Daily Cryptocurrencies & Blockchain Update, October 4th, 11:00:00 CET

in #news7 years ago

update back.jpg
📬 Daily Cryptocurrencies & Blockchain Update, October 4th, 11:00:00 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

🔼 The weekend rally in the bitcoin-U.S. dollar (BTC/USD) exchange rate may have come to a halt at $4,470 on Monday, but bulls appear to be crowding out the weak hands. The retreat to $4,255 over the last day suggests investors who lack the financial resources to carry their positions have been spooked by minor price changes. While this unwinding of speculative bets could have gathered pace, spreading uncertainty amongst a wider swathe of investors, that outcome now appears unlikely. https://goo.gl/E8YGie

🔼 The Nigerian person-to-person (P2P) bitcoin exchange, Bitkoin.Africa, launched on October 1st. The exchange currently only provides Nigerian users with full functionality, but claims to allow customers from “all other countries” to buy bitcoins. https://goo.gl/EGdiVg

📶 Technical Analysis: https://goo.gl/vaxTBT

Ethereum

🔼 European Union law enforcement agency Europol has for the first time released a cybercrime report examining the growing role of zcash, monero and ether on the darknet. In the 2017 Internet Organised Crime Threat Assessment (IOCTA), Europol states that, although bitcoin is still the preferred currency in cybercrime, the landscape is beginning to evolve, with "monero, ethereum and zcash … gaining popularity within the digital underground." The research document analyzes the differing desirability of these cryptocurrencies for cybercriminals, and concludes that monero is increasingly popular due to the "additional security and privacy features it offers." https://goo.gl/mnQEMj

🔼 A version of the ethereum blockchain being used by developers to test a forthcoming network upgrade is under spam attack. Beginning almost as soon as development began on the Ropsten testnet, the disruptions come at a time when developers are testing new code called Byzantium, an upcoming hard fork that will ring in the platform's third stage of development. However, despite the fact that the hard fork is planned for October 17, developers say there's no reason to believe the attacker will delay time-sensitive work. That's not to say there couldn't be complications, though. https://goo.gl/6Kjbjr

📶 Technical Analysis: https://goo.gl/R644SC

NEO

🔼 At US$3.4 billion, NEO (NEO), is now the sixth largest among cryptocurrencies and assets. Formerly know as Antshares, and dubbed by many as the “Ethereum of China,” NEO has risen sharply since its ICO, rebrand, and heavy marketing effort in late 2016. https://goo.gl/SEnNQw

📶 Technical Analysis: https://goo.gl/f2JQ5s

Upcoming ICOs

🆕 Qvolta starts in 5 days https://qvolta.com
🆕 Modex starts in 3 days https://www.modex.tech
🆕 Red Pulse starts in 4 days http://coin.red-pulse.com

Blockchain News

🔼 Gas and energy giant BP believes that the use of blockchain could give it an competitive edge in the market, according to its technology head. Speaking with The Financial Times, head of technology David Eyton struck an optimistic tone amidst work with fellow energy firms Wien Energie and Eni Trading & Shipping, who together with BP have been testing the tech on an energy trading platform developed by Canadian startup BTL. Following the conclusion of a successful trial earlier this year, the firms involved are said to be looking for more participants as part of a broader commercialization drive. https://goo.gl/BtnP7k

🔼 Not everyone has the means to open a personal or business bank account but practically, everyone needs to make transactions that involve money. In fact, World Bank Global Findex indicates that two billion individuals have no access to bank accounts. In the US alone, 7% of households are unbanked according to the latest data by the FDIC. While these figures dropped significantly in 2014, studies show that having a bank account has a direct correlation with the one’s standard of living. If somebody has a bank account, he can have access to better loans, savings, business startups, and property acquisition options. https://goo.gl/X7wovF

🔼 The thing about digital advertising and online publishing is that everyone involved in content creation may be equally benefiting from it. Most of the time, only the ones on the top of the organizational chart are reaping what the creators sowed and gaining huge amounts of revenue. Whereas the creators and the brains behind the brilliant campaign take away so little to nothing at all. Such situation is soon to change as Blockchain technology opens new doors of opportunities to make the online content economy transparent to everyone involved. https://goo.gl/s9bNe7

🚩 Avoid Fenixpremium.com
🚩 Avoid Bitcoin-multiply.com
🚩 Avoid Wc3club.com

Final Summary:

After a slight decline it looks like cryptocurrencies have found a support level and are leveling off. ETH still below $300 looking for the catalyst to go towards all time highs and BTC remains above $4300. NEO’s first ICO (Red Pulse) is just 4 days away it will be interesting to see the reaction due to Chinese investors not being allowed to participate.

Key Events/Conferences Today:

Enjoy your Day
Nextblock Team

Sort:  

Great summary! I keep hoping for some market pullback to buy some more ETH that I can put into ICOs

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63348.66
ETH 2668.99
USDT 1.00
SBD 2.78