VeChain and DB Schenker pioneer in the use of blockchain for the logistics industry

https://www.reddit.com/r/CryptoCurrency/comments/8qitra/vechain_and_db_schenker_pioneer_in_the_use_of/

Forget Prices, Ethereum Is Offering a Different Value in Afghanistan

https://www.coindesk.com/afghanistan-ethereum-code-to-inspire-value/

Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges

https://www.coindesk.com/money-laundering-task-force-wants-binding-rules-for-crypto-exchanges/

Apple Blocks Crypto Mining Apps On Its Products

https://www.coindesk.com/apple-blocks-crypto-mining-apps-products/

UN Trade Body Examines Blockchain's Potential in Supply Chains

https://www.coindesk.com/un-trade-body-examines-blockchain-potential-in-supply-chains/

Female Cryptocurrency Investors Doubled in Six Months: UK Exchange Research

https://www.ccn.com/female-cryptocurrency-investors-doubled-in-six-months-uk-exchange-research/

Mysterious Estonian Mining Firm Files to Hold $180 Million ICO

https://www.ccn.com/mysterious-estonian-mining-firm-files-to-hold-180-million-ico/

Waltonchain CEO Mo Bing says, “Waltonchain will be the Qualcomm + Cisco in the blockchain industry and the ‘Google search engine’ of blockchain”

https://www.reddit.com/r/CryptoCurrency/comments/8qlh7z/waltonchain_ceo_mo_bing_says_waltonchain_will_be/

Why Coinbase Added Ethereum Classic Ahead of Ripple & Other Tokens

https://www.ccn.com/why-coinbase-added-ethereum-classic-ahead-of-ripple-other-tokens/

Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda.com (https://www.buda.com/colombia#?market=btc-cop) without warning or explanation.
The company experienced a similar issue in Chile some months (http://www.emol.com/noticias/Economia/2018/03/29/900648/BancoEstado-da-el-golpe-final-y-cierra-cuentas-de-las-tres-plataformas-que-transan-criptomonedas-en-Chile.html) back, where several banks decided to close its account along with those of several other exchanges. According to local news (https://diariobitcoin.com/index.php/2018/06/08/bancos-colombianos-cierran-cuentas-a-plataforma-de-intercambio-buda-com/), the move by the Colombian banks was unexpected, and the banks didn’t disclose why it was closing the accounts. Buda.com sent an email to its customers where it explained the problems it was facing which were affecting withdrawals.The exchange said the closure of its accounts was sudden which affects the company’s operations and its users seeking to access their funds in Colombian pesos.Buda.com CEO Alejandro Beltrán said the closed accounts were domiciled with Bancolombia, BBVA and Davivienda.Buda.com started noticing (https://www.infobae.com/cripto247/mercados/2018/06/08/todos-los-bancos-colombianos-cerraron-la-cuenta-del-unico-exchange-de-criptoactivos/) irregularities on the Bancolombia platform before bank officials told the exchange its account had been closed.The move by the banks might be linked to an internal circular (http://www.finanzaspersonales.co/ahorro-e-inversion/articulo/los-riesgos-utilizar-bitcoin/53309) from the Colombian Financial Superintendent wherein banks were advised not to interact with crypto platforms.Beltrán, however, believes the circular was a recommendation to the banks, not an order. Other Colombian exchanges such as BitINKA and Panda Exchange haven't reported any issues with the banks.A day before the banks closed Buda.com's accounts, the Colombian Senate held a session (http://senado.gov.co/component/k2/item/28084-pie-noticias) on the potential of cryptocurrency and blockchain technology. Senator Navarro Wolff, who convened the Third Senate Committee, stated that blockchain technology can be beneficial to the country in the areas of finance, electoral systems and management of public contracts. But Wolff also stipulated, "Regulation is required to protect the consumer and the user."



This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).

Congressional Bill Calls for Study of Crypto Use in Sex Trafficking

https://www.coindesk.com/congressional-bill-calls-study-crypto-use-sex-trafficking/

Decred Proposes a DEX Without a Blockchain
http://feedproxy.google.com/~r/Coinjournal/~3/CXDIKUtUrX4/

Exchanges have been a weak spot in bitcoin going back to the Mt. Gox days. It is a decentralized currency, so why do so many people store their coins in centralized depositories? There are a lot of reasons, chief among them are ease of use and accessibility. Most of the time it is just laziness. […]
The post Decred Proposes a DEX Without a Blockchain (https://coinjournal.net/decred-proposes-a-dex-without-a-blockchain/) appeared first on Coinjournal (https://coinjournal.net/).

Fidelity is Looking for a New Fund Manager to Run Cryptocurrency Fund

https://www.ccn.com/fidelity-is-looking-for-a-new-fund-manager-to-run-cryptocurrency-fund/

EOS Mainnet Launch Stalls as Too Few Users Stake Their Tokens

https://www.ccn.com/eos-mainnet-launch-stalls-as-too-few-users-stake-their-tokens/

In the previous (https://bitcoinmagazine.com/articles/bitcoin-price-analysis-consolidation-leans-toward-strong-bitcoin-move/) BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle.” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern. Until this weekend, the market hadn’t decided whether it was going to break up or break down out of the pattern. Over the weekend, the bitcoin market saw a very strong push on very high volume through the bottom support of the triangle:

Figure 1: BTC-USD, 12-Hour Candles, Symmetrical Triangle Breakdown
The implications of this consolidation pattern breaking down have potentially devastating ramifications for the crypto market across the board. With patterns like a symmetrical triangle, there is a measured move that will give insight into a potential price target that will play out upon the breakout. In our case the measured move is a staggering $5,500 move. If the triangle had broken to the top, we could have expected to see a $5,500 move to the top. However, since we broke to the bottom of this pattern, we could potentially be heading for prices ranging from $1,500 - $3,000. Whether that target becomes fully realized remains to be seen, but those prices are not out of the question.When we look at current support levels that may impede the downward motion, a few tests need to be broken before the full-fledged bearish pressure really begins to manifest in the market. Our previous low at $6,450 was the lower boundary of an accumulation trading range that caused the market to make a very sizeable rally, testing the $10,000 range. Breaking this price level would undoubtedly send a cascade of stop-market orders, as this is a line-in-the-sand-type of price level: It’s where the bears previously decided they would no longer sell below that range and where the bulls decided it was a good entry point for long positions. If the $6,450 price levels fail to hold up the market, the next immediate test will be the v-bottom we saw back in February that tested the lower $6,000s. There was a very high level of buyer interest at that level, and it was a level where aggressive short sellers covered and caused a rally. If we manage to break that level, we enter a high likelihood of deeper tests of market support where we will need to zoom out even further on our market view:

Figure 2: BTCUSD, 1 Day Candles, Fibonacci Retracement Values
If we draw out the Fibonacci retracement set for this entire parabolic run-up, we see a potentially strong level of support around the 78% retracement (the $4,500 range). Historic parabolic run-ups have, at maximum, retraced to the 78% range before ultimately bottoming. To me, this area is a strong zone of observation and not necessarily a zone of action as the price target of the aforementioned symmetrical triangle is well below that.It’s very important to keep in mind this is all hypothetical and contingent upon the market response to the various support levels. At the time of this article, we are currently testing the strength of the first, initial, crucial support level.Summary:Bitcoin broke down out of a large, multi-month symmetrical triangle.
The measured move of this breakout lies roughly between the $1500 - $3000 range.
There are various levels of support outlined in this article that all need to considered and analyzed on a case-by-case basis, as they potentially could result in a cryptomarket-wide, devastating downward continuation.
Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.





This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).

JD.com's Finance Arm to Issue Asset-Backed Securities on a Blockchain

https://www.coindesk.com/jd-coms-finance-arm-to-issue-asset-backed-securities-on-a-blockchain/

Bitcoin Bulls Eye $6,400 Defense After Four-Month Low

https://www.coindesk.com/bitcoin-bulls-eye-6400-defense-after-four-month-low/

Blockchain Is 'Revolutionary,' Says German Finance Regulator Chief

https://www.coindesk.com/blockchain-is-revolutionary-says-german-finance-regulator-chief/