CoinNess Daily Briefing
To Make Your Crypto Investing Easy
 
Tuesday, June 11, 2019
Market Review

[CoinNess.com Market Surveillance June 11: BTC Cliff Jumped To $7800-Odd]As of 11:00 (UTC) on June 11, the global index of Bitcoin (BTC) price just took a jump to the $7,800 level, wiping out nearly $100 in face value. Currently, it marks $7,829.22 with an increase of 0.55% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is “Strong Sell" with 10 indicators sending out a selling signal, one showing a neutral signal, and none indicating a buying signal. 
The broad market still remains within the bulls’ clutches, with 20 out of Top 100 cryptos by market cap falling. 
The global market cap reads $254.52 billion, and the 24-hour trading volume is $64.69 billion. 

Major Coins 
1. BTC quotes show 7,778.57 USDT on Binance, $7,808.10 on Bitfinex and $7,816.21 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: 

ETH marks $243.06 (+1.78%); 
XRP marks $0.391 (-0.36%); 
LTC marks $127.18 (+7.23%); 
BCH marks $386.71 (+0.22%); 
EOS marks $6.25 (-0.27%); 
ETC marks $8.11 (-0.22%). 
Todays Headlines

1. TRON released the testnet of side chain solution Sun Network today on June 11. The Sun Network solution is a scaling solution aiming at prospering the TRON MainNet, including smart contract DAppChain, cross-chain communications, and other scaling projects.

Citing the latest data from TRON, the block height of TRON has breached the 10 million mark and reached 10012350.                                                                                                                                          Read More


2. Justin Sun, founder of TRON (TRX), won the Warren Buffett charity lunch auction using money of BitTorrent, which "has nothing to do with cryptocurrency."
"We paid from the BitTorrent [income], which is our company based in San Francisco. Most of the money is related to our ads revenue from the BitTorrent clients and it has nothing to do with cryptocurrency," Sun, who is also the CEO of BitTorrent, said in an interview with Yahoo Finance. TRON acquired BitTorrent for reportedly $140 million in 2018 and in 2019 both companies launched the BitTorrent token (BTT) in an attempt to tokenize popular file sharing protocol.

Read More

Hot In Asia

Joseph Young just tweeted to state that the largest bank in South Korea (Kookmin Bank) is planning crypto custody.
He continued, Kookmin Bank was one of the banks that were reluctant towards providing crypto exchanges with banking services several years ago.

Read More

Q & A

Question: 

How fast and reliable are Lightning Network payments?

 

Answer:

Depending on the route, Lightning Network payments can be instant. Every wallet tries to find the cheapest and the shortest route once you send your transaction. You can open a channel directly to a person who you are going to often trade with or depend on other channels which might route your payment for a small fee. Lightning Network is still in its early state so payments fail from time to time.

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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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