DueDEX: What’s Happening in Crypto World Today? — Nov. 1st, 2019

DueDEX_Arlene
Nov 1 · 4 min read

1. Mainstream Currency Price as of 1:00 PM UTC from Coinbase Pro:

· BTC — 9,216.30 USD

· ETH — 182.36 USD

· EOS — 3.287 USD

· XRP — 0.2922 USD



3. Crypto Updates:

· Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts

On March 7, 2019, all the lights went out in Venezuela. Total blackout.

While the electricity crisis was already part of everyday life, the blackout still crippled communications across the country. It also inspired Venezuelan Randy Brito to focus fully on the Locha Mesh initiative, an open-source project working to enable private messages and payments without an internet connection.

· Deribit to Pay Users $1.3M After Bitcoin Price ‘Flash Crash’ to $7.7K

Cryptocurrency futures and options exchange Deribit says it will use its own money to refund users affected by an exchange rate miscalculation.

In a tweet on Nov. 1, Deribit recognized its role in the error, which occurred on Thursday and resulted in Bitcoin (BTC) trading at around $7,700.

· BitMEX Investigating ‘Extent of Impact’ After Mass Email Leak

Crypto derivatives exchange BitMEX has accidentally leaked user emails by forgetting to use blind copy (bcc) on a mass email.

The incident was acknowledged by BitMEX in an official statement published today, Nov. 1. Cointelegraph’s editorial team in Japan have independently revealed that a staff member was the recipient of the BitMEx newsletter in question.

· Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China

After sustained growth over the past three months, computing power on the bitcoin network has seen a fallback as the summer rainy season trails off in China.

According to data from Poolin, the world’s largest bitcoin mining pool by real time hash rate, bitcoin’s seven-day average computing (or hashing) power has dropped to around 90 exahashes per second (EH/s) since Oct. 24, signaling that some miners have been unplugging from the network. It had previously been estimated that the hash rate would go above the 100 EH/s threshold by the end of 2019.

· Bitcoin Shows Extreme Volatility After $10,600 Spike — Where to Next?

The Bitcoin price has been showing a high level of volatility following its abrupt increase to $10,600 on Oct. 26, when Bitcoin (BTC) climbed by 43% against the United States dollar on a single day.


4. Trader’s View:

· botje11 from Trading View: Bitcoins ugly moves almost done? Consolidation before pump?

I have seen many people are looking at this triangle and some even changing the shape of it, but here comes the subjective part of TA. Drawing lines to what you want to see.

For me, the triangle broke up yesterday but it was a weak one. As mentioned yesterday, the pullback was already too much when it reached 9200/50. We saw the result of that, bringing price back down again completely.

· topchart_ir from Tradin View: btc

· hpalta from Trading View: YOU SHALL NOT PASS !!!

Multiple rejections from the descending channel on the 1H chart. Looks like BTC will dive deep soon enough.



DueDEX informs readers that the views, thoughts, and opinions expressed in the content come from various sources, and does not belong to DueDEX. It does not guarantee the accuracy or possible uses of the content posted. Under no circumstances whatsoever shall DueDEX be deemed responsible or liable for any decision made or damage incurred due to the content and information posted on this social media. Every investment and trading move involves risk, doing own research should be conducted when making a decision.

DueDEX

Trading Bitcoin Futures, Fairly

DueDEX_Arlene

Written by

DueDEX

DueDEX

Trading Bitcoin Futures, Fairly

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