Crypto & Blockchain Weekly Market Update sept. 28


Crypto & Blockchain Weekly Market Update

Phoenix Paradigm Indicator

In this weekly

> Weekly StatsPhoenix Paradigm Indicator
> Weekly Highlight — Bitcoin Cash & Bitmain IPO
> Weekend Podcast —What the ETF?


PPI Weekly Stats

Crypto prices seem to be at a crossroad. Technical analysis suggest there may be some more volatility in the next few weeks. This week started sideways, but prices dropped down on Tuesday. Only to recover again in the following days.

Compared to last week, the PPI gained 4.09%.

Stats from the DAA List
Check the live stats here: Dashboard

Weekly Highlight — Bitcoin Cash & Bitmain IPO

Definitely one of the biggest news items this week was the release of the Bitmain IPO prospectus. It is the first time that people can get an inside look into the financial side of one the biggest crypto mining company’s in the world. With a reported profit of over 700 million in the first 2 quarters of this year it is poised to become a headline IPO.

A side effect of this announcement was the 25% price increase of Bitcoin Cash. It is widely knows Bitmain holds a lot of BCH, the hope is some of the capital raised by the IPO will be put towards the development of Bitcoin Cash.

Read the article here.


Weekend Podcast — What the ETF?

This week we would like to bring your attention, one of the greatest producers of quality content in the scene. Anthony Pompliano, known on twitter as Pomp, did an interview with Gabor Gubacs, Director of Digital Asset Strategy at VanEck, on the bitcoin ETF that VanEck has in the works.

VanEck was the first to file a ETF for gold back in the 70’s. In the interview they discuss the difficulties they face and the similarities to the gold ETF.

To listen to the podcast.

Enjoy, and have a great weekend!


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Disclaimer: The content and information published in this update do not constitute a financial, investment, tax, legal or any other professional advice, nor shall they be deemed as a recommendation to buy or to trade with any or all of the aforementioned product units or other services. The information published in this update shall not be interpreted as an offer to issue or sell, or any invitation to an offer to buy or to trade with any financial instruments, but is intended solely to provide investors with information. Retail clients should seek assistance of an independent financial or tax advisor prior to making any investment decision.

Is the PPI a product of Phoenix Decentralized Solutions?
No, the Phoenix Paradigm Indicator is a product on the ICONOMI.net platform. If you decide you want to join the PPI, you sign-up with ICONOMI and agree to the terms&conditions of ICONOMI. We do not have any access to your personal details. Our role is to explain what the PPI is and we can help you set up your ICONOMI account by providing tutorials, personal support and guidance. If you have any questions about your participation, please contact ICONOMI.

By |2018-09-28T15:55:57+00:00september 28th, 2018|Categories: Dutch, Phoenix Paradigm Indicator, Weekly Market Update|0 Comments
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