- Bitcoin Charts Suggest Price Bounce May Be Coming ;
- Hash Wars: Day Two and the Anticipation for BCH Trading Platforms to Reopen ;
- US SEC Levies ‘First’ Civil Penalties Against Two ICOs for ‘Unregistered’ Securities ;
- ECB Official Calls Bitcoin ‘Evil Spawn of the Financial Crisis’ ;
- Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business ;
- 📑 Daily Crypto Calendar, November, 16th💰
- STEEM Trading Update by
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Bitcoin Charts Suggest Price Bounce May Be Coming
If past events are a guide, bitcoin (BTC) could in for a recovery rally in the short-term.
Following Wednesday’s 10 percent slump, the leading cryptocurrency printed an intraday low of $5,188 on Thursday, before closing largely unchanged on the day (as per UTC) at $5,580.
The price swing formed what’s termed a “long-tailed doji” candle on the daily chart, which is usually taken to represent indecision in the marketplace. The fact that the candle appeared at the bottom of the recent sell-off indicates the indecision is predominantly among the sellers and could be considered a sign of bearish exhaustion.
🗞 Hash Wars: Day Two and the Anticipation for BCH Trading Platforms to Reopen
It has been close to 24 hours since the Bitcoin Cash (BCH) blockchain split on Nov. 15, and the community is assessing the first day of battle. At the time of writing, both chains are still operational and the ABC chain has a 32-block lead on the SV chain. Now many BCH supporters are patiently waiting to find out when infrastructure providers will resume deposits, withdrawals, and trading across the entire ecosystem.
“The BCH hash war will not be decided in 1 or 2 days, but over many days and possibly weeks by on-going miner votes with sustained Proof of Work — Until a dominant chain emerges, cryptocurrency exchanges, wallet and service providers are advised to remain neutral, and to run a Bitcoin SV node to be prepared for the best interests of users,” Ayre detailed.
🗞 US SEC Levies ‘First’ Civil Penalties Against Two ICOs for ‘Unregistered’ Securities
In a self-described “first,” the U.S. Securities and Exchange Commission (SEC) has imposed civil penalties against two Initial Coin Offerings (ICOs) solely over their failure to register their token sales, according to an official Nov. 16 press release.
The SEC states it has reached settlements with two ICO companies, CarrierEQ Inc. (Airfox) and Paragon Coin Inc., both of whom reportedly conducted their token sales last year after the SEC had already “warned” that ICOs could be deemed securities offerings in its July 2017 DAO Report of Investigation.
The nature of the settlements require both companies to “return funds to harmed investors, register the[ir] tokens as securities, file periodic reports with the Commission, and pay penalties” of $250,000 each.
🗞 ECB Official Calls Bitcoin ‘Evil Spawn of the Financial Crisis’
European Central Bank executive board member Benoît Cœuré said this week that blockchain is promising – but that bitcoin is “the evil spawn of the financial crisis.”
Speaking at the Economics of Payments IX conference on Thursday, Cœuré, who is also the chair of the Committee on Payments and Market Infrastructures at the Bank for International Settlements, addressed the rising awareness of cryptocurrencies and their use as part of a broader speech on the 10 year anniversary of “the Lehman debacle.”
“In more ways than one, bitcoin is the evil spawn of the financial crisis,” he said, noting that the bitcoin genesis block included a headline about the U.K.’s chancellor bailing out banks.
🗞 Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business
Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U.S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. In premarket trading at the time of writing on Friday, Nvidia was down 16.01 percent at $169.99.
However, the slump in bitcoin prices this year has hit demand for Nvidia’s mining equipment hard. The company, valued at $123.1 billion, said it has accumulated a significant number of unsold cryptocurrency mining rigs — previously one of its key growth markets.
📑 Daily Crypto Calendar, November, 16th💰
- Veros (VRS)
IDAX Listing
- General Event (CRYPTO), DigiByte (DGB), Monero (XMR), Stellar (XLM), Horizen (ZEN)
CryptoFinance merges the traditional world of finance with companies focusing on exponential technologies that are built on the Blockchain.
- Lympo (LYM)
Lympo app launch event in the U.S. with the Dallas Mavericks and Mark Cuban.
- Metronome (MET)
Oslo meetup from 17:00-19:00 UTC+01.
- DADI (DADI)
Join the DADi team next Friday for #AMA across Telegram (t.me/dadichat), Discord (discord.gg/3sEvuYJ) and Reddit (reddit.com/r/DADI/).
- EUNOMIA (ENTS)
EUNOMIA will be available on COINLIM EXCHANGE.
Sources: Coincalendar.info, Cryptocalendar.pro, Coinscalendar.com, CoinMarketCal
STEEM Trading Update by my friend 
Here is the chart of yesterday :
Here is the current chart :
We continued to drop most of the day on the STEEM and we are having now a little reversal (green candle). Till now this reversal looks very weak so I don't think we will be able to go very high before the next drop (same on the BTC). Be carefull people, I think that the correction on the cryptoworld is not yet finished and that it will be possible to buy back later and cheaper.
Last Updates
- 🗞 Daily Crypto News, November, 15th💰
- 🗞 Daily Crypto News, November, 14th💰
- 🗞 Daily Crypto News, November, 13th💰
- 🗞 Daily Crypto News, November, 12th💰
- 🗞 Daily Crypto News, November, 11th💰
- 🗞 Daily Crypto News, November, 9th💰
- 🗞 Daily Crypto News, November, 8th💰
- 🗞 Daily Crypto News, November, 7th💰