Coin Sheet - August 28, 2017


QUOTE OF THE DAY

All human situations have their inconveniences. We feel those of the present but neither see nor feel those of the future; and hence we often make troublesome changes without amendment, and frequently for the worse.” 

—Benjamin Franklin


COIN BULLETIN

Japan’s Largest Rewards Site Launching Bitcoin Exchange

According to Bitcoin News, the operator of Japan’s largest rewards site with 5 million users is launching a bitcoin exchange. Ceres Inc has partnered with Japanese exchange Bitbank to use its B2B white label bitcoin exchange service to launch a cryptocurrency exchange.

You can read the full article here.

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Litecoin Hit's New All Time High

Litecoin hit a new all time high this weekend. There is some speculation that folks are selling their Bitcoin Cash and putting that money into Litecoin, perhaps as a hedge against Bitcoin. I don't really know exactly why, I just follow the technical analysis.

Here's the daily indicator for Litecoin.

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Want more Litecoin? Here is an article from Cointelegraph about Litecoin passing $60 price and a $3 billion market cap for the first time, and another article from Cryptocoinsnews.

Bitcoin To Become A Potential Form of Payment In Vietnam

According to Cointelegraph, Vietnamese Prime Minister Nguyen Xuan Phuc has reportedly authorized a plan that could lead to the official recognition of digital currencies like Bitcoin as a form of payment in the country by 2018.

You can find the article here.

Bitcoin Mining Chips In Household Appliances

According to Cointelegraph Chinese electrical appliances manufacturer, the Midea Group, has filed a patent for a technique for mining Bitcoin using household products.

You can find the article here.

Bitcoin Remittance Market

More from Cointelegraph, South Korean conglomerate, Dongbu Group, has announced a partnership with Bitcoin remittance service provider Sentbe in its bid to enter the Bitcoin remittance market.

For those of you unfamiliar with the terminology, a remittance is a transfer of money by a foreign worker to an individual in his or her home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.

You can read an article about this here.

Dan Bilzerian Gets Poloniex'd

As getting "Poloniex'd" is becoming a more frequent occurrence, maybe its time we acknowledged that these problems with Poloniex are very serious.

Either way Dan, get in line.

ATM Chain

According to CoinDesk, China UnionPay, the payment card giant, hopes to patent a system for connecting a network of ATMs using blockchain technology.

The patent reads, "According to the present invention, the server can synchronize all the information directly as the monitoring node, facilitate the aggregation of the transaction information, and perform the predetermined processing on the transaction information by using the asymmetric encryption algorithm, thereby ensuring the security of the transaction information."

You can find the article here.


THINGS I LIKE

Bitcoin Monopoly

Jeff John Roberts from Fortune wrote an interesting article titled Does Bitcoin Have a Mining Monopoly Problem?

You can find his article here.

Can't Be Evil

In this article from CoinDesk, Muneeb Ali discusses how a play on Google's signature catch-phrase illustrates both the power of blockchain technology and how it could come to impact society.

You can read his article here.


MARKET SENTIMENT

Technical Signals

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My Current Sentiment: Bullish

 

Daily Number Indicator

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

According to this daily indicator, this last candle needs to close above ~4,325 to continue this bullish 9 count.


Want To Connect? Have Questions?

Let me know on Twitter @dmitriy_or_dima.


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