Recap | Is this the correction Bitcoin sideliners have been waiting for? | Apple CryptoKit for iOS 13 suggests full cryptocurrency wallets are coming to iPhone
|CryptoSlate||Jun 5, 2019|| 6|
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As part of his winning $4.6 million bid for lunch with Warren Buffett, TRON CEO Justin Sun has the opportunity to invite up to seven guests to accompany him. His preliminary picks—Vitalik Buterin from Ethereum, Charlie Lee of Litecoin, and Changpeng Zhao (CZ) of Binance.
Apple has announced “CryptoKit,” a new framework that will allow developers to perform cryptographic operations securely and efficiently. The newly added features suggest that the iPhone may soon come with a native crypto wallet.
The market valuation of bitcoin rose more than 190 percent since the low of Dec. 15, 2018, raising the question when the retrace will come and how pronounced it will be. Now that BTC is retracing it begs the question whether this is the correction sideliners have been waiting for.
Samsung revealed that it is designing and manufacturing chips for Bitcoin mining. At the MicroBT M20 conference in Chengdu, China, this May—Charles Song, the general manager for Samsung Foundries China revealed that the company had been designing and manufacturing 3nm and 5nm chips for Bitcoin mining.
Bitcoin began to tumble after a sharp rejection at $9,000 resistance, driving the price down as low as $8,000. Within the hour BTC plunged again to $7,700 before recovering to prices just below $8,000. Is this the pullback analysts have been forecasting? Bitcoin is down 8.7 percent in the last 24-hours.
Even though bitcoin seems to be poised to pullback on a weekly scale, some of the altcoins could enjoy a spike in their volume taking them to new yearly highs.
Carlos Domingo observes that based off the SEC’s battle with Kik, all ICOs were effectively selling securities.
Binance’s CEO is passing up on the opportunity to have lunch with Justin Sun and Warren Buffett.
CZ Binance@cz_binance.@justinsuntron kindly invited me to go, but I can't make it. Too far. I guess that's like turning down $1,000,000, assuming 5 guys going, lol... But very much appreciated. I would totally recommend inviting @APompliano. Couple other thoughts: https://t.co/igVo03Ifzu
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