📬 Daily Cryptocurrencies & Blockchain Update, September 27th, 11:30:00 CET
Disclaimer: Nextblock.io and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice
Bitcoin
🔼A former principal at Fortress Investment Group is reportedly moving to establish a $500 million hedge fund focused on cryptocurrency and blockchain. Even if he isn't setting aside funds to back a cryptocurrency-specific hedge fund, Novogratz made it clear that he intends to take part in what he called "the largest bubble of our lifetimes."
He told Bloomberg:
"This is going to be the largest bubble of our lifetimes. Prices are going to get way ahead of where they should be. You can make a whole lot of money on the way up, and we plan on it."
https://goo.gl/4ammhh
🔽 North Korea was banned from exporting coal to China, its biggest buyer. The rogue regime may have found a new use for these idle coal supplies: powering bitcoin mines. https://goo.gl/b1bX1Z
🔼With another roadblock out of the way, the bitcoin price may be headed for a breakout.
Of note for traders is that the bitcoin-US dollar (BTC/USD) exchange rate has moved past the falling trend line hurdle. As per CoinMarketCap, the cryptocurrency has gained 4.72% in the last 24 hours. At press time, BTC/USD is trading at $3,950 levels; up 1% week-on-week, but still down 9% on a monthly basis. https://goo.gl/GH29Ra
📶 Technical Analysis: https://goo.gl/rzmDib
Ethereum
🔼 A new white paper has been published detailing a potentially transformative protocol for initial coin offerings (ICOs).The protocol, which would seek to produce an "equilibrium" between capped and uncapped token sales, represents a collaborative effort between ethereum founder Vitalik Buterin and developer Jason Teutsch, the creator of smart contract scalability project TrueBit.https://goo.gl/WVZYRq
🔼Germanys biggest bitcoin marketplace, bitcoin.de, will add Ethereum trading soon. This is good news, as it will be the first regulatory compliant Ethereum-FIAT exchange made in Germany for Germany. Many users already can trade in a beta phase. Works flawlessly.
If you think: this is boring news, there are so many Ethereum exchanges out there, keep in mind: the latest regulatory interventions in China show that stable and compliant markets places are urgently needed - especially those that meet local legal requirements. https://goo.gl/Ad9ome
📶 Technical Analysis: https://goo.gl/edtceg
NEO
🔼NEO, often termed the ‘Chinese Ethereum’ took a major price tumble when the announcements regarding Chinese exchanges were made public last week. The price dropped to a low of $13.29 per coin, a massive drop from its peak of $48 exactly 30 days earlier. The price drop was linked directly to the Chinese announcement since NEO is a generally Chinese coin, with most of the trading volume being on Bittrex (45%) and only Bitfinex as a secondary exchange. https://goo.gl/HTG972
📶 Technical Analysis: https://goo.gl/wZmBQy
Upcoming ICOs
🆕 Etherparty starts in 4 days https://etherparty.io/ico/
🆕 Dentacoin starts in 4 days https://www.dentacoin.com/
🆕 B2BX starts in 5 days https://www.b2bx.pro/
Blockchain News
🔼 Sirin Labs, the company behind that ridiculously priced Android phone, now has another smartphone to share with the world, and unlike its $14,000 predecessor, this one is expected to cost just $999. https://goo.gl/SZkgfm
🔼AR and VR will take a few years to become mainstream. The same is true for blockchain, the technology behind cryptocurrency. Blockchain allows to securely exchange goods and services online independently of banks and credit card companies, and AR/VR are great visualization tools. Can the integration of two speed up the mass adoption of both? There are scenarios to combine them — let’s explore a few.https://goo.gl/EC3hGX
🔼 There is more room for Blockchain technology to grow in Asia’s second largest economy, India.
Though the technology is still in its nascent stage, it has made in-roads into multiple industries globally, including in India where its potential to create widespread impact in the banking and financial services industry is becoming more visible and garnering interests. https://goo.gl/Jidx5L
🚩 Avoid Ximoney.site
🚩 Avoid Btctradefare.org
🚩 Avoid Securecapitals.com
Final Summary:
Market is moving as expecting targeting that 140BN Mark (coinmarketcap.com) BTC and ETH still yet to break through major resistances and NEO is close to breaking $30 after being as low as $13 earlier in the month. Looking for a possible break higher across all major cryptos in the next few days.
Key Events/Conferences Today:
ITU Telecom World 2017 Busan, South Korea
Enjoy your Day
Nextblock Team
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