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Month: June 2019

? Daily Crypto News, June, 7th?

June 7, 2019 (updated June 7, 2019) Published by
  • Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project ;
  • Nearly $10 Million in XRP Stolen in GateHub Hack ;
  • EOS Startup Block.One Is Using Its Billions to Buy Back More Equity ;
  • NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch ;
  • Kodak Launches a Blockchain-Enabled Document Management System ;
  • ? Daily Crypto Calendar, June, 7th?
  • STEEM Trading Update

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

? Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project

More details are now emerging regarding high-level executives for social media giant Facebook’s crypto project, according to a report by CNBC on June 6.


According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing.


The aim of Facebook’s new crypto project, according to advertising on its career descriptions, is to provide a public service centered on accessibility:


“Our ultimate goal is to help billions of people with access to things they don’t have now — that could be things like healthcare, equitable financial services, or new ways to save or share information.”

? Nearly $10 Million in XRP Stolen in GateHub Hack

Hackers have reportedly compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was announced by GateHub in a preliminary statement on June 6.


In the statement, GateHub reveals that it was notified by some of its customers and community members that funds on their wallets had been stolen. The company estimates that hackers managed to compromise around 100 XRP Ledger wallets.
Although the company did not initially identify any nefarious activities on its platform, it began an investigation on the matter, wherein it discovered increased application programming interface (API) calls coming from a small number of IP addresses. This could purportedly be the way the culprit got access to encrypted secret keys.


Community member Thomas Silkjær —  one of those who warned GateHub about the breach — published a report on the hack, revealing that:


“On June 1 we were made aware of a theft of 201,000 XRP … and immediately started investigation. It turned out that the account robbed was managed through Gatehub.net, and that the offending account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k) had stolen substantial amounts from several other XRP accounts, likely to be or have been managed through Gatehub.net.”

? EOS Startup Block.One Is Using Its Billions to Buy Back More Equity

Block.one, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk.


The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful to its business, the source explained.


The source declined to provide further details about who would be joining Block.one’s list of backers.

? NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch

The technology behind the cryptocurrency NEO, formerly known as Antshares, will be completely reconfigured by this time next year.


In April, NEO co-founder Erik Zhang announced that an optimized version of the blockchain network will relaunch as NEO 3.0 in 2020. The underlying infrastructure will be so different that token holders will need to turn in their assets for newly issued tokens.


Zhang told CoinDesk this process will not require know-your-customer (KYC) information, as the Singapore-based NEO Foundation will simply destroy the old assets and airdrop new tokens to designated wallets.

? Kodak Launches a Blockchain-Enabled Document Management System

Kodak’s pivot to blockchain is coming into focus as the legacy camera brand announced its new blockchain-based document management system at a two-day conference in Rochester, New York. Unlike previous Kodak-blockchain announcements, Kodak Document Management Platform is not under license to a third-party and is an actual Kodak product.


The platform, launched under the name Kodak Services for Business, is intended for businesses and governments to store and manage sensitive documents. Kodak Document Management Platform relies on blockchain to provide efficiency and security, according to the company.


The company also claims that the blockchain platform will lead to 20-40% cost savings through automated workflows and decreased human management of content, information, and documents.

? Daily Crypto Calendar, June, 7th?

QLC holders can stake QLC and get Q-GAS starting from June 7, conducted on QLC Chain mainnet wallet.

“We are very happy and excited to announce that on Friday we will launch the Litecoin Cash Bounty Program.”

“It is mandatory that all Zenon Network participants upgrade their wallets to version 1.1 before block 113,864.”

“Burning tokens received for the use of the platform #VEROS FP”

AI for Virtual Assistants Workshop in Ho Chi Minh City on Friday, June 7th.

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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

We are continuing to test the support line around 0.34$. Till now this line is holding us but I would prefer that we take some distance from it because we could finish to break it and go directly to the next support line, the 0.31$ level. Let’s see, I don’t think we will be able to break it if the BTC doesn’t drop so again we will wait the master BTC to know the next for STEEM.

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Last Updates

Join this new Free To Play on the STEEM Platform !

Crypto Contest June 7: Fetch

June 7, 2019 Published by

Fetch (Binance: FETBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Fetch began a wave one advance on May 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on May 27. If this wave count is correct, Fetch should be heading next towards the May 21 peak in the red wave three.

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

Funnymentals

Fetch brings together machine learning, artificial intelligence, multi-agent systems and decentralized ledger technology to create an economic internet. You can watch

Quovo Inevitable Will Get Hurt By Huawei Ban

June 7, 2019 Published by

In late May, the U.S. Commerce Department added Huawei Technologies to its Entity List, saying they believe Huawei has been involved in activities contrary to the national security or foreign policy interests of the United States and can’t any longer buy components from U.S. companies.

The jab on Huawei was just Trump seeking more leverage in the ongoing US-China trade war saga.  Companies, in particular the semis have started to report lower guidance.  For example, Nvidia and Intel  recently lowered their guidance.  The latest company to make an announcement regarding lowered guidance was Skyworks Solutions.  However, one company, Quovo, that gets

BITCOIN – 6 Jun

June 6, 2019 Published by

On 4hr chart, narrow consolidation and limited upside.Likely to close off the week bearish and more downside next week.Possible heading to test 6800 SR zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :122
Total marketcap :249
Dominance :55.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Two Minute Crypto – Riding the Bull Part 2 of 5

June 6, 2019 Published by

Please click the link to listen to the 40th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.

External Podcast Links:

https://podcasts.apple.com/au/podcast/two-minute-crypto-riding-the-bull-part-2-of-5/id1441492450?i=1000440765816

or

https://www.podbean.com/eu/pb-d6fdn-b3ab50

Transcript

Two Minute Crypto – Riding the Bull Part 2 of 5

Welcome to Two Minute Crypto – the first episode in this series discussed information flow and the importance of assessing the quality of and the incentives behind your ‘go-to’ sources of information. This installment focuses on planning. Whether you are an active day trader, a long-term horizon investor or a bit of both,

MITH technical analysis

June 6, 2019 Published by

MITH seen from the temporality of 1D we can see how the current candle has found support in the 494 making a double floor, however, we can also see that the price when reaching the resistance of the 546 was rejected causing the current sales force, if the candle closes below the aforementioned support, it is very possible that we find a good entry in the support below the 401, with this would be forming a very bullish setup when claiming the support of the 494.

MITH seen from the temporality of 1W we can see how the previous bearish candle

Forex Price Action Baby, No Technicals or Fundamentals…Trade #18 – Sold EUR/NZD (6/6/19)

June 6, 2019 Published by

10,000 Ft View – 4 Hr Chart

Lets zoom in to the 1 hr chart. What I like about the level is price lost momentum to the upside, rounded out and now price is making lower highs and lower lows.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Bitcoin Analysis: Consolidating Before Next Move

June 6, 2019 Published by

Bitcoin has been consolidating on top of major support at $7,500. It seems to be getting squeezed within a small wedge, currently trading around $7,700. Daily volume has died off a bit as traders are waiting for the next move.

We’ve now seen a daily candle open and close below the 21 day EMA.

Long and short positions are both dropping, suggesting a lack of confidence in direction.

In today’s video I discuss where price may be heading next, buy and sell targets, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video,

Crypto Shopping Cart – 06 June

June 6, 2019 Published by

Prices went down, but the market is clearly moving along. That can only mean one thing: time to get the Shopping Cart into gear!

BTC has made some good gains this year, but for the most part, altcoin prices remain very low compared to BTC. The whole market may have climbed by about 150%, but the alts have been slow to gain any sat value. While we can’t be certain of this, it is likely that altcoins will eventually make significant gains against BTC. I believe in BTC, I really do, but I don’t believe that it should hold over 50%

Unusual Options Activity In SPDR Bloomberg Barclays High Yield Bond ETF, JNK

June 6, 2019 Published by

The SPDR Bloomberg Barclays High Yield Bond ETF, JNK seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index.

Analysts skeptical of calls for a trade-induced economic downturn say the resilience of so-called junk bonds shows the U.S. expansion has room to run, and that the growth worries emanating from an inversion of the Treasury yield curve — when short-term rates break historical norms and trade below their longer-term counterparts — have gone too far.“So far, credit spreads have remained well behaved, which also suggests to us

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