Crypto Brief Nov.16: Bitcoin Price Risks Dumping to $ 7.300 Plus Ripple, DAI, Chainlink, Nervos, Tron, Bittrex, Unknown Fund, Cubobit, Gemini, Amero-Isatek, Blockchain News

From prediction that Bitcoin price may dump down to $ 7.300 to Huobi Global will list Nervos on its trading platform. These are some outstanding news in the world of crypto today.

Bitcoin News

A recent prediction by veteran trader, Elixium, warns that Bitcoin can face another price collapse. This time, the target price is $ 7,300 if the bulls fail to push prices higher from the current levels.

Bitcoin’s performance in the first half of 2019 has brought a lot of optimism to investors after the cryptocurrency winter in late 2018. Bitcoin price finally peaked in July at $ 13,800, which corresponds to an increase of $ 10,000 from the beginning of the year.

However, after peaking in July, the price of Bitcoin mainly continued to make lower highs. The price saw a decline of $ 1,000, sometimes more, sometimes less, but could not be denied the performance of the coin over the past five months.

The current Bitcoin market is quite gloomy, especially when the coin is currently below 200 EMA & SMA. There is an absolute consistency when prices fall from its peak, though occasionally spike. This suggests that in the long-term trend, bears still retain control of the market.

Bitcoin is currently below the 200 EMA & SMA.
If it closes the daily like this then there’s a huge risk that it will dump down to $7,300.

? https://t.co/KsOfAi7Nzz ?#Crypto #Cryptocurrency #Bitcoin #Blockchain #Ethereum pic.twitter.com/WxUTLmlQq7

— Elixium (@ElixiumCrypto) November 15, 2019

Traders can earn big profits when investing in Bitcoin

An analyst at the crypto data firm Glassnode says that a chart of Bitcoin’s average spent output lifespan (ASOL) shows Bitcoin that has been dormant for as long as 250 days is now being moved. He suggested that crypto traders are currently taking profits at a higher rate than at any other point in 2019.

According to Rafael Schultze-Kraft, the spike is a sign that traders may be moving their BTC to exchanges in order to cash out.

There is a huge spike in the Average Spent Output Lifespan (ASOL) for #Bitcoin today.

It’s the highest we’ve seen this year. On the hourly chart, bitcoins as old as 250 days are being moved. This corresponds to mid March when the price was at ~$4,000. Profit taking here? pic.twitter.com/PYU4ToNUzV

— Rafael Schultze-Kraft (@n3ocortex) November 15, 2019

Daily analyst Josh Rager says BTC will need to stay above $8.325 in order to prevent a larger bearish trend.

$BTC Update

Bounce off of $8,370s, this area acted as resistance for during the previous range (outside the fake-out pump in early Oct)

This area needs to hold, a weekly close below $8,235, imo, would lead to more downside

Currently, every time frame under monthly looks ugly pic.twitter.com/WPri5cDzLM

— Josh Rager ? (@Josh_Rager) November 15, 2019

Bitcoin ATM installations number reached 6000 worldwide

Coin ATM Radar announced that the number of Bitcoin ATMs installed has reached 6000 milestones worldwide. This shows that Bitcoin is being used more and is a good signal for the cryptocurrency market in general.

.@PayPal dropped payments support for @Pornhub. There are at least 6000 reasons to not care. #Bitcoin ATM installations number reached another round milestone – 6000 worldwide!! ??? Find all locations: https://t.co/PYxwqx33TN pic.twitter.com/KYp3M1nLzm

— Coin ATM Radar ₿? (@CoinATMRadar) 16 tháng 11, 2019

Ripple News

SBI Ripple Asia has just confirmed that it will be working with SBI Remit and Vietnam’s TPBank to launched the first remittance service between Japan and Vietnam. The partnership will enable near-instant, low-cost payments using the distributed ledger technology and collaboration between Ripple Labs and SBI Holdings, RippleNet.

November 15, 2019.

SBI Ripple Asia, SBI Remit and TPBank (Vietnam) announced the start of the first Japan-Vietnam remittance service using #RippleNet.

“We will also develop remittance
services that incorporates crypto in the future” —@yoshitaka_kitaohttps://t.co/qOgpLMhwRU pic.twitter.com/qIL49qcFYH

— XRP Research Center (@XrpCenter) November 15, 2019

DAI News

Whale Alert announced that 101,855,127 DAI (about US $ 103,205,831) was minted at unknown wallet.

? ? ? ? ? ? ? ? ? ? 101,855,127 #DAI (103,205,831 USD) minted at unknown wallet

Tx: https://t.co/acBwMOJoln

— Whale Alert (@whale_alert) November 16, 2019

Chainlink News

Chainlink announced that CLC Group, Honeycomb API Marketplace will be a node in the ETH/USD price reference data oracle network. This further increases the security and decentralized reliability for the most common price reference oracle in the DeFi ecosystem.

The Honeycomb API Marketplace provides advanced API data for smart contract developers through the Chainlink network. The company serves this data over a number of Chainlink nodes connected to a large number of external adapters.

We’re excited that @clcgio will be a node in the ETH/USD price reference data oracle network. This brings further decentralized security and reliability to the most common price reference oracle in the #DeFi ecosystem. https://t.co/1CAppOQESu

— Chainlink – Official Channel (@chainlink) November 15, 2019

Nervos News

The Nervos CKB main net Lina had its mainnet go live. The project is attempting to solve the scalability issues faced by proof-of-work blockchains such as Bitcoin because of its relatively high transaction fees and limited throughput. Nervos also claims that it will extend the capabilities of a pure transaction cryptocurrency by building smart contracts and layer 2 scalings.

“As Lina matures, Nervos will grow into the multi-layer, PoW blockchain that can truly scale and serve as the foundation for the decentralized economy”.

Huobi Global will list Nervos on its trading platform

The exchange announced that NERVOS will be launched on Huobi Global on November 16, 2019 (GMT+8). Deposits will be available from 12:30, November 16, 2019 (GMT+8). CKB/USDT, CKB/BTC, and CKB/HT trading will be active from 16:00, November 16, 2019 (GMT+8) and withdrawals will be available from 14:30, November 18, 2019 (GMT+8).

Nervos(CKB) will have a premiere listing on Huobi on November 16. Nervos Network has closed its public sale recently on Coinlist platform. The total amount raised in public and private sale is $97M USD.https://t.co/8SFYnaeZnH pic.twitter.com/OSAgmUQNs5

— ICO Analytics (@ICO_Analytics) November 14, 2019

The Nervos Network is a collection of protocols and a public blockchain ecosystem aiming to solve the biggest challenges facing blockchains like Bitcoin and Ethereum today.

The Nervos CKB (Common Knowledge Base) is layer 1, proof of work public blockchain protocol of the Nervos Network. It allows any crypto-asset to be stored with the security, immutability and permissionless nature of Bitcoin while enabling smart contracts, layer 2 scaling and captures the total network value through its “store of value” crypto-economic design and native token, the CKByte.

TRON News

John McAfee has finally delivered on his recent promise – Tron blockchain and all Tron-based coins, along with TRX, have been integrated with McAfeeDEX.

In his recent tweet, McAfee apologizes for a week’s delay and prevented the Tron integration earlier. The developer responsible has been ‘punished’ as per the Twitter post.

TRON IS LIVE ON https://t.co/uldZobzsGO🙂

Sorry for the week delay. We have disciplined the developer responsible. We are making him write: “I don’t ever want to waterboarded again” 200 times on the chalk board:)

— John McAfee (@officialmcafee) November 16, 2019

Bittrex News

On its official Twitter, Bittrex announced that it will support the November protocol upgrade for Monero on November 30, 2019.

This upgrade will improve privacy and prevent specialized mining hardware from dominating the network. Before the hard fork, the depositing and withdrawing will be closed at 1:00 PM PST on November 20, 2019 (9:00 PM UTC on November 20, 2019). Bittrex will reactivate the XMR wallet when the upgrade is completed.

Bittrex will be supporting the November protocol upgrade for Monero ($XMR). Learn more: https://t.co/Rj3YZoKxJf pic.twitter.com/FD1KTaCqua

— Bittrex (@BittrexExchange) November 16, 2019

Unknown funds News

Unknown Fund – organized by an anonymous group (Anonymous), is planning to invest and donate $ 75 million in bitcoin startups operating in the fields of “protecting personal data, public online anonymity tools, cryptocurrencies and blockchain” to enhance human privacy.

This is just the beginning of a campaign to protect human privacy, the next plans will be announced later. “We will continue to fight as much as possible to achieve our goals,” Anonymous stated.

venture altruism is beginning… funding the tools for the resistance ❤️

love this idea behind the unknown fund https://t.co/g792JwtmfO

— Meltem Demirors (@Melt_Dem) November 14, 2019

Cubobit News

This week, Cubobit, a Mexican cryptocurrency exchange has debuted RemeZaZa, a new Dash-exclusive remittance service that enables users to send remittances to Mexico in minutes. According to Amir Manzur Escobar, CEO and co-founder of Cubobit, InstantSend makes Dash become an ideal tool for sending near-instant remittances:

“We are incredibly excited to be able to help Mexican recipients simplify their remittance deliveries with the launch of the RemeZaZa.com platform. The Dash blockchain’s instant global transactions, instant re-spending capability, and ease of use make it the ideal tool for automating global payments. Using Dash we are now able to receive remittances in Dash, exchange them to Mexican pesos, and deposit to the beneficiary’s account almost instantly.”

@dash_mexico is extremely exited to announce our collaboration with @cubobit to help launch the new remittance platform @RemezazaMX ! The new Mexican remittance delivery platform based on the $Dash blockchain. @dashpay https://t.co/9rjEQmhuTS

— Roel Castaño (@rcastano) November 15, 2019

Gemini News

Sarah Olsen, a managing director at Gemini has left the cryptocurrency exchange, according to familiar sources.

Olsen had been with Gemini since 2017, as the head of business development and the managing director of corporate development. While at Gemini, Olsen was involved in the exchange’s efforts to push its stablecoin Gemini dollar. In Oct. 2018, Olsen published a paper on stablecoins, in which she praised GUSD’s compliance status with the New York State Department of Financial Services as “paramount” in mitigating the counterparty risk.

Business development exec involved with Gemini stablecoin exits

Sarah Olsen, a managing director at Gemini who played a role in the exchange’s stablecoin effort…

Read More: https://t.co/bBDLyiSuaK#Gemini #Stablecoin #Crypto #Blockchain #Exchange pic.twitter.com/zQStV0BSe2

— TokenSquare (@TokenSquare) November 16, 2019

Amero-Isatek News

The Amero-Isatek exchange has made the largest ever land purchase with cryptocurrency. The total transaction is about 280 million USD and is paid with their virtual currency, Ameros.

Amero-Isatek has made significant strides in the Mexican cryptocurrency market this year. The company plans to open its first exchange in Nuevo Leon, Monterrey, and also plans to open seven more nationwide. This is the bold move that Amero-Isatek is betting, with about 800,000 cryptocurrency users in Mexico alone.

Blockchain News

According to a press release published today, IBM will be working with VetBloom, Ethos Veterinary Health’s digital learning ecosystem. They are going to create a blockchain system of credentials for the animal care industry. Blockchain technology will provide an immutable, tamper-proof record of a practitioners’ credentials.

Already working with VetBloom and IBM on this project are some leading names from the US veterinary industry, such as the Association of American Veterinary Medical Colleges (AAVMC), the International Council for Veterinary Assessment (ICVA), and the American Animal Hospital Association (AAHA). More names are expected to be announced this week.

Other News

The Royal Bank of Canada May Launch a Crypto Exchange

According to the report of Zane Schwartz on November 11, the largest bank in Canada by market capitalization, Royal Bank of Canada (RBC), is reportedly opening a cryptocurrency exchange which could be used to bring digital currency trading to the bank’s 16 million clients. If the crypto trading platform comes to fruition then the Canadian bank will be the first financial institution in the country to offer such services.

The bank will give customers the ability to invest and trade cryptocurrencies like BTC and ETH. The report also reveals RBC is interested in creating funds with a basket of digital currencies as well. “The bank is also looking into letting customers open bank accounts containing cryptocurrency,” Schwartz wrote.

The 2019 National Proceeds of Crime Conference (NPOCC) aimed to address topics about cryptocurrency

The 2019 National Proceeds of Crime Conference (NPOCC) held in Brisbane, Australia from November 13-15 addressed “Globalisation and Digitisation of the Criminal Economy,” and featured 200+ delegates hearing from representatives of organizations such as the Australian Federal Police, Singapore and New Zealand police, United States Department of Justice, and the Australian Criminal Intelligence Commission. The conference set out to address how to capture, control and face the challenges of law enforcement on darknet and cryptocurrency like bitcoin.

The international conference aimed to address such topics as “the Darknet, trends in money laundering, collaboration in investigations; evidence collection and the monetization of cybercrime” focused on how relevant organizations respond to crime with cryptography and digital assets like bitcoin.

China’s central bank ordered to investigate the cryptocurrency operations in Shanghai

According to the announcement on Nov. 14, issued by the People’s Bank of China (PBOC) and Shanghai Municipal Financial Regulatory Bureau, the two agencies ordered the district administrative offices in Shanghai to regulate. investigate cryptocurrency-related activities in the city and end the investigation on Nov. 22.

The target of this investigation is businesses that conduct cryptocurrency trading transactions, token sale and overseas token ICO services. Once identified, these companies will be reported to the PBOC and Financial Regulatory Bureau. Then, they will have to close their businesses.

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Jason