CoinNess Daily Briefing
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Thursday, June 6, 2019
Market Review

[CoinNess.com Market Surveillance June 6: BTC Fluctuates Around The $7800 Level]As of 11:00 (UTC) on June 6, the global index of Bitcoin (BTC) has been trading sideways around the $7,800 level, marking $7,870.96 with an increase of 0.40% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with eight indicators sending out a selling signal, five showing a neutral signal, and five indicating a buying signal.
The broad market is trading sideways, with 52 out of Top 100 cryptos by market cap dropping. 
The global market cap reads $250.74 billion, and the 24-hour trading volume is $66.83 billion.
Major Coins 
1. BTC quotes show 7,791.91 USDT on Binance, $7,811.00 on Bitfinex and $7,807.17 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $247.69 (+0.52%);
XRP marks $0.403 (-0.02%);
BCH marks $393.08 (-3.22%);
LTC marks $104.88 (+0.83%);
EOS marks $6.40 (-0.79%);
ETC marks $7.99 (-2.21%).

Todays Headlines

1. Binance, the world's largest cryptocurrency exchange, will begin issuing so-called stablecoins "in a matter of weeks to a month or two," Chief Financial Officer Wei Zhou said in a phone interview.

                                                              Read More


2. The U.S. Securities and Exchange Commission just filed a new fraud action against Longfin Corp. and its CEO for falsifying the company's revenue and, together with a former Longfin consultant, for fraudulently securing the company’s listing on Nasdaq. The SEC’s prior charges against these defendants and two others resulted in a preliminary injunction freezing more than $27 million in allegedly illegal trading proceeds from unregistered distributions of Longfin stock.
Longfin saw a massive jump in its share price in 2017 when it claimed that it had redirected its business model toward blockchain technology.

 

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Hot In Asia

Prices are unpredictable, the Litecoin halving in two months will impact the LTC price for sure, though, WANG Xinxi said in an exclusive interview with CoinNess.com.
WANG co-founded the Litecoin Foundation with Charlie Lee and currently serves as a board member of the Foundation. He elaborated on three factors to influence the LTC price. First of all, the halving leads to a change in the inflation rate and breaks the balance between supply and demand, resulting in a price surge. Besides, the majority in the Litecoin community are eager to overweight LTC in their investment portfolios while having been looking forward to the hype around the halving. Community sentiment, in WANG's eyes, is the most essential point. Positive sentiment could push the LTC price to a sky-high; neutral or negative sentiment may cause nothing drastic. The price can grow in an irrational and unpredictable way, WANG stressed, adding that the current price might be the top considering how much it had gained in the past months. 
The halving, together with the LTC price, the miner price, mining technologies, and many others, will all play a role in Litecoin's hashrate change. In general, the hashrate may not decline necessarily, and there is little chance for an attack, WANG said.

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Q & A

Question: 

What Are Transaction Inputs and Outputs?

 

Answer:

Transactions are like lines in a double-entry bookkeeping ledger. Each transaction contains one or more "inputs," which are like debits against a bitcoin account. On the other side of the transaction, there are one or more "outputs," which are like credits added to a bitcoin account. The inputs and outputs (debits and credits) do not necessarily add up to the same amount. Instead, outputs add up to slightly less than inputs and the difference represents an implied transaction fee, which is a small payment collected by the miner who includes the transaction in the ledger. A bitcoin transaction is shown as a bookkeeping ledger entry in Transaction as double-entry bookkeeping.

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Disclaimer: CoinNess.com or anyone involved with CoinNess.com will not accept any liability for any trading loss or damage as a result of reliance on the information contained within this email including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  CoinNess.com would like to remind you that the data contained in this email is neither necessarily real-time nor accurate. All crypto prices, Indexes, Futures, buy/sell Signals and Forex prices are indicative and not appropriate for trading purposes; furthermore they are not provided by an exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price. CoinNess.com doesn't bear any responsibility for any trading losses you might incur as a result of using this data. 

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