Bitcoin is holding above the 7,500 resistance with price now around 7,700. In the daily, BTC broke through its previous range making the 7,500 level a possible support area as it continues to tread near the 8,000 level (possible key resistance). Should price break below 7,000, it could possibly go back within 6,500 - 7,000 range. Meanwhile in the 4H chart, the 10 EMA is acting as a trail support; as long as it holds, BTC can still possibly have a leg up and test the nearest resistance area.

Global market cap is at $222B, while BTC's market cap is at $141B.

Bitcoin Miner Maker Ebang Files for a $100M US IPO - CoinDesk
Ebang International Holdings, one of the leading makers of bitcoin mining equipment, is taking another stab at going public, this time in the U.S.
CoinDeskDaniel Cawrey

Hangzhou, China-based manufacturer of bitcoin mining equipment, Ebang International Holdings, is applying for an initial public offering (IPO) in the U.S. According to the filing, the firm is looking to raise up to $100 million from the offering in the U.S. and it will be listed with the ticker symbol 'EBON' on the New York Stock Exchange (NYSE) or Nasdaq. The underwriters in this deal are: Loop Capital Markets in Chicago and AMTD Global Markets in Hong Kong.

The firm's first attempt on going public happened in June 2018 on the Hong Kong Stock Exchange (HKEX) but it failed, with target proceeds for the previous attempt at $1 billion.

US Authorities Freeze COVID-19 Website Alleged Scammer Tried to Sell for Bitcoin
The U.S. Departments of Justice and Homeland Security seized coronaprevention.org after its owner allegedly tried to sell it for $500 in bitcoin.
Yahoo NewsNikhilesh De

US authorities have seized a COVID-19 website after allegations that its owner tried to sell the domain for bitcoin - and that the owner wanted to use the site to sell fake COVID-19 test kits. The domain, coronaprevention.org, was listed on a forum "known to focus on content related to hacking and hijacking online accounts," and was being sold for $500 worth of bitcoin. An undercover agent reached out and ultimately sent a partial payment to an undisclosed bitcoin address, and the website was ultimately seized by the US Department of Justice (DOJ) and Department of Homeland Security (DHS).

1TB Free Cloud Storage from Storj Labs for Everyone Fighting COVID-19
Storj Labs have announced their COVID-19 Storage Program intended to provide free could storage to everyone currently engaged in fighting the COVID-19 pandemic. 1TB Free Cloud Storage from Storj Labs for Everyone Fighting COVID-19
Bitcoin InsiderAuthor: admin

Storj, a decentralized storage network, has announced a program offering one terabyte of free cloud storage to organizations engaged in research contributing to the global fight against the coronavirus pandemic. The program will also offer qualified organizations a monthly bandwith of one terabyte of storage on its Tardigrade decentralized cloud platform for a year.

Storj has committed up to five petabytes of data and storage toward COVID-19 research in total.

This Daily Dose was brought to you by SCI News Channel.

Share this post