Over the weekend, BTC maintained a small range between 10,500 to above 9,800. This wasn't a good close for the previous week and invalidated its structure on the daily as price is now trading below the 50 MA. Today, we saw little movement in price during the Asian/AM session - just ranging from 10,000 - 10,300. Should price go for a continuation of the dump, the next potential support sits around 8,800 - 8,400. Price will need to get back above the 50 MA to have a chance for a bullish scenario - immediate resistance sits around 11,000 - 10,500. Key resistance is around 12,000.
Global market cap is at $325B, while BTC's market cap is at $187B.
On Sept. 6, Binance announced its new platform called "Launchpool platform." According to the exchange, this platform will enable users to securely farm new assets and get token rewards for staking BNB, BUSD, and other tokens. Launchpool's first addition is the Bella protocol. Under this protocol, users will be able to stake their BNB, BUSD, or ARPA tokens into three separate pools to farm BEL tokens. The staking will last for 30 days, starting on Sept. 9, 2020 00:00 AM (UTC). BEL will also be listed on Binance on Sept. 16, 2020 at 6:00 AM (UTC) with the following pairs: BEL/BTC, BEL/BNB, BEL/BUSD, and BEL/USDT.
Bella protocol was able to raised a total of $4.5 million USD via private token sale last month. Among its shareholders were Arrington XRP Capital, Alphabit, David Namdar co-founder of Galaxy Digital, and a lot more.
Microsoft Security Intelligence (MSI) tweeted out a warning to cryptocurrency owners who are also Windows users that there is a new malware going around that steals crypto wallet credentials, credit card details, and other valuable information. The malware, called Anubis, was first discovered in June, sharing a name with another malware that has been targeting Android smartphones for months, and seems to use code forked from Loki. MSI stressed that the malware seems to be controllable, with the malware's download being avoidable by avoiding fishy emails.
The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to implement a blockchain-based employee ID system through a smartphone app. The government agency will also issue tokens called "KISA Coin" to reward KISA's best employees, allowing them to purchase snacks, beverages, and office supplies. The app is currently being pilot tested, with the expectation to make it available for the entire workforce starting October. The ID system will use near field communication technology, or NFC, by scanning QR codes to access their workplaces via a blockchain platform that will handle the database. Employees will also be required to use it to access coffee shops in the agency and to borrow books from the library.
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