Daily Email 05-21-19

Coin Profits Daily

Bitcoin SV (BSV)

Bitcoin SV is a full-node implementation for Bitcoin Cash (BCH). Reflecting its mission to fulfill the vision of Bitcoin, the project name represents the “Satoshi Vision” or SV. It has a market cap of $1.8 billion, a circulating supply of 17.7 million and has traded over $452.9 million in the past 24 hours according to CryptoSlate.com.

BSV/BTC is breaking out of its downward sloping channel that it’s been trading in since mid-April. A close above the 61.8% Fib retracement level near 0.0134500 is an indication of a full retracement back to the April high at 0.0172500. A potential stop could be placed below the 50% Fib at 0.0122850.

News to Know

Facebook Eyes Payments Market with New Swiss Fintech
Reuters reports that the social network company Facebook – currently used by more than two billion people worldwide – registered Libra Networks in Geneva, with Facebook Global Holdings as stakeholder. The register reportedly reveals that the company will provide financial and technology services and develop related hardware and software, focusing on “investing, payments, financing, identity management, analytics, big data, blockchain and other technologies”.

Craig Wright Attempts to Copyright the Satoshi White Paper and Bitcoin Code
Craig Wright, the self-proclaimed creator of bitcoin, has filed registrations with the U.S. Copyright Office supporting his claims of authorship over the original bitcoin code and the Satoshi white paper. The registrations, which are visible here and here, pertain specifically to “Bitcoin: A Peer-to-Peer Electronic Cash System” and “Bitcoin,” meaning the original 2009 code.

What is the Role of Blockchain in IoT?
The Internet of Things (IoT) is transforming the IT industry and could have a major impact on all our lives. When it first appeared, everyone asked – “Is it real or just hype?” We are now asking exactly the same question about blockchain.

Faster Firefox 67 Blocks Fingerprinting, Crypto-Naughtiness
A year and a half after introducing its first Quantum-branded version of Firefox, Mozilla is still working to speed up its web browser. The new Firefox 67, released Tuesday, concentrates its attention on important parts of website code, speeding up Instagram, Amazon and Google by 40% to 80%, the nonprofit said. It also puts background tabs on hold when you have less than 400MB of free memory to try to avoid slowdowns.

U.S. SEC Needs More Time to Consider VanEck Bitcoin ETF Proposal, Invites Comments
The U.S. Securities and Exchange Commission (SEC) announced on Monday (May 20) that it needed more time to consider the VanEck–SolidX Bitcoin ETF proposal. This delay also gives interested parties more time to comment on the proposal and address the SEC’s main concerns. On 30 January 2019, Cboe BZX Exchange (“BZX”) filed with the SEC a proposed rule change to list/trade shares of “SolidX Bitcoin Shares”, which would be issued by the VanEck SolidX Bitcoin Trust.