Daily Cryptocurrencies & Blockchain Update, September 28th, 11:00:00 CET

📬 Daily Cryptocurrencies & Blockchain Update, September 28th, 11:00:00 CET

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Bitcoin

🔼 There’s a cartoon currently popping up in the inboxes of Mayfair’s bitcoin-obsessed hedge fund managers. It’s titled ‘how to be an analyst’ and the hedgies are poking fun at their financier ‘inferiors’. When the digital currency rises in value, the analyst declares it a ‘bubble headed for a crash’. When it falls, it’s ‘bitcoin’s dead!’ The value’s flat? ‘No return on investment’. And if bitcoin’s price moves, it’s ‘too volatile’. The bitcoin believers are mocking the way cryptocurrency sceptics find fault whatever happens.
https://goo.gl/F4AnWE

🔽 Two weeks after JPMorgan Chase chief Jamie Dimon called bitcoin a “fraud”, his opposite number at Morgan Stanley has staked out a rather more supportive position. James Gorman said on Wednesday that the cryptocurrency is “certainly something more than just a fad”. https://goo.gl/SGeci8

🔼 India’s market regulator is planning a framework to regulate the country’s bitcoin market, said three persons with direct knowledge of the matter. They declined to be named. In its first meeting on 19 September, the Securities and Exchange Board of India’s (Sebi) recently formed committee on financial and regulatory technologies (CFRT) concluded that it may be crucial to regulate bitcoin transactions to ensure that India’s public issue norms are not breached https://goo.gl/wH79XX

📶 Technical Analysis: https://goo.gl/3ry1ZX

Ethereum

🔼As companies embrace so-called "initial coin offerings," the Internet is becoming awash in digital tokens, which can be used to buy digital services but are more commonly held as a speculative investment. This has led to demand for an easy way to transfer and store these tokens. This is what led digital wallet maker Bread (formerly BreadWallet) to announce a major update on Wednesday to its iOS app, which will soon allow people to store all manner of tokens. This has the potential to increase the demand for some of the more exotic forms of digital money. https://goo.gl/hyckyw

🔼 China rocked the cryptocurrency world this month with one-two-punch regulations against initial coin offerings, then crypto exchanges themselves. But will China’s fears of decentralized currencies spill over into the rest of the world? Not necessarily, believes Vitalik Buterin, co-creator and flag bearer of ethereum, the second-most valuable cryptocurrency with a $27.5 billion market cap. https://goo.gl/L8eUHR

📶 Technical Analysis: https://goo.gl/NcpL2i

NEO

🔼 NEO, the eighth largest cryptocurrency in market capitalization, surged nearly 30% in the last 24 hours to a $33.78 price and a market capitalization of $1.689 billion, according to coinnmarketcap.com. https://goo.gl/zZD9yv

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

Upcoming ICOs

🆕 Etherparty starts in 3 days https://etherparty.io/ico/
🆕 Dentacoin starts in 3 days https://www.dentacoin.com/
🆕 B2BX starts in 4 days https://www.b2bx.pro/

Blockchain News

🔼 THERE’S a new way to prove you are who you say you are – inspired by the tech underpinning bitcoin. Usually, when you need to verify your identity, the process is archaic, insecure and time-consuming. You get a copy of your birth certificate in the post, put it in an envelope and hope it gets to whoever is asking for it. In the digital era, this should take seconds. But putting something as sensitive as a birth certificate online risks identity theft in the era of hacks and leaks. Now, the US state of Illinois is experimenting with a secure way of putting control of that data into its citizens’ hands, with the help of distributed ledgers, similar to the blockchain used by bitcoin. Just last month, Illinois announced a pilot project to create “secure ‘self-sovereign’ identity” for Illinois citizens wishing to access their birth certificate. The idea is to use a blockchain-like distributed ledger that allows online access only to the people owning the ID, and any third parties granted their permission. https://goo.gl/MkM7eH

🔼 The U.S. Department of Homeland Security (DHS) has awarded a grant of nearly $1 million dollars to a blockchain startup. Virginia-based DigitalBazaar, according to a September 25 release from the DHS, received the $749,241 in funding through the Small Business Innovation Program (SBIR). The grant, the department said, is intended to fuel the development of "fit-for-purpose blockchains" for a number of use cases. https://goo.gl/TbTgnX

🔼 Royal Bank of Canada (RY.TO) is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday. Martin Wildberger, RBC’s executive vice president for innovation and technology, said use of distributed ledger technology, or DLT, would improve the speed of payments, reduce complexity and lower costs. https://goo.gl/5YHYJd

🚩 Avoid Yourbitcoinbanker.com
🚩 Avoid Krypto-gold.com
🚩 Avoid Loanbit.net

Final Summary:

Looks like $150BN is now in sight as BTC and ETH break through the strong resistance of $4000 and $300. The bull run seems to have a lot of momentum and it can only be stopped by a catalyst which we are yet to find. China news has faded away. Look for any new news to come out of that region.

Key Events/Conferences Today:

Bitcoin and Blockchain Conference Almaty Almaty,Kazakhstan

Enjoy your Day
Nextblock Team