🗞 Daily Crypto News, July, 2nd💰steemCreated with Sketch.

in bitcoin •  3 months ago  (edited)

  • Binance Exchange to Launch Crypto Futures Trading with 20x Leverage ;
  • Bitcoin Price Dips Below $10K With Deeper Losses Likely ;
  • ‘Disappointed’ by Central Bank Blockchain, Russia’s Largest Bank Eyes Alternatives ;
  • Bitcoin Mining Profits Skyrocketed 24% Last Month, Argo Blockchain Reports ;
  • Is Bitcoin Really Selling for $76,000 in Zimbabwe? ;
  • 📑 Daily Crypto Calendar, July, 2nd💰
  • STEEM Trading Update

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

🗞 Binance Exchange to Launch Crypto Futures Trading with 20x Leverage

Binance, the world’s largest cryptocurrency exchange by trading volume, is soon to launch futures trading.


During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.


“Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks,” he said. Referring to the screenshot of the interface showed on the stage, Zhao added:


“This is an actual screenshot of the working system. So Binance futures is coming.”

🗞 Bitcoin Price Dips Below $10K With Deeper Losses Likely

View


Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday.


The daily chart indicators have turned bearish, while the 4-hour chart is reporting a bearish lower-highs, lower-lows pattern. As a result, the price could slip further toward the former resistance-turned-support of $9,097 (May 30 high) in the next couple of days.


A UTC close below $9,097 would invalidate the bullish setup on the daily chart.


A high-volume break above the falling trendline on the 4-hour chart, currently at $11,100, would shift risk in favor of retest of the recent high of $13,880.

🗞 ‘Disappointed’ by Central Bank Blockchain, Russia’s Largest Bank Eyes Alternatives

The Takeaway


Masterchain, a blockchain project backed by Russia’s central bank, is falling behind on its goals two years after inception.
Sberbank, the leading bank in Russia, is unsatisfied with the system’s speed, security and overall efficiency after testing it.


The bank is looking to shift its work to other enterprise platforms, Sberbank’s blockchain lab head said.

🗞 Bitcoin Mining Profits Skyrocketed 24% Last Month, Argo Blockchain Reports

United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2.


Argo, which previously said it had benefited from the upturn in bitcoin prices, said revenues would continue to improve over previous estimates.


“The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019,” the report confirmed.


“This is an increase of approximately 101% from the Company's May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.”

🗞 Is Bitcoin Really Selling for $76,000 in Zimbabwe?

Bitcoin traders in Zimbabwe and South Africa are seeing skyrocketing premiums on their bitcoin (BTC), according to a report from financial news outlet Fxstreet on July 2.


Amid new capital controls in South Africa and Zimbabwe’s recent ban on local trading in foreign fiat currencies, local traders have reportedly seen asking prices of as high as $50,000 per 1 BTC if they attempt to purchase the coin from abroad.


At press time, bitcoin is trading above $10,915 on South African crypto exchange Luno, according to CoinMarketCap data — 10.5% above its price point on Cointelegraph’s bitcoin price index.

Meanwhile, other commentators on social media this week claimed that bitcoin is allegedly trading at as high as $76,000 in Zimbabwe — a premium of over 600%. As appears to be corroborated by screenshots from P2P site LocalBitcoins.com shared on Twitter, at least a scattering of traders have attempted to pocket colossal gains at an asking rate of $75-76,000:

Screenshot showing purported BTC asking prices on  LocalBitcoins.com for Zimbabwe-based traders

📑 Daily Crypto Calendar, July, 2nd💰

V1.0 "Narwhal" release, which includes the MainNet and NKN ecosystem.

"@Harmonyprotocol mainnet launch in 25 days!"

"Launch of BeliΞVE Live-Version on the 1st of July 2019"

"Stratis will be releasing our Cirrus Sidechain Masternodes on 1st July"

NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.

image.png

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