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🗞 Daily Crypto News, November, 20th💰

76
6 years ago
in#cryptocurrency

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 A Historically Strong Month for Crypto, November Is Off to a Brutal Start

The price of bitcoin, the world’s largest and most valuable cryptocurrency, now starts with the number four after falling to fresh 2018 lows on Monday.

Indeed, its price fell below $5,000 for the first time since October 2017 and its current price – hovering above $4,800 at time of writing – reflects a roughly 40 percent loss year-over-year. It’s notable that this state of affairs came to fruition during what has historically proven to be a bullish month for bitcoin.

🗞 🕹Blockchain Video Games are better than ever ! 🕹

Gaming is one of the easiest way for Cryptos to reach mass adoption. Gamers are already sold on the idea of Digital Goods.

New Gaming companies are being formed in the Blockchain Space on a daily basis.

I just tried out EOS Knights, add me "cryptolemon2" if you want 1000 free Magic water. This is the most "achieved" game available right now but a new wave is coming. These new games will mostly be on EOS or ETH sidechains and will test the network robustness.

I believe EOS has a little edge over ETH for now but let the Blockchain Games fight begin !.

🗞 Report: US Officials Are Probing Tether Role in Bitcoin Market Manipulation

The U.S. Department of Justice (DOJ) is increasingly focusing a months-long investigation into crypto market manipulation on the tether stablecoin, a report says.

Citing individuals familiar with the probe, Bloomberg reported Tuesday that the DOJ is looking into whether crypto exchange Bitfinex and Tether Ltd. have pushed bitcoin’s price up using the stablecoin. Specific details of the investigation were not shared, and no accusations of wrongdoing have yet been made.

However, concerns about tether have long existed in the public sphere, with researchers at the University of Austin publishing a study this summer linking the stablecoin’s issuance with bitcoin’s 2017 price pumps.

🗞 Indian Government to Present Draft Bill on Crypto Regulation in December, Documents Show

The Indian government is actively preparing a draft bill on crypto regulation, which is expected to see light this December, according to documents obtained by digital news website Quartz India Tuesday, Nov. 20.

The government has filed a counter-affidavit yesterday, Nov. 19 in the Supreme Court of India, which is currently hearing a case filed by several crypto exchanges against the Reserve Bank of India (RBI).

🗞 Everything That’s Wrong With Roubini’s Central Bank Crypto Love Letter

Whenever Nouriel Roubini talks smack about Bitcoin, it’s hard to know how to respond. Do you ignore “Dr. Doom,” mindful of the mantra to not feed the trolls? Or do you tackle him head on, shooting down his fallacies, but granting the attention he so desperately craves? It’s a conundrum, but in the case of the doc’s provocative new piece, a paean to central bank coins, the only option is to shoot for the heart. Here’s everything that’s wrong with Roubini’s latest brain dump.

Our subject begins his tirade by acknowledging that we’re transitioning to a cashless society and explaining that central bank digital currencies (CBDCs) are on the horizon. Up until now, Roubini is on solid ground. Unfortunately, he then ruins it by going full Dr. Doom:

As is often the case with Roubini’s unhinged rants, there are grains of truth scattered in there, such as the observation that central banks won’t use conventional blockchains to issue their digital currencies. That much can be safely assumed. But then our protagonist’s argument starts to rapidly unfold with the assertion that “If a CBDC were to be issued, it would immediately displace cryptocurrencies, which are not scalable, cheap, secure, or actually decentralized.”

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📑 Daily Crypto Calendar, November, 20th💰

  • Impleum (IMPL)

Impleum team is ready to tell in detail about all the technical innovations of the project in their coming White Paper.

  • Travelflex (TRF)

"IDAX will launch TRF on BTC, ETH market. Trading Start Time: 8:00,20th Nov, 2018 (UTC+8)"

  • Callisto Network (CLO)

Callisto Network will be hosting next AMA on Monday, 19 Nov from 19PM to 20PM. Join us on Telegram.

  • Quant (QNT)

Quant X Overledger launch event from 18:00-21:00 GMT at News UK, 1 London Bridge Street, London.

  • Graft (GRFT)

"Alpha test stable release planned for Friday and a clear path to Beta mid-November!"

  • Elastos (ELA)

ELA returns coins to angel investors.

  • General Event (CRYPTO)

Blockchain Moscow Conference at InterContinental, Tverskaya St., 22, Moscow, Russia.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

https://steemitimages.com/p/HNWT6DgoBc14riaEeLCzGYopkqYBKxpGKqfNWfgr368M9UqEq35eotuuzc7sorigjxxB8Vv4Eu1tyP6JhoN5MyR3ZaPN36QRj3w9iVVBE7LPRFfrYukKe2shnyc?format=match&mode=fit

Here is the current chart :

https://steemitimages.com/p/HNWT6DgoBc14riaEeLCzGYopkqYBKxpGKqfNWfgr368M9WdKF7pPcJGfYKhjRbj2yn1kG9fwYRiDELUSJ1PZV31i8abqAEk4XRYu9iNHwWFzJ2BFyE1JbTiWRta?format=match&mode=fit

The Support line has in orange has been broken with a high volume. As I was predicting on the BTC, the triangle created a drop break out and for sure the little support line has not been able to hold the drop. We are now lower than 0.50$. What a sad news for the STEEM. A little reversal should occus soon but don't think the drop is already finished...

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6 years ago
vlemon76
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