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💎💎💎24H News Roundup Feb 5: Russia May Roll Out Crypto Laws As Early As March[Policy]1. Per China's "№1 central document" for 2020, the country will carry out digital rural pilot projects, and accelerate the application of modern technologies such as the IoT, big data, blockchain, AI, and 5G in the agriculture;2. Russia's parliament, the State Duma, could pass its long-awaited crypto laws as early as March, according to Anatoly Aksakov, the chairman of the Duma's financial committee;3. The U.S. Federal Reserve is looking at the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said.[Cryptocurrency]1. Ripple shares a new partnership with International Money Express, Inc. (Intermex) to let the latter leverage RippleNet for faster, transparent cross-border remittance services between the United States and Mexico;2. The Ethereum 2.0 testnet can now run on smartphones with the Android system, and the deposit contract for Ethereum 2.0 is hopefully to launch this spring.[Exchange & Wallet]1. LINE-owned BitMEX now supports deposits and withdrawals of bank accounts.[Others]1. BitPay is beginning a phased roll-out to allow any Bitcoin wallet to be able to settle BitPay generated invoices;2. Venture arms for Salesforce and Samsung participated in a second Series C funding event for a startup called Digital Asset;3. Telegram revealed details of Telegram Open Network's consensus mechanism, named Catchain.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/24h-news-roundup-feb-5-russia-may-roll-out-crypto-laws-as-early-as-march-cbb08550d0a2
💎💎💎CoinNess Analysis: Today's Market Is Likely To Go BearishThis morning (Feb 6), the crypto market has seen more money outflow instead of inflowing. The best performers for positive net inflows are all altcoins with small market caps. And the №1 (BTC) only enjoys an inflow of $2,000,000. Comparatively, its peer for net outflows hits a whopping $23,000,000 and all the top outflowers are with big market caps. Judging from the inflow & outflow status, today's market is likely to go bearish.In yesterday's analysis, BTC is predicted to fluctuate in a triangle formed by the uptrend line and the $9,500 horizontal pressure line. Last night, BTC broke the aforementioned pressure line but with very limited space. The closing price of yesterday was almost the same as the peaking point of Feb 3, proving that BTC's breakthrough has very little influence. That is to say, a decision of covering long positions seems too early for the moment.BCH broke the resistance area above $400 yesterday. Covering long positions is feasible as long as it retraces to the upper end of the resistance area. As BCH leads this round of bullish trend, its ability to break the resistance area also indicates that major cryptos still have a chance to further the bullish trend.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/coinness-analysis-todays-market-is-likely-to-go-bearish-72febf88b5c2
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💎💎💎24H News Roundup Feb 5: Russia May Roll Out Crypto Laws As Early As March[Policy]1. Per China's "№1 central document" for 2020, the country will carry out digital rural pilot projects, and accelerate the application of modern technologies such as the IoT, big data, blockchain, AI, and 5G in the agriculture;2. Russia's parliament, the State Duma, could pass its long-awaited crypto laws as early as March, according to Anatoly Aksakov, the chairman of the Duma's financial committee;3. The U.S. Federal Reserve is looking at the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said.[Cryptocurrency]1. Ripple shares a new partnership with International Money Express, Inc. (Intermex) to let the latter leverage RippleNet for faster, transparent cross-border remittance services between the United States and Mexico;2. The Ethereum 2.0 testnet can now run on smartphones with the Android system, and the deposit contract for Ethereum 2.0 is hopefully to launch this spring.[Exchange & Wallet]1. LINE-owned BitMEX now supports deposits and withdrawals of bank accounts.[Others]1. BitPay is beginning a phased roll-out to allow any Bitcoin wallet to be able to settle BitPay generated invoices;2. Venture arms for Salesforce and Samsung participated in a second Series C funding event for a startup called Digital Asset;3. Telegram revealed details of Telegram Open Network's consensus mechanism, named Catchain.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/24h-news-roundup-feb-5-russia-may-roll-out-crypto-laws-as-early-as-march-cbb08550d0a2
💎💎💎CoinNess Analysis: Today's Market Is Likely To Go BearishThis morning (Feb 6), the crypto market has seen more money outflow instead of inflowing. The best performers for positive net inflows are all altcoins with small market caps. And the №1 (BTC) only enjoys an inflow of $2,000,000. Comparatively, its peer for net outflows hits a whopping $23,000,000 and all the top outflowers are with big market caps. Judging from the inflow & outflow status, today's market is likely to go bearish.In yesterday's analysis, BTC is predicted to fluctuate in a triangle formed by the uptrend line and the $9,500 horizontal pressure line. Last night, BTC broke the aforementioned pressure line but with very limited space. The closing price of yesterday was almost the same as the peaking point of Feb 3, proving that BTC's breakthrough has very little influence. That is to say, a decision of covering long positions seems too early for the moment.BCH broke the resistance area above $400 yesterday. Covering long positions is feasible as long as it retraces to the upper end of the resistance area. As BCH leads this round of bullish trend, its ability to break the resistance area also indicates that major cryptos still have a chance to further the bullish trend.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/coinness-analysis-todays-market-is-likely-to-go-bearish-72febf88b5c2
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💎💎💎24H News Roundup Feb 6: Justin Sun And Warren Buffett Met For Dinner On Jan 23[Policy]1. Germany's Financial Supervisory Authority (BaFin) is clarifying how the country's new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market;2. The Ugandan Ministry of Finance has once again issued a warning about investing in crypto-assets, over concerns of rising Ponzi and pyramid schemes;3. Masai Takako, a member of the Bank of Japan Policy Board, claimed recently that the central bank of Japan does not have any plan to issue a central bank backed digital currency (CBDC);4. The U.S. Air Force (USAF) is planning to test a blockchain-based graph database that will allow it to share documents internally as well as throughout the various branches of the Department of Defense and allied governments.[Cryptocurrency]1. The ETC Phoenix Day has been delayed until June 10, 2020.[Exchange & Wallet]1. Binance's Margin Trading platform has added BNB/BUSD and ETH/BUSD trading pairs.[Others]1. The central banks of the U.K., Switzerland, Sweden, Canada and Japan as well as the European Central Bank and the Bank for International Settlements in mid-April will hold their first meeting on developing their own digital currencies;2. Justin Sun met Warren Buffett, the chairman and CEO of Berkshire Hathaway, for dinner on Jan 23.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/24h-news-roundup-feb-6-justin-sun-and-warren-buffett-met-for-dinner-on-jan-23-d0deb7415f20
💎💎💎CoinNess Analysis: Bitcoin Shows Potential To Rise To $11500As reported by CoinNess.com earlier, ETH has topped the list of net cap inflows in the first two hours of Feb 7 (UTC) with the cap marking $22.42 million, which significantly overrun the figures of net cap outflows. Therefore, the market trends intend to be bullish by judging from the cap flows.With respect to the short-term trading, it is advisable for investors to enter the market if the Bitcoin (BTC) price could retraced to the area near $9,500. However, the price range within the purple frame (see the chart below) will release the pressure, indicating that investors should keep a watchful eye on the buying in or opening positions. Little resistance may appear for BTC to further climb to $11,500 if the Bitcoin bulls could drive the king coin to break through the aforementioned area.According to the IG Client Sentiment, the proportion of long positions increased by 0.6%, and that of short ones decreased by 1.09% compared with those of the previous day. On the contrary, the proportion of long ones down 5.94% within the period of past seven days, and that of short ones slightly up 0.74%. Going from the opposite of most investors' sentiment, the shorts get the upper hand in a shorter term, while the longs are in a dominant position in a longer term. Hence, the IG delivered a mixed signal for investors. In general, BTC may experience a correction phase in the short run, but retains a bullish momentum on the weekly chart, however.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/coinness-analysis-bitcoin-shows-potential-to-rise-to-11500-b9b09aa24acd
💎💎💎24H News Roundup Feb 6: Justin Sun And Warren Buffett Met For Dinner On Jan 23[Policy]1. Germany's Financial Supervisory Authority (BaFin) is clarifying how the country's new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market;2. The Ugandan Ministry of Finance has once again issued a warning about investing in crypto-assets, over concerns of rising Ponzi and pyramid schemes;3. Masai Takako, a member of the Bank of Japan Policy Board, claimed recently that the central bank of Japan does not have any plan to issue a central bank backed digital currency (CBDC);4. The U.S. Air Force (USAF) is planning to test a blockchain-based graph database that will allow it to share documents internally as well as throughout the various branches of the Department of Defense and allied governments.[Cryptocurrency]1. The ETC Phoenix Day has been delayed until June 10, 2020.[Exchange & Wallet]1. Binance's Margin Trading platform has added BNB/BUSD and ETH/BUSD trading pairs.[Others]1. The central banks of the U.K., Switzerland, Sweden, Canada and Japan as well as the European Central Bank and the Bank for International Settlements in mid-April will hold their first meeting on developing their own digital currencies;2. Justin Sun met Warren Buffett, the chairman and CEO of Berkshire Hathaway, for dinner on Jan 23.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/24h-news-roundup-feb-6-justin-sun-and-warren-buffett-met-for-dinner-on-jan-23-d0deb7415f20
💎💎💎CoinNess Analysis: Bitcoin Shows Potential To Rise To $11500As reported by CoinNess.com earlier, ETH has topped the list of net cap inflows in the first two hours of Feb 7 (UTC) with the cap marking $22.42 million, which significantly overrun the figures of net cap outflows. Therefore, the market trends intend to be bullish by judging from the cap flows.With respect to the short-term trading, it is advisable for investors to enter the market if the Bitcoin (BTC) price could retraced to the area near $9,500. However, the price range within the purple frame (see the chart below) will release the pressure, indicating that investors should keep a watchful eye on the buying in or opening positions. Little resistance may appear for BTC to further climb to $11,500 if the Bitcoin bulls could drive the king coin to break through the aforementioned area.According to the IG Client Sentiment, the proportion of long positions increased by 0.6%, and that of short ones decreased by 1.09% compared with those of the previous day. On the contrary, the proportion of long ones down 5.94% within the period of past seven days, and that of short ones slightly up 0.74%. Going from the opposite of most investors' sentiment, the shorts get the upper hand in a shorter term, while the longs are in a dominant position in a longer term. Hence, the IG delivered a mixed signal for investors. In general, BTC may experience a correction phase in the short run, but retains a bullish momentum on the weekly chart, however.💰💰Install app+share news+invite new friends, you can get more than 3000CNNS=18$! 👍👍👍Download from here: http://m.coinness.com/en-gb/download-content?channelCode=01https://medium.com/@coinness/coinness-analysis-bitcoin-shows-potential-to-rise-to-11500-b9b09aa24acd