DueDEX: What’s Happening in Crypto World Today? — Oct. 5th, 2019

in #bitcoin5 years ago

  1. Mainstream Currency Price as of 12:00 PM UTC from Coinbase Pro:
    · BTC — 8,099.73 USD
    · ETH — 174.57 USD
    · EOS — 2.954 USD
    · XRP —0.2522 USD

  2. The Fear & Greed Index: 31 — Fear

3 Crypto Updates:

• Chainalysis Adds ERC-20 Tokens to Its On-Demand Compliance Service
Blockchain analytics firm Chainalysis has announced the launch of its on-demand compliance and investigations software for several Ethereum (ETH)-based ERC-20 tokens.
The company announced in a press release published on Oct. 3 that its Know Your Transaction (KYT) tool now supports tokens such as Basic Attention Token (BAT), DAI, GoldX, Maker (MKR), OmiseGO (OMG) and 0x (ZRX).

• US Response to Facebook’s Libra Is ‘Ridiculous,’ says Coinbase CEO
Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States government to react to China’s stablecoin project by reconsidering its “ridiculous” response to Facebook’s Libra digital currency.

• Æternity Blockchain Brings ‘Liquid Democracy’ to Uruguay
Open source decentralized application (DApp)-focused blockchain Æternity will team up with the Uruguay Digital Party to optimize the country’s democratic processes and internal voting.
According to a press release shared with Cointelegraph on Oct. 3, the partnership aims to build a new system whereby Uruguay citizens and members of the Digital Party can participate in various political decisions in a transparent and decentralized manner.

• Hacker Returns Ethereum Domains Obtained in Auction Bug
The hacker who stole 17 Ethereum domain names during the Ethereum Name Service’s (ENS) auction decided to return them all.
On Oct. 4, digital-collectibles marketplace OpenSea said that all of the stolen ENS names were returned successfully and that bidding on domain names will restart again in the coming weeks.

4 Trader’s View:

• Cryptobuller from TradingView: BITCOIN - Bearish Mid-Term Scenario & Important Levels

This is a bearish mid-term scenario for the next months.
The overall trend is downwards. The Buy Zones are located at the most important levels.
We will possibly meet our long-term trendline at 4500.00 and bounce from there.

• Alanmasters from TradingView: Bitcoin's Next Move Short-Term ($7,700 or $9,200?)

Bitcoin ( BTCUSD ) has been moving lower short-term. The chart above is showing multiple bearish signals as follow:

• Trading below resistance in the form of EMAs (EMA10, 50 and EMA100).
• Bearish MACD and RSI .
• Increasing bear volume .

For this reason, we are short short-term.

The blue dashed lines are the targets for this drop .
The red dashed line is our stop-loss, remember that charts are always changing and direction can change easily, so we prepare for all scenarios.

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