Crypto.IQ Daily Radio Show April 16: Bitcoin SV (BSV) Continuing to Plummet as Delistings Roll In, Mayer Multiple (MM) Flashes Bullish Signal for Bitcoin (BTC), Satoshi’s Treasure Hunt Offers $1 Million to Whoever Can Find 400 Private Keys Hidden Around the World, LedgerX Trying to Launch Physical Bitcoin (BTC) Futures

April 16, 2019 / by Zachary Mashiach

Listen to the April 16 Crypto.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) is continuing to hover near $5,000, and with Bitcoin (BTC) dropping since yesterday, the crypto market is generally in the red this morning. The Mayer Multiple (MM), which is a ratio of Bitcoin’s (BTC) price to the 200-day moving average, has risen above 1.0, which in the past has been an indicator that a bear market is ending. Bitcoin SV (BSV) is continuing to plummet following the Twitter battle between Bitcoin SV (BSV) Founder Craig Wright and Lightning Torch Founder Hodlonaut. Crypto exchanges Binance and ShapeShift have delisted Bitcoin SV (BSV), and Kraken is also threatening to delist. Binance has announced another quarterly Binance Coin (BNB) burn, but it has had no effect on the market today. This is probably due to Binance burning coins that are not actually in circulation. Coinbase and Binance are offering a new proof of stake (PoS) service where users could hold PoS coins and earn from mining. Since both these exchanges have selected Tezos (XTZ) for their PoS service, Tezos (XTZ) has rallied over 170% since the beginning of March. Hear about Satoshi’s Treasure, which is a treasure hunt in which users download clues from the Blockstream Satellites and find Bitcoin (BTC) private keys hidden in physical locations. Whoever finds 400 out of 1,000 keys wins $1 million of Bitcoin (BTC). We discuss how LedgerX is trying to launch physical Bitcoin (BTC) futures in the United States but how this may prove difficult due to the Commodities Futures Trading Commission (CFTC).

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