🕑 5 min read
What did we collect for you today:
- Why Bitcoin couldn’t continue its bullish run in 2017: economist’s opinion;
- Attack on Ethereum? ETH transactions number is falling down;
- Virtual cashback -> to cryptocurrency program announced in Korea;
- Exchanges/listing/ICO news: new tokens, projects;
- And more information we want to share with you.
📌 Why Bitcoin couldn’t continue its bullish run in 2017, and can the market’s rising go back (source)
Being near the $6700 point, Bitcoin ($BTC) has a price of $6 591,15 at the present moment. In a very short time location, it’s going down. But, many of the experts recognized (right or not, as future will show) that this is a probably renaissance of the bullish run. But, Yukio Noguchi, Japanese economist, is more about to look in the previous market conditions of the $BTC. By his opinion, reasons for the past market’s fall can be defined exactly, so let’s study it.
Futures stopped the Bitcoin’s rally? Among other theories, including the financial, market researchers, behavioristic etc., the sentence that futures made the worst impact in relate to Bitcoin, isn’t new. But, the economist goes further, stating that this situation is the reason that will not allow BTC to rise again.
“Because it’s now possible to trade on bitcoin futures, you’ll never see a rapid surge again.”
As argument, the day when Bitcoin’s futures began to trade, has become the new point when the BTC stopped its bullish trend. This happened on December 10, 2017, when the BTC’s price has dropped about $3,000 in 1 day. Further, assessing the behavior of investors, and a futures segment, he concludes that there will be no bullish, when BTC futures exist. Very pessimistic, but various theories should be known.
Tags: #research #futures #Bitcoin #forecasts #economic
Who can be interested: all crypto-community
📌 Attack on Ethereum? ETH transactions number fall below 500,000 (source)
Ethereum, which now costs $469,59, has never fall below 650 000 – 750 000 number of transactions. At the first sight, there is no problem with it, but, according to the research, less than 500 000 transactions is a marker of something changing.
Now it is known that in the gas fees have suddenly grown. This may be a sign that someone pays more fees than always, and this is making the network use more expensive for other members. Is there a danger to the Ethereum? The situation with the increase of fees can significantly affect usability of the network in future.
Who could do this? Experts believe that this is the type of attack on the network, which is can be described as mining through transactions. Other members connected the problems with ETH network with the FCoin exchange vote, which also uses this mining model. But, it’s still early to talk whose fault is this.
Tags: #ETH #Ethereum #attack #fees
Who can be interested: ETH investment/all community
📌 OK Cashbag can convert cashpoints to cryptocurrency (source)
OK Cashbag is an oldest company in South Korea which is oriented on rewards for users who use SK affiliated merchants services. Cashbag is going to tokenize its virtual points in a little bit different way, making the “stable coin”. The working name of this token is “OKX”, and, as we can think, the idea is still under research, after the some few announcements.
Is OK Cashbag base is large? The latest data says that 35 million users are into this reward program, and about 50,000 stores are also connected to it. SK Planet (head company of OK Cashbag) calculated the total cost of new tokens, which are the same reward now, as $100 million USD.
However, such an initiative may face difficulties. With the present background, Korean regulators may not allow the development of the program; so, they accurately call the tokenization as the "prepaid electronic payment means." Original source (SK).
Tags: #SK #Korea #tokenize #Cashbag #reward #OKX
Who can be interested: regional users/market researchers
📌 ICO Calendar
Upcoming/ending ICOs in near future
📕 ENDS
- CLEAR [Utility Token], CoinPayo [Payment], D-ZONE [settlement service], EIP Ecosystem [Big Data], HTFx [Business Services], Loandex [Business Platform], PayVX [Payments], TokenDraft [Sports], UpSkills [Business Platform] ICOs will end on July 4, 2018.
📗 STARTS
- 0xcert [Protocol], DIRO ICO [Decentralized Identity], eHarvestHub [Infrastructure], EMINENT [Business Platform], Grapevine [Healthcare], Pigzbe [family-friendly cryptocurrency], PlaceToRent [Real Estate], Starflow [influencer economy], TALAO ICO [talent marketplace] ICOs will start on July 4, 2018.
↪️ Others is now verified as TBD
We do not guarantee the trust level of ICOs, but we’ll tell you about the projects that have reached the stage of sale.
💰Market Cap: $269 422 950 339
💵24h Vol: $14 449 159 797
📊 Prices TOP 03.07.2018
↗️↘️Bitcoin: $6 586,31
↗️↘️ETH: $468,36
↗️↘️XRP: $0,497321
↗️↘️BCH: $770,64
↗️↘️EOS: $8,90
↗️↘️LTC: $86,45
↗️↘️ADA: $0,153898
↗️↘️XLM: $0,210743
↗️↘️IOTA: $1,17
↗️↘️USDT: $0,999543
♻️Exchanges
📌 Japanese FSA is going to change exchange’s regulation (source)
What’s new that FSA (Japanese Financial Services Agency) decides to regulate crypto exchanges as Financial Instruments and Exchange Act (FIEA), more like as financial products, instead of payment system model (it’s how the FSA defines them at the legal level).
Experts noticed that the new law procedure can allow operate with crypto derivatives like with the exchange traded funds (ETF). Japan is now changing its policy towards the cryptocurrency. Keeping its opinion on the fundamental aspects of regulation, it is planned to reduce the tax on cryptocurrency incomes, and also to introduce the fixed tax.
Tags: #Japanese #FSA #exchanges #regulation
Who can be interested: regional investors
📌 Binance Coin ($BNB) is now available on ShapeShift (source)
Shapeshift is a platform for instant exchange of cryptocurrencies,
To know more about $BNB, look at this paper. Binance’s token has a price of $14,31 USD (with -1,29% decline) at present moment. Trading with $54 600 300 USD as 24h volume.
Polymath Token (POLY) is also available on this platform. Now users can now buy and sell $POLY and $BNB with 50+ digital assets (currencies), by using this.
Tags: #Shapeshift #Binance #BNB #BinanceCoin #exchanges #listing
Who can be interested: altcoin investors/all investors
💱 Exchanges TOP
Coinex $2.14B -> 21.56%
Binance $1.77B -> 17.88%
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