CBX Weekly Newsletter // 7 August 2019
- Bitcoin Price and Dominance keeps increasing
- Report suggests that North Korea is hacking Crypto-Exchanges
- ELAD Network is live on CBX!
Bitcoin Price and Dominance keeps increasing
After many days of bearish momentum Bitcoin has finally moved above $12K making it the highest level since 10 of July. As we can see in the chart, the RSI is reporting overbought conditions on the 4-hour timeframe which could indicate a correction to the mid $11K’s before attempting to make another move higher.
The next point to be watching in case of a Bullish breakout is $13,200 which was the latest recent high, and $14K because it’s this year’s high. In case of further consolidation and the price moving down, keep an eye on $11K which was the most recent resistance and $10K which is another strong psychological handle.
Bitcoin is not only beating any other investment asset in the market, is also performing much better than Ethereum, Litecoin, or any other Alt-coin with an increasing market dominance of almost 70%, the highest level since April 2017.
Report suggests that North Korea is hacking Crypto-Exchanges
According to a confidential United Nations report, North Korea is funding its weapons of mass destruction with cryptocurrency and fiat currency stolen from banks and exchanges.
Seen by Reuters, the report — researched by “independent experts” and presented to the U.N. Security Council North Korea sanctions committee last week — says that North Korea has used extensive and sophisticated hacks to collect roughly $2 billion, which is laundered over the web.
Reuters said the North Korean mission to the United Nations did not comment when asked about the report.
The U.N. report said targeting crypto exchanges allowed North Korea obtain income in ways that governments and banks cannot control or even trace. USA president Donald Trump has met with North Korean leader Kim Jong Un in order to stop the development of nuclear weapons.
Previous reports have linked North Korea to major hacks at crypto exchanges.
According to South Korean, their neighbours attacked many of their domestic exchanges making billions of dollars in the process, they believe that North Korea was behind the massive hack of $500 million in Japan’s Coincheck exchange.
ELAD Network is live on CBX!
ELAD Network (Equity Ledger Assets Decentralised) is a decentralized platform that will transform investment strategies and the real estate market as we know it.
Using blockchain technology, smart contracts, Artificial Intelligence and innovation, the equity ladder of ELAD Network will create a cryptocurrency and real estate portfolio to combine the liquidity of the world’s biggest asset class with the velocity of the newest.
A variety of real estate transactions will be traded through the ELAD Network platform, from traditional buying and selling to crowdfunding multi-million dollar investments. ELAD Network will bring together P2P (peer-to-peer) exchange and investment in one place, opening doors, cutting costs and lowering barriers for all.
To celebrate the launch of ELAD Network on CBX, we are going to airdrop 2,000,000 to CBX users! Click here for more info
Official Website
White Paper / Documentation
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