Curtain Comes Down on Wild Crypto Weekend

Welcome to another Monday, Bravado crew!

It’s the start of a new week, and as always, we’re ready to get at it! Did BTC exhaust you over the past few days? Have we traveled in every direction imaginable along the charts? If you think the answer is yes on all accounts, then you’re not alone.

Bitcoin is currently holding steady at the $5700 mark – which is generously higher than the $5500 pivotal support zone we established in our weekend analysis. On Saturday, BTC suddenly dropped from a ledge after flirting with the $6000 mark, leaving the market gasping while it plummeted like a rock on short timeframes. After approaching the pivotal support zone, it bounced with the kind of vigor and volume that brighten our day here at Bravado HQ.

Daily trading volume has remained healthy and high which supports the narrative of immense trader interest as of late. The spotlight is well and truly shining on both bitcoin and the crypto market as a whole.

Apart from technical analysis perspectives, which we outlined in our previous update, there are several bullish fundamental factors worth considering which are likely fueling the current surge.

Fidelity Investment is Going Live With Crypto Trading Platform

Fidelity is coming correct with its crypto trading platform. Rather than tease the cryptocurrency world with broken promises and delayed release dates, Fidelity is said to be launching the platform within the next few weeks.

Previously, Fidelity executives indicated that the platform was not only ready but that they were eager to set the platform loose upon a select network of loyal accounts.

Ethereum Futures On Brink of Approval

According to a CFTC insider, Ethereum futures are going to see an approval soon which will enable the creation of an ether futures contract. US regulators have already come to the conclusion that ETH is not a security – so, in theory, there shouldn’t be any major hurdles holding futures back from approval.

Ooops! scammers incriminate themselves with documentary photos https://twitter.com/biocoinproject/status/918520474585518082

Aeron has taken a "giant leap" and moved from the Ethereum platform to the Binance Chain, and Ethereum fans won't enjoy reading their reasons.

https://bit.ly/2VSDYnR

Can You Cancel Unconfirmed Bitcoin Transactions? Yes, Here’s How

https://bitcoinist.com/can-you-cancel-unconfirmed-bitcoin-transactions-yes-heres-how/

We released an expose about scamer dynasty of father and son Gorbunovs of crypto scams Crypterium and CryptoIndex (in Russian) https://news.1rj.ru/str/ICOmuzhik/2988

Withdrawals and deposits are currently disabled on Binance.com Exchange due to a hack.

https://binance.zendesk.com/hc/en-us/articles/360028031711

Last week we released a new Paytomat Wallet update. It’s one of our best and includes a few serious improvements. You may not notice them at first so make sure to test them out. Feel free to read this new piece to know more😉

Binance CEO Changpeng Zhao faced a huge backlash after stating that he had discussed winding Bitcoin's blockchain back to recover funds stolen in the recent hack.

https://bit.ly/2PUOjdD

Pretty cool blockchain forensic analytics: investigation of how Crypterium falsified number of participants in its ICO by 70%. These Kremlin-connected crooks are serial bot users and fakers just like Kremlin propaganda outlets. We wouldn't be surprised if they use the same bot farms as Russia Today
https://steemit.com/beauty/@saynotoscam/beauty-of-blockchain

Mainstream media naturally focused on the Binance hack this week, but they also liked the FBI's raid on a dark web portal.

https://bit.ly/2VijvUZ

Three heads of a scam ICO that centered around billions of dollars worth of sunken gold have been jailed for fraud.

https://bit.ly/2JeCcaU

Uber's IPO yesterday turned out to be one of the worst IPO's in history. Guess where the money is flowing? Can you say BITCOIN? 🤔 http://fortune.com/2019/05/10/uber-ipo-worst-performing-percentage/