- Bull Trap? Bitcoin Price Slides Below $7K Despite Strong Indicators ;
- Why Japan’s Biggest Messaging App Line Decided to Create Its Own Crypto ;
- Bitcoin Art Merges Canvas and Augmented Reality, Bitmain IPO Update ;
- Japanese Company Trials BTC and Smart Contracts in Real Estate Transactions ;
- Crypto Mining Accepted as an Industry by Iranian Authorities ;
- 📑 Daily Crypto Calendar, September, 5th💰
- STEEM Trading Update by @cryptopassion
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Bull Trap? Bitcoin Price Slides Below $7K Despite Strong Indicators
Bitcoin dropped below $7,000 a few minutes before press time, in a move that warrants caution as a possible bull trap.
The leading cryptocurrency closed yesterday (as per UTC) above the trendline sloping downwards from the March 5 high and May 5 high, seemingly confirming a long-term bearish-to-bullish trend change.
However, the follow-through has been disappointing. As of writing, BTC is changing hands at $6,965 on Bitfinex – down 3.5 percent on a 24-hour basis.
🗞 Why Japan’s Biggest Messaging App Line Decided to Create Its Own Crypto
- The end of last month saw Line, Japan’s most widely-used messaging app (boasting >200m active users), announce its plans to launch its own cryptocurrency, named LINK. LINK is now listed on Line’s digital asset exchange BitBox, which it launched in July.
🗞 Bitcoin Art Merges Canvas and Augmented Reality, Bitmain IPO Update
In today’s edition of The Daily we feature an interesting art exhibition which merges augmented reality technology with oil paintings inspired by Bitcoin and cryptocurrency culture. We also cover updates about the Bitmain IPO, ASX’s “blockchain” deployment and Alexander Vinnik’s extradition case.
Apparently the rumors that a Singaporean sovereign wealth like fund has invested in the upcoming multi billion Bitmain IPO are all just #fakenews. Temasek Holdings Private Limited, the holding company owned by the Government of Singapore, which owns and manages a net portfolio of over $300 billion, has issued a statement rebuking the media speculations about its involvement with the Beijing-headquartered ASIC miner’s producer going public. The company stated: “We have seen commentary about an IPO involving a cryptocurrency company, Bitmain. Temasek is not an investor in Bitmain, and has never had discussions with, or an investment in, Bitmain. News reports about our involvement in their IPO are false.”
🗞 Intel, Software Multinational SAP Partner on Enterprise Blockchain Development Initiative
Intel and software multinational company SAP have announced that they are joining forces to address “gaps in the market” for solutions that power enterprise blockchain systems, according to an official Intel post September 4.
Intel and SAP write that their 25-year collaboration on enterprise infrastructure platforms has recently expanded to encompass blockchain technologies, spearheaded by the creation of a SAP-led global industry blockchain consortium.
🗞 Crypto Mining Accepted as an Industry by Iranian Authorities
The Secretary of Iran's Supreme Cyberspace Council revealed that various ministries of the country’s government have accepted crypto mining as an industry, local news agency IBENA reports September 4.
According to the report, the Cyberspace Council’s secretary Abolhassan Firoozabadi stressed that the mining of cryptocurrencies such as Bitcoin (BTC) has been approved as an industry by major government authorities. However, official legislation forming a legal framework for the industry has yet to be introduced in the country.
📑 Daily Crypto Calendar, September, 5th💰
- VeChain (VET)
Announcement of partnership with an automobile giant.
- Dogecoin (DOGE)
The Dogethereum crew will livestream a demonstration of the bridge on September 5 at 10AM PDT.
- Cardano (ADA)
Bittrex lists ADA/USD pair.
- Kryll (KRL)
Alpha version of the kryll.io platform released. Will enable live trading on exchange.
- Golem (GNT), Raiden Network Token (RDN), Status (SNT)
Mass adApption & use-cases: Golem, Raiden & Status.
- NEO (NEO)
Meetup in Cyberjaya, Malaysia from 5:30-8 PM.
Read more & Source: https://steemit.com/cryptocurrency/@vlemon/daily-crypto-calendar-september-5th
Sources: Coincalendar.info, Cryptocalendar.pro, Coinscalendar.com, CoinMarketCal
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Is it a real break? Mmmmh I'm still not convinced... As I explained you some days ago, we need an acceleration of the move in the case of the break of a resistance line like that one. So yeah I'm afraid that this little break is again a false sign and that we will correct immediatly if the BTC corrects also. Let' see the coming hours but we cannot stay so close of the 1$ if we have a real break of it.
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