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Month: May 2019

? Daily Crypto News, May, 29th?

May 29, 2019 (updated May 29, 2019) Published by
  • Major Bitcoin Accumulation Was Underway by Big Money During Crypto Winter ;
  • JPMorgan Adds Privacy Features to Ethereum-Based Quorum Blockchain ;
  • Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges ;
  • Bitcoin’s ‘Toxic’ Twitter ‘Culture War’ Explained ;
  • G20 Countries Start Implementing Unified Crypto Standards ;
  • ? Daily Crypto Calendar, May, 29th?
  • STEEM Trading Update

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

? Major Bitcoin Accumulation Was Underway by Big Money During Crypto Winter

The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip. The analysis was published in a new report from weekly crypto outlet Diar on May 28.


Diar’s analysis begins by comparing bitcoin’s distribution landscape today with data from August 2018, when the top coin was last trading in a circa $8,000 price range. The analysis focuses on so-called “Firm Size” bitcoin wallet addresses — defined as those holding between 1,000 and 10,000 BTC — and notes that such addresses now own over 26% of circulating supply, or $36 billion worth of BTC.

“BTC at $8K: Number of Bitcoins Added/Lost by Band”

? JPMorgan Adds Privacy Features to Ethereum-Based Quorum Blockchain

JPMorgan Chase’s blockchain team has developed a privacy feature for ethereum-based blockchains, obscuring not only how much money is being sent but who is sending it.


Revealed exclusively to CoinDesk, JPMorgan has built an extension to the Zether protocol, a fully decentralized, cryptographic protocol for confidential payments, compatible with ethereum and other smart contract platforms and designed to add a further layer of anonymity to transactions. The New York-based financial institution will open-source the extension Tuesday, and is likely to use it with Quorum, the bank’s homegrown, private version of ethereum.


Zether, which was built by a group of academics and financial technology researchers including Dan Boneh from Stanford University, uses zero-knowledge proofs (ZKPs), a branch of mathematics which allows one party to prove knowledge of some secret value or information without conveying any detail about that secret.

? Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges

Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28.


Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — will reportedly launch in 2020.


In its recent report, Diar suggests that the coin will face demographic challenges as the social media giant’s user base is aging.

Facebook user age distribution. Source: Diar

? Bitcoin’s ‘Toxic’ Twitter ‘Culture War’ Explained

“What the heck! It’s a food fight on here. [Bitcoin developer] Matt Corallo is mad at Blockstream. Ragnar and Giacomo Zucco clubbing people left and right. Wat is going on!?”


This text from a bitcoin enthusiast friend aptly described the confusion on social media platform Twitter in recent days, when leading members of the bitcoin developer and startup ecosystem have been fighting over bitcoin’s “culture” and whether it needs to be changed or improved.


The root of the debate: Does bitcoin have a culture problem? Is there too much “toxicity”? And yet, as Twitter is a free-for-all, there were all sorts of sub-parts to the debate, centering on other questions: Is bitcoin inclusive enough? Why is Twitter so harsh? And what, exactly is bitcoin culture?

**“Bitcoin industry culture is therefore *necessarily* one of extreme skepticism, cynicism, rigorous review, and forthright language,” Woodfine tweeted, adding:**


“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”

? G20 Countries Start Implementing Unified Crypto Standards

As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:

“The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.”

? Daily Crypto Calendar, May, 29th?

“This AMA has been rescheduled to May 29, 2019 due to technical difficulties.”

Q2 AMA session with Zebi CXOs live from new Zebi Hyderabad Office at 11 AM (IST).

Athens A is set to introduce two different backwards-incompatible changes to the network: Increase of Gas Limits and Decrease of Roll Size.

Super Competition is Back! give you the chance to win total prize 1,000 $KCS and 450,000 $PXG. Ends May 29.

Dubai International.

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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

Since the break of the resistance line at 0.39$, the resistance around 0.43$ is blocking us. We can see clearly that it is the blocking zone at this moment but any UP move on the BTC should help us to break also that one. So let’s be patient because as I was saying to one of my readers, we are not anymore in the top 30 so sometimes, we have to wait that the moves on the BTC impact the TOP30 to have our turn with little delay.

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Crypto Contest May 29: Themis

May 29, 2019 Published by

Themis (Huobi: GETBTC) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Themis began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 5, and the red wave two (blue sub-waves a-b-c) correction ended on April 27. If this wave count is correct, Themis should be heading next towards the April 5 peak in the red wave three.

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

Funnymentals

Themis is a blockchain-based fair exchange system for digital currencies, providing a decentralised escrow service for digital currencies. You can read

Crude Oil Analysis Report 5-28-19…Is Further Downside Ahead???

May 29, 2019 Published by

Last Thursday alone, oil fell 6% and ended the week 7% down, it’s worst weekly lost in 2019.  But one has to keep things in perspective, oil is still up almost 30% year to date.

The combination of a perceived global economic slowdown, higher levels of US oil storage, and rumors of a possible de-escalation of the Iran-US crisis are mitigating the clear and present danger in oil and gas markets When looking at crude oil markets, the situation on the ground is a clearly pro-OPEC. The speculation about a possible end to the OPEC+ production cuts is largely unfounded. US

Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP Analysis: Quick Update

May 28, 2019 Published by

Bitcoin has stalled, currently trading around $8,670. Looking at the weekly chart, it looks like price may test $8,400. If it does, bulls need to see this prior area of resistance start acting as support. Volume remains relatively strong at $25 billion.

We’re continuing to see bearish divergence on both the daily RSI and MACD.

Regardless of short term price action, long term looks very bullish. The 21 week EMA has now crossed above the 55 week EMA.

In today’s video I analyze Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP. We’ll discuss where prices may be heading next, traps to avoid, key

DOW….N Jones Industrial Average

May 28, 2019 Published by

The Dow Jones Industrial Average has declined for the fifth consecutive week, its longest such losing streak since 2011.

Specifically, the last time the Dow suffered a five-week losing streak was in June 2011, nearly eight years ago. After that, the index dropped another 7.5% in the subsequent three months, per data from Schaeffer’s Senior Quantitative Analyst Rocky White.

During the current losing streak, the Dow has surrendered less than 5%. Since 1900, there have been just eight similar streaks, after which the blue-chip barometer also experienced weaker-than-usual price action.

Almost any way you slice it, five-week losing streaks tend to precede weaker-than-usual

Decentralised Victories – Part 3

May 28, 2019 Published by

This article builds on what I have already said in Decentralised Victories – Part 1 and Decentralised Victories – Part 2.

Part 1 dealt with the problem of Power, Part 2 dealt with Money. Those were the problems; today we look at the solutions.

Effects of the Money and Power problem

Aren’t you sick of never having enough money?

Aren’t you sick of watching your money depreciate due to infaltion?

Aren’t you sick of paying towards government programmes that you don’t support?

Aren’t you sick of politicians being all talk and no action?

Aren’t you sick of empty promises? Lies? Blatant electioneering – spending more effort on winning votes than

BITCOIN – 28 May

May 28, 2019 Published by

On 4hr chart, there’s till fomo buyers and sellers are less reluctant to sell big. Likely to push for 9600 zone and maybe the big round number 10k. Would be good to have a healthy pullback before testing the 10k though.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :123
Total marketcap :272
Dominance :56.8
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Hormel Foods Gets Humble By The African Swine Fever

May 28, 2019 Published by

Hormel Foods fell almost 7% on Thursday, the single largest daily decline in almost two years after announcing a decline in sales and profits due to the African swine fever. Analysts forecast the loss of some 150 million to 200 million pigs this year, affecting about 5% of the global protein supply.

Source Image

Revenue will probably not surpass $10 billion and earnings per share will reach $1.85 at the most this fiscal year, the maker of Spam canned meat and Skippy peanut butter said in a statement, down from earlier peak estimates of $10.2 billion and $1.91 a share.The company will

Crypto Contest May 28: SaluS

May 28, 2019 Published by

SaluS (Bittrex: SLSUSD) 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, SaluS began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in March this year. If this wave count is correct, SaluS should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Main goal and objective for Salus project is to give it’s members that extra edge when it comes to trading

? Daily Crypto News, May, 28th?

May 28, 2019 (updated May 28, 2019) Published by
  • Bitcoin Hits New 2019 High Above $8,900 ;
  • Golden Crossover: XRP Heads for Bullish Chart Pattern as Price Climbs 27% ;
  • 0x Teams With StarkWare to Bring Speed to Decentralized Exchanges ;
  • The Cat-and-Mouse Game of Crypto Regulation Enters a New Phase ;
  • Computer Researcher Finds Wallet Vulnerability That Gave Same Key to Multiple Users ;
  • ? Daily Crypto Calendar, May, 28th?
  • STEEM Trading Update

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

? China’s Latest Crypto Rankings: EOS Retains Top Spot, Bitcoin in 12th Place

China updated its cryptocurrency rankings on May 23 — with eos retaining the top spot and bitcoin moving up three places.
The government-sponsored index assessed each blockchain on three criteria: technology, application and innovation.


Joining EOS in the top five was tron, ether, steem and ontology.


Despite its dominance in the crypto industry overall, Bitcoin was in 12th place. While it scored well for creativity, it placed behind EOS in the score for basic technology.

? Golden Crossover: XRP Heads for Bullish Chart Pattern as Price Climbs 27%

XRP is teasing a long-term bullish reversal, with a surge in price and a bullish chart pattern likely to occur next week.
The world’s third largest cryptocurrency by market capitalization is currently trading at $0.413 on Bitfinex, representing a 27 percent gain on the opening price of $0.3249 seen May 1.


If prices stay above the current level till May 31, the resulting monthly gain would be the biggest since September 2018. Back then, the cryptocurrency had rallied 73 percent from $0.3350 to $0.5820.


The rally seen this month appears modest in front of the stellar gains registered in September 2018. The cryptocurrency, however, may produce much bigger gains in the following months as a widely tracked long-term technical indicator is about to turn bullish.


? 0x Teams With StarkWare to Bring Speed to Decentralized Exchanges

A cryptographic solution called zero-knowledge proofs (ZKP) could help notoriously slow decentralized exchanges (DEXs) reach speeds comparable to more traditional platforms.


San Francisco-based DEX startup 0x is partnering with the Israeli software-as-service company StarkWare to test a ZKP solution called StarkDEX, which can process roughly 500 transactions per second.


StarkWare CEO Uri Kolodny told CoinDesk the goal is clear: “Non-custodial trading at scale.”


Speaking to how ZKPs could be implemented in the 0x DEX ecosystem, 0x marketing lead Matt Taylor told CoinDesk:
“Our goal is that by the end of this year we’ll have this in production, on mainnet, so that people can actually use this technology. … We intend to have this be a core part of the 0x DEX stack.”

? The Cat-and-Mouse Game of Crypto Regulation Enters a New Phase

In the relentless cat-and-mouse game between regulators and cryptocurrency developers, the cats are about to add some serious firepower – this time in the form of a global alliance.


But if you think the intergovernmental Financial Action Task Force’s forthcoming know-your-customer (KYC) compliance standards spell the end for the mice, think again. If anything, the FATF’s move, expected to be released next month, will drive developers to accelerate work on non-custodial exchanges and other tools that will make it easier for end-users to transact directly outside of regulated intermediaries.


As CoinDesk managing editor Marc Hochstein explained last week , the new rules are likely to require exchanges and other custodial entities that take custody of their customers’ cryptocurrency to obtain identifying information about both parties before allowing a transaction over their platforms.

? Computer Researcher Finds Wallet Vulnerability That Gave Same Key to Multiple Users

UOnline cryptocurrency paper wallet creator WalletGenerator.net previously ran on code that caused private key/public key pairs to be issued to multiple users. The vulnerability was described in an official blog post by security research Harry Denley of MyCrypto on May 24.


According to the post, the bad code was in effect by August 2018, and was only recently patched out as of May 23. The live code on the website is reportedly supposed to be open source and audited on GitHub, but there were differences detected between the two. After researching the live code, Denley concluded that the keys were deterministically generated on the live version of the website, not randomly.

? Daily Crypto Calendar, May, 28th?

QLC holders can stake the QLC and get Q-GAS starting from May 28, conducted on QLC Chain mainnet wallet.

The next scheduled upgrade of the æternity protocol (Fortuna / 3.x.x) should happen on May 28, 2019.

“Streamr is named as a disruptor in the mobility space and will pitch at the Plug and Play TC Innovation Day on the 28th May.”

“May 28th everyone will be able to use the fully functional Deployer #GUI for creating your very own ARK based #bridgechain.”

“Our co-founder Mo, @no89thkey will host an AMA on Tuesday, 5/28, 8:00-8:30PM (PST). ”

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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

It is done now, the resistance line at 0.39$ is now broken. As you can see on the chart, we are now blocked by the resistance line at 0.43$ but I think that this resistance could be broken much more easier than 0.39$ which was a big resistance line since weeks now. We are having a little consolidation now but we could try to break that resistance line at 0.43$ very soon.

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Last Updates

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