? Daily Crypto News, September, 7th?

  • Blockchain Startup DappRadar Raises $2.33M From Naspers, Blockchain.com ;
  • Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October ;
  • The State of Security Token Regulations in Asia ;
  • Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own ;
  • How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business ;
  • ? Daily Crypto Calendar, September, 7th?
  • STEEM Trading Update

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

? Blockchain Startup DappRadar Raises $2.33M From Naspers, Blockchain.com

Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding.
$2.33 million to expand services 


On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group. Blockchain.com Ventures, a venture capital fund and subsidiary of Blockchain.com, and Angel Invest Berlin were also among the participants.

? Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October

Ethereum’s testnet activation of the Istanbul hard fork has been pushed back to early October, according to the community manager of the Ethereum Foundation, Hudson Jameson.


According to CoinDesk on Sept. 6, Jameson said on a developers’ call that the testnet launch of the hard fork is now scheduled to take place in the beginning of October.

He added:


“For anyone listening in who doesn’t know how this works, we pick a block number that we estimate to be around the 2nd of October. […] However, that might be one or two days behind or forward from that date based on how fast blocks are produced between now and then.”

? The State of Security Token Regulations in Asia

Since the cryptocurrency boom and initial coin offering craze of 2017, many countries in Asia have taken steps to clarify their regulations surrounding cryptocurrencies and security tokens.


In this article, we focus on the three countries that have the clearest regulations in place regarding digital assets, though there is still more work to be done.

Click on this link to see updated regulations in Thailand, Hong-Kong and Singapore


? Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own

Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment.
Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release their own digital currency in the near future.

Powell added that cryptocurrencies raise a range of concerns including cyber security issues:
“If you think about one currency that was for the United States, it would really need to be cyber secure because it’s one thing to be able to counterfeit paper currency, it’s another thing to hack into a cyber currency and create, with a computer, however much of it you want.”

? How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

 The Takeaway:
Crypto lending startup Celsius raised $50 million in a token sale in 2018.


Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral.


BitGo confirmed to CoinDesk that it held $1 billion worth of crypto deposits from Celsius over the past year.


CEL tokens are trading for roughly the same price today as they were last autumn, shortly after the token sale.


So far, Celsius says it has not been contacted by any regulatory body with concerns about CEL tokens.

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? Daily Crypto Calendar, September, 7th?

The announcement for Vexanium Dapps Competition 2019 winner!

“Deep reorg protection is coming. Testnet until end of August 2019. Mainnet September 6th 2019.”

“The event will be the first of the EXANTE series on DeFi, decentralized finance.”

Shanghai Blockchain Technological Innovation Summit from 9:00 – 17:00.

“Xensor will be listed in IDAX exchange on September 6th, 2019”

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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

Till now and also due to the BTC correction, the UP that we had yesterday is becoming a simple PUMP and DUMP. We almost lost all the UP of yesterday so yeah, just consider it as a false signal. I traced for you the low on the STEEM around 0.155$. It is really possible that we go touch it quiet soon. Let’s see if we will have a bounce on that level.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

? Daily Crypto News, September, 6th?

  • China’s National Crypto Similar to Libra, Central Bank Official Says ;
  • Binance Launches Dollar-Backed Crypto Stablecoin With NYDFS Blessing ;
  • The State of Security Token Regulations in Asia ;
  • Blockchain, Cryptocurrency Not Proven Safe Havens Says Investor Mark Mobius ;
  • Someone Just Moved $1B in Bitcoin for $700 Fee, Overpaying 20 Times ;
  • ? Daily Crypto Calendar, September, 6th?
  • STEEM Trading Update

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

? China’s National Crypto Similar to Libra, Central Bank Official Says

A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token.


The English-language website of the Hong Kong Economic Journal reported the news on Sept. 6, citing prior coverage by Shanghai Securities News, which is owned by the official Chinese state-run Xinhua News Agency.
“We need to plan ahead for a rainy day”


Mu Changchun — deputy director of the People’s Bank of China (PBoC)’s payments department — has said that China’s digital currency will be supported across major e-payments platforms such as Tencent’s WeChat and Alibaba-backed Alipay.
The tokens will be guaranteed by the central bank and thus as secure as PBoC-issued paper notes and can be used without an internet connection, to ensure that transactions can continue even in the event that communications networks are down. 

? Binance Launches Dollar-Backed Crypto Stablecoin With NYDFS Blessing

Crypto exchange Binance is launching a dollar-backed stablecoin in the U.S.


Moreover, the new Binance USD (BUSD) has received the blessing of the New York Department of Financial Services (NYDFS). The exchange announced Thursday that NYDFS had approved the new offering, which Binance is launching in partnership with the Paxos Trust Company.


The Binance stablecoin will be backed by U.S. dollars on a 1:1 ratio, according to a press release. The offering joins the Paxos Standard and the Gemini Dollar as an NYDFS-approved stablecoin.


At launch, verified Paxos customers will be able to directly purchase BUSD tokens through the company’s wallet using either U.S. dollars or PAX, its own stablecoin. Binance users will likewise be able to trade BUSD for bitcoin, binance coin or XRP.

? The State of Security Token Regulations in Asia

Since the cryptocurrency boom and initial coin offering craze of 2017, many countries in Asia have taken steps to clarify their regulations surrounding cryptocurrencies and security tokens.


In this article, we focus on the three countries that have the clearest regulations in place regarding digital assets, though there is still more work to be done.

Click on this link to see updated regulations in Thailand, Hong-Kong and Singapore


? Blockchain, Cryptocurrency Not Proven Safe Havens Says Investor Mark Mobius

Mark Mobius, major investor and founding partner of Mobius Capital Partners, is still bearish on cryptocurrencies and blockchain technology… with some caveats.


Speaking on CNBC’s The Squawk Box this morning concerning emerging markets and safe-haven asset classes, Mobius said cryptocurrencies, like fiat, are backed by faith and only hold utility as far as others are willing to use them.


“The bottom line is there is a whole generation of people who have faith in the internet, they have faith in these cryptocurrencies…the degree to which a cryptocurrency can enable you to buy something and you believe that to be the case, then that’s fine.”


Mobius said a gold-backed cryptocurrency run on the blockchain would be of interest, however. “If there is a cryptocurrency that is really backed by gold and there is a meaningful agreement and some kind of modern thing connection, then this could be quite interesting,” he said.

? Someone Just Moved $1B in Bitcoin for $700 Fee, Overpaying 20 Times

A $1 billion Bitcoin (BTC) transaction has become conspicuous not because of its size but because its sender spent far too much on fees. 
Someone could have sent 94K BTC for $35


Social media users were guessing at the origin and destination of the funds on Sept. 6, which involved 94,504 BTC ($1.018 billion).


According to Twitter-based monitoring resource Whale Alert, the transaction did not involve known wallets or those belonging to a specific cryptocurrency-related organization, such as an exchange.
One theory suggested the funds may be tied to institutional trading platform Bakkt, which begins accepting client deposits today.
“Institutions

building inventory for their market-making needs going forward,” commented Max Keiser on the giant transaction. He added:
“This = effective ‘put’ on the BTC price at $9,000 (as I’ve been reporting for several yrs now). Ie, institutions are net-buyers of any BTC that shows up at $9k. Risk/reward now for buyers is excellent.” 

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? Daily Crypto Calendar, September, 6th?

The announcement for Vexanium Dapps Competition 2019 winner!

“Deep reorg protection is coming. Testnet until end of August 2019. Mainnet September 6th 2019.”

“The event will be the first of the EXANTE series on DeFi, decentralized finance.”

Shanghai Blockchain Technological Innovation Summit from 9:00 – 17:00.

“Xensor will be listed in IDAX exchange on September 6th, 2019”

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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

Yesterday I was saying you that we need an increase of volume and volatility to break the support line at 0.18$. It happened only some hours after my article. The only negative point is that we are doing a pull back on this support line at 0.18$ but we already broke back the support. It is not a drama as this kind of pullback is not always precise but we must see in the coming hours a bounce from the levels at 0.18$ and see a UP continuation to validate this nice movement. If it is not the case, I’m afraid that this UP would have just been a pump and dump…

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Nearly 200 CEOs just agreed on an updated definition of “the purpose of a corporation”

Nearly 200 CEOs just agreed on an updated definition of “the purpose of a corporation” (Quartz)

  • Nearly 200 CEOs in the US, including companies such as Apple, Bayer, BP, Deere, JPM and Abbott (all members of the “Business Roundtable”) released a new Purpose of a Corporation statement this week.
  • The new statement shifted from being focused exclusively on creating shareholder value to a much broader remit including all stakeholders such as employees, communities, suppliers and customers. The full statement can be found here.
  • The Business Roundtable is made up of America’s most influential corporate leaders and has periodically issued Principles of Corporate Governance since 1978, with each version since 1997 having historically endorsed the principle of shareholder primacy.

Analysis and Comments

  • One of the questions we get on ESG is whether this time it is different or whether companies are just paying lip-service to investor demands for more ESG focused strategy.
  • The above development is evidence that there is a structural shift within the corporate world. This is significant. America’s largest companies are effectively saying shareholders are nolonger a priority and that a much broader set of goals will be put in place treating other stakeholders on the same level. It’s no longer just about profit. Will be interesting to hear Trump’s thoughts….
  • Out of 189 members of the Business Roundtable, only Alcoa, Blackstone, GE, Kaiser Permanente, NextEra, Parker Hannifin and State Farm failed to sign up.

? Daily Crypto News, September, 5th?

  • UN Official: Crypto Makes Policing Child Trafficking ‘Exceptionally Difficult’ ;
  • Bitcoin Short of Bull Target Despite Five Days of Price Gains ;
  • China’s Crypto Competitor Is Being Built in a Secret Office with Restricted Access ;
  • Square, Twitter CEO Jack Dorsey: Bitcoin ‘Not Functional as a Currency’ ;
  • Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon ;
  • ? Daily Crypto Calendar, September, 5th?
  • STEEM Trading Update

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

? UN Official: Crypto Makes Policing Child Trafficking ‘Exceptionally Difficult’

A top United Nations (UN) official said cryptocurrencies are making international efforts to combat terrorist financing, money laundering and cyber-crime “exceptionally difficult.”


Neil Walsh, chief of the Cybercrime and Anti-Money Laundering arm of the UN’s Office on Drugs and Crime, said that the anonymizing and pseudo-anonymizing attributes of cryptocurrencies provide a “new layer of secrecy that favors the criminals,” when speaking to the Australian Broadcasting Corporation’s Linda Mottram.


Specifically, Walsh raised concerns about the role cryptocurrencies play in the clandestine child trafficking industry.


“In the past, when we looked at some of the really big high-threat areas like kids getting abused online, it had to be paid for and now, with the use of cryptocurrencies, it’s exceptionally difficult for investigators to track that and try and manage that risk down,” Walsh said.

? Bitcoin Short of Bull Target Despite Five Days of Price Gains

View

Bitcoin’s five-day winning run, the longest in a month, has neutralized the short-term bearish view. A UTC close above the lower high of $10,956 created on Aug. 20 is needed for a bullish revival.

Volumes picked up on Tuesday, adding credence to Monday’s triangle breakout on the daily chart. So, a rise to $10,956 may be on the cards.

The probability of a move above $10,956 would weaken if the prices drop below key the crucial support at $10,286 on the hourly chart. Acceptance below that level could yield a deeper drop into four figures.

? China’s Crypto Competitor Is Being Built in a Secret Office with Restricted Access

The People’s Bank of China (PBoC) is charging full speed ahead with its digital currency plans, hoping to beat Facebook’s Libra to market.


A dedicated team from the central bank’s Digital Currency Research Lab is now developing the system in a closed-door environment, away from the PBoC’s downtown Beijing headquarters, a person close to the bank told CoinDesk. 


The team has been working in this separate location since early summer so they could fully concentrate on the project, this person said.


The work has been expedited as Facebook unveiled in June its vision for Libra, a global cryptocurrency to facilitate payments, the source added. 

? Square, Twitter CEO Jack Dorsey: Bitcoin ‘Not Functional as a Currency’

Square and Twitter CEO Jack Dorsey has said Bitcoin (BTC) will continue to be adopted more widely, but it is still too early to consider it a currency.


Make Bitcoin more usable and accessible as a currency


On Sept. 4, the outspoken Bitcoin advocate told the Australian Financial Review that he is convinced the No.

1 cryptocurrency will continue to be adopted more widely. However, Dorsey added:


“It’s not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold. What we need to do is make it more usable and accessible as a currency, but it’s not there yet.”

? Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon

Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech.

Deforestation and fires in the Brazilian Amazon

On Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask for their support to fight against deforestation and forest fires in Brazil. The post on the foundation’s website states:

“Since Bolsonaro took office in January, deforestation in the Brazilian Amazon is up 75% and forest fires in the Brazilian Amazon have doubled compared to the past year. As guardians of our rainforests, its animals and its people, we are working with The Giving Block to form a coalition of crypto sponsors, donors and media partners who will help stop this devastation.”

The Rainforest Foundation says that it is accepting cryptocurrency donations in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and other cryptocurrencies.

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? Daily Crypto Calendar, September, 5th?

“SDF and the Blockchain Innovation Associates are teaming up for a Meetup in Manhattan on Thursday, September 5!”

“We’ll have good tech, good people, and good food – come get excited with us and learn how to build on our protocols!”

Team updates from the following divisions: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Casual Monolith community meetup at Hyde Park, Thursday 05 September, 06:30 PM.

“AMA on September 5th 09:00 AM GMT+7”

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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

The STEEM has still difficulties to progress, even during the UP of the BTC. We are slowly progressing towards the resistance line at 0.18$. If we don’t have an increase of volume and volatility, we have no chanc at all to break this resistance line and we have a high risk of rejection during the test of this line. Let’s see if we will start to see more volume on the STEEM because currently is really low and without any volatility.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

#SPUD5: The Continuous Compounding

and yes!!!

BITVAVO’s withdrawal received at my wallet, 300 STEEM for 45 Euros!!!! Not bad at all, and the best of all with super tiny fee 12 cents!!!

Now I have fully certified my audit on BITVAVO exchange, they are reliable, fast and secure besides having unsurpassed fees. Next step will be to test them the other way around, so withdrawing CASH from them but it will be another story and not for the near future…first we all want to see STEEM at its best!!!

But this has not been the end of my #SPUD journey today.

Then, I have reviewed my earnings at Steem-Engine wallet, obtaining 40 STEEM more…

Converting some SBD to STEEM as well…

and finally powering up the whole STEEM liquid of my wallet today.

In total, a little more than 364 STEEM powered up which is a sudden increase of 5.2% of my STEEM POWER!!!

This is the power of compounding, trade, invest in some nice tribes tokens, work, engage and get rewards…

and, What better time to do it if it isn’t now at #newsteem?

Thanks to @streetstyle for this nice initiative!

Steem on!

@toofasteddie

Plastic, plastic everywhere but not for African recyclers

Plastic, plastic everywhere but not for African recyclers (Reuters)

  • As in many developing countries, Kenya’s recycling industry is underdeveloped and relies heavily on the private sector, which has slowed plastic recycling initiatives, as the plastic collection business generates low margins
  • As a result, multinational firms like Coca-Cola and Unilever are subsidizing the collection of their PET through the non-for-profit body called PETCO whose members reportedly account for 60% of the PET market.
  • Additionally, Coca-Cola, Nestlé, Unilever and Diageo have formed the African plastic recycling alliance last March to create recycling initiatives.

Analysis and Comments

  • The article showcases the two main issues the plastics recycling industries in most countries are faced with; 1) an underdeveloped collection and recycling infrastructure, and 2) the subsequent lack of recyclable materials to sustain their businesses.
  • While a growing number of governments has already begun to take action (e.g. in the form of bans), more incentives from governments are needed to boost participation in recycling schemes (or, for example, to set up deposit schemes which have shown to be very successful in the EU) and to hold companies legally responsible for the collection of their waste.

Alternatives to improve the low rewards

6509 SP and increasing, this is the value of my account in STEEM POWER while in USD it is about 1280$ according to Steempeak.

I would not say that this amount of STEEM POWER is low… I am a consolidated and a proud DOLPHIN who has been working hard and investing in the worst time ever to do so and still doing it.

However my rewards today are almost half those of seven days ago…due to the NOT-SO-FAIR-AT-ALL Non-linear Rewards curve…

I have read that, right now, it is almost impossible to get rewarded by upvoting comments… and also that Bid-bots use are really required if you want to earn “anything” from your Hard-work…

Read this post written by the wizard @steemchiller , dev and owner of STEEMWORLD:

https://steemit.com/steemworld/@steemchiller/steemworld-update-managing-the-after-fork-effects

O maybe you are interested on reading this one from @blockchainstudio , who is another outstanding dev you must follow:

https://steemit.com/deathofpob/@blockchainstudio/convergent-linear-encourage-using-voting-bot


Before HF21, I personally was not a fun of maximizing my earnings nor by upvoting “succulent” comments neither by using Bid-bots and, of course, they are not in my present or future plans.

My plan is to continue working, engaging and searching for opportunities of building my STEEM POWER. I am buying again short amounts of STEEM, mainly using BITVAVO and I am planning to power-up some tomorrow, following the traditional SPUD5 day (STEEM POWER UP DAY) set by @streetstyle. By the way, if you want to try out BITVAVO and you want to help me growth my account, here you have my referral, https://bitvavo.com/?a=C658B92169 .


One alternative that I am using lately in order to mitigate a little the reduction of my rewards is @drugwars , I am playing this game once a day and it is currently providing me a relief in DWD (DrugWars Dollars) which is an Steem-engine token currently worth 0.03 Steem/token at the named market. If you play well you can earn a lot of DWD and so STEEM.

(I have a referral also for @drugwars , let me know at comments if you are interested on trying out the game and I will help you building your “empire” by giving you some good resources)


Then, I am always doing an “audit” of my STEEM-ENGINE Wallet, on a weekly basis.

I usually stake half of the tokens of those TRIBES that I am interested on, i.e LEO, PAL, SPORTS, PHOTO… with the rest I simply sell them.

This evening has been “harvesting” Time for me at the Steem-Engine market and I get 43 STEEMP in just one week:

As you can see, there are always options for growing your account, now it is just a question of changing a little bit your habits till now as a consequence of the #newsteem rules…which, by the way, I hope will be better balanced in the near future by another adjusting Hardfork, specially regarding what I think is an UNFAIR new rewarding curve.


@toofasteddie

Probably the most important new about crypto I have read lately.

Ahhhhh, what an amazing country!

Just one week ago that I came back from a holiday trip at Portugal, mostly at Algarve and Lisbon area.

Chatting with my wife we both agreed that Portugal had surprised us in many aspects…

There we found an exemplary country in my opinion, excellent gastronomy, beautiful and clean beaches, preserved nature, modern and efficient infrastructure, healthy industry…

It gave us the impression that the country is emerging from the European economic crisis in a more efficient way than the rest of the southern countries …


… and not only at the traditional levels of the economy….

The Portugal Tax Authority has a very clear approach regarding BITCOIN and CRYPTOCURRENCIES:

“Cryptocurrency trading and payments in Portugal are exempted from tax”

Read the Authority Rule here (Portuguese language) and a more synthetic new here .

Do you think Spain and the rest of European countries will learn from Portugal’s Example?


@toofasteddie

U.N. flags need to cut meat to curb land use impact on global warming

U.N. flags need to cut meat to curb land use impact on global warming (Reuters)

  • According to a recent report by the UN’s Intergovernmental Panel on Climate Change (IPCC), global meat consumption must be reduced to curb global warming and alleviate strains on stretched land and water resources.
  • As human use directly affects more than 70% of the global ice-free land surface, plant-based foods and sustainable animal-sourced foods could free up several million square kilometres of land by 2050 and cut harmful emissions.
  • Last year’s report called for rapid changes across society to keep the temperature rise to 1.5 degrees Celsius, while this year’s report states that “[t]he window for making these changes is closing fast. If there is further delay in reducing emissions, we will miss the opportunity to successfully manage the climate change transition in the land sector.”

Analysis and Comments

  • According to the report, agriculture, forestry and other land use activities accounted for 23% of total net man-made GHG emissions during 2007-2016 (excluding pre- and post-production activity in the food system).
  • While the IPCC stops short from actually telling people to go meat-free, it does advocate the benefits of a more plant-based alternative diet, which may be seen as a positive for players in this space (although this is not exactly news).
  • The Guardian published a highly critical response to the IPCC’s land and climate report (saying that it “irresponsibly understates the true carbon cost of our meat and dairy habits”), which includes a number of very interesting figures – well worth a read!  

Beyond Meat’s Share Price

Ethical Stock Investment To Launch On New York Stock Exchange

Ethical Stock Investment To Launch On New York Stock Exchange (PlantbasedNews)

  • Beyond Investing is launching the US Vegan Climate Exchange Traded Fund (VGN ETF) on the New York Stock Exchange on September 10th.
  • The ETF is targeted at vegans looking for climate-conscious investments and is constructed by taking “the Solactive US Large Cap index (a proxy for the S&P 500 Index) and [excluding] any stocks whose activities are incompatible with a vegan and climate-conscious approach to investing, replacing damaging stocks with midcap alternatives that meet its ethical criteria.”

Analysis and Comments

  • Flows to ESG and sustainability-focused funds have spiked this year, as investors continue to focus on the investment opportunities that address issues such as climate change, (plastics) pollution, or gender pay disparities.
  • Therefore, you should expect to see continued growth in the number of investment instruments focused on these issues, particularly as worries around uncompetitive “stranded assets” intensify.