Curate Bitcoin 09/10/2019 by dobobs

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

Current Market Price @CryptoCompare

 


VANECK SOLIDX BITCOIN TRUST FALLS FLAT ON EXPECTATIONS [bitcoinist.com]

VanEck has been in and out of the headlines in the Bitcoin circle for some time now since it submitted first highly scrutinized and hotly anticipated Bitcoin ETF proposal to the SEC.

For many, the United States Securities Exchange and Commission giving the approval for a Bitcoin ETF is the catalyst toward Bitcoin acceptance. It will open up the gates to a plethora of new investors and send the price of BTC into the stratosphere.


Bitcoin Volatility Sinks to Its Four-Month Low. Analysts Claim It’s Calm Before the Storm [u.today]

As reported by U.Today, market analyst Jim Wyckoff is certain that Bitcoin will continue its streak of sideways trading in the coming days, which essentially means that the top cryptocurrency will become even more stable.

However, multiple analysts believe that this is simply “calm before the storm.” BitBull Capital CEO Joe DiPasquale claims that Bitcoin’s unprecedented stability will “bode well for its future valuation.”

SWIFT Rep Calls Crypto Useless Because Of Volatility But Facebook-led Libra Could Disrupt Payments [bitcoinexchangeguide.com]

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has recently talked about cryptocurrencies. According to the organization, cryptocurrencies are useless because they are too unstable.

SWIFT representatives claimed that the value of Bitcoin and other cryptos goes down like a yoyo, which makes it untrustworthy. They believe that even if some crypto companies can make a more stable investment, it is because they offer a basket of currencies.

Bitcoin Misery Index Signals Bull Run Brewing, Says Fundstrat Research – BTC, ETH, XRP, LTC, BNB, EOS, BSV, XMR, ADA Forecasts [dailyhodl.com]

The head of research at Fundstrat says the firm’s proprietary Bitcoin Misery Index (BMI) suggests a rally may be on the horizon.
Tom Lee just shared the company’s analysis from the end of July, which predicted a summer of sideways consolidation for BTC.
According to the analysis, a drop in the BMI toward a key level of 50 points indicates Bitcoin may be set to rally between October of this year and February of 2020.

Bakkt to Require $3.9K Down Payment on Bitcoin Futures Contracts [coindesk.com]

In a new notice posted Tuesday, ICE Futures U.S. – the actual futures exchange Bakkt’s contracts are trading on – announced the initial hedge and speculative requirements for customers, as well as its monthly rate add-ons.

John Todaro, director of research at TradeBlock, told CoinDesk that the initial margin requirements are “the amount of assets (collateral) that need to be pledged in order to open a position.”

Bitcoin’s potentially bearish Head and Shoulder pattern could have it retest $9,400 level for fourth time [ambcrypto.com]

1-7
This pattern and many like it can only be considered a pattern when and if the price breaches the neckline. If not, the pattern is considered invalid. As seen above, this is a variation of an actual Head and Shoulder pattern. Source: TradingView

There are two supports for Bitcoin in a lower timeframe, a decline to support that has been tested 4 times since the formation of the above-mentioned pattern and an almost horizontal support ranging from $10,200 to $10,300. The price is sitting at this latter support; breaching this would push the price of Bitcoin to $10,000 and $9900, which happens to be the neckline for the Head and Shoulder pattern.

Survey: 40% of Millennials Look to Crypto in the Event of Recession [cointelegraph.com

New data suggests 40% of millennials would prefer to invest in crypto assets in the event of a recession.

In a news release shared with Cointelegraph on Sept. 10, multi-asset investment platform and social network eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the United States. Respondents aged between 20 and 65 years represented Generation Z, millennials, and Generation X.

Bitcoin Is Once Again Down for the Count [livebitcoinnews.com]

So much for bitcoin’s sudden rise to $10,800 last week. The coin was doing so well following a low period of trading in the $9,000 range and now things have returned to “normal” somewhat. While the currency isn’t in the $9,000 range again or lower, it is trading at around $10,180. This is significantly less than where it was, and bitcoin has once again let down all who were expecting a sudden bull run in the coming days.

Coinbase launches fund to invest in DeFi protocols, depositing 2 million USDC in Compound, dYdX [theblockcrypto.com]

Coinbase has contributed 1 million USDC each to Compound and dYdX
The contribution is part of the cryptocurrency exchange’s new initiative, the USDC Bootstrap Fund, to help decentralized finance (DeFi) projects get liquidity
Coinbase said it has always been interested in DeFi and wants the fund to support growth in the space

Bitcoin, Ethereum and XRP Price Analysis 10/09: Bull-Bear Battle Ensues [zycrypto.com]

btcusd-2
BTCUSD Chart By TradingView

BTC/USD pair has dipped by 2% over the last 24hrs, after escalating from the opening price of $10,255.24 to the current rate that is at $10,228.01. Afterward, the market seemed to be indecisive as suggested by the moving averages that are intertwining, and the RSI that is seen between level 40 and 60 also signifies a lack of dominance.

Bitcoin Struggles To Maintain Long-Term Support Above $10K, Altcoins Comeback? Weekly Crypto Market Update [cryptopotato.com]

Cryptocurrency news keep coming hot for yet another week of interesting events as the altcoin market is seemingly waking up. However, the market is in no hurry to buy the news and it doesn’t appear that we will see another altcoin season any time soon.

The last quarter of 2019 is ahead of us and it seems that we will sum up the year as a successful one for Bitcoin, which has recently stabilized around $10,000, given that no one predicted it earlier this year. Also, Bitcoin’s hash rate continues to increase and breaks new records as it can be seen in the picture.

The First Tokenized IPO Is Live [coin360.com]

Today MERJ Exchange announced the launch of what is said to be the first IPO on distributed ledger technology in market history.

Shares tokenized on the public Ethereum blockchain are available to investors worldwide via the MERJ platform — the licensed securities exchange in the Republic of Seychelles, broker-dealer Jumpstart, crypto-custodian Prime Trust and blockchain fundraising platform Globacap. According to Yahoo Finance, MERJ Exchange has chosen to use Ethereum because at this time “it is the best-supported protocol for these purposes.”

Facebook’s Libra to Be Tied to Major Fiat Currencies, Except Chinese Yuan [coinspeaker.com]

When Facebook unveiled its Libra whitepaper back in June 2019, it already announced that it will be backed by a number of global fiat currencies. However, this time, the social media giant has shared additional details about the Libra’s fiat-pegged options.

As per the Bloomberg report, Facebook told the U.S. senators that each Libra token will be supposedly tied to fiat currencies like Euro, Yen, British Pound, U.S. Dollar, and Singapore Dollar. However, the Chinese Yuan is exempted from the list and this comes as no surprise knowing that China’s central bank is itself launching its state-backed digital currency to counter the upcoming competition from Libra.


[Event]

국내 첫 미디어 연합 블록체인 컨퍼런스 ‘KBW 2019’ 열린다 [blockpost]
kbw2019_website_10p-640x311

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]
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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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