via his attorneys for a hearing before the court chambers on an order for “immediate summary of assessment of damages.”
Dash’s highly-anticipated “anti-51 percent attack” network upgrade has finally been completed, marking “one of the most important updates” in the blockchain’s five-year history, according to an emailed statement from the Dash Core Group.
The company behind the Dash cryptocurrency announced today that the Dash Core v0.14.0 software upgrade has officially gone live on its mainnet. The upgrade aims to solve the nightmare of 51 percent attacks while also providing near-instant transaction times, as Dash Core Group COO Robert Wicko previously explained in an interview with Decrypt.
While it is incredibly rare, a 51 percent attack is a dangerous occurrence. Mostly, it happens when a single party obtains over half of the total mining power on a cryptocurrency network. Using the computing power under his control, the attacker can easily manipulate the ledger, and steal the tokens.
“We will celebrate our 1st #anniversary on May 23 and we decided to organize a monthly 100 $CCX giveaway to 5 of our node owners….”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As expected yesterday, we did a new test of the resistance line at 0.39$ but we failed again to break it. It is always better to avoid a second fail on this kind of test but a third or even more tests could still be successfull so no drama till now. However, the more we fail to break that line, the more we have propabilities to see a correction taking place so as already explained yesterday, I really hope we will be able to break it asap.
The bears went on offense today, slapping price down from $8,000 to known support at $7,500. Bulls were able to successfully defend this support for now as buyers stepped in and pushed price back up to $7,700. Bitcoin currently is trading around $7,660. It’s approaching the apex of a larger wedge. Daily volume remains relatively strong, just above $24 billion. This suggests a larger move is likely to come in the next few days.
In today’s video I discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.
Alts are still cheap and I’m still buying! The time has come to be selective with what you buy: some altcoins have already shot up in price. Being a value investor, I try to pick the coins that represent the best deal at the time. Of course what I’m really saying is “Buy Low, Sell High”, but I’m always amazed at how difficult it seems for many people to do that, especially the “Buy Low” part! Well, I’ve done my best to buy low and I’d like to show you what I’ve considered worthy of buying this time.
Bitcoin has held above $7,500 for 3 days now. We’re starting to see price get squeezed with lower highs and higher lows. It looks like we may see a larger move in the next 3-6 days. The weekly chart looks extremely extended. A decisive break below $7,500, could usher in a the larger correction many are waiting for.
Zooming in on the 4 hour chart, things are a little less clear. I can certainly make an argument for a short term break above the prior swing high. In addition to a tightening range (which could break either way), we’re starting to