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Short BTC Positions Hit 3-Month Low as Cryptocurrencies See Green Across the Board

Nov 06, 2018

 

Top 5 Cryptocurrencies sorted by 24 hour Volume

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$6446.46 0.02% 0.32% 1.78% USD$111,930,784,530 USD$4,535,489,495
Ethereum ETH USD$216.71 0.56% 4.1% 9.88% USD$22,329,555,863 USD$1,808,755,237
XRP XRP USD$0.54 1.68% 11.7% 22.53% USD$21,841,965,917 USD$1,340,376,929
Bitcoin Cash BCH USD$613.87 1.58% 10.67% 46.58% USD$10,708,384,029 USD$896,449,371
EOS EOS USD$5.68 0.54% 4.2% 10.59% USD$5,143,583,884 USD$760,550,056

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
XRP XRP USD$0.54 1.68% 11.7% 22.53% USD$21,841,965,917 USD$1,340,376,929
Bitcoin Cash BCH USD$613.87 1.58% 10.67% 46.58% USD$10,708,384,029 USD$896,449,371
Stellar XLM USD$0.26 1.3% 7.82% 18.0% USD$5,008,523,303 USD$98,065,288
VeChain VET USD$0.01 0.86% 4.34% 9.05% USD$616,496,624 USD$16,368,948
Cardano ADA USD$0.08 0.9% 4.23% 15.24% USD$2,075,384,709 USD$46,541,526

 

 

Crypto News

  • Apple has reportedly removed Anthony Pompliano’s, “Off the Chain,” podcast that was ranked 4th in podcasts under the “investing” category on the US iTunes store. In a tweet about the podcast’s removal, Pompliano said, “Last week we released a podcast discussing the ultimate argument for Bitcoin. It exploded and ranked #4 in US investing category before mysteriously being taken down by Apple. We had no warning. We don’t know why. They took down our podcast, but they can’t take down Bitcoin!” Pompliano is currently a partner at Morgan Creek Digital Assets.
  • Blockchain.com, a cryptocurrency wallet provider, announced that it will fully support Stellar (XLM) in a blog post Tuesday. Along with its support of XLM, Blockchain.com will conduct a significant airdrop of USD$125 million worth of XLM tokens to its user base. Blockchain.com is promoting the upcoming airdrop as the largest in the history of crypto and the largest consumer giveaway ever. Blockchain.com detailed in its blog post today that its reason for choosing XLM is because the Stellar network is, “built for scalability”.
  • Deltec Bank & Trust, the financial institution to recently partner with controversial stablecoin Tether (USDT), is allegedly under investigation by Brazilian and Bahamian law enforcement for suspicious transactions. Currently, Brazil’s Federal Public Prosecutor’s Office is pursuing Paulo Vieria de Souza, a former director of the Sao Paulo road infrastructure company DERSA, for bribery charges related to the Odebrecht case -- US government officials have called this case, “the largest foreign bribery case in history.” A transaction of 25 million Swiss francs, worth about USD$25 million, allegedly ended in an account belonging to Deltec Bank & Trust and is under question in relation to the case.
  • eToro, a global cryptocurrency and fiat trading platform, announced the release of its own cryptocurrency wallet that will feature support of four digital assets. In October, eToro became the first cryptocurrency exchange to offer a fiat trading paid for Binance’s Binance Coin (BNB). Initially, the wallet will support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).
  • Short Bitcoin (BTC) positions on notable cryptocurrency exchange, Bitfinex, fell to the lowest level in 3 months, signaling growing positive sentiment surrounding cryptocurrencies. In the last 8 days alone, BTC short positions have fallen 33% to 21,434 total positions -- over the same time, BTC long positions grew 10% to 24,410 total positions, a 3-week high.
  • The Depository Trust and Clearing Corporation (DTCC) is moving forward with a testing phase of its main blockchain project with 15 global banks. Among the 15 global banks testing the DTCC’s blockchain project, Barclays is the most notable while the other 14 were not named. The DTCC’s blockchain project is a cloud-based distributed ledger platform built to facilitate trading for its credit derivatives Trade Information Warehouse. This testing phase is one of the last steps before the DTCC launches a live platform -- testing is expected to be completed in the first quarter of 2019.
  • Venezuela’s Supreme Court of Justice (TSJ) is requiring the country’s national institute to pay indemnities in the country’s oil-backed Petro after one of its employees suffered a workplace injury. In making this ruling, the TSJ cited the country’s decree on, “Cryptoassets and the Sovereign Cryptocurrency Petro,” which was approved in April and establishes the, “basis for the management of these alternative mechanisms in financial and commercial activity.” As per the TSJ’s ruling, Maria Elena Matos will receive 266 Petros, worth about USD$15,960.

 

 

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

https://cointelegraph.com/news/apple-removes-crypto-podcast-reportedly-ranked-4-in-investing-from-us-itunes-store 
https://www.coindesk.com/off-the-chain-crypto-podcast-apparently-blocked-on-apple-itunes/ 
https://www.newsbtc.com/2018/11/06/apple-reportedly-removes-crypto-podcast-continued-crackdown-on-industry/ 
https://cointelegraph.com/news/blockchaincom-wallet-adds-stellar-announces-125-mln-xlm-airdrop-to-drive-adoption 
https://cointelegraph.com/news/etoro-launches-bespoke-cryptocurrency-wallet-for-bitcoin-and-three-altcoins 
https://www.coindesk.com/the-number-of-bitcoin-short-positions-hits-3-month-low/ 
https://www.coindesk.com/15-banks-join-dtcc-post-trade-blockchain-as-project-enters-testing/ 
https://www.ccn.com/venezuelas-supreme-court-orders-indemnity-payments-in-state-crypto-petro/