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? Daily Crypto News, July, 31st?

July 31, 2019 (updated July 31, 2019) Published by
  • $500K, 60 Lawyers: Filing Reveals Costs of Bitfinex’s Fight With NY Regulators ;
  • Live: Crypto, Blockchain Hearing at US Senate Banking Committee ;
  • Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia ;
  • VP of Engineering Tim Wagner Becomes Latest Exec to Leave Coinbase ;
  • Major Indian Trade Organization Speaks Out Against Proposed Crypto Ban ;
  • ? Daily Crypto Calendar, July, 31st?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? $500K, 60 Lawyers: Filing Reveals Costs of Bitfinex’s Fight With NY Regulators

Bitfinex and Tether have spent half a million dollars just on finding documents for the New York Attorney General’s (NYAG) office, a new letter by its lawyers says.


In the letter filed with the New York Supreme Court Tuesday, attorneys Jason Weinstein and Charles Michael of Steptoe and Johnson LLP, and David Miller and Zoe Phillips of Morgan, Lewis and Bockius LLP, urged Judge Joel M. Cohen to rule against immediately compelling the crypto exchange and stablecoin issuer to produce all the documents the NYAG demanded.


Cohen previously ruled that Bitfinex and Tether would need to preserve and turn over a subset of those documents, staying the rest of the NYAG’s injunction.

? Live: Crypto, Blockchain Hearing at US Senate Banking Committee

During today’s United State Senate Banking Committee hearing on the regulatory framework for cryptocurrencies and blockchain, Cointelegraph will be updating live with the most important developments. 


The July 30 hearing, titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain,” follows the previous hearings in mid-July that examined the regulatory hurdles surrounding Facebook’s Libra.


Circle CEO Jeremy Allaire will be a witness today in front of the Senate Committee on Banking, House, and Urban Affairs on behalf of The Blockchain Association, along with Rebecca M. Nelson, a specialist in international trade and finance, and Mehrsa Baradaran, a professor of law at University of California, Irvine School of Law.


For more detailed information on the witnesses, Cointelegraph has a dedicated analysis here.

? Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia

The Russian Federal Customs Service has opened a criminal investigation into an importer of bitcoin miners for potential underpayment of customs fees.


The Far-East Trading and Industrial Company, or DTPK, may have failed to pay about $1.2 million on 6,012 Bitmain-manufactured ASIC miners imported from August 2017 to February 2018, according to a search warrant obtained by CoinDesk.


DTPK, based in Moscow, showed customs officers falsified documents with the incorrect prices for the equipment, which included Bitmain’s Antminer S9-13.5, L3+ and D3 models, along with power elements for them, says the search warrant, dated July 17.

? VP of Engineering Tim Wagner Becomes Latest Exec to Leave Coinbase

Coinbase executive Tim Wagner is leaving the crypto exchange after slightly over a year on the job. Other high-ranking engineering staffers are leaving too, CoinDesk has learned.


Wagner, Coinbase’s vice president of engineering, will be departing in the next two weeks, a Coinbase spokesperson confirmed. The departure will leave a vacancy on the company’s leadership team.


Previously, Wagner served more than six years at Amazon Web Services, making him one of most senior alums of big tech to join the cryptocurrency industry. Wagner joined shortly after Coinbase acquired Earn.com and made Balaji Srinivasan its chief technology officer.

? Major Indian Trade Organization Speaks Out Against Proposed Crypto Ban

Nasscom, a major Indain trade organization, has said that it is against a blanket ban on cryptocurrencies, which was recently proposed by a governmental panel in the country According to a report by local financial periodical The Economic Times on July 30, Nasscom commented:


“Nasscom believes that the recent proposal of the inter-ministerial committee of the government to ban all cryptocurrencies barring those that are backed by the government, is not the most constructive measure. […] Instead, the government should work towards developing a risk-based framework to regulate and monitor cryptocurrencies and tokens.”


As per the report, Nasscom claims that crypto projects can always be tested in regulatory sandboxes prior to launch. Nasscom also reportedly believes that banning crypto will only serve to push away legitimate businesses who are already pro-compliance.

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? Daily Crypto Calendar, July, 31st?

Opacity 1.1 features, such as folders, desktop sync, and more, released by end of July.

The token swap takes place three months after the mainnet release.

Get the latest on our “5P” achievements (People, Product, Partnership, Pipeline, Progress). Mark your calendar for July 31 1PM UTC / 9AM EDT…

ZB Talk meetup in São Paulo, Brazil from 14:00 – 17:00.

SubstratumNode v1.0.0 RC1 release expected in July.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

It is nice to see that we are sitting on that line since days now. I don’t mean that I like that value for the STEEM but at least it looks a good level to allow the STEEM to consolidate and prepare the next move which we hope will be a nice UP.

Let’s hope the BTC won’t make a massive correction which will destroy that support line, this is the only risk that we have now at short term.

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Don’t miss this one!

July 30, 2019 Published by

 

Yesterday I bought myself (another) 75 KuCoin Shares (KCS).

Yes, I know that my previous post was all about the KuCoin Exchange (The Best Crypto Exchange just got Even Better! (Again)). I apologise for the lack of variety, but this is important and time is of the essence! Similarly, I can’t just write another “Shopping Cart” post and risk you missing this important buy!

I bought those 75 KuCoin Shares (trading STEEM and Ethereum for them) in order to be able to take part in the latest KuCoin programme. Of course they only released this information after my last post – Murphy’s Law at work once again!

So what is the latest KuCoin programme (as if they haven’t already launched enough new initiatives this month already!)?

This is it:

From https://www.kucoin.com/news/en-kucoin-will-launch-the-kcs-lockup-cash-back-program-and-burn-plan

 

 

Of course, if you follow me on Twitter, then you probably already know this:

From https://twitter.com/brain_bit

 

 

If you have a Twitter account and you don’t want to follow me… then, well, I guess I’m sorry – I don’t know how to cure “stupid”.

What is the KuCoin Lockup Plan?

The lockup plan is a three-month lockup of KuCoin Shares on the KuCoin exchange. In other words, it’s a staking contract. The more you stake, the more you can earn. Importantly, the sooner you stake, the more you can earn too. And that’s where it gets impressive:

Recently I staked my WAX coins on their new native (EOS-cloned) blockchain. Returns on that contract amount to 100% over a period of 3 years, which I think is very good! But the KuCoin figures are even better: returns are far higher, working out to a rate which equates to an estimated annual ROI of 50%. Over the three-month period of their staking contract, that works out to just over a 10% return. Not bad for three months, especially with no work involved! That is, quiet simply, the best staking contract I know of in crypto. By far. Yeah you could also get those sort of returns by running the right crypto masternode, but that would probably be considerably more risky – and possibly a lot more expensive.

To get into the KuCoin Staking contract you will need a minimum of 200 KCS. The news of this opportunity caused a price rise in KCS, the tokens have gone up from around $1.30 each to around $1.60. Thus (at time of writing) it will cost you a minimum of $320 to get into the programme – which isn’t cheap, but I consider it to be well worth it if you have the money available! There is a good chance that prices may drop after the staking contract closes, but I really don’t care: KCS is a long-term hold and will no doubt shoot up in price as the platform gets busier (As it has before – to an ATH of $20.17).

Set your alarms:

The lockup plan works as follows: it runs for the month of August, but those who lockup first stand to score the most. Estimated returns start at an annual rate of 50%, but then drop off by 0.5% every day thereafter, so you want to lockup on day one! The staking contract opens on 1 August (I assume directly after midnight) and the time zone used for that is UTC +8. In other words, the contract opens at 16:00 UTC on 31 July, at least I think it does.

For the whales out there, there is a maximum daily lockup amount of 10000 KCS. There is another limit that applies to everyone: a maximum of 500 000 KCS can be locked per day, so don’t wait too long! If you do miss day one or two, it isn’t the end of the world, 49% annual ROI on day three is still pretty darn fantastic! Even if you lockup on the final day of the month, the annual ROI rate will still be 35%, which still beats practically any other staking contract! The entire lockup programme will stop if and when 5 000 000 KCS is locked. This could happen in as little as 10 days, or it may not happen at all. Here is an added bonus: however much is locked up in the programme (in total), that same amount of KCS will be burnt in December 2019. KuCoin are burning KCS like wildfire at the moment (check my previous KuCoin post), a trend which seems to be continuing. This is great for KCS holders, especially when they are getting more KCS for free! If 5 000 000 KCS is burnt, that will mean that the total amount of KCS in existence drops by 2.8%! If you prefer to work with circulating amount (which I do not advise), then that percentage rises to 5.6%! Remember: you can always check out the latest information about KCS specifically at the KCS dashboard at  https://kcs.kucoin.com

You don’t have much to lose

For those who fear that KCS price will drop radically during the three-month staking period, take heart: you can cap your USD losses at 10%. This is because KuCoin have built a safety net into the system: they have a guaranteed service that works like this (in their own words):

After the KCS unlocks, KuCoin provides a service for repurchasing the user’s locked KCS at the price of 10% off the average KCS price (USDT price) on the day of the user’s lockup

What this allows you to do is to turn your recently unlocked KCS into USDT a price of 10% less than what it was worth during the lockup period. The programme is thus not only a good way to buildup your crypto holdings, but also a way to hedge against drops in the market! This offer expires 24 hours after unlocking and is only valid as long as you have not traded or moved your KCS.

On the downside, tokens locked into the new programme do not earn the usual daily staking rewards that KuCoin offers to KCS holders. However, those rewards are FAR less than what you stand to gain by participating.

Conclusion

I fully intend to lock up my KCS for this period, and I will do so as soon as I can. For those who don’t hold KCS, I think that the rise in the token price has been minimal and that it is still well worth your time to participate. I truly believe that KCS is an excellent token to hold and that it is greatly undervalued. I also firmly believe that KuCoin is a fantastic exchange. I’ve been using it for nearly two years now and I am 100% happy with it, in fact it often exceeds my expectations!

Following hot on the heels of “Soft Staking”, KuCoin is obviously focusing on staking lately and their offerings in this regard are extremely impressive. I hope they continue in this vein, if they do it should win them many new customers. I do not know what will happen after the three month lockup period ends, I know that your staked KCS will be returned to you, but I don’t know if another programme will follow thereafter, I hope it does! Perhaps it will become an annual event, who knows? At this stage information is still limited. Read the latest of KuCoin’s own articles about the the lockup here:  “KuCoin Will Launch The KCS Lockup & Cash Back Program and Burn Plan”

If you are not a KuCoin user yet, please consider clicking my “KuCoin” banner in my signature and signing up wit my referral link. I get tiny amounts of some of your transaction fees if you do, for which I would be most grateful. While you are at it… remember that Nash goes live next month!

From https://twitter.com/brain_bit

 

 

Nash and its NEX token should become big names in the world of crypto exchanges. After its launch, I see Nash being the best DEX by far, even better than Binance DEX. Initially trading pairs will be limited, but that will change with time. The highly advanced Nash platform and the myriad added features should make it extremely attractive to investors and crypto traders alike. I have built up a relatively big stack of NEX which I am hoarding jealously. I strongly recommend that you look into NEX if you have not already done so.

In the meantime, why not sign up so long? Once again, I have a referral link in my signature. You HAVE to use a referral link to sign up – there is no option to sign up without one. This is designed into the system to help spread the word. The referral link gives you entry into a competition: you can win BTC and NEX by signing up. The lucky draw is at the end of the year, and the more people you refer with your own code (that you will get after signing up), the more entries you get into the competition. I have never been this excited about the launch of an exchange before!

Yours in great crypto exchanges
Bit Brain

Attribution: Featured image from https://www.kucoin.com/news/en-kucoin-will-launch-the-kcs-lockup-cash-back-program-and-burn-plan

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





? Daily Crypto News, July, 30th?

July 30, 2019 (updated July 30, 2019) Published by
  • Head of SEC Enforcement Dept. for Cryptocurrency, Cyber Security Resigns ;
  • Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival ;
  • Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’ ;
  • Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King ;
  • Judge Rules to Extend Bitfinex and iFinex Case in New York ;
  • ? Daily Crypto Calendar, July, 30th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Head of SEC Enforcement Dept. for Cryptocurrency, Cyber Security Resigns

The chief of the United States Securities and Exchange Commission (SEC) Division of Enforcement’s Cyber Unit, Robert A. Cohen, has stepped down from his role at the commission.


According to an official announcement by the SEC, Cohen served as the first chief of the Cyber Unit since its inception in 2017.


The Cyber Unit is in charge of securities violations pertaining to cryptocurrency and digital assets, in addition to cyber-related trading violations and cybersecurity disclosures and procedures.


Regarding Cohen’s work as chief of the Cyber Unit, the Division of Enforcement’s co-director Steven Peikin said:


“The Cyber Unit has been a great success under Rob’s strategic leadership […] Soon after its creation, the Cyber Unit immediately began filing impactful cases that protect investors and demonstrate the SEC’s ability to respond nimbly to new and difficult challenges.”

? Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival

Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run.
History may repeat itself with mining reward halving due in less than 12 months.


BTC may rise back to $10,000 in the next 24 hours or so with short duration charts signaling seller exhaustion.


A UTC close above $11,120 is needed to revive the bullish view. On the downside, key support is seen at $9,049 (July 17 low).

Bitcoin witnessed a golden cross in the three days to Feb. 3, 2016 – six months ahead of the mining reward halving – following which the cryptocurrency charted its way to a record high of $20,000 by December 2017.

With another reward halving (effectively, a supply cut) due in less than 12 months, history may just repeat itself.

As of writing , BTC is changing hands at $9,500 on Bitstamp, down 31.55 percent from June’s high of $13,880. The cryptocurrency could rise to $10,000 in the next 24 hours, according to the short-duration technical charts.

? Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’

Square Crypto is focused on bitcoin, not the publicly traded company’s specific products.


That was the message Monday during a Twitter ask-me-anything (AMA) with the head of Square’s crypto team, Steve Lee.


The unit’s playful Twitter account fielded questions from its followers as well as crypto-community luminaries. With tweets signed simply “Steve,” it was Lee’s first set of public remarks on the team’s broad objectives since being hired in June.

? Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King

Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow’s over-the-counter trading desks.


They use the cryptocurrency to send large sums back to their home country, which has strict capital controls.
Previously the merchants used bitcoin for this, but when the market crashed in 2018 they switched to tether, which is designed to maintain parity with the U.S. dollar.


Despite longstanding questions about USDT’s collateral, in this market “nobody actually cares if tether is backed or not,” says one Moscow trader.

? Judge Rules to Extend Bitfinex and iFinex Case in New York

Justice Joel M. Cohen of the New York Supreme Court (NYSC) has ruled to extend the preliminary injunction in the ongoing case of crypto exchange Bitfinex and Tether’s parent company, iFinex, against the New York Attorney General (NYAG), on July 29.


Cohen reportedly decided to give a 90 day extension to the case, which apparently means that OAG can continue investigating. Lawyers of Tether tried to appeal to dismiss the motion immediately, but Cohen rejected their appeal.


Speaking before the court, iFinex also argued that the court does not have subject matter jurisdiction because Tether is not a security or commodity as there is no futures market. The companies’ defense also stressed that Tether and Bitfinex are two different companies with two different business models, and that it is not proper to treat them as a single entity as the OAG does.

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? Daily Crypto Calendar, July, 30th?

ARK reveals a “brand new project” building on ARK.

“Nathan Kaiser, Chairperson of the Cardano Foundation. Nathan will be joining Hong Kong Cardano Community meetup on July 30”

We’re able to share all the details of the nOS blockchain in our new whitepaper — releasing July 30th, 2019.

Sigma privacy protocol activates, after release date pushed back one week from July 23 to 30.

“Sign up today for the first episode scheduled for July 30th at 2 pm EST/8 pm CEST!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are still testing that support line at 0.24$ since several days now and till now, we didn’t have a real break of it, even sometimes with a correction on the BTC.


What do you think? Do you think the marketis thinking that 0.24$ is low enough for the STEEM? Do you think it is just a pause before the next correction? Your TA or opinions are welcome.

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Last Updates

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BITCOIN: What’s your bet…

July 29, 2019 Published by

Since volume keeps on diminishing and trading activity slows down due to narrowing prices I am trying to get the most positive scenario thus I am considering the possibility of being in a “Falling Wedge” Pattern:

The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. (Source)

If this pattern is triggered, the most likely result would be the continuation of the trend previous to the pattern, so UPTREND…towards 14000 USD.

But then, you have another pattern in formation, this time is the other face of the coin…

Yep, a very bearish pattern here, pointing towards 4800 USD.

In my opinion, nowadays we have a 50/50 chances on one of the both options so, very difficult to take a decision now… we have to wait for one of the two get triggered and follow the trend.

What about you?

Let’s see what is the opinion of the audience here.

I am curious to read what is your opinion about which of the two proposals are more likely to happen next. I will upvote all the comments on that regards.

Enjoy!

@toofasteddie

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.

Bulls Trying to Hang On

July 29, 2019 Published by

Price is once again consolidating on top of the $9,400 support after a quick drop to $9,100. The larger ascending support line seems to have turned into resistance.

Screen Shot 2019-07-29 at 9.55.13 AM.png

In today’s video we’ll discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) 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 you safe and profitable trading.

Workin

If you found this post informative, please:

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? Daily Crypto News, July, 29th?

July 29, 2019 (updated July 29, 2019) Published by
  • CoinLaunch Reaches $50,000 Settlement With Ontario Securities Commission ;
  • Perverse Outcomes: FATF, Bitcoin and Financial Exclusion ;
  • The Facebook Libra Hearings: Everything You Missed in 5 Minutes ;
  • CoinLaunch Reaches $50,000 Settlement With Ontario Securities Commission ;
  • Bill Miller Hedge Fund Surges 46% Thanks to Bitcoin, Amazon ;
  • ? Daily Crypto Calendar, July, 29th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? CoinLaunch Reaches $50,000 Settlement With Ontario Securities Commission

As Bitcoin dropped an additional 8% on Saturday, naysayers claim the rally to a new all-time high is over. So what is it that’s keeping market analysts bullish in the face of a 33 percent correction? 


Bitcoin price bears draw a line at $10,000


Bitcoin’s most recent price action has been less than satisfactory, unless you’re a bear. To date, the top digital asset is down 32% from it’s 2019 high of $13,739 and short term price action remains overwhelmingly bearish.  

Over the past two weeks Bitcoin formed an M-top at $13,739 and $13,177 before dropping to the neckline around $9,600. Most traders expect that Bitcoin will retrace to the 61.8% and 50% Fibonacci Retracement level which is also near the CME futures gap. It’s possible that the group think surrounding the CME gap is causing it to function as a magnet, drawing BTC price nearer to the $8,500 – $7,500 range. 

BTC/USD

Dormant Bitcoin wallet address hit new all-time high

Earlier this week Coin Metrics released a report showing Bitcoin’s untouched supply reaching a new all-time high of 21%. 

Not everyone supports this conclusion, however. Adamant Capital founding partner Tuur Demeester countered saying that: 
“I’m not so sure […] 5 years without updating your cold storage method is a long time in Bitcoin. Imo most of these coins are likely lost.”

BTC Untouched Supply

Start of new bull markets coincides with miner capitulation, data shows

On Saturday expert crypto-analyst PlanB tweeted a rather intriguing chart that he and ParabolicTrav worked on.

Bitcoin bull markets start at difficult bottom

According to the analysts, after a BTC/USD rally reaches its peak, a massive amount of Bitcoin is available at lower prices. The start of new Bitcoin bull markets have coincided with miner capitulation and Bitcoin price tends to rise from these bottoms to grow 100 times. 

According to PlanB:

“We saw difficulty bottoms (miner capitulation) in Dec 2011 ($4.6), May 2015 ($230) and Dec 2018 ($3,896). Price continues to rise from these bottoms until ATH around 100x […] Implying a continuing uptrend until $370,000 ATH.” 

? Perverse Outcomes: FATF, Bitcoin and Financial Exclusion

In last week’s column — my third on Libra — I referred to a core dilemma confronting the cryptocurrency project’s financial inclusion goals: the impossibility of being both pro-privacy and pro-KYC.


I promise a break this week from Libra and its controversial founder, Facebook. But I want to dive deeper into that dilemma because the problem is hardly unique to that project. As “know-your-customer” rules have steadily encroached into their world, all cryptocurrency startups trying to expand financial access for the poor are hamstrung by requirements to identify and track the people they seek to serve.


This contradiction stems from tough policies contained under Anti-Money Laundering and Combating the Financing of Terrorism rules (AML-CFT), which were tightened worldwide after the September 11 attacks in 2001 and then again after the financial crisis. Since virtually every bank needs access to dollars, KYC rules everywhere tend to follow models laid down in the U.S. Bank Secrecy Act and in guidelines of the U.S. Financial Crimes Enforcement Network, or FinCEN.

Further internationalizing pressure comes from the inter-governmental Financial Action Task Force, or FATF, which sets the regulatory standards by which countries pressure each other to comply.

? The Facebook Libra Hearings: Everything You Missed in 5 Minutes

“It’s not a surprise to me that inevitably corporations are going after creating their own tokens but for Facebook to be one of the first big ones is is pretty much a surprise,” said Lukka CEO Jake Benson told us when news of Libra began to spread. The world shared his surprise when Facebook unveiled its wild cryptocurrency dreams last month. But that surprise quickly turned into concern and condemnation as politicians started thinking about what it meant for a company to run its own mint.


Facebook’s reaction to the hearings was also surprising. The usually-reticent social media giant sent their best fighter – Libra co-creator David Marcus – into the ring to defend the currency and the battle raged for two days as the U.S. Congress and Senate took turns bringing up their concerns.


The result? A stalemate… for now. token transactions.

? CoinLaunch Reaches $50,000 Settlement With Ontario Securities Commission

Initial coin offering (ICO) consultant CoinLaunch has agreed to pay $50,000 to the Ontario Securities Commission (OSC), according to documents published on the regulator’s website dated July 24.


According to commercial litigator and former programmer Evan Thomas, CoinLaunch was consulted on two ICOs, BCZERO (raising funds for a Czech off-road truck racing team) and ECOREAL (raising funds for a Portuguese resort), both of which were found to be securities. CoinLaunch reportedly created the tokens, white papers and websites, advised on the sale structure and made introductions, including to crypto exchanges for listings.


According to Thomas, the OSC found that the service was an act in furtherance of the trade of the security tokens since it was instrumental to the solicitation of investors. The consultant agreed to pay a $50,000 fine under a settlement.

? Bill Miller Hedge Fund Surges 46% Thanks to Bitcoin, Amazon

The hedge fund of famous investor Bill Miller saw 46% growth in the first half of 2019, reportedly in some part from investing in Bitcoin (BTC).


Citing an investor document, Bloomberg reports on July 26 that Miller achieved such outstanding results by investing in Bitcoin among other high-performing stocks. Alongside Bitcoin, other investments in the Miller’s fund reportedly include Amazon, security system firm ADT, as well as Avon Products.


The 69 year-old investor reportedly found success by following a similar investment strategy as he used during his three-decade run at Legg Mason, which envisions investing in securities that trade at a large discount to their intrinsic value.

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? Daily Crypto Calendar, July, 29th?

LBank will open a SKY/SCH (Coin Hours) trading pair.

We’re going to launch Vexanium Whitepaper 2.0 on 29th July 2019.

“IOHK will be restarting the Cardano Byron testnet with a fresh genesis block and new network magic on 29 July.”

Conceal.Network (CCX) is going to be listed on Citex.

“Cast your vote at 0x.org/vote to add support for ERC-1155 and the StaticCallAssetProxy!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The STEEM is still sitting on the support line at 0.24$, waiting for the next move from the BTC. I’m really afraid that the BTC will continue it’s correction so yeah, I’m little bit pessimist about that support line at 0.24$. However, I really wish that I’m wrong and that this support line will keep us upper but be very carefull in the coming hours.

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Last Updates

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The Bitcoin Chart Scares Me With Some Deja-Vu

July 28, 2019 Published by

When I look at the daily chart of bitcoin and I see the price action of the past couple months, then I look at the 2017/2018 top and think….”wow, that look’s a bit similar.”

Will Lightning Strike Twice – Probably Not

Here’s the thing.  Even though the chart doesn’t look great I also don’t see how we crash the way we did a year and a half ago.

The same ingredients do not exist.  The move has not been crazy, the general mom and pop is not talking about bitcoin at your local diner and there isn’t a ICO shit coin craze.

Where can we go though?

We can certainly go down a bit still.  If you look at the chart, basically it has made an “h” looking pattern which leads to lower prices many times.  That’s just odds though, doesn’t mean it will happen.

A move down to 8,500 and evan 7,500 would still be ok on a technical basis.  I wouldn’t consider that bearish as 7500 is a clear bottom when looking at a weekly chart.  As long as it tested and rallied off that I’d still be bullish.

Let’s hope we don’t have to even play it out.

On the upside, getting above 9,800 and pushing toward the 11k mark is the bullish price action we need.

I honestly believe it’s anyone’s guess which way the next near-term move is.

I’m keeping some fresh powder available in case we do get an opportunity to buy lower…otherwise hodl’ing my bag.

Bitcoin: Discussing the Next Move

July 28, 2019 Published by

Bitcoin continues to consolidate on top of known support at $9,400. Daily volume is around $12 billion, the lowest since April.

Screen Shot 2019-07-28 at 12.48.19 PM.png
Screen Shot 2019-07-28 at 12.36.01 PM.png

In today’s video we discuss where price may be heading next, key areas to watch, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) 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 you safe and profitable trading.

Workin

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Cryptocurrency Relative Strength Analysis Report For Week Starting 7/28/19

July 28, 2019 Published by

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

Source Image

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy to determine the relative strength of Bitcoin at any point. Not the case for the altcoins…until now. I have taken the more popular altcoins and determined their relative strength, relative to Bitcoin using just moving average.

Binance

EOS

Ethereum

Litecoin

Neo

Steem

Tron

Zcash

Based on the moving averages and the last daily closing price, relative to the moving averages,

the altcoins relative strength, relative to Bitcoin are the following:

Two Weeks Ago

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Bitcoin Drops! Next Moves?

July 27, 2019 Published by

Bitcoin dropped below a major ascending support line earlier today. It’s now sitting on top of known support at $9,400. Is it possible price is painting a larger bullish falling wedge?

Screen Shot 2019-07-27 at 9.32.34 AM.png

In today’s video we’ll discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) 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 you safe and profitable trading.

Workin

If you found this post informative, please:

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Brave Browser free download here: https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

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