🗞 Daily Crypto News, November, 3rd 💰

• Regulated ETH Futures? Not So Fast ;
• Ether and Bitcoin Price Look for Direction After Last Week’s 42% Rally ;
• After Painful 2018, Chinese Blockchain VCs Are Getting Back Into the Market ;
• Why Governments Can Never Stop Crypto ;
• After Painful 2018, Chinese Blockchain VCs Are Getting Back Into the Market ;
• 🗞 Daily Crypto News, November, 3rd💰
• STEEM Trading Update

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

🗞 Regulated ETH Futures? Not So Fast

Earlier this month, Heath Tarbert – the new chairman of the U.S. Commodity Futures Trading Commission (CFTC) – declared that ether, the token of the ethereum blockchain, was a commodity.

This is significant, coming from the regulator of one of the largest derivatives markets in the world. Why? Because it opens the door to the possibility of regulated ether derivatives in the near future. The chairman was even more specific: “I’d say it is likely that you would see a futures contract in the next six months to a year.”

The market got excited because this would enhance the token’s appeal to institutional investors. Derivatives enable hedging, which is a significant part of portfolio management and a solid support for long positions. A lively derivatives market, the reasoning goes, will encourage more investment, which will boost the price, which will encourage more investment, and so on.

🗞 Ether and Bitcoin Price Look for Direction After Last Week’s 42% Rally

Over the past few weeks, Ether (ETH) has tracked Bitcoin’s (BTC) price action and observant traders have deftly played reversals off double bottoms and back to back bounces at the $162 and $153 support. A comparison of the daily and weekly charts of Ether and Bitcoin highlights a number of similarities, chiefly, the Doji candle set right outside the upper arm of a wedge pattern. Ether, like Bitcoin, is consolidating into a tightening range as Bitcoin cools off and searches for direction after the meteoric 42% rally on Oct. 25.

With the weekly close approaching, traders are probably enjoying the weekend and waiting for the candle close to provide some insight into what direction the market might take going forward. Let’s take a look at the charts to see where Ether price might go.

🗞 Former US Congressman Ron Paul Receives His First Bitcoin

Former Texas Republican congressman and presidential candidate Ron Paul received his reportedly first Bitcoin (BTC) from Bitcoin Foundation board member and Bitcoin wallet startup Ballet Crypto founder, Bobby Lee, on Oct. 28.

Ron Paul now owns a gold plated Bitcoin wallet

Lee publicly announced the gift he had given to Paul on Nov. 2, noting that the coin has been loaded into a gold-plated Bitcoin wallet produced by his company Ballet Crypto. He added that extra care has been given to customizing the wallet to better suit the former congressman:

“It was a special serial number AA000820 to match his birthday! And he loves the #Gold color.”

🗞 Why Governments Can Never Stop Crypto

Many people argue that cryptocurrencies will never be accepted as a valid form of money because governments can just pass laws to outlaw them.

“Remember China, China, China!” goes their mantra.

Trouble is, these crypto skeptics ignore the actual, on-the-ground consequences of such “bans” and how easily they can backfire.

Let’s take a quick round-the-world tour, and I’ll show you exactly what I mean. And yes, we can start in Beijing.

Back in 2017, the Chinese authorities didn’t pussyfoot around. They went straight for the jugular — the cryptocurrency exchanges.

🗞 After Painful 2018, Chinese Blockchain VCs Are Getting Back Into the Market

The Takeaways:

After the 2018 crypto crash, up to 90 percent of blockchain-focused Chinese venture capital firms left the market.

Now, as China’s central government pushes for greater blockchain adoption, some are returning and deal-flow is increasing.

Surviving funds are retooling and diversifying into fields such as secondary trading and bitcoin mining.

🗞 Daily Crypto News, November, 3rd💰

• Waltonchain (WTC)

"Application for SMN & GMN $WTA pre-mining ends at 17:00 on Nov. 3 (UTC+8)."

• Stellar (XLM)

Stellar Meridian conference from Nov 4-5 in Mexico City.
Make sure to tune in to SDF Executive Director @DenelleDixon's livestream on Monday at 4:45PM CST for updates on critical SDF initiatives...

• Newscrypto Coin (NWC)

NWC will be listed on a new exchange.

• YGGDRASH (YEED)

Mainnet Launch

• Cappasity (CAPP), General Event (CRYPTO), Pundi X (NPXS)

Lisbon Web Summit in Lisbon, Portugal from November 4 - 7.

STEEM Trading Update by my friend @cryptopassion

Last Updates

• 🗞 Daily Crypto News, November, 2nd💰
• 🗞 Daily Crypto News, November, 1st💰
• 🗞 Daily Crypto News, October, 31st💰
• 🗞 Daily Crypto News, October, 30th💰
• 🗞 Daily Crypto News, October, 29th💰
• 🗞 Daily Crypto News, October, 28th💰
• 🗞 Daily Crypto News, October, 27th💰
• 🗞 Daily Crypto News, October, 26th💰
• 🗞 Daily Crypto News, October, 25th💰
• 🗞 Daily Crypto News, October, 24th💰
• 🗞 Daily Crypto News, October, 23rd💰
• 🗞 Daily Crypto News, October, 22nd💰

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