Daily Cryptocurrencies & Blockchain Update, October 2nd, 11:05:00 CET
📬 Daily Cryptocurrencies & Blockchain Update, October 2nd, 11:05:00 CET
Disclaimer: Nextblock.io and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice
Bitcoin
🔼 Hong Kong-based tech company TideBit is looking to expand its bitcoin trading operations, seeing growing demand from Chinese investors frozen out by Beijing’s crackdown on the virtual currency. https://goo.gl/gzawNK
🔼Bitcoin prices finally shrugged off the negative impact of Jamie Dimon and China Monday to pass $4,400. As of press time, BTC was trading at around $4,440, marking its highest level since Sep. 9. JPM Bought the Dip? https://goo.gl/mcS4KJ
📶 Technical Analysis: https://goo.gl/5Tc5YG
Ethereum
🔼 Lagarde asks, "How will FinTech change central banking over the next generation?" She acknowledged that it is a query worthy of hours of contemplative thought and touched on three key topics: virtual currency, new models of financial intermediation, and integration of artificial intelligence. Lagarde also hinted at a future where special drawing right (SDR), the currency IMF uses in-house, might grow as a result of growth in the cryptocurrency space. "The special drawing right, invented a few decades ago, might have a future interesting life if we include a digital dimension and some new technologies with it,” particularly when existing networks are threatened. On the coupling of digital currencies and the SDR, Lagarde stated, "If the two were to come together, the digital acceleration and facilitation and the geopolitical situation, that would be propitious to relying on an alternative basket of currencies," adding that, rather than becoming a substitute for national currencies, "we would need the two together." Potential space for a Crypto in the SDR Basket? https://goo.gl/ofD7Aa
🔼 Securities Exchange Commission announced that businessman Maksim Zaslavskiy and his two companies (RECoin and Diamond Reserve Club World) have been charged with defrauding investors in a pair of token offerings supposedly backed by real estate and diamonds respectively. The SEC has obtained an emergency court order to freeze assets belonging to Zaslavskiy and his companies after filing a complaint with a federal district court in Brooklyn, N.Y., charging RECoin and DRC World with violations of anti-fraud and registration provisions of federal securities law. The SEC seeks permanent injunctions and disgorgement plus interest and any applicable penalties. https://goo.gl/4cHFHy
📶 Technical Analysis: https://goo.gl/GDdLpZ
NEO
🔼 O3 will be the first NEO wallet available on the iOS platform. It embraces a hot and cold wallet design philosophy, allowing the user to store the hot wallet private key on the device for every day access, whilst providing the ability to monitor cold wallets in a read only capacity. This gives the user full visibility of all their NEO assets, and minimises the risk that carrying an entire portfolio on a single device entails. Sending transactions and viewing private keys will both require the user to be authenticated by TouchID or PIN code. https://goo.gl/36k3F7
📶 Technical Analysis: https://goo.gl/uk9seK
Upcoming ICOs
🆕 Qvolta starts in 7 days https://qvolta.com
🆕 Modex starts in 5 days https://www.modex.tech
🆕 Red Pulse starts in 6 days http://coin.red-pulse.com
Blockchain News
🔼 Bahrain, one of the major oil-producing country in UAE, is turning to digital currencies as part of their financial structure. According to Khalid Al Rumaihi, the chief executive of the Economic Development Board of Bahrain, the adoption of digital currencies in the system of Bahrain had been suggested over time through the finance ministry of the country.
This has lead to a conclusion of the issuance of "bonds on a digital currency." https://goo.gl/RBZz1W
🔼 The US State Department will host a forum on Blockchain on Oct. 10. The event will take place in George C. Marshall Center, Washington, DC where various offices from the State Department and other parts of the US government, as well as those from the private sector, will join the one-day workshop organized by the Blockchain@State initiative. https://goo.gl/Y5C2Ku
🔼 Dragonchain is a blockchain protocol originally built by Disney. It's designed to be more private than other popular blockchains like the bitcoin and ethereum protocols. Now some of the developers behind the technology want to build a commercial business to make it easy for less technologically savvy businesses to get involved. https://goo.gl/d9qZj4
🚩 Avoid Cryptocapital.biz
🚩 Avoid Robot-co.in
🚩 Avoid Coinminer.ga
Final Summary:
$150BN! We are back to this monumental market cap for the entire market. It is very small in comparison to other markets but crypto has shown resilience to get this far. Look for a potential breakout. If this is the case FOMO will cause a flood of investors pouring back into the market. If not we will see $150BN act as a strong resistance this week. https://coinmarketcap.com/charts/
Key Events/Conferences Today:
Crypto Economics Security Conference Berkeley, CA
The Rise of ICO Summit Linz, Austria
Enjoy your Day
Nextblock Team