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Daily Dose: A Day Above 10K

Bitcoin is still not showing any signs of slowing down as price continues to move and is now above the previous resistance level of around $10,300. In the daily, price is currently around $10,400+ and on track to test next possible resistance levels around $10,600 - $11,000. The 4H charts show a steady climb with a ranging price structure; intraday support is at around $10,200 - $10,000. Overall, BTC might have some more room for a leg up.

Global market cap is at $307B, while BTC's market cap is at $189B.  

Coinbase Pro, the trading platform of US-based exchange Coinbase, is launching 3x margin trading for its retail customers in 23 states. Whereas other exchanges such as BitMEX and Binance offer 100x leverage and up, Coinbase Pro has settled for a more modest 3x limit for its retail and institutional traders. Retail customers must have account records showing regular activity to qualify for margin trading, while on the institutional side, margin trading is available in 43 states and nine other countries.

North Korea is stepping up its mining operations for Monero. According to a report by Recorded Future, network traffic for Monero (XMR) mining from North Korean IPs increased 10x since May 2019. The reported network traffic has now surpassed the mining activity for bitcoin (BTC) in the country. This increase may be attributed to the efficient and cheap mining costs for XMR as mining can be done using conventional computers.

Monero is known for its anonymous transactions, which favors North Korea due to difficulty in tracking funds and bypass sanctions imposed by the U.S. and the U.N. Security Council.

An anonymous criminal is asking for a Bitcoin payment to prevent future attacks after two letter bombs exploded in the Netherlands on Wednesday. The first bomb went off at a postal sorting office in Amsterdam on Wednesday morning, with the second explosion coming an hour later in a town called Kerkrade. Nobody was injured in either explosion, but police say that the bombs were sent along with notes demanding payment in BTC to prevent further bombings. The police did not reveal how much BTC the bomber is demanding.

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


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