The Dood Report

The Days Cryptocurrency News & Headlines

Nothing here is meant as investment or financial advice. Please seek a duly licensed professional for investment advice, not some guy on the internets who refers to himself as The Dood. Posted strictly as parody and personal opinion.

Bitcoin Chart

The Dood's watching this range between $7600 and $7949 real carefully. For the time being were stuck in this channel of support and resistance. I'll be much more comfortable seeing a candle rest above that $7949 level of resistance turned support. I'm really hoping the weekend trade volume pushes us up over that level of resistance and into the $8k range.

If we fall below the current level of support we could see a nice drop back down to the mid $6K range with a little possible support around the $7200 range. Be careful out there!

The Days Headlines

Ripple acquires Money Gram: FUD or news on its way to being confirmed? - https://ambcrypto.com/ripple-acquires-money-gram-fud-or-news-on-its-way-to-being-confirmed/

US Senate Confirms New CFTC Chair to Succeed ‘Crypto Dad’ Giancarlo https://www.coindesk.com/us-senate-confirms-new-cftc-chair-to-succeed-crypto-dad-giancarlo

ConsenSys Capital Co-Founder Departs to Bring Wall Street Money to Ethereum https://www.coindesk.com/consensys-capital-co-founder-departs-to-bring-wall-street-money-to-ethereum

4 Additional Notes Regarding Binance Issuing Stablecoins - The Merkle Hash https://nulltx.com/4-additional-notes-regarding-binance-issuing-stablecoins/

BITCOIN TWITTER INTEREST HIT 8-MONTH HIGH AS PRICE SURGED 60% https://bitcoinist.com/bitcoin-price-interest-twitter-8-month-high/

Ripple Branch Out To Swiss Lands To Encourage Further Institutional Investment https://cryptodaily.co.uk/2019/06/ripple-branch-out-to-swiss-lands-to-encourage-further-institutional-investment

Facebook All Set to Launch Foundation to Manage its Cryptocurrency Operations https://bitcoinexchangeguide.com/facebook-all-set-to-launch-foundation-to-manage-its-cryptocurrency-operations/

Coinbase CEO makes good on his 17-month promise https://ambcrypto.com/coinbase-ceo-makes-good-on-his-17-month-promise-batched-transactions-to-hit-exchange-in-coming-months/

Kik Could Lose $100 Million in the Latest Lawsuit https://blockpublisher.com/kik-could-lose-100-million-in-the-latest-lawsuit/

Big Brother Creator Suing Facebook over Fake Crypto Ads https://bitcoinnews.com/big-brother-creator-suing-facebook-over-fake-crypto-ads/

Fierce Bitcoin Critic Admits Crypto Assets Have a Role in Global Finance https://dailyhodl.com/2019/06/06/fierce-bitcoin-critic-admits-crypto-assets-have-a-role-in-global-finance/

Andreas Antonopoulos follows Binance CEO CZ’s lead https://ambcrypto.com/andreas-antonopoulos-follows-binance-ceo-czs-lead-turns-down-prospective-invite-to-sun-buffett-lunch/

Komodo Hacks Itself and Saves Crypto Worth $13M After Learning of Security Vulnerability https://cointelegraph.com/news/komodo-hacks-itself-and-saves-crypto-worth-13m-after-learning-of-security-vulnerability

Can Anyone Topple Ripple XRP? https://cryptodaily.co.uk/2019/04/can-anyone-topple-ripple-xrp

LocalBitcoin Loses Traders After Cash Trading Ban: 'Not Very Local' https://cointelegraph.com/news/localbitcoin-loses-traders-after-cash-trading-ban-not-very-local

DARPA-Funded Study Looks at How Crypto Chats Spread on Reddit https://www.coindesk.com/darpa-funded-study-looks-at-how-crypto-chats-spread-on-reddit

Margin Lenders Lost $13.5 Million in May to Poloniex Crypto Crash https://www.coindesk.com/margin-lenders-lost-13-5-million-in-may-to-poloniex-crypto-crash

US Congressman Seeks Tax Clarity for Cryptocurrencies https://cointelegraph.com/news/us-congressman-seeks-tax-clarity-for-cryptocurrencies

Research: Reddit Crypto-Related Discussion Volume Strongly Correlated to Price https://cointelegraph.com/news/research-reddit-crypto-related-discussion-volume-strongly-correlated-to-price

Cryptocurrencies’ bear market cleansed all the wrong players from the market, says Brock Pierce - https://ambcrypto.com/cryptocurrencies-bear-market-cleansed-all-the-wrong-players-from-the-market-says-brock-pierce/

Binance Confirms Stablecoin Offering Coming Soon: Report https://www.coindesk.com/binance-confirms-stablecoin-offerings-coming-soon-report

Cardano’s Charles Hoskinson expresses intention to create a Google, Facebook-like infrastructure to handle system loads - https://ambcrypto.com/cardanos-charles-hoskinson-expresses-intention-to-create-a-google-facebook-like-infrastructure-to-handle-system-loads/

MIT Professor Claims Blockchain Technology Is Not as Secure as Claimed https://cointelegraph.com/news/mit-professor-claims-blockchain-technology-is-not-as-secure-as-claimed

Blockstream Developers Alleged to Earn $850K Per Year https://news.bitcoin.com/blockstream-developers-alleged-to-earn-850k-per-year/

Franck Muller Introduces World’s First Functional Bitcoin Watch https://beincrypto.com/franck-muller-introduces-worlds-first-functional-bitcoin-watch/

US-China Trade War Could See Bitcoin at All-Time High in 6 Months https://bitcoinnews.com/us-china-trade-war-could-see-bitcoin-at-all-time-high-in-6-months/

PSA

Zcash holders are being urged to upgrade and there’s $15 million at stake https://decrypt.co/7303/zcash-holders-urged-upgrade

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Thanks for reading and happy trading!

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