Crypto News: Bitcoin rally start ???, FuseX and IOTA's Asia partnership,Bank market manipulation, T-Mobile crypto lawsuit, NEM, WAX update
@altcoinbuzz daily update(7/2/18) covered by Shailen - This is an article version of the video made with the links to all the information mentioned in the video + I do add a few points which i feel could help out(IMO- In my opinion)
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Bitcoin Price Update:
It is possible this could be a breakout or could pull back for some more consolidation, the comments on todays video explain both the perspectives perfectly :
What do you guys think comment below ???
NEWS
1)Bitcoin ROCKETS: Market crackdown will see cryptocurrency ‘thrive’ after ‘wild price ride’:
The leading virtual currency tracker Coinbase declared that Bitcoin has seen an 18.22 per cent rise in the last 24 hours (at time of writing) that saw its value climb back up to £5,288.03 ($7,383.45).
Christian Catalini assistant professor at MIT Sloan School of Management said: “What’s useful is that as regulation will become more clear that will actually allow the space overall to thrive.”
Prof Catalini said the currency had been on a “wild ride” remembering that the Bitcoin price had been at $1,000 just a year ago. He said: “It’s not clear how much of that was enthusiasm, hype, maybe even market manipulation.” Price falls have been partly put down to uncertainty over regulation of what is still a fairly new market.
2)Bitcoin ‘CRUSHED’: Banks ‘responsible’ for BURSTING crypto bubble but 'hold liquidity key':
Mr Mourdoukoutas claimed that banks pumped incentives into the virtual currency after realising its potential and created Bitcoin futures by CME.
This “provided the liquidity” that allowed investors to purchase Bitcoins using their credit cards with ease.
The expert detailed that 18.5 per cent of people have used credit cards to purchase the cryptocurrency.
After 22.13 per cent of people that used credit cards to gain access to the rising Bitcoin market, banks began to cut off liquidity to virtual currencies, he declared.
He went on: “How many investors have used their credit cards to buy Bitcoin? It is 18.15 per cent.
“And 22.13 per cent of those investors who used credit cards to fund their Bitcoin purchases didn’t pay off their credit card balance after purchasing Bitcoin.
"Now, big banks are cutting off liquidity to the cryptocurrency markets, when they need it the most; and, perhaps, turning a cryptocurrency correction into a crash.
IMO: Well this is a double edged sword , on one hand they have reduced the liquidity for the market but on the contrary lesser inflated money will come in i.e hard earned real money would be invested. Still with the growing publicity of cryptocurrencies I think the problem of liquidity should not be predominant + there are too many whales for retailers to make a massive impact.
3) FuzeX Announces Partnership With Legendary Crypto Pioneer Charlie Shrem:
It is with great excitement that the FuzeX family today announces its partnership with Bitcoin pioneer Charlie Shrem, who will serve as an advisor to the FuzeX global payment solution project.
FuzeX Card is identical in size and thickness to a standard credit and functions as a payment card, but that’s where the comparison to traditional credit cards ends. FuzeX also functions like a cryptocurrency hard wallet as well an “all-in-one” card for up to 30 other payment cards and membership cards.
IMO : Charlie Shrem in an OG in the cryptocurrency space , so definitely read up on him !!!
4)IOTA (MIOTA) partners with one of the giant countries in Asia:
Taiwan, one of the giants of Asia, has noticed IOTA (MIOTA). In actual sense, it is the tangle technology used in the blockchain of the crypto in which authorities of Taipei, the capital city of Taiwan, are interested. The city wants to become a digital city. And they have recognized that they can achieve this by using blockchain technology. The main objective of joining hands with IOTA is to make the city technologically better. So as to attain this, the authorities have spotted a new technology among the blockchains of cryptocurrencies, known as the tangle technology, which is a product of IOTA cryptocurrency.
Source : https://cryptorecorder.com/2018/02/06/iota-miota-partners-with-one-of-the-giant-countries-in-asia/
IMO : I have my doubts about IOTA with the recent facade they have created, so lets see how this pans out .
5) Man suing T-Mobile after losing $20K in cryptocurrency:
A man in Washington named Carlos Tapang learned this the hard way; he is now suing T-Mobile for allegedly giving thieves the opportunity to rob him of over $20,000 in a combination of OmiseGo tokens and BitConnect coins.
The thieves’ heist was actually pretty simple. They called T-Mobile, the carrier Mr. Tapang uses for his smartphone, and asked to port Tapang’s number to a different carrier. A T-Mobile rep performed the port, and the thieves used what was now (on paper, anyway) Mr. Tapang’s cell phone to allegedly gain access to his crypto-wallets. Once inside, they converted the cryptocurrency to Bitcoin and cashed out to the tune of approximately $20,350.
If Tapang’s accusations are true, T-Mobile could be an unwitting accomplice in Class B felony theft.
Source : https://www.androidauthority.com/suing-t-mobile-losing-20k-cryptocurrency-835705/
IMO: Bitcccccconect ... lol how is there any value remaining in that coin for him to ask money, and how dumb are the reporter to write this shit .. clearly they know nothing about the crypto market considering its sourced from android authority.
TWITTER UPDATES
NEM : umm they sell burgers now ??? .. XD
IOTA: Partnership
WAX : Partnership
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Supreme article @steemaze. Keep up the dailys
I appreciate your daily uplifting comments .. thankyou once again :))
#LTC #NEO & #ETH all looking very strong going into Feb - March
And of course... #BTC
Yup, I've also loaded up on ICX, ADA and TRX .. :))
Sooo much #TRX Trade Volume. I cannot wait until March! (Main-Net goes Live + #TRON Coinburn)
I just saw the poll that @altcoinbuzz hosted .. it seems to be a 50-50 between tron and electroneum ..
I have both but 30% more TRX than ETN .. lol
Coins mentioned in post:
You got a 2.53% upvote from @bid4joy courtesy of @steemaze!