? Daily Crypto News, June, 14th?

  • Uber, PayPal, Visa to Back Facebook’s GlobalCoin Cryptocurrency ;
  • $6 Million in Stolen Binance Bitcoin Is On the Move Again ;
  • Marketing Chief Amanda Gutterman Is Latest Exec to Leave ConsenSys ;
  • Bakkt Names Launch Date for Bitcoin Futures Testing ;
  • African insurer won’t work with ‘high-risk’ cryptocurrency mining businsesses ;
  • ? Daily Crypto Calendar, June, 14th?
  • STEEM Trading Update

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

?Uber, PayPal, Visa to Back Facebook’s GlobalCoin Cryptocurrency

Visa, Mastercard, PayPal and Uber are all backing Facebook’s new cryptocurrency, according to a new report.


The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of the new backers will invest roughly $10 million in the project as part of a governing consortium for the cryptocurrency.


Stripe, Booking.com and MercadoLibre are part of the project, according to the Journal, though the report does not specify what their roles are.

? $6 Million in Stolen Binance Bitcoin Is On the Move Again

Hackers are now accessing wallets containing cryptocurrency stolen from Binance in May. Coinfirm, the company that tracked the original few moves in early May has spotted a massive outflow from the original hoard of wallets created on May 7, 2019.


Coinfirm’s CEO, Grant Blaisdell, wrote:


The attack was conducted using diversified techniques including viruses and phishing. According to Binance, stolen funds constituted approximately 2 percent of total BTC holdings of the exchange. In order to prevent user’s funds from being affected and guarantee stable work of the platform, Binance used its SAFU fund to cover the loses. The Secure Asset Fund for Users was established on July 14, 2018 and consists of 10 percent of all trading fees.

? Marketing Chief Amanda Gutterman Is Latest Exec to Leave ConsenSys

Another top executive is leaving ConsenSys.


Chief Marketing Officer Amanda Gutterman is the latest to depart the ethereum venture studio, according to two sources familiar with the matter. A ConsenSys spokesperson later confirmed that Gutterman is stepping down from her role as CMO.


Gutterman becomes the third executive departure in recent months, with Andrew Keys announcing his new project on June 6 and former ConsenSys Ventures head Kavita Gupta stepping away in May.


The blockchain conglomerate, led by ethereum co-founder Joseph Lubin, emerged from a round of layoffs late last year that brought the company’s headcount below 1,000. The Brooklyn-based firm still plays an outsized role in developing the ethereum ecosystem.

? Bakkt Names Launch Date for Bitcoin Futures Testing

Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13.


Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.


“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:


“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”

? African insurer won’t work with ‘high-risk’ cryptocurrency mining businsesses

We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa.


Old Mutual Insure, a pan-African insurance firm, is opting out of insuring the computer equipment used by cryptocurrency mining firms, a local news outlet reports. The insurance firm has taken the decision to refuse insurance, citing the unregulated nature of the industry, and that cryptocurrency is often associated with cybercrime as the main reasons.

? Daily Crypto Calendar, June, 14th?

“We are pleased to announce an update to the Netkoin website will launch on 14 June 2019.”

“Please don’t miss out on this Friday’s AGA held by Nick, GM of Gifto”

“UNCHAIN is a 2 day conference featuring the world‘s leading cryptocurrency and blockchain entrepreneurs.”

Deposit date: 10 June 2019. Listing date: 14 June 2019.

ZG Exchange Listing

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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 we were not able to break the resistance line at 0.43$ and it created a little rejection towards the next support line around 0.415$. Now we can see clearly we are sitting on this new support line. The important point now is to see in which direction we will go. We could use this support line to do a bounce and break the resistance line at 0.43$ or break that support line and again go in the south direction.

image.png

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? Daily Crypto News, June, 13th?

  • Major Cryptocurrencies in The Green as Bitcoin Rallies Over $8,100 ;
  • Bitcoin Price Eyes Chart Pattern That Kicked Off Bull Market in 2015 ;
  • 14 Banks, 5 Tokens: Inside Fnality’s Expansive Vision for Interbank Blockchains ;
  • Ethfinex Launches DAO as Executives Consider Regulatory Landscape ;
  • Indian Government-Backed Program Offers Crypto and Blockchain Course ;
  • ? Daily Crypto Calendar, June, 13th?
  • STEEM Trading Update

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

? Major Cryptocurrencies in The Green as Bitcoin Rallies Over $8,100

Wednesday, June 12 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all in the green. Cryptocurrencies on the whole are trending up today, according to data provided by Coin360.

Market visualization courtesy of Coin360

? Bitcoin Price Eyes Chart Pattern That Kicked Off Bull Market in 2015

Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market.


This time, BTC has already rallied more than 180 percent ahead of the bull cross. As a result, we may not see a big move to the higher side immediately following the confirmation of the bull cross.


Prices could rise to $8,400 in the next 24 hours, having witnessed a bearish channel breakout on Wednesday. A break below key 4-hour chart support at $7,910 would weaken the case for a rise to $8,400.

? 14 Banks, 5 Tokens: Inside Fnality’s Expansive Vision for Interbank Blockchains

The Takeaway:


With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies.
The digitized fiat would be fully collateralized by cash held at central banks and is meant to solve the “cash on ledger” problem faced by other financial blockchain projects.


The consortium says it is open to working with JPMorgan, whose JPM Coin project has similar aims.


Fnality’s tech partner, Clearmatics, is building these systems on a private version of ethereum.

? Ethfinex Launches DAO as Executives Consider Regulatory Landscape

Cryptocurrency exchange Ethfinex, the sister exchange of Bitfinex, has launched a test decentralized autonomous organization (DAO), the company confirmed in a blog post on June 12.


Ethfinex — which earlier this month launched a decentralized over-the-counter (OTC) trading platform — said it wants to decentralize control of its operations.


The DAO was built by DAOstack and is known as efxDAO, with an initial funding budget of $5,000.


“Today we reach an important milestone in our path to decentralised governance of Ethfinex,” the exchange’s community lead, Ben Wilson, wrote in the blog post. Wilson added:


“We have collaborated with decentralisation protocol experts DAOstack to create an experimental funding Decentralised Autonomous Organisation (DAO), efxDAO.”

? Indian Government-Backed Program Offers Crypto and Blockchain Course

An Indian government-initiated program is offering a course for undergraduates to learn about cryptocurrency, blockchains, and their use cases. This 12-week interactive course is free to enroll and learn from. Among the topics covered are Bitcoin basics and consensus. Meanwhile, India’s regulatory framework for cryptocurrency is reportedly ready.

A learning platform called Swayam, which was initiated by the Indian Government’s Ministry of Human Resource Development, is offering a free computer science course on Bitcoin, cryptocurrencies and blockchains. This 12-week undergraduate course entitled “Blockchain Architecture Design and Use Cases” runs from July 29 to Oct. 18. The exam will be on Nov. 17 for those wanting to obtain a certificate from the course. This is an All India Council for Technical Education (AICTE) approved Faculty Development Programme (FDP) course.
Indian Government-Backed Program Offers Crypto and Blockchain Course

? Daily Crypto Calendar, June, 13th?

FinanceX lists XLM with VND and IDR pairs at 10 AM (UTC+7).

LTO Network gives a keynote presentation on LTO x IBM Watson at IBM Think Conference in Amsterdam.

Find out why #blockchain technology is beyond just crypto and FinTech and how it can help as a lever of sustainable development with #NEM…

“Join Qtum Official on June 13th at 4PM UTC for an AMA in the Trust Wallet Telegram group.”

“…The first issue of TENX Tokens to eligible token holders will be carried out on 13 June 2019.”

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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 yesterday I was saying you that the best scenario was a pull back on the support line as consolidation and after the continuation of the UP. We dropped more deeper than the support line but it looks like the market want again come back on that line. We are now sitting on it and we need a break out in one of the directions.

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? Daily Crypto News, June, 11th?

  • Liquid Cryptocurrency Exchange to Host Public Phase of Telegram ICO ;
  • Major Korean Bank Signs MoU With Atomrigs Lab to Explore Crypto Asset Management ;
  • 100 Bitcoin Users Perform What Might Be Largest ‘CoinJoin’ Transaction Ever ;
  • Fraud-Fighting ‘Watchtowers’ to Arrive in Next Bitcoin Lightning Release ;
  • Bitcoin People Directory Lists Crypto-Friendly Merchants ;
  • ? Daily Crypto Calendar, June, 11th?
  • STEEM Trading Update

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

? Liquid Cryptocurrency Exchange to Host Public Phase of Telegram ICO

Cryptocurrency exchange Liquid will reportedly be the first to host encrypted messaging app Telegram’s Gram tokens when they go on public sale, a press release confirmed on June 11.


Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project.


A message from an unofficial TON channel on Telegram wrote that Liquid could be attempting to catch on to the hype surrounding the as-of-yet unreleased token, and that investors should wait for official information from Telegram.

? Major Korean Bank Signs MoU With Atomrigs Lab to Explore Crypto Asset Management

Major South Korean commercial lender KB Kookmin Bank has signed a Memorandum of Understanding with blockchain technology firm Atomrigs Lab to jointly explore digital asset management and protection solutions. The news was released at a press conference at the bank’s office in Seoul on June 11.


The MoU — signed yesterday, June 10, in Seoul — establishes that the two partners will focus on digital asset market growth and new crypto-related businesses, according to Korean news outlet Yonhap News.


Atomrigs Lab is a firm specializing in blockchain development for the financial sector, and has been developing blockchain-based digital asset protection technologies using next-generation cryptography.

? 100 Bitcoin Users Perform What Might Be Largest ‘CoinJoin’ Transaction Ever

The community behind the privacy-centric bitcoin app Wasabi Wallet recently brought together 100 people to collectively execute a “CoinJoin” transaction on bitcoin in what might be the biggest event of its kind.


Some context: bitcoin itself is far from private, as users can, via the blockchain, see where coins are being transferred to and from. One effort to afford greater privacy to transactions is CoinJoin, a long-standing technology first proposed in 2013 by long-time bitcoin idea man and cryptographer Greg Maxwell. The idea is that transactions can be made more private by jumbling a number of different transactions together and then redistributing them.


At 100 transactions, Wasabi Wallet’s effort might be the biggest, but it’s certainly an advancement for the privacy tech as a whole.

? Fraud-Fighting ‘Watchtowers’ to Arrive in Next Bitcoin Lightning Release

So-called lightning network “watchtowers” — a much-anticipated next step for securing the network — are coming soon.

Watchtowers have long been considered a missing piece of bitcoin’s lightning layer, as they’re crucial for squashing fraud on the experimental, off-chain network that could make bitcoin payments faster and more scalable. With version 0.7 of the LND software release coming at an undisclosed date in June, Lightning Labs is launching the most complete build of a network watchtower to date.

When someone uses lightning, it’s necessary for someone using it to remain online to make sure their “counterparty” isn’t trying to steal those funds. But this is obviously a UX nightmare; for example, customers don’t have to monitor their Wells Fargo accounts every day to ensure that they’re not being defrauded.

? Bitcoin People Directory Lists Crypto-Friendly Merchants

The number of businesses accepting cryptocurrencies for goods and services has been growing, particularly for P2P coins such as bitcoin cash. Finding places where you can spend your digital cash is easy thanks to platforms such as Bitcoin People.

Bitcoinpeople.online is a merchant directory listing companies that support payments in bitcoin cash (BCH) and several other major coins and tokens. It’s useful for both potential customers who want to find places to spend their digital currencies and for businesses that are willing to accept digital assets for their products.
If you are a crypto entrepreneur, you can sign up and list your businesses for free. To do so, you need to register with the platform. Creating an account requires you to choose a username and password and provide a valid email address. You can also promote your brand as a featured business on the Bitcoin People homepage and on other relevant pages for about $1 per month.

? Daily Crypto Calendar, June, 11th?

Holochain AMA No. 27 on YouTube at 6 PM (UTC).

Vebitcoin Listing

On June 11th at 00:00 UTC we will reward TRON $TRX holders with 990,000,000 $BTT.

On June 11 and 13, #PundiX Co-Founder and CFO @pundixdanny will participate the panel “What is my #Blockchain” hosted by @LIDTEvents.

MATIC sponsors Hack@IDF hackathon from June 11-13 in Bengaluru, India.

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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 you can see on the chart, the STEEM is doing a nice UP today, and continuing its progression of the last days, ignoring the correction that we experienced yesterday. However, look the chart that I drawed today for you : Be really carefull with that double top pattern. We need to break that line very soon or if it si not the case and that we start to drop now, it will be a very bearish signal…

image.png

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? Daily Crypto News, June, 10th?

  • Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns ;
  • G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto ;
  • MPC Explained: The Bold New Vision for Securing Crypto Money ;
  • I Started the Silk Road Wikipedia Page (Because Bitcoin) – Ryan Singer ;
  • Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon ;
  • ? Daily Crypto Calendar, June, 10th?
  • STEEM Trading Update

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

? Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns

United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrency EOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7.


In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development.


The tweet also hinted that fellow top crypto ADA is next in line to prove itself as a decentralized proof-of-stake (PoS) blockchain system:


“It’s now up to #ADA to launch a truly decentralized #PoS #blockchain. No pressure.”

? G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto

G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan.


The leaders that cosigned the document state that they urge relevant institutions to give greater consideration to crypto assets and consider appropriate action:


“We ask the FSB and standard setting bodies to monitor risks and consider work on additional multilateral responses as needed.”

? MPC Explained: The Bold New Vision for Securing Crypto Money

Advances in cryptography are converging to help developers bring blockchain applications closer to the core decentralizing principles on which this technology is founded.


Inventions such as atomic swapszk-SNARKS and Lightning-based smart contracts are allowing developers to realize the dream of true peer-to-peer transactions in which neither party, nor an outside intermediary, can act maliciously. Witness the rising number of non-custodial and decentralized exchange (DEX) services for trading crypto assets.


This is exciting. But it also shines a light on another big problem that has curtailed the widespread adoption of cryptocurrency and blockchain technology: secure key management.


For too long, the most reliable means of protecting the private keys that afford the holder control over an underlying crypto asset have been too clunky, insufficiently versatile, or difficult to implement on scale. User experience has been sacrificed in return for security.

? I Started the Silk Road Wikipedia Page (Because Bitcoin) – Ryan Singer

? Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon

Debit cards tied to cryptocurrency wallets provide an opportunity to spend your digital coins almost anywhere fiat money is accepted. It’s a working solution, at least until wider adoption comes around. That’s why they’ve become so popular in the crypto community. Challenges of different sorts have negatively affected some of the earlier offerings, but it’s good to see products that have survived and new ones that are gaining traction or are about to enter the market.

During the past year, crypto winter forced businesses to downsize and adjust to unfavorable market and regulatory conditions. Many are still trying to adapt and some are already seeking opportunities elsewhere. For example, the company that issued Shift, arguably the first bitcoin debit card in the U.S. which allowed holders to spend from their Coinbase wallet, is not offering it anymore. It’s now operating under a new brand name, Apto Payments. And in Europe, many card providers suffered a hard blow when Visa terminated Wavecrest’s membership – some have recovered, others are yet to return.

Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon

? Daily Crypto Calendar, June, 10th?

Smart contracts will be enabled on Zilliqa blockchain.

“On Monday, June 10th at 16:00 UTC, validators will vote to upgrade the Stellar Network to Protocol 11!”

Doge Token will be airdropped to Dogecoin holders in 1:10 ratio that register before June 10th 2019.

“Join us for an introduction to three companies building on #Cardano #blockchain, as well as a panel discussion and networking opportunity!”

AMA session with Beni Issembert, Beam CMO, at 7 PM (GMT) on Beam’s YouTube channel.

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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

Today we broke the resistance line at 0.39$ with a nice volume but unfortunalty, the reversal came with low volume but it was enough to remove all the gain of the day. So we are again lower than the resistance line at 0.39. We already dropped too much to do a pull back pattern so let’s see if the market will try to go back quickly break that resistance line. If it is not the case, I’m afraid we go test 0.34$ again.

image.png

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? Daily Crypto News, June, 7th?

  • Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project ;
  • Nearly $10 Million in XRP Stolen in GateHub Hack ;
  • EOS Startup Block.One Is Using Its Billions to Buy Back More Equity ;
  • NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch ;
  • Kodak Launches a Blockchain-Enabled Document Management System ;
  • ? Daily Crypto Calendar, June, 7th?
  • STEEM Trading Update

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

? Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project

More details are now emerging regarding high-level executives for social media giant Facebook’s crypto project, according to a report by CNBC on June 6.


According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing.


The aim of Facebook’s new crypto project, according to advertising on its career descriptions, is to provide a public service centered on accessibility:


“Our ultimate goal is to help billions of people with access to things they don’t have now — that could be things like healthcare, equitable financial services, or new ways to save or share information.”

? Nearly $10 Million in XRP Stolen in GateHub Hack

Hackers have reportedly compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was announced by GateHub in a preliminary statement on June 6.


In the statement, GateHub reveals that it was notified by some of its customers and community members that funds on their wallets had been stolen. The company estimates that hackers managed to compromise around 100 XRP Ledger wallets.
Although the company did not initially identify any nefarious activities on its platform, it began an investigation on the matter, wherein it discovered increased application programming interface (API) calls coming from a small number of IP addresses. This could purportedly be the way the culprit got access to encrypted secret keys.


Community member Thomas Silkjær —  one of those who warned GateHub about the breach — published a report on the hack, revealing that:


“On June 1 we were made aware of a theft of 201,000 XRP … and immediately started investigation. It turned out that the account robbed was managed through Gatehub.net, and that the offending account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k) had stolen substantial amounts from several other XRP accounts, likely to be or have been managed through Gatehub.net.”

? EOS Startup Block.One Is Using Its Billions to Buy Back More Equity

Block.one, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk.


The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful to its business, the source explained.


The source declined to provide further details about who would be joining Block.one’s list of backers.

? NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch

The technology behind the cryptocurrency NEO, formerly known as Antshares, will be completely reconfigured by this time next year.


In April, NEO co-founder Erik Zhang announced that an optimized version of the blockchain network will relaunch as NEO 3.0 in 2020. The underlying infrastructure will be so different that token holders will need to turn in their assets for newly issued tokens.


Zhang told CoinDesk this process will not require know-your-customer (KYC) information, as the Singapore-based NEO Foundation will simply destroy the old assets and airdrop new tokens to designated wallets.

? Kodak Launches a Blockchain-Enabled Document Management System

Kodak’s pivot to blockchain is coming into focus as the legacy camera brand announced its new blockchain-based document management system at a two-day conference in Rochester, New York. Unlike previous Kodak-blockchain announcements, Kodak Document Management Platform is not under license to a third-party and is an actual Kodak product.


The platform, launched under the name Kodak Services for Business, is intended for businesses and governments to store and manage sensitive documents. Kodak Document Management Platform relies on blockchain to provide efficiency and security, according to the company.


The company also claims that the blockchain platform will lead to 20-40% cost savings through automated workflows and decreased human management of content, information, and documents.

? Daily Crypto Calendar, June, 7th?

QLC holders can stake QLC and get Q-GAS starting from June 7, conducted on QLC Chain mainnet wallet.

“We are very happy and excited to announce that on Friday we will launch the Litecoin Cash Bounty Program.”

“It is mandatory that all Zenon Network participants upgrade their wallets to version 1.1 before block 113,864.”

“Burning tokens received for the use of the platform #VEROS FP”

AI for Virtual Assistants Workshop in Ho Chi Minh City on Friday, June 7th.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are continuing to test the support line around 0.34$. Till now this line is holding us but I would prefer that we take some distance from it because we could finish to break it and go directly to the next support line, the 0.31$ level. Let’s see, I don’t think we will be able to break it if the BTC doesn’t drop so again we will wait the master BTC to know the next for STEEM.

image.png

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? Daily Crypto News, June, 6th?

  • Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’ ;
  • Facebook Set to Reveal Own Cryptocurrency in June, Report Says ;
  • $1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot ;
  • Bitcoin’s 2019 Price Run Driven By Real Transaction Growth, Analysis Shows ;
  • President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’ ;
  • ? Daily Crypto Calendar, June, 6th?
  • STEEM Trading Update

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

? Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’

Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5.


Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two,” with the goal to make stablecoins available for more of the world’s currencies.


The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.


Apart from Binance GBP, Binance is reportedly planning to introduce an array of other stablecoins backed by other currencies, with the exception of the U.S. dollar. Explaining the company’s decision, Zhou said that “from the users’ perspective, only certain portions of the world use the dollar. Other users use other currencies, and we feel it should be reflected in stablecoins as well.”

? Facebook Set to Reveal Own Cryptocurrency in June, Report Says

ocial media giant Facebook is said to reveal its own cryptocurrency later this month.


According to a report from The Information on Wednesday, Facebook is poised to unveil its cryptocurrency to the public later in June, which is aimed to allow users to process transactions via the social media channel, and will be offered to Facebook employees who want to be paid in the form of the cryptocurrency.


The report added Facebook is also planning to have physical portals for users to purchase the cryptocurrency, which, according to previous reports, is called GlobalCoin.


In addition, Facebook is reportedly inviting external parties to participate in the network that will empower the cryptocurrency to act as “nodes” for a fee that could be as much as $10 million each.

? $1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot

Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag.


Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens.


However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking. (The agreed-to prices may vary from investor to investor.)


While it’s unclear how many tokens the three Chinese funds bought, or how many investors besides them participated, one source said Polkadot has been able to sell only 70 percent of the intended 500,000 DOT.

? Bitcoin’s 2019 Price Run Driven By Real Transaction Growth, Analysis Shows

An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect.


The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s 24-hour adjusted transaction volume (USD) by the number of its active addresses to identify how much each active address spends in transactions per day on average.


If TAAR is high, then it means each user (active address) is transacting in high notional values, in other words, the network “quantity” (how much is being spent i.e. transaction volume) is high per the “quality” (how many users are spending the funds i.e. active addresses).

? President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’

The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4.


Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth 44.9 million Brazilian reals ($11.5 million) between the National Indian Foundation (FUNAI) and the Federal Fluminense University (UFF), which promoted the creation of a cryptocurrency for indigenous people to use. Bolsonaro delivered his comments during an interview with Ratinho’s SBT show on June 4.


After saying that the Minister acted properly in blocking the project that “wanted to teach the Indian to use bitcoin,” the president was asked by a show participant if he knew what bitcoin was. Bolsonaro replied:


“I do not know what bitcoin is.”

? Daily Crypto Calendar, June, 6th?

Airdrop of UOS tokens to EOS holders ends.

Bithumb Global Listing

OKEx Talks 2019 “The Adoption of Cryptocurrency for Business & Daily Life” from 7-10 PM (GMT +3) in Tallinn, Estonia.

Masternodes implemented

WorkFork Online Hackathon begins at 19:00 (GMT+2).

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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 after the powerfull drop that we experieneced yesterday, we touched and tested the support line at 0.34$ and till now this support is holding us. However, be very carefull, if the BTC is continuing to drop, this support line will be break for sure also on the STEEM. So as I suggested on the BTC, I would advice you to wait to see which will be the next direction because currently this is impossible to know it, just propabilities.

image.png

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? Daily Crypto News, June, 5th?

  • Neo Announces New Consensus Mechanism For Its New Mainnet ;
  • Long-Term Support Level May Struggle to Revive Bitcoin Price Rally
  • The SEC Case Against Kik’s ICO Appears Strong, Experts Say ;
  • Polish Exchange Shuts Down and Disappears With Customers Funds ;
  • Binance Launches Native Trust Wallet on Binance DEX ;
  • ? Daily Crypto Calendar, June, 5th?
  • STEEM Trading Update

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

? Neo Announces New Consensus Mechanism For Its New Mainnet

Chinese-based blockchain platform Neo has implemented a new iteration of its consensus algorithm, the Byzantine Fault Tolerance mechanism (dBFT 2.0), on its mainnet, according to a press release on June 4.


The new algorithm purportedly provides immediate transaction finality. dBFT 2.0 includes a new procedure for reintegrating failed nodes back into the network, and also adds a “commit phase” of consensus, which alleviates forking issues by including a step that forces node assignment to new blocks.


The consensus mechanism dBFT reportedly differs from the ones for top cryptocurrency blockchains Bitcoin and Ethereum because of this commit phase. For Bitcoin, the consensus mechanism is a proof-of-work (PoW) protocol that allows BTC miners to compete on making the next block, which means that there are competing forks on the blockchain.

? Long-Term Support Level May Struggle to Revive Bitcoin Price Rally

Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months.


This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day or two, as both the daily and weekly technical indicators are calling a deeper price pullback.


A UTC close below the 30-day MA would open the doors to $7,000.


If the ongoing recovery from the MA ends with a UTC close above $8,103 (today’s high), BTC may rise to $8,500 in the next couple of days.

? The SEC Case Against Kik’s ICO Appears Strong, Experts Say

The U.S. Securities and Exchange Commission has sued messenger app maker Kik for its $100 million ICO – which the agency contends was an unregistered securities sale – and the regulator appears to have built up a strong case in its initial court move.


In a complaint filed Tuesday, the SEC alleged that Kik violated federal securities law by not registering its kin token sale. In a response, Kik’s general counsel, Eileen Lyon, said that the SEC’s complaint makes a number of inaccurate assumptions which “stretch the Howey test well beyond its definition” and that the agency’s push will not withstand judicial scrutiny.


Nelson Rosario, a principal at Smolinksi Rosario Law, told CoinDesk that the SEC’s complaint against Kik was similar to others brought against other initial coin offerings, in particular with respect to the evidence that the regulator is putting forth.

? Polish Exchange Shuts Down and Disappears With Customers Funds

Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds, local business news outlet money.pl reported on May 31.


Money.pl received an email from one of its readers, who stated that Coinroom —  which was registered in 2016 — ceased operations overnight and disappeared with customers’ money in April. Some users say they had up to 60,000 zloty (around $15,790) in their accounts.


Before ceasing its operations, Coinroom reportedly sent emails to its customers, containing information about contract terminations. Coiroom customers had only one day to withdraw their money, which was in accordance with Coinroom regulations signed by users. However, customers reportedly claim that some of them got only part of the money, while most of them did not receive their funds back at all.

? Binance Launches Native Trust Wallet on Binance DEX

Binance, the world’s second largest crypto exchange by adjusted volume, has released its official Trust Wallet on its decentralized trading platform Binance DEX. The news was revealed in a press release shared with Cointelegraph on June 4.


As previously reported, Binance acquired Trust Wallet — an open source, decentralized wallet that initially offered native support for ethereum (ETH) and ETH-based tokens — in summer 2018. At the time, Binance had revealed its plans to list the wallet as the default wallet on its forthcoming decentralized exchange (DEX) — then still under development.


Since then, the exchange has also rolled out support for multiple cryptocurrencies on Trust Wallet — with plans to support tokens based on protocols using proof-of-stake (PoS) consensus algorithms in future.

? Daily Crypto Calendar, June, 5th?

We will be launching Opacity 1.0 on Wednesday June 5, 2019.

Infrastructure upgrade required by 12 PM (EST) for new Aion kernel release.

Live demo on @PwC_China RA Symposium on Wednesday, Hong Kong. @vechainofficial have developed an NFC solution for @OfficialSbtg limited edit…

Major upgrade of protocol to be forked on block 90800, which is expected around June 5.

Scaling Ethereum workshop at University of Toronto.

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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

Yesterday, exactly like on the BTC chart, we were sitting on a major support line around 0.39$ and the break of it created a powerfull correction. In just some hours, we are about to test the 0.34$ support line which is a drop of more than 10%. Let’s see if that support will hold us or if the purge will continue. We are arriving on a little support on the BTC so we can expect a little stabilization… let’s hope 😉

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? Daily Crypto News, June, 3rd?

  • Maxwell, Wuille Co-Author Proposal for a Big Boost to Bitcoin’s Bandwidth ;
  • EOS Holders Vote to Reduce the Annual Inflation From 5% to 1% ;
  • Why Bitcoin’s ‘Culture War’ Matters ;
  • OKEx Sister Firm OKLink to Launch USD-Pegged Stablecoin USDK ;
  • Binance DEX Will Geoblock Users From 29 Countries, Including the US ;
  • ? Daily Crypto Calendar, June, 3rd?
  • STEEM Trading Update

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

? Maxwell, Wuille Co-Author Proposal for a Big Boost to Bitcoin’s Bandwidth

A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%.


cointelCalled Erlay, the proposed protocol alters the way transactions are relayed so that they use significantly less bandwidth, an important resource for the nodes that make up the network. The authors include The University of British Columbia researcher Gleb Naumenko as well as two bitcoin development heavy-weights: Greg Maxwell and Pieter Wuille.


The way bitcoin works is that nodes across the world tie together to form a network. Under the hood, once a transaction is broadcast, it ripples through this vast network of hardware.

? EOS Holders Vote to Reduce the Annual Inflation From 5% to 1%

EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority.


According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms.


The original purpose of accumulating funds on the aforementioned account was allegedly to have the community vote on how to spend it or even burn it. Still, the proposal claims:


“However, 8 months have past and there is still no defined use for this large quantity of EOS tokens that continues to flow into the eosio.saving account. This large quantity of accumulated tokens has now become excessive and if we continue to allow it to keep growing, it will eventually become an attack vector for the network.”

? Why Bitcoin’s ‘Culture War’ Matters

Let’s talk about bitcoin, toxicity and inclusiveness.


(Boy, my Twitter feed is going to have fun over the next few days.)


To start with, let me take a position: I stand with those people, especially women, who’ve lately been calling out maltreatment from members of the bitcoin community and citing rude and abusive behavior as proof of that community’s lack of inclusiveness. These are people who believe in cryptocurrency technology’s potential but feel discouraged to believe that they belong to the community’s dominant white-male subculture. If this technology is to fulfill its global potential, the community associated with it must confront this problem.


But the real point of this column is not to just defend these critics. It’s to debunk one of the more common positions adopted by those who take issue with their complaints, particularly on Twitter. In doing so, I hope to emphasize just how important the concepts of “community” and “culture” are to the healthy development of crypto technology and the ecosystem growing around it.

? OKEx Sister Firm OKLink to Launch USD-Pegged Stablecoin USDK

Global settlement firm OKLink, a sister company of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.


In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.


On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter.
At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.

? Binance DEX Will Geoblock Users From 29 Countries, Including the US

Global settlement firm OKLink, a sister company of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.


In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.


On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter.
At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.

? Daily Crypto Calendar, June, 3rd?

“The NEO MainNet will be upgraded at 9:00 am on June 3rd, 2019 (GMT).”

“Errands fulfillment and On-demand delivery service will now be fully functional.”

At block 106560 coin emission rate decreases from 7 to 6.5 ZNN.

2,291 OROX burned at 00:00 UTC as part of Cointorox’s on-going revenues burning program. New Total Supply: 5,568,284 OROX.

Mainnet upgrade to optimize DPoS consensus performance and improve node connection stability.

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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 usual the STEEM has some delay but is continuing to follow the BTC? So the resistance line at 0.39$ is now broken and we should go in direction of the resistance line around 0.43$. If the BTC is doing its pullback, we took some distance from our support line so we could do a similar pattern and make a pull back on the 0.39$. Let’s see, this scenario is not mandatory to test the 0.43$ level.

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? Daily Crypto News, May, 31st?

  • Coinbase Now Supports Cryptocurrency Token EOS ;
  • Project Libra: Everything We Know About Facebook’s Cryptocurrency ;
  • How MakerDAO Works ;
  • What to Expect at the SEC’s Blockchain Forum on Friday ;
  • State Farm and USAA Test Blockchain Platform for Insurance Claims Process ;
  • ? Daily Crypto Calendar, May, 31st?
  • STEEM Trading Update

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

? Coinbase Now Supports Cryptocurrency Token EOS

Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30.


The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time.


The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions.

? Project Libra: Everything We Know About Facebook’s Cryptocurrency

The world’s biggest social media company appears dead-set on launching its own cryptocurrency.


Facebook has yet to announce plans publicly but media reports on its crypto ambitions have emerged over the past six months, painting a partial picture of how the social network wants to capitalize on blockchain technology.


In short, a team led by former PayPal president David Marcus is building an asset-backed cryptocurrency, one designed to operate within the company’s existing messaging infrastructure (WhatsApp, Instagram and Facebook Messenger).


The most recent news on the project comes from the BBC, with the British outlet reporting that the cryptocurrency – called “GlobalCoin” internally – will launch in “about a dozen countries by the first quarter of 2020.”

December 2017

August 2018

December 2018

February 2019

April 2019

May 2019

? How MakerDAO Works

? What to Expect at the SEC’s Blockchain Forum on Friday

At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting.


The Securities and Exchange Commission (SEC) will convene its first FinTech Forum Friday at the agency’s headquarters in Washington, D.C., discussing a range of issues related to digital assets and distributed ledger technology (DLT). The speaker roster includes a dozen legal, financial and technical experts, as well as several key SEC officials.


Yet while some see an opportunity to air the industry’s concerns and get a better understanding of the SEC’s perspective, the forum comes at a time when some major crypto firms are taking a more aggressive tack.


“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”

Most notably, crypto startup Circle said this month it had laid off 30 of its employees, blaming “an increasingly restrictive regulatory climate in the United States” as one factor.

? State Farm and USAA Test Blockchain Platform for Insurance Claims Process

United States insurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State Farm announced the development in an official press release on May 30.


The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims.


The platform purportedly allows them to automatically compile total payments, net the balance, and conduct a regularly scheduled payment between insurers. State Farm states that the blockchain solution is being tested with real claims data.

? Daily Crypto Calendar, May, 31st?

“We have a mainnet release expected for May with the AVM and everything is looking good with that.”

“We will enable smart contracts on the mainnet… and share updates on the official date during the latter half of May 2019.”

Instant Cryptocurrency Exchanges.

DAO radio ( on ETH blockchain, people can vote the radio ).

“We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.”

Hydrogen platform will release Hydro Pay and TIDE whitepaper by end of May.

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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

Today, we continued to test the resistance line at 0.43$ but we haven’t been able to stay upper and close a candle on that level. The correction is now starting and we already break 2 support line and we are now under 0.39$. Next support line is at 0.34$ so let’s hope this one will hold us.

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? Daily Crypto News, May, 29th?

  • Major Bitcoin Accumulation Was Underway by Big Money During Crypto Winter ;
  • JPMorgan Adds Privacy Features to Ethereum-Based Quorum Blockchain ;
  • Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges ;
  • Bitcoin’s ‘Toxic’ Twitter ‘Culture War’ Explained ;
  • G20 Countries Start Implementing Unified Crypto Standards ;
  • ? Daily Crypto Calendar, May, 29th?
  • STEEM Trading Update

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

? Major Bitcoin Accumulation Was Underway by Big Money During Crypto Winter

The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip. The analysis was published in a new report from weekly crypto outlet Diar on May 28.


Diar’s analysis begins by comparing bitcoin’s distribution landscape today with data from August 2018, when the top coin was last trading in a circa $8,000 price range. The analysis focuses on so-called “Firm Size” bitcoin wallet addresses — defined as those holding between 1,000 and 10,000 BTC — and notes that such addresses now own over 26% of circulating supply, or $36 billion worth of BTC.

“BTC at $8K: Number of Bitcoins Added/Lost by Band”

? JPMorgan Adds Privacy Features to Ethereum-Based Quorum Blockchain

JPMorgan Chase’s blockchain team has developed a privacy feature for ethereum-based blockchains, obscuring not only how much money is being sent but who is sending it.


Revealed exclusively to CoinDesk, JPMorgan has built an extension to the Zether protocol, a fully decentralized, cryptographic protocol for confidential payments, compatible with ethereum and other smart contract platforms and designed to add a further layer of anonymity to transactions. The New York-based financial institution will open-source the extension Tuesday, and is likely to use it with Quorum, the bank’s homegrown, private version of ethereum.


Zether, which was built by a group of academics and financial technology researchers including Dan Boneh from Stanford University, uses zero-knowledge proofs (ZKPs), a branch of mathematics which allows one party to prove knowledge of some secret value or information without conveying any detail about that secret.

? Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges

Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28.


Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — will reportedly launch in 2020.


In its recent report, Diar suggests that the coin will face demographic challenges as the social media giant’s user base is aging.

Facebook user age distribution. Source: Diar

? Bitcoin’s ‘Toxic’ Twitter ‘Culture War’ Explained

“What the heck! It’s a food fight on here. [Bitcoin developer] Matt Corallo is mad at Blockstream. Ragnar and Giacomo Zucco clubbing people left and right. Wat is going on!?”


This text from a bitcoin enthusiast friend aptly described the confusion on social media platform Twitter in recent days, when leading members of the bitcoin developer and startup ecosystem have been fighting over bitcoin’s “culture” and whether it needs to be changed or improved.


The root of the debate: Does bitcoin have a culture problem? Is there too much “toxicity”? And yet, as Twitter is a free-for-all, there were all sorts of sub-parts to the debate, centering on other questions: Is bitcoin inclusive enough? Why is Twitter so harsh? And what, exactly is bitcoin culture?

**“Bitcoin industry culture is therefore *necessarily* one of extreme skepticism, cynicism, rigorous review, and forthright language,” Woodfine tweeted, adding:**


“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”

? G20 Countries Start Implementing Unified Crypto Standards

As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:

“The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.”

? Daily Crypto Calendar, May, 29th?

“This AMA has been rescheduled to May 29, 2019 due to technical difficulties.”

Q2 AMA session with Zebi CXOs live from new Zebi Hyderabad Office at 11 AM (IST).

Athens A is set to introduce two different backwards-incompatible changes to the network: Increase of Gas Limits and Decrease of Roll Size.

Super Competition is Back! give you the chance to win total prize 1,000 $KCS and 450,000 $PXG. Ends May 29.

Dubai International.

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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

Since the break of the resistance line at 0.39$, the resistance around 0.43$ is blocking us. We can see clearly that it is the blocking zone at this moment but any UP move on the BTC should help us to break also that one. So let’s be patient because as I was saying to one of my readers, we are not anymore in the top 30 so sometimes, we have to wait that the moves on the BTC impact the TOP30 to have our turn with little delay.

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