Cryptocurrency Putting the "Fun" in Funerals, Death Cross Disparity and Crypto-Controlled Traffic
Both Bitcoin and Ethereum down today at $7.5k and $410 respectively. With no general consensus being attributed by the mainstream media in the news feeds at first glance, a couple of vaguely plausible reasons for the drop have popped up after some digging around.
Mentions of Bitcoin approaching a “Death Cross” situation with respect to technical trading charts (when the 50-day moving average moves below the 200-day moving average). Given the trading history of Bitcoin and its relatively short timeline since futures were made available – there are conflicts of opinion as to whether the indicator is relevant to Bitcoin, and indeed if the calculations are appropriate in this case. Last time this happened in 2015, bitcoin rallied from $230 to almost $500.
An alternative reason for the dip could be attributed to an article published by leading financial font of knowledge "news" publication - the Mirror, sporting the headline “Over a THIRD of Brits think that 'cryptocurrency' refers to funeral finance” in a promotional piece cunningly disguised as a “news article”. Obviously they are of course correct and that’s exactly what cryptocurrency is and iterates clearly what the publication believes the intelligence levels of its readers have.
Ford has been granted a patent in the US to incorporate a token based system to control traffic flow for vehicles. From the patent application “For example, a driver of a consumer vehicle which is running late for an appointment may request to pass any participating merchant vehicles for a duration of 10 minutes on a particular road or highway for 60 CMMP tokens, at a rate of 10 seconds preferential access per token.” No mention of any ICO plans or token distribution yet, however Ford has already committed to invest some 11billion USD into electric vehicles.
New Listings on ICOformula
Created: Thursday, March 29, 2018
Need to showcase your ICO to the World?
Our ICO advertising services are launching soon. Take advantage of our early bird discounts.