📰 CoinSheet - Nov 17, 2017 📰
📰 CoinSheet - Nov 17, 2017 📰
Coin Sheet - November 15, 2017
QUOTE OF THE DAY
“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.”
—Henry Ford.
COIN BULLETIN
Bitmex Will Dump All Their Bitcoin Cash For Bitcoins
According to a new post on Bitmex by Arthur Hayes (the CEO of Bitmex), Bitmex is going to sell all the bitcoin cash the wallets received, and credit their users with the corresponding value in bitcoins.
The update reads:
On or before 31 December 2017:
The amount of Bitcoin Cash a user is entitled to is determined by their Margin Balance at 1 August 2017 13:17 UTC, a few seconds after block 478,588.
Users will not receive Bitcoin Cash, rather BitMEX will sell all users’ Bitcoin Cash, and credit their wallet with the Bitcoin proceeds.
Oh, and bitcoin cash futures are now live on Bitmex.
Square's Cash App Pilots Bitcoin Buying and Selling
It looka likw Square is testing cryptocurrency support in their Cash app. The trial that is available to some users lets you buy and sell bitcoin directly in the app.
You can read more about this here (TechCrunch) and here (CoinDesk).
Consumer Warning About The Risks Of Investing In Cryptocurrency CFDs
The Financial Conduct Authority (FCA) of UK released a warning about contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment.
What they wrote is true, these products are extremely high-risk, speculative products.
You can read their post here.
What Else Is Going On?
Singapore's Central Bank outlines when ICOs are and aren't securities.
Russian Central Bank Official: ICOs have 'huge potential.'
SecureKey taps IBM Blockchain for digital identity system launch.
THINGS I LIKE
Segwit2x Post Mortem
Jimmy Song writes about the divorce of crypto-Austrians and crypto-Keynesians.
You can read his article here.
MARKET SENTIMENT
Technical Signals
My Current Sentiment: Neutral.
Daily Number Indicator
Bitcoin
This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.
Ethereum
This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.
Litecoin
This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.
Join The Discussion
You can find me on Twitter at @coinsheets
And here's an invite to our Discord: https://discord.gg/UTp6bCU
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