DueDEX: What’s Happening in Crypto World Today? — Oct. 30th, 2019

Mainstream Currency Price as of 12:00 PM UTC from Coinbase Pro:
· BTC — 9,108.48 USD
· ETH —183.56USD
· EOS —3.278 USD
· XRP — 0.2933 USD

2 The Fear Greed Index: 53 — Neutral

3 Crypto Updates:

• Report: Chinese Guangzhou Gov’t Unveils $140M Blockchain Subsidy Fund

The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives.
The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according to a tweet of a senior exec at crypto investment holding firm Primitive Ventures.

• Deutsche Börse Aims to Ease Digital Securities Transfer With New Deal

The venture capital arm of German marketplace Deutsche Börse has sealed a new partnership for allowing institutional investors to obtain digital securities.
In a press release on Oct. 30, Deutsche Börse Venture Network (DBVN) confirmed the deal with local fintech company Cashlink, the benefits of which will be available immediately.
From now on, investors with DBVN will be able to complete the funding process entirely digitally using tools based on so-called distributed ledger technology, or DLT.
The digital securities will automatically have the same regulation guarantee as Deutsche Börse’s regular offerings.
“With this new offering from our partner, we are able to simplify the process of raising capital for startups on our network, and all within an existing regulatory framework,” DBVN director Peter Fricke commented in the press release.
Fricke added the company would be depending on its working relationship with Cashlink, which has operated out of Frankfurt since 2016.

• Bitcoin Price Tests $9K as Analyst Eyes ‘Significant’ Indicator Cross

Bitcoin price (BTC) was drifting towards $9,000 on Oct. 30 as the momentum behind its recent bull run appeared to wane.
Data from Coin360 showed BTC/USD down around 3.2% on Wednesday, having spent the previous day circling $9,500.
Those levels ultimately saw rejection, with Bitcoin preparing to challenge support at $9,000 at press time. On the week, BTC/USD was still up 15%.

• UK Bitcoin Miner Eyes 240% Capacity Boost With New $10M Hardware Order

United Kingdom-based mining firm Argo Blockchain has doubled its order of new cryptocurrency miners as it eyes “significant expansion” of its capacities.
An Oct. 30 report from Proactive Investors revealed that the firm — which is listed on the main market of the London Stock Exchange — is poised to increase its current hash power by 240%.

4 Trader’s View:

• IgorPorokh from TradingView: Bitcoin. Gentlemen, make a decision! UP OR DOWN?

Over short:
Need to block the gap.
Breakdown zone test $ 8800

Over long: no such
This is the crypt of the wild west, and can be brought up.

• CryptoMobster from TradingView: $BTC Dominance - This Showing The China Hype Has Died Down?

Still expecting us to go down lower, over the last few days it has constantly dropped from the big surge that the news in China brought us.

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