CoinNess Daily Briefing
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Thursday, June 27, 2019
Market Review

CoinNess.com Market Surveillance June 27: BTC Price Decreases To The $11800 Level
As of 11:00 (UTC) on June 27, the global index of Bitcoin (BTC) price decreases to the $11800 Level, marking $11,850.14. It has registered a decrease of 5.75% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with six indicator sending out a selling signal, five showing a neutral signal, and seven indicating a buying signal.
The broad market shows a downtrend, with 13 out of Top 100 cryptos by market cap rising.
The global market cap reads $337.48 billion, and the 24-hour trading volume is $134.75 billion.
Major Coins 
1. BTC quotes show 11,945.29 USDT on Binance, $11,793.00 on Bitfinex and $11,711.26 on Coinbase Pro
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $310.53 (-7.54%);
XRP marks $0.4286 (-10.65%);
BCH marks $434.52 (-13.14%);
EOS marks $6.37 (-13.16%);
LTC marks $118.67 (-12.64%);
ETC marks $8.15 (-13.30%). 

 

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Todays Headlines

1. The India-based Koinex announced via Twitter that it decided to permanently disable all digital assets trading services on all Koinex platforms from 07:30 UTC on June 27.                                                     
                                                                                                                                   
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2. The Libra planned by US technology giant Facebook is unlikely to become a reserve currency – one backed by central banks and used in international trade – as it may not win the necessary regulatory approvals, a report by S&P Global Ratings said.
"Libra resolves some of the main issues related to cryptocurrencies as a means of exchange and store of value and, if successful, could disrupt some financial services activities – payments and money transfers most directly," the paper published on June 26 said.
"The main hurdle we see to its success is whether it will receive the regulatory approvals required across the globe. We expect some divergence in the regulatory stance."


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3. Singapore-based exchange Bitrue published a tweetstorm as an official announcement regarding the hacking of Bitrue on June 27, 2019.
At approximately 17:00 UTC on June 27, a hacker exploited a vulnerability in their Risk Control team's 2nd review process to access the personal funds of about 90 Bitrue users. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges, including Huobi Global, Bittrex, and ChangeNow. The attack was soon detected, and activity was temporarily suspended on Bitrue, and the three exchanges helped in freezing the affected funds and accounts. 
Right now, the exchange is conducting an emergency inspection of the exchange and hopes to be live again as soon as possible with log in & trading functionality. Withdrawals will be offline for a slightly longer period while they continue investigating the situation.
Bitrue has also contacted the relevant authorities in Singapore to assist them in tracking down the culprit and retrieving the stolen funds. 
"Everyone will get their funds back, you can be 100% sure of that," assured Bitrue.                                             
                                                                                                            
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 4. Public blockchain tokens will soon be trading on a major securities exchange. Revealed exclusively to CoinDesk, Swiss security token firm BlockState plans to "passport" half a dozen ERC-20 tokens from Ethereum, the second-largest public blockchain, to Corda, the private distributed ledger technology (DLT) platform developed by R3.
Before the end of the year, the tokens will be locked up in a smart contract on Ethereum and "mirrored" versions of them will run on Corda. This is akin to global depository receipts, where shares of a company are held in custody in one country and a certificate representing ownership of them is traded in another.
 
                                                                                                             
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Hot In Asia

1. SBI Group publishes an announcement, detailing that its affiliate company Money Tap newly received an injection of funds from seven banks, namely the Ashiga Bank, Shimane Bank, Chikubo Bank, Toho Bank, Towa Bank, Fukushima Bank, and another undisclosed bank. This round of fundraising brings Money Tap's equity holders up to 20 in total.

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Q & A

Question: 

What Is Bitcoin ATM?

 

Answer: 

Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion.
Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person. Common locations for Bitcoin ATMs are inside of a retail store, shop, tavern, restaurant, mall or airport.


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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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