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? Daily Crypto News, May, 10th?

May 10, 2019 (updated May 10, 2019) Published by
  • Facebook May Announce FB Coin Stablecoin in Q3, Say Anonymous Sources;
  • A New Crypto ETF Has Just Been Filed With the U.S. SEC ;
  • SEC Commissioner Hester Peirce Concerned Crypto Industry Hindered by Regulatory Delays;
  • All of It Dark, All of It P2P: After the Binance Hack, Bitcoin Doesn’t Cut It
  • ConsenSys Announces Major Restructuring as Longtime Executive Kavita Gupta Steps Down ;
  • ? Daily Crypto Calendar, May, 10th?
  • STEEM Trading Update

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

? Facebook May Announce FB Coin Stablecoin in Q3, Say Anonymous Sources

Social networking giant Facebook is hiring PayPal staff ahead of its alleged cryptocurrency launch, Bloomberg reported on May 8.


Facebook, which has courted rumors over its planned entry into blockchain and payments for around a year, could launch its own token as soon as Q3 2019, anonymous sources told the publication.
The company began hiring for a dedicated blockchain team last year, under the auspices of David Marcus, himself a former president of PayPal.


Now, around 20% of the team’s 50 members come from the payments platform, a situation reminiscent of the so-called “PayPal Mafia” executive group of the early 2000s.

? A New Crypto ETF Has Just Been Filed With the U.S. SEC

A prospectus for a new cryptocurrency-based exchange-traded fund (ETF) has just been filed with the U.S. Securities and Exchange Commission (SEC).


The application, posted by the SEC on May 9, was created by Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto Asset Management LLC, to track the performance of a market capitalization-weighted portfolio of bitcoin (BTC) and ether (ETH).


Dubbed the USCF Crescent Crypto Index Fund (ticker symbol “XBET”), the ETF is sponsored by United States Commodity Funds LLC (USCF), which will invest XBET’s assets in the two portfolio cryptocurrencies.
The prospectus states:


“XBET is an exchange traded fund. This means that most investors who decide to buy or sell shares of XBET place their trade orders through their brokers and may incur customary brokerage commissions and charges. Shares of XBET are expected to trade on the NYSE Arca under the ticker symbol “XBET” and will be bought and sold throughout the trading day at bid and ask prices like other publicly traded securities.”


? SEC Commissioner Hester Peirce Concerned Crypto Industry Hindered by Regulatory Delays

United States regulator and so-called “crypto mom” Hester Peirce gave remarks in which she expressed fears that the cryptocurrency industry has been hindered by the Securities and Exchange Commission (SEC) dragging its heels. Peirce spoke at the Securities Enforcement Forum in East Palo Alto, California on May 9.


In her speech, Peirce stated that, given the rapid development of the digital currency industry, she worried that the SEC’s hesitance to provide clear guidance would hold back its growth.


The sticking point was, according to Peirce, how to decide when issuing tokens represented an offering of securities, especially considering that securities laws do not cease to apply just because there is a new evolution in the industry.

? All of It Dark, All of It P2P: After the Binance Hack, Bitcoin Doesn’t Cut It

Binance, the biggest crypto exchange by volume, was hacked on Tuesday. The hacker took $40 million or 7000 BTC.


Binance had a chance to recover these funds. They could cut a deal with the majority hashpower miners. The miners would reverse the chain and gain a share of the stolen money.


Binance this time decided not to make the deal with miners. And as time goes on, the attack becomes harder. But all it took was a private phone call. The majority hashpower lies under control of a handful of men. They can collude and reverse the chain.

? ConsenSys Announces Major Restructuring as Longtime Executive Kavita Gupta Steps Down

New York-based blockchain company ConsenSys is restructuring its various operations to shore up its market presence as it seeks $200 million in funding, a press release confirmed on May 6.


In a move which will also see the departure of a founding executive, ConsenSys will consolidate ConsenSys Labs, accelerator Tachyon and VC operation, ConsenSys Ventures, under one umbrella investment arm.


ConsenSys Ventures, which launched in September 2017, will no longer have Kavita Gupta at its helm, she confirmed to cryptocurrency news outlet The Block on Monday.

? Daily Crypto Calendar, May, 10th?

Hubs hologram singing competition released for IOS and Android Mobile devices.

“2019 Harvard Blockchain Meetup Series #3 Creating Value: Blockchain Application and Real World Adoption.”

“Less than a week until our Rocket League Tournament, which will be held on May 10th @ 7pm EST, and will also be streamed LIVE on Twitch.”

AXpire burns 5% of their revenue from the license fees of their Resolvr software at the beginning of each month.

Weekly rewards for Cointorox community members holding over 200 OROX (5% rewards). Token rewards distributed from leftover bounty tokens.

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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 I was saying you, after the break of the support line at 0.34$, the direction was directly 0.31$ but I was expecting that this line hold us. Apparently even this support won’t survive as we already broken it. However, this support can still be save if we are able to go upper of this line in the coming hours. Let’s hope because if the break is confirm, we will try to do for sure new lows on the STEEM…

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? Daily Crypto News, May, 7th?

May 7, 2019 (updated May 7, 2019) Published by
  • Bitcoin Price Eyes Break Above $6,000 Ahead of New York Blockchain Week;
  • Bitcoin Miners Send Message at Fidelity: We Run on Clean Energy, Not Dirty Coal;
  • Alibaba’s Ant Financial Backs $10 Million Round for Blockchain Privacy Startup;
  • Chinese Social Media Giant WeChat Bans Crypto Transactions in Its Payment Policy
  • ConsenSys Announces Major Restructuring as Longtime Executive Kavita Gupta Steps Down ;
  • ? Daily Crypto Calendar, May, 7th?
  • STEEM Trading Update

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

? Bitcoin Price Eyes Break Above $6,000 Ahead of New York Blockchain Week

Bitcoin’s quick recovery from levels below the former resistance-turned-support of $5,627 (April 23 high) seen on Monday, coupled with a break above the stiff resistance at $5,780 (June 2018 bottom) seen today, indicate fairly strong bullish sentiment.


BTC looks set to breach the psychological hurdle of $6,000, as suggested by April’s bullish close, and may rise to $6,200 in the next few days. The bullish case is backed by a diamond breakout on the 4-hour chart.


Bulls still need to observe caution, as the 3-day chart shows a bearish divergence of trading volumes. A case for a deeper pullback to $5,000 would strengthen if the price falls below $5,686 (daily opening price) in the next 24 hours.

? Bitcoin Miners Send Message at Fidelity: We Run on Clean Energy, Not Dirty Coal

Bitcoin miners made the case for their industry as a driver of clean energy adoption, rather than the ecological disaster depicted by critics, at Fidelity’s Mining Summit Friday.


The venue for the daylong event was as notable as the talks. The Fidelity Center for Applied Technology, an R&D division that has dabbled in bitcoin mining, hosted the conference at the financial services giant’s global headquarters in Boston. Fidelity has embraced the crypto markets more than most incumbents; this year it launched Fidelity Digital Asset Services, which handles custody of bitcoin for institutional clients and is expected to roll out trading in the coming weeks.


But aside from welcoming the 300 or so attendees and a brief overview of mining history by Jurica Bulovic, innovation manager at Fidelity Labs (a different R&D unit), Fidelity mostly ceded the stage to guest speakers. In their presentations, these miners and others sought to disprove the popular perception that the copious amount of electricity devoted to securing the bitcoin network – 0.26% of world consumption, according to Digiconomist – is an environmental threat.


? Alibaba’s Ant Financial Backs $10 Million Round for Blockchain Privacy Startup

QEDIT, a developer of privacy technology for enterprise blockchains, has closed a $10 million Series A round from investors including Ant Financial, the payments affiliate of Chinese e-commerce giant Alibaba.


Ant Financial will also be incorporating QEDIT’s zero-knowledge proof (ZKP) tech into its blockchain projects, the companies announced Tuesday. Other high-profile partnerships applying QEDIT’s ZKPs include software giant VMWare and RGAX, a subsidiary of Reinsurance Group of America.


QEDIT’s investment round was led by MizMaa Ventures, with participation from Ant Financial and RGAX as well as Meron Capital, Collider Ventures, Jovono and Target Global. QEDIT has received a total of $14 million in funding to date, comprising the A round, a previous $3 million seed round and $1 million in grants.

? Chinese Social Media Giant WeChat Bans Crypto Transactions in Its Payment Policy

Chinese social media giant and payment service provider WeChat banned cryptocurrency transactions in its payments policy. Dovey Wan, founding partner of crypto investment firm Primitive, tweeted the news on May 7.
The tweet contained a screenshot of the policy changes, which intimates that users who engage in cryptocurrency trading will have their accounts terminated.


Wan expressed concern that since most over-the-counter transactions are happening in WeChat, “this may impact local liquidity to quite some extent.” WeChat is a popular messaging and payments service provider in China, also featuring game integrations.

? ConsenSys Announces Major Restructuring as Longtime Executive Kavita Gupta Steps Down

New York-based blockchain company ConsenSys is restructuring its various operations to shore up its market presence as it seeks $200 million in funding, a press release confirmed on May 6.


In a move which will also see the departure of a founding executive, ConsenSys will consolidate ConsenSys Labs, accelerator Tachyon and VC operation, ConsenSys Ventures, under one umbrella investment arm.


ConsenSys Ventures, which launched in September 2017, will no longer have Kavita Gupta at its helm, she confirmed to cryptocurrency news outlet The Block on Monday.

? Daily Crypto Calendar, May, 7th?

2019 Global Roadmap

The network upgrade is set to happen at 915,000th block which is estimated to occur on May 7, 2019, at 00:42 UTC.

“One week later, on May 6, the migration will begin.”

First wallet update including security updates and bug fixes.

“HavEther Project has decided to release our Whitepaper v2, so actually within one to two days we will release.”

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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

Again the BTC is doing a nice UP but the STEEM is staying sticked to its support zone around 0.3$ and is even trying to break it. Let’s hope that this line will hold and will create a bounce because STEEM is really not funny to analyse these days and you need a good mood to stay optimist.

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? Daily Crypto News, May, 6th?

May 6, 2019 (updated May 6, 2019) Published by
  • Cryptopia: From Zug To The Proposed Melaka Straits City – Can Blockchain Build A City?;
  • Banking, Bitfinex and the Hidden Irony of Crypto’s Newest Controversy;
  • US Court Orders Craig Wright to Provide Bitcoin Ownership Records ;
  • Top 5 Crypto Performers: ATOM, DASH, MIOTA, BTC, BCH
  • ‘Not a White Paper’: Marketing Document Details $1 Billion Bitfinex Token Sale ;
  • ? Daily Crypto Calendar, May, 6th?
  • STEEM Trading Update

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

? Cryptopia: From Zug To The Proposed Melaka Straits City – Can Blockchain Build A City?

There is no doubting that people have become quite tribal and patriotic to their selected cryptocurrencies. The original ‘civil war’ between Bitcoin and its fork Bitcoin Cash proved this. Many believed that BTC was no longer the real thing and jumped to a blockchain with bigger blocks, defendeding it vehemently.


This tribalism stems from what cryptocurrency can offer. It is a tool that has the potential to allow people to ‘move off the grid’ and become sustainable in an all together new economy that does not rely on banks, regulators, governments or other legacy institutions.


This utopic – or dystopic? – future seems a little out of the realms of possibility as it currently stands. Bitcoin and related cryptocurrencies have, for the most part, realised that for adoption they need to be in line with regulators; but, there are areas, valleys, towns, and even cities looking to go full crypto on their own.

? Banking, Bitfinex and the Hidden Irony of Crypto’s Newest Controversy

When I visited some early bitcoin startups in Hong Kong five years ago, they were unanimous about their biggest challenge: finding a bank that would let them open an account.


It wasn’t that local banks were especially worried about this little-understood new industry. The issue was that compliance-obsessed correspondence banks in the U.S. were demanding that their counterparts in the territory apply an especially high “know-your-customer” standard for bitcoin businesses. Since Hong Kong banks couldn’t live without a dollar lifeline from New York, the path of least resistance was to say no.


That situation was a lesson about how the dollar’s reserve status leaves U.S. financial institutions, and the Washington regulators whose guidance they heed, exerting profound worldwide influence – in this case, constraining innovation, wherever it was happening.


? US Court Orders Craig Wright to Provide Bitcoin Ownership Records

The United States District Court of the Southern District of Florida issued an order on May 3 requiring self-proclaimed Satoshi Nakamoto Craig Wright to produce a list of his public bitcoin (BTC) addresses.


The order is part of an ongoing case against Wright filed by the estate of computer scientist David Kleiman, which claims that Wright stole hundreds of thousands of BTC. The coins were worth over $5 billion dollars in February last year, when Kleiman’s estate first sued Wright.


The order illustrates a number of the plaintiffs’ requests. They ask the court to order Wright to produce a list of the public addresses of bitcoin he owned as of Dec. 31, 2013, make him identify all bitcoin allegedly transferred to a blind trust in 2011 and produce documents related to said trust.

? Top 5 Crypto Performers: ATOM, DASH, MIOTA, BTC, BCH

While markets have looked bullish this week following a sharp surge May 3, traders need to watch out for a correction in the next few days. This pullback will shake out the weak hands and will differentiate between different digital currencies. While some will lose only a part of their recent gains, others will plunge towards their lows again.


The stronger ones are likely to lead the next bull market in cryptocurrencies. Therefore, traders should buy strength after the pullback ends. If our assumption is correct, the current fall should offer a great opportunity to buy for the long-term. Our view will be invalidated if cryptocurrencies give up all the gains made over the past few weeks.


A survey by financial consultancy firm DeVere Group shows that 68% of high-net-worth individuals across the globe will have invested in cryptocurrencies by the end of 2022. One of the major reasons for investing in cryptocurrency is their borderless nature, which makes the assets available across the globe.

ATOM
DASH
IOTA

? ‘Not a White Paper’: Marketing Document Details $1 Billion Bitfinex Token Sale

New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds.


Released today on Twitter by known company shareholder and over-the-counter trader Zhao Dong, a 3-page “marketing document” details the specifics of how the sale might ultimately take place, while noting throughout that it is not intended to be legally binding.


For example, the document makes explicit that it is “not a white paper,” meaning it does not provide technical specifics including which blockchain or blockchains the new cryptocurrency for sale will trade on, or the cryptographic specifics of how its code will enable peers to move and transfer funds.

? Daily Crypto Calendar, May, 6th?

We will increase the number of elected Consensus Delegates from 12 to 18 at the start of epoch #350!

“Were just two days away from the first Nebulas upgrade that will support the NAT airdrop!”

“One week later, on May 6, the migration will begin.”

Spectrum distributes incentives bonus to qualified holders by the first Monday of every month.

“After months of hard work we are finally ready to launch the official BEAT App!”

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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

All is in the title, BTC is current testing his short term highs and we should have soon a Break Out but on the STEEM level, it is the opposite. You can see clearly on the chart that we are testing the lows and that if we break these lows, we will go directly to 0.31$. Cmon STEEM, react !

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? Daily Crypto News, May, 3rd?

May 3, 2019 (updated May 3, 2019) Published by
  • US District Attorney Seeks to Retain Defendant in Crypto Shadow Banking Case ;
  • Code For Ethereum’s Proof-of-Stake Blockchain to Be Finalized Next Month;
  • Microsoft Makes JPMorgan’s Quorum the Preferred Blockchain for Azure Cloud;
  • Indian Tech Firm Tech Mahindra to Combat Spam Phone Calls With Blockchain ;
  • The story of Crypto Capital’s dark past and its deep ties with the crypto industry;
  • ? Daily Crypto Calendar, May, 3rd?
  • STEEM Trading Update

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

? US District Attorney Seeks to Retain Defendant in Crypto Shadow Banking Case

The United States Attorney for the District of Arizona (DA) is seeking to retain a defendant in custody in a case of alleged shadow banking for cryptocurrency companies. In a court filing released on May 1, the DA states that they are concerned the accused will flee.


The filing follows the official announcement published by the Southern District of New York Attorney in April, ordering to charge an Arizona citizen Reginald Fowler and Israeli woman Ravid Yosef for allegedly operating an unlicensed money transferring business and bank fraud.


The recent filing asks the court to detain the defendant pending trial as he purportedly presents a risk of continued economic danger. Since the defendant purportedly has access to millions of dollars in bank accounts around the world and overseas ties that would facilitate the flight — among other factors — the Attorney office declares that the defendant poses a flight risk. The document specifically states:


“A consideration of the facts show that Defendant is a significant flight risk given his connections overseas, his financial means to support himself outside the United States, his disregard for this criminal investigation, and his potential involvement in other criminal activity.”

? Code For Ethereum’s Proof-of-Stake Blockchain to Be Finalized Next Month

Code for ethereum’s highly-anticipated proof-of-stake (PoS) blockchain is on course to be finalized as early as sometime next month.


In a bi-weekly call between ethereum developers, Ethereum Foundation researcher Justin Drake said that code specifications for the first phase of ethereum’s transition to a proof-of-stake network were “on track” to be finalized by June 30. Such specifications are effectively blueprints for developers looking to work on ethereum’s next-generation blockchain.


“I’ve been continuing to fine comb Phase Zero in preparation for the spec freeze which we’re targeting for the 30th of June,” Drake remarked on the call. “We’re still very much on track. Still, [code] simplifications are coming through which is great and the process of fine combing is also for finding final bugs.”


? Microsoft Makes JPMorgan’s Quorum the Preferred Blockchain for Azure Cloud

Microsoft will promote JPMorgan Chase’s Quorum blockchain to the global tech giant’s business customers, the companies announced Thursday.


The Redmond, Washington-based software firm will support Quorum, JPM’s private enterprise version of ethereum, through Microsoft’s Azure cloud platform, the firms said. They will look to support adoption of the network through their new partnership, after signing a memorandum of understanding.


As a result, Quorum “will become the first distributed ledger platform available through [the] Azure Blockchain Service, enabling J.P. Morgan and Microsoft customers to build and scale blockchain networks in the cloud,” the companies said in a press release.

? Indian Tech Firm Tech Mahindra to Combat Spam Phone Calls With Blockchain

Indian technology company Tech Mahindra will be implementing an anti-spam call solution powered by blockchain, Indian business daily Business Today reports on May 2.


This solution will allow phone companies to comply with the Telecom Regulatory Authority of India (TRAI)’s regulations to protect mobile phone subscribers from unsolicited Commercial Communication (UCC), which will come into effect in the last week of May.


Rajesh Dhuddu, Global Practice Leader of Blockchain at Tech Mahindra said that the TRAI regulations will affect 800 million subscribers.

? The story of Crypto Capital’s dark past and its deep ties with the crypto industry

Crypto Capital is slowly emerging as the central bank of the crypto industry. It facilitated banking services from one end of the industry—major crypto businesses and exchanges including Binance, Kraken and BitMEX—to the other, including the now-defunct QuadrigaCX and a number of smaller companies implicated in money-laundering schemes and fraud. And according to the the New York Attorney General, it still serves crypto exchange Bitfinex, where by the end of 2018, it was managing more than $1 billion of the exchange’s client and customers funds.


Two people, allegedly related to Crypto Capital, were charged with money laundering on Tuesday. The feds claim that the pair ran a banking scheme for crypto companies, which involved Global Trading Solutions LLC—a company that has been identified as one of the shell companies owned by Crypto Capital, and used by Bitfinex. The scheme allegedly involved running a “shadow bank that processed hundreds of millions of dollars of unregulated transa

? Daily Crypto Calendar, May, 3rd?

“… Important rework of a built-in wallet. Implementation is now comparable to Bitcoin BIP32 and BIP39 wallets…”

Auxiliary Stakes distributed to eligible participants.

Weekly rewards for Cointorox holders with over 100 OROX (Rewards: 5% of total holdings). Rewards distributed from leftover bounty tokens.

“New RCast coming tomorrow!”

Vano Narimanidze, Horizen country lead of Georgia will be speaking at the International Festival of Cyber Security in Tbilisi, Georgia.

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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

The BTC is helping us to go in the direction of our resistance line at 0.39$. Let’s hope we will be able to touch it soon and even break that line to allow STEEM to have back a correct value compared to other altcoins. We are not so far so everything is possible even the STEEM is used to make smaller UP than the BTC.So exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don’t do it, we are doing lower highs which mean that the DROP is not yet finished. Let’s see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.

image.png

Last Updates

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? Daily Crypto News, May, 2nd?

May 2, 2019 (updated May 2, 2019) Published by
  • Square’s Bitcoin Revenue Jumped to $65.5 Million in Q1, Its Highest Ever ;
  • CoinMarketCap to Remove Exchanges From Calculations If They Don’t Provide Mandatory Data;
  • Central Banks Settle Cross-Border Payments With Blockchain for First Time ;
  • Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable ;
  • Malware Shellbot is Now Capable of Shutting Down Other Miners;
  • ? Daily Crypto Calendar, May, 2nd?
  • STEEM Trading Update

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

? Square’s Bitcoin Revenue Jumped to $65.5 Million in Q1, Its Highest Ever

Payments company Square reported its first-quarter earnings today, revealing strong growth in bitcoin sales through its Cash app.


Founded by Twitter co-founder Jack Dorsey, Square reported $65.5 million in bitcoin revenue for the first quarter of 2019. Bitcoin costs, however, are listed at $64.7 million in the unaudited quarterly report, for a bitcoin profit of roughly $832,000.

Those figures top previous all-time highs for Square: The fourth quarter of 2018 saw $52.4 million in bitcoin revenue and $490,000 in profit.

? CoinMarketCap to Remove Exchanges From Calculations If They Don’t Provide Mandatory Data

Crypto market cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1.


CoinMarketCap, a major source of data about all traded digital currencies, has made a series of announcements to celebrate its sixth birthday today.


As such, CMC has announced a brand new alliance called the Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”


? Central Banks Settle Cross-Border Payments With Blockchain for First Time

The central banks of Canada and Singapore have concluded a trial of cross-border payments using blockchain technology and central bank digital currencies.


The Bank of Canada (BoC) and the Monetary Authority of Singapore (MAS) jointly announced Thursday that the successful trial – the first of its kind between two central banks – showed “great potential to increase efficiencies and reduce risks for cross-border payments.”


The effort saw BoC and MAS linking up their respective blockchain projects, Jasper and Ubin, which are built on two different blockchain networks: R3’s Corda and JPMorgan’s Quorum, respectively. The two networks were connected using a technique called hashed time-locked contracts and allowed direct Payment versus Payment (PvP) settlement without the use of an intermediary.

? Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26.


The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1 and will go into effect in late July.


The new law has a clause which prevents discriminating against electronic records which have in some way been part of a distributed ledger:


“An electronic record may not be denied legal effect, validity, or enforceability solely because it is generated, communicated, received, or stored using distributed ledger technology.”

? Malware Shellbot is Now Capable of Shutting Down Other Miners

The Shellbot cryptojacking malware has gone through an update and come out with some new capabilities, technology news website TechCrunch reported on May 1.


Per the report, these findings come from Boston-based cybersecurity firm Threat Stack. The company claims that Shellbot, which was first discovered in 2005, has received a major update.


The original Shellbot was capable of brute-forcing the credentials of SSH remote access services on Linux servers protected by weak passwords. The malware then mines privacy-focused monero (XMR). Threat Stack claims that this new-and-improved version is capable of spreading through an infected network and shutting down other miners running on the same machines.

? Daily Crypto Calendar, May, 2nd?

“Coming up next from WAX: exciting info on staking, voting, guilds & more will be released this Thursday May 2nd.”

“Attention FOAM Cartographers, check out the recent Challenges on the FOAM Map. Voting ends May 2nd”

BitMart opens trades for Zebi ($ZCO) on May 2nd, 8:00 AM (EDT).

“Kambria is proud to host the presitigious INSEAD Business School (http://insead.edu/) for an interactive event…”

Vano Narimanidze, Horizen country lead of Georgia will be speaking at the International Festival of Cyber Security in Tbilisi, Georgia.

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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 exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don’t do it, we are doing lower highs which mean that the DROP is not yet finished. Let’s see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

? Daily Crypto News, April, 30th?

April 30, 2019 (updated April 30, 2019) Published by
  • Want to Understand Bitfinex? Understand Mt. Gox  ;
  • Novogratz’s Galaxy Digital Crypto Fund Lost $272.7 Million in 2018 ;
  • Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service ;
  • Fundstrat’s Tom Lee Predicts New All-Time Highs for Crypto by 2020;
  • ICE’s Bakkt Announces Acquisition of Digital Asset Custody Company ;
  • ? Daily Crypto Calendar, April, 30th?
  • STEEM Trading Update

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

? Want to Understand Bitfinex? Understand Mt. Gox  

“History doesn’t repeat itself, but it often rhymes”


This quote is often attributed to Mark Twain. And while Bitfinex doesn’t exactly rhyme with Mt. Gox, there are several parallels in the stories of these two exchanges. People interested in understanding Bitfinex are well-served to understand what happened with Mt. Gox.


Bitfinex and Tether were investigated by the New York York Attorney General (NYAG). Here’s a synopsis for those unfamiliar with the story. Bitfinex is a cryptocurrency exchange, the owners of which also control Tether, issuer of the most popular stablecoin, known as tether or USDT. The NYAG accuses Bitfinex of losing over $800 million. It alleges the exchange tried to recoup those losses by dipping into the cash reserves of tether, the stablecoin its principals also control.


Indeed, those feelings would be quite valid. In the early days of crypto, one of the largest bitcoin exchanges, known as Mt. Gox, also got into significant trouble due primarily to its banking relationships. It got so bad that in February of 2014, Mt. Gox stopped all trading and filed for bankruptcy protection. At the time, it claimed to have lost 624,408 BTC.

? Novogratz’s Galaxy Digital Crypto Fund Lost $272.7 Million in 2018

Galaxy Digital Holdings, the crypto merchant bank founded by former hedge fund manager Michael Novogratz, lost $97 million in the fourth quarter, according to financials disclosed Monday.


The net loss widened from $76.7 million in the third quarter and from about $100,000 a year earlier, according to the filing with Canadian securities regulators. (Last February, New York-based Galaxy bought a Canadian publicly traded company in a reverse takeover.)


For all of 2018, its first full year of operation, the company lost $272.7 million.


? Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service

A new proposal by Vitalik Buterin, the creator of ethereum, suggests he is considering increasing rewards for validators who would secure the operation of the next version of the world’s second-largest blockchain.


Ethereum 2.0 is by far the biggest upgrade on the horizon for the ethereum blockchain, today valued at $17.5 billion. Its broader goal is to erase ongoing bottlenecks to transaction throughput and significantly decrease costs on the network.

Rather than relying on a proof-of-work consensus protocol whereby miners compete to bundle together blocks of transactions and add them to the ever-growing chain, ethereum 2.0 will rely on a proof-of-stake consensus protocol whereby validators stake their own funds and attest to blocks and transactions being created on the network.

? Fundstrat’s Tom Lee Predicts New All-Time Highs for Crypto by 2020

Fundstrat Global Advisors founder Tom Lee has predicted that cryptocurrency prices will hit new historic highs by 2020. Lee delivered his comments during an interview with CNBC on April 28.


In the interview, Lee forecasted that bitcoin (BTC) has not completed its upward movement and will likely reach new all-time highs around 2020 based on “11 signs that historically only take place in a bull market.” Lee thusly reiterated his previous prognosis made earlier this month, when he said that “a bull market is likely starting.”


Lee explained that three out of those 11 signs — blockchain, technical indicators and trading volumes — indicate that the crypto winter has seen its end. In January, Lee’s team observed that trading volumes on the blockchain turned positive at an annual rate, while the second sign popped up in April, when BTC closed above its 200-day moving average.

? ICE’s Bakkt Announces Acquisition of Digital Asset Custody Company

Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt has аcquired a crypto custodian service, the firm announced on April 29.


In a blog post, Bakkt announced a number of new measures in its apparent effort to stimulate regulatory feedback, including the acquisition of Digital Asset Custody Company (DACC).


While DACC’s native support of 13 blockchains and 100+ assets is designed to “serve as an important accelerator,” the entire DACC team will also be joining Bakkt, as former Coinbase exec and new Bakkt COO Adam White wrote in the blog post on Monday.

? Daily Crypto Calendar, April, 30th?

QSP audit network launch, as described in the whitepaper.

The QuarkChain Mainnet Singularity V1.0 launches at 08:00 (UTC).

“To secure the success of the token swap (scheduled to start in late April)….”

Release of main net, native tokens to be issued according to NEP5 ownership.


Stake your SOUL coins to receive KCAL tokens (Energy) daily.

The public testnet introduces a broader access test-network complete with improved Open Economic Framework.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As suggested in my previous publication, my scenario was a test of the resistance line at 0.39$ and this has been done today but unfortunatly, we didn’t break that line and so we are dropping again. Howerver, the drop till now is not so powerfull so it let us a luck to be able to try to break again the resistance line. Let’s see what will happen in the coming hours.

image.png

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? Daily Crypto News, April, 26th?

April 26, 2019 (updated April 26, 2019) Published by
  • Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege;
  • The Darknet Rises With 6 New Markets ;
  • Buterin Proposal Could Turn Ethereum Staking Into $160 Million Industry ;
  • Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams;
  • John McAfee Vows to Unmask Crypto’s Satoshi Nakamoto, Then Backs Off ;
  • ? Daily Crypto Calendar, April, 26th?
  • STEEM Trading Update

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

? Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege

The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall.


According to a press release issued Thursday, NYAG Letitia James announced that she had obtained a court order against iFinex Inc., which operates both Bitfinex and Tether, ordering them to cease violating New York law and defrauding New York residents.


James said that an investigation by her department determined that iFinex “engaged in a cover-up to hide the apparent loss of $850 million of co-mingled client and corporate funds,” adding:


“New York state has led the way in requiring virtual currency businesses to operate according to the law. And we will continue to stand-up for investors and seek justice on their behalf when misled or cheated by any of these companies.”


?The Darknet Rises With 6 New Markets

As Dream dies and Wall Street exits, a string of new darknet markets (DNMs) has emerged to take their crown. The majority of these have only been operational for a matter of weeks, and have launched at a time when trust in DNMs is running low. The success or failure of these marketplaces will be pivotal in shaping the darknet’s crypto-powered economy in the months to come.


New Heads on the Darknet Hydra
 As the legend goes, for every head the hydra loses, two new ones take its place, and so it seems to be on the darknet. The loss of Dream and Wall Street has spurred four new DNMs, bringing the total of recently launched markets to six. The first of these, Cryptonia, promises two-of-three bitcoin multisig, a wallet-less escrow system, two-factor authentication, strong anti-phishing measures based on public key cryptography, and EXIF metadata stripper for images.

The Darknet Rises With 6 New Markets

? Buterin Proposal Could Turn Ethereum Staking Into $160 Million Industry

A new proposal by Vitalik Buterin, the creator of ethereum, suggests he is considering increasing rewards for validators who would secure the operation of the next version of the world’s second-largest blockchain.


Ethereum 2.0 is by far the biggest upgrade on the horizon for the ethereum blockchain, today valued at $17.5 billion. Its broader goal is to erase ongoing bottlenecks to transaction throughput and significantly decrease costs on the network.

Rather than relying on a proof-of-work consensus protocol whereby miners compete to bundle together blocks of transactions and add them to the ever-growing chain, ethereum 2.0 will rely on a proof-of-stake consensus protocol whereby validators stake their own funds and attest to blocks and transactions being created on the network.

? Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

Malta’s financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams, news outlet Times of Malta reported on April 25.


The Malta Financial Services Authority’s (MFSA) new guidance note intends to warn the public about cryptocurrency investments and related risks, and educate people on how to identify and avoid scams and fraudulent schemes.


The guidance reportedly outlines the most common types of digital currency-associated scams, which include fake iInitial coin offerings (ICOs), crowdfunding ventures promising higher gains which are availed of once the coin becomes active, and fake exchange platforms and fake e-wallet apps.

? John McAfee Vows to Unmask Crypto’s Satoshi Nakamoto, Then Backs Off

John McAfee, the eccentric antivirus pioneer known for his brushes with the law, said he has spoken with Bitcoin creator Satoshi Nakamoto and plans to reveal the person’s identity.

But the timing of the announcement is up in the air. After previously telling Bloomberg he would expose Nakamoto “within a week,” he backed off the plan. McAfee said Tuesday on Twitter the controversy could hurt his efforts to fight an extradition to the U.S.
“People forget that I am a technologist,” he said. “I am one of the best.”
In delaying the revelation, McAfee posted a letter from Mario Gray, his extradition lawyer, saying that exposing Nakamoto could make him the target of lawsuits — forcing him to defend himself “on many fronts.”


“Releasing the identity of Satoshi at this time could influence the trial and risk my extradition,” he said in a tweet. “I cannot risk that. I’ll wait

? Daily Crypto Calendar, April, 26th?

“We are proud to announce the release of Conceal Smart Nodes on April 26!”

We will open an AMA thread as we get closer to the AMA date where users can ask questions and we will answer them during the AMA on the 26th…

“The hackathon will launch on Friday, April 26th and end on Saturday, May 11th.”

Our CEO, @CharlesNader, will have an Ask Me Anything session this friday (April 26th at 18:00 UTC-6).

All exchanges, mining pools, node operators, and full node wallet users must upgrade to ZEN 2.0.17 prior to block #505212, April 26.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday we were testing the support line at 0.39 and I was saying you that I was hoping it won’t break. It has been broken and as annonced, it created an acceleration in the drop. We are now stabilizing because we have a little bounce on the BTC from its support line but for sure STEEM did again a very bad drop yesterday… I will give you the next support in my next article.

image.png

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? Daily Crypto News, April, 25th?

April 25, 2019 (updated April 25, 2019) Published by
  • Samsung Developing Ethereum-Based Blockchain, May Issue Own Token;
  • Litecoin Led Bitcoin’s Price Rally, Now It’s Hinting at a Pullback ;
  • Big Players Transforming Crypto Exchanges in Japan ;
  • Binance Singapore Launches But Offers Just One Trading Pair;
  • John McAfee Vows to Unmask Crypto’s Satoshi Nakamoto, Then Backs Off ;
  • ? Daily Crypto Calendar, April, 25th?
  • STEEM Trading Update

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

? Samsung Developing Ethereum-Based Blockchain, May Issue Own Token

South Korean electronics giant Samsung is developing its own blockchain network and eyeing the issuance of its own token further down the road.


An exclusive CoinDesk Korea report on Tuesday, citing a person “familiar with Samsung’s internal situation,” said that the company’s blockchain task force – part of its wireless division – is building a blockchain mainnet based on ethereum.  The work, however, is still at the “internal experimental” stage.


The source said:
“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.”


?Litecoin Led Bitcoin’s Price Rally, Now It’s Hinting at a Pullback

Bitcoin could fall back to $5,000 in the next few days, as litecoin – which guided markets higher in the first quarter – is showing signs of weakness.


Bitcoin’s long/short ratio has dropped well below 1.00 for the first time since Jan.1, signaling growing bearish sentiment. Further, the 14-day relative strength index is teasing a bearish divergence. Therefore, a price pullback looks likely.


The case for a drop to $5,000 would weaken if the price bounces up from the ascending 10-day moving average, currently at $5,303.

? Big Players Transforming Crypto Exchanges in Japan


Government-approved cryptocurrency trading platforms in Japan are undergoing changes with big players entering the market. News.Bitcoin.com talked to Japan’s top financial regulator to learn about the regulatory implications of the changing business models and internal systems of regulated exchanges.


“There is no need to re-register. If its business model or internal control system are to be changed, FSA will rigorously review them from the perspectives of user protection and others”.

Big Players Are Transforming Cryptocurrency Exchanges in Japan

? Binance Singapore Launches But Offers Just One Trading Pair

Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features.


Users of the platform are only able to purchase bitcoin (BTC) using Singapore dollars (SGD,) meaning far fewer trading pairs are available for consumers compared with the company’s main exchange.


The Binance Singapore website suggests that the service is being offered in conjunction with Xfers, a local payment service that claims to offer a crypto wallet approved by Singaporean regulators. Three steps are listed for new customers: creating an account with Binance Singapore, linking their Xfers account, and beginning to buy and sell bitcoin as they wish.

? John McAfee Vows to Unmask Crypto’s Satoshi Nakamoto, Then Backs Off

John McAfee, the eccentric antivirus pioneer known for his brushes with the law, said he has spoken with Bitcoin creator Satoshi Nakamoto and plans to reveal the person’s identity.

But the timing of the announcement is up in the air. After previously telling Bloomberg he would expose Nakamoto “within a week,” he backed off the plan. McAfee said Tuesday on Twitter the controversy could hurt his efforts to fight an extradition to the U.S.
“People forget that I am a technologist,” he said. “I am one of the best.”
In delaying the revelation, McAfee posted a letter from Mario Gray, his extradition lawyer, saying that exposing Nakamoto could make him the target of lawsuits — forcing him to defend himself “on many fronts.”


“Releasing the identity of Satoshi at this time could influence the trial and risk my extradition,” he said in a tweet. “I cannot risk that. I’ll wait

https://twitter.com/officialmcafee/status/1120803594041688069/photo/1

? Daily Crypto Calendar, April, 25th?

“On April 25th, Deex opens the platform for OTC (Over The Counter market) market trading.”

“April 25–26, Seoul, South Korea, K.E.Y PLATFORM 2019”

Activation of Shift Core v7.0t will occur at block 22,400.

Thursday around 9 PM UTC we will add new language to our website: Polish.

“Purchase Q-Gas backed IOU with USDT,” on BitAsset.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday we were testing the support line at 0.39 and I was saying you that I was hoping it won’t break. It has been broken and as annonced, it created an acceleration in the drop. We are now stabilizing because we have a little bounce on the BTC from its support line but for sure STEEM did again a very bad drop yesterday… I will give you the next support in my next article.

image.png

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? Daily Crypto News, April, 24th?

April 24, 2019 (updated April 24, 2019) Published by
  • Bitcoin Price Sees First ‘Golden Crossover’ Since 2015;
  • The Ethereum Name Service Is Turning Nearly 300,000 .ETH Domains Into NFTs ;
  • IBM Issued Patent for DLT-Supported Data Sharing and Validation ;
  • French Lender Societe Generale Issues $112 Million Bond on Ethereum;
  • Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year ;
  • ? Daily Crypto Calendar, April, 24th?
  • STEEM Trading Update

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

? Bitcoin Price Sees First ‘Golden Crossover’ Since 2015

Bitcoin’s daily chart is reporting a “golden crossover” – a bull cross of the 50- and 200-day moving averages – for the first time since October 2015. The crossover represents a long-term bearish-to-bullish trend change.


A convincing close today above $5,466 (April 10 high) would establish another bullish higher high and boost the prospects of a rally to $6,000.


That rally, however, may be preceded by consolidation or price pullback, as the golden crossover is accompanied by the overbought readings on the relative strength index and a neutral long/short ratio.


The case for a pullback to $5,000 would strengthen if the price fails to close (UTC) today above $5,466 (April 10 high).


? The Ethereum Name Service Is Turning Nearly 300,000 .ETH Domains Into NFTs

An effort to build a domain name system on top of the ethereum blockchain network is gearing up for a major upgrade early next month — and the project’s developers are urging stakeholders to prepare.


At the heart of the upgrade is the replacement of the Ethereum Name Service’s registrar, with the goal of vastly speeding up the process of registering .eth, .xyz, and .lux domain names. What’s more, names registered on the ENS will be treated as non-fungible tokens (NFTs), allowing them to be bought and exchanged like similar kinds of tokens on the ethereum network.


During an April 16 blog post, Ethereum Name Service (ENS) lead developer Nick Johnson wrote that registered domain users have one year after May 4 to migrate their domain to a new registar that is replacing the existing one.

? IBM Issued Patent for DLT-Supported Data Sharing and Validation

Tech giant IBM has been awarded a patent for a mobile data sharing method that uses distributed ledger technology (DLT), according to documents published by the United States Patent and Trademark Office (USPTO) on April 23.


The product described in the filing represents a continuation of U.S. patent application filed in November 2017 entitled “Information Sharing Among Mobile Apparatus.” IBM proposes a method executed by a mobile apparatus to verify information that has been shared between two devices.


In detail, the platform can collect specific information and deliver it to nearby computing nodes, with subsequent publishing of a verified incident event on a distributed ledger. The collected data is further used to map information updates.

? French Lender Societe Generale Issues $112 Million Bond on Ethereum

French financial services giant Societe Generale Group has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain.


Announced today, a subsidiary called Societe Generale SFH used the OFH token (obligations de financement de l’habitat, or home financing obligations) to represent 100 million euros of covered bonds, a type of security that is backed by specific assets but remains on the issuer’s balance sheet.


However, according to a report published Tuesday by bond rating agency Moody’s Investors Service, Societe Generale was “the sole investor,” meaning the firm issued the securities to itself and no outside buyers were involved.

? Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year

Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

In 2017, cryptocurrency markets were extremely popular among South Korean traders and numbers that year definitely outshone the recent KOFIA poll published this week. According to another survey, one third of South Korean workers were crypto investors in 2017 but the average investment was less at $5,260 per investor. Another difference between then and now was the amount of younger (20s and 30s) South Korean investors was about 80% of the respondents polled. At the time, the South Korean won captured a third of the world’s crypto trade volume in 2017 behind the USD and JPY. Today the currency is still usually a top five trading pair, according to data from sites like Coinlib.io and Cryptocompare.

? Daily Crypto Calendar, April, 24th?

“We will be holding a Q-Gas and IOU AMA in our main Telegram channel (https://t.me/qlinkmobile) on April 24, 7 PM HKT.”

“The next Virtual Happy Hour will be on 4/24, 9:30PM-11:30PM (PST)!”

“Join @BlockchainSeatt’s April Meetup, co-hosted with @codefellows tomorrow at 6 PM (PST).”

The PACE Tour heads to Zurich for a hackathon with the Jaguar I-PACE, a presentation by Streamr, and a collaborative workshop.

“… We will have all ALA Reclaim payouts completed.”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So yeah it was expected even I was trying to stay optimist… After the break of the support line around 0.43$, the next objective was to go test the next support, the orange line around 0.39$. This is now done and the market is really trying to break that line so I’m not sure we won’t have a break quiet soon and an acceleration with the drop. Courage dera holders, it will be the time of the altcoins also…

image.png

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? Daily Crypto News, April, 23rd?

April 23, 2019 (updated April 23, 2019) Published by
  • Vitalik Suggests Raising Stake Rewards;
  • Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% ;
  • CFTC Chair Giancarlo Hints at What’s Holding Back Bakkt’s Bitcoin Futures;
  • Early Spotify Investor Contributes to Blockchain Art Registry in $7 Mln Funding Round;
  • An Interview With Congressional Hopeful James Felton Keith;
  • ? Daily Crypto Calendar, April, 23rd?
  • STEEM Trading Update

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

? Vitalik Suggests Raising Stake Rewards

Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20.


Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%. The current circulating supply of the coin is 105,764,762 ETH, which means that this amount of stacked ether is a theoretical maximum of sorts.


The proposal also estimates the annual return for various quantities of validating ether. For instance, if only 1 million ETH was staked with this configuration, validators would receive an annual return of 18.1%. The community on Reddit has reacted to the proposal seemingly well, with many defining the rates as more reasonable than the previous ones.


? Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new World Bank 2019 report. However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.


Africans working abroad last year sent $46 billion to support families in their home countries. The money is often used to pay for education, buy food and clothes, start a business, build a house and cover daily living costs. Money sent from overseas is a vital tool of survival for many families in Africa’s often unstable economies.

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

“We process our remittance payments with a blend of traditional and personal insurance such as pooling, as well as using cryptocurrency,” Zoo elaborated. “Our fees are 1 to 3% so it’s significantly lower than those mentioned in the World Bank report. A lot of our clients are money transfer operators that actually move the money and we are the underlying technology or software behind what they do as well as being their foreign exchange provider.”

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

? CFTC Chair Giancarlo Hints at What’s Holding Back Bakkt’s Bitcoin Futures

The Takeaway
Bakkt, the proposed bitcoin futures exchange, remains in regulatory limbo

CFTC Chairman Christopher Giancarlo wouldn’t discuss specific proposals, but his general comments about crypto regulation offer hints at the reasons Bakkt is languishing

Part of the problem appears to be the firm’s plan to custody its own bitcoin, and clear trades through its parent company’s clearinghouse

This proposal may present issues both in terms of regulatory jurisdiction and opposition from other clearinghouse participants

?Early Spotify Investor Contributes to Blockchain Art Registry in $7 Mln Funding Round

The blockchain-based art registry startup Artory has reportedly raised over $7 million in Series A funding round from an early Spotify investor among others. The development was announced by art-focused publication the Art Newspaper on April 22.


Artory — ledger of which enables users to trace provenance and title data, as well as record sales of works of art —  has reportedly secured $7.3 million from a group of investors, including private investing firm 2020 Ventures, which backed Swedish audio streaming platform Spotify, American logistics company Postmates, and luxury goods resale platform The RealReal.


Nanne Dekking, the founder of the project, said that the funds will be allocated for further improvement of the registry’s data and development of the platform’s functionality. Dekking said that they are “are building something that has to be vetted, accurate and easily searchable to show the depth of information behind every artwork.”

? An Interview With Congressional Hopeful James Felton Keith

James Felton Keith is the kind of guy who’s so clean-cut, it’s intimidating, from the sharply-pressed suit right down to the meticulously trimmed nails. He has delicate features, studied economics at Harvard, and is often known by his patrician initials: J.F.K.

But his origins, and frequently his demeanor, are a lot more hardscrabble than all that suggests. Keith, who is black, grew up in Detroit—we met there when he spoke at the RadicalxChange conference—before transitioning to New York. He considers the Big Apple home, and now he’s mounting a 2020 campaign to depose incumbent Adriano Espaillat in New York’s 13th Congressional District, which encompasses both Harlem and Washington Heights—a cultural spectrum Keith says he’s well-positioned to span.

? Daily Crypto Calendar, April, 23rd?

BAT releases milestone 0.63.x, which includes a variety of features, around April 23.

“#ARK Core Update v2.3 will go live on April 23rd 2019 at 4pm UTC.”

“We will be de-listing BWX due to an upcoming token swap on Tuesday April 23, 2019. Please cancel all orders before withdrawing.”

DAPS trading competition on BitMart from April 23rd – May 7th.

Genesis 2019 conference in Toronto, Canada from April 23-24.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

It looks like the BTC is preparing for a possible Break Out, UP or DOWN, we will see in some hours. However, a UP Break Out will perhaps help us to finally break that resistance line at 0.43 that we are not able to stay uper more than some hours. Again I don’t understand the importance gave by the market for that resistance line but we cannot ignore it.ave been a little bit too much optimist yesterday by enjoying the break of the resistance line at 0.43$. We had a little UP just after that break but the sellers came back powerfully and just destroy that line again within some hours. Everything has to be done again now… and we have even the risk to go test the support line in orange around 0.39$. Let’s see friends…

image.png

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