A Beginner's Guide to Bitcoin ETFs - Cryptocurrency News

A Beginner's Guide to Bitcoin ETFs - Cryptocurrency News
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Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Global investment firm Vaultbank has announced that free stock trading will be added to its platform launch in October. The platform will now include the free stock trading, crypto trading, and even trading security tokens. Vaultbank’s platform is currently undergoing beta testing, but users can sign up for the platform’s waitlist on vaultbank.io.
Popular cryptocurrency debit card provider, Wirex, has added a Ripple (XRP) wallet to its platform. 1.7 million clietns across 130 countries will now be able to use their Wirex Visa Cards to transact with XRP. XRP is currently the third-most popular cryptocurrency by market cap, and was specifically chosen by Wirex due to its unique utility for facilitating global payments.
Decoin is disrupting the crypto credit card market with its DTEP Exchange & Trading Platform. The Decoin credit card will operate directly the company’s coin wallet and will permit users to spend their digital currencies wherever and whenever they choose. Users registered to this exchange will also supposedly have the ability to earn redistributed revenues, up to 20% of the exchange’s trading revenue.
Fintech company Digital Asset announced a partnership with Google Cloud to aid in the construction of blockchain applications. Digital Asset and Google Cloud will provide support and software tools to blockchain application developers so that they don’t have to code the applications from scratch. The pair will also be working on Digital Asset’s developer program private beta, giving Google Cloud developers access to its Digital Asset Modeling Language (DAML) software development kit (SDK).

Regulatory

The Securities and Exchange Commission (SEC) has come to the conclusion that they need more time for the consideration of five Bitcoin ETF proposals. Direxion Investments submitted the proposals back in January. The SEC stated that they will announce their decision to either approve or deny the proposal on September 21, 2018. CBOE Global Markets also sent the SEC an ETF proposal last month that is also expected to be postponed.
The Chinese mountain region of Xinjiang Uyghur is known for its vast areas of land and abundant electricity: key elements for Bitcoin (BTC) mining. However, the local authorities of Xinjiang have announced their plan to shut down all illegal mining operations by August 30,2018. Illegal mining operations are those that fail to comply to registration, tax, social security, and other laws.
Japan Virtual Currency Exchange Association is suggesting domestic trading platforms limit investors to 4x leverage on their deposits. According to the Financial Services Agency, there are 142,000 crypto traders focused on derivatives a/o CY2017 in Japan, still a small portion of the estimated 3mm crypto traders in Japan. Just as a point of reference, 80%of crypto trading volume in Japan for CY2017 came from derivatives trading, recording USD$543bn - - 90%+ of this amount was from margin traders.
Iran is currently looking to develop a domestic cryptocurrency in order to bypass its economic sanctions. Alireza Daliri, Iran’s Science and Technology Department head in charge of investment affairs, reported that the project is being worked on with the Central Bank of Iran. The cryptocurrency would back Iran’s national currency, the rial, and would allow cross-border transactions ahead of the US sanctions going into effect next month.
The SEC rejected application for a Bitcoin ETF by Winkelvoss twins again. In its rejection, the SEC cited as a major concern the fact that “a significant portion of Bitcoin trading occurs on unregulated exchanges outside of the United States."
Hester Peirce, Commissioner of the SEC, has published a letter of dissent regarding the SEC’s recent decision upholding the agency’s past ruling to deny the Winklevoss twins’ Bitcoin (BTC) ETF. The SEC denied the Bats BZX Exchange’s proposed rule change hoping to allow trading of the Winklevoss’ Bitcoin Trust shares, leading Peirce to say “I believe that the proposed rule change satisfies the statutory standard and that we should permit BZX to list and trade this Bitcoin-based exchange-traded product,” and that the decision “sends a strong signal that innovation is unwelcome in our markets.”
The Law Commission of India published a report regarding the legal status of sports betting and gambling in the country, referencing cryptocurrencies. The report recognizes cryptocurrencies as a method of payment for betting and wagering. The report also stated that “gambling transactions should be made cashless, making use of electronic means of payment such as credit cards, debit cards, net-banking, virtual currencies (VC – also known as cryptocurrency), etc.”
US Commodity Futures Trading Commission (CTFC) Chairman Christopher Giancarlo says the CTFC is falling behind and needs to begin testing the blockchain technology during testimony to House Committee on Agriculture. Chairman Giancarlo suggests the CTFC is four years behind other global institutions like the Bank of England (BOE) as it relates to testing blockchain.

General News

Lufthansa, one of the world’s largest airlines, has announced a partnership with software firm SAP to create a competition focused on increasing the airline industry’s adoption of blockchain technology. There are currently not a lot of efforts being made to incorporate blockchain in the airline industry, and initial submissions into the competition are due at the end of August. Lufthansa is looking for applications regarding data processing, flight booking, loyalty programs, and supply chain enhancements.
Cryptocurrency trading millionaires, especially in China, are looking into investments in foreign real estate markets as a form of diversification. Through the use of real estate startup apps, Chinese investors can buy real estate in California using Bitcoin (BTC), for example, through Hong Kong brokers that don’t require the same taxes and documentation as other financial assets held abroad.
Binance, the world’s most popular cryptocurrency exchange, will soon enter the South Korean market. During the Blockchain Partners Summit in Seoul, Binance CEO Chanpgeng Zhao held a speech noting that Binance will enrich South Korea’s community. While Binance has not made any official announcements regarding the expansion, South Korean media outlets reported it following the summit.
A New Jersey-based cryptocurrency mining startup, called Honeyminer, has released its free beta platform in June, and has amassed 10,000 downloads around the world already. The platform allows users to mine cryptocurrencies on their Windows laptops by running the app while the processor isn’t in use. Users will be able to mine Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), and Zcash (ZEC), but all earnings are transferred into Bitcoin (BTC) and sent to the user’s wallet.
Since cryptocurrencies became popular several years ago, not many cryptocurrency platforms (i.e. exchanges and wallets) have conducted third-party security audits. However, three-month-old XMR Wallet, a web wallet for Monero (XMR) has announced its conclusion of an audit by the firm New Alchemy. Additionally, XMR Wallet has published the results of its audit, and stated that all issues found have already been resolved.
ConsenSys, a blockchain technology company, has signed a Memorandum of Understanding (MoU) with China’s Xiongan New Area government. ConsenSys focuses on the development of Ethereum (ETH), and will be advising the government on blockchain solutions to make Xiongan a smart city. China’s president Xi Jinping has designated Xiongan a special economic zone and believes that by creating a smart economy using Ethereum, it could bring in USD$348 billion within the next 10 years.
Bitmart, a global cryptocurrency exchange, has announced that it will be listing its own utility token, called BMX, on its exchange. The BMX token is an ERC-20 protocol token, and there will be 1 billion issued. All transaction fees paid on the BMX market will be redistributed to those who backed the project, and using BMX on the exchange lets users pay a discounted fee.
US-based Coinbase is launching a crypto-backed gift card in Europe. Users of WeGift will be able to convert digital assets held in their Coinbase wallet to gift cards. Gift cards from WeGift can be used at over 120 retailers across the UK, France, Spain, the Netherlands and Italy.
The Bank of Canada (BoC) released its Staff Working Paper this week, where it said that the proof-of-work (PoW) consensus system, the same one used by Bitcoin (BTC), held the most promise out of alternative consensus systems like proof-of-stake (PoS). PoW includes a built-in security measure, people with malicious intentions would need to spend a large amount of resources in order to successfully cheat the system. The paper continued that PoS unfairly gives users with the most coins (stake) in the system a higher probability of validating blocks.
BitGo, a popular cryptocurrency custodial service, has announced its recent support of Zcash (ZEC). BitGo is the largest processor of on-chain Bitcoin (BTC) transactions in the world, and processes $15 billion every month in all cryptocurrencies. The Zcash team said that it is very excited for the recent support of their coin, and that along with their upcoming Zcash Sapling upgrade, this should prove to be a great catalyst for adoption of Zcash’s privacy features.
California-based Propy, a global real estate company known for its decentralized title registry, has announced that it has successfully executed a real estate deal on the blockchain. The transaction was tracked every step of the process on Ethereum smart contracts, making this deal the first blockchain-recorded property deal in California, and only the second to be done in the world. The transaction used Bitcoin (BTC) as payment, effectively cutting out the role of banks for this deal.
Waves decentralized exchange (DEX) was hacked on Tuesday, the first day it exited its beta test. Hackers were able to break into the exchange’s website and the company’s main site to phish for information in the personal wallets of users.
Ethereum Chrome browser extension MetaMask was pulled from the Chrome Web store yesterday. It was listed again, 5 hours later. MetaMask has said it is unsure why its extension was pulled from the Chrome Web store. MetaMask is one of the oldest and widely used decentralized apps (DApps) on the Ethereum network.
Augur has launched a platform that permits users to bet when certain public figures will die. If a user believes the public figure will die, they buy shares with ETH. If a user believes the public figure won’t die, they can short the bet by selling shares. If a user’s prediction is correct, they profit from the outcome. Augur uses a network of “reporters” who make sure that the bet is settled properly.
Decenturion, constituted this past January, claims to be the world’s first decentralized blockchain-based digital state. Decenturion has appointed blockchain expert and founder of ICOBox, Nick Evdokimov, as its Minister of Information. The blockchain-based state has no central person of power, but is rather governed by passport holders’ voting using smart contracts.
Popular cryptocurrency exchange Poloniex announced plans to delist nine tokens from its trading platform. The nine coins in question are FlorinCoin (FLO), FoldingCoin (FLDC), Vcash (XVC), Bitcrystals (BCY), Nexium (NXC), Radium (RADS), Blackcoin (BLK), Pinkcoin (PINK), and Riecoin (RIC). These cryptocurrencies reportedly do not meet Poloniex’s new asset framework. Owners of these coins have until September 2nd to withdraw them from the exchange.

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Global investment firm Vaultbank has announced that free stock trading will be added to its platform launch in October. The platform will now include the free stock trading, crypto trading, and even trading security tokens. Vaultbank’s platform is currently undergoing beta testing, but users can sign up for the platform’s waitlist on vaultbank.io.
Popular cryptocurrency debit card provider, Wirex, has added a Ripple (XRP) wallet to its platform. 1.7 million clietns across 130 countries will now be able to use their Wirex Visa Cards to transact with XRP. XRP is currently the third-most popular cryptocurrency by market cap, and was specifically chosen by Wirex due to its unique utility for facilitating global payments.
Decoin is disrupting the crypto credit card market with its DTEP Exchange & Trading Platform. The Decoin credit card will operate directly the company’s coin wallet and will permit users to spend their digital currencies wherever and whenever they choose. Users registered to this exchange will also supposedly have the ability to earn redistributed revenues, up to 20% of the exchange’s trading revenue.
Fintech company Digital Asset announced a partnership with Google Cloud to aid in the construction of blockchain applications. Digital Asset and Google Cloud will provide support and software tools to blockchain application developers so that they don’t have to code the applications from scratch. The pair will also be working on Digital Asset’s developer program private beta, giving Google Cloud developers access to its Digital Asset Modeling Language (DAML) software development kit (SDK).

Regulatory

The Securities and Exchange Commission (SEC) has come to the conclusion that they need more time for the consideration of five Bitcoin ETF proposals. Direxion Investments submitted the proposals back in January. The SEC stated that they will announce their decision to either approve or deny the proposal on September 21, 2018. CBOE Global Markets also sent the SEC an ETF proposal last month that is also expected to be postponed.
The Chinese mountain region of Xinjiang Uyghur is known for its vast areas of land and abundant electricity: key elements for Bitcoin (BTC) mining. However, the local authorities of Xinjiang have announced their plan to shut down all illegal mining operations by August 30,2018. Illegal mining operations are those that fail to comply to registration, tax, social security, and other laws.
Japan Virtual Currency Exchange Association is suggesting domestic trading platforms limit investors to 4x leverage on their deposits. According to the Financial Services Agency, there are 142,000 crypto traders focused on derivatives a/o CY2017 in Japan, still a small portion of the estimated 3mm crypto traders in Japan. Just as a point of reference, 80%of crypto trading volume in Japan for CY2017 came from derivatives trading, recording USD$543bn - - 90%+ of this amount was from margin traders.
Iran is currently looking to develop a domestic cryptocurrency in order to bypass its economic sanctions. Alireza Daliri, Iran’s Science and Technology Department head in charge of investment affairs, reported that the project is being worked on with the Central Bank of Iran. The cryptocurrency would back Iran’s national currency, the rial, and would allow cross-border transactions ahead of the US sanctions going into effect next month.
The SEC rejected application for a Bitcoin ETF by Winkelvoss twins again. In its rejection, the SEC cited as a major concern the fact that “a significant portion of Bitcoin trading occurs on unregulated exchanges outside of the United States."
Hester Peirce, Commissioner of the SEC, has published a letter of dissent regarding the SEC’s recent decision upholding the agency’s past ruling to deny the Winklevoss twins’ Bitcoin (BTC) ETF. The SEC denied the Bats BZX Exchange’s proposed rule change hoping to allow trading of the Winklevoss’ Bitcoin Trust shares, leading Peirce to say “I believe that the proposed rule change satisfies the statutory standard and that we should permit BZX to list and trade this Bitcoin-based exchange-traded product,” and that the decision “sends a strong signal that innovation is unwelcome in our markets.”
The Law Commission of India published a report regarding the legal status of sports betting and gambling in the country, referencing cryptocurrencies. The report recognizes cryptocurrencies as a method of payment for betting and wagering. The report also stated that “gambling transactions should be made cashless, making use of electronic means of payment such as credit cards, debit cards, net-banking, virtual currencies (VC – also known as cryptocurrency), etc.”
US Commodity Futures Trading Commission (CTFC) Chairman Christopher Giancarlo says the CTFC is falling behind and needs to begin testing the blockchain technology during testimony to House Committee on Agriculture. Chairman Giancarlo suggests the CTFC is four years behind other global institutions like the Bank of England (BOE) as it relates to testing blockchain.

General News

Lufthansa, one of the world’s largest airlines, has announced a partnership with software firm SAP to create a competition focused on increasing the airline industry’s adoption of blockchain technology. There are currently not a lot of efforts being made to incorporate blockchain in the airline industry, and initial submissions into the competition are due at the end of August. Lufthansa is looking for applications regarding data processing, flight booking, loyalty programs, and supply chain enhancements.
Cryptocurrency trading millionaires, especially in China, are looking into investments in foreign real estate markets as a form of diversification. Through the use of real estate startup apps, Chinese investors can buy real estate in California using Bitcoin (BTC), for example, through Hong Kong brokers that don’t require the same taxes and documentation as other financial assets held abroad.
Binance, the world’s most popular cryptocurrency exchange, will soon enter the South Korean market. During the Blockchain Partners Summit in Seoul, Binance CEO Chanpgeng Zhao held a speech noting that Binance will enrich South Korea’s community. While Binance has not made any official announcements regarding the expansion, South Korean media outlets reported it following the summit.
A New Jersey-based cryptocurrency mining startup, called Honeyminer, has released its free beta platform in June, and has amassed 10,000 downloads around the world already. The platform allows users to mine cryptocurrencies on their Windows laptops by running the app while the processor isn’t in use. Users will be able to mine Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), and Zcash (ZEC), but all earnings are transferred into Bitcoin (BTC) and sent to the user’s wallet.
Since cryptocurrencies became popular several years ago, not many cryptocurrency platforms (i.e. exchanges and wallets) have conducted third-party security audits. However, three-month-old XMR Wallet, a web wallet for Monero (XMR) has announced its conclusion of an audit by the firm New Alchemy. Additionally, XMR Wallet has published the results of its audit, and stated that all issues found have already been resolved.
ConsenSys, a blockchain technology company, has signed a Memorandum of Understanding (MoU) with China’s Xiongan New Area government. ConsenSys focuses on the development of Ethereum (ETH), and will be advising the government on blockchain solutions to make Xiongan a smart city. China’s president Xi Jinping has designated Xiongan a special economic zone and believes that by creating a smart economy using Ethereum, it could bring in USD$348 billion within the next 10 years.
Bitmart, a global cryptocurrency exchange, has announced that it will be listing its own utility token, called BMX, on its exchange. The BMX token is an ERC-20 protocol token, and there will be 1 billion issued. All transaction fees paid on the BMX market will be redistributed to those who backed the project, and using BMX on the exchange lets users pay a discounted fee.
US-based Coinbase is launching a crypto-backed gift card in Europe. Users of WeGift will be able to convert digital assets held in their Coinbase wallet to gift cards. Gift cards from WeGift can be used at over 120 retailers across the UK, France, Spain, the Netherlands and Italy.
The Bank of Canada (BoC) released its Staff Working Paper this week, where it said that the proof-of-work (PoW) consensus system, the same one used by Bitcoin (BTC), held the most promise out of alternative consensus systems like proof-of-stake (PoS). PoW includes a built-in security measure, people with malicious intentions would need to spend a large amount of resources in order to successfully cheat the system. The paper continued that PoS unfairly gives users with the most coins (stake) in the system a higher probability of validating blocks.
BitGo, a popular cryptocurrency custodial service, has announced its recent support of Zcash (ZEC). BitGo is the largest processor of on-chain Bitcoin (BTC) transactions in the world, and processes $15 billion every month in all cryptocurrencies. The Zcash team said that it is very excited for the recent support of their coin, and that along with their upcoming Zcash Sapling upgrade, this should prove to be a great catalyst for adoption of Zcash’s privacy features.
California-based Propy, a global real estate company known for its decentralized title registry, has announced that it has successfully executed a real estate deal on the blockchain. The transaction was tracked every step of the process on Ethereum smart contracts, making this deal the first blockchain-recorded property deal in California, and only the second to be done in the world. The transaction used Bitcoin (BTC) as payment, effectively cutting out the role of banks for this deal.
Waves decentralized exchange (DEX) was hacked on Tuesday, the first day it exited its beta test. Hackers were able to break into the exchange’s website and the company’s main site to phish for information in the personal wallets of users.
Ethereum Chrome browser extension MetaMask was pulled from the Chrome Web store yesterday. It was listed again, 5 hours later. MetaMask has said it is unsure why its extension was pulled from the Chrome Web store. MetaMask is one of the oldest and widely used decentralized apps (DApps) on the Ethereum network.
Augur has launched a platform that permits users to bet when certain public figures will die. If a user believes the public figure will die, they buy shares with ETH. If a user believes the public figure won’t die, they can short the bet by selling shares. If a user’s prediction is correct, they profit from the outcome. Augur uses a network of “reporters” who make sure that the bet is settled properly.
Decenturion, constituted this past January, claims to be the world’s first decentralized blockchain-based digital state. Decenturion has appointed blockchain expert and founder of ICOBox, Nick Evdokimov, as its Minister of Information. The blockchain-based state has no central person of power, but is rather governed by passport holders’ voting using smart contracts.
Popular cryptocurrency exchange Poloniex announced plans to delist nine tokens from its trading platform. The nine coins in question are FlorinCoin (FLO), FoldingCoin (FLDC), Vcash (XVC), Bitcrystals (BCY), Nexium (NXC), Radium (RADS), Blackcoin (BLK), Pinkcoin (PINK), and Riecoin (RIC). These cryptocurrencies reportedly do not meet Poloniex’s new asset framework. Owners of these coins have until September 2nd to withdraw them from the exchange.

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 30

https://preview.redd.it/2o6fzgk13vb11.png?width=1000&format=png&auto=webp&s=9ff61771588340c89bf7a946112beadb4f5443d1

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Friday, 27. July 2018

→ Crypto ETF Rejection Sends Bitcoin Price Below $8,000 The bitcoin price fell below the psychologically-significant $8,000 mark afte the SEC rejected a cryptocurrency ETF application.
→ Uber Co-Founder, E*Trade Vet Launch Zero-Fee Cryptocurrency Trading Platform Uber's first chief technology officer and a former executive at stock brokerage E*Trade have teamed up to launch a zero-fee cryptocurrency trading platform.
→ Binance Prepares to Enter the South Korean Market - Bitcoin News Binance is preparing to expand into South Korea, having already hired Koreans for some local positions. However, the exchange is reportedly waiting for the country’s crypto regulatory framework to be fine-tuned before actually launching
SwissBorg Referendum
Join us VOTE & get rewarded !!
Daily Performances
BTC was holding steady above 8000 until today. SEC rejected the proposed BTC EFT by the Winklevoss Twins for the second time. At the time of writing BTC dropped below 8000, dragging the entire market down. The next day or two will be a test to see the market shakes the news off in expectation of more positive news, or return to summer doldrums.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/tbzy37hmwic11.png?width=1045&format=png&auto=webp&s=d84ac53f0a6f2c4f02bd0ee634d885d82c7b09c5
Technical Analysis - BTC
BTCUSD has broken the descending triangle on the upside on heavy volume. This is a very positive development and indicative of a strong uptrend over the next weeks and months. While it might have a consolidation or even a minor correction in the near term as it is short term extended we don't see any major resistance until $10,000
https://preview.redd.it/taxtu6uowic11.png?width=1313&format=png&auto=webp&s=6f8121ef25551d0e19cac17b5bf4433a1470a1dc
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Wednesday, 26. July 2018

→ MetaMask Browser Extension Pulled From Google Chrome Store for 5 Hours, ‘Unsure’ of CauseMetaMask, was pulled from the Google Chrome Web Store on, July 25th. The app has since been listed again five hours later.
→ U.S. CFTC Chair: We Need to Test Blockchain Because We Are ‘Four Years Behind’The chairman of US emphasized the need for the appropriate procedures that would enable the CFTC to examine innovative blockchain tech for potential future use cases.
→ Decentralized Exchange Waves Scored a $6 Million Debut. Then It Got HackedThis booming crypto platform could hardly be described as institutional, but it isn't fully decentralized either.
SwissBorg Referendum II Updates
Join us VOTE & get rewarded !!
Vote now: https://vote.swissborg.com
SwissBorg Referendum II Partial Results (Unofficial)
Referendum data done by a community member #WeAreSwissBorg Source: https://www.cryptalloc.com/rsb2
Daily Performances
BTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 47% for the first time. The cryptocurrency market cap crossed a major, surpassing the $300 billion for the first time since mid-June amid growing optimism that the bitcoin price is entering a new bull cycle.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/rh1muu9nk9c11.png?width=1064&format=png&auto=webp&s=010ffe6a44ae262798331da8d21f68c7facea816
Technical Analysis - BTC
BTCUSD has broken the descending triangle on the upside on heavy volume. This is a very positive development and indicative of a strong uptrend over the next weeks and months. While it might have a consolidation or even a minor correction in the near term as it is short term extended we don't see any major resistance until $10,000
https://preview.redd.it/cf1su4ouk9c11.png?width=1023&format=png&auto=webp&s=7c079f1a14659d698ed9e26deb3754feaea70923
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Tuesday, 25. July 2018

→ SEC Delays Ruling on Five Bitcoin ETF ApplicationsThe U.S. Securities and Exchange Commission has delayed ruling on five bitcoin ETF applications filed by fund provider Direxion.
→ Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First Two institutional investors completed the first-ever exchange for physical (EFP) transaction involving bitcoin futures.
→ Tezos Hires 'Big Four' Firm PwC to Conduct External Audit"Big Four" financial firm PwC Switzerland will audit the Tezos Foundation.→ Japanese Exchanges Push for Limit on Cryptocurrency Margin TradingAn industry self-regulatory organization formed by crypto exchanges in Japan is proposing a limit on how much investors can borrow in margin trading
SwissBorg Referendum II Partial Results (Unofficial)
Join us VOTE & get rewarded !!
Referendum data done by a community member #WeAreSwissBorg Source: https://www.cryptalloc.com/rsb2

VOTE NOW: https://vote.swissborg.com

Daily PerformancesBTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 47.10% for the first time. The move comes as sentiment surrounding Bitcoin in particular continues to improve after BTC/USD jumped in excess of 15% over the last five days. At the same time, the other cryptocurrencies have struggled to achieve similar gains, posting losses against Bitcoin.
Weekly Top 5 Price comparison - BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/axdkbd6ey2c11.png?width=1064&format=png&auto=webp&s=c613a48f15c04b443cf15dcd633f3b8535ff7489
Technical Analysis - BTC
BTCUSD has busted through the 100 SMA dynamic resistance, so there’s some bullish momentum building up. BTC is ready to test the 200 SMA dynamic resistance around $8,500 next. This is near a former support turned resistance level at the $9,000 barrier.A move past this level could lead to a test of the $10,000 major psychological level. Stronger bullish pressure could take BTCUSD to the next ceiling close to $12,000. However, RSI is indicating overbought conditions already, which means that seller's wave is taking over.
https://preview.redd.it/envy8vfsy2c11.png?width=1332&format=png&auto=webp&s=6703efe0e2aa16be704f9b799885bd28ec4ba5f7
----------------------------------------------------------------

Tuesday, 24. July 2018

→ Someone Tried to Hack Etherscan [Using the Comment Section]Ethereum block explorer Etherscan has thwarted a hacking attempt in which the attacker attempted to use the comment section to serve up malicious code.
→ China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain PushGovernment officials in Xiongan New Area have announced a partnership with Ethereum development studio ConsenSys to develop blockchain initiatives for China’s “dream city.”
→ UK Central Bank Says New Payments System Will Be Blockchain FriendlyThe Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.
→ A New Bitcoin Wallet Fulfills an Old Privacy PromiseThese cypherpunk crypto wallet projects want to bring fungibility to bitcoin.
SwissBorg Referendum II Partial Results
Referendum data done by a community member (Draazzzz) #WeAreSwissBorg
Source: https://www.cryptalloc.com/rsb2
VOTE NOW!
https://vote.swissborg.com
Daily Performances
BTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 46% for the first time. The move comes as sentiment surrounding Bitcoin in particular continues to improve after BTC/USD jumped in excess of 15% over the last five days. At the same time, the other cryptocurrencies have struggled to achieve similar gains, posting losses against Bitcoin.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/8rvz3sr24vb11.png?width=1058&format=png&auto=webp&s=903e46fe354b3851b5ea69851777b3139d8073ce
Technical Analysis - BTC
BTC has now broken the Head & Shoulders neckline at $6,750 and has rapidly moved past beyond it. The target of the formation is around $7,900 so we expect to reach that level in the next days/weeks. This is very positive overall on a medium to longer term perspective, the next major hurdle is the $8,000 level, where BTCUSD will meet a downtrend that has proven difficult to surpass last time.
https://preview.redd.it/08g9qmz54vb11.png?width=1326&format=png&auto=webp&s=4ee7c329ea9a151fb7b66afd1945149a9c0b3a68
-------------------------------------------------------------------

Monday, 23. July 2018

→ Mastercard Files Patent for Payment System Linking Blockchain Currency, Fiat AccountsMastercard has filed a new patent for a payment system linking blockchain-based currency accounts with fiat accounts.
→ Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts BitcoinKen Griffin openly expressed his opinion against the digital assets. While Griffin’s words may be turning a few heads, this is not the first time the billionaire spoke ill of cryptocurrency.
→ Coinbase Forms Political Action Committee Amid Uncertain Regulatory ClimateCoinbase has become the first crypto industry organisation in the USA to form a Political Action Committee (PAC). → An $8 Million ICO Ran Out of Tokens. What's Next Is Anyone's GuessWhat can a blockchain startup do when it runs out of its own tokens? According to U Network, buy back tokens from its ICO investors.
Referendum II Started!
https://preview.redd.it/vyoludsa3vb11.png?width=1200&format=png&auto=webp&s=c7636ce1ef7054407504b2ce55f25fb8a153bdcf
Daily Performances
Not a whole lot to report over the weekend in crypto land. Markets are up marginally creeping above $280 billion again but with little direction for future momentum. BTCUSD has moved back towards its resistance level of $7,400, pushing slightly above it with a 1.7% gain to $7,450. If buyers continue throughout the day there could be another rally up towards $8k. ETHUSD has been sluggish over the past few days with minor gains keeping it just above $465.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/ap27avxe3vb11.png?width=1042&format=png&auto=webp&s=95c02a64a10191476c09f1d0fbdc5d79e3c59622
Technical Analysis - BTC
BTC has now broken the Head & Shoulders neckline at $6,750 and has rapidly moved past beyond it. The target of the formation is around $7,900 so we expect to reach that level in the next days/weeks. This is very positive overall on a medium to longer term perspective, the next major hurdle is the $8,000 level, where BTCUSD will meet a downtrend that has proven difficult to surpass last time.
https://preview.redd.it/em0l04pi3vb11.png?width=1310&format=png&auto=webp&s=20b55b7f48ed529c895fd5ae6ac7e08014c2217c
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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

submitted by Otilia_SwissBorg to swissborg [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 28

https://preview.redd.it/snwsg0et7w811.png?width=1000&format=png&auto=webp&s=8bc1fcf1989ec0a08373c3e8d4d3df93804b3231

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Friday, 13. July 2018

→ Police Seize $1.5 Million in Crypto During FIFA Gambling Crackdown Local police officials in China seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup.
→ New York State Regulators Approve New Power Rate Structure for Crypto Miners New York state regulators have approved a new electricity rate scheme for cryptocurrency miners that will allow them to negotiate contracts
→ OKCoin Exchange Launches in US With Fiat-to-Crypto Trading Cryptocurrency exchange OKCoin has launched a branch in the U.S. market to offer trading services between U.S. dollars and several major cryptocurrencies.
Gas Price Up, Referendum II on Hold.
The Median price is today at 9 Gwei with a Time to Confirm of 2.1 min. We still waiting for a range of 2-3 Gwei which is too Time consuming for the moment.
Ethereum Average Gas Price Chart Source: Etherscan.io
Daily Performances
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/tenmbq29fo911.png?width=945&format=png&auto=webp&s=58bcb52d8bfbeecddba93b7be039247c85c1c634
Technical Analysis - BTC
Bitcoin risked falling below the current inverse Head & Shoulder neckline around $6,073 but has since recovered slightly to keep the pattern in play. We would expect to see an upwards impulse towards $8,000, where it would meet the downward trend resistance. At this time, we are awaiting to see how this formation plays out.
https://preview.redd.it/7ho8s9ucfo911.png?width=1213&format=png&auto=webp&s=982a2317bdfb8dcef4e15900f364ec0fb32be8eb
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Thursday, 12. July 2018

→ Canadian Crypto Exchange Coinsquare to Launch in JapanCoinsquare has announced its plan to enter the Japanese market pending approval by the country's financial regulator. The new exchange will be launched under the Dlta21x brand.
→ Korean Lawmakers Hasten to Regulate Cryptocurrency, Legalize ICOsAccording to a report by the Korea Times, a number of lawmakers across different political spectrums are seeking to fast-track cryptocurrency regulations that could plausibly lead to lifting the current ICO
→ Bitmain-Backed Opera Web Browser Adds Built-In Ethereum WalletPopular internet browser Opera will become the first mainstream web interface to add native support for an ethereum wallet.
Gas Price Up, Referendum II on Hold.
The Gas price continues to decrease and has now a recommended price of 10 Gwei with a Median tome to confirm of 1.4 min. This is a very good reversal. We expect to start the distribution soon with a target price of 2-3 Gwei and the slowest time.
Ethereum Average GasPrice ChartSource: Etherscan.io
https://preview.redd.it/xcublwz49h911.png?width=1192&format=png&auto=webp&s=a8439989233a9176a015543b5fe4b17050c5fc12
Daily Performances
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/yvhg8mng9h911.png?width=1044&format=png&auto=webp&s=69993278ad0e48c669e7e6e1eb9aa6361710871e
Technical Analysis - BTC
BTCUSD it is still potentially drawing the right shoulder and break above the neckline, currently at $6,760, we would expect to see an upwards impulse towards $8,000, where it would meet the downward trend resistance. At this time, we are awaiting to see how this formation plays out.
https://preview.redd.it/lhz6t1tq9h911.png?width=1312&format=png&auto=webp&s=6df78065b03bb95a6440434c7231f7e27c9088fa
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Wednesday, 11. July 2018

→ Nigerian Entrepreneurs are Choosing Bitcoin Over the National Currency A growing number of businessmen in Nigeria are opting for handling their business using the digital currency instead of the Naira.
→ Crypto Wallet Ledger is Attracting Samsung and Google as Investors: ReportLeading hardware crypto wallet manufacturer and developer Ledger sold more than 1 million hardware wallets in 2017, recording a profit of $29 million.
→ PBoC Will 'Crush' Foreign ICOs Targeting Chinese Investors: OfficialPan Gongsheng, a vice governor of the People's Bank of China, has once more issued strong statements on initial coin offerings.
**Gas Price Up, Referendum II on Hold.*\*
The congestion across the Ethereum network and the sudden hike in the Gas price, sometimes climbing more than five times, led us to delay of distribution of our RSB2 tokens. Lately, it seems that the Gas price is finally going down. We will announce distribution as soon as possible when the cost of transactions drop to the fair price of 2. We are following the market closely and we will provide you with daily updates
https://preview.redd.it/50a2m2m36c911.png?width=1190&format=png&auto=webp&s=0d95f70882e563f1fe17ca51060e6d0de91aa455
Source: Etherscan.io
Daily Performances
As expected we continue to see gappy moves in thin trading. $6,000 level will likely be a strong magnet given the large open interest in September options. Implied volatility is ticking up slowly despite tight ranges but it is unlikely the market can independently break out of the current consolidative phase without external catalysts.
Weekly Top 5 Price comparison
- BTC . - ETH . - XRP . - BCH . - EOS
https://preview.redd.it/i5cmi7z0cb911.png?width=1080&format=png&auto=webp&s=22154e3b8b1ecd376c0220b8d10278832a52ad49
Technical Analysis - BTC
BTCUSD is potentially completing an inverted head and shoulder pattern. Should it complete the right shoulder and break above the neckline, currently at $6,870, we would expect to see an upwards impulse towards $8,000, where it would meet the downward trend resistance. At this time, we are awaiting to see how this formation plays out.
https://preview.redd.it/6h9xnzl5cb911.png?width=1348&format=png&auto=webp&s=8f1364b11f97d20ba6697618509a0291a10495a6
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Tuesday,10. July 2018

→ Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen Bancor stated that a vulnerability was exploited to steal 24,984 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT.
→ Major Futures Exchange Cboe Files For Bitcoin ETF, Increasing ProbabilityCboe has filed for a bitcoin ETF with the US SEC, to enable investors in the public market to trade bitcoin in an OTC ecosystem.
→ Bitcoin Could go Mainstream Within 10 Years: Imperial College ResearchCryptocurrencies possess the potential of becoming a widely used form of payment within the coming decade.
→ BitGo Adds 57 Ethereum Tokens In Largest-Ever Custody Service ExpansionBitcoin veterans are jumping into the token economy with new licenses and custody options.
Daily Performances
Nothing much has changed in the broad crypto landscape. BTC has remained comfortably above 20DMA despite the $6,000 level magnet, and also has been resilient to negative news. Light volumes still indicate a lack of conviction but $6,800-$7,000 range to the upside seems to be the short term target necessary for another leg higher. Summer season may bring more quiet trading but external shocks and/or significant news may cause a gappy move - more likely to the upside.
Weekly Top 5 Price comparison
- BTC . - ETH . - XRP . - BCH . - EOS
https://preview.redd.it/t92pi3lry2911.png?width=1080&format=png&auto=webp&s=71b5e4891458a4d5fa98114c6f523bd46de3e813
Technical Analysis - BTC
After periods of lower lows and retest of $6,000-a key support line and April lows, it seems like Bitcoin prices are making a turn for the better.. BTCUSD continues to be in a short term uptrend which is positive, but it is facing various resistance levels all the way to $7,000. Closing above $7,000 for a few days would be a strong confirmation of a new strong uptrend. Until then, we remain cautiously optimistic.
https://preview.redd.it/ebu1dci2z2911.png?width=1348&format=png&auto=webp&s=dba7150d5a37efba69caffbf3407ccff16efaa0c
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Monday, 9. July 2018

Winklevoss Crypto Exchange Hires NYSE Technology Executive The Gemini cryptocurrency exchange hired Robert Cornish from the New York Stock Exchange to serve as its first chief technology officer.
→ German Bank Offers Special Accounts to Cryptocurrency Firms Solarisbank has launched a new banking service plan focused on clients from the digital currency industry.
→ Crypto Exchange Binance Expects up to $1 Billion Profit in 2018 Binance expects a net profit of up to $1 billion USD this year. It has already registered about $300 million of revenue in 2018 and a five-fold increase in the number of users.
→ Swiss Stock Exchange to Tokenize Securities With New DLT PlatformSwitzerland's principal stock exchange will build a blockchain-based platform to tokenize traditional securities for further trading and settlement.
Daily Performances
Over the weekend, there were somewhat positive industry news coming out (see news above). BTC has been attempting to break above the key $6,800 level to confirm a break away from downward trends. In options, September $6,000 puts have large open interest so if we are able to break away the market should get lighter. Volatility in upside calls ($9,000, 10k strikes) are closely watched for bullish signals.
Weekly Top 5 Price comparison
https://preview.redd.it/fmddcoj68w811.png?width=1044&format=png&auto=webp&s=f2fb90ebb37737be00551745912a2ff0dd430258
- BTC . - ETH . - XRP . - BCH . - EOS
Technical Analysis - BTC
BTCUSD continues to be in a short term uptrend which is positive, but it is facing various resistance levels all the way to $7,000. Closing above $7,000 for a few days would be a strong confirmation of a new strong uptrend. Until then, we remain cautiously optimistic
https://preview.redd.it/qnhqboya8w811.png?width=1312&format=png&auto=webp&s=5ac1f4f9fea6f94731a688a6aa7828eb9fa363b0
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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

submitted by Otilia_SwissBorg to swissborg [link] [comments]

Bitcoin + IRS, SEC Bitcoin ETF, Binance In China, Ethereum Use Case & Bitcoin Price Rise L’ETF Bitcoin est Lancé ! Dune - Projets Binance Venus & Binance Lending - Winklevoss rejoint Libra How to SHORT or LONG Bitcoin with Leverage BINANCE FUTURES TUTORIAL EXPLAINED for Beginners BITCOIN to $10,000 by End of 2019? Winklevoss Twins Free Bitcoin Giveaway - Ripple CEO Bank XRP FUNDS ARE SAFU, BINANCE - Coin Market Cap, Bitcoin ETF, ShareRing, Justin Sun, TRON, NULS Bitcoin Futures Explained - CME - NASDAQ - Winklevoss Binance MOONS, Winklevoss Proposal

Selling a bitcoin futures contract is an efficient way to take a short position in its price. First, let's take a look at the futures offered by the CME. Traded under the symbol BTC, each contract ... The first rejection took place back in 2013 when the Winklevoss brothers attempted to launch their Bitcoin Trust. Despite this, the optimists hope to see the first Bitcoin ETFs approved in either 2019 or 2020. Once the ETFs get to the exchanges, ... Update March 10th 2017 – The SEC has rejected the Bitcoin ETF suggested by the Winklevoss twins.. According to a publicly distributed notice detailing the decision, the SEC said: “As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other ... Short-Selling Bitcoin Assets . While this might not appeal to all investors, those interested in buying and selling actual bitcoin could short-sell the currency directly. Sell off tokens at a ... Winklevoss is the co-founder of Winklevoss Capital Management, a blockchain venture capital firm. Winklevoss also co-founded the next-gen exchange, Gemini, where he now stands as CEO. The business mogul is currently seeking approval for a Bitcoin ETF Winklevoss Bitcoin Trust, having already launched WinkDex, a BTC Price Index that will price the ETF. As Bitcoin holds firm following the SEC rejection of the Winklevoss ETF, reactions inside and outside the community range from the sublime to the ridiculous. ETF Rejection: No Price Panic As the decision was announced late Friday, Bitcoin’s price tumbled over $100, but as of Saturday has steadied at around $1,180 USD. Winklevoss Brothers Bitcoin ETF Rejected By SEC for Second Time The move comes more than a year after the SEC turned down a rule change request from the Bats BZX Exchange that would have paved the ... A Bitcoin ETF, such as the one proposed by the Winklevoss twins, would have the digital currency bitcoin as an underlying asset. That means that by purchasing a bitcoin ETF, an investor would be indirectly purchasing bitcoin, as he or she would be holding the bitcoin ETF in a portfolio as opposed to the actual digital currency itself. However, as the ETF would closely track the price of ...

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Bitcoin + IRS, SEC Bitcoin ETF, Binance In China, Ethereum Use Case & Bitcoin Price Rise

#bitcoin #crypto #cryptocurrencies In this quick video we will show how to place a trade in Binance Futures. ----- ... Bitcoin + IRS, SEC Bitcoin ETF, Binance In China, Ethereum Use Case & Bitcoin Price Rise The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... Bitcoin Will One Day Be Worth 40 Times Price It Is Now: Gemini Exchange's Cameron Winklevoss CNBC - Duration: 3:16. ... Binance Smart Contracts, Google - Programmer explains - Duration: 1:06:24 ... FUNDS ARE SAFU on BINANCE exchange this video includes a Coin Market Cap review a look at the winklevoss Bitcoin ETF, ShareRing, Justin Sun, TRON, NULS and much more! I suggest watching at 1.25x ... Ability to Short Bitcoin - Traders waiting to short Bitcoin Bitcoin ETF – next Step - Ease and Liquidity - Winklevoss Twins “COIN” - SEC Reviewing again - 100,000 BTC Institutional Investor ... L’ETF Bitcoin est Lancé ! Dune - Projets Binance Venus & Binance Lending - Winklevoss rejoint Libra Leonis Investissement - Secrets d'investisseur. Loading... Unsubscribe from Leonis ... It's highly probable with the Bitcoin Halving next year and major instituions launching Bitcoin and Crypto services. - The Winklevoss Twins Are Giving Away 1 Bitcoin After Tron’s Tesla Fail

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