🗞 Daily Crypto News, August, 20th💰

  • China Is Racing to Launch a Digital Currency Ahead of FB’s Libra ;
  • World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds ;
  • Crypto and Security Token Exchange INX to Raise $130 Million in Landmark IPO ;
  • New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex ;
  • ‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay ;
  • 📑 Daily Crypto Calendar, August, 20th💰
  • STEEM Trading Update

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

🗞 China Is Racing to Launch a Digital Currency Ahead of FB’s Libra

The People’s Bank of China (PBoC) is almost ready to launch its government-backed digital currency, official sources say.


An Aug. 20 report from the CPC-owned English-language news portal China Daily further revealed that the central bank digital currency (CBDC) may have been influenced by the unveiling of Facebook’s planned cryptocurrency, Libra. 


‘Inspiration from Libra’


After five years of research and system development work since 2018, the PBoC is almost ready to launch its CBDC, the deputy director of the bank’s payments unit Mu Changchun revealed at a forum last week. 

Trials for the currency have been ongoing and the institution is reported to be testing multiple approaches for the project. If things proceed smoothly, the PBoC expects it could launch the currency sooner than Libra. 


The latter’s recent announcement is notably reported to have influenced the PBoC’s original design for its planned CBDC. 
Yang Dong — director of the Research Center of Finance Technology and Cyber Security at Renmin University of China — told China Daily that the announcement of Libra had sparked debate among Chinese regulators and motivated the project’s designers to involve more non-governmental institutions in the currency’s development and issuance process.

He stated:
“Further testing is needed before officially launching the Chinese CBDC, gaining inspiration from the Libra.”

🗞 World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds

The World Bank has issued a second round of its landmark blockchain bonds.


The international financial institution raised another $50 million AUD ($33.8 million U.S.) by selling the “blockchain-operated debt instrument” (bond-i), according to Commonwealth Bank of Australia (CommBank), which managed the sale jointly with RBC Capital Markets and TD Securities.


Both new and existing investors participated, CommBank said.


All told, the World Bank has issued $160 million AUD ($108 million U.S.) of these bonds, which run on a private version of the ethereum blockchain. It is “the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger technology,” according to CommBank.


“We are happy to see the continued, strong support and collaboration from investors and partners,” Andrea Dore, the World Bank’s head of funding, said in a press release. “The World Bank’s innovation and experience in the capital markets is key to working with our member countries to increase digitization to boost productivity in their economies and accelerate progress towards the Sustainable Development Goals.”

🗞 New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex.


According to a court filing on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors. 


In the filing, Judge Joel Coehn dismissed a motion by Bitfinex to terminate an action by the NYAG that would prosecute Bitinex under a New York law — the Martin Act. The NYAG originally alleged that Bitfinex and associated stablecoin firm Tether covered up an $850 million loss and in doing so, misled investors in the state of New York.


The allegations have resulted in a protracted legal battle between Bitfinex and state prosecutors, with the exchange claiming that it spent $500,000 and hired over 60 lawyers in order to comply with documentation requests by the NYAG.

🗞 Crypto and Security Token Exchange INX to Raise $130 Million in Landmark IPO

INX Limited, a crypto exchange startup, plans to raise up to $129.5 million through an IPO, in the first security token sale registered with the U.S. Securities and Exchange Commission (SEC).

No, that’s not a typo for “ICO,” the initial coin offerings that tested the limits of securities law during the go-go days of 2017. IPO means IPO here: INX, which is domiciled in Gibraltar, filed a draft F-1 (the SEC’s prospectus form for foreign issuers) with the agency on Monday and will market the tokens to retail and institutional investors through the initial public offering. 

As such, it’s a major milestone since to date, token sales have been unregistered. Some issuers confined their marketing to wealthy investors so they’d be exempt from the registration requirement and filed notices with the SEC. Most didn’t even bother to tell the regulators what they were up to, and over the last year, the agency has brought a slew of cases against ICO teams for illegally selling unregistered securities.

🗞 ‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay

Metallicus, the startup behind the peer-to-peer payments platform Metal Pay, received an undisclosed angel investment from the youngest bitcoin millionaire, Erik Finman.


In partnership with Metal Pay CEO Marshall Hayner, the two look to develop the first “all-in-one” cryptocurrency banking platform, which includes a 17 digital asset exchange, a digital bank and a payments application with social features similar to Venmo.


Founded in September, Metal Pay has processed approximately $11 million in total payments from nearly 130,000 registered users across 38 states. On a monthly basis, the company processes $1 million in crypto or fiat for around 30,000 active users, according to Hayner.


Finman staked a modest amount of bitcoin to finance the development of the banking and exchange ecosystem, he said, which currently holds approximately $2 million in crypto and fiat on the platform. Though Finman is willing to put in his entire “400 something” bitcoin fortune to fund Metal Pay’s growth, the 20 year old told CoinDesk.


“We’re looking to beat bitcoin,” Finman said.

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📑 Daily Crypto Calendar, August, 20th💰

Validators and delegators can begin participating in WAN staking.

Da Hongfei unveils NEO’s next development journey at a meetup in Berlin from 6:30 – 9:00 PM.

Earning automation is the point at which payouts move to fully automated.

We’re happy to announce that TomoZ mainnet will be live at 3 pm GMT +8 on 20th Aug 2019.

“The trading will open at UTC 4:00, August 20th .”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are currently testing the resistance line at 0.18$ but till now we are not able to break it. Most of the altcoin are not doing a so big UP with the bounce from the BTC so I don’t expect that STEEM will do better. We need a second bigger UP on the BTC to help us to break that resistance line and confirm that the low at stort term has been touched on the STEEM.

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Last Updates

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🗞 Daily Crypto News, August, 19th💰

  • Santander to Connect Latin America to Ripple-Powered Remittance Service ;
  • Alive, Thriving and Totally Unauthorized: Inside the Underground Market for Telegram’s Cryptocurrency ;
  • Binance Reveals ‘Venus’ — Its Own Project to Rival Facebook’s Libra ;
  • Bitcoin Price Bullish Wedge Forms Pointing to $11K
  • Crypto Wallet ZenGo Now Supports Facebook’s Libra Testnet ;
  • 📑 Daily Crypto Calendar, August, 19th💰
  • STEEM Trading Update

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

🗞 Santander to Connect Latin America to Ripple-Powered Remittance Service

Spanish megabank Santander Group is expanding its use of Ripple’s technology.


The bank is building a “payment corridor” that would let customers in Latin America send money to the U.S. instantly for free via One Pay FX, a mobile app that uses Ripple’s xCurrent software, officials told CoinDesk.


Currently, only customers in the U.K. and Spain can send money to the U.S. over One Pay FX. While the bank would not reveal how many Latin American countries it plans to connect to the corridor, Santander serves Brazil, Uruguay, Chile and Mexico.


Like Santander’s DLT efforts to date, the new payment capability will not involve XRP, the cryptocurrency that Ripple periodically sells to fund operations and that powers its separate xRapid product.

Last year, Santander introduced One Pay FX in four countries that account for more than half the bank’s profits: Spain, the U.K., Brazil and Poland.

🗞 Alive, Thriving and Totally Unauthorized: Inside the Underground Market for Telegram’s Cryptocurrency

The Takeaway:


Telegram’s long-awaited blockchain, Telegram Open Network, is said to be scheduled to launch Oct. 31, but the yet-to-be-issued gram tokens are already trading in an unauthorized secondary market.


Telegram has yet to publicly or formally acknowledge the project, but investors in last year’s $1.7 billion token offering, widely publicized in the press, are selling their gram allocations via OTC desks, exchanges and special-purpose vehicles.


Purchasing tokens this way might be risky, investors warn, as Telegram specifically prohibited investors from re-selling their allocations under penalty of terminating the purchase contract.
Secondary buyers may end up with nothing.

🗞 Binance Reveals ‘Venus’ — Its Own Project to Rival Facebook’s Libra

Top cryptocurrency exchange Binance is launching an open blockchain project “Venus” focused on developing localized stablecoins worldwide.


In an announcement published today, Aug. 19, the exchange argues it is well-positioned to launch such a currency ecosystem in light of its existing public chain technology, Binance Chain, wide user base and already established global compliance measures.


Leveraging existing know-how


The exchange says it is seeking partnerships with governments, corporations, technology firms, and other cryptocurrency and blockchain projects in order to develop a new currency ecosystem that will empower both developed and developing countries

🗞 Bitcoin Price Bullish Wedge Forms Pointing to $11K, Says Trader

Bitcoin (BTC) price was returning to bullish form on Aug. 19 as markets look to break out from last week’s sideways trading. 

Market visualization

Bitcoin price builds on $10K support

Data from Coin360 revealed Bitcoin challenging $11,000 in morning trading as Monday delivered almost 5% gains.
Markets appeared to be reacting to news cryptocurrency exchange Binance was planning to release its own version of Facebook’s Libra digital currency, in what is also a direct response to China’s central bank.
At press time, BTC/USD was circling $10,650, capping daily gains of 4.9%, while weekly progress still totalled 5.5% losses.

Bitcoin 7-day price chart

🗞 Crypto Wallet ZenGo Now Supports Facebook’s Libra Testnet

On Aug. 18, the developers of ZenGo, a non-custodial keyless cryptocurrency wallet solution, announced that their app now supports Facebook’s Libra testnet.


Experimenting with Libra


According to the announcement, now users “can send and receive Facebook’s new cryptocurrency, Libra, just like any other cryptocurrency in ZenGo.” The developers also noted that the “testnet funds don’t hold any real value and are only for testing purposes.” The post explains:


“If you would like to experiment with Libra, you can turn on Libra testnet from the Account tab in the wallet. Once you turn on the feature, make sure your wallet is backed up, and we’ll send you your first Libra. Facebook is developing its own wallet Calibra, but it’s not publicly available yet. When it does become available it will be a custodial wallet, meaning that Facebook will have full control over the funds stored in it. But that will not be the only option. That’s why we’re offering Libra in ZenGo a non-custodial that people will have the option to choose.”

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📑 Daily Crypto Calendar, August, 19th💰

Xensor will be listed in Bithumb Global exchange on August 19, 2019.

Web3 Summit is organized around a single rallying call: to facilitate a fully functional and user-friendly decentralized web.

“We’re going to launch Vexanium Whitepaper 2.0 (Bahasa & Mandarin) on 19th August 2019.”

“Big news coming this Monday for Project Hydro!”

“PegNet Mining goes live Monday August 19th 17:00 UTC!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Nothing really new for the STEEM, as the BTC, the moves are very limited and we didn’t even touched the resistance line at at 0.18$. We are closed of it so I would be really interested to see if we can try to break it or not. The worst scenario would be a touch on that line foloowed by a new drop. Let’s hope it won’t happen.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Chelsea Played Draw Yesterday

Hello everyone Good morning, How are you all doing hope you are all doing great. Today is another day for sports. Chelsea Played Leicester Yesterday and it was really a tough match which resulted in a draw 1-1. When they started the game in the first half. The newly signed player for Chelsea called Mount scored the first goal for Chelsea and then took that to the close of the first half. When they came back from the second half Leciester also prove themselves that they will win they are also they and equalized in the 69mins of the match. Both teams had alot of Chances but couldnt convert it into a goal so at the end of the 90mins it was 1-1. Both of them took away 1points each. Today Manchester United will be facing Wolves it will also a be a big game because last season this team worried most of the big team and also in epl games now we dont under rate any team. But for my prediction for todays match Manchester United will win by 3-0. And it will be a great win for us because the worry of the defense has now been solved so nothing to worry at the back again what we are now worrying about is the midfield and the Attacking. Lets all wait to watch the Manchester United match. Thank you for your time have a great day.

Abstract Architecture

Abstract photographs of the interior of an old mill that has now been converted to flats.
Taken with Fuji – X-E1. Lightly processed in Photoshop CS6.

🗞 Daily Crypto News, August, 16th💰

  • Coinbase CEO: Institutions Depositing $200-400M Into Crypto Per Week ;
  • Steemit to Automate Development Funding With New DAO ;
  • A Big Four Audit Firm Lost $1 Million In Bitcoin. Victims Are Losing Patience ;
  • Ripple to Give Away 1 Billion XRP in Massive Bid to Fund Online Content ;
  • Binance to Resume US Operations Within Two Months, Predicts CEO CZ ;
  • 📑 Daily Crypto Calendar, August, 16th💰
  • STEEM Trading Update

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

🗞 Coinbase CEO: Institutions Depositing $200-400M Into Crypto Per Week

Bitcoin (BTC) adoption by institutions has gone from a myth to fact in the past year, the CEO of major cryptocurrency exchange Coinbase has said. 


‘We know the answer’ about adoption: Armstrong


Speaking on Twitter Aug. 16, Brian Armstrong said that 2019 had formed the year of reckoning for institutional Bitcoin uptake, with the trend now obvious. He wrote: 


“Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it’s safe to say we now know the answer. We’re seeing $200-400M a week in new crypto deposits come in from institutional customers.” 

Coinbase becomes world’s largest crypto custodian


Armstrong made the comments hours after Coinbase confirmed its acquisition of the international operations of storage giant Xapo
The move, as Cointelegraph reported, put Coinbase top of the institutional manager list for crypto with $7 billion of assets under custody. 

🗞 Steemit to Automate Development Funding With New DAO

Steemit, a blockchain project that focuses on monetizing social media sites, has given details of a coming code upgrade that will usher in big economic changes.


Announced on Wednesday, the steem blockchain will undergo its 21st hard fork on Aug. 27 – one that will build in a new Worker Proposal System aimed to allow the blockchain to “fund its own development.”

The new system – set up as a decentralized autonomous organization, or DAO – will allow Steem users to publicly propose work they are willing to do in return for payment in the project’s native cryptocurrency, steem dollars (SBD). The Steem.DAO will provide a way for the platform’s users to vote on proposals, weighted by their stake in the platform.

🗞 A Big Four Audit Firm Lost $1 Million In Bitcoin. Victims Are Losing Patience

The Takeaway:


QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds.

The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a better understanding of how the audit firm accidentally lost 103 bitcoin earlier this year.

Some users are contemplating finding new legal representation due to their frustrations with Miller Thomson.
Ripple has until mid-September to file its response.

🗞 Binance to Resume US Operations Within Two Months, Predicts CEO CZ

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months.


Navigating U.S. regulation


Zhao, also known as CZ within the crypto community, made his prediction in an interview with online news outlet Cheddar published Aug. 15. When asked about Binance’s return to operations in the U.S., Zhao said: 


“I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but I would say in a month or two.”

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📑 Daily Crypto Calendar, August, 16th💰

“Xensor will be listed in Digifinex exchange on August 16, 2019.”

V1.4.3 release, which includes filesharing and continuous backups, by August 16.

Trading: begins August 16, 2019 at 3:00PM (UTC+8). Trading pairs will be ABBC/BTC and ABBC/USDT.

Skycoin’s bi-weekly development update for week 32 & 33 of 2019.

“The team is set to host their first live AMA on 17th August to answer all your questions!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So the support line created by the previous low has been broken and as predicted, the drop has continued on the STEEM. We have no real support now at these levels. We are having currently at little bounce but if we cannot go higher than the line that we just broke, I expect that it is just a pull back before the drop continuation.

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Last Updates

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