CBX Weekly Newsletter // 5 June 2019
- Bitcoin Drops to Below $8K
- Creator of TRON will have lunch with Warren Buffet
- CBX Eid al-Fitr Trading Competition — 12,000 USDT Prize Giveaway
Bitcoin Drops to Below $8K
Bitcoin has dropped to below $8K at the time of writing taking the whole cryptomarket down as well with very strong volume.
So far the price is holding support at the high $7K’s very close to the psychological $8K level, and also above the 26-day moving average.
A bounce to the mid $8K’s is expected but we need to see if investors think that the price is good to enter, failure to maintain the price above $8K will mean a test of $7,500 and $7,000.
BTC dominance is 55.8%
Market Capitalization of the whole Cryptocurrency Market: $253 Billion.
Creator of TRON will have lunch with Warren Buffet
Justin Sun, creator of Tron and CEO of the file-sharing protocol BitTorrent announced on Twitter that he placed a record-breaking bid of $4.57 million to lunch with billionaire Warren Buffett as part of the “Oracle of Omaha’s” annual charity auction event for the Glide Foundation.
Sun also invited seven crypto-industry leaders to join him and Buffett at Smith & Wollensky’s in Manhattan.
Tron was launched in 2017 with an ICO that raised about $70 million. Sun was an early investor in Bitcoin and Tesla while obtaining a Master’s degree at the University of Pennsylvania in 2013.
“As some of you might know, the CEO of Berkshire Hathaway has said publicly he sees no ‘unique value’ in Bitcoin, the world’s largest cryptocurrency,” Sun said, “Yet, he has pointed to the potential in blockchain, the underlying technology behind all cryptocurrency. I look at the upcoming lunch with Buffett as an opportunity to seek mutual understanding and growth.”
Buffett has called cryptocurrencies like Bitcoin “rat poison squared”
It will be interesting to see what comes out of this meeting, will Buffet change his mind about Bitcoin?
CBX Eid al-Fitr Trading Competition — 12,000 USDT Prize Giveaway
His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has proclaimed the year 2019 to be the “The Year of Tolerance”.
CBX, as the most influential exchange in the UAE, in appreciation to our global users, will be hosting a competition celebrating Eid al-Fitr with total prizes reaching 12,000 USDT. Additionally, all trading fees incurred during this promotional period will be refunded to users.
Dates: June 3 2019 — June 10 2019 (Beijing/HK/Singapore time)
Competition Details:
Winners will be determined by total trading volume incurred during the time period
1st place: 6000 USDT
2nd place: 3000 USDT
3rd place: 1300 USDT
4th — 10th : 100 USDT
Once again, during the promotional period, all trading fees incurred will be refunded!
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