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? Daily Crypto News, July, 9th?

July 9, 2019 (updated July 9, 2019) Published by
  • 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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Join this new Free To Play on the STEEM Platform !

Unusual Options Activity In Apple

July 9, 2019 Published by

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?

July 8, 2019 (updated July 8, 2019) Published by
  • 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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Join this new Free To Play on the STEEM Platform !

I’m Not A Fan Of The Banks

July 5, 2019 Published by

It’s been easy to hate banks as investments — not only were some of the biggest players bailed out by taxpayers in 2008, but bank stocks and the financial sector more generally have underperformed the broader market for years.

But over the past three months, the financial sector has turned from laggard to leader, rising 5.9%, versus a 3.5% advance for the S&P 500 index SPX, +0.77% , making it the best-performing S&P sector since the start of April, according to FactSet. From the beginning of 2018 through March of this year, the S&P 500 had risen 6%, versus a 7.9% decline for the financial sector.

Within the broader financial sector, Opppenheimer analyst Chris Kotowski is particularly bullish on large banks, writing in a note to clients that “the breadth, stability and quality of [large banks’] earnings has never been better,” even if the market has shown much greater love to other sectors during the current bull market.

Source

I’m not a fan of the banks. I should say, I’m no longer a fan of banks. Earlier in 2018 I went long, the ETF, XLF.

The Financial Select Sector SPDR® Fund, XLF seeks to provide precise exposure to  companies in the  diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (“REITs”); consumer finance; and thrifts and mortgage finance industries. 

But I got out when I saw the banks were not taking advantage of rising interest rates. Banks make loans to borrowers at a higher rate than non-performing assets such as savings accounts and CDs and profit from the difference. However, in an environment in which the yield curve is flattening, Banks’ margins are adversely affected. 

NOTE: When interest rates rise or fall, it’s the short term interest rates that are moving the most. When a Bank issues loans, they are issuing longer term interests rate loans. As short term interest rates rise, Bank margins come under pressure, which affects their profitability.

So even if price breaches the the weekly supply at $28.

XLF has been range bound since mid-2017, so it’s dead money…take your money and invests elsewhere.

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.

How Did Royal Caribbean Cruises Make The List???

July 5, 2019 Published by

With the S&P 500 up more than 19% already this year, investors are scrambling to find the next big winners. According to Wall Street analysts, these stocks could have the most room to run.

CNBC used FactSet to screen the stocks with the highest average 12-month price targets by analysts. To find the names with the highest conviction from Wall Street, CNBC winnowed down the pool by selecting the stocks whose forecast has only gone up in the past three months. Stocks that have fallen in the past three months were also excluded.

To be sure, consensus analyst opinion doesn’t always work and some investors even use it as a contrarian indicator. However, the list gives you an idea of the stocks analysts are most bullish about in meetings with clients.

Source

The company that sparked my interests on the list was Royal Caribbean Cruises because it’s on my long term bear list.

This consumer confidence indicator provides an indication of future developments of households’ consumption and saving, based upon answers regarding their expected financial situation, their sentiment about the general economic situation, unemployment and capability of savings.

Source

If consumer confidence is turning for the worst, discretionary spending will decline. If discretionary spending declines, so will Royal Caribbean Cruises’ revenue. If Royal Caribbean Cruises’ revenue decline, so will its stock price.

The chart suggests if price can close below $112, price will go to $83 over time.

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, 5th?

July 5, 2019 (updated July 5, 2019) Published by
  • June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30% ;
  • Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency ;
  • President Maduro Orders The Bank of Venezuela to Accept Petro Crypto ;
  • Dogecoin Price Surges 37% Following Binance Listing Announcement ;
  • ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin ;
  • ? Daily Crypto Calendar, July, 5th?
  • STEEM Trading Update

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

? June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30%

CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups.


More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from the derivatives marketplace. In 2019 alone, there has been more than 950 new accounts created, marking a 30 percent increase in total client sign-ups, CoinDesk has learned.


In addition, the number of large open interest holders, entities that hold contracts worth at least 25 BTC (worth $280,000 at press time) grew to 49, up from an average of 46 during the last week of June, a new record.

? Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency

At first glance, Facebook’s Libra cryptocurrency doesn’t make sense. 


On its face, it is a non-speculative token which uses enough decentralization to make it difficult if not impossible for Facebook to profit off it as the company does from its social media platform.  


But in crypto, there is always an upside to the people who launch a new protocol, in the event the protocol succeeds and even in many cases for simply having started development of the project.


This article deals specifically and exclusively with that upside, admittedly handwaving aside many other potential issues with the protocol, to be addressed elsewhere.

? President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4.


According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the Bank of Venezuela.” The announcement apparently came during an event celebrating the tenth anniversary of the nationalization of the bank in question.


On June 19, Maduro announced that 924 million bolivars (over $92.5 million) were allocated to the Digital Bank of Youth and Students to open one million Petro wallet accounts for the country’s youth. José Angel Alvarez, president of the country’s National Cryptocurrency Association, commented to cryptocurrency news outlet CCN:


“It is a bold and correct decision to move forward towards a hybrid economy where the fiduciary currency of a country competes face to face with cryptocurrency.”

? Dogecoin Price Surges 37% Following Binance Listing Announcement

The price of the popular dogecoin cryptocurrency is surging after the announcement that it will soon be listed on the Binance exchange.


Binance said in a support notice that trading will open for dogecoin (DOGE) at midday (UTC) Friday.


The exchange will at launch offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), as well as the stablecoins tether (USDT), Paxos standard (PAX) and USD Coin (USDC).


Users can already deposit DOGE in preparation for trading, the exchange said.

? ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin

Veteran gold bug and bitcoin (BTC) skeptic, Peter Schiff, has taken delivery of $1,350 worth the cryptocurrency after the industry sent him donations on July 4.


Schiff, who is well known for warning investors not to trust bitcoin as replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate with Morgan Creek Digital co-founder, Anthony Pompliano.
Pompliano (also known as Pomp), highlighted the fact that Schiff in fact does own some BTC despite his negative comments. 


”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy.”

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? Daily Crypto Calendar, July, 5th?

Create token dapp release ( Everyone Can Create their Own VEX.Token ) on 5th of July.

Live Telegram AMA from 20:00 – 21:00 (GMT + 8).

Software Update

“Prof Steve Deng @SteveDeng_AI and Owen Tao @Owen_Matrix will answer them in Next Friday’s AMA.”

“Join us this Friday afternoon (EST) as special guest Dave Winterstein (co-founder and CEO) takes over the Aion AMA. ”

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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 again trying to break the support line at 0.34$. As we can see, till now that line is doing well its job but I’m not sure it will stay alive long time if we continue to test it like that hours after hours. However, long tests like that can also show that we are reaching a low and that the market doesn’t want go lower. So everything is not always negative but for sure I would like to see the STEEM going UP and take some distance from that support line.

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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 !

? Daily Crypto News, July, 4th?

July 4, 2019 (updated July 4, 2019) Published by
  • Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us ;
  • Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact ;
  • Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021 ;
  • ‘Release the Tape!’: Nouriel Roubini Calls for BitMEX CEO Debate Video ;
  • US Congress Requests Moratorium on Facebook’s Libra Stablecoin ;
  • ? Daily Crypto Calendar, July, 4th?
  • STEEM Trading Update

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

? Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us

Facebook’s David Marcus is pushing back against concerns about the social media giant’s new cryptocurrency project, Libra.
In a note published Wednesday on Facebook, Marcus addressed “a number of questions and a few misunderstandings” about the project.


The social media giant’s blockchain lead also confirmed he would be testifying before both the Senate Banking Committee and the House Financial Services Committee on the project later this month.


In Wednesday’s post, Marcus sought to address a number of issues that have been raised by lawmakers and informed observers alike, including whether Libra is actually decentralized, why there isn’t a charter in place for the Libra Association and whether Libra can actually address financial inclusion.

? Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact

View


Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600.


The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880.


Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours, validating the bearish crossover of the 5- and 10-day moving averages.

? Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.


BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.


Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.

Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.


Changpeng Zhao, founder and CEO of Binance, said in the announcement:


“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”

? ‘Release the Tape!’: Nouriel Roubini Calls for BitMEX CEO Debate Video

NYU professor and noted anti-cryptocurrency economist Nouriel Roubini exploded online last night after a debate with Arthur Hayes, CEO of BitMEX, at the Asia Blockchain Summit in Taipei. The debate, called the “Tangle in Taipei,” was allegedly not streamed live at the behest of the organizers and and Roubini wasn’t having it.

Hayes, for his part, shot back at the economist, further enraging Roubini.

? US Congress Requests Moratorium on Facebook’s Libra Stablecoin

The United States House of Representatives Committee on Financial Services requested Facebook and its partners to stop the development of the Libra stablecoin.


In a July 2 letter addressed to Facebook CEOs Mark Zuckerberg and David Marcus, and COO Sheryl Sandberg, the lawmakers request that Facebook and its partners immediately agree to a moratorium on the development of Libra and its dedicated Calibra wallet. 


The committee claims that the project may lead ”to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar.” The committee notes that it believes such an endeavor could have serious implications:


”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy.”

? Daily Crypto Calendar, July, 4th?

Equal (EQL) will be listed on Binance DEX on 4th July 2019.

100 KBC can be exchanged for 1g of gold.

“Join us together on the evening of 4 July with Cardano Foundation members!”

Japanese language support for the iOS wallet will be released.

“Join us for the IOTA Barbecue Satellite TOA Event in Hafenküche July 4 at 6PM.”

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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 can clearly see that the 0.34$ became an important point on the STEEM chart as support but also as resistance. As I was supposing yesterday, the support line has not really been broken and the market decided to save it some hours after the little break. You can see now that we are upper of that line so let’s see if a bigger candle will come in the coming hours to confirm that we saved that support line.

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Last Updates

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? Daily Crypto News, July, 3rd?

July 3, 2019 (updated July 3, 2019) Published by
  • Advocacy Groups Call on Congress to Stop Libra Development Until July Hearings Take Place ;
  • Ethereum Leaders Are Slowly Courting Gulf Coast Royals and Investors ;
  • Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO ;
  • Gemini to Apply for Broker-Dealer License in Bid to Trade Crypto Securities ;
  • Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t ;
  • ? Daily Crypto Calendar, July, 3rd?
  • STEEM Trading Update

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

? Advocacy Groups Call on Congress to Stop Libra Development Until July Hearings Take Place

Over 30 advocacy groups have appeared as signatories on a request that Congress and regulators implement an official moratorium on Libra development, as per the letter published on July 2.


The letter was also addressed to Facebook, with Mark Zuckerberg himself cc’d, and asked that the social media giant wait until Congress and regulators have scrutinized a detailed presentation of the proposed stablecoin-esque virtual currency.
The letter includes a number of questions that the signatories say need answers before Libra can proceed, including the following:


“The plan for Libra makes explicit and implicit promises to consumers – such as the claim that value will remain stable – but what is to stop the Libra Association from changing policy in order to, for example, degrade the value of Libra or to impose a microtax on every Libra transaction?”

? Ethereum Leaders Are Slowly Courting Gulf Coast Royals and Investors

Ethereum’s leaders are pursuing a “moonshot” in the Middle East.


The Ethereum Foundation’s head of special projects, Virgil Griffith, told CoinDesk the nonprofit is partnering with finance experts in the Gulf Coast to show that the world’s second largest blockchain is compatible with Islamic law. Islamic finance customs adhere to certain beliefs, including the prohibition of earning interest on loaned funds.


The move is seen as a first step toward potentially securing investment from the region’s plutocrats.


“My job is to keep rolling dice,” Griffith told CoinDesk about work to certify ethereum’s Sharia compliance. “Probably nothing will happen. But there’s a hypothetical case where say, the Saudi sovereign wealth fund invests, like, a trillion dollars [in ethereum projects], which would be a real boon. That would be really great.”

? Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.


BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.


Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.

Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.


Changpeng Zhao, founder and CEO of Binance, said in the announcement:


“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”

? Gemini to Apply for Broker-Dealer License in Bid to Trade Crypto Securities

The Winklevoss-owned cryptocurrency exchange Gemini will apply for a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), CoinDesk has learned.


This is the first step toward becoming an approved Alternative Trading System, where customers can lawfully swap digital securities.


Gemini previously partnered with the tokenized securities platform Harbor, which allows institutional investors to buy securities with Gemini’s GUSD stablecoin and to also receive dollar-denominated dividends via GUSD. It stands to reason that Gemini would also want to facilitate the trading of such securities on its own platform.

? Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.


In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms. 


Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid. 


“We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are working on that together with academics,” Reuters quoted economy minister Alejandro Gil Fernandez as saying.

? Daily Crypto Calendar, July, 3rd?

Browser / explorer Launch on 3rd of July.

PC wallet grand launch on 3rd of July.

“On July 3 at 10:00 am GMT+8, CEO and Co-Founder of #PundiX @zibin will host a video session to talk about the progress made in Q2…”

“We are changing the #Celer X @binance AMA schedule to July 3rd 2pm UTC to combine with our Mainnet Exclusive Preview Happy Hour!”

CEO Giacomo Tognoni, will give an overview of Bethereum and the unique solution it brings to both the gaming and the gambling industries.

Live Q&A with Thomas Marchi, Lead Developer of Sentivate. July 3rd at 22:00 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 BTC is doing a bounce from 10k but you know what? STEEM doesn’t want do the same and is dropping… So yeah, technically, the support line at 0.34$ is broken. However we are staying just next to it and so it could be simply a little trap or not a real break of that line. Let’s see if we will be able to be higher than this line in the coming hours.

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Last Updates

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? Daily Crypto News, July, 2nd?

July 2, 2019 (updated July 2, 2019) Published by
  • Binance Exchange to Launch Crypto Futures Trading with 20x Leverage ;
  • Bitcoin Price Dips Below $10K With Deeper Losses Likely ;
  • ‘Disappointed’ by Central Bank Blockchain, Russia’s Largest Bank Eyes Alternatives ;
  • Bitcoin Mining Profits Skyrocketed 24% Last Month, Argo Blockchain Reports ;
  • Is Bitcoin Really Selling for $76,000 in Zimbabwe? ;
  • ? Daily Crypto Calendar, July, 2nd?
  • STEEM Trading Update

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

? Binance Exchange to Launch Crypto Futures Trading with 20x Leverage

Binance, the world’s largest cryptocurrency exchange by trading volume, is soon to launch futures trading.


During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.


“Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks,” he said. Referring to the screenshot of the interface showed on the stage, Zhao added:


“This is an actual screenshot of the working system. So Binance futures is coming.”

? Bitcoin Price Dips Below $10K With Deeper Losses Likely

View


Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday.


The daily chart indicators have turned bearish, while the 4-hour chart is reporting a bearish lower-highs, lower-lows pattern. As a result, the price could slip further toward the former resistance-turned-support of $9,097 (May 30 high) in the next couple of days.


A UTC close below $9,097 would invalidate the bullish setup on the daily chart.


A high-volume break above the falling trendline on the 4-hour chart, currently at $11,100, would shift risk in favor of retest of the recent high of $13,880.

? ‘Disappointed’ by Central Bank Blockchain, Russia’s Largest Bank Eyes Alternatives

The Takeaway


Masterchain, a blockchain project backed by Russia’s central bank, is falling behind on its goals two years after inception.
Sberbank, the leading bank in Russia, is unsatisfied with the system’s speed, security and overall efficiency after testing it.


The bank is looking to shift its work to other enterprise platforms, Sberbank’s blockchain lab head said.

? Bitcoin Mining Profits Skyrocketed 24% Last Month, Argo Blockchain Reports

United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2. 


Argo, which previously said it had benefited from the upturn in bitcoin prices, said revenues would continue to improve over previous estimates. 


“The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019,” the report confirmed. 


“This is an increase of approximately 101% from the Company’s May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.”

? Is Bitcoin Really Selling for $76,000 in Zimbabwe?

Bitcoin traders in Zimbabwe and South Africa are seeing skyrocketing premiums on their bitcoin (BTC), according to a report from financial news outlet Fxstreet on July 2.


Amid new capital controls in South Africa and Zimbabwe’s recent ban on local trading in foreign fiat currencies, local traders have reportedly seen asking prices of as high as $50,000 per 1 BTC if they attempt to purchase the coin from abroad.


At press time, bitcoin is trading above $10,915 on South African crypto exchange Luno, according to CoinMarketCap data — 10.5% above its price point on Cointelegraph’s bitcoin price index.

Meanwhile, other commentators on social media this week claimed that bitcoin is allegedly trading at as high as $76,000 in Zimbabwe — a premium of over 600%. As appears to be corroborated by screenshots from P2P site LocalBitcoins.com shared on Twitter, at least a scattering of traders have attempted to pocket colossal gains at an asking rate of $75-76,000:

Screenshot showing purported BTC asking prices on  LocalBitcoins.com for Zimbabwe-based traders

? Daily Crypto Calendar, July, 2nd?

V1.0 “Narwhal” release, which includes the MainNet and NKN ecosystem.

“@Harmonyprotocol mainnet launch in 25 days!”

“Launch of BeliΞVE Live-Version on the 1st of July 2019”

“Stratis will be releasing our Cirrus Sidechain Masternodes on 1st July”

NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

? Daily Crypto News, July, 1st?

July 1, 2019 (updated July 1, 2019) Published by
  • Cryptocurrency Mobile App Downloads Stall Amid Price Surge ;
  • Bitcoin, Facebook and the End of 20th Century Money ;
  • Monero and Zcash Conferences Showcase Their Differences (And Links) ;
  • First Blockchain Company Gets Listed on Deutsche Börse-Operated Xetra Exchange ;
  • Gemini is Chicago-bound after Coinbase’s exit, but who made the right move? ;
  • ? Steemit Statistics & Big Data: ? End of May 2019 Update ?
  • ? Daily Crypto Calendar, July, 1st?
  • STEEM Trading Update

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

? Cryptocurrency Mobile App Downloads Stall Amid Price Surge

Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28


Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%. 


This growth is not nearly as sharp as that reported in previous years, considering that the first half of 2017 saw 28.2 million crypto apps downloads from 2016’s 15.3 million, a 45% increase.

? Bitcoin, Facebook and the End of 20th Century Money

There is never a dull moment in the world of blockchains and cryptocurrencies.


The two earth-shattering stories of the past two weeks – the launch of the Libra project and the wild swings in the bitcoin market  – might seem like unrelated topics. And, for the most part, the causal impact of the former on the latter is probably not much greater than that of another oft-noted bitcoin price correlation: the avocado chart.


However, the coincidence of these two developments does speak to how globally impactful Satoshi Nakamoto’s invention has now become.


From that wider perspective, these two developments are not at all unrelated. Indeed, they both capture elements of a massive, worldwide financial transformation, all happening at a time of growing economic uncertainty.

? Monero and Zcash Conferences Showcase Their Differences (And Links)

Last weekend, two privacy coin conferences heralded the future of cryptocurrency governance: the hybrid startup model versus grassroots experimentation.


Over 200 people gathered in Croatia for Zcon1, organized by the nonprofit Zcash Foundation, while roughly 75 attendees gathered in Denver for the first Monero Konferenco. These two privacy coins are fundamentally different in a variety of ways on clear display at their respective events.


Zcon1 had a gala dinner with a seaside backdrop and programming that displayed close relations between companies like Facebook and the zcash-centric startup Electronic Coin Company (ECC), as evidenced by Libra being widely discussed with team members in attendance.

? First Blockchain Company Gets Listed on Deutsche Börse-Operated Xetra Exchange

German Blockchain-as-a-Service (Baas) provider Advanced Blockchain AG has become the first blockchain development firm to be listed on Germany’s Xetra digital stock exchange, operated by Deutsche Börse. The news was reported by financial news site DGap on July 1.


The Xetra all-electronic trading system was founded in 1997 for use on the Frankfurt Stock Exchange, but has since expanded to over 200 trading participants from across16 European countries, as well as Hong Kong and the United Arab Emirates. 


According to recent data, Xetra accounted for €131.4 billion ($149 billion) of Deutsche Börse’s total cash markets €146.0 billion ($165 billion) turnover in May 2019, with an average daily Xetra trading volume of €6 billion ($6.79 billion).

? Gemini is Chicago-bound after Coinbase’s exit, but who made the right move?

Gemini is hoping to achieve what rival Coinbase couldn’t: successfully building out a presence in Chicago aimed at luring high-speed traders to the incipient cryptocurrency market. 


The New York-based firm, led by twin brothers Tyler and Cameron Winklevoss, announced Thursday the new outpost for Gemini, which will scale its existing colocation data centers. In an interesting twist of fate, the firm says it has brought on a number of engineers who previously worked for Coinbase’s Chicago office, which was shuttered in April. 


Gemini shooting its shot


A person familiar with the situation told The Block Gemini attempted to recruit several employees who previously worked for Coinbase. They have brought on five, according to reporting by CoinDesk. 

? Steemit Statistics & Big Data: ? End of May 2019 Update ?

We reached 13.19 mn visits in May 2019!

I] Traffic

Daily Steemit Traffic

Steemit Traffic share by country

In the Top 5, the strongest traffic increase came from Venezuela with +9.75% visits!

Find all the analysis and Datas by clicking on this link

? Daily Crypto Calendar, July, 1st?

V1.0 “Narwhal” release, which includes the MainNet and NKN ecosystem.

“@Harmonyprotocol mainnet launch in 25 days!”

“Launch of BeliΞVE Live-Version on the 1st of July 2019”

“Stratis will be releasing our Cirrus Sidechain Masternodes on 1st July”

NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

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