CoinNess Daily Briefing
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Friday, July 15, 2019
Market Review

CoinNess.com Market Surveillance July 15: BTC Regains $10.3k Level

As of 11:00 (UTC) on July 15, the global index of Bitcoin (BTC) price drops to the $10,000 level. Currently, BTC marks $10,350.95, registering a decrease of 4.63% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Sell" with 14 indicators sending out selling signals, none showing neutral signals, and four indicating buying signals. 
The broad market is still under the spell of bears, with only 11 out of Top 100 cryptos by market cap trading in green. 
The global market cap reads $280.70 billion, and the 24-hour trading volume is $83.87 billion. 
Major Coins 
1. BTC quotes show 10,291.31 USDT on Binance, $10,318.13 on Bitfinex and $10,332.80 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $227.27 (-8.50%);
XRP marks $0.314 (-1.93%);
LTC marks $88.70 (-6.55%);
BCH marks $292.94 (-10.79%);
EOS marks $4.30 (-4.97%);
ETC marks $5.46 (-10.04%). 


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Todays Headlines

1.  According to the announcement of Huobi Global, FastTrack Phase 3 Voting will start on July 17, with CNNS being one the only two coins to be listed. Prior to the listing, CNNS needs to undergo a one-on-one HT voting. The project with the highest HT vote count will be listed at 14:00 UTC on July 17, and the other one will be listed at 02:00 on July 19. Per the rules, approximately 500,000 USDT worth of project tokens (market price) will be sold (at a discount of around 50% off to voting users), whilst, an equivalent of 500,000 USDT worth of HT will be burnt.

                                                                                                                                                                                        Read More


2. Citing the data from BitcoinAbuse, until July 15, there are 903 Bitcoin which were reported of being used in crime-related activities within last week.

                                                                                                               Read More

                                   

Hot In Asia

1. Bitmain has ordered 30,000 7nm chips from TSMC, the world's largest dedicated semiconductor foundry, for the third and fourth quarters, a Weibo (China's Twitter) user revealed today, July 15.

It is said that one piece of 7nm chip is worth nearly $10,000, which means that the above order is roughly valued at $300 million. In addition, unlike the previous order, TSMC may require Bitmain to pay advance deposit with a larger percentage, and even request a full payment before production. As reported by CoinNess.com, Bitmain is planning its IPO plan in the US. Besides, the company could raise about $300 million to $500 million through the IPO, but has yet to determine the financing scale.
CoinNess.com has sought confirmation from Bitmain, but they made no comments.        
                                       

                                                                                                              Read More                                                                                                            

2. Shinhan Card Co. Ltd., South Korea's biggest credit card company, has obtained a patent on "blockchain credit settlement system" in the country. Besides, the company is currently applying for the patent in the United States, Japan, China, the European Union, Vietnam and Indonesia.
                                                                                                          Read More 
Q & A

Question: What is the mining hashrate?

 

Answer:

Hash Rate - A hash is the output of a hash function and, as it relates to Bitcoin, the Hash Rate is the speed at which a compute is completing an operation in the Bitcoin code. A higher hash rate is better when mining as it increases your opportunity of finding the next block and receiving the reward.

 

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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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