China has slashed clean energy funding by 39%, leading a global decline

China has slashed clean energy funding by 39%, leading a global decline (MIT Technology review)

  • According to a report by Bloomberg NEF, the global investment in clean-energy projects has dropped to its lowest level in six years, at $117.6bn for H1 2019, representing a 14% decline yoy.
  • China has reduced its investment by 39%, following reductions in solar subsidiaries. The US and Europe also reduced their investments by 6% and 4%, respectively. Spending in Japan, India, Spain, and Sweden rose.
  • The drop follows a slowdown in renewable-energy construction last year, and coincides with a reduction of private investments into clean energy companies (down by 2% to $4.7bn).
  • Despite the drop in China’s investments, the country remains the world’s biggest clean-energy spender. Spending may pick up again in H2 as some big offshore wind deals come through and China holds an auction for solar power.

Analytics and Comments

  • Renewables were becoming unsustainable as the grid was already starting to fail to cope with them. In 2016, solar curtailment rates in China rose to 16% as a result.   
  • This is the reason why solar plus energy storage is the only option, with massive growth already happening in places such as the US and Australia.
  • With growth in high power DC charging infrastructure, utilities and transmission companies will be forced in to invest in stationary storage, microgrids, virtual power plants, and electricity trading between households and commercial clients.
  • This is already happening and, in my view, represents a growth opportunity for the likes of big industrials such as Siemens, Schneider, ABB, and also smaller players such as Alfen, PSI and EPS.   
  • The news comes at a time when a new study by PLoS One, a peer-reviewed scientific journal, reports that more than 75% of the world’s major cities will experience drastic changes in climate by 2050.
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? Daily Crypto News, July, 17th?

  • Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair ;
  • Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options ;
  • Facebook’s Marcus Says He’d Accept 100% of His Pay in Libra ;
  • Global Blockchain in Healthcare to Reach $1.7 billion by 2026 ;
  • Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’ ;
  • ? Daily Crypto Calendar, July, 17th?
  • STEEM Trading Update

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

? Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives.


Gary Gensler, who chaired the CFTC from 2009 to 2014 and previously held leadership roles at the U.S. Treasury Department, says in written testimony that Facebook’s new cryptocurrency project looks like an investment vehicle and that Libra may even resemble some banking structures.


Gensler will testify before the House Financial Services Committee on Wednesday, as part of a panel of expert witnesses on the potential implications of Libra. He will join Public Citizen president Robert Weissman, Columbia University law professor Katharina Pistor and Georgetown University law professor Chris Brummer.

? Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options

Cubans are quietly exploring cryptocurrency use-cases on the politically isolated island, even watching Facebook’s Libra project with cautious optimism.


Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. She said up to 60 users purchase a total of one or two bitcoins every week.


“For Cuba, that is a lot,” Rodriguez said. “Cuba is probably going to be very interesting for Libra [developers] and I hope there will be some potential there.” In its launch materials for the Libra stablecoin, Facebook has focused heavily on the potential to connect the world’s underbanked with digital financial services.

? Facebook’s Marcus Says He’d Accept 100% of His Pay in Libra

Facebook’s blockchain lead David Marcus told lawmakers he would be willing to accept 100 percent of his salary in the social media giant’s proposed Libra cryptocurrency.


During a Senate Banking Committee hearing on the controversial project Tuesday, the ranking member of the panel, Sen. Sherrod Brown (D-Ohio), asked Marcus if he trusted Libra enough to put skin in the game this way.


“You really think people should trust you with their hard-earned money, I think it’s delusional,” Brown said, after enumerating Facebook’s history of privacy abuses. He then posed the question: “Will you accept all of your compensation in that new currency?”

? Global Blockchain in Healthcare to Reach $1.7 billion by 2026

The volume of blockchain in healthcare market worldwide is forecast to reach more than $1.7 billion by 2026.


In a press release published on July 16, consulting services to information technologies firm Acumen Research and Consulting (ARC) has projected that the global blockchain in healthcare market on the global scale will reach over $1.7 billion by 2026, with a compound annual growth rate of 48.1%.


Based on geography, America purportedly dominates with the largest share in the global blockchain in healthcare market, wherein the United States is a mature market that hosts the greater adoption of smart technology in manufacturing and healthcare.

? Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Former Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15.


According to Paul, cryptocurrencies are a great idea, and governments should only step in to regulate the space to prevent fraud:


“… I’m for the least amount of regulation. I don’t know what’s gonna happen to cryptocurrencies. I think it’s a great idea. And I only have one rule: no fraud … I think that the government has a role. And [if] somebody has a case that there is fraud, I think it should be investigated …  What I want to do is legalize the freedom of choice, absent blatant fraud.”

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? Daily Crypto Calendar, July, 17th?

“We are excited to announce the official release date of Equal Wallet Connect on the 17th of July.”

Workshop with dApps and writing smart contracts on WAVES blockchain in Saint Petersburg, Russia.

“Join the SDF team and @Coinsquare for a #StellarMeetup on Wednesday, July 17.”

Fireside chat with Ted Livingston, CEO of Kik and Founder of Kin from 18:30 – 21:00.

“Join us in Cambridge, England, 17 July to design the best trading agent.”

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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 currently consolidating just upper the major resistance line at 0.24$ while the BTC is having a very nice bounce. It is becoming hard for all the altcoins and STEEM is not better than other and is sometimes even worst. What to say, we have to wait for better days, the market doesn’t really care currently for the altcoin market and I really don’t know how many time it will last like that. Courage and perhaps focus on the BTC if you want do short term trades.

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? Daily Crypto News, July, 16th?

  • What to Expect When Congress Grills Facebook on Cryptocurrency ;
  • Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings ;
  • US Treasury Secretary Shares Trump’s Concerns on Crypto, Stresses Compliance ;
  • Polkadot Tokens Valued at $75 Pre-Launch in Crypto ‘Futures’ Offering ;
  • Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’ ;
  • ? Daily Crypto Calendar, July, 16th?
  • STEEM Trading Update

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

? What to Expect When Congress Grills Facebook on Cryptocurrency

The Takeaway


Congressional hearings on Facebook’s Libra project are likely to focus more on the company’s privacy failings than on unresolved policy questions for cryptocurrency.


Lawmakers will probably also grill Facebook blockchain lead David Marcus on the company’s choice of Switzerland as the home for the Libra Association.


Though Facebook intends to launch Libra next year, regulatory and congressional scrutiny may throw that timeline into jeopardy.

? Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency on July 16 and 17.


The price of a single bitcoin, which stood near $13,000 five days ago, fell below $10,000 earlier today and tested the 50-day moving average at $9,900 for the first time since February 18.


Facebook’s head of Calibra – one of the entities set up to govern and develop the crypto project – David Marcus is scheduled testify to lawmakers on the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday.

? US Treasury Secretary Shares Trump’s Concerns on Crypto, Stresses Compliance

United States Treasury Secretary Steven Mnuchin shares President Donald Trump’s concerns on the use of cryptocurrency to finance illicit activity, and stresses the role of enforcing FinCEN regulations with respect to crypto-dealing organizations. Mnuchin made his remarks at a press conference on July 15.


Mnuchin called the use of cryptocurrencies to fund illicit activity a national security issue, saying that billions of dollars have been used for this purpose:


“Cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity, like cybercrime, tax evasion, extortion, randomware, illicit drugs, human trafficking … This is indeed a national security issue.”

? Polkadot Tokens Valued at $75 Pre-Launch in Crypto ‘Futures’ Offering

Say hello to the IFO.


The cryptocurrency futures exchange CoinFLEX, backed by Polychain Capital and investor Roger Ver, will launch its first initial futures offering (IFO) this week.


“This is the first time we’ve made a futures market for a coin that doesn’t actually exist yet,” CoinFLEX CEO Mark Lamb told CoinDesk. “It’s a determiner of the price before the asset exists.”


Notably, Polkadot’s DOT will be CoinFLEX’s flagship IFO.


Stepping back, CoinFLEX launched in April with four futures contracts including bitcoin and ether. The platform then launched its own exchange token called FLEX earlier this month.


The Polkadot IFO on Wednesday will be the first sale that requires participants to buy the exchange’s native token. Modeled after the Binance initial exchange offering model, up to 300 FLEX token holders will have access to “discount” contracts priced at $75 per DOT.

? Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Former Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15.


According to Paul, cryptocurrencies are a great idea, and governments should only step in to regulate the space to prevent fraud:


“… I’m for the least amount of regulation. I don’t know what’s gonna happen to cryptocurrencies. I think it’s a great idea. And I only have one rule: no fraud … I think that the government has a role. And [if] somebody has a case that there is fraud, I think it should be investigated …  What I want to do is legalize the freedom of choice, absent blatant fraud.”

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? Daily Crypto Calendar, July, 16th?

The new EQL BEP-2 total supply will be 665,059,059.35937 EQL.

“Particl is hardforking on the 16th of July at 12:00:00 UTC to move its RingCT and Bulletproofs #privacy protocols on mainnet!”

“Enjoy 50% APR for 1 day. The snapshot will be taken at 9:00am, July 16(PDT) sharp.”

“Join us this coming Tuesday in the Ethos Telegram Channel for a Community AMA. We’ll be collecting questions for Shingo & Capone to answer”

ABBC launches Buyaladdin, their online shopping platform, at the Rockefeller Center in NYC.

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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 currently consolidating just upper the major resistance line at 0.24$ while the BTC is having a very nice bounce. It is becoming hard for all the altcoins and STEEM is not better than other and is sometimes even worst. What to say, we have to wait for better days, the market doesn’t really care currently for the altcoin market and I really don’t know how many time it will last like that. Courage and perhaps focus on the BTC if you want do short term trades.

image.png

Last Updates

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Are You Buying Netflix Into Earnings???

Stocks are hitting record highs right now. All three major indexes surged this week following Fed Chair Jerome Powell’s strong rate cut signals.  But even at these elevated levels, it’s still possible to find stocks with significant upside potential for the months ahead. Goldman Sachs analyst Heath Terry has a top-notch reputation when it comes to stock picking.

One stock that Terry believes has more upside is Netflix.  After a monster first quarter, Netflix has been stuck in the mud.  However, here is what Heath had to say about Netflix.

Streaming giant Netflix is another top stock on Terry’s buy list. With a $460 price target, the analyst is forecasting 23% upside potential for shares.

“We continue to believe Netflix’s investment in content, technology and distribution will continue to drive subscriber growth well above consensus expectations both in the U.S. and internationally,” Terry told investors earlier this year when he added the stock to the firm’s Conviction list.

Source

The market makers are pricing in a $25 move in either direction after earnings later this week. Regardless, the potential levels to pay attention to are the daily supply at $402 and the daily demand at $313.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

? Daily Crypto News, July, 12th?

  • Trump Tweeting About Bitcoin is ‘Achievement Unlocked,’ Says Coinbase CEO ;
  • Fed Chairman Jerome Powell Compares Bitcoin to Gold ;
  • Bitcoin Mining Industry is Booming as Difficulty Soars 14% to New High ;
  • Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage ;
  • How Bitcoin Might Help the World’s Oppressed Sidestep Censorship – in Space ;
  • ? Daily Crypto Calendar, July, 12th?
  • STEEM Trading Update

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

? Trump Tweeting About Bitcoin is ‘Achievement Unlocked,’ Says Coinbase CEO

Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12.


In the hours after the United States’ president delivered his lackluster appraisal of crypto, the Bitcoin price stayed stable, only to then begin growing to hit 1% gains Friday. 


Negative or not, for proponents, the event marked a psychological milestone for Bitcoin, as Trump had previously held off from mentioning it in public. 

? Fed Chairman Jerome Powell Compares Bitcoin to Gold

Federal Reserve Chairman Jerome Powell said he can envision a return to an era where multiple currencies are in use in the United States.


During Powell’s testimony before the Senate Banking Committee on Facebook’s planned Libra cryptocurrency, he said: “The size of Facebook’s network means it could be, essentially, immediately systemically important.”


Though the initiative raised “a lot of serious concerns,” including privacy, money laundering, consumer protection, and financial stability, he began to speak favorably about other cryptocurrencies.

? Bitcoin Mining Industry is Booming as Difficulty Soars 14% to New High+

Mining difficulty on the Bitcoin (BTC) network has taken its steepest upturn in almost a year, data from major Chinese mining pool BTC.com reveals.


On July 9, difficulty surged by over 14% to hit 9.06 trillion (9.06 T), at an average hash rate of 64.85 EH/s — a new all-time-high in the network’s history.


The last time the network posted such a sharp increase in block producing difficulty was back in late July 2018, when it soared almost 15% over a 2,016 block interval. 
At that time, however, average hash rate was at 42.59 EH/s and absolute difficulty was at a significantly lower 5.95 T.

? Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage

Anchorage, a company providing crypto custody services for institutional investors, has just raised $40 million in a Series B funding round.


In an announcement Wednesday, the firm said the round was led by Blockchain Capital, with Visa Inc. and existing investors such as Andreessen Horowitz also participating. Anchorage has now raised $57 million in total funding since 2017.


Diogo Monica, Anchorage co-founder and president, said:


“Our mission at Anchorage is to advance institutional participation in the digital asset class, and this funding will improve our ability to do precisely that. To have the support of pioneering organizations like Visa and Blockchain Capital is a validation of Anchorage’s vision for the emerging economy of digital assets.”

? How Bitcoin Might Help the World’s Oppressed Sidestep Censorship – in Space

A loose group of developers are testing out the idea that the combination of bitcoin and orbital communication might provide a means for stopping governments or other powerful entities from suppressing news they don’t like.


Censorship is a worldwide problem, with one of the more recent examples include a new law strengthening the Russian government’s control over the internet, which pundits worry will be used to censor information that reflects poorly on it. As such, technologists have long tried to chip away at this problem with technology that ranges from privacy browser Tor to the walkie-talkie messaging app Zello, the latter of which Venezuelans used to read information that’s uncontrolled by the government and to organize protests a few years back.


A more recent effort is being waged by a small but global group of developers who are sending messages using satellites paired with software from the bitcoin technology startup Blockstream, initially deployed with the grand goal of allowing people worldwide access to bitcoin even if they didn’t have internet.

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? Daily Crypto Calendar, July, 12th?

“Third (stage 3 at block 1 500 000) reduction of POW miner’s reward,” in Q3 2019.

HUOBI Listing

“We are hosting an AMA this Friday, July 12th at 3:00 pm EST here on Reddit to go over an agenda of items and answer community questions.”

HarmonyAsia Korea from July 12 – 18.

“Ask us anything! Live Telegram AMA Friday 12 July starting at 8:00 AM GMT”

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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 correction is still in progress on the STEEM and looks really powerfull. Today we broke the support line around 0.29$ and we are continuing to drop. We have a high risk now to go in the direction of the 0.24$ support line in red… yeah it is really low but we don’t have real support before. Let’s see !

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Last Updates

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? Daily Crypto News, July, 11th?

  • Coinbase Is in Talks to Launch Its Own Insurance Company ;
  • Binance Officially Launches Its 2.0 Platform With Margin Trading ;
  • US SEC Approves Blockstack Token Offering Under Regulation A+ ;
  • Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage ;
  • Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project ;
  • ? Daily Crypto Calendar, July, 11th?
  • STEEM Trading Update

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

? Coinbase Is in Talks to Launch Its Own Insurance Company

The takeaway:


Coinbase is exploring plans to set up its own “captive” insurance company, industry sources said.


At the start of this year, insurance broker Aon began establishing captive companies in the Cayman Islands, working with a handful of cryptocurrency firms.


Aon says a captive structure can help firms get access to additional coverage at more reasonable prices.


Insurance for crypto remains scarce, and major exchanges Kraken and Huobi say they simply self-insure by setting aside coins to cover losses from thefts or hacks.

? Binance Officially Launches Its 2.0 Platform With Margin Trading

Top crypto exchange Binance has launched its margin trading platform, an official blog post published today, July 11, reveals.


Binance’s move to expand trading possibilities to meet the full scope of institutional and retail traders’ needs had already been indicated by exchange CEO Changpeng Zhao this May — the same month the exchange had suffered a major hack incurring $41 million in losses.


In today’s announcement, Binance notes that margin trading — which allows exchange account holders to use their existing balances as collateral to open both long and short positions on crypto assets — can significantly amplify profit potential as compared with regular trading. 

? US SEC Approves Blockstack Token Offering Under Regulation A+

The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to a report by The Wall Street Journal (WSJ) on July 10.


Blockstack will reportedly launch its token offering online tomorrow, July 11. While other firms have previously taken advantage of Regulation A+ funding, this marks the first time that investors will receive a token, rather than shares in the company.


Regulation A+ is an initial public offering (IPO) alternative geared towards startups in need of early funding. Regulation A+ funding was introduced in 2012 via the “Jumpstart Our Business Startups Act.” As the report says, any member of the public can partake in a Regulation A+ funding round.

? Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage

Anchorage, a company providing crypto custody services for institutional investors, has just raised $40 million in a Series B funding round.


In an announcement Wednesday, the firm said the round was led by Blockchain Capital, with Visa Inc. and existing investors such as Andreessen Horowitz also participating. Anchorage has now raised $57 million in total funding since 2017.


Diogo Monica, Anchorage co-founder and president, said:


“Our mission at Anchorage is to advance institutional participation in the digital asset class, and this funding will improve our ability to do precisely that. To have the support of pioneering organizations like Visa and Blockchain Capital is a validation of Anchorage’s vision for the emerging economy of digital assets.”

? Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency.


“We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday.


Tyler added that in their view, Libra is a harbinger of cryptos to come:


“Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have a coin or be working on some sort of project.”

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? Daily Crypto Calendar, July, 11th?

6th Airdrop Snapshot

ColossusXT will be listed on SWFT Blockchain. $COLX can be bought with almost 200 different cryptocurrencies on SWFT app.

“On July 11th, $NULS will be holding our Basic and Business Application Module Workshop in San Jose, CA.”

Learn how to create your MRC20 token and how to deploy a smart contract for ICO in Mchain.

“6 Days to go till RIDE opens up new features for the #Waves ecosystem’s users!”

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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

I was saying you since days that the market was trying to break the support line at 0.34$, it is now done and as expected, we are droping heavly… That line became a major support line over the weeks and the break of it is again a very negative signal for the value of the STEEM… Lot of altcoins are using the excuse of a small correction on the BTC to have important drop but as always for correction, STEEM is again one of the best.

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Last Updates

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? Daily Crypto News, July, 10th?

  • Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High ;
  • IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity ;
  • Facebook to Senators: Libra Crypto Will Respect Consumer Privacy ;
  • Bitcoin’s Mining Difficulty Just Posted Its Biggest Increase Since 2018 ;
  • Facebook Has No Plans for Calibra or Cryptocurrency in India ;
  • ? Daily Crypto Calendar, July, 10th?
  • STEEM Trading Update

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

? Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High

View

Bitcoin’s violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880.


Prices reinforced the bull breakout with a successful defense of the former resistance-turned-support of $12,061 soon before press time.


Bitcoin’s dominance rate has spiked to 27-month highs, backing the uptrend in prices.


A high-volume UTC close below $12,000 would abort the bullish view.

? IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity

The United States’ Internal Revenue Service (IRS) is allegedly considering requiring tech giants to report on crypto activity by users, according to a presentation reportedly from an IRS presentation and provided by a Twitter user on July 9.


According to the documents shared, the IRS hopes to use Grand Jury subpoenas on firms such as Apple, Google and Microsoft to check taxpayers’ download history for crypto-related applications.


Known as Crypto Tax Girl, Laura Walter, certified public accountant and crypto tax specialist, tweeted the presentation, which was allegedly for agents in the IRS’s Criminal Investigation division.

? Facebook to Senators: Libra Crypto Will Respect Consumer Privacy

Facebook blockchain lead David Marcus told U.S. lawmakers that the social media giant plagued by privacy scandals won’t have access to personal financial information with its new cryptocurrency.


In a letter dated Monday to the Senate Banking Committee responding to pointed questions the lawmakers sent in May, Marcus took a diplomatic tone, acknowledging the panel’s concerns about data privacy and telling them:


“I want to give you my personal assurance that we are committed to taking the time to do this right.”


A similar letter was sent to the House Financial Services Committee, the Hill reported earlier Tuesday.

? Bitcoin’s Mining Difficulty Just Posted Its Biggest Increase Since 2018

Bitcoin mining difficulty – a measure of how hard it is to compete for mining rewards on the world’s first blockchain network – has posted its largest two-week increase in 12 months.


According to BTC.com data, mining difficulty reached 9.06 trillion (T) at block height 584,640 around 9:17 UTC on July 9, surpassing the previous record of 7.93 T by 14.23 percent. This was the strongest growth in any two-week period since August 2018 – a sign that competition among miners is not only intensifying but doing so at an accelerated rate.


The bitcoin network is designed to adjust its mining difficulty every 2,016 blocks (roughly 14 days) based on the participating mining power in each cycle, in order to ensure the block-producing time at the next period stays at about every 10 minutes.

? Facebook Has No Plans for Calibra or Cryptocurrency in India

Facebook Inc has no plans to offer its Calibra digital wallet services in its largest market, India, the social giant said, just as a top government official expressed skepticism about its newly-announced cryptocurrency Libra.

“There are no plans to offer Calibra in India,” a Facebook spokesman said in an email, effectively ruling out the rollout of its Libra cryptocurrency in the country. “As you may know, there are local restrictions within India that made a launch of Calibra not possible at this time.”

India’s central bank, the Reserve Bank of India, has banned banks from dealing in cryptocurrencies but informal networks abound. In an effort to curb them, the government is proposing a law with stringent penalties, including prison sentences of up to 10 years. Subhash Garg, the country’s economic affairs secretary, said in an interview to Bloomberg that India would not be comfortable with a private cryptocurrency.

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? Daily Crypto Calendar, July, 10th?

The mainnet launch will be the kickoff for enterprises to provide their idle cloud resources in the Ankr application.

“In 104 hours $Waves blockchain is going to change forever! just 4 days. #dapps are coming home to #wavesplatform.”

Zcoin releases version 13.8.1.

“On July 10, PundiX and Binance will have a meetup in Medellin Colombia ”

“Interested in building on #EOSIO? Join us on July 10th from 8-10am (HKT) for a walkthrough of all you need to know about getting started.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So most of the altcoins are still in depression mode and for sure it is also the case on the STEEM. Since yesterday, we are trying to break the support around 0.34$ but till now, we are lucky and that line is holding us. For how many times, I really don’t know but let’s at least enjoy that little positive news.

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Last Updates

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? Daily Crypto News, July, 9th?

  • Bitcoin Price Hits $12.8K as Major Investor Says $100K Quite Easy by 2021 ;
  • Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum ;
  • NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim ;
  • US SEC and FINRA Issue Statement on Crypto Custody Issues ;
  • Lawmakers Push for New Bitcoin Rules ;
  • ? Daily Crypto Calendar, July, 9th?
  • STEEM Trading Update

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

? Bitcoin Price Hits $12.8K as Major Investor Says $100K Quite Easy by 2021

Bitcoin price (BTC) felt more bullish than ever June 9 after another 24 hours of upside propelled markets close to $13,000.

Market visualization courtesy of Coin360

Data from Coin360 painted a rosy picture for cryptocurrency traders, with bitcoin still leading the way in terms of daily gains. 

At press time, BTC/USD was up 11% versus Monday on $12,666. The pair had reached as high as $12,707 before a slight pullback below the $12,700 barrier. 

Bitcoin 7-day price chart

? Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum

In 2015, the Ethereum public mainnet launched, followed by a raft of private blockchain offerings targeting the enterprise. This opened the floodgates on companies prioritizing collaboration, funding long-overdue digitization efforts, and extending business processes across corporate borders.


Today, a new epoch of system integration is underway. However, efforts to make blockchain technology enterprise-friendly split the community into two camps: public networks versus private networks. The dichotomy was wrong-headed from the start, making it easy to believe that public blockchain networks shouldn’t be used in confidential business operations and that private networks were safe and secure.


The first belief is wrong, and the second is dangerous.

? NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim

The New York Attorney General’s Office (NYAG) has submitted new evidence in its aim to prove that crypto exchange Bitfinex and Tether had served New York customers longer than they claimed.


As part of the NYAG’s ongoing investigation into Bitfinex and Tether, the NYAG filed a Memorandum of Law in Opposition, an affirmation, as well as a total of 28 pieces of exhibits on July 8, with the New York Supreme Court.


The NYAG said in the new documents:
“Even a cursory examination of the facts gathered to date in the OAG’ s investigation shows that Respondents have extensive and consistent contacts to New York concerning the matters under investigation.”

? US SEC and FINRA Issue Statement on Crypto Custody Issues

SThe United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) outlined regulatory compliance issues for cryptocurrency custodians in an announcement on July 8.


According to the joint statement, the organizations have yet to discover a set of circumstances in which a crypto custodian could comply with the SEC’s Customer Protection Rule, which is described as follows:


“Put simply, the Customer Protection Rule requires broker-dealers to safeguard customer assets and to keep customer assets separate from the firm’s assets, thus increasing the likelihood that customers’ securities and cash can be returned to them in the event of the broker-dealer’s failure.”

? Lawmakers Push for New Bitcoin Rules

The Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry. Congress is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.

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? Daily Crypto Calendar, July, 9th?

“Stay tuned because we have a great announcement for you on July 9th!”

“#BountyProgram starting on 9th July”

Voyager and Ethos YouTube livestream community Q&A at 3 PM (EST).

Dapp competition submit your ideas by 9th of July.

“Chainlink Integration Engineer Thomas Hodges is leading a meetup in Plano, TX next Tue July 9th.”

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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 market is currently trying to break the support line at 0.34$… It is quiet sad because when BTC is doing nice UP, STEEM is dropping and when BTC is doing a correction, STEEM is droping also… To resume it, we are not able anymore to add value to our blockchain….


I start to be really worry for our little coin because if all of that continue, yeah we will finish to be outside of the Top100, we will have less volume, less investors and all that, whatever the improvements that we will have…

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Last Updates

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Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

Unusual Options Activity In Apple

Shares of Apple (AAPL – Get Report) started off lower on Monday on the back of a negative analyst report. In midday trading, shares are still down more than 2%, just under $200 per share.

Analyst Jun Zhang of Rosenblatt Securities cut his rating on Apple to sell from hold, while maintaining his $150 price target. Based on Friday’s close, that would imply about 26% downside for the iPhone maker.

Zhang contends that Apple will undergo a “fundamental deterioration over the next 6 to 12 months.” He further adds that iPhone and iPad growth will be disappointing in the second half of 2019, while Apple’s other products won’t be meaningful enough to make up the shortfall.

Source

We have been hearing this rhetoric for many months, ever since Apple said Apple announced on November 1st that it would no longer be reporting iPhone sales numbers…meaning iPhone units are no longer growing and will start to decline.

Nevertheless, this regurgitated newsflash was enough to send Apple stock down 2% for the day and cause the Smart Money to rush into some short term put options.  Today the Smart Money bought over 35k of put options with a strike price at $185 that expire on August 2nd

This means the Smart Money only make profits if the Apple’s stock price declines another 7%.  Will the Smart Money be right, stay tuned?

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

? Daily Crypto News, July, 9th?

  • Social Network Taringa! Launches Stablecoin Rewards for 27 Million Users ;
  • Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class ;
  • High-Frequency Trading Is New Battleground in Crypto Exchange Race ;
  • Singapore Wants to Drop VAT for Transacting in Cryptocurrencies ;
  • European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra ;
  • ? Daily Crypto Calendar, July, 9th?
  • STEEM Trading Update

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

? Social Network Taringa! Launches Stablecoin Rewards for 27 Million Users

Latin American social networking giant Taringa! has partnered with MakerDAO and e-wallet provider Airtm to launch a stablecoin-powered points system for its 27 million strong user base. 


According to an official Taringa! news release published on July 7, the development was revealed on Friday during the Blockchain Summit Latam in Mexico City.  


The pilot program, dubbed “Taringa! Pioneers,” will reportedly reward users with points for creating popular platform content, which can then be monetized by being converted into MakerDAO’s Ethereum blockchain-based stablecoin DAI

? Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

Coming from an organization so tied to the question of identity (whether real or not), it is surprising that Facebook’s Libra coin seems confused about its own.


The organization has chosen to brand Libra “a stable global cryptocurrency,” and the label “cryptocurrency” has been replicated by media around the world. Yet Libra is not a cryptocurrency.


Don’t get me wrong – those of us in the sector appreciate the global attention given to the concept since the announcement.
But in this case the definition matters beyond semantics: it will affect eventual use cases and regulatory treatment. It could also transform how investors view both stablecoins and blockchain-based securities going forward.


What’s in a name?
First, let’s look at why it’s not a cryptocurrency.

? High-Frequency Trading Is New Battleground in Crypto Exchange Race

The Takeaway


High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too.


Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT firms make large profits in the legacy markets.


Crypto exchanges such as ErisX, Huobi and Gemini are trying to attract large algorithmic traders with colocation offers.
Demand for the service is high, but its benefits are a matter of debate, due to the structure of the crypto market.

? Singapore Wants to Drop VAT for Transacting in Cryptocurrencies

Singapore plans to exempt cryptocurrencies that are intended to function as a medium of exchange from Goods and Services Tax (GST) — the local equivalent of Value-Added Tax (VAT).


The news was revealed in a draft e-tax guide published by the Inland Revenue Authority of Singapore (IRAS) on July 5.


The proposed exemption, if accepted, is set to take effect on January 1, 2020, and will overhaul the current system wherein the supply of digital payment tokens is treated as a taxable supply of services. 

? European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra

European Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stablecoin, Bloomberg reports on July 7.


Per Bloomberg, Coeure argued on Sunday in Aix-en-Provence in southern France that allowing for the development of new financial services and asset classes in a regulatory void is irresponsible. He concluded:


“We [financial regulators] have to move more quickly than we’ve been able to do up until now.”


According to Coeure, the development of digital assets has exposed gaps in current financial regulations, and underlines banks’ slow rate of adoption of new technologies:


“All these projects are a rather useful wake-up call for regulators and public authorities, as they encourage us to raise a number of questions and might make us improve the way we do things.”

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? Daily Crypto Calendar, July, 9th?

“The world’s first Generalized State Channel Network is scheduled to go live on July 8th!”

“NULS will release the core chain-creation product ChainBox on 8th July(GMT+8), thereafter, begin NULS 2.0 public beta.”

FintruX globally launches the TruX platform at RISE 2019 in Hong Kong, which is scheduled from July 8-11.

“T-3 days until #BitTorrentSpeed is available for 100 million users around the world!”

Dapp (Decetralized App ) demo day on 8th of July.

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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 stabilizing on the support line at 0.34$ since days now, waiting for the next big move on the BTC. Let’s really hope that the BTC will go up because if it is not the case, I’m sure that this support line at 0.34$ will be broken just in some seconds and that we will go in the direction of the last low around 0.23$. If it is a UP, first objective is the orange resistance line around 0.39$.

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Last Updates

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Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !