Bitcoin Price Analysis: BTC Could Test $8.3K Before Recovery

Bitcoin price is currently under pressure below the $9,070 resistance area against the US Dollar.
The price is holding the $8,600 support area, but it remains at a risk of more losses.
There is a major bearish trend line forming with resistance near $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
The pair is likely to break the $8,600 support area and it might soon test the $8,300 support.

Bitcoin price is showing a few bearish signs below $8,900 and $9,070 against the US Dollar. BTC could test the $8,300 support area before it starts a decent recovery.
Bitcoin Price Analysis
This month, bitcoin price remained in a bearish zone and declined from the $9,500 resistance against the US Dollar. BTC broke many key supports near the $9,250 and $9,180 levels to enter a bearish zone.
Moreover, there was a break below the $9,070 support and the 55 simple moving average (4-hours). Finally, there was a break below the $8,850 support and the price traded as low as $8,559.
At the moment, the price is correcting higher and is trading above $8,700. Besides, it climbed above the 23.6% Fib retracement level of the downward move from the $9,157 high to $8,559 low.
However, the $8,860 level seems to be acting as a strong resistance. It represents the 50% Fib retracement level of the downward move from the $9,157 high to $8,559 low. More importantly, there is a major bearish trend line forming with resistance near $8,900 on the 4-hours chart of the BTC/USD pair.
Above the trend line, the next resistance is near the $9,000 and $9,020 levels. Besides, the 76.4% Fib retracement level of the downward move from the $9,157 high to $8,559 low is also near the $9,020 area.
The main resistance is near the $9,070 level and the 55 simple moving average (4-hours). Therefore, a successful close above the $9,070 resistance is must for an increase towards $9,500 and $9,800.
Conversely, the price could continue to move down if it fails to surpass $8,860 or $9,000. An immediate support is near the $8,600 level. If there is a bearish break below the $8,600 support, the price could decline towards the $8,300 support area.
Bitcoin Price
Looking at the chart, bitcoin price is trading in a downtrend as long as there is no upside break above the $8,850 and $9,070 resistance levels. On the downside, the bears are likely targeting the $8,300 support area.
Technical indicators
4 hour MACD – The MACD is struggling to losing momentum in the bearish zone.
4 hour RSI (Relative Strength Index) – The RSI is currently well below the 50 level, with a bearish angle.
Key Support Levels – $8,600 and $8,300.
Key Resistance Levels – $8,850, $9,000 and $9,070.
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John McAfee Isn’t a Huge Fan of Libra

Antivirus mogul John McAfee – who has repeatedly touted bitcoin, saying it will reach $1 million by the year 2020 – has a few harsh words for Libra.
McAfee: Libra Is the Opposite of Crypto
The Facebook cryptocurrency appears to be getting on everybody’s nerves lately. Members of Congress have repeatedly taken aim at the project, saying that it could potentially open the door to money laundering and other malicious activity. They are also unclear as to how (or whether) Libra could potentially keep customers’ financial data safe and secure.
Now, it’s McAfee that’s shelling some ugly words at the cryptocurrency project. In a recent interview with The Hill, he states:
Libra is the reverse of the original intent of cryptocurrency. Rather than freeing people by giving them privacy and anonymity, it follows everything that you do. It’s taking Facebook’s vast knowledge base of every individual and increasing it to include every single financial transaction that they do. I don’t think this is in the interest of the people nor in the society.
McAfee seems to have an issue with Libra’s potentially centralized nature. The idea that cryptocurrency could somehow spy on its users and report their financial habits is a little troubling for many people. Crypto is designed to be a largely decentralized system, in which people have more control over their monetary statuses.
Libra, however, will be monitored and governed by an entire Association that at point, included conglomerates like Uber, Visa, Mastercard and PayPal. While some of these companies have since left the Libra Association, the group is still comprised of approximately 21 separate enterprises looking to have a say in what Libra customers can (and cannot) do.
During the interview, McAfee took a moment to discuss his new cryptocurrency exchange, McAfee DEX, which he says is so decentralized, people are not even required to give their name or an email address when they sign up to trade. While this may sound a bit shady at first glance, McAfee argues that this is exactly how a company needs to do things if it’s serious about bringing crypto’s primary goals to light.
Other individuals don’t necessarily have a problem with Libra itself, but believe that Facebook is the wrong company to be running the show. One such person is Joseph Lubin, the co-founder of Ethereum, who recently commented that while Libra has some outstanding properties to its name, the fact that it’s tied to Facebook could potentially tarnish its reputation.
Libra Won’t Continue Without Approval
Mark Zuckerberg, the CEO of Facebook, has commented that Libra won’t continue without regulatory approval. During a recent hearing, he stated:
Some have suggested that we intend to circumvent regulators and regulations. We want to be clear: Facebook will not be a part of launching the Libra payments system anywhere in the world unless all U.S. regulators approve it.
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Daniel Daianu: Libra Could Hurt Finance

Libra just can’t seem to catch a break. Following months of haggling by U.S. lawmakers and European officials, a Romanian bank chief is adding his negative opinions to the mix, saying that Libra is “dangerous” and likely to do irreparable damage to the global financial infrastructure.
Libra Is Getting Hit from All Sides
Daniel Daianu, president of Romania’s Fiscal Council, says that if Libra ever does reach full potential, banks are likely to disintegrate overnight. He states:
Cryptocurrencies are highly speculative financial assets, and assets such as Libra, whether they rely on a bunch of assets which are considered safe or on coins, are very dangerous because they are part of the logic of those who believe that there is a need for parallel markets and the disappearance of central banks.
Libra has been the object of mixed to negative reception since it first emerged last summer. Many users of Facebook have commented that they do not feel comfortable with the platform governing a system that could potentially hold sway over their financial data. A new survey suggests trust in Libra among Facebook users is quite weak.
In addition, Mark Zuckerberg and David Marcus – the head of Facebook’s blockchain division – have been at the center of several hearings in which members of the U.S. Congress question not only Libra’s properties, but its principles. The concern is that Libra could potentially open the door to money laundering and other white-collar crimes, while proving unable to keep customer information safe.
Daianu says that the 2008 financial crisis and subsequent recession has caused a lot of mistrust among the general public for standard banking institutions, but while he does encourage other forms of monetary tools, he’s not sure Libra has what it takes to ensure security. He states:
The financial crisis ruined the reputation of governments and central banks, and some think we need other currencies, parallel circuits, non-hierarchical structures. So, the discussion is much deeper. It is not only about the monetary system. It is not by chance that libertarians are so attached to this vision. Those who reject central banks would like to return to the world of free banking. That is why Libra is very dangerous, because it would target billions of users and, in fact, would almost inevitably fracture the monetary system, and central banks would lose their effectiveness.
Finding Another Tool for the Job
As it stands, central banks are having a very difficult time building and implementing their present policies, according to Daianu. He further states:
For the future, if we put cryptocurrencies aside, which must be very strictly regulated, I am for a very severe regulation of capital markets, of what is called the shadow banking sector. In the future, monetary policy will be a mix of pragmatic inflation targeting and the control of monetary aggregates.
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Google Collected Personal Health Data Through ‘Project Nightingale’

Coinspeaker Google Collected Personal Health Data Through ‘Project Nightingale’It seems Google has secretly gathered impressive volumes of patient records across 21 states on behalf of a health care provider. It is supposed to have been done via a project that is dubbed “Project Nightingale.”According to Wall Street Journal, nobody – both patients and doctors – were aware of this effort.As per WSJ the data that was collected in this program includes “lab results, doctor diagnoses and hospitalization records, among other categories, and amounts to complete health history, complete with patient names and dates of birth.” Also, more than 150 Google employees seem to have an opportunity to all of the data.On the other hand, New York Times confirmed the whole situation saying “dozens of Google employees” could have had access to all of the sensitive patient data, and that there are serious worries about some Google employees who may have downloaded some of that data.Still, Google said that this is actually normal and standard practice inside the health sector that even the most sensitive health records are shared.A spokesperson tackled the idea that Google has been secretly collecting the health records of millions of U.S. citizens. He claimed the only purpose of the whole deal was to supply services back to the health care provider, and the reason why it didn’t announce it was doing because work was in the very early stages.Google confirmed that it has been working with a Catholic health care system dubbed Ascension. As per the WSJ reports, Google was operating data from the system to design a kind of software that adapts sole patient care by using “advanced artificial intelligence and machine learning.”Google has lately been competing with Amazon and Apple, which were also trying to move into the profitable health care space. Only last year, Google employed a health care executive in order to control its health initiatives. They also revealed their plans to absorb AI lab DeepMind’s health care division, with the focus on creating an “AI assistant for nurses and doctors.”Google had also partnered with the University of Chicago Medical Center in 2017 to develop machine learning tools. The company also added that one of its machine learning ambitions is to “anticipate the needs of the patients before they arise.”Ascension announced their partnership with Google and said that the focus of the collaboration was to “optimize the health and wellness of individuals and communities, and deliver a comprehensive portfolio of digital capabilities.”Google also added in their blog post that “Nightingale” is the name of its health project.“To be clear: under this arrangement, Ascension’s data cannot be used for any other purpose than for providing these services we’re offering under the agreement, and patient data cannot and will not be combined with any Google consumer data,” explained Google Cloud president Tariq Shaukat.Google Collected Personal Health Data Through ‘Project Nightingale’

Ant Financial Commences Testing of Its Business Blockchain

Coinspeaker Ant Financial Commences Testing of Its Business BlockchainAnt Financial, a subsidiary of Chinese tech giant Alibaba Group, has finally reached the testing phase of its business blockchain. The fintech arm of the tech giant, which has been working on a blockchain network created to support small and medium-sized businesses, has commenced its blockchain testing.Blockchain Tech Soon to Go LiveA top official at Ant Financial, Jieli Li who is the senior director of technology and business innovation at the company, stated during the World Blockchain Summit which held in Wuzhen, China, that the technology upon which its Ant Blockchain Open Alliance is built will be launched three months after the end of its testing phase.In another interview, Li added that everyone on the planet, developers and institutions alike, will have access to the blockchain but at the same time made it clear that not all nodes will be welcomed on the platform, as a severe selection process will be adopted.Partnerships that Bring CredibilityMaking the network credible is part of the agenda of Ant Financial; therefore, the company will be including certification and educational agencies as nodes to the network to bump up its credibility. Also, partners for the network will not be chosen based on the region where they are situated. Instead, it will be based on their industries. However, the names of the firms are yet to be made public.“We can not disclose the names of our partners who participate in the consortium blockchain at this time,” said Li.Future Plans of Expansion in ProgressOne of the core objectives of the Ant Blockchain Open Alliance is to reduce the cost of services in different industries and make them more accessible to a more extensive user base. Some of the sectors include healthcare and finance. The project was unveiled by the company in September and has ever since been pursuing partnerships across various industries. So far, the company has successfully come into partnership with a number of firms whose names are still kept secret.Presently, the company has shown no sign of stopping in its quest for innovation. At this rate, more projects are expected to roll out in the foreseeable future. As a matter of fact, Ant Financial has other blockchain projects that it is currently working on, such as a food tracking app and a system dedicated to agri-products monitoring. The latter is a combined venture with Bayer.Ant Financial Commences Testing of Its Business Blockchain

Bobby Lee: $1 Million for BTC in Nine Years?

Bitcoin price predictions are running rampant throughout the space, and the latest is coming from Bobby Lee, the co-founder of Chinese bitcoin exchange BTCC.
Lee: Bitcoin Is About to Go Up, Up, Up
To be clear, Lee is making a few predictions. His first could potentially give John McAfee a run for his money and says that bitcoin could be worth $1 million by 2028. However, he’s also offering something a little sooner to potentially put enthusiasts’ minds at ease. He says that bitcoin might reach $100,000 or even $200,000 within the next few years.
In a recent interview, the crypto entrepreneur states:
Bitcoin’s price goes in waves. Every so-called bubble, every FOMO run, it could go up by ten or 20 times the previous high, so the next one could easily top $100,000 or even $200,000 per bitcoin… So, I definitely think it will go up quite a bit in the next five to ten years.
This would indeed be huge. Furthermore, it would be a serious leadup to the 2028 prediction, which Lee says could be hit following one to two more bubbles. As it stands, bitcoin has taken a nasty hit since the weekend when it was trading for just over $9,000. At press time, the world’s number one cryptocurrency by market cap is back down to $8,700.
Lee provided even further explanation in a series of tweets he released late last week. He explains that bitcoin is in line for a “flippening,” which occurs when one commodity or currency potentially overtakes another. In this case, he believes bitcoin will overtake gold. He comments:
Gold is about $8 trillion today, which is [50 times] the worth of bitcoin. I predict the [flippening] will happen within [nine] years and [bitcoin] will shoot up past [$500,000]. [Bitcoin] was designed to be [super] valuable over time. First ten [years], there were only [two] block reward [halvenings], but the next ten years, there’ll be [three] (that’s 50 percent more)!
Bobby isn’t the only one giving traders an idea of where BTC could potentially landing in the coming months. Tom Lee of Fundstrat fame originally stated that 2019 could end with one unit of BTC trading for a whopping $40,000. To be fair, however, it doesn’t look like that will necessarily occur as we have less than two months left until 2020 makes its official introduction.
Something Very Big Is Bound to Happen Soon…
That’s not to say that something drastic could occur overnight, though. After all, we are dealing with bitcoin…
In addition, venture capitalist Tim Draper has often stated that the currency could reach as high as $250,000 by the year 2022. He has since pushed this prediction back somewhat to 2023, but that’s still very close for bitcoin to hit the six-figure mark. Either way, it looks like BTC is going to enjoy a solid future.
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The Royal Bank of Canada to Launch Its Cryptocurrency Exchange

Coinspeaker The Royal Bank of Canada to Launch Its Cryptocurrency ExchangeThe biggest Canadian bank, Royal Bank of Canada (RBC), might just possibly launch its own cryptocurrency trading platform. Media sources familiar with the situation said that RBC, that has more than $965 billion in total assets, has applied for four patents in Canada and the U.S. Those patents, according to the sources are showing the ways of how it could integrate cryptocurrencies into its operations.As per the patent: “To individual users, managing cryptographic keys and transacting with different cryptographic assets can be a challenge. In some situations, cryptographic asset transactions may take time to be confirmed, and/or may not be compatible or supported by merchant systems or point-of-sale devices.”The spokesperson for the bank Jean Francois Thibault explained that the bank “like many other organizations, files patent applications to ensure proprietary ideas and concepts are protected.” Be it as it may, he declined to further comment on the platform launch.The bank could also have an offer for its customers’ cryptocurrency accounts. As far as it is known RBC published at least 27 blockchain-related patents during the last three years. That includes credit scores, vehicle records, digital rewards and loan offerings.There are currently a few cryptocurrency exchanges in Canada. Last week the British Columbia Securities Commission (BCSC) announced it had filed to take control of Einstein Exchange after the platform said on October 31 that it is closing its operations in the period of the next 60 to 90 days.Einstein became pretty unpopular after it became obvious that it cannot bring back $12.4 million ($16.3 million CAD) to its customers.The Supreme Court of British Columbia approved the BCSC’s order and named the accounting firm Grant Thornton as a provisional receiver that will take control of the Vancouver-based exchange’s assets. The Court also authorized Grant Thornton to take possession of all of Einstein’s properties and assets. A court order also had nominated Grant Thornton to compulsorily enter any of Einstein’s business if necessary.The company then entered and secured all the premises of Einstein Exchange on November 1.As per BCSC, the commission got plenty of protests from customers who couldn’t access their assets on the Exchange. A lawyer who represents the platform tried to explain to the customers the platform will shut down in the coming months because it hasn’t been successful in making a profit.This is the second time in the year a Canadian crypto exchange has folded. Let’s not forget that earlier this year, we had a case of QuadrigaCX, the troubled cryptocurrency which collapsed taking approximately $134 million of users’ funds with it.Quadriga’s founder and CEO, Gerald Cotten, since then died of Crohn’s disease and he was actually the only one who had control of the exchange at the time of his death.In the Quadriga case, Big Four auditor EY is now acting as the bankruptcy trustee for the exchange’s customers. The company has since then recovered around $35 million from third-party payment processors and in assets from Cotten’s property. EY is now trying to regain almost $200 million for more than 115,000 customers.The Royal Bank of Canada to Launch Its Cryptocurrency Exchange

Can BLOCKTV Transform Content Monetization Models with the BLTV Token?

Coinspeaker Can BLOCKTV Transform Content Monetization Models with the BLTV Token?“Content is king” and has been since Bill Gates first wrote those words in 1996. Nevertheless, online media publishing is a highly competitive space. News outlets all over the world struggled with the transition to digital and ended up with global publications, including Bloomberg, the Economist, and the Wall Street Journal, paywalling their content. There are still many thousands of outlets providing free news. Advertising is one of the most popular means. The digital advertising market is booming, and is forecast to nearly double in value to over $500 billion by 2023. Other ways that free news outlets fund their efforts include affiliate sales, or selling sponsored stories and press releases. Cryptocurrency and blockchain media is no less cutthroat. Long-form publisher BreakerMag shut down earlier this year. Similarly, the once-popular CoinCentral has pared back to publishing once a week or less. Many sites struggle to compete with the ever-dominant Coindesk and CoinTelegraph, while others have found different ways to monetize. For instance, The Block paywalls some of its content as premium, while Crypto Briefing offers users a subscription service with an extended analysis of particular altcoins for investors. In charging for content or displaying ads, media companies aren’t just shamelessly profiteering, although naturally, every company needs to be profitable to remain viable. But if a publication wants to be successful, they need to churn out high-quality content, and lots of it. This means they have to employ capable reporters, journalists, researchers, and analysts to stay ahead of the competition. A Different ModelNow, BLOCKTV has come up with a different monetization solution that’s innovative for crypto media, but perhaps not in the crypto space overall. It’s created a token, called BLTV, which will soon be listed for trading on Bittrex. The company intends to use the funds it raises to fulfill its goals of creating transparency in advertising and bringing value back to consumers of crypto media. So, what does this mean in practice, and in this post-ICO age, how does the company justify a token beyond mere fundraising? BLOCKTV recognizes that as a platform offering a large amount of free content, it will remain dependent on advertising. Like other operators in the space such as Brave, it also recognizes the problems inherent to the current ad model. Advertisers have little in the way of meaningful insights about ad engagement, with an estimated $1 in every $3 spent on advertising becoming lost to fraud. Meanwhile, users are treated as passive consumers, being fed advertising whether they want it or not. Therefore, under the ad model that BLOCKTV intends to roll out, advertisers will pay the network in BLTV tokens. They will also be able to reward BLOCKTV viewers for engaging with their advertisements. This model will operate on a protocol called Eye Prove, which will provide advertisers with blockchain-based records of engagement with their ads. Interactive Viewing ExperienceEnabling viewers to earn tokens through advert interactions is only one benefit for BLTV token holders. The company aims to develop its existing TV platform into an interactive Engagement Center. Viewers will be able to access premium content, but in a step further, influence and tailor the kind of content that’s being broadcast. The premium content could be exclusive interviews, special reports, or expert commentary only accessible via the BLTV token. Via an Engagement Dashboard, 20% of the channels content will be produced according to votes cast by BLTV token holders, putting viewers in control of what they see. This could mean they choose which experts or industry figures the channel should interview, select which lines of questioning the interviewer should take, or ask for specific insights into blockchain or crypto-related news events. Token holders will even be able to participate in particular broadcasts, effectively becoming part of the coverage itself. BLOCKTV isn’t running a token offering or IEO, and it’s set no sale targets for the BLTV token. Instead, it’s a straightforward listing as with any other token pair on the Bittrex exchange. Starting from November 21, the company will release 20% of its total 3 billion token supply, with an initial listing price of $0.01 per BLTV token. Can It Work? Whereas there are literally dozens, if not hundreds, of crypto and blockchain-dedicated websites, podcasts, blogs, and YouTube channels, BLOCKTV is the first TV network dedicated to space. It’s the status of being a TV channel that enables the company to create such an ambitious plan for viewer interactivity, which will be among the first of its kind even outside the crypto space. And the plan is indeed ambitious. Whereas most media outlets tend to stick to the tried-and-tested existing ad revenue models or premium subscriptions, Block.TV is taking a huge leap in releasing its own token to do so. However, if it succeeds, it will provide a blueprint for others in the industry to follow. Can BLOCKTV Transform Content Monetization Models with the BLTV Token?

apM Coin to Premiere on Bittrex Global on November 14th

Coinspeaker apM Coin to Premiere on Bittrex Global on November 14thapM Coin, a blockchain project from Dongdaemun wholesale giant apM Group, will launch its platform token on Bittrex Global on November 14th, 2019.apM Coin is a blockchain project that focuses on optimizing customer reward and payment systems for the wholesale clothing market. The project is backed by apM Group’s knowledge and influence in the industry. apM Coin will be introducing its mobile app called “apM Members” later this year.Using the app, visitors of apM’s three major shopping malls, apM, apM Luxe, and apM Place, will be able to access a secure and convenient customer rewards platform powered by blockchain technology. The apM malls collectively welcome over 1.5 million customers annually.Bittrex Global is an international cryptocurrency exchange based in Liechtenstein, Europe established by US-based blockchain platform Bittrex. Bittrex was established by three cybersecurity engineers in 2014 and is headquartered in Seattle, Washington. Bittrex was nominated as one of the most transparent exchanges, praised for reporting accurate trading volume by the Blockchain Transparency Institute (BTI) in September 2019.Bittrex is known for its strict listing process. According to an interview with Bittrex CEO Bill Shihara, Bittrex looks for the most innovative blockchain projects by carefully examining their underlying technology and business model. The principles of the projects founders as well as its compliance status are also important factors for listing.Due to its reputation and performance, Bittrex was selected as one of the world’s top five cryptocurrency exchanges based on CoinGecko’s “Trust Score 2.0”. CoinGecko is a well-known platform that provides unbiased data on cryptocurrency markets, comparing reliability and trading volume metrics of cryptocurrency exchanges.The apM Coin team said:“We are pleased to premiere the apM Coin project on Bittrex Global, one of the safest and most trusted exchanges in the world. Nearly 80% of apM shopping mall visitors come from abroad. The listing of apM Coin on Bittrex Global will provide a strong foundation for global users of our service to easily and safely access apM Coin. With our key partner company apM located in South Korea, we will provide further listing news on a trustworthy Korean exchange in a near future.”apM Coin is currently holding an “apM Members and Bittrex Global Registration” promotion at the plaza in front of apM Place in Dongdaemun. The event will run until 5:00am KST on November 16th, 2019.About apM CoinapM Coin is a payments project that focuses on making consumer reward points a commonly used digital currency by using blockchain technology and tokenization to improve current reward systems in Korea. apM Group, a key partner of the project, is a leading wholesale fashion company in Korea, founded in 1999. They offer three major shopping malls, apM, apM Luxe, and apM Place, that together provide more than 1,300 clothing brands and attract over 10,000 daily visitors (1.5M annually).Based on the strong consumer base held by apM Group in both domestic and international markets, the apM Coin project aims to establish a consumer reward system optimized for the wholesale clothing market, creating an ecosystem where both buyers and sellers can co-exist and enhance global competitiveness.apM Coin to Premiere on Bittrex Global on November 14th

Highly Anticipated Bithumb Coin Is Officially Announced by Bithumb Global

Coinspeaker Highly Anticipated Bithumb Coin Is Officially Announced by Bithumb GlobalPremier global digital asset exchange Bithumb global has made public the unique and highly anticipated crypto asset Bithumb Coin (BT) which serves as the native token for the new Bithumb Chain. The Chain is said to be launched in Q1 2020.Holding the ticker name of BT, the token will be used in many different kinds and types of transactions within a wide variety of utilities and situations. What is Bithumb Coin?Based on open-source code, Bithumb Chain is the framework that serves as the engine for everything within the scope of Bithumbs’ products and services. New features have been added to Bithumb Chain to extend the immense power that the blockchain delivers to many clients which include exchange-as-a-service (EaaS) which enabled distribution of gains via a profit-sharing protocol (PSP).As such, Bithumb Coin (BT) transfers rewards and improves the computational calculations which enhance the blockchain. The rule that enables BT to allow the smooth flow of gains, profits savings and transfer of value in an inclusive environment for the progress of the members of the Bithumb Family. The allocation of tokens has been executed in a unique way. 30% is used for user rewards while 30% is used for trading rewards the criteria of which are yet to be determined. The multi-functional scenarios of utility, handling, and usage together with commissions on turnover and other fees attached to transactions are also included as well. The Bithhumb Chain platform is built in such a way that transactions involving future products fit within the current infrastructural framework. Rewards for the lease of tokens is also a future that defines the strategic value of BT as an asset class. Users are also allowed to weight in on the decision making process of Bithumb as an organization creating an egalitarian basis for the operation of the organization and the Bithumb global ecosystem itself. From nomination to project listing and so on, users can track the progress and the impact of their decisions in an open transparent way and manner. To enhance the development of the Bithumb Coin and also to improve the features of the Bithumb Chain, 25% of the tokens available are reserved for this.Token buyback at 50% of revenues is the preferred mechanism of choice for token control with an ultimate target of 150 million Bithumb Coins. This will improve the equilibrium of tokens and maintain the financial space that the Bithumb community occupies strategically. Bithumb Global: A brief primerBithumb Korea has a 75.7 % in-country trading volume which corresponds with about 15% of the global markets. The ecosystem of 8 million people within the Bithumb community can attest to the huge volumes of liquidity that exist within the system.As the global platform of Bithumb Korea, Bithumb Global enables users the world over to have access to one of the most prestigious and active cryptocurrency trading platforms globally with average total volumes of over $1 trillion.Highly Anticipated Bithumb Coin Is Officially Announced by Bithumb Global