📊Crypto Weekly News Review 📊 7/29/18 - Live Bitcoin & Cryptocurrency News
happy Sunday everybody welcome to the stream we're gonna talk about the crypto
weekly news review all right today is July 29th we're gonna talk
about everything that happened this week there's been tons of great news crazy
news bad news awesome news lots of news alright so yeah I'd like to start off by
first saying I hope you haven't a you're a great weekend so far and if this
information is helpful to you and you enjoy the content please like subscribe
bell for notifications comment share all of that is very much appreciated and
helps the help support the channel what's going on d marchello good morning
good morning or good afternoon or evening wherever it is for you so yeah
we're just gonna go over what is going on quick we'll take a look at Bitcoin
real quick it's been an interesting week for sure
alright so we started the week off with a nice well actually it continued to run
up alright we've seen a three percent rise I'd say somewhere around there and
then it died it basically plummeted for it for a quick minute and yeah it was
about a 3% drop and then we had a nice run up for a about a day and a half or
so yeah about a day and a half of 9.7% before it relaxed and kind of went
sideways for a few hours and then we've seen a really nice run up of about 2%
and then that's where it kind of topped off at around the $8,500 mark after that
we've seen another drop of two a little over to 2%
and then the big scare came where we had thought that you know was gonna I know a
lot of people thought I was going to drop even more but I believe this was
the ETF I think people might have panicked I think that was the ETF denial
from the Winklevoss twins and so after that we did see a nice rebound of almost
6% and that's pretty much gone sideways since then up and down fluctuating about
a hundred to two hundred dollars three hundred dollars now as far as the
Bitcoin dominance we have seen a nice rise in the Bitcoin dominance so that
has been very you know nice and exciting to see unfortunately that means that all
coins have died down okay you can look here is other which covers pretty much
everything else other than what you see here on this list alright but yeah you
know the rest of the alt coins have taken a hit there has been a small
increase but at the same time overall Bitcoin dominance is still at a high you
know that equals back to somewhere around the December area so good to see
for the big Bitcoin maximalist not so great for the all corners I'm coming in
the middle somewhere so you know it does hurt to see my alt coins you know take a
toll take a hit that's it's not too it's not too too good but what can you do you
know other than that some of the mid cap winners a below billion dollar market
cap we have chain-link at 53 percent mithril at 28 by box token at 24 Bitcoin
gold did really nice we have iOS T which heads up I
Westie was a pretty simple airdrop just so you know like it was I literally got
those coins for free 68 of them I believe it was so keep an eye on those
air drops you know especially if you're not a Bitcoin millionaire if you're just
a regular guy you know take a look at those you know and if you have the time
take a look at those air drops because what I what I got equal to like a
hundred forty dollars worth of free with the free cryptocurrency from iOS t now
obviously some of them aren't going to be all that great but some of them hey
you never know right just huddle says marchello just title I like it so we got
crypto next we got Z cash at 11 so the last seven days have been very good to
some coins and then let's take a look at some of the losers for the last seven
days we got Bitcoin diamond Wan chain mo AK
Power ledger GX chain not doing so great auger down 10% in the last seven days
and then let's see if we can get the big caps to show up yeah so for the big cap
that means a billion dollar market cap and over
we got V chain coming in crushing it at 43% one of my viewers actually told me
about it too so and I didn't go in but it's okay you know that sometimes you
can make move sometimes you can't I don't have a massive amount of crypto I
can throw around to dump into different programs right now although I did go in
on some tron I'm mocking Ally I'm not gonna talk too much about Tron but what
I'm saying right now is I have the same feeling about Tron and the same
intuition and the same amount of research that I had at AO s when I
bought in at 60 cents so that feeling that I had I couldn't turn it down you
know it was just a feeling of this is gonna be big
I believe in it and I think that this is gonna take the world by storm to a
certain degree so I bought Tron anyways moving on other than that let's
talk about some of the new that you might have missed now if you've
been up on the news all the time some of this is gonna be old news right
but coinbase okay so coinbase concluded there was no insider trading they it was
a voluntary you know voluntary investigation okay there was no outside
sources involved no third parties but yeah so they reportedly concluded that
no insider trading of Bitcoin cash took place I don't believe it it seemed
really messy maybe they did maybe they didn't this says we would not hesitate
to terminate employee or contractor and/or take appropriate legal action if
evidence showed our policies were violated we can report that the
voluntary independent internal investigation has come to a close and we
have determined to take no disciplinary action disciplinary actions yeah about
that moving on gibraltar stock exchange
platform opens this is pretty significant because Gibraltar has a lot
of pull out there all right so UK overseas territory of Gibraltar listed
launched a Gibraltar black chain exchange gvx on July 23rd press release
confirmed opening cryptocurrency trading right now they have btc-e theorem and
its own R K T token so we'll see what happens with that I'll be staying up to
date on that to find out how that exchange is doing next up the bat
article stating US investors not biting on Bitcoin but many intrigued I call BS
there have been shown a influx of US investors biting like volume record on
the Bitcoin futures as one example but yeah so you know what I do find interest
thing about this is they're stating 2% of the investor population keyword
investor population so this is a poll done a Gallup poll okay so I remember
last year lots of numbers coming out saying only 1% of something along the
lines of 1% of the United States is investing in cryptocurrencies something
like that but now they're talking about 2% of investors and in the poll they
asked people who had I believe it was one thousand or ten thousand dollars or
more invested in any market so interesting numbers you know it's in my
opinion that's significant and 26 percent say they are intrigued we also
have Google getting involved in blockchain okay it was released this
week that Google is getting involved with digital asset and the Google cloud
is they're going to be providing tools and services for solution architects
Aleutians architects wanting to develop blockchain applications without having
to code them from scratch so the big behemoth is getting involved and wants
in other than that each theorem is testing for their hard fork so I don't
know all there is to know about this I looked into it a little bit to be honest
I I'm not that interested now I will be as time progresses but you know
hopefully there's some good updates you know aetherium does need we all know
anybody in crypto space knows aetherium is a is a big boy it's a monster it's
you know it's been around for a while it's done some amazing things but it has
serious it has serious issues with scalability
next Google yanked meta mask from the chrome store and a phishing scam was
there in its place now I'm not saying they added the phishing scam but it was
there and that was the only thing there so it was not a good situation you know
a lot of people were very upset about this they didn't have access to their
metamath all of a sudden and if you don't know it meta mask is it's somewhat
of a you know a wallet that can linked aetherium accounts but yeah yeah it was
not a good situation the team received no explanation for Google's action
according to Serrano and the extension was restored about five hours later so
not a good situation other than that we have a individual or individuals who
were invested in uber and etrade okay they are setting they're setting their
exchange up a No Fee exchange so this is going to be in competition with what
Robin Hood the Robin Hood app so that's interesting you know there's so many
exchanges coming out it's it's pretty nutty to be honest there's there's tons
there's so many it's nuts Marcello's said he has also Tron a
lapped he says that's awesome man I'll be Honnold and I'll be making more
videos about it too because you know there's so much awesome news coming out
about Tron so I will be talking more about Tron
but yeah so SEC has the lead decisions on Bitcoin ETFs okay not the CBOE one
not the big one not the one a lot of people are expecting to get past but
yeah they they basically put five on hold I believe it was five and stated
that they basically need a you know appropriate time
you know they need more time to do more research and and come to conclusions
let's see what else we have there's been so much news dap radar oh yeah so we
have for the highest ranking gaps we have p o w 3d we have ID x which is an
exchange and then we have FOMO 3d they have the most volume right now and over
the last seven days yeah they've had the most volume 60,000 eath and the PIO w3d
contract and idec's 46,000 FOMO 21,000 and yeah lots of gambling going on on
those on those gaps I noticed Singapore Airlines launches a
blockchain base cryptocurrency loyalty wallet so this is pretty awesome you're
gonna be able to use your crypto currency or so you're gonna be use your
your your airline points and you're gonna be able to redeem them for a
crypto currency so pretty neat you know it's and this is from the Toshi times
from ivan on tech i think that's pretty good you know I mean uh airline air
lungs and traveling is a big industry coinbase has released crypto gift card a
service for customers in Europe and Australia I like this but I don't like
the fact that it's only in Europe and Australia I'm hoping to see something
like this in the United States even though I'm not a user of coinbase
I would like to see this implemented for the US residents there is a lot of that
going on there's a lot of gift cards and payment processors linking up with
corporations Vietnam on some not so good news State Securities Commission bans
firms from cryptocurrency activity the last months have seen seven
well Asian countries ease their cryptocurrency regulations with south
south south korea regulating cryptocurrency exchanges as commercial
banks and the chinese president endorsing blockchain technology as a
technology revolution earlier this week vietnam state securities commission of
vietnam is to have announced that firms are forbidded exchanges with any sort of
cryptocurrency activity hopefully that's just a temporary deal kind of like
what's going on in India I do believe India will come around. 📊Crypto Weekly News Review 📊 7/29/18 - Live Bitcoin & Cryptocurrency News
572 million dollars worth of Bitcoin futures traded by Wall Street actors on this
Tuesday so this happened the other day three days ago CME Group tweeted that
Bitcoin futures had reached a record volume this Tuesday with 12,000
contracts exchanged worth approximately 64,000 Bitcoin or a whopping 533 million
worth all in all this brought the total volume of Bitcoin futures to 71 thousand
Bitcoin or around 572 million and undoubtedly substantial amount
very impressive big numbers i rand this comes from Toshi x as well Iran is
working on their cryptocurrency yeah I mean there's a lot of talk about about
Venezuela and now Iran is is following suit and it stated that you know it's
due to the impact of us-led sanctions so I'm sure we'll be hearing a lot more
about this in the near future not just Iran but other countries as well
creating their own digital currency I think it's a matter of time Mike Novick
Novogratz lost 134 million in q1 of 2018 digital Galaxy digital run by famous
Wall Street trader might took a hit thanks to current
crypto currency markets falling in the first quarter of the year 2018 a total
of 138 million was lost with 13.5 million loss on digital assets and
eighty five point million on unrealized losses of digitalize assets unrealized
okay so what that means is he did not cash out
these are unrealized so it'll be interesting to see what this gentlemen
brings in you know next next quarter and in the and the quarters after lat
you know q3 and q4 I'd be interested to see we do have let me check volume real
quick make sure we're good I should have done that a while ago it looks like
we're good hope everybody's having an awesome Sunday by the way cuz uh looks
like the weather's awesome at least from where I'm looking let's see what else we
have so much news so much news let's see what else we have hit BC hit BTC added
support for euro peg stable coin you EU RS so lots of stable coins became the
beginning to come out it's it's gonna be fascinating to see how many stable coins
are out within the next year or two because I've been seeing a fair amount
of news on them kim.com creates own cryptocurrency aimed at
content creators now I don't know too much about where kim.com comes from or
his background I have you know done a little bit of research on them but I do
enjoy this as a content creator I think it's positive to see this kind of
material coming out and this kind of initiative you know hopefully it's a
great project does it need to be tokenized
I don't know the answer to that I haven't looked into it enough but some
would say no some would say yes I am happy though that it is
is a you know an initiative to help content creators Google bands
cryptocurrency miners mining apps from Playstore this was a few days ago
actually no this was two yeah two days ago so the great thing about this is why
I'm covering this is because one of the coins I'm in electron iam is not going
to be affected by this so I'm happy about that as an investor and ya say we
don't allow apps that mine cryptocurrency on devices we we permit
apps that remotely manage the mining of cryptocurrency and that is what electron
IAM does so good news on their part bad news on others part another ICO hacked
kick ICO losses 8 million after smart contract breach no bueno no bueno
ladies and gentlemen kick ICO an initial coin offering ICO project launch on top
of etherium blockchain protocol was hacked on July 27 three days ago losing
more than 70 million kick worth seven point seven million dollars so no good a
few hours after the incident that kick ICO team was able to regain access to
its smart contract and replace the compromised private key with the private
key and it's cold wallet to protect the network and remaining user funds not a
good thing yeah it's the same hack that happened with or similar hack that
happened with Bank horse so it's not all rainbows and butterflies ladies and
gentlemen in regard to the Winklevoss Bitcoin ETF rejection not a good thing
but I do believe they will be back and you know it led to some pretty
interesting events I would like to say and what that is is after the Winklevoss
Bitcoin ETF got rejected for the second time
we had quite the interesting bit of passionate information from a woman
named Hester pierce you know I just found something interesting she removed
or maybe not anyway so she came out and publicly shared her opinions on the
matter and she is a commissioner she's an SEC commissioner okay and she she she
kind of tore into them and in the most polite respectable professional manner I
did actually I did a whole hour long video about it you can check out the
first ten or so minutes and get the point though it was interesting you know
and one thing I did notice is she jumped from nine thousand followers on this
post in July 26 so within within three days she went
from nine thousand Instagram followers to fourteen point four thousand I wish I
could do that that was pretty damn awesome so yes I commend this woman long
story short I commend her a lot of people commend her you can see why if
you read the dissent letter so basically this dissent rep letter aka disagreement
leather letter she like I said tore into them and she is a commissioner so this
is from a very reputable source who has a lot of knowledge and a lot of smarts
and she said a lot of things I'm not going to go into them because I did a
whole long video about it and I don't want to keep this video too long but
here's a here's a quick tidbit by precluding the approval of
cryptocurrency based ET Pease aka ETF for the foreseeable future the
Commission is engaging in merit regulation Bitcoin is a new phenomenon
and it's long term viability is uncertain it may succeed it may fail the
Commission however is not well positioned not well positioned to assess
the likelihood of either outcome for Bitcoin
or any other asset many investors have expressed an interest in gaining
exposure to Bitcoin and a subset of these investors would prefer to gain
exposure without owning Bitcoin directly and ETP etes aka ETF based on Bitcoin
would offer investors indirect exposure to Bitcoin through a product that trades
on a regulated securities market in a manner that eliminates some of the
frictions so basically what she's saying is you you know the SEC is playing
gatekeeper and their decision is not justifiable because they're basing their
approval or disapproval off of the volatility of the market of Bitcoin and
the risks of it failing or not instead of yes et nsq is
huge instead of the filing process that the Winklevoss brothers committed to and
has have done and that's where she's coming from she's saying that basically
they've done everything they needed to do and everything they should have do I
should have done to protect you know to protect investors and the rest is up to
the people to decide whether they approve of it or not whether they want
to buy into it or not so she did a great job in my opinion whether you like an
ETF or not I know some people don't and I understand where they're coming from
but she did an interesting number on them Tron has been in the news a lot
lately Tron founder Justin son wins super node election vows to donate
revenue to TRX development the reason why this some controversy I would say is
because Justin's son is the founder of this company and you know some people
are worried about it becoming more centralized and I'll go in a little bit
as to what a super representative is so like recently launched iOS Tron uses
delegated proof of stake as a census algorithm given the
cryptocurrency more built-in scalability than proof-of-work
crypto currencies like Bitcoin and this comes at the expense of dense
decentralization to compensate for this D POS networks like Tron and iOS require
super no candidates to run as candidates and allow users to stake their coins to
vote for which one which ones will process transactions on the network the
protocol then randomly selects which node will process each block and theory
these measures will prevent malicious node operator from attacking the network
as node operators do not know which blocks they will need they will process
and users can vote out actors who do not behave appropriately nevertheless
critics assert that even these measures do not prevent node operators from
colluding together and particularly when these entities are geographically
centralized make them vulnerable to pressure from hostile governments so
it's not all about them being bad actors they're worried about them you know
falling under the pressure of government so interesting stuff but here's a list
he came in number 8 we'll find out a lot more about that soon utorrent has now
also gotten involved with Tron and BitTorrent so very interesting stuff
they are they have applied to be a super representative and here's a Twitter
article that also talks a little bit about how Justin son is proud to
announce that BitTorrent and utorrent now in regard to BitTorrent that was an
active acquisition I believe of 150 million dollars so very good to see I
like investing in companies that are going through acquisitions with other
companies for 150 million dollars in the crypto space okay that's a big deal to
me that's another reason why I'm really liking token pay too
kanpei's is is having acquisitions as well as going through them with other
companies and I like that that's a positive sign that means they got
bankroll that means they're doing their they're secure enough to be forking up
big money for companies that they feel are going to benefit their company you
know so and it's also bringing in community as well
Justin son just brought in millions of active users with this acquisition and
now you torrance getting involved and well as well
so Justin Suns gonna decentralize everything pretty much okay that's
that's what I'm seeing here is it just going to decentralize
everything all of it everything and then you got Tron scan org okay where you can
see who has the most votes sky people are at the top right now team Tronics
and second these are going back and forth too because sure on Team tronics
had it earlier but yeah crypto girls is holding in at fifth crypto girls I have
read a little bit about that organization pretty cool hash flare we
got some crazy hash flare news people okay so if you don't know how flares
hatch allure is a cloud mining service I am not quite sure I am comfortable with
cloud mining services I have never invested in them I have
thrown money away in two other risky stuff but I haven't touched the cloud
service yet and I'm kind of glad I haven't because I feel like I got too
late into the game for that but yeah so hash Flair came out lots of promises you
know Stan they're gonna deliver this deliver with that new new big baller in
town and then next thing you know on July 4th they say due to the fact that
since the mark since the beginning of last month hash Flair LP has been
suffering losses related to maintenance of equipment and electricity fees we
have had to make a difficult difficult decision of stopping - services of
sha-256 contracts not massive people didn't like it 341 people
commented so anyway next thing you know three days later they come out and state
that they are gonna resume mining and they're happy to announce that as a
result of diligent work such a solution has been reached we'll see how long this
lasts it could be one last attempt to bring in some dough before the exit scam
or they could have gotten their act together we'll know in you know in the
future time will tell we'll see what happens with that in
other news this week we have couple of predictions mr. Mike and Novogratz I
mean this guy's knee-deep in crypto so it makes sense for him to be throwing
out very high exuberant predictions but he sees 800 billion in 12 months we're
sitting at almost 300 million now that's another 5 million added to the market
cap and if we are in a similar situation market cap wise Bitcoin dominant wise
then we would probably see an increase up to the $19,000 per Bitcoin range
something along those lines so that would be pretty significant that's
somewhere around 60% jump and yes I would like that to happen yes may I have
another run please that would be nice looking forward to it
tom Leiria for reaffirms his $25,000 prediction he's talking 25,000 by the
end of the year I believe so we got some ways to go to get there no doubt about
that I think we can I definitely think we can I think it's quite possible my
guess is in regard to what we're gonna do where
the price is going to go I am guessing let's see if I can find that no it's
gone I'm not here it is yeah so I think we will be breaking through the $8500
resistance level I think we're gonna test resistance at 9,000 and I do think
we're going to break through 9,000 I do think that if we happen to break through
7900 which is the bottom of the latest major dip I do think we'll drop down to
around the seventy five hundred dollar range let's see what else we got
almost there we have yeah so in the last few days or so it was we have
cryptocurrency enthusiasts gamblers betting on celebrity assassinations
they're betting on all sorts of crazy stuff where's John McCain assassination
markets are inevitable on a platform with uncensored flexibility although not
the most popular similar markets have emerged augur users are gambling on
whatever you or went whether US Senator John McCain and actress Betty White will
survive until 2019 this is terrible this is very unethical in my opinion maybe
they're doing it for fun maybe they're doing it because of an addiction I don't
know but it is what it is I want no part in that crazy stuff crazy crazy news
another Bitcoin prediction at sixty thousand dollars by Philip noon a
supposed renowned ICO and cryptocurrency expert predicted that Bitcoin will fall
as low as six and rise as high as sixty thousand dollars this prediction was
initially made in January six months later new reassured the crypto verse of
his conviction that Bitcoin will sell as high as sixty thousand dollars that puts
the market cap in crazy numbers we're talking a market cap of somewhere around
1.1 1.2 trillion I believe so could be you know obviously there's a big give or
take there but yeah that's pretty wild this is a pretty wild you know
prediction you know I don't know if he's got the experience to be making that
prediction or not of course I would love for that to happen as long as it doesn't
happen too abruptly because then we know there'd be a massive drop-off after from
major people taking their profits and yeah it could be Bad News Bears
next up swing by the social media drop a like a follow a comment anything hopes
your your engagement and your questions and comments and shares and likes help
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free to share any of this follow me on my other social media I tend to post on
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getting the notifications as an example I have 5,000 subscribers of crypto
subscribers real subscribers and I get somewhere around $50
I'm sorry $50 50 50 views from the notification so that tells me that not
enough people are getting notified so yeah follow me on other social media and
and this way you stay alert I also do giveaways speaking of giveaways I did a
giveaway last night to a gentleman by the name of Ryan no sorry Chris yes
Chris was the name so thank you Chris for joining in yeah three point five
trillion alright cool so I wasn't that far off Thank You Marshall I appreciate
that
I haven't gone to sleep last night I've been up researching what the best news
is I should give for this crypto weekly news review and I was thinking about
going to sleep around 7:00 and then I didn't get to it and now it's ten but I
did get to the video it's out I hope this is helpful I hope this helps you in
you know and making any decisions that you need to make I hope this helped you
catch up with the market so that way you have kind of a pulse for what's going on
on the market because I do know it's not easy to keep your to keep your thumb on
it you know things happen you get caught up with other things and sitting and
watching hours worth of research is not that easy it's just not but yeah the
markets doing better for sure I mean the proof is right here you know the markets
doing nice and congrats to those who have V chained and Finance coin looks
like you're doing good actually I have some by Nance to and now I think about
probably not much though but yeah lots of good stuff involved absolutely and
that's about it so thank you so much for watching I am
going to get some rest and I'm gonna go to lalala and that's what I'm about to
do so please click like subscribe thumbs up share post notifications all that
good stuff is very much appreciated I hope you have an awesome Sunday or
Monday if you're closer to the Monday and ya swing by anytime ask any
questions it's always appreciated and have a great day everybody
take care. 📊Crypto Weekly News Review 📊 7/29/18 - Live Bitcoin & Cryptocurrency News
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