🗞 Daily Crypto News, November 2nd 💰

Everyday, I bring you the most important CryptoNews so you can stay updated with the latest developments.

• $7k Bitcoin Traders Gaze At Moon As Analyst Predicts $5k Correction
• 'A Modest Proposal': Vitalik Unveils Multi-Year Vision for Ethereum
• Blockchain and Cryptocurrency Regulations Are ‘Unnecessary,’ Reserve Bank of Australia
• Bitcoin Cash Markets Surge As the Pending Hard Fork Approaches
• Are Social Platforms Responsible for User-Generated Content?
• BTC Trading Update by @cryptopassion

🗞 $7k Bitcoin Traders Gaze At Moon As Analyst Predicts $5k Correction

As Bitcoin hovers around the historic $7,000, talk of retraces is growing, with one analyst predicting an inevitable fall back to $5,000.
Despite prices growing at an unprecedented rate this week, the fallout over SegWit2x will trigger a correction “no matter how high” Bitcoin gets, Tone Vays concluded.

Read more & Source: https://cointelegraph.com/news/7k-bitcoin-traders-gaze-at-moon-as-analyst-predicts-5k-correction

🗞 'A Modest Proposal': Vitalik Unveils Multi-Year Vision for Ethereum

A skinny, 23-year-old hacker in a green "Doge" t-shirt gave us an answer today. At ethereum's flagship conference, Devcon, project creator Vitalik Buterin revealed he has been quietly working on a new long-term plan for the future of the blockchain network. What he called a "modest proposal," it's perhaps better described as a three-to-four-year roadmap for ethereum's technical development.
Buterin told the crowd:
"Scalability is probably problem number one [...] There’s a graveyard of systems that claim to solve the scalability problem but don't. It's a very significant and hard challenge.
These are just known facts."

Read more & Source: https://www.coindesk.com/modest-proposal-vitalik-unveils-multi-year-vision-ethereum/

🗞 Blockchain and Cryptocurrency Regulations Are ‘Unnecessary,’ Reserve Bank of Australia

At a hearing before the Australian House of Representatives Standing Committee on Tax and Revenue in late October 2017, the two officials explained why the central bank does not see “pressing regulatory issues” involving the virtual currencies and Blockchain in the near term.
"The distributed and cross-border nature of digital currencies like Bitcoin means that regulation of the core protocols of these systems is unlikely to be effective. From the Bank's payments policy mandate, digital currencies do not currently appear to raise any pressing regulatory issues.”
Read more & Source: https://cointelegraph.com/news/blockchain-and-cryptocurrency-regulations-are-unnecessary-reserve-bank-of-australia

🗞 Bitcoin Cash Markets Surge As the Pending Hard Fork Approaches

The price of bitcoin cash (BCH) has been on a tear lately as network participants are steadily preparing for the upcoming hard fork. At the time of writing, the digital asset’s value is averaging $495 USD and currently commands the second highest cryptocurrency trade volume in the world.
Read more & Source : https://news.bitcoin.com/bitcoin-cash-markets-surge-as-the-pending-hard-fork-approaches/

🗞 Are Social Platforms Responsible for User-Generated Content?

Allegations of the Trump Administration colluding with Russia to influence the 2016 election have flared up again. While that’s intriguing in its own right, it’s far more interesting to take a look at how some social media and other online businesses are behaving in the wake of this news. Facebook, for example, seems to be on the defensive.
Read more & Source : https://themerkle.com/are-social-platforms-responsible-for-user-generated-content/

BTC Trading Update by @cryptopassion

Yesterday I was saying you that the move was not powerfull enough for a break out from that long term triangle.
It took little more time than expected but it did it during the night:

It broke the little triangle with a UP and reached the level around $7000 that I was talking to you to validate the break out scenario and avoid the Head Fake.
We should have now a little correction soon but the Bull trend is clearly back ! Enjoy !

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