CoinNess Daily Briefing
To Make Your Crypto Investing Easy
 
Wednesday, July 3, 2019
Market Review

CoinNess.com Market Surveillance July 3: BTC Remains Above $11k
As of 11:00 (UTC) on July 3, the global index of the Bitcoin (BTC) price experienced high volatility and currently stands above the $11,000 level, marking $11,343.91. It has registered an increase of 12.67% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Buy" with two indicators sending out a selling signal, three showing a neutral signal, and 13 indicating a buying signal. 
The broad market turns bullish, with 84 out of Top 100 cryptos by market cap rising. 
The global market cap reads $324.42 billion, and the 24-hour trading volume is $91.44 billion. 
Major Coins
1. BTC quotes show 11,308.90 USDT on Binance, $11,365 on Bitfinex and $11,360.79 on Coinbase Pro;
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $296.05 (+6.10%);
XRP marks $0.40 (+2.39%);
LTC marks $120.76 (+4.52%);
BCH marks $413.07 (+4.60%);
EOS marks $5.93 (+2.77%);
ETC marks $7.80 (+4.07%). 

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Todays Headlines

1.  Luxembourg-based Argento, a securitization firm, joined forces with London Block Exchange (LBX) to issue the Bitcoin-denominated bond, which is regulated under the United Kingdom’s regulator, the Financial Conduct Authority (FCA).
The Argento-LBX bond represents a first in regulated cryptocurrency products, in that it contains no fiat exposure for investors. It is readily available via Bloomberg Terminal, and is the first crypto product to have its own ISIN code.                             

                                                                                                                                                                                                     Read More


2. CoinFLEX, a Seychelles-based cryptocurrency derivatives exchange, announced the launch of the new product on July 2 as part of a broader offering dubbed "initial future opening," a play on the myriad acronyms in crypto that end in "o" like ICO, IEO, and STO. 
CoinFLEX also offers physically delivered futures for Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH).
                                                                                                               Read More


3. White House trade adviser Peter Navarro said on July 2 the U.S. trade talks with China are heading in the right direction and any concessions to Beijing on Huawei Technologies were small in the context of a larger trade deal.
"We're not going to sacrifice anything in order to get a cheap political trick," he said. "The whole China game plan ... is to dominate not just 5G but artificial intelligence, blockchain technology, and we can't let that happen."

                                                                                                                                            Read More

Hot In Asia

1. A South Korean-based crypto wallet, Plus Token, is facing an alleged exit scam situation. It is claimed to have disappeared with users' funds which is approximately estimated over $3 billion worth of crypto deposits. However, the digital presence of the company including its website, Twitter account and other social media accounts has not been wiped out, while claiming some technical glitches. 

                                                                                                     Read More                                                                                                            

2. A report from Nikkei Asian Review on July 3 indicates that the Bank of Japan (BoJ) has concerns that Libra – a planned cryptocurrency backed by a basket of fiat currencies and government securities – will be tough to regulate and could bring risk to the financial system.
Nikkei cited as unnamed official from the BoJ as recently saying: “It will move money into an absolutely virtual world, so it is completely different than other forms of digital payment.”
The report suggests that by linking Libra to more than one national currency, Facebook may be trying to avoid undue control from any single nation’s regulators. 
                                                                                                           
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Q & A

Question: 

What is
the major difference between a cold wallet and a hot wallet

 

Answer: 

The basic distinction between the two is that hot wallets are connected to the Internet, while cold wallets are kept offline. Therefore, funds stored in a hot wallet are much more accessible in comparison to funds in a cold wallet.
                                                                                                       Read More

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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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