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Month: June 2019

? Daily Crypto News, June, 3rd?

June 3, 2019 (updated June 3, 2019) Published by
  • Maxwell, Wuille Co-Author Proposal for a Big Boost to Bitcoin’s Bandwidth ;
  • EOS Holders Vote to Reduce the Annual Inflation From 5% to 1% ;
  • Why Bitcoin’s ‘Culture War’ Matters ;
  • OKEx Sister Firm OKLink to Launch USD-Pegged Stablecoin USDK ;
  • Binance DEX Will Geoblock Users From 29 Countries, Including the US ;
  • ? Daily Crypto Calendar, June, 3rd?
  • STEEM Trading Update

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

? Maxwell, Wuille Co-Author Proposal for a Big Boost to Bitcoin’s Bandwidth

A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%.


cointelCalled Erlay, the proposed protocol alters the way transactions are relayed so that they use significantly less bandwidth, an important resource for the nodes that make up the network. The authors include The University of British Columbia researcher Gleb Naumenko as well as two bitcoin development heavy-weights: Greg Maxwell and Pieter Wuille.


The way bitcoin works is that nodes across the world tie together to form a network. Under the hood, once a transaction is broadcast, it ripples through this vast network of hardware.

? EOS Holders Vote to Reduce the Annual Inflation From 5% to 1%

EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority.


According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms.


The original purpose of accumulating funds on the aforementioned account was allegedly to have the community vote on how to spend it or even burn it. Still, the proposal claims:


“However, 8 months have past and there is still no defined use for this large quantity of EOS tokens that continues to flow into the eosio.saving account. This large quantity of accumulated tokens has now become excessive and if we continue to allow it to keep growing, it will eventually become an attack vector for the network.”

? Why Bitcoin’s ‘Culture War’ Matters

Let’s talk about bitcoin, toxicity and inclusiveness.


(Boy, my Twitter feed is going to have fun over the next few days.)


To start with, let me take a position: I stand with those people, especially women, who’ve lately been calling out maltreatment from members of the bitcoin community and citing rude and abusive behavior as proof of that community’s lack of inclusiveness. These are people who believe in cryptocurrency technology’s potential but feel discouraged to believe that they belong to the community’s dominant white-male subculture. If this technology is to fulfill its global potential, the community associated with it must confront this problem.


But the real point of this column is not to just defend these critics. It’s to debunk one of the more common positions adopted by those who take issue with their complaints, particularly on Twitter. In doing so, I hope to emphasize just how important the concepts of “community” and “culture” are to the healthy development of crypto technology and the ecosystem growing around it.

? OKEx Sister Firm OKLink to Launch USD-Pegged Stablecoin USDK

Global settlement firm OKLink, a sister company of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.


In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.


On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter.
At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.

? Binance DEX Will Geoblock Users From 29 Countries, Including the US

Global settlement firm OKLink, a sister company of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.


In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.


On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter.
At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.

? Daily Crypto Calendar, June, 3rd?

“The NEO MainNet will be upgraded at 9:00 am on June 3rd, 2019 (GMT).”

“Errands fulfillment and On-demand delivery service will now be fully functional.”

At block 106560 coin emission rate decreases from 7 to 6.5 ZNN.

2,291 OROX burned at 00:00 UTC as part of Cointorox’s on-going revenues burning program. New Total Supply: 5,568,284 OROX.

Mainnet upgrade to optimize DPoS consensus performance and improve node connection stability.

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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

As usual the STEEM has some delay but is continuing to follow the BTC? So the resistance line at 0.39$ is now broken and we should go in direction of the resistance line around 0.43$. If the BTC is doing its pullback, we took some distance from our support line so we could do a similar pattern and make a pull back on the 0.39$. Let’s see, this scenario is not mandatory to test the 0.43$ level.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

BTC Prints Green 4 Months in a Row

June 3, 2019 Published by

For the fourth month in a row, BTC has closed with a green monthly candle. Each candle closing stronger than the last. We are now closer to the previous all-time high (roughly 128%) than the bottom (approximately 170%).

https://www.tradingview.com/x/pRWNUKrN/

So are we due a Pullback?

Of course we are. Are we guaranteed to get one in the coming weeks? No, not at all even above typical market unpredictability.

Why not? All the typical TA indicators scream – correction.

For myself, 2 current factors serve to lessen the likelihood of an imminent (25-40% correction) which by the way I would love to see.

Institutional Money (Finally)

The possible

World Stock Market Relative Strength Analysis Report For Week Starting 6/2/19

June 3, 2019 Published by

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

Source Image

Because we live in a global economy, the global equity markets

US Dollar Smart Money Sentiment 6/2/19 – A Contrarian View & Bet To The Downside

June 2, 2019 Published by

The dollar’s rally may be approaching an end as pressure mounts on U.S. President Donald Trump to strike a trade deal with China, according to Brandywine Global Investment Management LLC.The money manager, which oversees $72 billion, is banking on this view to short the greenback and buy some of the biggest casualties of the trade war, including the Australian dollar. The rationale? Trump will be compelled to make peace with Beijing to protect the interests of American consumers.But in Brandywine Global’s longer-term view, Trump’s show of hostility may be part of a strategy to drum up support among conservative voters

Building Minnows: Small SP Delegation to @anaclark + SBI Sponsoring [W5]

June 2, 2019 (updated June 2, 2019) Published by

Still no important change regarding activity in the STEEM Blockchain…The number of active steemians keeps going down despite a little recovery experimented one month ago.

According to STEEMTOOL we are ending the week with 5165 daily active steemians that post around 8041 posts a day…

Anyway, I am fully confident it is a question of time that we will see the recovery of the activity… I think we are very dependant on the market conditions… if the market keeps growing, we will see a massive entry of newcomers and also people who has left trying to join again in the platform .

Last week I was pleased to have found a new steemian to follow straightly since her very first post, her name is @anaclark and I think she has a lot of talent for writing and describe her thoughts…

She wrote another great post which had not the great success as her first one had, anyway, I invite you to read it:

“This is My Little Ki”

@anaclarck started at steem as many others, with very poor Steem Power… actually, she run out of Resources Credits very rapidly while trying to reply some comments that she gets at one of her posts… one of the comments was mine…and she replied later on, telling that she was run out of SP…

I decided to delegate some SP to her so she can have some RC in order to interact more frequently.

Hope people like @anaclarck will find its way and remain here.

SBI Sponsoring

This week I am going to keep my @steembasicincome shares again to @marenontherun and @mrhill , and I am also adding one exceptional runner to the “party”, he is @king-cobra and he is at the doors of becoming Minnow as well so I think he can be a very good candidate for @steevc initiative #tenKminnows .

If you like running, maybe you would appreciate this post from @king-cobra:

“Running is my life” , it is an old post but a very good one.

And that’s all for this week folks!

Steem on.

@toofasteddie

BITCOIN – 1 Jun

June 2, 2019 Published by

On 4hr chart, still hovering around the middle of the up channel. Stoch price looking for a downside move maybe testing the previous mentioned channel bottom 7900 zone. On hourly, looks like the price might still climb up. On weekly likely to close of long tail doji, if it closes below the week open 8732, we might see some sideway downside move next week.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :122
Total marketcap :275
Dominance :56
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

I Told You The Smart Money Was Coming

June 2, 2019 Published by

I have been preaching for months about how the Smart Money was coming into the Crypto space because when it comes to trading, the Smart Money buy low and sell high, while the retail investor buys high and sells low.  

Bitcoin Smart Money Sentiment 8/9/18 – Smart Money Continues To Enter The Crypto Space

Evidence Smart Money Crypto Infrastructure Is Being Built

Be Patient…The Smart Money Is Coming

I recently came across an article on Cointelgraph that quantified what I was saying:

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

Is it Skill or Your Beliefs Holding You Back?

June 2, 2019 Published by

This is a point I have shared before but want to share again.
Anyone who reads my blog or listens to the Scaredycat investor show has probably heard me at least once say:

90% of trading and investing is psychology, the other 10% is skill.

Change Your Story, Change Your Beliefs
This is actually super powerful as most of us tell ourselves a story throughout each and everyday.
It’s that story of why something is they way it is, we rationalize things – we create excuses.
What’s the Point?
The point of bringing this up is that a large majority of the time (more than you think)

Fire ‘Tsunami’ Set

June 2, 2019 (updated June 2, 2019) Published by

Sunset’s wall of flame.

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

Prompt / Theme: What are your thoughts on the newly announced https://voice.com/ Block.one?

Giveaway ? – 2 winners
Prize A: 1 Steem Basic Income share
Prize B: 250 Dark Energy Crystals (Splinterlands DEC)

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.

MEOS is announced. Its called “Voice”

June 2, 2019 (updated June 2, 2019) Published by

Looks like Block.One just made a run of the mill social app. From what i see right now it has a single unique feature or spending tokens to boost your comment. Thats what is supposed to give the token value.

Spending tokens to get your “voice” heard.

I mean it sounds fine i guess but thats just a small feature. MINDS has something similar. Spending tokens to boost your post and even though it works fine there i never found the tokens to be in demand or the platform very appealing.

I havent gotten into the beta, i did sign up, so i cant be sure 100% but this hardly looks like a STEEM killer. Maybe a MINDS killer because it reMINDS me of it. (Get it. lol)

STEEM has a million and one application and utility connected to its token and a silly ERC 20 type idea doesnt really seem like a competitor.

There are a few things i do like and thats the KYC and eliminating bots, abusers, scumbags and psychopaths. I never found this “hide your identity” stuff too appealing. It allows for a lot of abuse and im not someone perpetually in ideological war with “government”.
The thing is that i dont see “Voice” being censorship resistant at all. They might not act on it but “Voice” is just a centralized app from what i can see.
Unfortunately it seems that guys that left for MEOS (Voice) like Bernie or a few other circle jerkers and abusive characters will be coming back since i dont think Voice will allow for such abusive behavior they are used to. (You celebrated too early haha)

In the end i have to give a big “MEH” to what ive researched and seen so far. Maybe theres more behind it but we will have to wait a bit to find out more.

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