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Day: March 11, 2019

Crypto Contest March 11: Nexus

March 11, 2019 Published by

Nexus (Bittrex: NXSUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Nexus began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Nexus should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Nexus focuses on solving the current challenges of speed and scalability in the blockchain industry and provides quantum resistance

Holochain Examined

March 11, 2019 Published by

What is Holochain?

Well let’s start by stating what it isn’t – it isn’t a blockchain.

However, Holochain shares many of the qualities or attributes of a blockchain:

There’s a ledger (but more than one).It’s decentralized and therefore beyond the control of a centralized authority.Validation is possible.Consensus can be reached between nodes on the network but it’s not global.There is no global consensus algorithm as modeled in blockchain (or rather there’s a very lightweight version – A Digital Hashing Table) making Holochain scalable, secure, and energy efficient.A critical component of global consensus with blockchain – the timestamp is unnecessary on Holochain.Its primary purpose is to

Why is STEEM awareness so bad?

March 11, 2019 (updated March 11, 2019) Published by

Last few weeks a number of folks started following the #steem hashtag on Twitter. I personally never used Twitter nor did i know how it works but i find myself using it much more these last few days. Mostly doing what you would call “trolling” and jumping on Steem misconceptions.
And you wouldnt believe how many of those there are.

STEEM, when mentioned in negative light is mentioned from two angles.

1. FUD – Folks mentioning it are EOS or TRON maximalists that dislike the competition so they carefully/mockingly pick their words to discredit the project. They realize that a project that has dapps that rival Ethereum dapps in users cannot stay unnoticed forever and they are threatened by that.

2. Ignorance – They are simply ignorant of the platform and are ignoring it due to some negativity they heard somewhere on some forum maybe. Maybe they remember Tone Vays spewing poison way back, maybe they dont remember last time they heard any publication write anything about STEEM. Could be many things. In cases like this its very important to educate folks.

If im being honest i am starting to see a bubble with many of these blockchains that fail to deliver anything of substance for a long time. Projects like ETC and LISK that are supposed to be dapp building platforms have neither the community nor anything created on them of note. There are a large number of platforms like that.
Crypto has had this problem of creating market powerhouses that dont have any value at the time of their listing. BTT is the latest example.
God knows what will come of that project, can TRON even sustain it and right now the token has no utility whatsoever, but has a market cap of $75 million.

There must come a tipping point where projects with actual utility, with a use case, with a community will get to the forefront and get their shot. This kind of speculation cannot go on forever.
For that very reason we need to step up and take charge spreading the word. Yes, become STEEM evangelists of sorts in any way we can. Dont get stuck on Steemit, dealing with Steemit crap, drama, politics, go out and spread the word.
Some folks will say be civil….. No…. Do not be civil when you hear someone attack your investment, fight with fact, but fight hard. There are livelihoods locked in STEEM, folks with kids, families, people from impoverished countries use STEEM… Constructive criticism is one thing, but when you hear someone FUD or lie or spread misinformation,

You need to take them down to the ground, John Cena style!


Lol. Anyways. Ill see you later guys.

? Daily Crypto News, March, 11th?

March 11, 2019 (updated March 11, 2019) Published by
  • South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million ;
  • Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole ;
  • Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not ;
  • Blockchain As A Competitive Edge? CFOs Should Think Twice Before Saying No ;
  • Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina ;
  • ? Daily Crypto Calendar, March, 11th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million

The crypto unit of South Korea’s largest internet conglomerate Kakao Corp will repeat its initial coin offering (ICO) after netting $90 million from investors, Bloomberg reported on Mar. 11.


Klaytn, the blockchain platform which is the responsibility of spin-off firm Ground X, will now seek to raise another $90 million as soon as this week. In December 2018, Kakao had first announced that it was planning to raise around $300 million through Ground X to develop its own token.
According to Jason Han, CEO of Ground X, IDG Capital, Cresendo Equity Partners and Translink Capital were some of the venture capital and private equity funds to participate in the ICO round.

? Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole

Recently, there has been discussion regarding a proposal to migrate ethereum away from proof-of-work called ProgPoW (short for programmatic proof of work). Proponents of ProgPoW want to flip the paradigm of the cryptocurrency mining industry on its head. Their thought is: instead of building hardware to fit the mining algorithms, a somewhat “wasteful” approach, we should be using mining algorithms that are optimized for GPUs to encourage the decentralization of mining.

At first glance, ProgPoW appears to minimize the advantage ASICs have over commodity hardware, making mining more accessible and thus decentralized. But upon further inspection, it becomes evident that ProgPoW doesn’t truly democratize mining as it claims.

? Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not

The adoption of cryptocurrencies in Venezuela, first due to hyperinflation and later due to dollarization, could come to play a role in the country’s economic rebuilding.


At least that’s according to Venezuela’s most outspoken economist on the subject of cryptocurrencies, professor Aaron Olmos, who dissected the reasons for his country’s current dependency on the US dollar in a new interview with CoinDesk. A passionate advocate of the benefits of cryptocurrencies, Olmos has lectured about the technology for over two years, even leading a program focused on blockchain for IESA, the most prominent business college in the country.

? Blockchain As A Competitive Edge? CFOs Should Think Twice Before Saying No

There’s a reason some jokers in business refer to their finance group as the “sales prevention department.” Corporate CFOs and controllers take very seriously their responsibility for safeguarding company resources, especially cash. When it comes to investing in new technology, the typical CFO is likely to say “no” right off the bat, and force the person making the capital request back to the drawing board.


Investing in <abbr title="

A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.

“>blockchain technology, whether as a penny saver or game changer, should involve a different dynamic. People on the business side should be extra careful to avoid hype and instead argue the strategic benefits of exploring and experimenting with this new approach to data storage and verification. CFOs, for their part, will want to check their natural impulses and keep an open mind.

? Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9.


The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange.

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? Daily Crypto Calendar, March, 11th?

Binance takes snapshot of TRX balances at 0:00 (UTC) on the 11th day of each month and airdrops BTT to TRX holders.

Undisclosed exchange(s) list CLO.

ARK Core v2.2 will be released with a full blog post on what it brings and what is next.

Cindicator meetup at Genesis Block in Hong Kong from 6:30 – 9:30 PM (HKT).

“Global upgrade of the platform server core for enhanced functionality and performance.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday, I was saying you that we really need to break the previous TOP to continue the nice trend of the last weeks. See what was the reaction when we have broken it. A superb UP break out to confirm the break of this resistance line. We are now consolidating a little after that nice UP and a pull back on the support line is even possible. Anyway, it is again a nice indicator of a UP trend which is taking in place for the STEEM.

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S&P 500 Floating in the Middle after Failing at Resistance

March 11, 2019 Published by

Last take a quick look at last week’s action in the S&P 500.  After having that furious v-bottom rally the past two months the index ran into a strong resistance level and was met with rejection.
Third time not a charm
If you look at the chart in this post you will see that the 2810 area on SPX is a strong resistance point since late October as price was turned down after rallying to it multiple times.
Thus, it is not a surprise that after a large move higher the index ran out of gas at this level.  After a sell of

Unusual Options Activity In Sarepta Therapeutics, Inc.

March 11, 2019 Published by

Sarepta Therapeutics, Inc. focuses on the discovery and development of RNA-based therapeutics, gene therapy, and other genetic medicine approaches for the treatment of rare neuromuscular diseases.

Big Pharm is in search for the next $1 billion drug as most disease categories have been conquered. One exception is gene therapy. Gene therapy is treatments designed to replace faulty genes with healthy ones.

In 2018 Novartis acquired gene therapy player AveXis for $8.7 billion. On Feb 22nd, Roche said it will buy Spark Therapeutics (NASDAQ:ONCE) for $4.3 billion, or $114.50 per share, a premium of about 122%.

Recently, Sarepta Therapeutics (NASDAQ:SRPT) acquired a

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