Starbucks, Nordstrom, Whole Foods, and More Now Accept Crypto
A Forbes article pointed out that Starbucks, Nordstrom, Whole Foods, Etc accept Bitcoin. Actually the truth is both more exciting and less exciting than that.
Bitcoin is Going Parabolic, Major Alts Holding Up, Low Caps Crushed, and Lots of Big News
So here is the state of the market: Bitcoin is going parabolic, major alts like ETH are holding up, low caps (alts with low market caps) are getting crushed, and lots of big news (bearish and bullish) is all being met with BTC increases.
Binance Security Breach Results in 7,000 BTC Stolen (User Funds Still Safe)
Binance had a security breach where hackers carefully orchestrated stealing BTC from Binance. User’s BTC affected will be replaced by Binance.
Should I Buy Into an IEO?
Initial Exchange Offerings (IEOs) tend to have a high / risk reward. When investing in an IEO, you should consider the project and exchange it is on carefully.
ETH/USD Looks Great, ETH/BTC Looks “Not Great” (Same for Many Alts)
One could argue, based on some factors like Simple moving averages that the BTC-ETH pair is bearish and at the same time the BTC-USD pair is bullish. It is the same for many alts.
Regulators Ready to Approve Ethereum Futures, CFTC Insider Says, CoinDesk Says
According to CoinDesk, according to a CFTC insider, regulators are ready to approve Ethereum Futures provided it “ticks all the right boxes.”
Don’t Forget to Do The ZIL Token Swap (You Must Do this if You Have Zil in an Ethereum Wallet)
The Zilliqa (Zil) token swap is currently live. Many exchanges will handle it for you, but if you have Zil in an Ethereum wallet, make sure to do the token swap.
Current BTC Price Action Reminiscent of Early 2012 and Mid-to-Late 2015
The above chart shows Bitcoin 2010 – May 2019. In my opinion the current price action is similar to 2012 and mid-to-late 2015.
A Quick look at the Maker / Dai Drama
The longstanding top Ethereum project Maker (MKR) was one of the best preforming coins of the bear market. However, drama has since circled around Maker DAO (the Maker organization) and Dai (the stable coin attached to Maker).
Cosmos (ATOM) Gets Listed After Long Awaited Launch
Cosmos (ATOM) launched their network recently after a long wait and the project is finally getting listed on some major exchanges.