Bitcoin closed yesterday's candle on a good note but was rejected today at the 50 MA resistance. Currently, price has yet to break past the 50 MA and it's one indication that there are strong sellers at that area. It's still a long day for BTC as the 1D candle is not closed yet. If price is able to break 50 MA, we can see the nearest resistance around 9,700 - 9,800. Otherwise, a weak close could confirm potential lower high and push price down. Key resistance sits around 10,000, while key support remains at 8,600 - 8,500.
Global market cap is at $267B, while BTC's market cap is at $170B.
The official Telegram Open Network (TON) development group on Telegram announced that it would be discontinuing its support of the test network for TON, with remaining TON validators being turned off by August 1. TON officials recommended network participants to save all their relevant data and stop their testing processes. Users can still install their own testnet validators in order to continue their experimentation after the main testnet is terminated.
Willie Breedt, CEO of alleged cryptocurrency scam VaultAge Solutions, has reportedly been tracked down and forced into bankruptcy by a local court. Breedt was accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme. According to a report from News24, a sequestration order was initiated on July 3 by Simon Dix. Dix is one of the largest investors of VaultAge, his investment amounted to 7.5 million South African rand ($440,000).
VaultAge solutions was founded in 2018. One of its enticing pitch was a promise of weekly returns on customer deposits through crypto mining, trading, and accepting deposits starting from $50. The scheme's investors have allegedly received a measly 1% of expected gains.
Brock Pierce, Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin, has announced his USA Presidential run on Twitter. He said: "I, Brock Pierce, am running for President of the United States of America." Pierce's campaign site states that he is a pioneer of digital currency and has raised more than $5 billion for the companies he founded. His website does not say if he is seeking a nomination in a political party or if he is running as an Independent.
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