🗞 Daily Crypto News, May, 24th💰

  • Facebook to Roll Out ‘GlobalCoin’ Cryptocurrency in 2020, Report Says ;
  • US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay ;
  • Russian Central Bank to Consider Gold-Backed Cryptocurrency ;
  • Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India ;
  • Ethereum Investment Vehicle Approved for Small Investors ;
  • 📑 Daily Crypto Calendar, May, 24th💰
  • STEEM Trading Update

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

🗞 Facebook to Roll Out ‘GlobalCoin’ Cryptocurrency in 2020, Report Says

Social media giant Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020, according to a report from BBC.


The news outlet said on Friday that Facebook is planning to launch the cryptocurrency-based payments system in “a dozen countries” by the first quarter of 2020 and is looking to start trialing it by the end of this year.


More details about Facebook’s crypto plan are said to be revealed in the coming months, the report said. It further added Facebook had looked for advice from officials of the U.S. Treasury and the Bank of England governor Mark Carney regarding opportunities and regulatory issues for the initiative, which is internally referred to as “Project Libra.”

🗞 US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay

United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online, according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay.

BitPay is a platform that converts cryptocurrencies to fiat and is used by over 20,000 businesses. AT&T is reportedly the first United States-based business in the wireless network industry to offer bill payments with BitPay.
Kevin McDorman, vice president of AT&T Communications Finance Business Operations, said, “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”.


🗞 Russian Central Bank to Consider Gold-Backed Cryptocurrency

Russia’s central bank will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to a Tass report.


Elvira Nabiullina, governor of the Bank of Russia, said Thursday that her institution is to review a proposal for the development of the cryptocurrency.


Nabiullina said at the nation’s lower house, or Duma:
“As for mutual settlements, we will consider, of course, [the] proposal on … a gold-backed cryptocurrency. But, in my opinion, it is more important to develop settlements in national currencies,” she said at the State Duma.

🗞 Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India

An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged the central bank to allow crypto businesses to participate in its new regulatory sandbox.

“Regulation would ensure transparency, oversight and accountability. The onus or burden on the government may be shifted to exchanges or other platforms offering virtual currencies or trading thereon.”

🗞 Ethereum Investment Vehicle Approved for Small Investors

Individual investors will soon be able to invest in Grayscale Ethereum Trust, billed as “the first U.S. publicly quoted security solely invested in and deriving value from the price of ethereum.”


The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulatory organization (SRO), has approved public quotation of shares in the trust, Grayscale Investments announced Thursday.


“All kinds of investors will be able to gain exposure to the price movement of ethereum without the challenges of buying, storing, and safekeeping ethereum,” wrote Marissa Arnold, a spokesperson for Grayscale, in an email to CoinDesk.

📑 Daily Crypto Calendar, May, 24th💰

“Please tune in tomorrow at 9-10AM PST for our AMA with @binance!”

Veros roadmap will update on May 24, 2019.

The next SmartCash community meetup will be this Friday at 18:00 in Kaliningrad.

Announcement on the upcoming FT public chain & ecological strategy presentation and community congress for the first anniversary of FCoin.

“Rebranding and Hardfork will be estimated approximately at 19.00 UTC on Friday May 24.”

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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

We are still under the resistance line around 0.39$. We tested it several times these last day but till now, we are not able to break it more than some minutes. We could finish to have a correction to go test the support line at 0.33$ but I still have the hope that the BTC will continue its UP and that we could finish to break that resistance on the STEEM with that help. Let’s see what will do the BTC in the coming hours.

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🗞 Daily Crypto News, May, 23rd💰

  • The Consensus 2019 Videos Are Live;
  • Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court ;
  • South Korean Gov’t Announces Second Study Group for Blockchain Regulations ;
  • Binance CEO CZ Is Suing VC Giant Sequoia for Reputational Damages
  • Dash brings anti-51 percent attack software upgrade to mainnet ;
  • 📑 Daily Crypto Calendar, May, 23rd💰
  • STEEM Trading Update

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

🗞 The Consensus 2019 Videos Are Live

The official Consensus 2019 videos are now available for public viewing.

Our official Consensus 2019 video page is now live and features a slate of amazing talks from the Consensus main stage, our Business and Markets tracks, as well as our developer-focused Construct.


In these videos, you’ll hear from the likes of ConsenSys founder Joe Lubin, SEC commissioner Hester Peirce, 2020 presidential contender Andrew Yang, former U.S. Representative Ron Paul and Tron founder Justin Sun, among many more.


https://www.coindesk.com/the-consensus-2019-keynote-videos-are-now-live

🗞 Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court

Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22.


Per the post, Justice Joel M. Cohen of the New York Supreme Court (NYSC) ruled to grant the companies their motion for an immediate stay of the document demands. The court thus only requires the parties to produce documents and information related to whether there is personal jurisdiction over the companies in New York, while staying the document order in all other regards.


In yesterday’s motion, law firms representing the two companies specifically argued that the New York Attorney General (NYAG) has neither personal nor subject matter jurisdiction and that the NYSC cannot be appealed to, because Bitfinex and Tether are neither operated out of New York nor harmed investors in that state.


🗞 South Korean Gov’t Announces Second Study Group for Blockchain Regulations

The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21.


The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain tech could achieve widespread institutional adoption.


The Blockchain Regulation Improvement Study Group was launched in June of last year, and initially focused on improving legal regulations pertaining to blockchain tech such as personal privacy, smart contracts, electronic documents and digital signatures, and the application of distributed computing systems.

🗞 Binance CEO CZ Is Suing VC Giant Sequoia for Reputational Damages

Binance founder and CEO Changpeng Zhao is taking a unit of Sequoia Capital back to court after the VC investor’s case against him was dismissed.


The crypto exchange mogul, nicknamed CZ, claims Sequoia Capital China hurt his reputation and prevented him from raising money at favorable valuations and wants the VC giant to compensate him.


According to a filing submitted on May 20 to the High Court in Hong Kong and obtained by CoinDesk, Zhao has sent an application via his attorneys for a hearing before the court chambers on an order for “immediate summary of assessment of damages.”

🗞 Dash brings anti-51 percent attack software upgrade to mainnet

Dash’s highly-anticipated “anti-51 percent attack” network upgrade has finally been completed, marking “one of the most important updates” in the blockchain’s five-year history, according to an emailed statement from the Dash Core Group.


The company behind the Dash cryptocurrency announced today that the Dash Core v0.14.0 software upgrade has officially gone live on its mainnet. The upgrade aims to solve the nightmare of 51 percent attacks while also providing near-instant transaction times, as Dash Core Group COO Robert Wicko previously explained in an interview with Decrypt.


While it is incredibly rare, a 51 percent attack is a dangerous occurrence. Mostly, it happens when a single party obtains over half of the total mining power on a cryptocurrency network. Using the computing power under his control, the attacker can easily manipulate the ledger, and steal the tokens.

📑 Daily Crypto Calendar, May, 23rd💰

“We would like to invite a few of you to partake in a closed beta test (starting May 23rd)…”

“Ask your questions for the team in this #Reddit thread. We will be live on @YoutTube, Thursday 5/23 @ 6PM UTC (2pm EST)”

Trade FUEL on Nauticus exchange to win a share of 5 million FUEL.

We will hold a roadshow called Block Talk that is organized by the Nodes community. May 23 2019, Jakarta, Location: Pique Nique.

“We will celebrate our 1st #anniversary on May 23 and we decided to organize a monthly 100 $CCX giveaway to 5 of our node owners….”

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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 expected yesterday, we did a new test of the resistance line at 0.39$ but we failed again to break it. It is always better to avoid a second fail on this kind of test but a third or even more tests could still be successfull so no drama till now. However, the more we fail to break that line, the more we have propabilities to see a correction taking place so as already explained yesterday, I really hope we will be able to break it asap.

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🗞 Daily Crypto News, May, 10th💰

  • 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💰

  • 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.

image.png

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Are Decentralized Exchanges Really The Future? How Have They Developed Over Time?

There are over a million word used in daily conversation but if a single word could be itched from the heart of every blockchain enthusiast and believer; it is “decentralization“. The word is the basis by which the concepts of blockchain and cryptocurrency foundations are built upon.

To cryptocurrency followers – decentralization isn’t just a word, it is a revolution.

Bitcoin revelation transcribes the true power of its meaning. For the first time in history, two people with mutual or distant relationship but with common agreement can send over a currency with a real-world value across long distance in a trustless manner, without the need for a third party or witness, while at the same time ensuring the safety, fair settlement and privacy of both parties.

Cryptocurrency debut gave a new perspective to which we see money.

A true internet form of money is now represented and exchanged across different domains in a seamless and trustless manner, taking on the functionality of the internet itself and at the same time providing additional vital extensiveness to the use of the internet.

As much as cryptocurrency originate to create a decentralized financial ecosystem, exchanges where the majority of these assets are traded, are with centralized design. Operating with all disadvantages a centralized infrastructure has to offer.

Some of which are:

• There is insecurity of funds.

• Users interactions are limited.

• Trading and withdrawal fees are exorbitantly high.

• Poor account management and access.

• Less control of owned assets by users which can be subjected to further censorship.

The purpose of bitcoin was to ensure the above-mentioned restrictions and challenges have no concrete roots in the proposed decentralized future.

To bring about this ultimate dream, the obvious solution is a decentralized market place.

Pixabay Image

The past few years had seen visionaries proposing solutions of various type to construct an ideal system that will tolerate the demanded trading activities.

Coming along with this, we have seen different creation of typical decentralized exchanges (DEX). Some good examples are DEXs like BitShares, Idex, Bancor, and Newdex.

Although the establishment of these DEXs brought about the realization of the initial dream, their use and functions have been way below the actual need.

Constructed with currently available fitting technologies, DEXs are plagued with many constraints and limitations.

Such as:

• Slow matching time and execution of trades.

• Incapabilities to tolerate large volume of trades.

• Unreliable system responsiveness.

• Sophisticated user interface

• Very little interface instruction for fair price placement.

• Inability to trade over the native blockchain assets.

These resulted to further constraint such as:

• Lack of good volume.

• Low liquidity from poor volume.

• Few spread across order books.

• Low rate of adoption.

With the above-mentioned challenges, it is obvious that DEXs are not yet ready to be adopted as the primary marketplace for cryptocurrency trading activities and exchange.

Despite these shortcomings, decentralized exchanges have seen some encouraging progress in their development and use over time.

Here is a write-up illustration with matching dex-like examples showing their growth with time.

Bitshares

The first true DEX to be created. Bitshares was the work of the veteran blockchain programmer Daniel Larimer. Dan thought of the need to create a decentralized exchange framework with no single point of failure when earlier centralized exchanges like Mt.Gox were failing, became unreliable, suffering several major hacks that almost dented the future of cryptocurrency.

Well known for his innovative Delegated Proof of Stake Consensus, Dan design the Bitshares network using the DPoS algorithm – a scalable framework that can match over 100,000 tps, surpassing the capacity of both Visa and Mastercard combined.

Despite this high matching time and efficiency, Bitshares suffers from an overly decentralized system with a sophisticated setup. There is a market for stablecoins represented in the currency like bitUSD and bitEUR, there is a market for bonds, commodities, stocks and precious metals such as gold and silver which are also represented in a form, while a market also exists for cryptocurrency as a whole.

This sophisticated arrangement rendered the exchange a rocket science for many commoners, I personally also find it very difficult to understand how the system really works.

Though the problem with complicated use is one of the restrictions, Bitshares major problems arose from improper funding and governance. Interoperability is also another important setback as blockchain specific cryptocurrency are the only available choice of trading, killing off any chance of good adoption.

IDEX

Idex uses the smart contract feature of the Ethereum blockchain to matches and executes trades. Constructed under a limited idea, Idex matching engine is relatively slow but is a much improvement over its predecessors ‘EtherDelta’.

For the records, Etherdelta is reported to have a history of making traders especially the beginners lose money due to its very slow matching engine and sophisticated user interface. 

Idex although suffered from low scalability in relation to Ethereum network capabilities, the dex boasts a nice user interface with other extensibility of being accessed from cold storage wallets like hardware wallet and dapp browsers like Metamask and Trust Wallet.

It is inarguable that Idex is an improvement over Bitshares, but in a much wider comparison these two are entirely different from each other, however, both provide a good overview for future design and areas to improve on.

Bancor Network

Built initially to support Ethereum-based assets, Bancor Network gave another fresh perspective about how decentralized exchanges could operate and function.

Basically, the exchange could be regarded as an atomic-swap-like exchange. Assets are converted in real time using the market price feed instead of a limit order.

Bancor was famous for its hype with its initial statement as a ‘fast liquidity network’. After suffering its biggest hack, freezing some accounts in the process, Bancor decentralized design was put to serious question.

Going offline to restructure its operation after the hacking incident, Bancor came back with even a bigger buzz – creating a feasible gateway to enable cross-chain conversion by listing trading activities for the EOS coins, which can be converted with foreign blockchain like the Ethereum blockchain.

NewDex

I purposely decided to put this at the bottom of the list because of its much-improved functionality in terms of matching time and user interface.

Although built solely upon the EOS blockchain with very limited chance for foreign cross-chain communication as with current design, Newdex is a very encouraging development when it comes to good user experience and usability. I personally did not realize I just used a dex during my first encounter with the exchange. The user interface was simple and intuitive, I was very amazed by how fast my order was place and executed.

The basic need of a good exchange is fast trading execution and awesome user experience coupled with some essential need like security and reliability.

Newdex addresses these demands to some good extent. One drawback of this exchange is that it is blockchain-specific and with low volume. As for the volume; it’s only a matter of time before more people discover the joy of the dex.

Speculated Future Of Dex

Image  Source

Reading through this post It should be noted that, with time, decentralized exchanges improve in one aspect or the other over older ones along with available technologies.

Innovations and developments continue to be directed at existing mechanism, therefore, it’s only a matter of time before we finally arrive at that ideal solution for operating decentralized exchanges.

More promising, the recently launched Binance chain and the much awaited Binance dex could, in fact, changed the overall adoption and use of decentralized exchanges, but the issue with interoperability remains.

What awaits the future of dex is very unpredictable but there are positives to take from their evolution over time.

Personally, I can see a future where there is a functional ecosystem supporting the exchange of multi-currency network with a fair control of owned assets by users.

The future of DEX is bright.

What are your thoughts about the general overview of DEX? I would like to know in the comment box below.

Credits

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Useful Resources

Bitshare review

Is Bancor Really Decentralized

🗞 Daily Crypto News, May, 6th💰

  • 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💰

  • 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

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🗞 Daily Crypto News, May, 2nd💰

  • 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.

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 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

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🗞 Daily Crypto News, April, 30th💰

  • 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 Digest – 012

There is no doubting this anymore. Crypto investing and trading has reached a new level when we compare activities of the past few months to recent weeks.

What was expected after the recent FUD news involving the Bitfinex saga and its issuing of Tether was to see another big fall in price breaking the upper resistance line to new low resistance? But as we have it, the line is thicker than it looks and we haven’t found the real pressure to suppress and breakthrough it yet or better maybe it may never be touched again going into the future.

This show of resilience is a good pointer that indicates a near significant upturn of the market. B1 June announcement and the awaited Bakkt approval are two of the major events many are speculating should ignite the long-awaited bull market that seems to be taking forever.

Until that happens, the present market condition is a thing to be happy about.

Some discussions you may find interesting and be part of

Pixabay image

Reddit

I am seeing this more lately. It seems people are now more wary of how their crypto assets could be accessed in the event something bad happen to them. This discussion on Reddit has a good insight on many possibilities to go about this.

Do you agree linking blockchains together could decrease congestions on networks?

Tether makes another claim backing USDT amounts.

Twitter

The owner of NYSE buys crypto custodian in a push to offer Bitcoin.

Are most workers not happy with their work after coming across cryptocurrency as this Man suggests? 

Bitfinex integrates a solution that informs traders of on-chain, social and development data for better trading decisions and experience.

Reports and Updates in the news.

Pixabay Image

More use case for cryptocurrency and blockchain projects is the dream of every crypto enthusiasts. 

Bit by bit the dream is getting realized on a rapid basis.

If you are conversant with price action, you should notice a good spike in the price of the IOTA coin.

No, the spike wasn’t a result of ordinary trading activities, it was as a result of a recent bullish news about the partnership of IOTA with Jaguar Land Rovers.

The motor maker announced the use of verifiable Internet of things data (IOT) in cars to inform present road conditions and weather state from cars using the IOTA crypto coin to reward car owners.

Read the in-depth report on Coindesk.

More flexible approach to crypto is emerging in popular countries

Many countries deem crypto handling and investing a very risky move, and yes to some degree they are right. But the brutal strict regulation placed by some of these countries far outweighs the risk they pose.

Recently, it was reported that Russia is planning to test crypto in four of its region – an experiment to have a better overview of crypto investing and trading and its results.

Look more into this by continue reading on news.bitcoin.com.

Neo revitalized

If a popular story could be preached about NEO, then it is how its made many millionaires when the brand name NEO was adopted over the former “antshare” brand name.

The viral growth of NEO took a solid base through the introduction of an incentive mechanism to holders by introducing a supplementary token popularly known as ‘GAS’ which is monthly generated.

Despite this innovative stability mechanism, NEO suffers a big deal when the news broke of how very centralized the system is.

Now, NEO is turning a new leaf by launching an entirely new blockchain in the much awaited upcoming NEO 3.0.

Existing coins would be swapped with the newly created coins when the system goes live.

Read more about NEO 3.0 on Cointelegraph.

Other reports and updates in the news.

Pixabay Image

Old twitter account @Bitcoininfo tipped a total of $10,000 in BCH to charities and random people on Twitter for a period of 48hours.

There is a significant decrease in cryptojacking after Coinhive mining service got shut down. 

Bitmain plans to develop better mining equipment to leapfrog competitors.

A popular anti-malware firm discovered over 152,000 infected Ethereum wallets.

24 countries discuss global standard for cryptocurrency regulation.

This digest is concluded.

Thanks for your time reading the digest.

Remember to visit my blog often for more interesting digest.

Cheers 🙂

Disclaimer

The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.

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