No, you are not dreaming! A new day and another big news happened in the world of cryptocurrency. Looks like there is no stopping now and it's understandable as even the word cryptocurrency is starting to get really popular. I would like to present you some news as it is really important to give the information away!
CHINA
China bans initial coin offerings as illegal fundraising. All cryptocurrency markets are in the red, but this information mostly hit NEO, the chinese ethereum, that is now down more than 30%. I was talking about NEO yesterday and if you would like to get some NEOs this is probably the best time as they are really cheap.People are still selling their precious coins, even right now! In my honest opinion they are making a big mistake by doing so. It is probably needed to say that China didn't ban cryptocurrencies and is probably only looking at ICO's that mostly just scammed people out of their money and the projects were never delivered!
People see reds and are calling it's over for cryptocurrency in general, but I think not even that much happened. Bitcoin is still above 4000$. This more feels like the dump we needed for Bitcoin to hit 5000$ price mark later on. The markets really were over-heated and we needed to cool them down a little bit.
If we look at the Bitcoin chart with technical analysis there was an ichimoku cloud twist and that could mean that the price will go even lower. This is really a great time to buy more coins. It probably takes some time for the markets to recover from information like this, but it will pass away sooner or later.
PARIS HILTON
Cryptocurrencies in general are booming and starting to get really popular. Even rapper like The Game is in cryptocurrency industry now as he is in the advisory board for Paragon Coin. Raekwon will probably join the Smoke.Network. We also had John Cena, professional wrestler, showing an image of Bitcoin to his huge following on instagram.And now we even have Paris Hilton. On twitter she promoted LydianCoin, but also she promoted tags like cryptocurrency, bitcoin, eth and blockchain!
I didn't heard about LydianCoin before this tweet, but it looks like the chairman of the company creating this cryptocurrency, Gurbaksh Chahal, went to jail in 2014 for domestic violence. LydianCoin claims to be the first A.I. big data marketing cloud for blockchain, but I can't really say if it's true or not.
The whole project feels really weird and the money from the ICO will go towards the development of nothing as it's stated in their white paper.
TRADEQWIK
If you are a TradeQwik (@tradeqwik) user or you are at least on their discord server (https://discord.gg/Y8uRY7d) you would know that they are making some really nice updates to their website design.Guess which one is the new! It isn't ready yet, but it is a really great improvement over the old design and will probably engage much more people to join this exchange and buy some VIVAs. With VIVA you can then buy TQS, which can earn you some exchange dividends. It pretty much works the same as with OBITS on the OpenLedger exchange.
The project is really good and I wish TradeQwik a good luck.
BONUS
A great video from Ken Shirriff on how to "mine" Bitcoin just with pencil and paper. Looks like it's possible even without electricity! Pretty fascinating.
That's all from me for today, but I actually have few questions for you now. Are you still holding or are you selling? And what do you think about this China ICO's ban? Will it help the cryptocurrency markets in the longer run?
If you also have some news that you would like to share with us feel free to post them in the comments below. See you soon!
Thank you!
My previous posts:
@eirik/obits-again-neo-cars-humble-bundle
@eirik/litecoin-john-cena-obits
