The Daily Dimes: A CryptoNews Publish 06/28/18steemCreated with Sketch.

in #crypto-news6 years ago



  Why I am doing this daily report. 

 The research and reading I do everyday yields a surprisingly significant amount of information, providing an overview of sentiment, major news details, confluence factors, and insight into our cryptospace.    

Due to the encouragement of friends I decided to start making my personal blog, that I had been using to archive this information I aggregate, public.    
As a result I've found that by publishing I've been receiving support for the time and effort I spend formatting and sharing out this information.

  What is the Daily Dimes?  

The Daily Dimes is a publish where I post an aggregate of news information that I come across in the cryptospace every day.  There are two sections found below:  

  • A news bulletin section, where I cover brief descriptions of noteworthy news and developments with sources for further reading.   

-and-  

  • A trading report section, where I release signals and information from my paid memberships, private groups, and personal trades that I'm monitoring, as well as my own market analysis.  

Today

  • 6 Bulletins
  • 1 Trading Section Reports
  • 0 Updates



  • SEC is again seeking comments on bitcoin-based ETF, if successful this
    ETF (exchange traded fund) would "consist of Bitcoin help by the Trust utilizing a secure process" meaning that the ETF would be solely invested in Bitcoin for it's value.  
    This is likely another checkin on BTC's volatility and liquidity values, as the SEC has used these values in the past to help determine it's judgements to not list it yet as they weren't sufficiently high.  
    (among other value as well)
    Source


  • Facebook lifts ban on cryptocurrency ads, mostly.  You now have to be a pre-approved advertiser in order to promote a crypto project.  However ICO's are remaining prohibited.
    This comes admist rumors of FB creating a cryptocurrency project that it wants to release, and more rumors pointed at facebook aquiring Coinbase or a joint partnership possibly coming into play.  
    Either way the change in allowance of ads and marketing for crypto on facebook is bullish for the space.
    Source

  • Coinbase releases crypto charity program,  this is likely to help push adoption and is a marketing program being delivered as a charity program.  They intend to raise 10m by the end of 2018 and 1B by the end of 2020 and to create a fund from said proceeds.  The interest will be sued to give away to "emerging markets going through crisis" and to help reach the "billions of people who are locked out of the financial system".  
    Source

  • Homeland security ran a year long operation into the darknet drug and money laundering market,  the operation and resulting seizure was released.  They traced 20m in funds, and seized 3.6m in cash and a small stockpile of illicit materials (mostly drugs).  
    Source

  • Malta government approved 3 bills on blockchain tech for acceptance, the bills include
    the outlining of duties and responsibilities of the Authority role (a supervisor to regulatory precedents),
    a bill dealing with the registration and setting up of exchanges and associated service providers,
    and lastly a bill focusing on regulatory systems for dealing with ICO's.  
    Source

  • Coinbase to add support for GBP wires, this will be implimented over the next few weeks and will proide a faster payment option for UK customers.  The current % of BTC/GBP transactions made is about 6% this is highly assumed to be due to the lack of ability to quickly handle in out and transactions onto the coinbase platform.   Source




    Trading Section


  • BTC Macro:  Trying to get a good sense of the big picture we can see what happened last, and what's happening now.  Ultimately it looks like we're in a situation where BTC wants to retest it's last long term trend line
    Indicated in both charts below by the long sloped lines moving across the entire chart.
    However fundamentally speaking I'm not certain it will continue to drop lower than it is now.


    These lines represent the top and bottom of the last channel that were broken out of early-mid 2017.
    The top of this channel is likely our next major strongest support with the bottom line of the channel being the 'we can without a doubt count on this support'.  For the month of July these ranges are
    'Top" 4100 - 4600  & "Bottom" 2600 - 2900.  


    What happened last was a break downward out of a pennant that formed on the BTCUSD weekly.




    And what is happening now is we're looking to retest a range between 5k and 6k looking for our next level of support. (Note the two horizontal lines indicating a support range)  




    Thank you for taking the time to read.  
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