CoinNess Daily Briefing
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Wednesday, June 12, 2019
Market Review

[CoinNess.com Market Surveillance June 12: BTC Dances Near $7990]As of 11:00 (UTC) on June 12, the global index of Bitcoin (BTC) price remains dancing near $7,990, marking $7,992.59. It has registered an increase of 1.79% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with three indicators sending out a selling signal, five showing a neutral signal, and 10 indicating a buying signal.
The broad market shows an uptrend, with 84 out of Top 100 cryptos by market cap rising.
The global market cap reads $256.57 billion, and the 24-hour trading volume is $62.25 billion.
Major Coins 
1. BTC quotes show 7,956.67 USDT on Binance, $7,998.80 on Bitfinex and $7,994.76 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: 
ETH marks $249.02 (+2.540%); 
XRP marks $0.3958 (+1.13%); 
BCH marks $389.25 (+0.72%); 
EOS marks $6.33 (+0.81%); 
LTC marks $138.39 (+8.66%); 
ETC marks $8.25 (+1.56%). 

Todays Headlines

1. Digital currency exchange Coinbase announced on June 12 that its Visa debit card is to launch in six more European countries after debuting in the U.K. in April. 
The card allows users in Spain, Germany, France, Italy, Ireland, and the Netherlands with Coinbase accounts to spend cryptocurrencies like Bitcoin, Ethereum and Litecoin in stores and online at any merchant that accepts Visa.                                                                                                                                 

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2. As reported earlier, news of Telegram's digital token GRAM being listed on Liquid Exchange shook the crypto-internet. Liquid announced that they had partnered with Gram Asia, which reportedly was introduced as the largest holder of the native TON token in Asia.
However, came with a comment from people close with Telegram, they have no business relations with Liquid exchange, nor they have heard of Gram Asia, which was presented as the largest GRAM token holder in Asia.

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Hot In Asia

Fuzhou city in China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry's growth, the state-run People's Daily reported on June 11.
The incentive is part of three measures designed to help the sector, and will enable companies to receive up to 600,000 yuan ($86,800) in relief on rent bills per year for three years.
Traditional companies will also be encouraged to build blockchain applications, and will be eligible to receive a 20% subsidy on the cost of their development. Projects that win awards for scientific and technological progress, or deliver transformation in Fuzhou, could be rewarded with a payment of up to 600,000 yuan.

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Q & A

Question: 

How About the Future Possibilities of Lightning Networks?

 

Answer:

Under Lightning, all sorts of new payment models will become possible. Just think what a payment system that can reach anyone instantly with no overhead, can do. Much like the effect of audio and video content streaming, we might see an era of streaming money. For example, your smartphone could use Lightning to make automatic micro-transaction payments to WiFi hotspots that it connects to, enabling you to only pay for a partial video you’ve watched. Or even wilder, think of a world in which instead of getting a bi-monthly paycheck, workers get paid for every second they work.

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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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