Recap of the Tap AMA Session from the 17th of January, 2020 - Stay informed!
🎁 Top 5 Questions will be announced soon ($100 worth of TAP will be distributed)
➡️ Click for Recap ⬅️
🎁 Top 5 Questions will be announced soon ($100 worth of TAP will be distributed)
➡️ Click for Recap ⬅️
🎁 We present you with the winners for the Tap AMA 🎁
@sam_cryptotrader - Before using and depositing funds in any platform, security of funds is very important for me. Can you share about how secure is to depositing my crypto in TAP Account is?
@Antonio_Alves - There are 3 types of TAP cards, which are TAP Free, TAP Black, TAP Titanium accounts. Can you explain the difference between all these standards? Which one should be beneficial & recommended for an average users?
@shinichiconan214 - Where do Tap’s profits come from? How many cryptocurrencies does Tap support?
@endtimeprophet - You will agree with me that ADOPTION and UTILITY is very key to project survival and success. What’s being done to drive global adoption of TAP amidst crypto regulations, legislation and competition?
@NO4M3 - How will TAP ensure to survive this tough market in the long term? What is your STRATEGY for the sustainability of your project?
----------------
Please PM @langa94 with your the ETH address where you want the XTP tokens sent.
Stay tuned for more AMAs and rewards. Make sure you follow us on Twitter!
@sam_cryptotrader - Before using and depositing funds in any platform, security of funds is very important for me. Can you share about how secure is to depositing my crypto in TAP Account is?
@Antonio_Alves - There are 3 types of TAP cards, which are TAP Free, TAP Black, TAP Titanium accounts. Can you explain the difference between all these standards? Which one should be beneficial & recommended for an average users?
@shinichiconan214 - Where do Tap’s profits come from? How many cryptocurrencies does Tap support?
@endtimeprophet - You will agree with me that ADOPTION and UTILITY is very key to project survival and success. What’s being done to drive global adoption of TAP amidst crypto regulations, legislation and competition?
@NO4M3 - How will TAP ensure to survive this tough market in the long term? What is your STRATEGY for the sustainability of your project?
----------------
Please PM @langa94 with your the ETH address where you want the XTP tokens sent.
Stay tuned for more AMAs and rewards. Make sure you follow us on Twitter!
🗞 Insider Newsletter #29 | January 21st, 2020 🗞
Last couple of weeks we’ve been talking about the $9,242 price level as a target to conclude the uptrend. We got just $50 shy of that and we’re now trying to break the market structure. Let’s dive into HTF levels first, then go deeper into LTF.
For the high timeframe analysis, we’ll be using a non-weighted index comprised of 6 perpetual futures contracts for a better view of the market. It consists of data from BitMex, Deribit, Bybit, FTX, Kraken, and CME futures contracts. Keep reading the analysis for this week.
In The Spotlight
🇪🇺 New EU AML Compliance Laws Could Disrupt the Crypto Industry
🇨🇳 Chinese Smartphone Retail Giant Invests In Decentralized Cloud Storage Firm, Monsoon Blockchain
🇺🇸 US Treasury Department testing blockchain tech for tracking federal grants
⚠️ Bitwise Withdraws Bitcoin ETF Proposal from SEC Registration
⚡️ Alipay Partner Tranglo Integrating Ripple’s Cross-Border Payments Technology
🚀 Bitcoin Will Reach $400,000 After Halving, History Dictates
🇩🇪 IOTA (MIOTA) Set for Widespread Adoption by Top German Software Firm
🟢 CME Open Interest for Bitcoin Futures Up 100% Since Start of 2020
🚫 SEC issues warning about investing in initial exchange offerings
Bitcoin Trading Options Receive an Early Boost
The Chicago exchange CME Group announced that its Bitcoin options were open for trading at the start of the week, and options on CME’s Bitcoin futures contracts officially launched on CME Globex at 15:00 UTC on Monday.
CME was a pioneer in terms of offering regulated Bitcoin products when it launched its cash-settled Bitcoin futures service towards the end of 2017, and its latest offering runs in direct competition with the Intercontinental Exchange’s (ICE) Bakkt platform which got underway with its own options and cash-settled contracts at the tail end of 2019.
According to Skew, on the first day of trading, 55 contracts went through on CME’s BTC Options which accounted for an approximate $2.3m in value. Each contract represents five Bitcoin, is quoted in U.S. dollars, and avoids counterparty risk by being centrally cleared. As a result, the 55 contracts accounted for 275 Bitcoin and things improved over the week with 610 Bitcoin options trading on Friday worth over $5m. To keep reading head over to our website.
Last couple of weeks we’ve been talking about the $9,242 price level as a target to conclude the uptrend. We got just $50 shy of that and we’re now trying to break the market structure. Let’s dive into HTF levels first, then go deeper into LTF.
For the high timeframe analysis, we’ll be using a non-weighted index comprised of 6 perpetual futures contracts for a better view of the market. It consists of data from BitMex, Deribit, Bybit, FTX, Kraken, and CME futures contracts. Keep reading the analysis for this week.
In The Spotlight
🇪🇺 New EU AML Compliance Laws Could Disrupt the Crypto Industry
🇨🇳 Chinese Smartphone Retail Giant Invests In Decentralized Cloud Storage Firm, Monsoon Blockchain
🇺🇸 US Treasury Department testing blockchain tech for tracking federal grants
⚠️ Bitwise Withdraws Bitcoin ETF Proposal from SEC Registration
⚡️ Alipay Partner Tranglo Integrating Ripple’s Cross-Border Payments Technology
🚀 Bitcoin Will Reach $400,000 After Halving, History Dictates
🇩🇪 IOTA (MIOTA) Set for Widespread Adoption by Top German Software Firm
🟢 CME Open Interest for Bitcoin Futures Up 100% Since Start of 2020
🚫 SEC issues warning about investing in initial exchange offerings
Bitcoin Trading Options Receive an Early Boost
The Chicago exchange CME Group announced that its Bitcoin options were open for trading at the start of the week, and options on CME’s Bitcoin futures contracts officially launched on CME Globex at 15:00 UTC on Monday.
CME was a pioneer in terms of offering regulated Bitcoin products when it launched its cash-settled Bitcoin futures service towards the end of 2017, and its latest offering runs in direct competition with the Intercontinental Exchange’s (ICE) Bakkt platform which got underway with its own options and cash-settled contracts at the tail end of 2019.
According to Skew, on the first day of trading, 55 contracts went through on CME’s BTC Options which accounted for an approximate $2.3m in value. Each contract represents five Bitcoin, is quoted in U.S. dollars, and avoids counterparty risk by being centrally cleared. As a result, the 55 contracts accounted for 275 Bitcoin and things improved over the week with 610 Bitcoin options trading on Friday worth over $5m. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #29 | January 21st, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
Read our brand new article and learn about Algorand (ALGO)
If you own or are thinking of picking up any ALGO, we highly recommend you read our article.
This article covers the following:
• Permisionless PoS Blockchain
• The Team Behind
• How Algorand Works
• Promising Aspects
• Potential Challenges
Follow us on Twitter
If you own or are thinking of picking up any ALGO, we highly recommend you read our article.
This article covers the following:
• Permisionless PoS Blockchain
• The Team Behind
• How Algorand Works
• Promising Aspects
• Potential Challenges
Follow us on Twitter
🗞 Insider Newsletter #30 | January 28th, 2020 🗞
After our last market review, we’ve followed the last scenario we proposed where the market swing failed the highs and went south, just $20 shy of our target. Let’s do a top-down analysis again, because we’re now trading back into a very pivotal level.
Let’s start with the high timeframe levels again, then dive into the low timeframes to get a clearer idea of what’s to come. Keep reading the analysis for this week.
In The Spotlight
🔐 IBM has received a U.S. patent for a type of “self-aware token” that can record its own transaction data
🇬🇧 UK’s central bank to explore digital currency
🇰🇷 South Korea plans 20% tax on crypto gains
🇨🇳 Chinese experts Suggest Using Blockchain Tech in ‘Social Credit’ System
🤨 SEC Calls Out Status of Telegram’s TON, Doubting Development
👨💻 IOHK working hard on making Cardano a commercial product
🔬 Ethereum (ETH) 2.0 Phase 0 Ready: Ethereum Foundation Researcher
💸 Global Finance Company Processing Trillions in Payments Per Year Testing Ripple’s Remittance Network
🥶 British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout
The Sector Continues to Develop Early Into 2020
Tether announced the launch of their Tether Gold (XAU₮) product last week, a digital asset pegged to physical gold (XAU) issued by TG Commodities Limited. Similar to products offered by Digix and Paxos, each XAU₮ token represents ownership of one troy fine ounce of physical gold held in a Switzerland vault, and the token is available as an ERC-20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain.
The launch of Tether Gold further strengthens the assertion that blockchain technology can be used to securely digitize assets such as bonds and commodities, and news began to spread on Thursday that regulators in Liechtenstein have approved a regulated tokenized real estate fund based on the Ethereum blockchain. Keep reading the analysis for this week. To keep reading head over to our website.
After our last market review, we’ve followed the last scenario we proposed where the market swing failed the highs and went south, just $20 shy of our target. Let’s do a top-down analysis again, because we’re now trading back into a very pivotal level.
Let’s start with the high timeframe levels again, then dive into the low timeframes to get a clearer idea of what’s to come. Keep reading the analysis for this week.
In The Spotlight
🔐 IBM has received a U.S. patent for a type of “self-aware token” that can record its own transaction data
🇬🇧 UK’s central bank to explore digital currency
🇰🇷 South Korea plans 20% tax on crypto gains
🇨🇳 Chinese experts Suggest Using Blockchain Tech in ‘Social Credit’ System
🤨 SEC Calls Out Status of Telegram’s TON, Doubting Development
👨💻 IOHK working hard on making Cardano a commercial product
🔬 Ethereum (ETH) 2.0 Phase 0 Ready: Ethereum Foundation Researcher
💸 Global Finance Company Processing Trillions in Payments Per Year Testing Ripple’s Remittance Network
🥶 British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout
The Sector Continues to Develop Early Into 2020
Tether announced the launch of their Tether Gold (XAU₮) product last week, a digital asset pegged to physical gold (XAU) issued by TG Commodities Limited. Similar to products offered by Digix and Paxos, each XAU₮ token represents ownership of one troy fine ounce of physical gold held in a Switzerland vault, and the token is available as an ERC-20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain.
The launch of Tether Gold further strengthens the assertion that blockchain technology can be used to securely digitize assets such as bonds and commodities, and news began to spread on Thursday that regulators in Liechtenstein have approved a regulated tokenized real estate fund based on the Ethereum blockchain. Keep reading the analysis for this week. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #30 | January 28th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
🗞 Insider Newsletter #31 | February 4th, 2020 🗞
We’ll start this week’s market review again by doing a top-down analysis on Bitcoin, because some significant moves happened since our last newsletter release. We’ll only use our index for our analysis since it respects our low timeframe range perfectly, and has been way more consistent in terms of price levels than BitMex’s chart alone. On the macro chart, we closed through the previous resistance and we now have a monthly breaker formed that we can long if we get a retracement from here on. The invalidation for any further upside moves would be price acceptance below the monthly breaker. Keep reading the analysis for this week.
In The Spotlight
🚀 Ethereum Miners Hoarding ETH Approaches All-Time High
⚠️ Bitcoin SV Volume is Heavily Manipulated, Data Finds
💳 Another Swiss town now accepts bitcoin for tax payments
₿ 5 Chinese-Based Entities Control 49.9% of Bitcoin (BTC) Hash Rate: TokenAnalyst Report
🇯🇵 Japan’s Second Biggest Bank Joins SBI Holdings By Investing In Ripple-Powered MoneyTap
🏭 Mercedes will use blockchain to track carbon emissions in Cobalt supply chain
💰 Crypto exchange Bittrex secures $300 million in asset insurance
🌍 Coinbase Custody Officially Launches Internationally
🇨🇭 Swiss Company Gets Green Light to Incorporate for a Blockchain IPO
Bitcoin Starts The Year Strongly & Closes In On Gold
After the earlier announcement of the launch of Tether’s Tether Gold (XAU₮) token that represents the ownership of one troy fine ounce of physical gold and tracts the price of gold on the open market, Bitfinex has launched Margin Trading for Tether Gold. XAU₮ pairs on the exchange can be traded with a maximum leverage of 5x along with an initial equity of 20%.
The relationship between cryptos and gold, and more specifically Bitcoin was under the spotlight once again last week as Bloomberg revealed that the correlation between Bitcoin and gold is rebounding as 2020 gets underway. Since the beginning of January, the 60-day correlation between the two assets has moved from negative to positive with the correlation coefficient currently standing at 0.21 and above the trailing one-year daily average. The coefficient reached a low of negative 0.15 in December, and fell consistently over the final quarter of 2019 as the price of Bitcoin fell from a high of over $12,000 during the summer to under $7,000 as the year came to an end, while gold picked up around 20% in value. To keep reading head over to our website.
We’ll start this week’s market review again by doing a top-down analysis on Bitcoin, because some significant moves happened since our last newsletter release. We’ll only use our index for our analysis since it respects our low timeframe range perfectly, and has been way more consistent in terms of price levels than BitMex’s chart alone. On the macro chart, we closed through the previous resistance and we now have a monthly breaker formed that we can long if we get a retracement from here on. The invalidation for any further upside moves would be price acceptance below the monthly breaker. Keep reading the analysis for this week.
In The Spotlight
🚀 Ethereum Miners Hoarding ETH Approaches All-Time High
⚠️ Bitcoin SV Volume is Heavily Manipulated, Data Finds
💳 Another Swiss town now accepts bitcoin for tax payments
₿ 5 Chinese-Based Entities Control 49.9% of Bitcoin (BTC) Hash Rate: TokenAnalyst Report
🇯🇵 Japan’s Second Biggest Bank Joins SBI Holdings By Investing In Ripple-Powered MoneyTap
🏭 Mercedes will use blockchain to track carbon emissions in Cobalt supply chain
💰 Crypto exchange Bittrex secures $300 million in asset insurance
🌍 Coinbase Custody Officially Launches Internationally
🇨🇭 Swiss Company Gets Green Light to Incorporate for a Blockchain IPO
Bitcoin Starts The Year Strongly & Closes In On Gold
After the earlier announcement of the launch of Tether’s Tether Gold (XAU₮) token that represents the ownership of one troy fine ounce of physical gold and tracts the price of gold on the open market, Bitfinex has launched Margin Trading for Tether Gold. XAU₮ pairs on the exchange can be traded with a maximum leverage of 5x along with an initial equity of 20%.
The relationship between cryptos and gold, and more specifically Bitcoin was under the spotlight once again last week as Bloomberg revealed that the correlation between Bitcoin and gold is rebounding as 2020 gets underway. Since the beginning of January, the 60-day correlation between the two assets has moved from negative to positive with the correlation coefficient currently standing at 0.21 and above the trailing one-year daily average. The coefficient reached a low of negative 0.15 in December, and fell consistently over the final quarter of 2019 as the price of Bitcoin fell from a high of over $12,000 during the summer to under $7,000 as the year came to an end, while gold picked up around 20% in value. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #31 | February 4th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
What is your current sentiment on the price of Bitcoin?
Anonymous Poll
53%
Bullish 🐂
31%
Bearish 🧸
17%
Neutral
🗞 Insider Newsletter #32 | February 10th, 2020 🗞
As of yesterday, we’ve now hit our initial target on the index chart. So buckle up, we’re going down the rabbit hole again with both macro and low timeframe analysis. Make sure that you read our most recent newsletters to get a better idea of what we’re going to discuss going further. Keep reading the analysis for this week.
In The Spotlight
❌ Mastercard Left Libra Association Over Regulatory and Viability Concerns, Says CEO
💰 Lightning Labs Raises $10M Series A to Be the ‘Visa’ of Bitcoin
🏦 Six central banks to hold digital currency meeting in April: Nikkei
🇬🇧 UK finance watchdog revises registration fees for crypto businesses
🇰🇷 South Korean University issues blockchain-stored diplomas amid the spread of the coronavirus
🦠 Chinese Crypto Mine Stop or Stall Operations Due to Coronavirus Outbreak
🤑 Sony Financial Ventures invests ‘six-figure’ sum in token tech firm Securitize
🤝 It happened: Tron founder Justin Sun dined with Warren Buffett
🇺🇸 U.S. government to auction off more than 4,000 BTC on Feb. 18
Bitcoin & Ethereum Continue to Show the Way Forward
Both BTC and ETH are performing well with reference to positive price action over Q1 and are also benefiting from an ever strengthening infrastructure that sees the two leading crypto protocols continue to pull away from the chasing back. As we saw last week, Bitcoin has begun the year strongly, improving by over 35% since the 1st of January, while ETH is up by over 65%.
At the same time, the Bitcoin network has just passed 500m transactions which represents another significant milestone as Bitcoin moves into its second decade of operation. With regards to trading, Bakkt’s BTC Futures Open Interest reached a new all-time high last week at approximately $38m, while the CME’s Bitcoin Futures Open Interest broke past the $250m barrier and hit $260m. Global Bitcoin futures open interest remains above $4B, and BitMEX is reaching an all time high with open interest on the exchange pushing past $1.5B. To keep reading head over to our website.
As of yesterday, we’ve now hit our initial target on the index chart. So buckle up, we’re going down the rabbit hole again with both macro and low timeframe analysis. Make sure that you read our most recent newsletters to get a better idea of what we’re going to discuss going further. Keep reading the analysis for this week.
In The Spotlight
❌ Mastercard Left Libra Association Over Regulatory and Viability Concerns, Says CEO
💰 Lightning Labs Raises $10M Series A to Be the ‘Visa’ of Bitcoin
🏦 Six central banks to hold digital currency meeting in April: Nikkei
🇬🇧 UK finance watchdog revises registration fees for crypto businesses
🇰🇷 South Korean University issues blockchain-stored diplomas amid the spread of the coronavirus
🦠 Chinese Crypto Mine Stop or Stall Operations Due to Coronavirus Outbreak
🤑 Sony Financial Ventures invests ‘six-figure’ sum in token tech firm Securitize
🤝 It happened: Tron founder Justin Sun dined with Warren Buffett
🇺🇸 U.S. government to auction off more than 4,000 BTC on Feb. 18
Bitcoin & Ethereum Continue to Show the Way Forward
Both BTC and ETH are performing well with reference to positive price action over Q1 and are also benefiting from an ever strengthening infrastructure that sees the two leading crypto protocols continue to pull away from the chasing back. As we saw last week, Bitcoin has begun the year strongly, improving by over 35% since the 1st of January, while ETH is up by over 65%.
At the same time, the Bitcoin network has just passed 500m transactions which represents another significant milestone as Bitcoin moves into its second decade of operation. With regards to trading, Bakkt’s BTC Futures Open Interest reached a new all-time high last week at approximately $38m, while the CME’s Bitcoin Futures Open Interest broke past the $250m barrier and hit $260m. Global Bitcoin futures open interest remains above $4B, and BitMEX is reaching an all time high with open interest on the exchange pushing past $1.5B. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #312| February 10th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
🗞 Insider Newsletter #33 | February 18th, 2020 🗞
We’ll be starting this week’s newsletter again with a top-down analysis, but this time not so in-depth because we already covered most of the in-depth parts in previous releases. As you may have seen from our other market reviews in the recent past, we’ve been targeting the monthly resistance as a possible short-medium top for this uptrend. We did not quite reach that target just yet, and we’re now retesting the closest support, which is a D3 block. A break of the Last Low Pre-Break (LLPB) line and the immediate support will likely send BTC into the monthly breaker block that we’ve covered in our recent market reviews. Keep reading the analysis for this week.
In The Spotlight
🏦 40 German banks seek regulator’s green light to offer Bitcoin custody
🇨🇳 Chinese group looking to buy one of Latin America’s largest Bitcoin mines
🐂 Google joins Hedera Hashgraph’s governing council, prompting token price jump
🤝 JPMorgan In Merger Talks With ConsenSys For Its In-House Blockchain Quorum
⚽ FC Barcelona to issue tokens for blockchain-based fan platform
☁️ Crypto Giant Binance Launches Cloud Service in Revenue Shift
🙏 Steemit Sets Up Shop on Tron Network
🇪🇬 National Bank of Egypt Joining RippleNet for Remittance
🇫🇷 France Pushes Europe to Remove Obstacles on Crypto Blockchain
bZx Lending Protocol Exploit Mars Continued Q1 Positivity
The positive sentiment that has developed over Q1 looked set to continue early on last week as another round of “bullish” news began to spread. For example, the aggregated open interest for global Bitcoin futures maintained its strong performance and pushed past the $5B mark on February 13 with BitMEX accounting for approximately $1.6B of this figure. OKEx and Huobi accounted for about $1.4B and $1B respectively, with all three platforms fluctuating around their all time highs in terms of open interest. To keep reading head over to our website.
We’ll be starting this week’s newsletter again with a top-down analysis, but this time not so in-depth because we already covered most of the in-depth parts in previous releases. As you may have seen from our other market reviews in the recent past, we’ve been targeting the monthly resistance as a possible short-medium top for this uptrend. We did not quite reach that target just yet, and we’re now retesting the closest support, which is a D3 block. A break of the Last Low Pre-Break (LLPB) line and the immediate support will likely send BTC into the monthly breaker block that we’ve covered in our recent market reviews. Keep reading the analysis for this week.
In The Spotlight
🏦 40 German banks seek regulator’s green light to offer Bitcoin custody
🇨🇳 Chinese group looking to buy one of Latin America’s largest Bitcoin mines
🐂 Google joins Hedera Hashgraph’s governing council, prompting token price jump
🤝 JPMorgan In Merger Talks With ConsenSys For Its In-House Blockchain Quorum
⚽ FC Barcelona to issue tokens for blockchain-based fan platform
☁️ Crypto Giant Binance Launches Cloud Service in Revenue Shift
🙏 Steemit Sets Up Shop on Tron Network
🇪🇬 National Bank of Egypt Joining RippleNet for Remittance
🇫🇷 France Pushes Europe to Remove Obstacles on Crypto Blockchain
bZx Lending Protocol Exploit Mars Continued Q1 Positivity
The positive sentiment that has developed over Q1 looked set to continue early on last week as another round of “bullish” news began to spread. For example, the aggregated open interest for global Bitcoin futures maintained its strong performance and pushed past the $5B mark on February 13 with BitMEX accounting for approximately $1.6B of this figure. OKEx and Huobi accounted for about $1.4B and $1B respectively, with all three platforms fluctuating around their all time highs in terms of open interest. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #33 | February 18th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
🗞 Insider Newsletter #34 | February 25th, 2020 🗞
This week we’re going to be making another top-down analysis for BTC. Let’s discuss the levels that we have here. So above the current price we have the Weekly and Monthly resistances made during the June 2019 top. Below the current price we have the Last Low Pre-Break of September 2019 which is a key HTF pivotal level as of right now, as well as the D3 Support. Below that, we have two weekly levels that we’ll discuss later on. Keep reading the analysis for this week.
In The Spotlight
💳 Coinbase Becomes Visa Principal Member
🇸🇪 Sweden is now testing its digital version of cash, the e-krona
🔗 Shopify joins Libra Association
🇰🇷 A Korean startup that raised millions in ETH via ICO is shutting down and refunding investors
📱 Samsung’s Galaxy S20 Will Feature A New Processor To Protect Blockchain Private Keys
🦠 Coronavirus outbreak could accelerate China’s digital currency issuance, says former central bank president
📄 New Jersey lawmaker files bill to require licenses for crypto companies
🆕 Cardano ADA to Release New Ouroborous BFT Protocol, Hardfork Announced
Crypto’s Shortcomings Once Again Overshadow Increased Trading Positivity
Just days after falling foul to an exploit that allowed a wily “trader” to get away with $350,000, the bZx DeFi protocol was attacked again. As covered in last week’s newsletter, the attack exploited a “logic bug” in bZx’s coding and also made use of flash loans to create a single transaction which caused an equity loss of around $620,000. A similar process was used once again to cause a loss of around 2,388 ETH which was worth close to $645,000 at the time.
The attack commenced with a flash loan of 7,500 ETH, which was used to buy 3,518 ETH worth of sUSD at around $1 per token. These funds were deposited with bZx as collateral, while 900 ETH was deployed to market buy sUSD on Kyber and Uniswap pushing the price of sUSD above the $2 mark. With the relative (and temporary) increase in the sUSD collateral already deposited to bZx, the attacker took out another larger loan, and used this to borrow an additional 6,796 ETH on bZx and used it alongside the remaining ETH balance to repay the original flash loan. The whole process left the attacker 2,388 ETH/$645,000 in profit while the sUSD pool gained $1.1 million, and the bZx ETH pool suffered a total loss of approximately $1.8 million. To keep reading head over to our website.
This week we’re going to be making another top-down analysis for BTC. Let’s discuss the levels that we have here. So above the current price we have the Weekly and Monthly resistances made during the June 2019 top. Below the current price we have the Last Low Pre-Break of September 2019 which is a key HTF pivotal level as of right now, as well as the D3 Support. Below that, we have two weekly levels that we’ll discuss later on. Keep reading the analysis for this week.
In The Spotlight
💳 Coinbase Becomes Visa Principal Member
🇸🇪 Sweden is now testing its digital version of cash, the e-krona
🔗 Shopify joins Libra Association
🇰🇷 A Korean startup that raised millions in ETH via ICO is shutting down and refunding investors
📱 Samsung’s Galaxy S20 Will Feature A New Processor To Protect Blockchain Private Keys
🦠 Coronavirus outbreak could accelerate China’s digital currency issuance, says former central bank president
📄 New Jersey lawmaker files bill to require licenses for crypto companies
🆕 Cardano ADA to Release New Ouroborous BFT Protocol, Hardfork Announced
Crypto’s Shortcomings Once Again Overshadow Increased Trading Positivity
Just days after falling foul to an exploit that allowed a wily “trader” to get away with $350,000, the bZx DeFi protocol was attacked again. As covered in last week’s newsletter, the attack exploited a “logic bug” in bZx’s coding and also made use of flash loans to create a single transaction which caused an equity loss of around $620,000. A similar process was used once again to cause a loss of around 2,388 ETH which was worth close to $645,000 at the time.
The attack commenced with a flash loan of 7,500 ETH, which was used to buy 3,518 ETH worth of sUSD at around $1 per token. These funds were deposited with bZx as collateral, while 900 ETH was deployed to market buy sUSD on Kyber and Uniswap pushing the price of sUSD above the $2 mark. With the relative (and temporary) increase in the sUSD collateral already deposited to bZx, the attacker took out another larger loan, and used this to borrow an additional 6,796 ETH on bZx and used it alongside the remaining ETH balance to repay the original flash loan. The whole process left the attacker 2,388 ETH/$645,000 in profit while the sUSD pool gained $1.1 million, and the bZx ETH pool suffered a total loss of approximately $1.8 million. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #34 | February 25th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
🗞 Insider Newsletter #35 | March 9th, 2020 🗞
On the weekly chart, we’re approaching a significant SR level at $7,515. If we start closing multiple weekly candles below that again, then that’ll probably mean we’ll continue the downwards path towards the next macro support which is around $5,300. We got a D3 SR to build our macro bias. While scaling into spot buys down here isn’t a totally dumb idea, we think that as long as we stay below that D3 block, rallies are for shorting. Keep reading the analysis for this week.
In The Spotlight
📉 MacroView: Fed’s ‘Emergency Rate Cut’ Reveals Recession Risks
🇮🇳 India’s Supreme Court Lifts Banking Ban on Crypto Exchanges
🇰🇷 Crypto Is Now Legal In South Korea: Parliament Passes Landmark Cryptocurrency Bills
🌀 Bitcoin mining activity expected to surge as Chinese hardware makers shake off coronavirus slowdown
🙋 Facebook will support new tokens pegged to individual government-issued currencies – report
🗿 US Treasury met with industry leaders to discuss crypto regulatory challenges
🇫🇷 Bitcoin (BTC) Now Qualified as Legal Form of Money by French Authorities
💼 Walmart join Hyperledger alongside 7 otther companies
Government’s Warm to the Reality of Digital Currencies
India dominated the news last week, as the Supreme Court of India ruled against a decision imposed by the country’s central bank in April 2018. Close to two years ago the Reserve Bank of India (RBI) banned the nation’s financial institutions from providing banking services to crypto exchanges which completely hamstrung exchange operations in the country.
The central bank’s circular was challenged by a number of petitioners including crypto exchanges, start-ups, and the Internet and Mobile Association of India trade body, with Bloomberg stating that a three-judge bench of the court eventually ruled in favour of the petitions on March 4th. The ruling looks set to stimulate Asia’s third largest economy with Tanvi Ratna, the chief executive and founder of Policy 4.0, which works on crypto policy making in India, declaring that the community could expect “a resurgence of liquidity and resumption of activity with exchanges and other start-ups”. Despite the positivity, there remains the possibility that the RBI will file an appeal against the Supreme Court’s decision. To keep reading head over to our website.
On the weekly chart, we’re approaching a significant SR level at $7,515. If we start closing multiple weekly candles below that again, then that’ll probably mean we’ll continue the downwards path towards the next macro support which is around $5,300. We got a D3 SR to build our macro bias. While scaling into spot buys down here isn’t a totally dumb idea, we think that as long as we stay below that D3 block, rallies are for shorting. Keep reading the analysis for this week.
In The Spotlight
📉 MacroView: Fed’s ‘Emergency Rate Cut’ Reveals Recession Risks
🇮🇳 India’s Supreme Court Lifts Banking Ban on Crypto Exchanges
🇰🇷 Crypto Is Now Legal In South Korea: Parliament Passes Landmark Cryptocurrency Bills
🌀 Bitcoin mining activity expected to surge as Chinese hardware makers shake off coronavirus slowdown
🙋 Facebook will support new tokens pegged to individual government-issued currencies – report
🗿 US Treasury met with industry leaders to discuss crypto regulatory challenges
🇫🇷 Bitcoin (BTC) Now Qualified as Legal Form of Money by French Authorities
💼 Walmart join Hyperledger alongside 7 otther companies
Government’s Warm to the Reality of Digital Currencies
India dominated the news last week, as the Supreme Court of India ruled against a decision imposed by the country’s central bank in April 2018. Close to two years ago the Reserve Bank of India (RBI) banned the nation’s financial institutions from providing banking services to crypto exchanges which completely hamstrung exchange operations in the country.
The central bank’s circular was challenged by a number of petitioners including crypto exchanges, start-ups, and the Internet and Mobile Association of India trade body, with Bloomberg stating that a three-judge bench of the court eventually ruled in favour of the petitions on March 4th. The ruling looks set to stimulate Asia’s third largest economy with Tanvi Ratna, the chief executive and founder of Policy 4.0, which works on crypto policy making in India, declaring that the community could expect “a resurgence of liquidity and resumption of activity with exchanges and other start-ups”. Despite the positivity, there remains the possibility that the RBI will file an appeal against the Supreme Court’s decision. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #35 | March 9th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
✅ ORION PROTOCOL REVIEW UPDATE ✅
▶️ Read the full review at the following link: https://cryptocalibur.com/portfolio-item/orion-protocol-review/
Updates:
• DEX Launch Kit
• Liquidity Boost Plugin
• Enterprise Trade
• New Governance Mechanism - Delegated Proof of Broker (DPoB)
• A new marketing and business strategy geared more towards traditional non-crypto clients
• New team additions
• Brand new website and look
▶️ Read the full review at the following link: https://cryptocalibur.com/portfolio-item/orion-protocol-review/
Updates:
• DEX Launch Kit
• Liquidity Boost Plugin
• Enterprise Trade
• New Governance Mechanism - Delegated Proof of Broker (DPoB)
• A new marketing and business strategy geared more towards traditional non-crypto clients
• New team additions
• Brand new website and look
CryptoCalibur
Review of Orion Protocol: The Liquidity Aggregator Protocol
Orion is a comprehensive blockchain trading and investment platform that combines trading, portfolio management, and wallet functionality, and also...
We're excited to present you with our comprehensive and informative Report on CoinZoom: Digital Asset Gateway
Find out more about CoinZoom (ZOOM) by reading our Report: https://cryptocalibur.com/coinzoom/
Conclusion:
All in all, CoinZoom is a project to keep an eye on and may immediately appeal to anyone based in the US who is also looking for a new platform to trade digital assets on. The focus on security and compliance should also appeal to people coming from a more traditional trading background and we are interested to see how the CoinZoom team leverage their previous experience in order to establish their crypto trading platform in a number of global markets. Read more
Find out more about CoinZoom (ZOOM) by reading our Report: https://cryptocalibur.com/coinzoom/
Conclusion:
All in all, CoinZoom is a project to keep an eye on and may immediately appeal to anyone based in the US who is also looking for a new platform to trade digital assets on. The focus on security and compliance should also appeal to people coming from a more traditional trading background and we are interested to see how the CoinZoom team leverage their previous experience in order to establish their crypto trading platform in a number of global markets. Read more
Upcoming ask me anything session with STP Network!
📃 Review
📃 Market Cap
📃 Website
⏰ The AMA will take place on March 22nd, 2020 from 14:00 to 15:00 UTC in our Chat Room.
❗VOTE: Binance Community Coin Vote Round 7 - STPT vs IRIS
🎁 STP Network will pick 5 winners and reward a total of $100 worth of STP. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @STPofficial
- https://twitter.com/CryptoCalibur
-----------------------------------------------
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
📃 Review
📃 Market Cap
📃 Website
⏰ The AMA will take place on March 22nd, 2020 from 14:00 to 15:00 UTC in our Chat Room.
❗VOTE: Binance Community Coin Vote Round 7 - STPT vs IRIS
🎁 STP Network will pick 5 winners and reward a total of $100 worth of STP. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @STPofficial
- https://twitter.com/CryptoCalibur
-----------------------------------------------
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
Reminder! AMA with STP Network will take begin in 1 hour in our chat room.
🎁 STP Network will pick 5 winners and reward a total of $100 worth of STP. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @STPofficial
- https://twitter.com/CryptoCalibur
-----------------------------------------------
Time: 14:00 - 15:00 UTC
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
🎁 STP Network will pick 5 winners and reward a total of $100 worth of STP. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @STPofficial
- https://twitter.com/CryptoCalibur
-----------------------------------------------
Time: 14:00 - 15:00 UTC
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
Upcoming ask me anything session with CoinZoom!
📃 Review
📃 Website
⏰ The AMA will take place on March 24th, 2020 from 16:00 to 17:00 UTC in our Chat Room.
🎁 CoinZoom will pick 5 winners and reward a total of $100 worth of ZOOM. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @GetCoinZoom
- https://twitter.com/CryptoCalibur
-----------------------------------------------
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
📃 Review
📃 Website
⏰ The AMA will take place on March 24th, 2020 from 16:00 to 17:00 UTC in our Chat Room.
🎁 CoinZoom will pick 5 winners and reward a total of $100 worth of ZOOM. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @GetCoinZoom
- https://twitter.com/CryptoCalibur
-----------------------------------------------
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
Reminder! AMA with CoinZoom will take begin in ~4 hours in our chat room.
🎁 CoinZoom will pick 5 winners and reward a total of $100 worth of ZOOM. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @GetCoinZoom
- https://twitter.com/CryptoCalibur
-----------------------------------------------
Time: 16:00 - 17:00 UTC
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
🎁 CoinZoom will pick 5 winners and reward a total of $100 worth of ZOOM. All you have to do is ask the best questions and follow:
- @CryptoCalibur
- @GetCoinZoom
- https://twitter.com/CryptoCalibur
-----------------------------------------------
Time: 16:00 - 17:00 UTC
🕐 Countdown 🕐
The AMA will take place in our Chat Room: @cryptocaliburchat
🗞 Insider Newsletter #37 | March 24th, 2020 🗞
The Macro view hasn’t changed too much since our last newsletter, and we highly recommend reading it again, because it has a much more in-depth analysis on the higher timeframes. Two important pivots on the Monthly chart. If we lose the top SR, we move towards the bottom SR. Nice and simple. Daily closed above the Monthly SR, this has all the chances in the world to move into the Yearly Open, thus taking out last week’s high. Keep reading the analysis for this week.
In The Spotlight
💰 Bakkt Completes $300 Million Series B Financing
🏦 Federal Reserve to lend additional $1 trillion a day to large banks
😃 Italian Bank Launches Bitcoin Trading for 1.2M Customers
👍 Bitcoin was designed for a Financial Crisis – So fat it’s working well
🇷🇺 Russian Central Bank Admits It Can’t Ban Bitcoin
💲 A draft of the coronavirus stimulus bill written by House Democrats would create a ‘digital dollar’
⚙️ The Federal Reserve just pledged asset purchases with no limit to support markets
🇨🇳 Bank of China continues anti-crypto narrative on WeChat
The Crypto Sector Moves to Recover From March 12 as QE Looms
The sector continued to deal with the fallout from March 12th this week, as a number of exchanges, protocols, and projects were forced to lick their wounds and take stock of their losses. BitMEX, Binance, and Deribit incurred losses of around $12.9m, $4.6m, and $1.66m to their respective insurance funds, and BitMEX moved to refund 156 accounts that were negatively affected by the late processing of market orders which led to erroneous liquidations on ETH/USD orders. The exchange claims that it was subject to two DDoS attacks on March 13 which caused it to go offline for 30 minutes, and has paid out a total of 40.297 XBT to those affected.
MakerDAO lost around $4m worth of unbacked DAI last week, and the team behind the project set up the MKR auction which began on March 19 to try and recover the losses. The ‘Reverse Auction’ system utilized sees participants bidding set amounts of Dai (50,000) for decreasing amounts of MKR, and the opening bidder lot of 250 MKR for 50,000 Dai worked out at approximately 200 Dai per MKR. The MakerDAO community has also floated the idea of using the USDC stablecoin as an alternative source of collateral to improve overall liquidity and strengthen the protocol’s resolve against any further sudden adverse market movements. MakerDAO also plans to shutdown Single Collateral Dai (SAI) within the next 30 days to alleviate any unnecessary expenses. To keep reading head over to our website.
The Macro view hasn’t changed too much since our last newsletter, and we highly recommend reading it again, because it has a much more in-depth analysis on the higher timeframes. Two important pivots on the Monthly chart. If we lose the top SR, we move towards the bottom SR. Nice and simple. Daily closed above the Monthly SR, this has all the chances in the world to move into the Yearly Open, thus taking out last week’s high. Keep reading the analysis for this week.
In The Spotlight
💰 Bakkt Completes $300 Million Series B Financing
🏦 Federal Reserve to lend additional $1 trillion a day to large banks
😃 Italian Bank Launches Bitcoin Trading for 1.2M Customers
👍 Bitcoin was designed for a Financial Crisis – So fat it’s working well
🇷🇺 Russian Central Bank Admits It Can’t Ban Bitcoin
💲 A draft of the coronavirus stimulus bill written by House Democrats would create a ‘digital dollar’
⚙️ The Federal Reserve just pledged asset purchases with no limit to support markets
🇨🇳 Bank of China continues anti-crypto narrative on WeChat
The Crypto Sector Moves to Recover From March 12 as QE Looms
The sector continued to deal with the fallout from March 12th this week, as a number of exchanges, protocols, and projects were forced to lick their wounds and take stock of their losses. BitMEX, Binance, and Deribit incurred losses of around $12.9m, $4.6m, and $1.66m to their respective insurance funds, and BitMEX moved to refund 156 accounts that were negatively affected by the late processing of market orders which led to erroneous liquidations on ETH/USD orders. The exchange claims that it was subject to two DDoS attacks on March 13 which caused it to go offline for 30 minutes, and has paid out a total of 40.297 XBT to those affected.
MakerDAO lost around $4m worth of unbacked DAI last week, and the team behind the project set up the MKR auction which began on March 19 to try and recover the losses. The ‘Reverse Auction’ system utilized sees participants bidding set amounts of Dai (50,000) for decreasing amounts of MKR, and the opening bidder lot of 250 MKR for 50,000 Dai worked out at approximately 200 Dai per MKR. The MakerDAO community has also floated the idea of using the USDC stablecoin as an alternative source of collateral to improve overall liquidity and strengthen the protocol’s resolve against any further sudden adverse market movements. MakerDAO also plans to shutdown Single Collateral Dai (SAI) within the next 30 days to alleviate any unnecessary expenses. To keep reading head over to our website.
CryptoCalibur
Insider Newsletter #37 | March 24th, 2020 | CryptoCalibur
Stay updated with all the latest developments in the crypto space. We provide you with news covering ICOs/IEOS, the emergence of Distributed Ledger Technology
Recap of the STP Network AMA Session from the 22nd of March, 2020 - Stay informed!
🎁 Top 5 Questions will be announced soon ($100 worth of STPT will be distributed)
➡️ Click for Recap ⬅️
🎁 Top 5 Questions will be announced soon ($100 worth of STPT will be distributed)
➡️ Click for Recap ⬅️
🎁 We present you with the winners for the STP Network AMA 🎁
1. Can you share some more insights on STP Network as to the long term plans of the project keeping in mind the stakeholders interest & adoption in the real world without compromising on regulatory front?
2. What are the standards and solutions that STP Network offers? What are the special and outstanding STP Network solutions compared to the traditional way?
3. Can you tell us several advantages you think that STPT can beat IRIS in vote of Round 7 of Binance Community Coin?
4. Regardless of the outcome of the Binance community event, what major milestones do you have in place as Q1 2020 comes to a close. Should you win, how would you prevent possible price dump and continue to interact with community.
5. Polymath and Coinlist are presently ahead of you, how will you compete with them and what advantages do you over them?
----------------
@langa94 will send the winners a PM asking for the ETH address where we should send the STPT tokens.
Stay tuned for more AMAs and rewards. Make sure you follow us on Twitter!
1. Can you share some more insights on STP Network as to the long term plans of the project keeping in mind the stakeholders interest & adoption in the real world without compromising on regulatory front?
2. What are the standards and solutions that STP Network offers? What are the special and outstanding STP Network solutions compared to the traditional way?
3. Can you tell us several advantages you think that STPT can beat IRIS in vote of Round 7 of Binance Community Coin?
4. Regardless of the outcome of the Binance community event, what major milestones do you have in place as Q1 2020 comes to a close. Should you win, how would you prevent possible price dump and continue to interact with community.
5. Polymath and Coinlist are presently ahead of you, how will you compete with them and what advantages do you over them?
----------------
@langa94 will send the winners a PM asking for the ETH address where we should send the STPT tokens.
Stay tuned for more AMAs and rewards. Make sure you follow us on Twitter!