Bitcoin sees dip to $9100 and rebound to $9700 all within one hour
Bakkt eyeing Q3 launch pending approval from NYDFS, but exchange’s initial plans shows a guaranty fund that some say is too low to cover positions at risk. ICE-backed project is still waiting on approval to operate its Bakkt Warehouse, which would allow Bakkt to operate as a limited-purpose trust company.
Abra announced changes for U.S. users due to regulatory uncertainty. All cryptocurrencies other than bitcoin, ether, litecoin and bitcoin cash will be migrated to a native hosted wallet solution. U.S. users will now no longer be eligible to hold QTUM, bitcoin gold, EOS, OmiseGO, and Status tokens after Aug. 29.
Iranian government endorsed crypto mining as an industrial activity and noted that those involved should take required licenses from the Ministry of Industry, Mine and Trade.
Maker Foundation Interim Risk Team placed an Executive Vote into the voting system, which will enable the community to enact a new Dai Stability Fee of 18.5%. The Executive Vote will continue until the number of votes surpasses the total in favor of the previous Executive Vote.
Sergey Ivancheglo planned his resignation from the IOTA Foundation when the Alpha and Omega engineering teams were to be merged at the end of June. As planned Sergey submitted his resignation letter on the 26th of June and stepped down from the Board of Directors.
Newcastle United said that StormGain, a cryptocurrency trading company, will be their sleeve sponsor for next season.
Jul 29 - Tether Case "Order to Show Cause" deadline for NY AG's office
Aug 6 - Litecoin Block Reward Halving (Coin reward decreases from 25 to 12.5 coins)
Aug 14 - SEC decision on Bitwise ETF
Aug 20 - Blockchain Summit Singapore 2019 (forthcoming)
Aug 30 - CME Bitcoin Futures Aug 2019 contract (BTCQ19) last trade date; settlement Sept 3
#bitcoin bull markets seem to start at difficulty bottoms. We saw difficulty bottoms (miner capitulation) in Dec 2011 ($4.6), May 2015 ($230) and Dec 2018 ($3691). Price continues to rise from these bottoms until ATH around 100x .. implying a continuing uptrend until $370K ATH.
The plot thickens; Sources in China say the Chinese government believed that @justinsuntron “promoting” the Warren Buffett lunch was a “provocative” act given current trade tensions. He has been told not to pursue the lunch. My source believes the lunch won’t happen at all.
Central Banks will struggle to find enough Gold to satisfy demand (even at $2,500 an Oz), so they will turn to #Bitcoin to fulfill their need for Hard Money. Will this be the catalyst that drives BTC to pomp’s $100k, 2021 target?
By Not Renewing The CBGA, Central Banks In Europe Are Ready To Buy Gold (link: https://www.zerohedge.com/news/2019-07-28/not-renewing-cbga-central-banks-europe-are-ready-buy-gold) zerohedge.com/news/2019-07-2…
dave the wave@davthewave
Long term 200 MWA [50 MMA] lining up with the logarithmic growth curve....
Back to the long term moving average, and then off to the races...
$BTC weekly update: 2 weeks later and we've finally arrived at the outlined $9500 support. If this is a bull market pullback, this is where I'd expect it to bottom out. Good enough to take a chance. I've been big timeframe bearish since $11500, flipping neutral to bullish here.
A couple of whales moving the price of bitcoin 6~10 percent within a span of minutes is not a good look and hurts many investors. I reckon the emergence of better regulated trading venues would help in the long term but in the short term, I don't see this being addressed.
Stage 1 of the bull market is completing, once we bottom stage 2 begins promising the long sustainable bull drive that takes us through all of 2020 (if BTC continues its personality). Stage 1 was trader driven dominance squeezing us up and driving fomo. Fomo complete, stage set.
To Peter's points, institutional investors are already coming in, I do not believe they are suckers by virtue of needing to understand risk management. The data I see is that old hands (via UTXO age) are distributing coins over time, the capital inrush is more than enough.
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