Ninajs, a bloody week! Hopefully you did not emotionally panic sell your positions? I am sure you are aware that BTC failed to rally above $7800 and broke way down to $6600 and if you are new to trading this could have been a brutal week for you. But worry not, all that fud that flooded the market last week is not enough to destroy BTC. As we will point out later in this post some important players were buying the dip! Remember, it's not a loss until you sell.
Coin Giveaways
With another week comes a shift in our coin giveaways. Remember our ninja giveaways are exclusive and limited in number, not based on time.
Rane Coin from last week is still active with only 20 spots left, but we also have two new coins:
Liberty Coin, a Proof of Stake coin with atomic swaps that is focusing on super simple fiat integration via mobile; and
Vulcano Coin, a Proof of Stake and Proof of Work hybrid coin. I can't wait to tell you about them.
Current Coin Giveaways:
Liberty Coin (LIBERTY), a Proof of Stake coin with a codebase that is forked from BlocknetDX that has just begun active development but you can tell by their GitHub that these devs are hard at work! They do not yet have a website up and running but they do have an active discord channel. From researching this coin the devs are focused on created a super simple system that allows people extreme ease in purchasing Liberty Coin with Fiat from their mobile devices. With the PoS system in place it allows opportunities for anyone to easily invest. Of course, you will be able to trade your Liberty Coin on one of the exchanges which they devs will get it listed upon. This is a coin coming out of the USA. Keep a close eye on Liberty Coin because it's developing really fast!
Vulcano Coin (VULCANO), now this coin is something interesting! It is new to the crypto scene, it's still being developed and has some very thought provoking features that are worth looking into. For one their premine was very small, only 2 million coins out of a 12 billion total supply. Secondly with the staking pools you can have a very low number of VULCANO to begin staking so it allows even small investments to begin to appreciate returns in the pools. Third, their Staking Reward is claimed to be 950%, say what! Currently you can find VULCANO on the Coinexchange.
-I highly recommend you give this thread a read to learn more about this coin as you've probably never seen anything like it
All our giveaways can be found at our Discord channel. Come stop by to chat about trading, our giveaways or anything related. We are always having exclusive giveaways for our Ninjas. Stop by soon as some do not last very long!
Crypto Market Week in Review
Last week might have failed to deliver huge gains with trading as the market went pretty sideways before BTC suddenly dropped over $1000 USD, throwing the noobs into panic. No one is exactly certain what caused this but a combination of some FUD news along with BTC failing to break that $7800 ceiling seems to have exhausted the bullish sentiment as many capitulated.
EoS Voting Delayed, Restructured and Suddenly Enacted.
When EoS mainet went live the initial idea was to have 21 Appointed Block Producers randomly selected after which a voting period began until 15% of the total supply was staked into various votes. After that time the APBs handed off to the elected Block Producers. However things changed and the entire structure of the initial voting period was redesigned so that one member, based out of New York, manually chose the Block Producers. There was some secrecy surrounding this sudden turn of events but it seems to have all been sorted out when they went fully live on Saturday with community support.
IMF Focuses on Digital Finance in Quarterly Publication: Finance & Development
The International Monetary Fund
report went on at length about how important and unstoppable the development of Digital Finance is becoming. Physical paper cash, they claim, is going the way of the dinosaur. Cryptocurrencies are often mentioned along with hints at the "importance" of the regulatory guidance which can be provided by organizations like the IMF. It seems they are seeking to present them selves as necessary entities in the adoption of crypto to "prevent a race to the bottom". With fears projecting claims that "assets like Bitcoin" can be used to buy illegal and dangerous substances the thought clearly comes, "so can fiat". Besides, crypto is way easier to audit compared to fiat.
Ninja Intelligence Detects a 1 Billion Desk Buy
Sources within the Ninja Intelligence have heard tell of some unknown
tier 1 bank beginning to obtaining around 1.0 billion USD worth of BTC when the price hit the low. Of course the exact details of the transactions are still unknown, as the buyer is not know, and these types of Over The Counter large buys are usually kept on the down low to prevent too much impact on the market. However if you think BTC is dead then you are dead wrong, as someone is grabbing a pretty big bag right now.
CFTC Probes Into Market Manipulation With Demand of Information From Exchanges.
Regulation is the hot topic as of late as everyone is waiting to see how countries court the innovations on one hand and the risks on the other. Of course we see the United States living up to their claim of actively coming into play to attempt to "guide" and enforce ideals of legal standards. The Commodities Futures Trading Commission, with assistance from the Department of Justice launched a second probe into potential market manipulation occurring among various exchanges. This time they were a little more direct with their request as opposed to the "gentle request" from a few weeks ago carried out during "operation crypto sweep". The exchanges replied back with a "
negative" on the information, claiming that they were asking for too much and that it compromised the privacy of their users. Some point to this as part of the FUD that might have exhausted any Bullish Sentiment of last week. Ninja team will be following this evolving story to see how enforcement might play out.
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The new week is starting out with quite a nice bounce. Let's watch closely as this BTC USD "W" formation plays out. Make sure to check out our
Trading View account and get ready for Ninja Live Stream !!! Very Soon we will have our Live Stream up and running.
HDP
"Sensei" - Altcoin Ninjas
Altcoin Ninjas
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