⁠Nike Unlocks up to 3% in Crypto Rewards with Plutus Partnership

The U.S. footwear giant Nike entered a new affiliate partnership allowing customers to earn up to 3% from online purchases with crypto.

​​XBT/USD wicks to $8600 liquidating $96 million worth of $BTC long positions

@CryptoWorldTina

​​Nearest support at 8900 - 9050 - 9200. If drop below, we may expect price to retrace down to 7200 / 7500 within 1-2 weeks. In any case, not having long orders at these dump levels is a crime.

@CryptoWorldTina #BTC #Bitcoin

​​IOST/BTC

ENTRY 50 - 51

TARGETS 55 - 60 - 64 - 69 - 72 - 78

STOP LOSS BELOW 46

​​The daily candle close is closing in. On the right we can see that a few weeks ago, during the blue circle period, there were several attempts to close above that green zone, but never succeeded. So if within the coming hour we see it get above 9800 and close above 9900, it should be a bullish signal and should attract more buyers (algo's) in the market.

I am saying it SHOULD, not it will, because there have been too many false signals lately. With the yellow circle candle being a great example of a false signal

​​Goldman’s Eerie Yuan Crash Prediction Bolsters Bitcoin Bullish Outlook in June

▪️ Bitcoin eyes market growth heading into June as yuan falls to its lowest levels in eight months.
▪️ Both assets have shown an erratic negative correlation in the past.
▪️ Goldman Sachs sees yuan falling to its 2008 low, raising possibilities of an explosive price rally in the Bitcoin market.

With halving in rearview, Bitcoin traders are now looking at their next potential bullish narrative: a weakening yuan.
That’s because the cryptocurrency tends to move positively when the Chinese currency falls. Last year, the 30-day inverse correlation between both the assets reached a record high. Dr. Garrick Hileman, the head of research at Blockchain, told Bloomberg that Chinese investors were buying Bitcoin as a safety net against the then-escalating U.S.-China trade war.

@CryptoWorldTina

​​Buying $ARPA here 📈

@CryptoWorldTina

​​#XLM

Reached the second target. Closed a bigger part there with +10% profit. A small part of the initial position is on hold.

@CryptoWorldTina

​​LTO Network has burned 50M LTO from the foundation allocation or 11% of total supply. According to the recent blog post the total supply has forever been reduced to below 404M LTO. LTO have a fixed token supply but in upcoming token economics upgrade, the asset might actually become deflationary.

@CryptoWorldTina

​​#LTC - SHORT Setup

Quite easy: there is a resistance at the $48.1 level which can reject the price from further growing. To be clear, we can already see some signs of rejection. It is possible to form a H&S pattern.

@CryptoWorldTina

​​Early Bitcoin advocate explains how falling oil markets mean profits for America and China BTC miners

The world’s equity, fuel, and bonds markets have entered into uncertain and volatile periods — driven on the back of unstable trade wars, changing fundamentals, and the ongoing coronavirus pandemic.

Cryptocurrencies are not far behind. Digital asset markets, while not linked to traditional investments, suffer the brunt of global fundamentals; even the price cycles are independent.

But a Bitcoin veteran believes the recent fall in oil markets, when a certain futures contract traded at -$37 at one point, is ultimately a positive for the cryptocurrency markets, and more specifically Bitcoin miners.

@CryptoWorldTina

​​The Chinese province of Yunnan will track their tea supply chain using blockchain technology.

@CryptoWorldTina

​​$FUEL +22,8% profits.

@CryptoWorldTina

​​Buying $ANKR here, looking forward to following $SC current rally

@CryptoWorldTina

​​See more @CryptoWorldTina 📊

​​Altcoins Index chart update 📈

Alts index chart has the same pattern as Ethereum (potential head and shoulders). So we either expect it to bounce from ~550-555 support, or dump lower to 540 / 525. I suggest to set long orders there and wait. Sell at resistance. Lower long zones will be invalidated in case of index growth above 590 again.

Support 562 / 550 / 542 / 538 / 527
Resistance 580 / 585 / 590 / 600

@CryptoWorldTina

​​Samsung & LG ‘Pursuing Business with Big International Crypto Players’

South Korean experts say that domestic business big-hitters like Samsung and LG are stepping up their crypto-related activities with overseas companies – rather than domestic players – as part of a strategy that has begun to take shape in the past few weeks.

As previously reported, Samsung last week struck a deal with American crypto exchange player Gemini. The deal saw Samsung integrated Gemini exchange functions for its flagship Galaxy smartphones equipped with Blockchain Wallet features in both the United States and Canada – allowing users to buy and sell crypto, and make use of Gemini Custody cold wallet storage functions.

LG, meanwhile, has recently become a member of the governance council of the Dallas-based Hedera Hashgraph (HBAR) project, also agreeing to run a node on the latter’s network.

Per Hanguk Kyungjae, the move is part of a concerted effort that has been expiated partially by the coronavirus pandemic.

The COVID-19 outbreak has forced many companies to explore contact-free technological solutions and business models – and bigger South Korean companies see cryptocurrencies as being a key part of this.

The media outlet quotes an unnamed industry insider as stating that big companies like LG and Samsung are keen to tap into the potential of crypto, but would prefer to partner with strong and high-potential players in the United States, where they feel the market is already in an advanced state.

Regulatory issues are a third factor, per the report.

The media outlet quotes another unnamed South Korean industry chief as stating,

“Due to regulatory uncertainty and the government’s reluctance to cooperate, large domestic companies are choosing not to pursue cooperation with domestic [crypto] companies.”

The same insider stated that although the National Assembly’s passed a potentially groundbreaking crypto-specific legal amendment in March this year, big South Korean firms are not convinced.

The industry chief stated that South Korean crypto regulation was “still inferior” to the regulatory frameworks in countries such as Japan and the United States.

One crypto-keen domestic player that both Samsung and LG do have strong relationships with is tech giant Kakao.

The latter yesterday launched a crypto wallet that is integrated with its 50+ million-user KakaoTalk app. LG and its subsidiaries are governance council members of Kakao’s Klaytn blockchain project, while Samsung’s smartphone blockchain wallet is also compatible with Klaytn’s native Klay token.

​​BTC 📈

There is a Head & Shoulders pattern inside the big H&S. Looks bearish enough to consider opening SHORT position. We consider.

@CryptoWorldTina

​​The total amount of $BTC in centralized exchange wallets has dropped to a 2-year low of ~85.7k after Bitcoin’s latest drop below 10,000.

The last time Bitcoin’s supply on exchanges was this low was March 2018, after its sudden drop below 11,000.

@CryptoWorldTina

​​Local bitcoin trading on peer-to-peer exchanges in India is growing rapidly.
Paxful recently overtook LocaBitcoins to lead the way in terms of volume.
Absent a spike in trading in December 2017, more BTC is cumulatively being trading now in India than ever before.

@CryptoWorldTina