CoinNess Daily Briefing
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Tuesday, July 16, 2019
Market Review

CoinNess.com Market Surveillance July 16: BTC Swings In And Out Of $10.7k

As of 11:00 (UTC) on July 16, the global average price of Bitcoin is swinging around the $10,700 level. Currently, BTC marks $10,735.94, registering an increase of 3.80% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Sell" with 14 indicators sending out selling signals, zero showing neutral signals, and four indicating buying signals. 
The broad market shows an uptrend, with 65 out of Top 100 cryptos by market cap rising.
The global market cap reads $287.33 billion, and the 24-hour trading volume is $67.35 billion. 
Major Coins 
1. BTC quotes show 10,677.65 USDT on Binance, $10,657.00 on Bitfinex and $10,696.94 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $226.40 (-0.25%);
XRP marks $0.314 (+0.34%);
LTC marks $89.90 (+1.36%);
BCH marks $308.25 (+5.72%);
EOS marks $4.28 (-0.23%);
ETC marks $5.82 (+6.51%).
  


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Todays Headlines

1. Nic Carter, the co-founder of Coinmetrics.io and partner at Castle Island Ventures, recently pointed out these problems in a series of tweets on July 14. Carter said that Bitcoin mining has been lagging behind Bitcoin Cash, which was more than 123,000 coins ahead of Bitcoin in November 2017.
Carter said that if Bitcoin continues to narrow down its supply lead by 239 BTC per day, it will keep outpacing difficulty, both Bitcoin and Bitcoin Cash halvings could happen at the same time.

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2.Following a recent council approval, Canadian City of Richmond Hill will be exploring providing crypto asset property tax payments. Helping to provide the service will be the domestic digital currency platform, Coinberry.
The City of Richmond Hill is the second Canadian city to accept cryptocurrency for tax payments. Innisfil in Ontario was the first city to work with the trading platform and announced their own partnership in March of 2019.

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Hot In Asia

1. CoinNess.com has sought the confirmation from Binance about its plan to establish a branch in South Korea. The official response revealed that it does not plan to set up a branch in the country currently. On July 16, ZHAO Changpeng, founder of Binance, stated that he is not clear about the issue, as well as the details of its cooperation with the local company in South Korea.                                                                                                           Read More                                                                                                            

2.BITPoint, a Japanese crypto exchange, revealed the details of the stolen cryptocurrencies at a press conference in Tokyo today (July 16).
The funds include 1,225 BTC, 1,985 BCH, 11,169 ETH, 5,108 LTC and 28,106,343 XRP, which are totally worth about 3.02 billion yen (approx. $28 million).
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Q & A

Question: How to transmit the transaction?

 

Answer:

Because the transaction contains all the information necessary to process, it does not matter how or where it is transmitted to the Bitcoin network. The bitcoin network is a peer-to-peer network, with each bitcoin client participating by connecting to several other bitcoin clients. The purpose of the bitcoin network is to propagate transactions and blocks to all participants.
 

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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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