BTC Did a Very Typical “Bart” (i.e. This is a Good Example of a Bart)
Bitcoin (BTC) did a classic Bart from May 26th to May 30th. A Bart is a crypto pattern that includes one big green candle and one big red candle of equal magnitude.
Kin’s $5 Million DefendCrypto Fund Aims to Defend Crypto From SEC
Kin (the token behind Kik Messenger) has launched a $5 Million DefendCrypto Fund. The fund will be used to fight a potential legal battle against the SEC.
Grayscale to Launch Ethereum (ETH) Trust to Public
Greyscale is going to launch the Ethereum Trust to the public. Up until now the trust has only been available to accredited investors.
Craig Steven Wright Granted US Copyright Registration for Bitcoin
The US Copyright office granted Craig Steven Wright copyright registrations for the Bitcoin paper and Bitcoin code. This is true even though there is a debate over whether or not Craig is Satoshi.
ETFs Delayed as Expected
The SEC has delayed both the Bitwise and VanEck Bitcoin ETFs yet again.
Alt Market Cap in Uptrend Since 2015 and in Uptrend For 2019
The total crypto market cap excluding BTC is actually in a longterm uptrend since 2015, and after a brutal 2018, back in an uptrend in 2019 as well.
A Quick Dump Brings Market Down (Will People BTFD or Panic?)
We hadn’t had anything that looked like a bull run in crypto until recently, now we have that typical sizable crypto correction (brought on by a quick dump). Will this dip be bought, or will we see 2018 style panic selling?
Poloniex is “GeoFencing” Some Alts Because of SEC Security Scares
On Friday, May 29th, at 16:00 UTC, the markets for ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP will be disabled for Poloniex customers in the US. All assets remain available for trading to customers outside the US.
New York Court Grants Bitfinex’s Motion to Modify Injunction
Bitfinex got themselves a win in terms of the injunction filed by the New York State Attorney Generals office. A Judge granted a motion to modify the injunction.
The GBTC / ETCG Indicator is Mighty Bullish
When GBTC and ETCG trade at a premium to the underlying assets, it is generally a sign that crypto is bullish.