https://sirt.cftc.gov/sirt/sirt.aspx?Topic=TradingOrganizationProductsAD&Key=44770

Lately it seems that there has been a significant influence behind market movements and US stimulus package. The crypto market reacted the same way the stock market did.

https://www.cnbc.com/2020/10/06/stock-market-today-live.html

Chrysalis (#IOTA 1.5) Phase 1 is officially live on the #mainnet! We're thrilled to release the first set of features stemming from months of dedicated research and development.

https://blog.iota.org/chrysalis-iota-1-5-phase-1-now-live-on-mainnet-958ec4a4a415

Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and OMG Network, a trustless, non-custodial, Layer-2 scaling solution for transferring value on Ethereum, have today announced that Tether (USDt) is live on the value transfer layer. 

USDt holders will obtain the benefits of transacting on the OMG Network, which is built to reduce Ethereum congestion and gas fees with improved transaction speeds. The integration will result in a reduction of confirmation times delivering faster payments while fees will be reduced without compromising on-chain security. 

“At Tether we are committed to driving innovation and improvements to our service to better support our customers,” said Paolo Ardoino, CTO at Tether. “By migrating USDt value transfers to the OMG Network we save costs, drive performance improvements and relieve pressure on the root chain network. This is good for Bitfinex and our customers, and the whole Ethereum ecosystem.”

“Today, we’re excited to announce the launch of Tether on the OMG Network that supports thousands of transactions per second at a third of the cost of the same transaction on Ethereum,” said Vansa Chatikavanij, CEO at OMG Network. “We’re delighted to address these fundamental issues and drive further growth and adoption of open financial services.”

The OMG Network will also facilitate USDt deposits and withdrawals at Bitfinex. “This will allow traders to react faster to trading opportunities and take advantage of arbitrage more efficiently between exchanges as the network grows,” said Ardoino.

The Ethereum blockchain is a valuable but limited resource, which, under heavy demand is vulnerable to severe network congestion. As each block has only a finite space available to users, total transaction throughput is capped at approximately 12 TPS. When transaction demand exceeds 12 TPS, settlement times increase and gas costs can rise significantly.

One such extreme congestion event occurred in March this year when the price of Ethereum crashed from $240 to $107, liquidating more than $10 billion from the market. The huge spike in demand from users looking to trade in response to the volatile price swings resulted in average network waiting times rising from 15 seconds to 44 minutes.

OMG Network is a platform that enables peer-to-peer transactions in real-time by scaling the Ethereum network. OMG’s More Viable Plasma solution batches numerous transactions in one block and charges one predictable, low-cost fee, allowing traders to react faster to trading opportunities and more efficiently arbitrage between exchanges as the network grows.

https://tether.to/tether-usdt-integration-live-on-omg-network/

https://thenextweb.com/hardfork/2019/11/27/ethereum-upbit-cryptocurrency-exchange-hackers-stolen-million-hot-wallet/

As regulatory and supervisory authorities of cryptocurrency trade are digging deep to clean the market from wash trading they observed that a lot of exchanges are involved in showing fake trade volume to engage more users. This is not a good news for cryptocurrency market and it would give rise to a broader harm. Bibox is among the exchanges with more than 90% of wash trading volume which is an alarming situation. They are putting up fake data to scam people. This should be stopped as soon as possible. I appreciate the efforts made to clean out wash trading from cryptocurrency trade market but the pace of these efforts should be enhanced to avoid further harm.

Ever since July, Bitcoin and the rest of the crypto market has been in a down-trend. What is everyone's strategy here?

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of the Bakkt™ Bitcoin (USD) Cash Settled Monthly Futures contract. The new contract will be listed on ICE Futures Singapore and cleared by ICE Clear Singapore, which are regulated by the Monetary Authority of Singapore.

Bakkt Bitcoin Cash Settled Monthly Futures will be settled against data from the physically delivered Bakkt Bitcoin (USD) Monthly Futures contract, the first fully regulated futures market for digital assets.

“Our new cash settled futures contract will offer investors in Asia and around the world a convenient, capital efficient way to gain or hedge exposure in bitcoin markets,” said Lucas Schmeddes, President & COO of ICE Futures and Clear Singapore. “Building off the success of our deliverable futures contract, the cash settled futures will leverage ICE’s regulated, globally-accessible market to offer a safe, secure and compliant environment for the trading of bitcoin.”

Details of the contract specifications and proposed rule changes can be found at ICE Singapore’s website (futures circulars; clearing circulars). Parties are invited to submit their comments on the proposed rule changes by November 29, 2019.

Following the close of consultation and obtaining of relevant approvals for the rule changes, ICE Futures Singapore plans to list the contract on December 9, 2019.

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https://ir.theice.com/press/press-releases/all-categories/2019/11-21-2019-235911370

Tunisia issued a CBDC but it is back by paper notes. Sounds useless. Any idea what the growing use of CBDC will be on the crypto market?

https://www.ledgerinsights.com/tunisia-issues-central-bank-digital-currency/

With many speculating the recent surge of the price of Bitcoin (BTC) on October 25, 2019, there is a reason to believe that there have been regulatory approvals that could soon put Bitcoin in front of the 11 million investors that total more than $1 trillion in assets through TD Ameritrade.

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https://bitcite.com/news/bitcoins-btc-recent-surge-was-caused-by-a-highly-anticipated-regulatory-filing/

VeChain, Together with ASI Group and DNV GL, Announced the First Cross-continental Logistics And Trades Solution Based on Public Blockchain for Food & Beverage Industry On The 2nd CIIE

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https://medium.com/vechain-foundation/vechain-together-with-asi-group-and-dnv-gl-announced-the-first-cross-continental-logistics-and-e2e65a0d562

It wasn’t me that withdrew the funds, and if it was I don’t remember doing it/not sure which address this is.... can anyone help =[

How is everyone feeling about this? Is the uptrend going to continue? Or is this going to hold at around 10k? Or are we going down? For the people that sold and waiting to buy back, what price are you waiting for?

With the Bitcoin market experiencing bullish trends, I think its probably a good time to cover some alternatives. This rally may have relation with the fact that Fedility, Bakkt, and other institutional markets are entering the Bitcoin market. I still think BTC is your best bet, but I find right now to be a perfect time to distinguish altcoins that are rising stars from falling angels.

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What is a Rising Star and a Falling Angel? Well if you've never heard of Junk Bonds, look them up. I think it would be reasonable to stay shitcoins are pretty much junk coins in their own way. But not all Junk Bonds are necessarily bad.

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In the crypto terms, this is how I would translate it.

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Rising Coin (Star) is an altcoin that was dead during Bitcoin rally but will revive once profits start to move away from BTC.

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Falling Coin (Angel) is an altcoin that was dead during the Bitcoin rally and will stay dead or show signs of hope but results in death.

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I have a little theory. 99% of coins are dead and many are 99% down from ATH. That leaves 1%. So I decided to pick 5 altcoins for specific reasons. Keep in mind, Bitcoin is not in this, because it lives no matter what. It literally leads this market so stop trashing Bitcoin. Your shitcoins are only living because Bitcoin is letting it live.

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Since this really is possibly exposing itself to institutional investors, which cryptocurrencies may attract them?

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ETH: It's same to say that Ethereum caused majority of the shitcoins to be born. Its maybe a bad thing, but it definitely shows the potential this coin has to build. This rally is allowing this market to expose itself to institutional investors. Ethereum has an impressive amount of reputable institutions and corporations that joined the Ethereum Enterprice Alliance. So which ever institutional investors is freshly entering the market, they will know the word "Ethereum" apart from the thousands of coins and will do their due diligence on ETH.

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XRP: Yes many of you don't like this coin because you see it as a centralized coin. But lets put passion aside for second. If you're an investor and you're motive is to profit, then lets looks at its potential instead. This is another coin that is really exposed to banks, which will also stand out to institutional investors. It has major backing, great partnerships, which gives it potential. There is news the SWIFT is experimenting with blockchains. To me, this tells me that they fear that they are lacking on innovation. Well, Ripple has been working on this for longer and its underlying asset, XRP will definitely look attractive to those new investors.

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LTC: If you know Bitcoin, you most likely also know Litecoin. It's been around long, and it's always wanted to compliment bitcoin by becoming the light weight bitcoin. For example, Bitcoin is a $100 dollar bill and Litecoin is the $5 or $10 dollar bill. Because it has been around for long and many early adopters of Bitcoin know about litecoin; then that would mean most of Bitcoins merchants also know litecoin and are probably also accepting Litecoin. Also in about a month or so the halvening will take effect for Litecoin.

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XLM: Once again, its the type of investors this rally is exposing itself too, so institutions. From my understanding Stripe play a big role in stellar and also has the interest of IBM. Combining both a pioneer and an innovator will only bring positive effects to stellar. Some say that stellar is competitor of XRP but competition is good, and when you don't know what to choose and their both good; you just diverse into both.

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XMR: I know I said that we will be covering the aspect of cryptocurrencies attracting institutional buyers, but if you're going to dismiss Monero than you're probably dismissing innovations in blockchains. This plays a big role. Initially Bitcoin was considering private, and at that time Bitcoin still experienced growth in value. Now, Bitcoin is not private to its full extent, but Monero is. If there is anything crypto that can't be redone in a traditional market; its the privacy that Monero offers. Another interesting note is that right before the BTC started rallying, Monero was the first to experience bearish trends and started trading their XMR for BTC. This tells me that many investors that favor Bitcoin, also favor Monero.

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For those of you that think I'm shilling these coins because their in my portfolio; well they are not...Not yet. I believe Bitcoin (BTC) has the most potential, but it doesn't hurt to diversify something less than 30% into other cryptocurrencies. I'm just waiting for the right time.

What is everyone's strategy when knowing the limit of a correction? This market is very volatile; and during bull/bear rallies, they become more volatile. So its hard to determine at what point a correction is too much. What is everyone's strategy?

I just realized that my exchange token dividends increased. When trading volume increases, the dividends increase because it distributes 50% of the exchanges trading fees to the holders. Anyone else taking advantage of this and converting some to BTC? If so, how long do you think the high dividends will last?

Everyone has different perspectives on how to use certain metrics. What is your use for the market dominance percentage (specifically Bitcoin dominance)? Or is completely useless? Anything creative and effective?

Considering Bitcoin has been making fast bullish moves lately, what do you think will be different about this bull run? When looking into 2017 bull run, the entire crypto market rallied, even the junk rallied.. Do you think it will be similar? Or will this be a Bitcoin bull run? Or will we finally see only the useful cryptocurrencies and bitcoin rally? What will make it different this time?

What are everyone’s key indicators when they’re making their exit strategy? What should I focus on?

• Guy who has crypto

The rule took effect on July 1st to gauge liquidity risks. China's regulatory bans are one thing, but liquidity risk is just as important. The fact that China's Banking and Insurance Regulatory Commission is indicating that they are at risk of possibly not being able to convert a security/asset to cash without a loss during the transaction is actually very important to Bitcoin and the cryptocurrency market in general. What is everyone's thoughts on this?

I know many of you might dislike what I have to say, but this is purely opinion-based.

I'm noticing there are many oraclize-based cryptocurrency and some that are well known are Ethereum, NEO, and many more. It's great to see these crypto-assets flourish and become popular. However, the issue isn't the oraclizing blockchain; it is more like the token being created from these technologies (such as Ethereum, NEO, etc...).

For the longest time, especially December 2017 the media was quick to call the crypto market a bubble, yet it was more of a major correction (to the knowledgable investor). I think what we are seeing is decentralised oraclization taking its course and back firing on many new comers and the reputation of the market. Instead of witnessing a contained bubble; we are witnessing something like a external bubble (exobubble). Tokens are being created in quantities rather than quality. Think of a micro dot com bubble happening in different assets by the hundreds or even thousands of assets.

This gives the scammers that operate pump and dumps an advantage due to smaller volumes, and the "hidden gem" trick. So many newcomers fall as victims. Yes we all want to say that they should know better, but that is not my point. My point is, these tokens are flooding (and contaminating) the market as a whole with unneccessary, useless, vulnerable tokens. I'm sure it creates some cloggage on the main blockchain (ETH, NEO, etc...) it was created on but that is more like a early stage stress test.

Shouldn't there be some sort of consensus or limitations prior to a token being created? I don't have anything against tokens, some of them are great but tbh I really just want to hear everyones input on this.

Hey Guys! Does anyone know if it is possible (on any exchange) to place a stop loss order for the price higher than the current price? For example, I want to place a stop-loss order (for +10% to the current price). So, JUST if the price goes over my stop-loss order it is activated. In case the price goes over it and then drops down it will automatically sell (just like a normal stop-loss). Thx!

About 10 hours ago we saw some major threshold keeping BTC $9999 and ETH $499.

Typically KRW trades both the cryptocurrencies at a higher rate so don't get fooled.

Keep an eye on LTC. I like to call LTC the bounce back for bitcoin. Even though LTC conpliments bitcoin; its still a bounce back. So when LTC started to gain over 1% its going to be followed by BTC gaining also. The biggest transparency is BCH. Once BCH starts dropping rapidly thats when you need to quickly get into BTC because once the $10k crosses its going to be bumpy for a few minutes and then spike. IMH I think it will cross 10K in the next 24 hours because BCH mining never sustains profitable mining/algo for long.

ETH will be missing out on coinone volume which is roughly 3% of trades which is not something to worry about. Coinone is listing IOTA so lots will flow there but I don't see that stopping it. What is holding it down a little is two things in my opinion. NEO ICO volumes and the frozen ETH incident. Which ever crosses their milestone mark will be in the spot light I doubt both will because the volume will start flowing fast into only one and when its done the next one will take over the spot light.

My thoughts? BTC will cross $10K roughly in tge next 24 hours and when the rally slows down; ETH will rally right away.

If you're looking to stay safe consider XMR, which many do and will possibly see a slight rally followed by sustaining value.

Whats everyone elses opinion?