🗞 Daily Crypto News, November 20th 💰
- NEO Boom or Bust? New Announcements and FUD
- First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000
- Massive Hedge Fund AQR Incorporating Blockchain Technology
- German FinTech Company NAGA Group to Launch Token Pre-Sale
- Israel Might Finally Issue Clear Bitcoin Regulations
- BTC Trading Update by @cryptopassion
🗞 NEO Boom or Bust? New Announcements and FUD
Blockchain company NEO has had a spectacular weekend, by any accounting. The company made a number of important announcements, resulting in a significant price jump, with more announcements to come.
Read more & Source: https://cointelegraph.com/news/neo-boom-or-bust-new-announcements-and-fud
🗞 First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000
Called a Long-Term Equity Anticipation Security (LEAPS), the trade was matched by the platform this morning and is set to expire on December 28, 2018. Under the terms of the deal, the buyer has the right to buy bitcoin at a price of $10,000 at that date, or almost a 30 percent premium on today's price.
Chou said:
"There will be, I expect, a lot more trades down the line. This is the first one, but it at least gives you the first guess from different institutional traders as to what bitcoin's dynamics will look like from now until 2018."
Read more & Source: https://www.coindesk.com/first-long-term-ledgerx-bitcoin-option-pegs-price-10000-one-year/
🗞 Massive Hedge Fund AQR Incorporating Blockchain Technology
“How long [the technology] takes to get there and what becomes the standard is unclear, there’s a big entrenched infrastructure there, but there is potential for more efficiencies that can be gained by Blockchain.”
Read more & Source : https://cointelegraph.com/news/massive-hedge-fund-aqr-incorporating-blockchain-technology
🗞 German FinTech Company NAGA Group to Launch Token Pre-Sale
Founded in 2015, The NAGA Group AG broke records earlier this year, launching the fastest-performing German IPO in the last 15 years. Listed on the German Stock Exchange in Frankfurt, NAGA Group shares are currently trading at nearly 500% above their original issue price. The company employs a team of over 120 people and has a market cap of over $250 million USD.
Read more & Source : https://themerkle.com/german-fintech-company-naga-group-to-launch-token-pre-sale/
🗞 Israel Might Finally Issue Clear Bitcoin Regulations
Ambiguity can be dreadfully annoying when it comes to matters of law. Such is the case of bitcoin use in Israel, where citizens have yet to receive any official word on the subject. Soon, however, this issue might finally be resolved.
Read more & Source : https://news.bitcoin.com/israel-might-finally-issue-clear-bitcoin-regulations/
BTC Trading Update by @cryptopassion
Since the break of the resistance line, we are consolidating around the same line which is now a support line :
On the 5 minutes chart, we can see a triangle pattern :
We should have a Break Out soon and I think there are more probabilities that it is a UP break out but never forget we can be sure at 100% of the direction. Just wait the start of the Break Out and follow the trend.
This UP Break Out should allow us to make again a new Top.
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🗞 Daily Crypto News, November 16th💰
Source Image: 1
LedgerX launched its first "long-term" Bitcoin contract last week.
Named Long-Term Equity Anticipation Security (LEAPS), this contract will expire on December 28, 2018.
Its terms are as follows: the buyer of the contract will have the opportunity to get Bitcoins for $ 10,000 at that date - which corresponded to a "premium" of about 30% compared to the price then in force.
In other words, the buyer of the contract will only earn money if the price of Bitcoin is greater than $ 10,000 at the end of December 2018. The existence of such a contract seems to indicate a high degree of confidence in future price developments for Bitcoin.
Interesting times in the crypto world