Market News, December 19, 2019

CYPTOCURRENCY MARKET NEWS

(News No. 96)

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.

Mexican President Sees Prompt U.S. Ratification of USMCA Trade Deal

White House adviser says India must lower tariffs on U.S. products

Angela Merkel hits out at US sanctions on Nord Stream 2 pipeline

UK companies fear hit from Brexit migration rules

Wall Street index rose slightly due to uncertainty in the impeachment basis of the US president

BitGo Wallet to Stop Bitcoin SV (BSV) Support in February

Chinese Crypto Fitness App Reportedly Under Investigation for Fraud

US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity

India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies

Crypto Remains Unregulated in Russia — Lots of Talk but No Action

WORLD NEWS The Degree of Influence

1

Mexican President Sees Prompt U.S. Ratification of USMCA Trade Deal

Mexican President Andres Manuel Lopez Obrador said on Wednesday that he expected a speedy

ratification by the U.S. Congress of the United States-Mexico-Canada Agreement (USMCA) trade

deal after a congressional committee backed the accord on Tuesday.

Speaking at a regular government news conference, Lopez Obrador said there was "every indication"

that Congress would complete approval of the deal in the next few days.

Neutral

2

White House adviser says India must lower tariffs on U.S. products

The United States is “engaged” with India on trade issues but wants India to lower its tariffs, White

House trade and economic adviser Peter Navarro said on Wednesday.

“We’re engaged with India,” Navarro told Fox Business Network in an interview.

“We’ve got to get India ... to lower their tariffs and make nice with their trade,” he added.

India’s trade minister in October said the broad outlines of a deal had been worked out, but Navarro

on Wednesday gave no details about where talks or any U.S.-India trade agreement stood.

U.S. President Donald Trump and his administration have notched two long-sought trade wins this

month, finalizing a long-sought pact with Mexico and Canada and announcing plans to ink a “phase

one” trade deal with China next month.

Neutral

3 Angela Merkel hits out at US sanctions on Nord Stream 2 pipeline Neutral

Chancellor Angela Merkel has criticised US sanctions against the new $9.5bn pipeline that will

transport Russian gas to Germany, but said Berlin would not impose punitive measures of its own in

response.

Ms Merkel said Germany was “opposed to extraterritorial sanctions” of the type voted through by the

US Congress this week against the Nord Stream 2 project. But during a question-and-answer session

in the Bundestag, she said Berlin had no intention of imposing counter-sanctions on the US

4

UK companies fear hit from Brexit migration rules

More than 70% of 304 businesses surveyed by the Confederation of British Industry said reduced

access to skilled workers was the biggest threat to the country's labour market.

Net migration by EU citizens to Britain dropped to 48,000 in the 12 months to June, its lowest since

the start of quarterly records in 2009, according to official data published last month.

The CBI said 65% of respondents in its survey believed Britain's labour market had become a less

attractive place in which to invest and do business over the past five years, the highest proportion

since the survey began 22 years ago.

The survey also found weaker hiring expectations than in 2017 and 2018

Positive (+)

5

Wall Street index rose slightly due to uncertainty in the impeachment basis of the US president.

The S&P 500, Nasdaq Composite, Nasdaq 100 and Russell 2000 indexes reached intraday highs

before rising and falling.

Neutral

The Nasdaq and Nasdaq 100 are up about 0.05% each. Russell increased by 0.25%. The trio ended

with a sixth straight increase, the Nasdaq and the Nasdaq 100 up less than 0.1% each.

But the S&P 500 and Dow Jones industries closed with small losses after five consecutive increases.

S&P loss is 0.04%, equivalent to 1.4 points and Dow Jones's 0.1% is equal to 27.88 points.

Interest rates rose modestly with 10-year bond rates rising to 1,919% from 1,889% on Tuesday. The

price of gold and crude oil is basically little changed. Texas light sweet crude futures fell 14 cents to

$ 60.8 a barrel. Brent oil futures rose $ 0.06 to $ 66.16 a barrel. Gold futures dropped $ 0.8 an ounce

to $ 1,479.8

CRYPTOCURRENCIES NEWS The Degree of Influence

1

BitGo Wallet to Stop Bitcoin SV (BSV) Support in February

The BitGo wallet has warned it will not support the Genesis hard fork for Bitcoin SV (BSV). The

protocol change will mean the wallet can no longer carry the asset, as it will not be able to receive

funds.

The reason for the discrepancy is the decision of Bitcoin Satoshi’s Vision to take up a new consensus

protocol, explained BitGo. As the wallet cannot use the new consensus approach, it will be unable to

send and receive coins.

The wallet team has issued a warning that the asset will not be movable from February 4, and there

is no intention to upgrade or continue to carry BSV.

Negative (-)

2

Chinese Crypto Fitness App Reportedly Under Investigation for Fraud

A Chinese cryptocurrency fitness app has reportedly been placed under investigation for allegedly

illegal fundraising practices and financial fraud.

Nikkei Asian Review reported the news on Dec. 18, citing documents ostensibly accessed by its

affiliate publication, KrASIA.

According to the report, the market regulator in Changsha, the capital of Hunan province, is

investigating a fitness app that promised to reward users with cryptocurrency “candies” in exchange

for being active.

Neutral

By clocking 4,000 steps a day for 45 days, users of the app, dubbed “Qubu,” could purportedly earn

15 candies, which could then be traded in for cash or used to unlock app features promising higher

rewards.

The candies were purportedly marketed as “wealth management instruments” with a lucrative offer

of a 36.8% return over a 60 day period. The investment scheme urged users to recruit further app

users “downline” to earn extra income. Qubu purportedly claimed to have on-boarded 95 million

registered users by December of this year.

3

US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity

A member of the United States Federal Reserve’s board of governors appears to believe that one in

four people who use Bitcoin (BTC) are criminals.

Lael Brainard highlighted the perceived risks still posed by cryptocurrencies in remarks delivered

today in Frankfurt Germany. Brainard was speaking as part of a panel honoring Benoît Coeuré, a

member of the executive board of the European Central Bank (ECB).

Negative (-)

4

India’s Income Tax Department Is Secretly Training Its Officials to Investigate

Cryptocurrencies

The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies.

An internal guidebook circulated by the department explains cryptocurrencies, their characteristics,

the “dark side of Bitcoin” and the best investigation practices for tax officials.

Positive (+)

The Indian government doesn’t consider cryptocurrencies as legal tender, but it also hasn’t declared

them outright illegal. Crypto investors are therefore still doubtful on how to show their investments

in their annual income tax returns. Due to all these circumstances, earning through cryptocurrencies

is a gray area for the Indian crypto community.

5

Crypto Remains Unregulated in Russia — Lots of Talk but No Action

At the end of November, news surfaced that Russian cryptocurrency users, who have been operating

in a regulatory gray zone, could soon be at risk as the nation’s financial authorities reportedly join

forces to outlaw the use of digital assets as a payment instrument.

Shortly after, the country’s interior ministry confirmed rumors that it was on track to developing a

legal framework for confiscating digital assets, which could come into effect as soon as 2021. Finally,

the head of Russia’s main financial intelligence agency, the Federal Financial Monitoring Service,

has also spoken unfavorably before parliament about the prospects of legalizing crypto use.

Negative (-)

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

4. Update function “Transfer IZI among accounts within the system” on the website

https://www.izichain.io

5. Temporarily delay deposit on coineal and will be notified later.

6. IZI launches Market Marker, part of IZIChain’s ecosystem.

For more details at : https://izichain.io/marketmarkeren.html

7. IZI is pleased to announce the go live "IZIChain Swap Crypto". The product makes it easy to

exchange between 150+ currencies.

Go to: https://izichain.io/swap-crypto

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 7,323.40 6,667.10 9.84%

Ethereum 133.5 122.81 8.70%

Brent Oil Futures 66.16 66.1 0.09%

Crude Oil WTI Futures 60.8 60.94 -0.23%

Gold 1,479.80 1,480.60 -0.05%

Dow Jones 28,241.42 28,267.16 -0.09%

USD Index 96.975 96.777 0.20%

3. CRYPTOCURRENCIES MARKET COMMENT:

BTC

1st Support Level (Long term) $5,000-$5,400 1st Resistance Level ( day) $12,000-$13,500

2nd Support Level (week) $6,000-$6,700 2nd Resistance Level ( week) $10,000-$12,000

3rd Support Level (day) $6,800-$7,200 3rd Resistance Level ( Long term) $9,000-$9,500 4th Support Level (short term) $7,300-$7,700 4th Resistance Level ( Long term) $8,000-$8,500

- BTC has just rebounded strongly above the threshold of $ 7,200 and brought joy to swing trading investors. However, this is just

a technical recovery.

- As observation, the probability of BTC failure to conquer the level of $ 7,200 is possible, and this will cause BTC to reach the level

of $ 6,100 -$ 6,200 when investors take profits when they see the possibility of exceeding $ 7,200 lower.

- Investors who made wrong decisions when buying BTC at high prices may consider restructuring the portfolio during this period.

- In the short term, BTC will fluctuate around $ 6,600-$7,200 or anchor around $ 7,200.

Recommendation:

- The short-term investor can have swing trading as recommendation. (Buy : $6,200 - $6,600 & Sell : $7,200)

- Long-term investors: should consider opening a sell position when the BTC fails below $7,200 - $7,300 and turn to retest this

point.

ETH

1st Support Level (Long term) $84 1st Resistance Level ( day) $220-$255

2nd Support Level (week) $104 2nd Resistance Level ( week) $180-$190

3rd Support Level (day) $122 3rd Resistance Level ( Long term) $175

4th Support Level (sort term) $146 4th Resistance Level ( Long term) $164

- ETH price has moved from the SL $ 122 area to the previous $ 135 zone with increased buying value compared to previous days.

With weak buying power, the probability that ETH will surpass $ 135 and reach $ 146 is not high unless there is more buying power to

push prices higher.

- With the medium-term trend continuing, the next destinations will be $ 104 and $ 83. These are two important levels in the price chart

of ETH, so here will occur relatively strong recovery.

- In the short term, the price action of ETH will be to re-test the $ 135-$146 zone, which will dominate the whole market and will

continue the trend in the medium term after the test is completed, so the short-term fluctuation zone is $ 122 -$146.

Recommendation:

- Short-term investors should limit in swing trading around SL&RL respectively because of high risk. (Buy $122 – Sell $ 135).

- Long-term investors: may open short positions when ETH price retests the zone of $ 146 and turns down

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 continue observing the return of cash flow in the medium and long-term trend.

- The trend of the cryptocurrency market is the continuation of the downward trend channel in the medium and long term. There is no

sign of sustainable price increase in the long term. In this trend, there will be small increases in price in the short-term movement of the

market, this is an opportunity for both short-term investors to make profits and long-term investors to restructure the portfolio.

- BTC is currently testing the SL zone in the short term. Small investors still hope this area can sustain in the near future. In the medium

term, the possibility of a breakdown of this zone is still possible and then the $ 6,000-$6,600 area will be the new SL 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.