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The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed robbery.
- There was a downside extension in bitcoin price below the $10,000 support against the US Dollar.
- The price is currently consolidating and is facing many hurdles on the upside near $10,400.
- There is a crucial bearish trend line forming with resistance near $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
- There could be a strong upward move if the price surges above $10,400 and $10,500.
- Bitcoin price is facing an uphill task near $10,500 and $10,680 against the US Dollar. BTC remains in a downtrend unless the bulls gain strength above $10,500.
The world’s giant financial and payment card firms Visa Inc. and MasterCard are trying to form a specialized team of digital asset experts or invest in venture firms, particularly in creating their private wallets. Mastercard Incorporated is seeking for professional blockchain engineers plus many other executives in the employment unit of its official website.
Last month, Visa declared that it is planning to invest around $40 mln to a startup firm working on custodian storage development for about $4.2 bln. Last year alone, Mastercard had over 170 blockchain engineers, and is now trying to recruit executives for cryptocurrency wallet development.
“On the face of it, the US economy still looks strong – unemployment is historically low, and growth remains above trend. However, under the hood, things are not so rosy. The manufacturing sector –which tends to drive the business cycle – is weak and is likely to weaken further… Given the looming slowdown and in the absence of inflationary pressure, we now expect the Fed to cut 25bp at all three remaining FOMC meetings this year.”
BK says this metric is just as important as the daily and monthly active user rate for social media platforms.
He posits that this data supports his belief that Bitcoin’s price “got ahead of itself” and is cooling off after a high energy parabolic run from $4,000 to $13,800.
With this said, Brian believes that there will be a chance for investors to buy Bitcoin as what he describes as a “generational buy” but he doesn’t consider the current price point a bargain.
Bank of England (BoE) Governor, Mark Carney, in a meeting with central bankers worldwide in Wyoming, has predicted that a cryptocurrency backed by several nations could overtake the U.S. dollar as the world reserve currency. As such, it will end the fiat’s hoarding by governments and enhance global trade, reports The Guardian on August 23, 2019.
Like Brian Kelly, several people in the crypto community are also bearish about Bitcoin in the short term. They have opined that Bitcoin will retrace to the $8,000 level soon. Others like WelsonTrader have remarked that Bitcoin will decline while altcoins, which have been stable or dipping most of the year, will finally take a significant leap in price.
“China should take advantage of WeChat Pay and Alipay, among other technological innovations, to increase the cross-border use of the yuan and accelerate the yuan’s internationalization,” he says. “The nation should also take an active role in the operation and management of Libra, to establish a foothold in the future international currency battlefield.”
If you’re sick of Jimmy Wales asking for money, you might be pleased to hear about the blockchain alternative. Everipedia is a for-profit alternative to Wikipedia, based on EOS. They’re trying to use tokens to incentivize contributors – but as the past year has demonstrated, that might be easier said than done.
No one remembers the first Mt. Gox hack. It was a small sum, even by 2011’s standards, and the exchange reimbursed all users. The incident was to prove significant, however, for it set in motion a string of attacks on other bitcoin platforms that began the very next day. By the time the dust had settled six weeks later, four separate thefts had occurred, culminating in the loss of more than 178,000 bitcoins.
하지만 갤노트10을 손 안에 넣었어도 아직 ‘삼성 블록체인 월렛’을 이용할 수는 없다. 키스토어를 통해 신규 계정을 생성하거나 기존의 지갑 계정을 불러들이는 것은 가능하지만, 이를 앱과 연동할 월렛 앱은 갤럭시 앱스토어에서 검색할 수 없다. 다운로드 링크에 접속하게 되면 ‘현재 휴대전화에서 이용할 수 없는 콘텐츠’라는 알림을 받게 된다. 결론부터 말하자면 월렛 앱은 보안 업데이트를 한차례 더 거친 후 이용이 가능하다.
코인데스크코리아와 부산광역시는 오는 9월3일 해운대 파크 하얏트 호텔에서 디지털 자산 거래소 박람회 ‘DAXPO2019’를 연다. 각 분야 전문가들을 초청해 다양한 관점에서 디지털 자산 생태계가 맞이한 새로운 국면을 진단할 예정이다.
블록체인 기술과 산업에 전문성을 인정받는 미디어 5사가 공동으로 아시아 최대 규모 블록체인 컨퍼런스 ‘코리아블록체인위크 2019(KBW2019)’를 오는 9월 27일부터 10월 4일까지 개최한다.
9월30일부터 10월1일 양일간 그랜드 인터컨티넨탈 서울 퍄르나스에서 팩트블록의 ‘코리아블록체인위크(KBW) 2019’ 주간(9월27일~10월4일) 중 메인 행사로 열리는 디파인 컨퍼런스에는 국내외 주요 기업들과 블록체인 프로젝트들이 대거 참여할 예정이다.