Freakerz NEWSCAST 📮 18-10-2019


📮 18-10-2019

📈 MarketCap: $220 B

📊 24h Mcap %: -1.66%

⚠️ Bitcoin Dom: 65.0%

Active Coins: 2,515
24h Vol %: 0.88%
24h Vol: $48 B

  1. Qtum has gone though its first-ever hard fork today, unlocking major significant network improvements such as smart contract and block spacing. The number of blocks on Qtum blockchain has crossed the 466,000 mark, amounting to 466,621 at press time. The purpose of the hard fork is to upgrade the Qtum blockchain, not to produce a new coin. Users update to version 0.18.1 as soon as possible, noting that the new features have been enabled automatically as of block 466,600.
  2. Cryptocurrencies are recovering somewhat today, as we alluded to yesterday. While Bitcoin is still weak at slightly above $8,100, the altcoin thawing continues with a few outliers leading the way. The most impressive gain today is posted by Monero, currently at +10% and counting. Other notables include XRP’s +5%, as well as a +10-11% registered by Chainlink, BAT, Dogecoin, 0x and NEM.
  3. On Friday, the 18 millionth bitcoin will be mined. There will only be another 3 million left to dig up. Bitcoin diehards Anthony Pompliano celebrating and trying to get #3MillionLeft trending on Twitter. There are a host of reasons why increasing scarcity gives Bitcoin believers happy tingles. Central to this is the thesis of Bitcoin itself—the notion of “artificial scarcity.” Unlike state-backed, “fiat” currencies, Bitcoin was hardwired by its inventor, Satoshi Nakamoto, to be immune to inflation.
  4. It has been revealed that UNICEF will not be converting donated Bitcoin and Ethereum donations to fiat currency, likely to HODL them. The new pilot program is the first time the international agency will be accepting cryptocurrencies. The first donation made will reportedly come from the Ethereum Foundation which donated 1 BTC and 10,000 ETH to the cause. The pilot program will also be a collaboration with UNICEF USA, UNICEF Australia, UNICEF NZ, and UNICEF France.
  5. Cryptocurrency exchange KuCoin’s derivatives platform, KuMEX, is going to launch bitcoin monthly futures contracts in a “few weeks.” Michael Gan, founder and CEO of KuCoin, announced the news at the Blockchain Life 2019 Forum in Moscow, Russia. IDG Capital-backed KuCoin launched KuMEX in July, and already offers a bitcoin perpetual contract (XBTUSDM), which is quoted in U.S. dollars and offers up to 20 times leverage. Gan further noted that to increase retail participation, Exchanges will have to reduce the minimum bitcoin contract value limit.
  6. Dubai-based real estate giant Emaar Properties has released its new blockchain token-based referral and loyalty platform. Emaar, which developed the world’s tallest building, the Burj Khalifa, as well as the Dubai Mall, is planning to launch the EMR token for rewarding its customers. Based on JPMorgan’s blockchain platform Quorum, EMR tokens will be redeemable not only within Emaar’s real estate network, including hotels, ecommerce operations and malls, but also can be traded with other users.
  7. Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate cryptocurrencies or watch your monetary monopoly lose power. Sources at Bloomberg believe the IMF has finally understood that the shift from a bank-based system to a payment based system serves the public’s needs and gives them a variety of other benefits that a bank cannot. Digital currencies and payments seem to have hit a soft spot for domestic monetary bodies.
  8. Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC). The messaging platform filed a response to the securities regulator Wednesday, writing that the SEC’s emergency injunction last week was unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena. Telegram argued its upcoming gram token is not a security, and the SEC should not be able to force the company to produce documents or witnesses about its blockchain project.
  9. Bank of America(BofA), the second-largest bank in the U.S., has quietly tested out Ripple’s distributed ledger technology – and may be planning to do more with it. Ripple went so far as to identify BofA as a “customer” in a presentation given at a seminar held by the International Monetary Fund (IMF) late last year. When asked about this, a Ripple spokesperson neither confirmed nor denied whether BofA was a customer – but said the companies had conducted a pilot together.
  10. An impending death cross, a bearish but lagging indicator, suggests bitcoin could be nearing a major bottom. Bitcoin’s 50- and 200-day moving averages (MAs)look set to produce a death cross in the next week or two. Historical data shows the cryptocurrency could bottom out if the cross is confirmed. BTC may drop to support near $7,430 before then. A break above $8,820 is needed to invalidate the bearish lower-highs set up and confirm a bullish reversal.
  11. Cryptocurrency exchange Binance’s futures trading platform, Binance Futures, has just increased leverage up to 125 times from 20 times earlier. Binance said traders can now select any leverage from 1x to 125x for its bitcoin (BTC)/ tether (USDT) futures contracts. At the maximum leverage of 125x, a 100 USDT collateral deposit will allow users to hold 12,500 USDT in BTC. Binance CEO Changpeng Zhao “CZ” said that the move has been taken due to an increase in institutional participation.
  12. Computer scientist and general manager of WeWork South Africa, Stafford Masie, has said that Bitcoin (BTC) will change the future of humanity more than any other technological innovation. Formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever received technologically. Masie argued that while the crypto wallet is “misunderstood, misused, misrepresented and viewed as complicated,” it will revolutionize global trade.

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