? Daily Crypto News, March, 11th?

  • South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million ;
  • Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole ;
  • Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not ;
  • Blockchain As A Competitive Edge? CFOs Should Think Twice Before Saying No ;
  • Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina ;
  • ? Daily Crypto Calendar, March, 11th?
  • STEEM Trading Update

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

? South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million

The crypto unit of South Korea’s largest internet conglomerate Kakao Corp will repeat its initial coin offering (ICO) after netting $90 million from investors, Bloomberg reported on Mar. 11.


Klaytn, the blockchain platform which is the responsibility of spin-off firm Ground X, will now seek to raise another $90 million as soon as this week. In December 2018, Kakao had first announced that it was planning to raise around $300 million through Ground X to develop its own token.
According to Jason Han, CEO of Ground X, IDG Capital, Cresendo Equity Partners and Translink Capital were some of the venture capital and private equity funds to participate in the ICO round.

? Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole

Recently, there has been discussion regarding a proposal to migrate ethereum away from proof-of-work called ProgPoW (short for programmatic proof of work). Proponents of ProgPoW want to flip the paradigm of the cryptocurrency mining industry on its head. Their thought is: instead of building hardware to fit the mining algorithms, a somewhat “wasteful” approach, we should be using mining algorithms that are optimized for GPUs to encourage the decentralization of mining.

At first glance, ProgPoW appears to minimize the advantage ASICs have over commodity hardware, making mining more accessible and thus decentralized. But upon further inspection, it becomes evident that ProgPoW doesn’t truly democratize mining as it claims.

? Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not

The adoption of cryptocurrencies in Venezuela, first due to hyperinflation and later due to dollarization, could come to play a role in the country’s economic rebuilding.


At least that’s according to Venezuela’s most outspoken economist on the subject of cryptocurrencies, professor Aaron Olmos, who dissected the reasons for his country’s current dependency on the US dollar in a new interview with CoinDesk. A passionate advocate of the benefits of cryptocurrencies, Olmos has lectured about the technology for over two years, even leading a program focused on blockchain for IESA, the most prominent business college in the country.

? Blockchain As A Competitive Edge? CFOs Should Think Twice Before Saying No

There’s a reason some jokers in business refer to their finance group as the “sales prevention department.” Corporate CFOs and controllers take very seriously their responsibility for safeguarding company resources, especially cash. When it comes to investing in new technology, the typical CFO is likely to say “no” right off the bat, and force the person making the capital request back to the drawing board.


Investing in <abbr title="

A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.

“>blockchain technology, whether as a penny saver or game changer, should involve a different dynamic. People on the business side should be extra careful to avoid hype and instead argue the strategic benefits of exploring and experimenting with this new approach to data storage and verification. CFOs, for their part, will want to check their natural impulses and keep an open mind.

? Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9.


The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange.

image.png

? Daily Crypto Calendar, March, 11th?

Binance takes snapshot of TRX balances at 0:00 (UTC) on the 11th day of each month and airdrops BTT to TRX holders.

Undisclosed exchange(s) list CLO.

ARK Core v2.2 will be released with a full blog post on what it brings and what is next.

Cindicator meetup at Genesis Block in Hong Kong from 6:30 – 9:30 PM (HKT).

“Global upgrade of the platform server core for enhanced functionality and performance.”

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, I was saying you that we really need to break the previous TOP to continue the nice trend of the last weeks. See what was the reaction when we have broken it. A superb UP break out to confirm the break of this resistance line. We are now consolidating a little after that nice UP and a pull back on the support line is even possible. Anyway, it is again a nice indicator of a UP trend which is taking in place for the STEEM.

image.png

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? Daily Crypto News, March, 8th?

  • Enjin Coin Crypto Soars 70% on Samsung Partnership Confirmation ;
  • Fidelity Crypto Chief Says Hard Fork May Delay Firm’s Support for Ethereum ;
  • Japanese Finance Giant Nomura Invests in Smart Contract Auditing Startup ;
  • US State Dept. on Blockchain: Sometimes Gov’t Should ‘Stay out of the Way’ ;
  • Leading Social Investing Platform EToro Launches Crypto Services in 31 US States ;
  • ? Daily Crypto Calendar, March, 8th?
  • STEEM Trading Update

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

? Enjin Coin Crypto Soars 70% on Samsung Partnership Confirmation

Gaming cryptocurrency Enjin Coin (ENJ) is up 70 percent after news reports earlier today that confirmed a partnership with South Korean technology giant Samsung.


On Friday, media outlets in South Korea reported the partnership between Enjin, the Singapore-based company behind ENJ, and Samsung’s flagship smartphone S10, was confirmed, which ignited Korea’s investor base to jump in.


When reached out by CoinDesk for comment, Enjin provided confirmation regarding a partnership with Samsung Electronics, the specific entity behind the S10 flagship smartphone, but declined to reveal more details.

? Fidelity Crypto Chief Says Hard Fork May Delay Firm’s Support for Ethereum

Fidelity Digital Assets (FDAS) will take its time about adding support for ethereum, the executive in charge of the new platform said.

The digital asset trading and custody branch of Fidelity Investments, which went live this quarter, has developed an internal framework for evaluating any cryptocurrencies that may be added in the future, according to FDAS president Tom Jessop.


While Jessop has previously said FDAS might look to add ether and other cryptocurrencies, he told CoinDesk Thursday that the process to do so may not be cut-and-dried.

? Ripple CEO Brad Garlinghouse on JPM Coin: Other Banks Won’t Use It

Brad Garlinghouse, the CEO of San Francisco blockchain startup Ripple, gave JP Morgan Chase qualified praise Wednesday for creating its own stablecoin, before dismissing the product’s likelihood of adoption by other banks and questioning its usefulness.


During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JP Morgan “leaning in.”

But, he quickly added:


“That’s the only nice thing I’m going to say about this.”

? Japanese Finance Giant Nomura Invests in Smart Contract Auditing Startup

Japan financial group Nomura has invested in Y Combinator-backed smart contract auditing startup Quantstamp.


U.S.-based Quantstamp announced Wednesday that it is setting up a subsidiary in Japan following a “significant” investment from Nomura Holdings and Tokyo-listed internet group Digital Garage.


Chuzaburo Yagi, senior managing director in charge of innovations at Nomura Holdings, said:


“As blockchain technology is adopted in the financial world, smart contracts will play an increasingly important role. Security assurances through auditing and certification will become increasingly indispensable.”

? Leading Social Investing Platform EToro Launches Crypto Services in 31 US States

Exchange and social network for investors and traders eToro has launched its cryptocurrency trading services in the United States, according to a press release shared by the company with Cointelegraph on March 7.


The exchange, which — per the release — has over 10 million registered users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multisignature wallet to customers in 31 U.S. states and territories.


The wallet will support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Stellar (XLM) and Ripple (XRP), and will enable users to send and receive the supported assets. According to the release, support for more cryptocurrencies will be added to the wallet in the future.

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? Daily Crypto Calendar, March, 8th?

Jared Tate founder & creator of DigiByte will take part in an event bringing together technology, businesses and the public together.

Rocket 2.0 Launch

“The First Sharder meet-up outside of China has been scheduled for Mar 8 2019 located in Amsterdam.”

BitAngels meetup in San Francisco from 8-10 AM.

“Sponsored by Horizen, the privacy cryptocurrency for everyday use, this meetup is hosted in person by local ASFL hosts…”

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, I was saying you that the 0.43$ resistance line was the line to break to continue the UP trend. Look how we broke it and how it triggered that nice UP Break Out. Except the symbolic resistance line at 0.50$, the next technical resistance line is now around 0.58$. Let’s see if we can reach that level quickly after a little consolidation which is in preparation now.

image.png

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? Daily Crypto News, March, 7th?

  • CFTC Chair: Blockchain Could Have Transformed Regulators Real-Time Response to 2008 Crash ;
  • Binance’s Crypto BNB No Longer Tracks Bitcoin – And That’s a Big Deal ;
  • Ripple CEO Brad Garlinghouse on JPM Coin: Other Banks Won’t Use It ;
  • Swiss Stock Exchange SIX to Use R3 Corda Enterprise for Blockchain-Based Trading Platform ;
  • SWIFT Puts Forward Proof Of Concept For Blockchain E-Voting ;
  • ? Daily Crypto Calendar, March, 7th?
  • STEEM Trading Update

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

? CFTC Chair: Blockchain Could Have Transformed Regulators Real-Time Response to 2008 Crash

Christopher Giancarlo, chairman of the United States Commodity Futures Trading Commission (СFTC), has said that blockchain would have transformed regulators’ real-time responses to the the 2008 global financial crash, if it had been in use at the time. Giancarlo made his remarks during the 4th Annual DC Blockchain Summit in Washington D.C. on March 6.


In his speech, Giancarlo drew on his personal experience as executive vice president at brokerage giant GFI Group — which, in 2008, as he noted, operated one of the world’s largest trading platforms for credit default swaps (CDS), “then the epicenter of systemic risk.” He recalled the panic and disorder on the GFI broker floor, as the global credit crisis cascaded out of control:


“I remember a call from a U.S. bank regulator asking about CDS trading exposure of several major banks, including Lehman Brothers. In fact, trading conditions were deteriorating by the hour. It was clear that the regulator had little means, short of telephone calls, to read all the danger signals that the CDS markets were broadcasting.”

? Binance’s Crypto BNB No Longer Tracks Bitcoin – And That’s a Big Deal

Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets.


While the reasons that most cryptocurrencies are highly correlated to bitcoin are not definitive, studies have shown this dependency on bitcoin’s trend has only grown stronger with time. Yet, BNB is proving different.


? Ripple CEO Brad Garlinghouse on JPM Coin: Other Banks Won’t Use It

Brad Garlinghouse, the CEO of San Francisco blockchain startup Ripple, gave JP Morgan Chase qualified praise Wednesday for creating its own stablecoin, before dismissing the product’s likelihood of adoption by other banks and questioning its usefulness.


During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JP Morgan “leaning in.”

But, he quickly added:


“That’s the only nice thing I’m going to say about this.”

? Swiss Stock Exchange SIX to Use R3 Corda Enterprise for Blockchain-Based Trading Platform

Switzerland‘s principal stock exchange, SIX Swiss Exchange, has chosen to use blockchain consortium R3’s Corda Enterprise platform for its forthcoming blockchain-powered digital exchange. The news was revealed during the R3-hosted Corda Day event in Singapore on March 6.

The SIX Swiss Exchange sees roughly 4.62 billion Swiss Francs (CHF) (~$4.6 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). As Cointelegraph reported in July 2018, SIX previously unveiled its plans to launch a digital asset ecosystem, dubbed Six Digital Exchange (SDX).

? SWIFT Puts Forward Proof Of Concept For Blockchain E-Voting

On March 5, financial messaging service SWIFT announced the launch of a <abbr title="

A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.

“>blockchain e-voting proof of concept (PoC). Participants in the PoC experiment include the Singapore Exchange (SGX), Deutsche Bank, Standard Chartered Bank, DBS Bank, and HSBC Bank.


SWIFT, in conjunction with software securities firm SLIB, will conduct the trial during the first half of this year in the Asia-Pacific region. The experiment will determine whether blockchain technology can “simplify the currently inefficient management of shareholder meetings and the associated voting processes…” According to SWIFT, its paper-based voting process takes an inordinate amount of time and resources, is too complex, and often leads to errors, particularly when it comes to proxy voting.


image.png

? Daily Crypto Calendar, March, 7th?

Product 2 of DarkWeb Ecosystem info release.

“We will be undergoing a scheduled network upgrade fork at block height 195,765, which will take place at approximately 10:00 UTC….”

BitPanda Listing

CM Robot AI Full Launch


“Once the countdown ends, everyone will be able to buy their PolisPay card. We will also reveal the PolisPay roadmap, and have a Q&A …”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The UP continued today and we are more and more close of the previous TOP. I traced for you a new resistance line in blue which has been created by the 2 previous TOP. As I explained you yesterday, this line has to be broken to start really a new UP trend on the STEEM. Let’s see if we will be able to break it soon, a UP Break Out on the BTC would for sure help us to break that line. As always, we have to wait the master.

image.png

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? Daily Crypto News, March, 6th?

  • New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets ;
  • Futures Trading Nears $1 Billion in First Month at Kraken Crypto Exchange ;
  • People Are Paying Bitcoin to Send Weird and Wild Messages Into Space ;
  • Blockchain Analytics Firm Chainalysis Outlines User Data Policy Amid Coinbase Allegations ;
  • Swiss Stock Exchange Launches Trading for ETH ETP ;
  • ? Daily Crypto Calendar, March, 6th?
  • STEEM Trading Update

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

? New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets

A new partnership between stablecoin TrueUSD (TUSD) and accounting firm Armanino purportedly allows traders to conduct instant audits of the token’s backing. The news was announced by TrueUSD in a blog post on Mar. 5.


The dashboard developed by Armanino purportedly enables traders to monitor TrueUSD token balances and collateralized funds. “Armanino connects directly to third-party escrow accounts holding the U.S. dollars that collateralize TrueUSD tokens, and runs their own ETH nodes to ensure accurate TUSD token supply,” the post details.

? Futures Trading Nears $1 Billion in First Month at Kraken Crypto Exchange

Cryptocurrency futures provider Crypto Facilities has seen “tremendous growth” since being acquired by U.S.-based crypto exchange Kraken last month, an executive said.


Sui Chung, the subsidiary’s head of indices and pricing products, told CoinDesk that trading volume has increased more than 500 percent since Kraken acquired the futures exchange at the beginning of February for $100 million.


Crypto Facilities is perhaps best known in the U.S. for providing bitcoin and ether reference rates to CME Group, which lists bitcoin futures contracts.

? People Are Paying Bitcoin to Send Weird and Wild Messages Into Space

You’re not sure where it will end up exactly or who will actually read it. But you type up a message, pay a couple of cents in bitcoin and click the “send” button. Your message zips through space – yes, space – then is broadcast out of a satellite, blanketing the world.


The result? A cosmic “message in a bottle” that’s become the latest novelty in the bitcoin technical community.


It’s all possible with the help of Blockstream satellite, an eccentric project released over a year ago with the goal of making bitcoin accessible for people without internet access. Sending messages has gotten easier since then, with the launch of spacebit.live, a simple website that allows users to pay a small fee (the default of which is 3 cents in testnet bitcoin) to send a message via those satellites across the world.

? Blockchain Analytics Firm Chainalysis Outlines User Data Policy Amid Coinbase Allegations

New York-based blockchain analytics firm Chainalysis has published an official statement clarifying that it does not collect or sell users’ personal data when it provides its services to cryptocurrency exchanges. The statement was published in a company blog post on March 5.


Chainalysis is one of the highest-profile firms in the blockchain intelligence industry, providing technology — such as its proprietary KYT (Know Your Transaction) tool — that enables firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering or terrorist financing.

? Swiss Stock Exchange Launches Trading for ETH ETP

Switzerland’s SIX stock exchange has announced the launch of an ETH exchanged-traded product. March 5 comprised the first trading day for the ETP, which is backed by Swiss company Amun AG. The launch comes one month after SIX announced its intention to launch a blockchain-powered exchange during the second half of this year.


Switzerland’s primary stock exchange, the Zurich-based SIX, has launched trading for an ethereum exchange-traded product, the Amun Ethereum ETP (AETH). Flow Traders B.V., a liquidity provider specializing in ETPs, will provide market making services for AETH on SIX.

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? Daily Crypto Calendar, March, 6th?

“Mainnet hardfork estimated date.”

Quant Network has been involved with the EU Blockchain Strategy. On the 6th of March there will be an announcement on this venture.

The second mainnet of Aeternity, called Minerva, will become active around March 6, 2019.

“In not more than 2-3 days everyone can finally trade on WhiteEX.”

Network upgrade at block 830,000, which is estimated to occur on March 6 at 00:00 UTC.

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 after the UP of yesterday which helped us to come back upper than the support line at 0.39$, we continued today with the UP Break Out of the BTC. However, we start to have some difficulties to break the previous tops. We must really break the double TOP that we have around 0.43$ to start the real UP trend. Without that, we still have a risk to have a correction again.

image.png

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? Daily Crypto News, March, 5th?

  • 2 Nevada Senate Bills Signal State Is Open For Blockchain Business ;
  • Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon ;
  • Coinbase Technology Partner Refutes Alleged Collection, Sale of User Data to Third Parties ;
  • Indian Supreme Court Advocate Says Cryptocurrencies Cannot Be Regulated ;
  • Bitcoin’s MACD Prints Strongest Bull Signal In Over a Year ;
  • ? Daily Crypto Calendar, March, 5th?
  • STEEM Trading Update

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

? 2 Nevada Senate Bills Signal State Is Open For Blockchain Business

On Wednesday, February 27, members of the Nevada Senate’s Committee on Judiciary heard two <abbr title="

A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.

“>blockchain-focused bills introduced by Senator Ben Kieckhefer (R): SB162 and SB163. Although Nevada does not prohibit blockchain technology or otherwise restrict its usage, the two bills provide clarifying language to, as the bill proponents explain, signal that Nevada understands and embraces blockchain and is open to economic development opportunities related to the technology. In a way, the bills could be considered enabling legislation.

? Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon

Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again.


That’s because during this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in China’s mountainous southwestern provinces of Sichuan and Yunnan. This level of excess power results in competitive electricity costs for bitcoin miners, making it perhaps one of the rare opportunities to earn profits in the current bear market that has already impacted the mining sector


Hashage, a company based in the city of Chengdu in Sichuan that operates six mining farms with a supply of about 200,000 slots for machines, for example, said the electricity cost in Sichuan during the summer – which may vary from hydropower plants – is usually around 0.25 yuan, or $0.037, per kilowatt hour (kWh) for hosting equipment for miners.

? Coinbase Technology Partner Refutes Alleged Collection, Sale of User Data to Third Parties

London-based blockchain analytics firm Elliptic — which provides technology to major United States crypto exchange Coinbase — has refuted allegations that it collects and sells clients’ user data to third parties for financial gain.


In an official statement published on March 4, Elliptic’s CEO and co-founder James Smith stated that the firm has never “enabled the violation of individuals’ financial privacy,” and that such accusations represent a fundamental misunderstanding of Elliptic’s industry role.


Elliptic is one of key players in the blockchain intelligence sector, providing analytics tools that allow companies, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering.

? Indian Supreme Court Advocate Says Cryptocurrencies Cannot Be Regulated

A supreme court advocate has explained the limitations of the Indian government’s power to regulate cryptocurrency, determining that the court should not get involved. Meanwhile, the crypto community awaits the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank.


“Cryptocurrencies by their very nature cannot be regulated … The supreme court should resist the urge to get involved”.

? Bitcoin’s MACD Prints Strongest Bull Signal In Over a Year

The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline.


As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be an early sign of a bearish-to-bullish trend change, while last week, bitcoin saw a bearish crossover of its 50- and 100-week moving averages, a first since 2015.


As such, the MACD became the latest in a series of indicators, that when applied to bitcoin point to seller exhaustion and a potential trend reversal as of Monday.


image.png

? Daily Crypto Calendar, March, 5th?

  • EthCC

EthCC 2019 (Ethereum Community Conference) is the second edition of a series of conferences and workshops dedicated to ETH.

“Mainnet hardfork estimated date.”

The second mainnet of Aeternity, called Minerva, will become active around March 6, 2019.

“In not more than 2-3 days everyone can finally trade on WhiteEX.”

Network upgrade at block 830,000, which is estimated to occur on March 6 at 00:00 UTC.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The crypto are becoming more more unpredictable. Tbh, it is a good sign because it shows that the market has difficulties to go lower but also higher. We are in an indecision phase which occurs often before the start of the UP trend. Anyway, it is still early to talk about that now but we can see that the STEEM dropped due to the BTC drop. However, the market on the STEEM decided to make an immediate bounce from the MMA50 (mobile average line in purple). The important now is to stay upper than the support line at 0.39$.

image.png

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? Daily Crypto News, March, 4th?

  • For People To Trust Blockchains, We Need Good Storytelling ;
  • Crypto Companies Still Run Into Trouble Opening Bank Accounts ;
  • Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition ;
  • Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act ;
  • An In-Depth Look at Ethereum’s Maker and Dai Stablecoin ;
  • ? Daily Crypto Calendar, March, 3rd?
  • STEEM Trading Update

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

? For People To Trust Blockchains, We Need Good Storytelling

On April 10, 2010, Cherie Aimée was rushed to the hospital for chronic shortness of breath. Within minutes of reaching the emergency room, Aimée had flatlined: Her heart had stopped, she was unresponsive for 90 minutes, and CPR did not work.

But Aimée survived. For four months she lived on life support. “I had no heartbeat,” Aimée said during her keynote at Decentralized 2018, “but what kept me alive was a modern, innovative technology.” A Left Ventricular Assist Device (LVAD) sustained Aimée for about five years until she was able to get a heart transplant.

? Crypto Companies Still Run Into Trouble Opening Bank Accounts

Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3.

The report cites the complaint of Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research, that “the standard answer of ‘just go to your local Chase branch’ doesn’t work in crypto.” Bankman-Fried also added that it is not illegal for banks to serve crypto businesses, but “it’s a massive compliance headache that they don’t want to put the resources in to solve.’’

? Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition

Christine Sandler, Coinbase’s director of institutional sales, has defended the crypto exchange’s controversial acquisition of blockchain intelligence firm Neutrino. In an interview with financial news channel Cheddar on March 1, Sandler said that previous client data providers were selling Coinbase user data to outside sources.

As reported, major United States crypto exchange and wallet Coinbase first announced the Neutrino acquisition on Feb. 19, saying it would make use of the startup’s advanced blockchain analytics tools, Anti-Money Laundering and Know Your Customer technology.

? Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act

A lawmaker from the U.S. state of Utah has introduced a bill that would stop blockchain firms from being classed as money transmitters.

Republican senator Daniel Hemmert filed senate bill 213 last week, proposing that any person who “facilitates the creation, exchange, or sale” of certain blockchain-related products should be exempted from the state’s Money Transmitter Act.

The bill also aims to create a legislative group called the “Blockchain Pilot Project Evaluation Task Force” to study the potential of the technology in government services.

? An In-Depth Look at Ethereum’s Maker and Dai Stablecoin ](https://news.bitcoin.com/an-in-depth-look-at-ethereums-maker-and-the-stablecoin-dai/)

Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U.S. dollar. However, there’s one particular stablecoin that’s been a hot topic of discussion lately called dai, a coin that’s backed by ethereum locked into a smart contract.

The Maker team consists of CEO Rune Christensen, CTO Andy Milenius, President Steven Becker and roughly 18 other leaders. The community is relatively small but has been growing since the project’s inception. Maker and the stablecoin dai community have a blog, a chat forum, and its own subreddit where individuals discuss the nascent ecosystem. At press time, dai is ahead of the stablecoin GUSD with the 55th largest market capitalization of around $89.3 million.

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? Daily Crypto Calendar, March, 4th?

  • Skycoin (SKY)

SkyWire Mainnet Launch

  • Stellar (XLM)

Stellar Blockchain Meetup at AWS Loft 350 West Broadway, New York, NY from 6:00 PM – 8:30 PM (EST).

  • IoTeX (IOTX)

IOTX participates in Allbit’s AxU Project 5 Trade Listing Competition from January 30 – March 4 (KST, GMT+9).

  • NetKoin (NTK)

“Netkoin’s Multi-token wallet will launch in the next beta version of Netkoin’s mobile app which is set for release on Monday 4 March 2019.”

  • IoTeX (IOTX)

“We are excited to introduce you to our first set of 36 Delegate candidates via a fun and interactive Vote & Share Campaign.”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

image.png

Here is the current chart :

image.png

So today we had a nice bounce from the support line at 0.39$ as expected but we haven’t been able to break the previous TOP. We are now doing a pattern called double top which is a bearish pattern. This pattern will be validated if we break the support line at 0.39$, so nothing is done yet. Just keep that scenario in mind. If that support line creates a new bounce, the double TOP will be invalidated and we should try to break the previous TOP again.

image.png

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? Daily Crypto News, March, 1st ?

  • Facebook Plans Cryptocurrency Launch in First Half of 2019: NYT Report ;
  • Ethereum Upgrades as Hard Forks Activate on Blockchain ;
  • Ripple Head of Markets: XRP Token Listing Was ‘Coinbase’s Independent Decision’ ;
  • Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials ;
  • Kraken Offers $100K Reward for Help Finding Quadrigacx Funds ;
  • ? Daily Crypto Calendar, March, 1st?
  • STEEM Trading Update

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

? Facebook Plans Cryptocurrency Launch in First Half of 2019: NYT Report

Facebook is talking to exchanges about potentially listing a cryptocurrency.


That’s the main finding from a New York Times story published Thursday on several efforts to introduce native cryptocurrencies to widely used messaging platforms. The Times reports that Signal and Telegram are also planning to roll out tokens over the next 12 months.
Citing “four people briefed on the negotiations,” the Times reports that Facebook has told exchanges it expects to get a product out in the first half of 2019.

? Ethereum Upgrades as Hard Forks Activate on Blockchain

Two long-anticipated upgrades appear to have officially activated on the ethereum blockchain, the world’s second-largest by market value, without incident.

At 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, rolled out on the main network at block number 7,280,000. As seen on blockchain monitoring website Fork Monitor, there is so far no evidence of a chain split that would suggest a portion of ethereum users are still running an older ethereum software.

Past hard forks of the ethereum blockchain have encountered such setbacks, most notably in 2016 with ethereum classic, a group that continued running an older software instance when a controversial upgrade was introduced.

? Ripple Head of Markets: XRP Token Listing Was ‘Coinbase’s Independent Decision’

Blockchain payment network Ripple did not influence United States cryptocurrency exchange Coinbase’s decision to list XRP, a senior executive claimed on social media on Feb. 27.

As part of a Twitter debate involving United Kingdom-based entrepreneur and investor Alistair Milne, Ripple’s head of markets, Miguel Vias, broke ranks with previous correspondence from Ripple about Coinbase.

Milne had written to the company asking for comment on rumors, which assert that Ripple either paid or offered an incentive to Coinbase in order to list XRP on its professional trading platform, Coinbase Pro.

? Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials

Big Four audit and consultancy firm PriceWaterhouseCoopers (PwC) is conducting a trial of its new blockchain-powered platform for ensuring the integrity of employee credentials. The trial, launched in partnership with the Institute of Chartered Accountants of Scotland (ICAS), was announced in a PwC press release published on Feb. 28.


PwC’s “Smart Credentials” platform, earlier unveiled on Feb. 13, implements blockchain to issue, store and securely share digital certificates for employees’ professional qualifications.


For the trial with ICAS, PwC employees, who have qualified as chartered accountants at the Institute within the past two years, are being issued with a blockchain-based certificate from ICAS that becomes part of their unique digital wallet.

? Kraken Offers $100K Reward for Help Finding Quadrigacx Funds

The San Francisco crypto exchange Kraken has announced the company is offering a $100,000 reward in exchange for a solid lead toward finding the missing Quadrigacx coins. Kraken has explained the company wants to bring more “awareness and attention” to the case and hopefully locate some of the lost funds.

Kraken Offers $100K for Help Finding Quadrigacx Funds


image.png

? Daily Crypto Calendar, March, 1st?

Smart Staking reward rate decreased by 2/3 in order to release NTF and protocol 2.0 PoF begins running for sealers.

IG singing contest cycle from Jan 21 – Mar 1 with rewards for highest voted videos.

Removal of unmoved coins will occur at block height 480000 (~March 1) and the estimated new supply is 3.5 million.

Digitex Futures Treasury releases first round of tokens for direct sale.

Livestream AMA from 11 AM – 12 PM PST (may extend to 12:30 PM).

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 I was little bit disapointed because my conviction was that we will try very soon to break the resistance line at 0.39$ but the BTC was not helping. The good surprise has been to see that the drop of yesterday on the BTC was a trap and that we are now back on the previous level.

This allowed the STEEM to go test the resistance line at 0.39 and we broke it :-D. We are now consolidating but it is really normal after a move like this. Expect a touch on the 0.39$ line which is now a support line before a possible UP continuation.

image.png

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? Daily Crypto News, February, 28th?

  • Singapore’s Wealth Fund GIC Among Those to Raise $300 Mln for Coinbase in 2018 ;
  • Constantinople Incoming: Tomorrow’s Two Ethereum Hard Forks Explained ;
  • Global Demand for Blockchain Engineers Up 517 Percent in a Year, Says Hired ;
  • Bitcoin Price May Rise in March Despite Month’s Bearish Track Record ;
  • Putin’s Order: Russia to Adopt Crypto Regulation by July ;
  • ? Daily Crypto Calendar, February, 28th ?
  • STEEM Trading Update

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

? Singapore’s Wealth Fund GIC Among Those to Raise $300 Mln for Coinbase in 2018

Singapore’s Government Investment Corporation (GIC) was reportedly one of the investors to have helped raise $300 million for major United States crypto wallet provider and exchange service Coinbase in 2018. Bloomberg reported the news on Feb. 28, citing anonymous sources familiar with the matter.

According to its official website, GIC — which was founded to manage Singapore’s foreign reserves — has in excess of $100 billion assets in over 40 countries worldwide.

As reported, Coinbase revealed it had raised $300 million in a Series E equity financing round in October 2018, brining its post-money valuation at the time to $8 billion.

? Constantinople Incoming: Tomorrow’s Two Ethereum Hard Forks Explained

In less than 24 hours, the world’s second largest blockchain by market capitalization is expected to activate its sixth and seventh system-wide upgrades, at which point its global user base will be asked to make two near-simultaneous changes to its code.


Known as Constantinople and St. Petersburg, both upgrades will be implemented as “hard forks,” or upgrades that add new rules to the ethereum software that are incompatible with past versions. Both will also take place at the exact same block number – 7,280,000.


Should users decide to upgrade, St. Petersburg will effectively disable part of the Constantinople code discovered back in January to host a critical vulnerability affecting smart contract security. Further, four out of five planned ethereum improvement proposals (EIPs) – the majority of which, according to independent ethereum developer Lane Rettig, will not be noticeable to the average user.

? Global Demand for Blockchain Engineers Up 517 Percent in a Year, Says Hired

This month, the <abbr title=”

Ethereum is a decentralized blockchain platform, enabled with EDCCs, where a software developer can build games, financial applications, gambling applications, utility and logistics software, social networks and more.”>Ethereum community experienced vicious infighting on social media as people reacted to Afri Schoedon’s controversial tweet about Serenity and Polkadot. The alleged verbal violence directed at Schoedon resulted in his exit from Ethereum and a subsequent letter, signed by dozens of Ethereum contributors, calling the community to develop healthier discussion practices and to “protect each other from threats and violence.”


This wasn’t the first Twitter thread in the Ethereum community to turn ugly, but Afrigate renews pressing questions about discourse. How can members of the community disagree or offer criticism in ways that are generative? In light of this recent display of toxic communication, I sat down with Taylor Monahan of MyCrypto to talk about healthy communication in the <abbr title=”

A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised. “>blockchain ecosystem.

? Bitcoin Price May Rise in March Despite Month’s Bearish Track Record

Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two.

The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality indicates scope for a break above the recent high of $4,190.


The focus would shift to the primary bearish trend seen on the monthly chart if BTC fails to pick a strong bid in the next few days. In that case, the probability of BTC ending March on a negative note for the sixth consecutive year would rise.

? Putin’s Order: Russia to Adopt Crypto Regulation by July

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year.


Putin has approved a list of instructions for 47 orders, according to a document posted on the Kremlin website on Wednesday. Among them is an order for the government to work with the State Duma, the lower house of parliament, to ensure adoption of “federal laws aimed at the development of the digital economy.” They include “determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets and attracting financial resources using digital technologies,” the order details.


image.png

? Daily Crypto Calendar, February, 28th?

Closed Alpha Testnet

“Incorporates over 15M American consumers’ data onto the CyberMiles blockchain,” during Feb 2019.

“Rather than rushing the mainnet out the door, the Matrix Team has decided to delay the launch of the mainnet until February.”

Po.et platform is set to release an open source e-book metadata format, similar to, but less expensive than today’s ISBN codes.

“Stage 2: Balancing and frequency regulation,” in Feb 2019.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Due to the drop of the BTC, we are currently starting also a correction. No luck because I’m quiet sure that if we would have a UP on the BTC, the resistance line on the STEEM around 0.39$ would have been broken. Anyway, the market decided the other scenario so we have to adjust our hopes. We have now a high risk to go test the support line around 0.31$…

image.png

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? Daily Crypto News, February, 27th?

  • Cryptocurrency Jobs Peak in These Indian Cities ;
  • Sony and Fujitsu Develop Blockchain Platform to Fight Fake Educational Qualifications ;
  • Pitchforks And Plows: Toward A Generative Ethereum Ecosystem ;
  • Bolivars to Bitcoin: Activists Take Down Venezuela’s Maduro in Crypto Art Exhibit ;
  • Samsung Teases Early Blockchain Partners For Galaxy S10 Phone ;
  • ? Daily Crypto Calendar, February, 27th ?
  • STEEM Trading Update

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

? Cryptocurrency Jobs Peak in These Indian Cities

Demand for skilled professionals in the crypto space has been steadily rising, according to new data that ranks cities in India based on the number of jobs in the cryptocurrency field. Some cities such as Mumbai dropped several places from last year’s ranking while a couple of others are new to the list.


? Sony and Fujitsu Develop Blockchain Platform to Fight Fake Educational Qualifications

Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu have created an encrypted database for educational proficiency documents, The Asahi Shimbun reports on Feb. 26.

The database, which reportedly employs blockchain technology, is used to prevent forgeries of language proficiency documents, which some foreigners purportedly use to receive resident status to study in Japan.

? Pitchforks And Plows: Toward A Generative Ethereum Ecosystem

This month, the <abbr title="

Ethereum is a decentralized blockchain platform, enabled with EDCCs, where a software developer can build games, financial applications, gambling applications, utility and logistics software, social networks and more.

“>Ethereum community experienced vicious infighting on social media as people reacted to Afri Schoedon’s controversial tweet about Serenity and Polkadot. The alleged verbal violence directed at Schoedon resulted in his exit from Ethereum and a subsequent letter, signed by dozens of Ethereum contributors, calling the community to develop healthier discussion practices and to “protect each other from threats and violence.”


This wasn’t the first Twitter thread in the Ethereum community to turn ugly, but Afrigate renews pressing questions about discourse. How can members of the community disagree or offer criticism in ways that are generative? In light of this recent display of toxic communication, I sat down with Taylor Monahan of MyCrypto to talk about healthy communication in the <abbr title="

A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.

“>blockchain ecosystem.

? Bolivars to Bitcoin: Activists Take Down Venezuela’s Maduro in Crypto Art Exhibit

Venezuelan president Nicolas Maduro will be taken down today.

At least his visage, painted on 1,000 bolivars by cryptocurrency-focused artist cryptograffiti, will be. The destruction of the artist’s newest piece – an 11-foot by 10-foot portrait of the Venezuelan leader – will happen in Cucuta, Colombia, about 500 yards from the Simon Bolivar Bridge, a landmark hundreds of thousands of Venezuelans have walked across to escape the poverty of their home country.

Since Maduro took office in 2003, Venezuela has suffered drastic inflation, starvation and socio-economic decline. And in recent months, the situation has worsened. This past weekend, violence broke out on the border with Brazil as the Venezuelan military moved to block food and medical supplies from entering Venezuela.

? Samsung Teases Early Blockchain Partners For Galaxy S10 Phone

South Korean tech giant Samsung looks to have revealed some of the first blockchain partners for its upcoming flagship cellphone, the Galaxy S10.
At its Samsung Mobile Business Summit session at MWC Barcelona 2019 on Monday, the company presented the new phone’s Blockchain Keystore to affiliates and customers, displaying a picture that included the logo for Cosmee, a beauty community service dapp (decentralized application) from the Cosmochain crypto project, as well as that of the Enjin crypto gaming platform.


As reported by CoinDesk Korea on Tuesday, while Samsung did not disclose precise details of the partner services, they are likely to be featured on the phone at launch or soon after.

image.png

? Daily Crypto Calendar, February, 27th?

“The second version of Constantinople will not actually hit the network until February 27th.”

New deadline set by SEC to further review the rule change proposals to list a Bitcoin ETF.

TestNet Release

  • Stellar (XLM)

Testnet Release

Dev team hosts weekly update on current status developments, including the Tritium mainnet and satellite launch.

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 you can see on the chart, we continued the bounce from the support line at 0.31$ but it looks like the market is blocking and is forming a double top. Let’s see if that pattern will be validated but I remember you that a double top is a bearish pattern which means that most of the time, we have a drop as result of this pattern. Let’s see!

image.png

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? Daily Crypto News, February, 26th?

  • Constantinople, For Real This Time ;
  • Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow ;
  • Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In ;
  • Bitfinex Recovers $106,000 of Stolen BTC With US Government Help ;
  • NFTs Are Here. But Where Are They Headed? ;
  • ? Daily Crypto Calendar, February, 26th ?
  • STEEM Trading Update

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

? Constantinople, For Real This Time

The much-anticipated Ethereum hard fork known as Constantinople is set to be implemented at block number 7,280,000, which developers have predicted will take place on Thursday, February 28. Of course, the exact timing of activation depends on block times between now and then, meaning the upgrade could happen one to two days before or after this Thursday.

Constantinople was initially set to activate last month, but a security vulnerability in EIP 1283, one of the originally included improvement proposals, delayed the upgrade’s implementation. Core developers decided to remove the faulty EIP and push the hard fork back to block number 7,280,000.

? Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow

Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization.

The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens to begin with. After a minimum of 12 hours, the company plans to activate other trading services, though this timeline is variable.

Initially, Coinbase Pro customers in the U.S. (excluding New York state), the UK, some EU nations, Canada, Singapore and Australia will be able to access XRP, with support for other jurisdictions possibly being added in the future.

? Japanese Multinational Holding SoftBank Announces Blockchain ID Working Group

Japanese multinational holding conglomerate SoftBank Corp. and American telecoms-focused blockchain firm TBCASoft are to lead a new blockchain-based digital identification study group under the canopy of the Carrier Blockchain Study Group (CBSG). The development was announced in a SoftBank press release on Feb. 26.

As previously reported, CBSG — a global blockchain consortium of telecom carriers — was founded in September 2017, in a bid to push greater adoption of the technology in the industry. Alongside Softbank and TBCASoft, the organization counts Taiwan-based telecoms carrier Far EasTone and U.S.-based telecoms firm Sprint as founding members.

? Bitfinex Recovers $106,000 of Stolen BTC With US Government Help

Bitfinex has recovered 27.7 bitcoin stolen by hackers in August 2016, the company said on Monday. The coins, worth around $106,000 at the time of writing, represent only a small fraction of the total BTC stolen. U.S. federal law enforcement agencies recovered the bitcoin and returned it to the cryptocurrency exchange.

Over two years following the hack of the Bitfinex platform, today we see the results of a clear and robust response strategy and the efforts of the U.S. government. It gives us great pleasure to be able to reimburse our traders that were loyal to us and believed in us at a very difficult time. We would like to thank U.S. federal law enforcement agencies for their ongoing efforts to investigate the security breach and their commitment to seizing and returning stolen assets.

? NFTs Are Here. But Where Are They Headed?

There was something both fresh and familiar about the NFT.NYC conference that non-fungible token developer PeopleBrowsr put on at the PlayStation Theater in Times Square last week.

It felt like some of the early bitcoin conferences: A little scrappy and rough around the edges, some wild ideas that ranged from practical to pie-in-the-sky, but in all exuding a great deal of enthusiasm for a novel blockchain technology that could spawn a variety of new business and philanthropic models.

It remains to be seen whether NFTs can get beyond the gimmick status they occupied in popular imagination since Dapper Labs launched CryptoKitties, the popular game that creates unique, collectible, breedable digital cats. There are questions about scalability and interoperability associated with ERC-721, the dominant, Ethereum-based NFT standard, and on whether the world will embrace outside-the-box ideas for redefining value, property and commerce.

image.png

? Daily Crypto Calendar, February, 26th?

  • FintruX Network (FTX)

“A live video AMA with the FintruX team is quickly approaching on 26th February!”

  • Ethereum (ETH)

“The second version of Constantinople will not actually hit the network until February 27th.”

  • Bitcoin (BTC)

New deadline set by SEC to further review the rule change proposals to list a Bitcoin ETF.

  • Stellar (XLM)

Testnet Release

  • SNexus (NXS)

Dev team hosts weekly update on current status developments, including the Tritium mainnet and satellite launch.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

image.png

Here is the current chart :

image.png

With this kind of chart, it is obvious that my lines are well selected and used by the market. Look how the STEEM went touch exactly the support line at 0.31$ and how the bounce has been created by the support line. The chart is confirming exactly my scenario. So now let’s see, that bounce is perhaps just a pause before the next drop but the DROP could also be invalidated if the UP is continuing. The coming hours will be very important.

image.png

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