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Daily Email 05-30-19
Bitcoin Diamond (BCD)
Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866 and there with a new chain BCD will be generated. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. It has a market cap of $60.9 million, a circulating supply of 560 million and has traded over $8.4 million in the past 24 hours according to CryptoSlate.com.
BCD/BTC is breaking out of a double bottom price pattern as it looks to retrace a significant amount of its prior trend. A potential target area is near the 61.8% Fib retracement level near 0.000215. A stop could potentially be placed below 0.000120.
News to Know
7 Major Signs Confirming the Bitcoin Bull Market is Back
Analysts like Tone Vays may be calling for a pullback but here are seven major indicators that the Bitcoin bull market is officially back.
What Is Bitcoin Cash and What Does it Mean in 2019?
All hail Bitcoin, the global peer-to-peer decentralized, digital currency system based on blockchain technology. Burgeoning in size and scope, Bitcoin now has its own form of currency capital: Bitcoin Cash. The new digital currency, created after an intra-crypto-family squabble, seeks to put Bitcoin on the same economic turf as major traditional global currencies like the dollar, yen and pound.
Fresh Altcoin Season Set to Begin with Litecoin’s Upcoming Halving
Cryptocurrency analysts are projecting an altcoin rally powered by the upcoming Litecoin halving slated for August 2019. Ahead of the halving, Litecoin has embarked on a bullish run. The entire market is closely tracking Litecoin to see its impact, especially on altcoins.
Fake News Within Chinese Social Media Circles Pumped Bitcoin SV
Following what appeared to be a “news alert”, the prices of Bitcoin SV surged 60 percent, thrusting prices to over $200 by yesterday’s close. The faked Chinese media outlet report sent the market into a BSV buying frenzy with the claim that Craig Wright, had allegedly transferred 50,000BTC from the Satoshi Nakamoto BTC wallet to Binance. Consequently, the news portrayed Craig as the real Satoshi.
Robinhood Using Crypto Trade Execution Services From Jump Trading
United States-based stock and crypto trading app Robinhood has reportedly been cooperating with Chicago trading firm Jump Trading LCC to execute crypto trades on behalf of its clients. Bloomberg reported on the matter on May 29, citing anonymous sources. Jump Trading — a small trading firm founded 20 years ago by Chicago futures pits veterans Bill DiSomma and Paul Gurinas — has ostensibly benefited from being an early mover on cryptocurrencies, Bloomberg’s sources have claimed. The firm is known to have made its foray into bitcoin (BTC) trading from at least as early as November 2017, Bloomberg reports.
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