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Daily Dose: Full Node In Your Pocket

Bitcoin's weekly support around $7,700+ is still holding as of this time. In the daily chart, Bitcoin remained sideways and will likely to remain within its current range if momentum doesn't pick up. If price picks up with significant strength from bulls, retest of its current resistance is possible.  Otherwise, a breakdown from support is imminent. Support is around $7,700 and resistance is around $8,700. 

Global market cap is at $222B, while BTC's market cap is at $148B.

* Electronics manufacturer HTC launched the Exodus 1s, their latest blockchain phone which enables users to support the bitcoin network. The company claimed the new product is the first smartphone to be able to run a full bitcoin node which would allow it to generate transactions and blocks anywhere.  

The smartphone will come with a built-in hardware wallet and users will also be able to install a 400+GB SD card for expansion of memory to accommodate the increasing data capacity required to store the full bitcoin ledger. Aside from buying and selling of cryptos, smartphone companies are also looking at blockchain technology for the security of users' private information. 

​* The U.S. Securities and Exchange Commission's (SEC) court hearing on Telegram's gram token has been delayed until February of next year, having been pushed back from its original date, October 24th. Judge P. Kevin Castel ruled that Telegram should not distribute its tokens, which have been classified as a security, before the hearing. Telegram committed to delaying the launch of the TON blockchain project and the gram issuance until April 30, 2020, so it could deal with the SEC's concerns.

 * Bitmain, the Chinese crypto mining hardware manufacturer, has opened what it claims as the world's largest BTC mining facility in Rockdale, Texas, USA. The facility is housed on a 33,000-acre site, with current capacity at 25MW, with a 50MW facility currently under construction, and the potential capacity of 300MW in the future. Bitmain established the new mining facility with an aim to make its the largest digital asset mining facility on the globe.

Today's daily dose is once again brought to you by our partner SCI News Channel.

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Wednesday, 13 November 2019
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