Crypto Daily
17 July 2018
Wow what a pump. Wow! Co-ordinated pump by some large P&D group? I think it unlikely. We are talking hundreds of millions if not billions of dollars depending on the market depth to simultaneously raise Bitcoins price 10% on multiple exchanges.
Here’s what I think is most likely. Many people had sell orders and short orders at a $6800 BTC. After all it’s been between $6000 and $6800 for weeks. Easy money selling and buying back in.
For me personally though I’m too scared to do things like that. I take profits here and there, but I personally got burned trading like that in the early days and I vowed never to do it again.
Anyway something caused the resistance at $6800 to break through, after which the short orders were squeezed out and the fomo began.
The herd right now are buying back in, while the savy traders cautiously have their fingers over the sell button, potentially waiting to see how far this can go.
After all, there are two big things happening very soon. Tomorrow the united states congress are to meet to discuss cryptocurrencies: https://www.chepicap.com/en/news/2159/the-united-states-congress-digital-currency-the-future-of-money-.html
Index
Altcoins 1
Dogecoin 1
Waves 1
News 2
Coinbase 2
Entertainment 3
Altcoins
Dogecoin
Dogecoin sees over 15% price uptrend today as Robinhood adds Dogecoin.
The popular US no-fee trading platform just recently went from conservatively only supporting Bitcoin and Ethereum to support Litecoin and Bitcoin Cash too.
This is a surprising move from a serious trading company to decide to offer a meme coin. Much WOW.
https://www.ccn.com/much-wow-very-trade-dogecoin-is-now-listed-on-robinhood-crypto/
Dogecoin is an open source peer-to-peer “meme” cryptocurrency.
Waves
Waves CEO, Sasha Ivanov, just confirmed that Ledger support is coming in August.
https://www.reddit.com/r/Wavesplatform/comments/8z97dq/ledger_hardware_wallet_is_on_the_way/
https://mobile.twitter.com/sasha35625/status/1018755059516092416
Waves is a blockchain platform that can be used to create custom tokens.
News
Coinbase
Coinbase has reportedly got permission from the US regulators, including the SEC, to proceed with the recent trio of companies acquisitions that will allow Coinbase to become the first US regular venue for security tokens.
Just recently Coinbase announced that it’s exploring adding Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x. Now Coinbase is perhaps more likely to list them even if these coins are deemed securities.
We are seeing the US more open towards cryptocurrency as of late and perhaps this is a sign that the first Bitcoin ETF could finally be approved by the SEC on August 10.
Certainly a very important date, but whatever the outcome of it, I expect the markets to react pre-emptively. That just seems to be the way of things. Maybe it’s insiders knowledge I don’t know. Very exciting times.
https://www.bloomberg.com/news/articles/2018-07-16/coinbase-says-it-has-green-light-to-list-coins-deemed-securities
https://blog.coinbase.com/coinbase-is-exploring-cardano-basic-attention-token-stellar-zcash-and-0x-9e44f0eb823f
Entertainment
Ternio and real world use cases: https://www.prnewswire.com/news-releases/rpm-advertising-selects-ternios-programmatic-blockchain-for-brand-partnership-300657707.html