Un-fun fact: Did you know that it’s estimated between 120K-1M people die each year because of counterfeit drugs?
Yep, that’s exactly how we felt when we started looking into it. The times they are a-changin’ my friends! We are proud to partner up with FarmaTrust, a company that’s trying to fix that very problem by introducing transparency and security to the pharmaceutical supply chain.
FarmaTrust is the most efficient global tracking system. It provides security to pharmaceutical companies, governments, regulators and the public, to ensure that counterfeit drugs do not enter the supply chain. Their blockchain-based system uses AI and big data analytics to provide the pharmaceutical industry with value-added services that allow for more efficient processes and methods, as well as a more transparent supply chain. Their system is:
- System Neutral
- Future Proof
- Worldwide Compliant
- Want to be a part of the movement? FarmaTrust is giving away 10,000 FTT tokens, so enter now for a chance to win!
Sweepstakes Start: May 25, 2018
Sweepstakes End: June 29, 2018
Prize: 10,000 FTT, (~$500 USD)
How to enter: Qualifying winners must download the free Pryze mobile app (available now on Android or iOS) and enter to win! Be sure to have your Ethereum wallet address handy to make entry quick and easy.
If you’re interested in running a sweepstakes with Pryze, it’s easy. You can simply send an email to [email protected] to get in touch and find out more about the process.
Note: No purchase or payment necessary to enter or win. Open to those who are at least age 18 (or the age of majority in their jurisdiction of residence, whichever is older) at the time of entry. Sweepstakes begins May 25, 2018 and ends on June 29, 2018. To enter, visit the Pryze Mobile app during the sweepstakes period and fill out the entry form with your name and information. One winner will be randomly selected to receive the equivalent of $500 USD. Odds of winning depend on number of eligible entries. Sweepstakes subject to Official Rules. Details and restrictions apply. Sponsor: FarmaTrust.
Bitcoin ETF – Here’s what some experts see ahead
In an interview on CNBC, Todd Rosenbluth of CFRA and a top ETF consultant Chris Hempstead said to Bob Pisani about the likelihood of a Bitcoin ETF.
So the pair said that the ETF itself is not the problem “It’s the underlying asset”. The fact that some of the exchanges are abroad and the regulations in those jurisdictions are a concern for the SEC. They also cited custody and price manipulation as the main concern. Custody seems to be getting better in some cases as Bakkt has proven with their latest Bitcoin futures product. They provide physical delivery and have a safe storage solution.
They also said they dont think we will not see a Bitcoin ETF too soon as it’s hard for asset managers like Bitwise to “disprove a negative”.
The question was asked about how companies like Bitwise and SolidX get round the manipulation and the fact that some of the brokerages are overseas.
It was said that the Grayscale method should be shown to the SEC as that is a fund that has worked and not been compromised.
VanEck and SolidX went to a select few private firms after working out a way to get around the SEC’s regulations to sell the product to a select few investors and Bitwise’s latest attempt failed. This has led to some soft sentiment in the digital currency world but all is not lost as there are said to be more plans to try again in the future. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Bitcoin technical analysis: Support levels are in focus for now
- Bitcoin is struggling once again but the price has found some support at an internal trendline.
- Below the price level at the moment is the psychological 8,000 level.
Bitcoin is struggling like most cryptocurrencies today. The BTC/USD pair is currently trading 2.63% lower as sentiment remains weak. The price on the hourly chart is making lower highs and lower lows after the pivotal 8,233.00 support level was broken. The price is currently just under the value area now 8,164.17. This is the price where most contracts have been traded on the Coinbase exchange.
The interesting thing on the chart is the internal trendline it was respected five times in total. Two times in a previous wave series and then three more times after it was broken on October 9th. The next support level is at the 8K psychological support level and below that the consolidation low of 7701.00.
On the daily chart, the price is still firmly in a downtrend and this will only continue if the wave low of 7701.00 is broken to the downside. On the upside there is some way to go before the consolidation wave high is taken out at 8,826.00. Only when this is broken can we talk about a price recovery.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Bitcoin Whale Transfers Almost $25M in BTC from Binance to Gemini
A major player in the cryptocurrency space has just moved 3,000 BTC from Binance to Gemini. The reason for the transfer is still not clear.
It seems like yet another whale in the cryptocurrency market is again flaunting his or her money. A recent massive transfer was picked up by Whale Alert (@whale_alert) which notified the rest of the cryptocurrency community that 3,000 BTC ($25M) was being moved from Binance to Gemini.
There are a few possible catalysts for such a major move, but it seems most likely that someone is cashing out some BTC on Gemini through an OTC sale. Interestingly enough, the move came just a few hours after Bitcoin rebounded from the $8,280 price point to $8,380 or so.
Major whales have been making moves in the past few days. As BeInCrypto has reported on this past week, just two days ago one whale moved 1,000 BTC to an external wallet presumably to HODL. Another whale yesterday moved 650 BTC ($5.3M) from Coinbase to an external wallet as well, another indication that accumulation is happening behind the scenes. This uptick in high-value transfers to external wallets indicates that something may be brewing in the background.
However, this particular transfer of 3,000 BTC does not appear to be a whale interested in HODL’ing. Instead, this is transfer is likely for a possible sale or, at the very best, purchasing of altcoins on Gemini. The market has not responded to this transfer, but this is just one piece of the puzzle.
Recently, the market has been quiet, but the odd increase in high-value transfers makes one wonder — could we see a major move for Bitcoin in the coming weeks? Maybe the whales are giving us a hint.