CYPTOCURRENCY MARKET NEWS - IZICHAIN
Transcript of CYPTOCURRENCY MARKET NEWS - IZICHAIN
Market News, October 05, 2019
CYPTOCURRENCY MARKET NEWS
(News No.64)
1. Focus of Financial Information and Market
What’s latest news and headlines around the world related to the state of the global economy? Follow this crypto currencies newsletter to
get all updates.
U.S. unemployment rate hits 3.5%; job growth moderate
Exclusive: European Commission set to approve UK billion-pound power backup plan ( Reuter)
Stocks – Market Sees Biggest Rally Since Early September
ConsenSys Fully Acquires Ethereum Infrastructure Provider Infura
FSB chair Quarles says rise of stablecoins could pose regulatory challenges
CMBI Partners With Sequoia-Backed Startup to Develop DeFi Services
Cosmos Network Discloses Critical Vulnerability in Tendermint Core
Tether (USDT) Minted 1.7 billion coins in 2019, Boosting Bitcoin (BTC)
Upgrade security function for izichain.io website
`1IZI announces the withdrawal on October
WORLD NEWS The Degree of Influence
1
U.S. unemployment rate hits 3.5%; job growth moderate
The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth
increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade
tensions that are hammering manufacturing.
The report followed a string of weak economic reports, including a plunge in manufacturing activity
to more than a 10-year low in September and a sharp slowdown in services industry growth to levels
last seen in 2016, that heightened fears the economy was flirting with a recession.
Nonfarm payrolls increased by 136,000 jobs last month, the government’s survey of establishments
showed. The economy created 45,000 more jobs in July and August than previously estimated.
Economists polled by Reuters had forecast payrolls would increase by 145,000 jobs in September.
September’s job gains were below the monthly average of 161,000 this year, but still above the
roughly 100,000 needed each month to keep up with growth in the working-age population. The
smaller household survey from which the unemployment rate is derived showed a jump of 391,000
in employment in September.
These factors, together with benign wage inflation, are likely to prompt the Federal Reserve to cut
interest rates at least one more time this year, economists said.
Neutral
2
Exclusive: European Commission set to approve UK billion-pound power backup plan (
Reuter)
The European Commission is set to give the go-ahead for British power companies to receive a total
of roughly one billion pounds to help them bear the cost of maintaining extra generation in case of
outages, three sources said on Friday.
The payments were delayed after a Luxembourg-based European court ordered the Commission, the
EU executive, to get more details on elements of the British capacity mechanism, which pays utilities
to make electricity available at short notice.
Another said the Commission was keen to finalise the decision, given the amount of work done and
the uncertainty surrounding Britain’s departure from the European Union scheduled for Oct. 31.
Although payments promised so far would be released, any future aid could have different conditions
attached.
The British government has said that in the event of a no-deal Brexit, in which Britain leaves the bloc
without further agreements, national legislation concerning state aid - under which capacity auctions
take place - becomes law.
Neutral
3
Stocks – Market Sees Biggest Rally Since Early September
Stocks enjoyed their best day since early September Friday as Wall Street was cheered by a solid jobs
report that saw the unemployment rate hit a milestone low.
Negative (-)
The S&P 500 and the Dow Jones industrials jumped 1.42% each. The Nasdaq Composite and Nasdaq
100 indices added 1.4% and 1.5%, respectively.
The S&P 500's point gain was its best since Aug. 13. The gains for the Dow – about 372 points – and
Nasdaq were their best since Sept. 5. The rally cut the Dow's and S&P 500's losses for the week to
0.9% and 0.3%, respectively. The Nasdaq finished up 0.5% for the week.
Interest rates fell even as stocks climbed, in part because Federal Reserve Chairman Jerome Powell
said he is looking for ways to boost inflation. The 10-Year Treasury yield fell to 1.531% from
Thursday's 1.536%.
Crude oil moved higher. West Texas Intermediate was up 36 cents to $52.81. Brent futures, the global
benchmark, rose 66 cents to $58.37. They were off 5.5% and 4.4% respectively for the week.
Gold futures were down slightly at $1,512.90, but up 0.4% on the week.
CRYPTOCURRENCIES NEWS The Degree of Influence
1
ConsenSys Fully Acquires Ethereum Infrastructure Provider Infura
Ethereum (ETH) venture production studio ConsenSys has announced that it had fully acquired
Infura, a blockchain infrastructure provider that the firm previously backed.
Infura is providing Ethereum infrastructure for building decentralized applications, allowing
developers to deploy their solutions without hosting their own full node. In July 2019, the firm
launched Infura+ and introduced three new subscription tiers.
In late September, ConsenSys launched the Impactio platform to bring transparency into philanthropy
in partnership with the World Wildlife Fund.
Positive (+)
2
FSB chair Quarles says rise of stablecoins could pose regulatory challenges
Randal K. Quarles, the chair of the Financial Stability Board (FSB), has said that the potential rise of
stablecoins could cause regulatory challenges.
“Although there is a small risk to financial stability today, there is no doubt the potential scale of
stablecoins and other crypto-assets yet to emerge may pose regulatory challenges,” Quarles said at
the European Banking Federation's summit in Belgium on Thursday.
Quarles, who is also a governor and vice-chairman of the supervision department at the U.S. Federal
Reserve, further said that the FSB has had discussions about regulating and supervising stablecoins
and crypto-assets.
Positive (+)
“We have already begun work to identify which regulations exist that apply to stablecoins in our
jurisdictions, and once that assessment is complete, we will report to the G20 on any appropriate
actions that need to be taken to ensure that financial stability is not negatively affected by their
[stablecoins’] introduction,” said Quarles.
The official made similar remarks earlier this year, saying that the emergence of crypto-assets could
be a challenge for the agency, but that makes "the goal of a robust framework all the more important."
3
CMBI Partners With Sequoia-Backed Startup to Develop DeFi Services
China Merchants Bank International (CMBI) is partnering with Nervos Network — a Chinese
blockchain startup founded by a former researcher and developer of the Ethereum Foundation.
A press release published on Oct. 3 revealed that the new partnership will focus on jointly developing
decentralized finance (DeFi) applications and helping Nervos to grow its network in the financial
services industry.
Positive (+)
4
Cosmos Network Discloses Critical Vulnerability in Tendermint Core
In a forum post published on Oct. 1 blockchain interoperability platform Cosmos has disclosed a
“high-severity security vulnerability” that was found in consensus engine Tendermint Core.
According to the announcement, an update patch was released the following morning. The
vulnerability reportedly affected all versions of Tendermint, on which Cosmos is built. All validators
Neutral
and service providers on Tendermint-powered networks are encouraged to update their software as
soon as possible.
The Cosmos platform allows individual blockchains to communicate and transact with each other.
Developed by the Tendermint team, it employs an inter-blockchain communication protocol to
establish blockchain interoperability
5
Tether (USDT) Minted 1.7 billion coins in 2019, Boosting Bitcoin (BTC)
In 2019, the gains in Bitcoin (BTC) may have received a boost from a series of injections of Tether
(USDT) on the open market. For the three quarters of 2019 completed so far, Tether has minted 1.5
billion coins, while migrating some of the coins from the Omni layer into the Ethereum network.
Analysts have once again noted there are links between the price of BTC and the increased supply
of stablecoins.
Over the course of 2019, there has been a net total of $1.5B worth of Tether minted on both Omni
(USDT Omni) and on Ethereum (USDT ERC2O).
Currently, the supply of USDT has not increased, staying almost constant above 4.108 billion coins.
At the same time, new USDC was recently minted, showing increased influence. USDC, the fully
backed coin active on Coinbase, is the fastest-growing dollar-pegged asset, adding around $455
million to the crypto market in the past 12 months.
Positive (+)
Over the past few months, USDT has taken over as the most actively traded digital coin in the
whole market. Stablecoins have displaced other assets in base pairs, rising to a share of 35% of all
trades. Whale alert bots note medium-range activity, with millions of coins moving to exchanges.
The influence of stablecoins is closely watched, as BTC once again stagnated above $8,000, while
giving no clear signals of its future direction.
IZI NEWS The Degree of Influence
1
Summary of important events:
1. Plan to open deposit on Coineal.com on October 10, 2019
2. Close synchronization of Airdrop and Bounty Global balances from July 20, 2019 to November
2019, pay 20% per month.
3. Airdrop V2 program at: https://t.me/IZIChainNetworkAirdropV2Bot
Positive (+)
2
To izichain supporters,
Many investors of izichain on Coineal exchange requested us to postpone the day openning
deposit. They have been trading izi on coineal market with much higher price than other markets.
So that it is not justice for them.
In order to protect the users on Coineal that izichain did IEO before, we will open deposit AFTER
2019, October, 10th and announce later.
Beside that, we have a plan to list on an new exchange forthcoming.
Please keep your eyes on us to get more updated benefit.
Positive (+)
3
Upgrade security function for izichain.io website
The system will check whether the device is being accessed from the new device or from the
new location will be required to authenticate by sending the OTP code via email.
Follow at : https://www.izichain.io/iternaltransfer.html
Positive (+)
4
❤️❤️We are happy to announce the withdrawal of IZI on October.❤️❤️👇👇
✅ Go to: https://www.izichain.io/withdrawal.html
✅ Amount paid: 20% on October.
Pay 20% per month to November 2019
✅ Because the amount paid is only 20% in the number of bounty and airdrop, so the withdrawal is only
valid for early registration accounts. The remaining accounts will receive a message "Withdrawal service
has been temporarily suspended"
✅ Withdrawal requires you have must KYC: https://www.izichain.io/kyc.html
✅ The orders with "wait approval" status have been recorded and processed, and upon successful
confirmation we will email you.
➡️ Add ERC20 Token
Contract: 0xdf59c8ba19b4d1437d80836b45f1319d9a429eed
Name: IZIChain
Symbol: IZI
Decimals: 4
We recommend the following wallets: Trust Wallet, MyEtherWallet, Parity, MetaMask, Mist, imToken
(iOS & Android)
https://etherscan.io/token/0xdf59c8ba19b4d1437d80836b45f1319d9a429eed
Positive (+)
2.Comparison Table for summary of important product
Comparison Table ( In USD)
Name of Product Current Price The price of the
previous day Change Note
Bitcoin 8,188.20 8,257.89 -0.84%
Ethereum 177.01 175.37 0.93%
Brent Oil Futures 58.5 57.71 1.37%
Crude Oil WTI Futures 52.98 52.45 1.01%
Gold 1,512.90 1,513.80 -0.06%
Dow Jones 26,570.90 26,201.04 1.41%
USD Index 98.51 98.54 -0.03%
3. CRYPTOCURRENCIES MARKET COMMENT
BTC
1st Support Level (Long term) $6,800-7,200 1st Resistance Level ( day) $15,000-$17,200
2nd Support Level (week) $7,700 2nd Resistance Level ( week) $13,500-$15,000
3rd Support Level (day) $8,000-8,500 3rd Resistance Level ( Long term) $12,000-$13,500
4th Support Level (short term) $9,000-$9,500 4th Resistance Level ( Long term) $10,000-$12,000
- BTC has just shown a disappointing week on the upward trend again after hitting the SL $ 7,700 and $ 8,000 threshold.
- If BTC price keeps moving sideways, there is a possibility of a slight rally to $ 9,500 within a month. In the worse case, the
possibility of a mid-term SL threshold of $ 6,000- $ 7,000 is probable.
- In the short term, BTC continues to fluctuate around $ 8,000 - $ 8,800. But if the force of sale appears, the probability of the SL $
7,700 threshold could be broken.
Recommendation:
- The short-term investor can have swing trading as recommendation. (Buy: $8,000 & Sell: $8,500 - $8,800).
- Long-term investors: should not open position when SL in the medium term has not been clearly confirmed.
ETH
1st Support Level (Long term) $146 1st Resistance Level ( day) $320-370
2nd Support Level (week) $164 2nd Resistance Level ( week) $290-320
3rd Support Level (day) $180 3rd Resistance Level ( Long term) $255-290
4th Support Level (short term) $190 4th Resistance Level ( Long term) $220-255
- The RL $ 180 threshold is showing its role when the ETH price approaches this area after many times of being repeatedly went
up and down,. Although this is a short-term reaction, it is enough to trigger a short-term sell-off trigger from short-term
investors.
- It is likely that in the next few days ETH will return to the $ 164 zone and then bounce back to the $ 200- $ 220 zone.
Simultaniously the possibility that the SL $ 164 area will be broken is still quite high.
- In the short term ETH may continue to fluctuate around the $ 180 zone or may fluctuate in the range of $164-$180.
Recommendation:
- Short-term investors can have swing trading around SL&RL respectively. (Buy $164 – Sell $180) OR ( Buy $146 – Sell $164)
with safer.
- Long-term investors: should not bottom out when ETH returns to the zone of $ 164 because this is not necessarily an SL zone in
the medium term.
4. GENERAL INVESTMENT RECOMMENDATIONS :
- Short-term investors may have the swing trading within range of the SL &RL as analyzed above.
- Long-term investors should not rush to sell at this time but should continue to observe the return of cash flow.
- After an impressive recovery phase of Altcoin, it was a turning point when it touched the short-term RL threshold. This is a sign
that the market is not ready for the next rally in the medium term.
- BTC has broken out of the $ 9,100 zone, then the $ 8,000 - $8,800 area is likely to be the next SL zone. The hope of investors
will make this area sustain in the near future. However, the possibility of breaking this area may also occur. Then the $ 6,000-
$7,700 area will be a new SL zone in the medium term.
CONTACT:
Website: https://www.izichain.io
Newsletters: https://www.izichain.io/newsletters.html
Twitter: https://twitter.com/chain_izi
Facebook: https://www.facebook.com/izichainnetwork/
Youtube: https://www.youtube.com/channel/UCMR_QEUHAOUteFFaeLAKgdQ
Reddit: https://www.reddit.com/user/izichainnetwork/
Medium: https://medium.com/@izichainnetwork
Telegram Channel: https://t.me/izichainnetworkchannel
Telegram Global: https://t.me/izichainnetwork
Telegram Network Global: https://t.me/izichainnetworkglobal
Telegram Vietnam: https://t.me/izichainvietnam
Telegram Indonesia: https://t.me/izichainindonesia
Telegram Philippines: https://t.me/izichainphilippine
Telegram Indian: https://t.me/izichainindia
Telegram Bangladesh: https://t.me/izichainbangladesh
Telegram Persian: https://t.me/izichainiran
Telegram Turkey: https://t.me/izichainturkey
Telegram Africa: https://t.me/izichainafrica
Telegram Russian: https://t.me/izichainrussian
Market channel:
Coineal:
http://h5.coineal.com/business.html?s=IZI-USDT
https://www.coineal.com/trade_center.html
ZBG:
https://www.zbg.com/trade/izi_zt
https://www.zbg.com/trade/izi_usdt
Market information:
Coinmarketcap: https://coinmarketcap.com/currencies/izichain/
Coingecko: https://www.coingecko.com/en/coins/izichain
Coincodex: https://coincodex.com/crypto/izichain/
Livecoinwatch: https://www.livecoinwatch.com/price/IZIChain-IZI
Whitepaper: https://whitepaper.io/coin/izichain
The prediction of third channels:
https://walletinvestor.com/forecast/izichain-prediction
https://digitalcoinprice.com/forecast/izichain
Etherscan:
https://etherscan.io/token/0xdf59c8ba19b4d1437d80836b45f1319d9a429eed
NOTICE:
- This newsletter is produced by the IZIChain, released daily to you hang. This message provides information and ideas is only for
reference purposes.
- This message no intention and purpose constitute financial advice, investment, transaction, or any other advice. This message not to
be construed as a solicitation or an offer to buy or sell any currencies. Information and comments do not mean to endorse or
recommend any cryptocurrencies or other investment vehicles based on mass media. IZIChain tried in the scope may use the
information complete and reliable, but we have not confirmed the information given is absolutely correct and complete.
- The reader should also note that unless otherwise stated, the IZIChain and 3rd party data provider does not warrant the accuracy,
completeness and timeliness of the data that we provide and will is not responsible for any damage related to the use of these data is
guaranteed the right common , partial or whole this newsletter are not corrected, reproduced in any form without the consent in
writing of IZIChain. Sincerely thank customers.