Daily Email 05-20-19

Coin Profits Daily

Etherparty (FUEL)

Etherparty is a blockchain platform that allows users, even those without knowledge of smart contract programming, to create enforceable, self-executing digital agreement for transactions. It has a market cap of $8.6 million, a circulating supply of 731.5 million and has traded over $30 million in the past 24 hours according to CryptoSlate.com.

FUEL/BTC broke out of its channel over the weekend and is forming a higher high and low today. A close above yesterday’s high of 0.00000143 is an indication of continued strength, with the potential to test the 38.2% Fib retracement level of the April to May downtrend. A potential stop could be placed below today’s low and raised below each higher low.

News to Know

Three Fundamental Theories for Bitcoin’s Big Bullish Run
It hasn’t quite garnered the hype we saw in the halcyon days of Q4 2017, but Bitcoin is once again surging. The world’s oldest cryptoasset has gained more than 150% since early February in a stunning technical move. While we’ve discussed Bitcoin’s technical drivers and outlook at length, we haven’t discussed the major fundamental catalysts for the recent rally.

SEC to Decide on Bitcoin ETF, Future of Crypto
Video: Yahoo Finance talks to Andy Bromberg, CoinList co-founder and president, as U.S. Securities and Exchange Commission is expected to draw a conclusion on bitcoin ETF.

Money: How Crypto Will Overthrow Fiat
One of the targets that cryptocurrency has in its crosshairs is fiat money. The idea that the whole world will universally use cryptocurrency and ditch fiat, is very much alive despite the concerns that cryptocurrency brings to a lot of institutions and mainstream appeal. A recent argument was made by the founder and CEO of Nexves, Chris Herd on how cryptocurrency will be the next ‘operating system’ for capitalism.

Embattled OneCoin Denies Multi-Billion Dollar Ponzi Scheme Allegations
OneCoin execs are sick of being called a Ponzi scheme. Allegations of ripping off churches are false too, they claim. In a lengthy letter to the Samoa Observer, the cryptocurrency-powered marketing company defended itself against what it considers to be false allegations OneCoin takes issue with news articles that were used by the Central Bank of Samoa (CBS), which fueled the Ponzi scheme narrative. The CBS has issued clarifications about the information it received about OneCoin’s operations.

ABN AMRO Eyes Launch of Blockchain Inventory Platform, Dropping Wallet Plan
As ABN AMRO drops its exploration of a cryptocurrency wallet product, the Dutch bank says it’s seeking to launch a blockchain platform for trade inventory. The bank said in a news release Friday that it’s currently “exploring options” for bringing the platform, called Forcefield, to market, and is in discussions with firms in the commodities industry and financial institutions.