I can’t believe that it’s already Index time again. I’m almost tempted to put it off, but I know that that will come back to bite me later! It’s been an interesting month and a lot of important information has been covered. With that in mind, it’s rather important that I create this index without further delay.
Previous Index posts:
Index to Crypto with Bit Brain – Edition 2019/2 is my most recent index and was published in early April. In it you will find some posts about what I have been buying in 2019, the long overdue Part 3 of my “Diversification”
Facebook, which has courted rumors over its planned entry into blockchain and payments for around a year, could launch its own token as soon as Q3 2019, anonymous sources told the publication. The company began hiring for a dedicated blockchain team last year, under the auspices of David Marcus, himself a former president of PayPal.
Now, around 20% of the team’s 50 members come from the payments platform, a situation reminiscent of the so-called “PayPal Mafia” executive group of the early 2000s.
A prospectus for a new cryptocurrency-based exchange-traded fund (ETF) has just been filed with the U.S. Securities and Exchange Commission (SEC).
The application, posted by the SEC on May 9, was created by Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto Asset Management LLC, to track the performance of a market capitalization-weighted portfolio of bitcoin (BTC) and ether (ETH).
Dubbed the USCF Crescent Crypto Index Fund (ticker symbol “XBET”), the ETF is sponsored by United States Commodity Funds LLC (USCF), which will invest XBET’s assets in the two portfolio cryptocurrencies. The prospectus states:
“XBET is an exchange traded fund. This means that most investors who decide to buy or sell shares of XBET place their trade orders through their brokers and may incur customary brokerage commissions and charges. Shares of XBET are expected to trade on the NYSE Arca under the ticker symbol “XBET” and will be bought and sold throughout the trading day at bid and ask prices like other publicly traded securities.”
United States regulator and so-called “crypto mom” Hester Peirce gave remarks in which she expressed fears that the cryptocurrency industry has been hindered by the Securities and Exchange Commission (SEC) dragging its heels. Peirce spoke at the Securities Enforcement Forum in East Palo Alto, California on May 9.
In her speech, Peirce stated that, given the rapid development of the digital currency industry, she worried that the SEC’s hesitance to provide clear guidance would hold back its growth.
The sticking point was, according to Peirce, how to decide when issuing tokens represented an offering of securities, especially considering that securities laws do not cease to apply just because there is a new evolution in the industry.
Binance, the biggest crypto exchange by volume, was hacked on Tuesday. The hacker took $40 million or 7000 BTC.
Binance had a chance to recover these funds. They could cut a deal with the majority hashpower miners. The miners would reverse the chain and gain a share of the stolen money.
Binance this time decided not to make the deal with miners. And as time goes on, the attack becomes harder. But all it took was a private phone call. The majority hashpower lies under control of a handful of men. They can collude and reverse the chain.
New York-based blockchain company ConsenSys is restructuring its various operations to shore up its market presence as it seeks $200 million in funding, a press release confirmed on May 6.
In a move which will also see the departure of a founding executive, ConsenSys will consolidate ConsenSys Labs, accelerator Tachyon and VC operation, ConsenSys Ventures, under one umbrella investment arm.
ConsenSys Ventures, which launched in September 2017, will no longer have Kavita Gupta at its helm, she confirmed to cryptocurrency news outlet The Block on Monday.
Weekly rewards for Cointorox community members holding over 200 OROX (5% rewards). Token rewards distributed from leftover bounty tokens.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As I was saying you, after the break of the support line at 0.34$, the direction was directly 0.31$ but I was expecting that this line hold us. Apparently even this support won’t survive as we already broken it. However, this support can still be save if we are able to go upper of this line in the coming hours. Let’s hope because if the break is confirm, we will try to do for sure new lows on the STEEM…
Today I’ll do my favourite type of TA post: where I show you charts and let you make up your mind. I’ll point out the patterns and movements which I see – you get to decide if I’m right or not. (*Spoiler alert* – I’m pretty good at being right…)
Chart 1: The Long-term chart
The long-term chart is important because it sets the “climb angle” for BTC as a whole. I have seen several long-term logarithmic charts lately, with each successive bull markets showing a declining angle of climb. I don’t consider those charts to be correct. The technical analysis of
Binance got hacked yesterday – by now everybody knows that. I think it’s great thing for all concerned. This is why:
Intro:
Binance got hacked and lost about 7000 BTC in a single transaction. From what I have read, the hack appears to have been carried out by a very patient and professional team. Viewed from my military background; I have to admire the planning and execution of the hack, which in no way means that I condone what the hackers have done. Au contraire – I look forward to watching them trying to spend or exchange that BTC further down the
Are you saying that no one uses your dapp focused blockchain and no dapps are built on it?!
Heres a billion USD!
Are you saying that there is a guy running a successful blockchain project that is a known fraud and is lying that he is the creator of Bitcoin?!
Lets give his project a billion USD marketcap!
Are you saying that by using blockchain we dont have to store our funds in centralized financial institutions!!!
Awesome! Now lets put all our money in a centralized financial institution!
The crypto world is the upside down world. Where everything is BS and almost everyone pretends to subscribe to core values associated with blockchain. .
Maybe popular opinion scares me, maybe I believe in the psychology of markets and maybe that is why I’m worried about the upside for bitcoin.
Well, that seemed a bit dramatic, but my point is sentiment seems to be high at the moment and everyone is sure bitcoin is going to push 6k.
Herd Mentality
Whenever the majority of people are onboard with something when it comes to speculative investment it makes me hit the brakes.
Don’t get me wrong – there are plenty of reasons to be bullish on BTC in the near-term and I’m not saying I am not. Shorts seem to
They say in markets that every time is different. While that is technically true, you can find major similarities and patterns in every single market. One specific market, cryptocurrencies, happen to not be completely controlled by computers and actually moves very emotional and technically (for now). I ha e utilized past patterns, measures and scales, and predictions to have predicted the last two bubbles, the percentage decline from the top and where the “bottom” or “top” may be. Have I been right every time? No, however when it comes to the declines and measured moves I have been on point.
Yesterday I told you to expect a break up to test $6,000. Today we saw price break up, finding resistance just shy of $6K at $5,974.
Shorts remain stubbornly stacked while longs are flat.
In today’s video I analyze Bitcoin, EOS, BNB, BAT, ETH and XRP. I discuss where prices may be heading next, my buy zones, 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/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment
Bitcoin’s quick recovery from levels below the former resistance-turned-support of $5,627 (April 23 high) seen on Monday, coupled with a break above the stiff resistance at $5,780 (June 2018 bottom) seen today, indicate fairly strong bullish sentiment.
BTC looks set to breach the psychological hurdle of $6,000, as suggested by April’s bullish close, and may rise to $6,200 in the next few days. The bullish case is backed by a diamond breakout on the 4-hour chart.
Bulls still need to observe caution, as the 3-day chart shows a bearish divergence of trading volumes. A case for a deeper pullback to $5,000 would strengthen if the price falls below $5,686 (daily opening price) in the next 24 hours.
Bitcoin miners made the case for their industry as a driver of clean energy adoption, rather than the ecological disaster depicted by critics, at Fidelity’s Mining Summit Friday.
The venue for the daylong event was as notable as the talks. The Fidelity Center for Applied Technology, an R&D division that has dabbled in bitcoin mining, hosted the conference at the financial services giant’s global headquarters in Boston. Fidelity has embraced the crypto markets more than most incumbents; this year it launched Fidelity Digital Asset Services, which handles custody of bitcoin for institutional clients and is expected to roll out trading in the coming weeks.
But aside from welcoming the 300 or so attendees and a brief overview of mining history by Jurica Bulovic, innovation manager at Fidelity Labs (a different R&D unit), Fidelity mostly ceded the stage to guest speakers. In their presentations, these miners and others sought to disprove the popular perception that the copious amount of electricity devoted to securing the bitcoin network – 0.26% of world consumption, according to Digiconomist – is an environmental threat.
QEDIT, a developer of privacy technology for enterprise blockchains, has closed a $10 million Series A round from investors including Ant Financial, the payments affiliate of Chinese e-commerce giant Alibaba.
Ant Financial will also be incorporating QEDIT’s zero-knowledge proof (ZKP) tech into its blockchain projects, the companies announced Tuesday. Other high-profile partnerships applying QEDIT’s ZKPs include software giant VMWare and RGAX, a subsidiary of Reinsurance Group of America.
QEDIT’s investment round was led by MizMaa Ventures, with participation from Ant Financial and RGAX as well as Meron Capital, Collider Ventures, Jovono and Target Global. QEDIT has received a total of $14 million in funding to date, comprising the A round, a previous $3 million seed round and $1 million in grants.
Chinesesocial media giant and payment service provider WeChatbannedcryptocurrency transactions in its payments policy. Dovey Wan, founding partner of crypto investment firm Primitive, tweeted the news on May 7. The tweet contained a screenshot of the policy changes, which intimates that users who engage in cryptocurrency trading will have their accounts terminated.
Wan expressed concern that since most over-the-counter transactions are happening in WeChat, “this may impact local liquidity to quite some extent.” WeChat is a popular messaging and payments service provider in China, also featuring game integrations.
New York-based blockchain company ConsenSys is restructuring its various operations to shore up its market presence as it seeks $200 million in funding, a press release confirmed on May 6.
In a move which will also see the departure of a founding executive, ConsenSys will consolidate ConsenSys Labs, accelerator Tachyon and VC operation, ConsenSys Ventures, under one umbrella investment arm.
ConsenSys Ventures, which launched in September 2017, will no longer have Kavita Gupta at its helm, she confirmed to cryptocurrency news outlet The Block on Monday.
“HavEther Project has decided to release our Whitepaper v2, so actually within one to two days we will release.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Again the BTC is doing a nice UP but the STEEM is staying sticked to its support zone around 0.3$ and is even trying to break it. Let’s hope that this line will hold and will create a bounce because STEEM is really not funny to analyse these days and you need a good mood to stay optimist.
