Another fun day of trading ahead, BTC still hovering over $6700, but looks like it might consolidate down a bit based on the charts.
Best trade for me yesterday was RavenCoin which surged a nice 22% before I jumped out, looks like it can still do more though.
Bitcoin Will Hit ‘New Highs’ In Q1-Q2 2019 says Mike Novogratz
(right up until Chinese New Year, then maybe not…)
Tether currently hold negative shareholder equity according to their own website, 1 USDT = 0.927 USD
(More tether shenanigans ahead?)
DNV GL is using VeChain across their entire business. VeChain now has partnerships (which have been CONFIRMED) with PwC and Deloitte - 2 of the Big 4 accounting firms. Chinese President (Emperor?) Xi JingPing was also at the Norway China Business Summit where VeChain presented.
(Is China starting to take more notice of Brockchain?)
Legendary hacker turned CEO George Hotz shares his thoughts on dApps, Lightning Network, Ethereum, and forked coins
(Lightning Network is making great strides lately)
Nasdaq planning to use Ravencoin to launch a security token platform?
(We shall see, but rumors abound)
Introducing the IOT-CT03 UHF RFID Ceramic Antenna, developed by Waltonchain technical subsidiary IOT Technology
(RFID technology improves each time I look at it)
MinerGate is going to support Monero (XMR) hard fork
(another hard fork for XMR soon, get ready for updates!)
Over $11 million in ERC 20 Tokens was stolen in the recent Bancor hack.
Weekly Nano Update: Epoch Blocks, the Boulton release and more
(Epoch Blocks are an interesting idea)
Tether traded down to $0.92, and TrueUSD up to $1.10. Meanwhile DAI stayed at $1.
(Volatility in the “stable” coins? who’d have thunk it!)
Request Network Project Update (October 16th, 2018) — Technical Releases, Joining Delta Direct
Spacebit will use IOTA for an IoT network of multiple space vehicles and Qubic for AI and outsourced heavy computing
(would probably work too if there was enough incentive to run nodes)
USDC being listed on OKex and GUSD (Gemini Dollar) - yet more stable coins for USD, what about currencies from other countries?
(Maybe I should create a AUDC so people can but the stable #shtcoin LOL)
TeslaCoin (TES) - TeslaStarter Launch release is due Oct 17th
Not to forget GVT Platform Release is Oct 30th and GVT still trading above $11.85 which is nice and peaked at $12.20 yesterday. I still think it has more room to grow.
Forex Markets: Semblance of Stability Returns
Although the S&P 500 was unable to sustain early gains yesterday, the largely consolidative session was part of the stabilisation of equities after last week’s jump in volatility. Asia and European stocks are also cautiously steadying. Most Asia equity markets advanced with the Nikkei’s 1.25% advance most bourses higher. China was a notable exception, The Shanghai Composite recorded new lows for the year and finished uninspiringly on its lows. Europe equities are mostly firmer, led by Italy and Spain. The Dow Jones Stoxx 600 is almost 0.5% in late morning turnover, with most sectors participating save energy and consumer staples. Core bonds yields are one-to-two basis points higher, while peripheral European 10-year benchmark bond yields are two-to-five basis points lower, led by Italy and Greece. The dollar is mostly softer, and the softness of the Swiss franc and Japanese yen also reflect the easing of investor anxiety.
EURO - Bullish - 45% Short (-2%)
GBP - Mixed - 44% Short (+2%)
JPY - Mixed - 45% Short (-3%)
XAU - Bearish - 19% Short (+2%) (Money heading out of Gold again)
CAD - Bullish - 57% Short (-5%)
AUD - Bearish - 32% Short (-1%) (AUD reprieve has dissipated)
Bitcoin - Bearish - 15% Short (-1%)
Ethereum - Bearish - 8% Short (no change)
Ripple - Bearish - 4% Short (no change)
Litecoin - Bearish - 6% Short (-1%)
For those like me who went long on CAD yesterday, was around 0.6%. I was expecting a bit more, but Forex decided it is time to go sideways for a while.
Traders all still going long on Crypto with little change, so we shoudl expect some sideways trading in the Crypto market unless Tether decides to implode