🗞 Daily Crypto News, November 6th 💰

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

• A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors
• Why Segwit2x Is Doomed to Fail
• Saudi Arabia arrests Billionaire Prince - Could Uncertainty Boost Bitcoin?
• What Is Binary-Chain?
• ETF Firms File to Create Blockchain Investment Products
• BTCTrading Update by @cryptopassion

🗞 A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors

Run-ups of the kind bitcoin is having in price and valuation make fertile ground for scams. Scams are valuable and very teachable moments. Skin in the game, by having plunked hard-earned cash down to see a return on investment, means vigilance and due diligence are musts.

Read more & Source: https://news.bitcoin.com/a-closer-look-at-how-three-of-the-biggest-scamcoins-lure-its-investors/

🗞 Why Segwit2x Is Doomed to Fail

With two weeks remaining until it's slated to launch, all eyes are on the imminent hard fork of the bitcoin software: Segwit2x.

Its significance? The fear that it could initiate the largest and most contentious chain split that bitcoin, and perhaps any cryptocurrency, has yet seen. Such an event could have devastating consequences for the ecosystem and its wider perception.

However, a close analysis of the dynamics at play shows that these fears are largely overblown. More likely is the avoidance (or quick resolution) of such a split, one that will also serve as an important test that bolsters the perception of bitcoin as a secure store of value.

Read more & Source: https://www.coindesk.com/opinion-segwit2x-doomed-fail/

🗞 Saudi Arabia arrests Billionaire Prince - Could Uncertainty Boost Bitcoin?

Political uncertainty in the Middle East has risen to an all-time high, with Saudi Arabia arresting the richest Arab in the world, Prince Alwaleed bin Talal. Could this result in a shift to Bitcoin, the digital safe haven, in the Middle East?

Read more & Source : https://cointelegraph.com/news/bjorks-latest-album-available-only-with-cryptocurrencies-shows-adoption

🗞 What Is Binary-Chain?

There are plenty of reasons to keep a close eye on altcoins these days. That isn’t only because these new coins may actually be a decent store of value, but it’s also due to their underlying developments. Binary-Chain, for example, is a pretty unique blockchain protocol. It will be interesting to see how this new protocol plays out in the long run.

The technology is currently utilized by VeriCoin and Verium, although it is possible we may see other altcoins embrace something similar in the future.

Read more & Source : https://themerkle.com/what-is-binary-chain/

🗞 ETF Firms File to Create Blockchain Investment Products

According to Reality Shares’ application:

“Blockchain technology may be used to support a vast array of business applications in many different industries and markets, and the extent of its versatility has not yet been fully explored. As a result, the Index may include equity securities of both operating and non-operating companies.

Read more & Source : https://www.coindesk.com/new-businesses-file-to-launch-blockchain-etfs/

BTC Trading Update by @cryptopassion

As foreseen in my publication of yesterday here, the correction started :

My objective is to go touch the MMA13 (fluo green line) which just crossed the orange line. An extension is possible to go test the support line in orange.

As explain in my previous publications, we must don't break the second support line in green if we want to keep the Bull trend.

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