Cryptocurrency Market Analysis 2019
📮 18-10-2019
📈 MarketCap: $220 B
📊 24h Mcap %: -1.66%
⚠️ Bitcoin Dom: 65.0%
Active Coins: 2,515
24h Vol %: 0.88%
24h Vol: $48 B
1. Qtum has gone tho' its first-ever laborious fork these days, unlocking major vital network enhancements like good contract and block spacing. the quantity of blocks on Qtum blockchain has crossed the 466,000 mark, amounting to 466,621 at press time. the aim of the laborious fork is to upgrade the Qtum blockchain, to not manufacture a replacement coin. Users update to version zero.18.1 as presently as doable, noting that the new options are enabled mechanically as of block 466,600.
2. Cryptocurrencies are ill somewhat these days, as we have a tendency to alluded to yesterday. whereas Bitcoin remains weak at slightly higher than $8,100, the altcoin thawing continues with a couple of outliers leading the approach. the foremost spectacular gain these days is denote by Monero, presently at +10% and reckoning. alternative notables embody XRP’s +5%, furthermore as a +10-11% registered by Chainlink, BAT, Dogecoin, 0x and NEM.
3. On Friday, the eighteen millionth bitcoin are mined . there'll solely be another three million left to get hold of. Bitcoin diehards Anthony Pompliano celebrating and making an attempt to urge #3MillionLeft trending on Twitter. There are a number of reasons why increasing insufficiency provides Bitcoin believers happy tingles. Central to the current is that the thesis of Bitcoin itself—the notion of “artificial insufficiency.” not like state-backed, “fiat” currencies, Bitcoin was hardwired by its discoverer, Satoshi Nakamoto, to be proof against inflation.
4. it's been disclosed that United Nations agency won't be changing given Bitcoin and Ethereum donations to enactment currency, probably to HODL them. The new pilot program is that the 1st time the international agency are acceptive cryptocurrencies. the primary donation created can reportedly return from the Ethereum Foundation that given one BTC and 10,000 ETH to the cause. The pilot program will be a collaboration with United Nations agency USA, United Nations agency Australia, UNICEF NZ, and United Nations agency France.
5. Cryptocurrency exchange KuCoin’s derivatives platform, KuMEX, goes to launch bitcoin monthly futures contracts in an exceedingly “few weeks.” Michael Gan, founder and chief executive officer of KuCoin, proclaimed the news at the Blockchain Life 2019 Forum in capital of the Russian Federation, Russia. IDG Capital-backed KuCoin launched KuMEX in July, and already offers a bitcoin perpetual contract (XBTUSDM), that is quoted in U.S. greenbacks and offers up to twenty times leverage. Gan more noted that to extend retail participation, Exchanges can got to scale back the minimum bitcoin contract worth limit.
6. Dubai-based realty big Emaar Properties has discharged its new blockchain token-based referral and loyalty platform. Emaar, that developed the world’s tallest building, the Burj Khalifa, furthermore because the port Mall, is aiming to launch the EMR token for gratifying its customers. supported JPMorgan’s blockchain platform assemblage, EMR tokens are redeemable not solely at intervals Emaar’s realty network, as well as hotels, ecommerce operations and malls, however can also be listed with alternative users.
7. Central bankers and finance ministers are set to return along for the planet Bank annual meeting, and also the United Nations agency has some robust recommendation for them: regulate cryptocurrencies or watch your financial monopoly lose power. Sources at Bloomberg believe the United Nations agency has finally understood that the shift from a bank-based system to a payment primarily based system serves the public’s wants and offers them a spread of alternative advantages that a bank cannot. Digital currencies and payments appear to possess hit a soft spot for domestic financial bodies.
8. message is pushing back against the U.S. Securities and Exchange Commission (SEC). The electronic communication platform filed a response to the securities regulator Wednesday, writing that the SEC’s emergency injunction last week was unwarranted. message is asking a judicature to deny the regulator’s motion to enforce a subpoena. message argued its approaching gram token isn't a security, and also the SEC shouldn't be able to force the corporate to supply documents or witnesses concerning its blockchain project.
9. Bank of America(BofA), the second-largest bank within the U.S., has quietly tested out Ripple’s distributed ledger technology – and will be aiming to do additional with it. Ripple went to date on establish BofA as a “customer” in an exceedingly presentation given at a seminar command by the International fund (IMF) late last year. once asked concerning this, a Ripple exponent neither confirmed nor denied whether or not BofA was a client – however same the businesses had conducted a pilot along.
10. associate degree imminent death cross, a pessimistic however insulating material indicator, suggests bitcoin may be nearing a significant bottom. Bitcoin’s 50- and 200-day moving averages (MAs)look set to supply a death cross within the next week or 2. Historical knowledge shows the cryptocurrency might bottom out if the cross is confirmed. BTC could drop to support close to $7,430 before then. a prospect higher than $8,820 is required to invalidate the pessimistic lower-highs got wind of and ensure a optimistic reversal.
11. Cryptocurrency exchange Binance’s futures mercantilism platform, Binance Futures, has simply accumulated leverage up to a hundred twenty five times from twenty times earlier. Binance same traders will currently choose any leverage from 1x to 125x for its bitcoin (BTC)/ tether (USDT) futures contracts. At the utmost leverage of 125x, a one hundred USDT collateral deposit can enable users to carry twelve,500 USDT in BTC. Binance chief executive officer Changpeng Zhao “CZ” same that the move has been taken because of a rise in institutional participation.
12. man of science and head of WeWork African country, Stafford Masie, has same that Bitcoin (BTC) can amendment the long run of humanity over the other technological innovation. at one time the chief executive officer of Google Africa — same that Bitcoin’s provision of associate degree exchange useful while not intermediaries is that the greatest gift grouping has ever received technologically. Masie argued that whereas the crypto notecase is “misunderstood, misused, distorted and viewed as sophisticated,” it'll revolutionize international trade.
0 Comments