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Weekly BulletinHello folks, What a week we've had. Plenty of seemingly important things to mention. Coinbase listed XRP, Jihan Wu might be leaving Bitmain, and Facebook is planning on launching their stablecoin in H1 2019. Let's jump into it. Facebook to launch its stablecoin in H1 2019Facebook is looking to launch its coin for WhatsApp sometime in the first half of 2019. There are rumors that Facebook is already in talks with several exchanges, suggesting that they're probably someway far along with development.
The only thing I want to mention here is the thing most of us don't care about. Currency controls. Americans (and some Europeans) are privileged enough that we don't care about currency controls. If you ever get a chance to, ask a Venezuelan (or a Greek, or an Argentinian, etc..) if they care about currency controls. TL;DR - Facebook coin will make XRP look decentralized.Coinbase and their surveillance companyRemember how last week I brought to your attention that Coinbase acquired a surveillance company? And that their CEO was the ex-COO of a company that sold offensive intrusion and surveillance capabilities to governments, law enforcement agencies and corporations? Yeah, so… Coinbase gave us a great reason as to why they needed to buy Neutrino, that is, because their previous provider was selling client data to outside sources. Director of Institutional Sales at Coinbase praising Neutrino's "best-in-class technology" and saying that they needed to migrate to another "provider" because their previous one was "selling client data to outside sources." (1:25) h/t @BTCismoney This is interesting. I don't think Coinbase has previously disclosed the selling of customer's data. And selling customers data and not disclosing the leak afterwards is a bigger problem. Here are some tweets. >Your face Market SentimentTechnicalsBitcoin (Monthly Overview)Looks like we're seeing our first green monthly candle in half a year. I mentioned in last weeks Market Update letter (subscribers only) that we should start paying attention to the TD Sequential. For the next monthly candle to close as a red 8, we need to finish the month with a price below the close of the previous red 4 (around 3,970). Bitcoin (Daily Overview)I'm keeping an eye on this macro-trend line. Bitcoin (Monthly Support/Resistance Levels)Bitcoin (Weekly Support/Resistance Levels)Bitcoin (4h Volume)Bitcoin (Macro Overview)Below are the 3 most common bottom scenarios.
As of March 3, 2019 my confidence level are: A bottom between 1,700 and 2,600 = about 70%. Recommended ReadingsMarkets Are Eating The WorldA monster of a read from Taylor Pearson.
You can read the article here. The endWhat do you folks think? Continue the discussion in our Telegram group. That's all for now. See you later space Cowboy -Dmitriy You're on the free list for CoinSheet. For the full experience, become a paying subscriber. |
Sunday, March 3, 2019
Weekly Bulletin (Mar 3, 2019)
Elastos Weekly Updates —1 March 2019
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