Daily Email 05-17-19

Coin Profits Daily

ArcBlock (ABT)

ArcBlock is a platform and an ecosystem for building and deploying decentralized blockchain applications. The ABT is a utility token for paying the cost associated with using the service. The ABT’s basic utility value is to pay for the cost of using the ArcBlock system. It has a market cap of $65.8 million, a circulating supply of 98.5 million and has traded over $21.3 million in the past 24 hours according to CryptoSlate.com.

ABT/BTC established support yesterday near the mid-April highs and is continuing its move today. The previous high is at 0.00013288 and is a potential target as the price may retest that level before advancing further. A stop could be placed below the midpoint of yesterday’s candle body near 0.00007320.

News to Know

A ‘Whale’ Selling Bitcoin Crashed the Price by $1,000
A single large bitcoin (BTC-USD) sale crashed the price of the cryptocurrency by over 10% on Friday. Bitcoin fell from around $7,726 to $6,777 at around 4am ET (8am GMT). By 9.50am ET, the price had recovered slightly to trade around $7,155 but remains down about 9%. The crash appears to have been caused by a large sell order on Bitstamp, a leading European cryptocurrency exchange.

6 Developments Potentially Triggering Bitcoin Price Volatility
It has been a very turbulent night for Bitcoin and all of the alternative markets available today. With all markets losing as much as 10% of their value in quick succession, everyone is looking for a reason as to what happened. It appears there are a few interesting developments which all can influence the way these markets are moving. There is always much more to this industry compared to what is seen on the surface.

Poloniex to Delist 9 Coins in the US, Cites Regulatory Uncertainties
The US-based crypto exchange Poloniex has announced that it is going to stop trading services with 9 digital currencies for its US-based clients citing uncertainty in regulations. The exchange will terminate the trading services of these coins – Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI), and Augur (REP) – on May 29 and asked the customers to close all positions before the deadline. However, customers of the exchange outside the United States can still trade these tokens.

Hacked Crypto Exchange Cryptopia Announces Liquidation Process
Cryptopia, a cryptocurrency exchange with headquarters in New Zealand, has suspended trading services and released a press statement on May 15 stating that it is in liquidation. The latest development comes less than six months after the exchange lost millions through hacking.

Coinbase US debit card: The Crypto Sphere’s New Trend
In a recent interview, the CEO of Coinbase revealed the plans to introduce Coinbase US debit card. This decision for introducing debit card in the US was fueled by the success of Coinbase debit card launch in the UK previous month.

DigitalSecurities.com Launches New, Cutting-Edge Newsfeed for Crypto-Asset Investors & Enthusiasts
Hosted by PCG Advisory Inc., DigitalSecurities.com, a premier resource for the digital securities market place, announces the release of a brand-new newsfeed that will provide breaking news about crypto-assets and digital securities, all curated by a team of professionals with years of experience in the field. The news feed will provide independent, institutional-quality, unbiased news as it breaks 24/7/365. Providing the headlines pertaining to Issuers, Platforms, Exchanges, and all other integral participants in the emerging digital securities industry, the Digital Securities Newsfeed will keep readers abreast of regulatory updates affecting the digital securities market.

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Source: Coinmarketcap.com