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Month: June 2019

? Daily Crypto News, June, 6th?

June 6, 2019 (updated June 6, 2019) Published by
  • Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’ ;
  • Facebook Set to Reveal Own Cryptocurrency in June, Report Says ;
  • $1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot ;
  • Bitcoin’s 2019 Price Run Driven By Real Transaction Growth, Analysis Shows ;
  • President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’ ;
  • ? Daily Crypto Calendar, June, 6th?
  • STEEM Trading Update

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

? Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’

Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5.


Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two,” with the goal to make stablecoins available for more of the world’s currencies.


The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.


Apart from Binance GBP, Binance is reportedly planning to introduce an array of other stablecoins backed by other currencies, with the exception of the U.S. dollar. Explaining the company’s decision, Zhou said that “from the users’ perspective, only certain portions of the world use the dollar. Other users use other currencies, and we feel it should be reflected in stablecoins as well.”

? Facebook Set to Reveal Own Cryptocurrency in June, Report Says

ocial media giant Facebook is said to reveal its own cryptocurrency later this month.


According to a report from The Information on Wednesday, Facebook is poised to unveil its cryptocurrency to the public later in June, which is aimed to allow users to process transactions via the social media channel, and will be offered to Facebook employees who want to be paid in the form of the cryptocurrency.


The report added Facebook is also planning to have physical portals for users to purchase the cryptocurrency, which, according to previous reports, is called GlobalCoin.


In addition, Facebook is reportedly inviting external parties to participate in the network that will empower the cryptocurrency to act as “nodes” for a fee that could be as much as $10 million each.

? $1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot

Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag.


Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens.


However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking. (The agreed-to prices may vary from investor to investor.)


While it’s unclear how many tokens the three Chinese funds bought, or how many investors besides them participated, one source said Polkadot has been able to sell only 70 percent of the intended 500,000 DOT.

? Bitcoin’s 2019 Price Run Driven By Real Transaction Growth, Analysis Shows

An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect.


The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s 24-hour adjusted transaction volume (USD) by the number of its active addresses to identify how much each active address spends in transactions per day on average.


If TAAR is high, then it means each user (active address) is transacting in high notional values, in other words, the network “quantity” (how much is being spent i.e. transaction volume) is high per the “quality” (how many users are spending the funds i.e. active addresses).

? President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’

The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4.


Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth 44.9 million Brazilian reals ($11.5 million) between the National Indian Foundation (FUNAI) and the Federal Fluminense University (UFF), which promoted the creation of a cryptocurrency for indigenous people to use. Bolsonaro delivered his comments during an interview with Ratinho’s SBT show on June 4.


After saying that the Minister acted properly in blocking the project that “wanted to teach the Indian to use bitcoin,” the president was asked by a show participant if he knew what bitcoin was. Bolsonaro replied:


“I do not know what bitcoin is.”

? Daily Crypto Calendar, June, 6th?

Airdrop of UOS tokens to EOS holders ends.

Bithumb Global Listing

OKEx Talks 2019 “The Adoption of Cryptocurrency for Business & Daily Life” from 7-10 PM (GMT +3) in Tallinn, Estonia.

Masternodes implemented

WorkFork Online Hackathon begins at 19:00 (GMT+2).

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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

So after the powerfull drop that we experieneced yesterday, we touched and tested the support line at 0.34$ and till now this support is holding us. However, be very carefull, if the BTC is continuing to drop, this support line will be break for sure also on the STEEM. So as I suggested on the BTC, I would advice you to wait to see which will be the next direction because currently this is impossible to know it, just propabilities.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

Crypto Contest June 6: Grin

June 6, 2019 Published by

Grin (Poloniex: GRINBTC) 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, Grin began a wave one advance on May 14. 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 June 3. If this wave count is correct, Grin should be heading next towards the May 21 peak in the red wave three.

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

Funnymentals

Grin is a cryptocurrency focused on privacy without censorship in its implementation of Mimblewimble. The Cryptoverse covered the coin earlier

Mirror

June 6, 2019 (updated June 6, 2019) Published by

Sunset in this mirror. Steemit.com in each minnow’s (www.palnet.io) mirrors?

Categorygoldenhourphotography
Camera ~ LensNikon D3400 DSLR ~ 18-55 mm
LocationAustralia

Prompt / Theme: Following up from my question yesterday: Check out this post about PALcoin (if you haven’t) and share your first thoughts on PAL and https://www.palnet.io/.

Giveaway ? – 2 winners
Prize A: 1 Steem Basic Income share
Prize B: 1 Dragonling Bowman (Splinterlands PROMO card)

Winners will be chosen randomly after post payout. If you would prefer a certain prize, please specify in your response, otherwise I may decide for you 🙂

Rules:
  • ? No Upvote, No Resteem, No Follow – just your responding comment required to enter.
  • Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
  • Posted or Commented 5 or more times during the week this post is active.
  • Not be on @cheetah’s blacklist.

Thanks for having a look ?

If you liked this photo follow @kiokizz for more.

Multiple Streams of Income is Key to Financial Freedom

June 5, 2019 Published by

Did you know that the majority of multi-millionaires have seven or more streams of income.  Yes, that is correct – Seven!
Still have some work to do…
Having that many streams of income sounds great, but what it really had me thinking about is the majority of society only has one. One income – generally a job, which you can lose to a layoff, firing, etc. Putting someone at zero just like that.
Additional Streams of Income
It’s important to have more than one stream of income for several reasons:

It’s prudent (if you lose a single source of income now you have to worry

OMG technical analysis

June 5, 2019 Published by

OMG seen from the temporality of 1D we can see the setup of a symmetrical triangle, the diagonal bull has formed two minima with bullish inclination, signal of a greater force on the part of the bulls to reverse the current trend, we could see that the candle touches a third time the diagonal or only that enters the area of demand indicated in the chart within a gray rectangle, that new point should push the price up to achieve the break of the figure and reach our first take profit located within the price range of 309 – 315,

What is going on here?

June 5, 2019 (updated June 5, 2019) Published by

Busy day at the office today so I couldn’t dedicate what I used to on STEEM and other crypto matters… so I arrived home, I switched on the computer and I saw this at Steemworld:

Rapidly, I checked my FEED and I realized that nothing new was recorded since long…weird…

Then I went to Stateothedapps I filtered by STEEM Platform and I get this:

yes man, all the DApps based on STEEM are showing very low user activity today, a drastic drop I would say…

What’s going on here?

Did I miss anything important?

Is HF21 is on going?

Half of the Steem active population died?

is it because the market correction is affecting all of us?

@toofasteddie

Keep Albemarle Corporation On Your Watch List

June 5, 2019 Published by

Albermarle was once a high flyer, but has fallen back to earth. I missed out the on initial leg up, but the beautiful thing about the Markets is it always gives you opportunities if you pay attention to it.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Its Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and electric vehicles…OK, I’m going to stop here.

 

The race by Tesla Inc., Samsung SDI Co. and

BITCOIN – 5 Jun

June 5, 2019 Published by

On 4hr chart, it did came down to 7900 and went below. Likely for more downside to test 7300 zone S/R. Possible HS forming, may head towards neckline around 6500~6400 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :122
Total marketcap :244
Dominance :55.8
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

GameStop…Is The Next Blockbuster – Part 3

June 5, 2019 Published by

Netflix went digital and ended Blockbuster’s physical distribution reign.

Source Image

The same thing is happen with the distribution of games.  So it was a no-brainer for me to conclude Gamestop was dead money and was going to $0 in the coming years.

GameStop…Is The Next Blockbuster – Part 2

GameStop Corp on Tuesday halted its quarterly dividend after reporting a 13.3% fall in first-quarter revenue that missed analysts’ estimates, hurt by slowing sales of video games and consoles at its stores.The gaming retailer has been struggling with shrinking profits as consumers shift to downloadable videogames instead of buying physical versions from stores.GameStop also

KYC? No thanks!

June 5, 2019 Published by

Every day, without fail, I see crypto supporters arguing in favour of KYC.

KYC does have a place in crypto, but not nearly to the extent that is commonly believed.

Before I get into this post, I have to make a slight detour on behalf of the Americans who may be reading this. Please bear with me:

For the Americans: (generalizations to follow)

I have noticed that Americans in particular are pro-KYC, far more so than other crypto investors. I believe that this is because Americans are largely isolated from the outside world. As a large country with great wealth, American citizens can happily live their entire

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