Bitcoin is holding tight and still well within its immediate range with immediate support around 9,100 - 9,000, and immediate resistance around 9,400 - 9,600. We can also spot key levels, with key resistance around 10,300 and key support around 8,600 - 8,500. Price structure is currently forming a tight consolidation, it is worth noting that a break above the immediate resistance level could potentially bring price to retest 9,900 (towards the key resistance). Otherwise, a strong break below 9,000 and the 50 MA support, could push price down and confirm a potential bearish scenario.
Global market cap is at $267B, while BTC's market cap is at $172B.
Wirecard AG, an internet payments and services processor and crypto card issuer, is reportedly missing $1.9 billion from its accounts after a shock disclosure from its annual audited report. Last Thursday, Ernst & Young couldn't confirm the location of the missing cash that was supposedly held by BDO Unibank Inc., the Philippines' largest bank by assets, and the Bank of the Philippine Islands. Both banks have since denied any relationship with Wirecard, both saying that Wirecard is not a client of either bank - and have pointed to bogus documents and attempted fraud as a possibility.
Markus Braun has resigned as Wirecard AG's CEO due to this situation, and the company's shares have taken a plunge of over 90% since the report has come out.
The UNICEF Cryptocurrency Fund made its largest ever investment, with eight technology companies from seven different economies receiving 125 ETH worth approximately $28,600. The funding is to be used in scaling or prototyping their respective technologies over the next six months. These companies have also received as much as $100,000 in fiat from UNICEF's Innovation Fund.
On Thursday (June 18, 2020), the Italian Banking Association (ABI), has announced its plan to speed up the implementation of a digital currency backed by the European Central Bank (ECB) by participating in related projects and experiments. The group discussed 10 considerations for a digital euro. The considerations include monetary stability and full compliance with the European regulatory framework.
According to ABI's second guideline, Italian banks are already working with distributed ledger technology called the "Spunta" project, which is intended to speed up processing of interbank settlements. A central bank digital currency (CBDC) would lead to future innovations to the traditional banking system like P2P transactions, machine-to-machine transactions and the ability to manage exchange rate and interest rate risk, the group said.
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