Bitcoin 08/27/2019

Price Analysis 26/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM []

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Previously, Bitcoin rallied along with risky assets, however, in the past few months, it has been acting similar to a safe haven, though it is not there yet, according to Nelson Minier, head of over-the-counter sales at cryptocurrency exchange Kraken. Minier said that the current state of the cryptocurrency industry, with all its innovation and trading, is similar to how Wall Street was when he was new to it.

Analysts Turn Bearish On Bitcoin As Crypto Markets Run Red []

BTC price 1 hour chart –

Bitcoin has remained above five figures for another day, but only just. As the red seeps in to crypto markets, analysts are leaning bearish with further losses predicted before any meaningful upsides.

Following a couple of visits to $10,400 yesterday and a generally positive start to the week, Bitcoin is on the back foot again. A couple of recent candles during the Asian trading session have dropped prices back to $10,100 as another dip back into four figures is looming.


Despite an early spike at 5 am ET, Dow futures couldn’t break into positive territory. Source: Yahoo Finance

Dow Jones Industrial Average (DJIA) futures struggled for traction on Tuesday as the ongoing trade war continues to confuse and spook Wall Street investors. In the wake of renewed trade tensions between China and the US, the world’s largest wealth management firm, UBS, is dumping equities and urging investors to do the same.

Bitcoin May Suffer Deeper Drop Below This Price Average []


  • A weekly close (Sunday, UTC) below the 12-week exponential moving average (EMA), currently at $9,940, could yield a deeper drop to levels below $9,000. The EMA has served as strong support in the last six weeks.
  • The slide below the 12-week EMA, if any, could recharge engines for a break above June’s high of $13,880, historical data indicates.
  • BTC risks falling to levels below $9,500 if prices end the day (UTC) below the 100-day moving average (MA) at $10,025.
  • A weekly close (Sunday, UTC) above $12,000 is needed to revive the bull market.

Analysts Caution Crypto Traders, Say Lower Highs Signal Major Correction Incoming []

Crypto trader and entrepreneur Bob Loukas says Bitcoin’s rally that began in December of last year is on hold, with Bitcoin now posting a series of lower highs in succession. Loukas expects BTC to move as low as $7,900 in a “major shakeout” before a renewed rally begins.

“Buy and hold as if it’s going to rocket out of this consolidation. But know the intermediate-term rally from Dec lows ended. Therefore, a major shakeout from this consolidation, before a continuation, would be perfectly normal behavior.”

Major Crypto Exchange Bitfinex Adds New Stablecoin Pairs As Tether Expands Its Market []

On August 27, Bitfinex spread the word on its Twitter page that it has listed three new pairs with stablecoins. The newly added pairs contain Paxos Standard (PAX), TrueUSD (TUSD) and USD Coin (USDC).


Trading started at 8.00 a.m. UTC on Tuesday. As per the company blog post, only verified users can trade these new pairs.

Craig Wright Ordered to pay $5 Billion in Bitcoin and Fifty-Percent of his Intellectual Property to Kleinman Estate []

The court drama has finally come to an end with Magistrate Bruce Reinhart recommending that Wright must pay 5 billion dollars to Kleiman’s estate as well as give up half of his intellectual property held before December 31, 2013. Details of the case have not been published for the public yet, but those familiar with developments have commented on Twitter, August 26, 2019.

“Wright Found Guilty, Offers His Views”

The Southern District of Florida has found Craig Wright guilty of falsifying documents, making up the Tulip Trust, and has been ordered to give Kleiman’s estate half of all his BTC and IP held before the end of 2013.

Bitcoin ETF will bring the Glamour, but not the Glow: Explainer Part 1 []

Hold your horses, the Bitcoin ETF might not be as big as it seems.

At the beginning of the year, cryptocurrency enthusiasts were hopeful. With 2018 ending on such a low, a pessimistic baseline was set. Hence, anything 2019 had to offer, was thought to be positive. Eight months into the year, proponents are elated with the price, developments and announcements, but the market is just getting started.

A CoinMarketCap alternative launches trading indices that find only 17% BTC trading volumes trustworthy []

Backed by Coinbase Ventures, Nomics measures the trustworthiness of a cryptocurrency’s trading volume, or the so-called transparent volume, by summing the token’s trading volumes across several exchanges. This transparent volume is then divided by the total reported trading volume to derive the transparent volume percentage for the token.

The company ranks 167 cryptocurrency exchanges by how transparent they are with their trading data. Exchanges like Coinbase Pro, Kraken, and Binance can get an A or A+ rating if they share their complete trading history and raw trade data with Nomics. On the contrary, those who get D rating only make their ticker data available, including 24-hour volumes and trading prices, which is what CoinMarketCap mainly tracks, according to Nomics CEO Clay Collins.

Bakkt Investor Backs $200 Million Fund With Focus on Algorand Blockchain  []

11-11 Ventures, one of Bakkt investors is supporting a $200 million venture capital fund with a focus on the Algorand blockchain platform.

The fund which has been dubbed Algo VC Fund will be channeled towards startups that are establishing on the Algorand blockchain and groups that promote the Algo fund native cryptocurrency Algo.

The  Algo VC fund also focuses on upcoming emerging businesses with a proven business model, scalable revenue, and a roadmap toward profitability. Previously, the fund had a target of $100 million.

Bitcoin Price Could Shift From $10K As Futures And ETFs Sway Markets []

The likelihood has been falling as the year progresses, despite the Bitcoin price reaching up to $13,800 in recent months.

All that could change its trajectory is October’s US regulatory decision on whether to allow Bitcoin exchange-traded funds (ETFs) to hit the market.

“October should be the most interesting month for bitcoin with two ETF applications under review by the SEC,” Skew summarized on Twitter August 26.

Bitcoin at $7,900 is the Next Price to Watch, Analysts Caution Traders []

The price of Bitcoin (BTC) has been hovering around $10,000 since late June but has struggled to make any movement above that crucial level after global regulators poured cold water on social media behemoth Facebook’s ambitious plan to create its own cryptocurrency.

Predicting what could happen in the next few weeks, one commentator appeared unconvinced the top-ranking cryptocurrency is in a good position in the short-term.

Facebook hires lobbying firm to save Libra []

Washington D.C. is known for being a tricky town to get things done in. Partisan politics holds back real progress and the pesky bureaucracy slows down innovative ideas. Facebook is looking to apply the one solution that works on most problems for their Libra debacle: lobbyists.

Lobbying firm FS Vector LLC has registered as having a relationship with Facebook as their customer since August 5, 2019. This can be confirmed on ProPublica, a lobbying disclosure database website. They specifically listed their reason for lobbying for Facebook as “Issues related to blockchain policy,” with John Collins as their representative.

Global currency, recession and Bitcoin, part 1: What, why and how? []

There are many signs pointing to the fact that the world is headed towards recession right now.

Wage growth is stalling, mortgage defaults are rising, retail sales are falling, market omens such as the dreaded inverted bond yield curve are appearing, the US federal reserve cut interest rates for the first time since just before the GFC and almost every ounce of existing precedent says the world is about to experience another recession.

But while these can rattle investor confidence and hasten collapse, they’re still just the symptoms of recession, rather than the cause.

Wannabe Crypto Whale Tries to Send $46 Billion in Tether (USDT) []

An attempt to send a transfer of 46 billion Tether (USDT), worth $46 billion, is turning heads among crypto whale watchers.

Whale Alert first reported the transfer, which tried to move significantly more than Tether’s total supply of 17.8 billion USDT between two unknown wallets.

The attempted transfer was later deemed to be invalid due to insufficient funds. According to Omni Explorer, the transfer would have cost just $0.52 if it had been valid.


부산에서 FATF와 리브라 이후 암호화폐 세상의 새 질서를 논의한다 [coindeskkorea]

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.

국내 첫 미디어 연합 블록체인 컨퍼런스 ‘KBW 2019’ 열린다 [blockpost]

블록체인 기술과 산업에 전문성을 인정받는 미디어 5사가 공동으로 아시아 최대 규모 블록체인 컨퍼런스 ‘코리아블록체인위크 2019(KBW2019)’를 오는 9월 27일부터 10월 4일까지 개최한다.

국내 최대 블록체인 행사 ‘디파인’ 열린다…디센터 등 5개 미디어 주관 [decenter]

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.

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