MARKET UPDATES 8/22-23/2018 China Banning Crypto Ads Again?!?!
CRYPTO MARKET UPDATE 8/22-23/2018
Bitcoin:- $6,399.36
BCH: -$520.77
Market Cap: -$206,700,140,000
24 Hour Volume: +$13,286,660,824
Bitcoin Dominance 53.3% ^
BitCoin Google Trend Ranking: 7 (-3 From August 20, 2018)
Coin Popularity
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Special Thanks to coingossip.club
(ZEN) The Zen Cash call we made On August 20,2018 , exactly two days ago played out well and would have given profit to anyone who took action accordingly. Positive price movement took ZEN from $19.15 to $22.51 in 24 hours before pulling back to support.
UPCOMING EVENTS
-August 24 – NEO Blockchain challenge Tokyo.
***-August 24- (ONT) Ontology main-net launches. (We highly recommend to buy before the 24th, as main-net launches often coincide with positive price movements.
-The United States Securities Exchange Commission has rejected a Bitcoin ETF proposal by ProShares, a company which holds assets of about $30 Billion USD.
-Australian startup, Legaler has raised $1.5 million USD in an effort to develop it's promised service which will provide legal services using the blockchain directly to customers.
(BCH) The latest wallet from Bitcoin Cash released today has implemented a clever security mechanism. The wallet holds and moves BCH which is integrated within an image in the wallet, making it at first glance “ just some image”, but scanning of the image will open the assets and you can even transfer funds as an image.
-Crypto app scams continue to grow world wide, even with in reputable “secure” markets, like the Google Play store. The latest trend in scams was first spotted by a company named, Google Commerce Ltd. These fake Ethereum apps promise to give users Ethereum in exchange for fiat. Or put simply, just buy Ethereum from them directly with no Checks, or KYC.
(NEM) Rumors are swirling around the internet of a partnership between the Airline Giant Lufthansa, Microsoft and NEM. Surely a huge move if proven to be real. “Trade the rumor, sell the news”.
(BTC) Bitcoin's massive jump in the early hours of the morning today can be directly attributed to the massive pump of Tether into the markets yesterday. Tether, which has been under scrutiny for creating tokens out of nothing, created and put into circulation another $100 Million USD worth of Tether tokens. Keep in mind that each Tether is technically pegged to the value of the United States Dollar.
(CHINA) In Typical Chinese fashion, the “Communist” nation has announced a ban on “All crypto related commercial activities”. Historically China has been notorious to release negative news for cryptocurrency and cause massive drops in prices where they can buy back in at a discount. This FUD continues to work for them, hopefully every time they pull these stunts their ability to manipulate and scare investors decreases gradually.
