Coin Sheet - September 20, 2017


QUOTE OF THE DAY

A great many people think they are thinking when they are merely rearranging their prejudices.” 

—William James


COIN BULLETIN

US Defence Bill With A Mandate For A Blockchain Study

The US Senate just passed a massive $700 billion dollar defense bill.

Besides massive increases in military spending, the 1,215-page bill includes a mandate for a blockchain study to be conducted by the Department of Defence.

TL;DR - They want to know what China is up too and how extremist and criminal organizations can utilize blockchain technology.

China Bans Bitcoin Executives From Leaving the Country

China recently had a crackdown on cryptocurrency exchanges and ICO's and reports are coming in that executives from crypto exchanges have been ordered to not leave the country.

A rough translation from the Chinese media as reported by TrustNodes states:

A number of informed sources say the executives of special currency trading platforms are not allowed to leave Beijing to cooperate with the investigation. In accordance with regulatory requirements, trading platform shareholders, the actual controller, executives and financial executives need to fully cooperate with the relevant work in the clean-up period in Beijing.”

Let's see if these executives mysteriously start "disapearing."

You can read more about this here.

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Raiden Release On Ethereum Testnet

According to CoinDesk, the developers behind Raiden Network have launched an early version of the scaling solution on the ethereum test network.

The TL:DR for the Raiden Network is that it's supposed to allow for more, quick, and cheap Ethereum transactions.

You can read more about this here.

Ray Dalio Says Bitcoin Is A Bubble

In his interview with CNBC's Squawk Box, Ray Dalio said this about Bitcoin:

 "It's not an effective storehold of wealth because it has volatility to it, unlike gold. Bitcoin is a highly speculative market. Bitcoin is a bubble."

Remember folks, asking a hedge fund manager their opinion on Bitcoin is like asking the manager at the Post Office their opinion on e-mail.

Source


THINGS I LIKE

Bitcoin and Virtue (Part 1)

Jimmy Song write that Bitcoin is good for society because sound money aligns people’s preferences toward building a better future.

You can read part one of his article here.


MARKET SENTIMENT

Technical Signals

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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 .

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 .

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 .

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


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