? Daily Crypto News, April, 19th?

  • Binance Chain Launches, Firm Expects to Execute Mainnet Swap on April 23;
  • Bitcoin Price Indicator Turns Bullish in First Since Early 2018;
  • Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says;
  • NYDFS: Why We Rejected Bittrex’s Application for a BitLicense;
  • US Presidential Candidate Andrew Yang Calls for Clear Crypto Regulations;
  • ? Daily Crypto Calendar, April, 19th?
  • STEEM Trading Update

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

? Binance Chain Launches, Firm Expects to Execute Mainnet Swap on April 23

Binance has launched its mainnet Binance Chain and expects to execute the swap of its native token Binance Coin (BNB) on April 23, according to an announcement on April 18.


The major crypto exchange first revealed its plans to launch its own blockchain in December 2018, intending to build a basis for issuing new cryptocurrencies and initial coin offering tokens.


According to the announcement, Binance is producing blocks with consensus from the genesis block as of today, with its native coin BNB planned to be issued in the genesis block.


Binance Chain Explorer and Web Wallet will be available to selected partners in beta testing mode and are expected to be opened to public access “around April 23, 2019,” the announcement notes.

? Bitcoin Price Indicator Turns Bullish in First Since Early 2018

Bitcoin’s two-week moving average convergence divergence (MACD) histogram has turned positive for the first time since early February 2018, signaling a longer-term bearish-to-bullish trend change.

While the MACD is a lagging indicator, the historical data indicates the previous bull market began following a positive crossover on the indicator.

In the short term, BTC’s hourly chart indicators have turned bearish, so a drop to $5,000 could be seen in the next day or two if crucial support below $5,200 is breached.

Prices may still rise to recent highs above $5,400 if the bulls can defend the that support level and drive price upwards.

? Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says

Donald Tapscott, executive chairman of the Blockchain Research Institute,  stated that the official Chinese currency, the renminbi (RMB), will become a cryptocurrency, in an interview with Bloomberg on April 17.
In the interview, Tapscott revealed that he had recently been at a meeting with the vice-chairman of the Communist Party in China, who recalled that President Xi Jinping thinks that blockchain is one of the most important technologies for the future of the country.


Speaking about the government’s ban on cryptocurrency exchanges, Tapscott outlined that China is considering to ban cryptocurrency mining as well, and added:


“It’s not really necessary to do that [to ban exchanges and mining] because in 20 years we are not going to be using bitcoin in China. Chinese people will use the RMB, only the RMB will become a cryptocurrency. The central bank of China will turn it into a digital currency.”

?NYDFS: Why We Rejected Bittrex’s Application for a BitLicense

Bittrex purportedly aims to get the facts straight about the denial of its license applications by the New York State Department of Financial Services (DFS) in recent statements to the media (including CoinDesk). But, the cryptocurrency exchange leaves out the context necessary to understand its failures to comply with DFS’s licensing requirements, it continues to misstate the facts and it presents a misleading picture about the denial.


First, Bittrex claims that DFS did not provide guidance to the company and that the company’s applications sat on DFS’s desk “for years.” These statements are untrue.


Bittrex either misunderstands or misrepresents the meaning of guidance from a regulator in the context of a license application. DFS’s guidance consists of informing an applicant of the regulatory requirements for a license and pointing out deficiencies that need to be addressed before a license is granted. The corrective work to address deficiencies remains the applicant’s responsibility.

? US Presidential Candidate Andrew Yang Calls for Clear Crypto Regulations

Andrew Yang, a United States Democratic presidential candidate for the 2020 elections, is advocating for clear regulations on digital assets. Yang put the key operative points in a policy published on his campaign website.


Yang — an entrepreneur who contributed $120,000 to establish Venture For America (VFA), an accelerator aimed at building new startups in emerging cities — is running for president in 2020. As part of his presidential campaign, Yang stands for the implementation of cryptocurrency and digital assets regulation in the country.


In the release, Yang outlines that the government has failed to develop and launch a national framework for regulating digital assets, while several federal agencies claim conflicting jurisdictions. Yang stresses the need to define how digital assets should be treated and regulated in order to ensure that investors proceed with all the relevant information.

Yang said:
“We should let investors, companies, and individuals know what the landscape and treatment will be moving forward to support innovation and development. The blockchain has vast potential.”

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? Daily Crypto Calendar, April, 19th?

Our testnet launch includes Wallet BETA (Desktop & MAC version) testing and DApps (Decentralized Application) testing.

DigiByte Global summit will be live streamed on https://vimeo.com/330997656 at 12 noon GMT.

Binance hosts NavCoin for an AMA event (in Spanish).

“Deposit & Withdrawal to start at 22:00 p.m. EDT on Apr 17th, 2019. Trading to start at 10:00 a.m. EDT on Apr 19th 2019.”

ANON performs coin burn, hard coded for block 48,500, on all shielded addresses.

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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 tested the resistance line at 0.43$ several times but we havent been able to break it… So we are staying just under that line, waiting for the volume needed to break it or waiting for the sellers to take the advantage. Let’s see who will win in this battle but for sure we will need a Break Out to know the next direction.

image.png

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? Daily Crypto News, April, 18th?

  • Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings ;
  • Auditor EY Unveils Nightfall, An Ambitious Bid to Bring Business to Ethereum;
  • Coinbase Expands Crypto-to-Crypto Services to 11 More Countries;
  • Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets;
  • Demand for Legal Experts With Blockchain Tech Knowledge is High, Report;
  • ? Daily Crypto Calendar, April, 18th?
  • STEEM Trading Update

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

? Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There wasn’t any determined conclusion to the debates, but the IMF’s Christine Lagarde admitted that cryptocurrencies have shaken the established global financial order.


“People now find that digital payments and keeping their money in digital form is much more suitable to their needs. It means that within a couple of years, given current trends, Swedes will no longer have access to central bank money, because notes are the central bank money.”

? Auditor EY Unveils Nightfall, An Ambitious Bid to Bring Business to Ethereum

Big Four professional services firm EY is rolling out free software designed to help corporate clients use the ethereum blockchain – and it’s taken an unusual step to encourage adoption.


Announced Tuesday, EY’s protocol, internally code-named Nightfall, has been developed over the last year by the consulting firm’s team of over 200 blockchain developers and will be published in May. The protocol was created for such use cases as supply chains, food tracing, transactions between branches of a company and public finance.


Like other enterprise blockchain platforms, Nightfall takes advantage of a technology called zero-knowledge proofs to allow private transactions on a shared ledger. But unlike most such endeavors, EY’s software is intended to run on top of the public ethereum network, not a private variant.

? Coinbase Expands Crypto-to-Crypto Services to 11 More Countries

Major American cryptocurrency exchange and wallet provider Coinbase has expanded its crypto-to-crypto trading to more countries, according to a blog post published on April 17.


Coinbase and its professional trading platform Coinbase Pro have introduced crypto-to-crypto conversions and trading to 11 more countries in Latin America and Southeast Asia. The product is now also available to Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.


Coinbase customers in the aforementioned countries can now store, trade, send, and receive cryptocurrencies. The exchange suggests in the post that cryptocurrencies’ are moving from the current “investment phase” into the “utility phase” following a number of new use cases. Coinbase explains:

?Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.


Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.


By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends to boost the fintech industry to stimulate economic growth.

? Demand for Legal Experts With Blockchain Tech Knowledge is High, Report

Demand for legal experts with blockchain technology knowledge is high, according to Major, Lindsey & Africa managing director Brian Burlant, who recruits for law firms and in-house legal departments. The news was published by legal news and information site Law.com on April 17.


According to Burlant, law firms are having difficulty keeping up with cryptocurrency and blockchain industry demands for lawyers because of a lack of candidates who really understand the technology. Burlant said that a lot of lawyers enter the space from regulatory practices or government, where they were engaged specifically in practices related to cryptocurrencies.

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? Daily Crypto Calendar, April, 18th?

LTO meetup at Mindspace Shoreditch, London discussing the industry in general and sharing insights on getting blockchain intto the masses.

“Join Chainlink and Wanchain as we demo an integration of a chainlinked smart contract that utilizes Wanchain’s cross-chain capability.”

Decent.bet launches its P2P esports platform on the closed beta testnet at the 2019 VeChain Summit in San Francisco.

The COO and CEO of 20|30 join the CEO of LTO at a meetup in London from 18:30 – 21:30 (BST).

“Join us in #aeternity’s main #Telegram tomorrow, 6 PM CEST, to win some prizes in #AE tokens:”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

At the time of writting this article, STEEM is on a little UP trend and we should test the resistance line at 0.43$ very soon now. If we are able to break that resistance line, it would be the first positive sign since days now for the STEEM. Let’s see what will happen in the coming hours. Crossed fingers !

image.png

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? Daily Crypto News, April, 17th?

  • Following Community Poll, Kraken Delists Bitcoin SV;
  • EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins;
  • Craig Wright’s Fight With a Cartoon Bitcoin Astronaut Cat Explained;
  • Gate.io Raises $64 Million for Launch of New Exchange Cryptocurrency;
  • ? Daily Crypto Calendar, April, 17th?
  • STEEM Trading Update

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

? Following Community Poll, Kraken Delists Bitcoin SV

Major United States cryptocurrency exchange Kraken has decided to delist bitcoin (BTC) offshoot bitcoin SV (BSV), the firm announced on April 16.


In an official press release, Kraken said that BSV had “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.” As such, the exchange has decided to delist the currency, which was the result of a hard fork in the bitcoin cash (BTC) network last November.
1. Do I need to report my cryptocurrency trades to the IRS?

You need to report your cryptocurrency activity if you incurred a taxable event during the year. A taxable event is a specific scenario that triggers a tax liability. The below are a list of the taxable events as specified by the IRS 2014 guidance:

Trading cryptocurrency to fiat currency like the U.S. dollar is a taxable event.
Trading cryptocurrency to cryptocurrency is a taxable event (you have to calculate the fair market value in USD at the time of the trade).

Using cryptocurrency for goods and services is a taxable event (again, you have to calculate the fair market value in USD at the time of the trade; you may also end up owing sales tax).

? EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins

Is Coinbase going to solve the thorny challenges of proof-of-stake (PoS) blockchain governance or centralize those systems even further?


That’s the question experts in the space are pondering with the recent announcement that Coinbase Custody will offer staking support for Maker, Tezos and Cosmos. The move means institutional investors will be able to vote on blockchain governance matters directly through their Coinbase accounts.

? Gate.io Raises $64 Million for Launch of New Exchange Cryptocurrency

Crypto exchange Gate.io has raised $64 million worth of crypto assets in seven days for its own exchange cryptocurrency that won’t be launched on a blockchain for at least six months.


One of the oldest Chinese exchanges, Gate.io claimed on Monday that over the last week it was heavily oversubscribed with orders totaling $2.99 billion for the so-called Gate Points, which can be used for offsetting trading fees on the platform.


Moreover, each Gate Point further entitles a holder to receive 2.5 Gate Tokens (GT), the native cryptocurrency of Gatechain, the exchange’s yet-to-be-launched proprietary blockchain. Gate.io says it expects the network to go live in the fourth quarter.

?Craig Wright’s Fight With a Cartoon Bitcoin Astronaut Cat Explained

There’s a legal conflict brewing between outspoken members of the bitcoin community and the controversial computer scientist who claims to be the cryptocurrency’s creator.


It’s a complex story to untangle, but it boils down to Australian computer scientist Craig S. Wright – who has claimed to be bitcoin’s pseudonymous creator since 2016 – sending out legal letters to those community members that have called him a “fraud.”


While several news reports, as early as late 2015, identified Wright as Satoshi, and the lead maintainer of bitcoin at the time Gavin Andresen even lent his credence to the unmasking, security experts rebuked the claim, leaving many in the cryptocurrency community unconvinced. Yet, Wright has continued stating that he is Satoshi and those that believe that to be a false claim have continued to call Wright a liar.

? ConsenSys Is Seeking $200 Million in New Funding: Report

ConsenSys is seeking a funding boost.


Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion.


The Information reports that ConsenSys is pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this year, primarily from contracts with enterprise and government clients. Last December, the Brazilian National Social Development Bank confirmed to CoinDesk it was in talks with ConsenSys.


ConsenSys was previously supported by Lubin’s personal fortune and employed up to 1,200 people in 2018. When the price of ethereum plummeted after the 2017 token boom fizzled, ConsenSys laid off 13 percent of its staff. Following a late-2018 re-organization dubbed “ConsenSys 2.0,” it became clear that partnerships with traditional, external investors were a priority.

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? Daily Crypto Calendar, April, 17th?

Spend holds second AMA on Reddit with updates and announcements.

“Much will be revealed within seven days at our global main net launch — at the birthplace of Aergo at Seoul in South Korea; on April 17…”

Voice Calls in China

“We are pleased to announce that the HERB / KRW pairing will be held on 17 April starting at the @ProBit_Exchange Korean Exchange.”

“Join #Binance CFO @weizhouBinance & @BinanceLabs Partner @hiteck on April 17th at Paris Blockchain Week for a Binance meetup”

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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

Due to the BTC little UP, the support line at 0.41$ corresponding to the previous low has been saved after some hours. We are now in the middle of 2 lines but I would like really see that we are able to go upper than the resistance line at 0.43$ to confirm any Up trend. Till that point, I will stay very cautious about the STEEM which is not moving nicely on each UP of the BTC but is dropping with exageration on each little correction on the BTC.

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? Daily Crypto News, April, 15th?

  • The Bigger Picture Behind Bitcoin’s Latest Price Rebound ;
  • Indian IT Giant Tech Mahindra to Use Samsung’s Nexledger Blockchain: Local Media ;
  • Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research ;
  • Bloomberg: SEC Required Two ETF Funds to Take Blockchain Off Their Tickers ;
  • IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech ;
  • ? Daily Crypto Calendar, April, 15th?
  • STEEM Trading Update

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

?The Bigger Picture Behind Bitcoin’s Latest Price Rebound

What matters is that 10 years after an unidentified software engineer created it, this decentralized system for recording sequences of transactions continues to do its job, block after block, with no authority in charge, no user able to alter past transactions, and no person or entity able to shut it down.

The more this goes on, the more it reinforces the powerful vision behind bitcoin: a peer-to-peer, disintermediated system for exchanging value around the world. And in that context, we can also think of bitcoin the cryptocurrency – differentiated from bitcoin the system – as a unique, provably scare digital asset that expresses the overall value in that vast potential.

Bitcoin is valuable because it exists

A point that’s lost on critics like Novak is that the longer bitcoin simply survives – in the face of the $90 billion valuation that stands as a de facto bounty for hackers to try to take it down, compromise its security or corrupt it – the more its overall value is confirmed.

Bitcoin is progressively proving itself to be an unstoppable, digital system of global exchange, one that functions outside of the traditional national government-mandated system of currency and banking. That status is what gives bitcoin its value.

Of course, the global impact of the bitcoin value exchange system, and therefore its worth to humanity, will be significantly enhanced if adoption advances to a much wider scale and it is used frequently in the world’s transactions. And, yes, a great deal of development work is still needed if it is to ever reach that point.

? Indian IT Giant Tech Mahindra to Use Samsung’s Nexledger Blockchain: Local Media

Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14.


SDS, the systems integration arm of Korean tech behemoth Samsung, allegedly plans to expand the use of its Nexledger blockchain platform in India, the United States and Europe.


As per the agreement, the two companies will reportedly seek more business opportunities in the region. Moreover, Samsung SDS will cooperate with Tech Mahindra on further Nexledger updates.

?Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research

Bitcoin (BTC) prices and altcoin prices could have already hit their lowest point, new analysis from cryptocurrency exchange Binance concluded on April 11.


In the latest edition of its research bulletins, the exchange’s dedicated analytics arm, Binance Research, investigated various current phenomena and trends within cryptocurrency markets.


Among them was correlation between Bitcoin and altcoin prices, data from 2014-2019 confirming that the 90 days to mid-March represented the longest period of high correlation in market history.

?Bloomberg: SEC Required Two ETF Funds to Take Blockchain Off Their Tickers

The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg writes April 12, citing sources familiar with the matter.


The exchange-traded funds (ETFs) of both Amplify and Reality Shares reportedly mentioned blockchain in early filings. Per Bloomberg’s unarmed interlocutors, the two funds were encouraged to change their names at the last minute in 2018.


Despite eliminating the word “blockchain,” the funds’ tickers still refer to the technology. Ampilfy’s funds are traded as BLOK, while the product is described as “transformational data sharing ETF.” Reality Shares are using the title BLCN, depicting its product as “Nasdaq NexGen economy ETF.”

? IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12.


According to the newspaper, the asset called “Learning Coin” will be accessible only within the IMF and World Bank. The coin has no money value and thus is not a real cryptocurrency, the FT underlines.


As the FT has learned, “Learning Coin” was launched in order to better understand the technologies that underlie crypto assets. Its app will serve as a hub where blogs, research, videos and presentations are stored.

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? Daily Crypto Calendar, April, 15th?

“Public launch of Mainframe OS is early April.”

“We are ready to @Coinbase NJ. Our beta test starts in 3 weeks.”

The reward program for PSN 1.0 will end with the final reward block height of 328,000. All ERC20 FSN and P-FSN will be allocated on April 15…

“… The public Mainnet launch is expected during the week of April 15 (final date coming soon)!”

“… At 10:00 AM ET (2:00 PM GMT/UTC) Partners and Platinum Partners will have an exclusive opportunity to buy additional EFIN coins.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are currently sitting exactly on the support line at 0.43$ and we are in waiting mode I think, waiting to see in which direction the BTC will go. Let’s hope it will be a UP Break Out but no one can be sure of the direction. Let’s see what the market will decide and follow the trend, it is always the safest choice.

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Daily Crypto Digest – 007

We often want it so badly that we ruin it before it begins – Random quote.


Yes! It another beautiful day in the fantasyland of cryptocurrency. As a common saying goes ‘a single day is like a month in the cryptoverse’. Personally, I strongly disagree with this during a bear market as the frequency of time you get to keep on checking your portfolio decrease significantly. Well, maybe day-traders won’t agree on this but this is the reality when it comes to investors and swing traders. 

With the recent positives about a bull run being around the corner base on past weeks price spike; I think this saying kind of tally when the bulls are in their full burst. Tempo is raised, a subconscious alarm is set to get up from the bed as earlier as possible, urgency and emotions overshadow the sense of rationality and calculated move/risk.

Cryptocurrencies price are very unpredictable to forecast and require some bit of luck or would it be appropriate if I say “patient”.
I think it more of the patient. Like many investment legends would say: most successful trades are executed after a long waiting period when an opportunity just turn up out of the blue. Don’t take my generalized text for it.

Jesse Livermore has something to say regarding this.

After spending many years in Wall Street and making and losing millions of dollars I want to tell you this: it was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting right!

Source

So what exactly am I trying to point out from this chunk of words? Note – I am no near the position of giving advice on this but if you would take from the word of experts. Then, I think “Patient” is what I could call the action word that sums up this opening context.

Patient; when those bulls are on a fast run so you could make calculated move to dodge their sharp horns.

Patient when the charge upward is so fast your two legs can hardly keep to the ground.

Patient to see the clear picture and determine if the trade is right for you.

Patient, Patient, and Patient!!!But that doesn’t mean the sense of urgency should be lost. Time is essential after all.

Alright.

Let dive into today’s digest.

Discussions you should be part of

Reddit

Pixabay image

The pressure to delist BCH SV got more intense as more influencers are bashing on Craig Wright Satoshi claims.

Some of the exchanges research show to be involved with fake volume.

This project claims to enable the use of Lightning Network by the masses in the foreseeable future.


Youtube

Jamie Dimon testifies about blockchain, cryptocurrency, and consumer security. https://youtu.be/cwDVjIRkklU

Twitter

A very positive tweet about the unrestricted fund transfer using cryptocurrency.

CZ annoyance about Craig Wright claims got really severe.


Some Report and Updates in the News

There is no doubt Ethereum up the game to another level entirely. As much as the introduction of its smart contract brought about many use cases never thought before. Ethereum suffers from huge scalability problem that befalls its predecessor “Bitcoin”.The limitation to scaling according to the fair demand puts the system in a very tight spot of being continually widely used. It would have been the perfect option to tackle this problem right from the core system design, but what is done is done.
In other to remedy this challenges Ethereum is now considering several smaller hard forks.Read the in-depth news on Cointelegraph.


Now, even cryptocurrency wealth can be passed on to offspring.

Only goodness can imagine how much crypto wealth has been lost into oblivion, somewhere on the block(s) of a blockchain but which can never be moved or spent again because of the death of the owner whose private key was buried on the surface of the earth along with him/her.

Cryptocurrency is gaining more and more popularity as a financial tool with different purpose of acquisition, which may be as a payment means, a store of value or long time investment.

People are starting to realize how difficult it is to be pass on without the access to the private key(s) which is generally advised to be kept secret and at different locations making it even more difficult to be discovered by a kin.

One of the fascinating characters of humans is the ability to always making efforts to remedy a problem. Now, many projects are coming to the surface to tackle this issue.

In the news – this project allows crypto inheritance in particular BCH to be passed on to kins. Read about the exciting project now on news.bitcoin.com



Other reports and updates in the news.

Formal engineering executive of PayPal and Google to join the team of the more-awaited Bakkt platform.

Impact of Telegram and Facebook cryptocurrency coins on mass adoption and finance.

Blockstack – a decentralized computing network applied to the U.S securities and exchanges commission to launch a $50 million token sale.

China share plans to curb the mining industry within her region, how will this affect the industry?

Coinbase senior executive is quitting his job after being with the company since 2015.

This digest concludes at this point. Endeavor to always surf around media and discussion rooms to keep up to date.

Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.

Cheers 🙂

Disclaimer

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

? Daily Crypto News, April, 12th?

  • US Energy Department Eyes Blockchain to Prevent Power Plant Cyberattacks ;
  • Bitcoin Drops Back to $5K Price Support After Failed Breakout
  • San Francisco-Based Thor Token Project Shuts Down ;
  • Blockstack Files With SEC to Raise $50 Million in Reg-A+ Crypto Token Sales;
  • US Startup Raises $14.1 Mln for Blockchain-Based Payments Network for Retailers ;
  • ? Daily Crypto Calendar, April, 12th?
  • STEEM Trading Update

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

?US Energy Department Eyes Blockchain to Prevent Power Plant Cyberattacks

Taekion plans to work on other applications, too, that would help secure energy transactions to protect process data at power generation facilities, increase grid reliability and integrate a more decentralized energy infrastructure.


The project is part of the energy department’s Office of Fossil Energy Sensors and Controls program and is funded through the department’s Small Business Innovation Research program.


This is not the first time that the department has looked to explore blockchain for technological improvements. Last year, it partnered with BlockCypher to develop solutions allowing energy transactions to be settled across multiple blockchains.

? Bitcoin Drops Back to $5K Price Support After Failed Breakout

The drop may now have thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year. Had bitcoin’s triangle breakout succeeded, a measured move to $5,800 may have been on the cards. However, bitcoin fell $300 short of that target as buyer volume fell short on the day.


?San Francisco-Based Thor Token Project Shuts Down

San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9.

Thor — which was built on Neo (NEO) — has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of sales, as well as find a new place where it could benefit from more resources.

?Blockstack Files With SEC to Raise $50 Million in Reg-A+ Crypto Token Saleustomers

Muneeb Ali, co-founder and CEO of Blockstack, said in a statement: “We’ve been working with securities lawyers to create a legal framework that can enable blockchain protocols to comply with SEC regulations.”


He continued:


“This can potentially set a precedent for others in the industry, not just for public offerings, but also as a path to launch new public blockchains and establish a path to bootstrapping decentralized ecosystems.”

? US Startup Raises $14.1 Mln for Blockchain-Based Payments Network for Retailers

New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11.


Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge fund Pantera Capital, which recently revealed that it was close to completing funding for its third venture fund, already raising $160 million.


The company intends to create a payment network for retailers that would reduce costs, overhead, and fraudulence by means of blockchain-based settlements. Flexa is also planning to release a mobile application through which customers could conduct operations with cryptocurrencies they already own.

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? Daily Crypto Calendar, April, 12th?

EMC2Me.io Full Release

LTO participates in Odyseey Hackathon 2019 in Gronigen, Netherlands from April 12-14.

“Don’t forget to mark your calendars – exciting announcement event happening on April 12th…”

OKEX cryptocurrency development prospects in Dnipropetrovs’ka oblast, Ukraine from 6-9 PM (GMT+2).

“After the Grand Announcement at the @money2020, we continue the roadshow for our #STO at London’s prominent @UKInvestorShow!”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday, we were testing the support line around 0.49$ but today, due to the drop on the BTC, we broke that support line but also the next support line around 0.43$. We still have a possibility to come back upper that last support line and it will stay a very bad day today for the STEEM with a drop of 10%… What is disapointing with the STEEM is that we have difficulties to go UP during UP trend of the BTC and we are exagerating each DROP of that same BTC… Courage courage dear holders.

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Daily Crypto Digest – 006

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According to Luke Nosek (Co-founder of Pay Pal) – PayPal mission was to create a form of digital money that would live on the internet and move across borders, independent from banks and government.
This mission failed to materialized after oppressions and regulations forced the company to restructure its plan and operations, exposing the side-effect of a decentralized move with a body of pioneers who could be identified or held responsible.

In today’s digest, I will write a short briefing about why it is disastrous to have a central point of governance in a mission-focused decentralized establishment before we look into some recent updates.

One of the mysteries surrounding the creation of Bitcoin is why the pseudonymous creator under the name “Satoshi Nakamoto” never revealed himself and later disappeared into thin air after few years of nurturing his juvenile creation poised for something great.
Looking at the whole picture more logically, one would realize Satoshi decision to maintain this status is a very smart move. 

Hardly, there is no establishment that could never to subjected to government rules. As mentioned above with PayPal. Identified individual leader of an autonomous organization is a weak spot that could easily be attacked by the sovereign power if such establishment begins to pose any threat to their authority.

Now, the question is; should blockchain projects with a decentralized mission have a central governing body?

Asking this question, what quickly comes to mind is; how could there ever be a system or product without its designer(s)?.
Well, it quite impossible. As far as the human understanding can comprehend “there is no creation without its creator”.
So, how could a true decentralized move be established?


In my own view, a blockchain project with a focus on building a decentralized ecosystem hosting of dapps and fundraisings like Ethereum, EOS, and co may maintain a structure of a central governance in the core product development, but should try as much as possible to maintain a distributed network of nodes(actual system hosting database) with no central control or access.

On the other hand, any blockchain project whose mission establishment is to provide an alternative means of money in payments and settlements would have a hard time surviving under the nose of the government and so should try as much as possible to remain in the background.

The ability to print and control money supply is a precious mantle of power wielded by the governments, in that knowledge; Satoshi disappearance gave a good chance to the survival of Bitcoin to potentially “change the world”.

Some discussion you should be part of.

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Reddit

Eric calls for basic Ethereum Foundation transparency.

This is Exquisite! Do you know you will be able to buy a domain with your EOS name in the future?See what people are saying about this.

A good reason why people need to drop their Ether coins for EOS.

Twitter

Do you agree with this tweet by CZ on blockchain and AI being the tools to fight crimes?

How Traditional Stock Market can accelerate cryptocurrency adoption.

High school students being inspired and exposed to blockchain tech. Cool stuff.

Reports and Updates in the News

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The notion of a cashless policy was actualized by the introduction of credit and debit cards. The ease of having your entire savings no matter how big or small directly linked to an 8.5cm plastic flat card is so admirable. It has revolutionized how we handle money. Bringing about new niches in existing businesses. Online businesses were benefited the most. Providing a win-win situation for customers and businesses.

As a process which relies on the use of software and protocols including the internet, it would make a perfect fit to establish additional territory by propagating the use of digital currency or cryptocurrency in payments.

We have seen different kind of project propose or implement this solution, but only a few get fairly adopted.

Busting over the net in recent reports is the Coinbase introduction of a Visa debit card which is able to allow a user with an account on Coinbase spend his cryptocurrency holdings with the exchange in different shops. Read the bullish news now on Coindesk.

EOS to the gig hustlers’ rescue.

If there is any industry that urgently needs the application of blockchain in its operation then, it is the freelance industry. Service providers are been cheated in a lot of artistic ways. 

  • There is a deduction fee of up to 25%.
  • Payments of work done take some while to be received.
  • There is an absence of a fair level of exposure.

Blockchain through proper implementation can address the above-mentioned challenges.

By its funding capabilities and development of a scalable efficient system, EOS took part in a recent funding round conducted by Moonlighting to continue aggressive development of its freelance platform. This move prompted Moonlight to strike another big deal by moving its 700,000 freelancer profiles to the EOS network with individual profile getting linked from the EOS system to the Main database through hashes. Read the in-depth report now on Coindesk.

Other updates in the news

Mozilla beta version of Firefox now blocks web-based cryptojacking.

Augur launch support for DAI stablecoin as part of the major upgrade to its platform.

PewDiePie to begin streaming on the blockchain-based video hosting provider Dlive from April 14.

Telegram launched the private beta of its open blockchain network.

Put some grin on your cheek with this meme as I conclude this digest.

This meme is sourced from a discussion post on Reddit.

Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.
Cheers 🙂

Disclaimer

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


? Daily Crypto News, April, 11th?

  • China’s New Policy Isn’t An Automatic Bitcoin Mining Ban – Here’s Why;
  • This Bitcoin Price Pattern Suggests $5,800 Potential Ahead;
  • IMF Chief Lagarde: Distributed Ledger Technologies Are Shaking the System;
  • Coinbase Crypto Exchange Debuts Visa Card for UK Customers;
  • Electronic Frontier Foundation’s Gennie Gebhart: Blockchain Isn’t the Solution to Data Privacy ;
  • ? Daily Crypto Calendar, April, 11th?
  • STEEM Trading Update

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

? China’s New Policy Isn’t An Automatic Bitcoin Mining Ban – Here’s Why

A draft proposal from China’s economic planning commission labels bitcoin mining as an industry that needs to be “eliminated.” But even if finalized in its current form, this would not automatically amount to an outright mining ban.


While local governments are supposed to follow the commission’s guidance, to take action against an industry they need a basis in the laws of the state, not industrial policy.


Further, there are past examples of “undesirable” industries that were eventually recategorized because phasing them out was found to conflict with local interests.   


Seizing on this, miners are arguing that eliminating their industry would also conflict with local interests, in part because they soak up excess electricity that would otherwise go to waste.

? This Bitcoin Price Pattern Suggests $5,800 Potential Ahead

Bitcoin has cemented a higher low and retained its bullish market structure on the daily chart after a hotly contested close on April 9.


The hourly chart shows bitcoin is trending inside an ascending triangle (typically bullish by nature) with a potential measured move to $5,885.


An exaggerated bullish divergence has formed on the hourly chart, providing additional weight to the likelihood of an imminent bullish breakout.

? IMF Chief Lagarde: Distributed Ledger Technologies Are Shaking the System

International Monetary Fund (IMF) managing director Christine Lagarde has said that blockchain innovators are shaking the traditional financial world and having a clear impact on incumbent players.


Lagarde made her comments in an interview with CNBC on April 10, following a panel devoted to “Money and Payments in the Digital Age,” as part of the 2019 Spring Meetings of the World Bank Group and the IMF in Washington, D.C.


Contributors to the preceding panel, which Lagarde moderated, were co-founder and CEO of crypto finance firm Circle Jeremy Allaire, Sarah Youngwood — chief financial officer of Consumer & Community Banking at JPMorgan Chase — the European Central Bank’s (SCB) Benoît Cœuré, and governor of the Central Bank of Kenya (CBK) Patrick Njoroge.

?Coinbase Crypto Exchange Debuts Visa Card for UK Customers

Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10.


The Coinbase Card is a Visa debit card powered by customers’ Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide. Coinbase instantly converts customers’ cryptocurrency funds into fiat currency in order to complete the purchase.


Coinbase also released the Coinbase Card app for iOS and Android, which links customers’ Coinbase accounts with the app and allows them to choose a particular wallet to fund their Coinbase Card. The app additionally provides access to receipts, transaction summaries, spending categories, and other features. The card reportedly supports all digital assets available to purchase and sell on the Coinbase platform.

? Electronic Frontier Foundation’s Gennie Gebhart: Blockchain Isn’t the Solution to Data Privacy

Facebook is harvesting our data. Cameras track our movements. In New York, landlords want to replace your keys with facial recognition technology. AI, deep fakes, phishing attacks—every day the world looks more like Black Mirror.


Enter the EFF. The Electronic Frontier Foundation, founded way back in 1990, is a non-profit watchdog for “defending civil liberties in the digital world.” They do a mix of advocacy, policy analysis, legal work, and reporting. Their site includes recent stories like “To Search Through Millions of License Plates, Police Should Get a Warrant,” and “Your Fourth Amendment Rights Should Not be Limited by Terms of Service.”


What are some privacy violations that most Americans aren’t thinking about?
You don’t have to travel far from home to find egregious, systematic privacy violations. Right now there’s a bill in Oregon that’s a kind of pay-per-privacy thing that would incentivize you to sell your health data. It’s bad. And in the mainstream media, people are finally talking about how the first citizens in the United States who experience surveillance techniques tend to be low-income, marginalized communities.

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? Daily Crypto Calendar, April, 11th?

AltCoinTrader supports BTT airdrops for current TRX holders. Airdrops occur on the 11th of each month.

“MNPoS will kick in 2 weeks after the release, at block height 2.330.000.”

Holochain meetup in Barcelona from 8 – 10 PM.

“The Matrix Token Swap will officially begin on April 11th, 2019.”

The NEXT.exchange CEO and COO will be holding their first Reddit AMA.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

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Here is the current chart :

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Nothing really special on the STEEM, we are still consolidating around the support line at 0.49$, sometimes lower, sometimes higher. We need to wait a real break out to know the next direction that the STEEM will take. Let’s keep a eye on the BTC also because it looks like the STEEM is directly impacted for any little drop from the BTC, for the UP it is another story…

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? Daily Crypto News, April, 10th?

  • Philippines Now Has 10 Approved Cryptocurrency Exchanges;
  • The Unbelievable Brilliance of Binance;
  • US Subsidiary of EU Crypto Exchange Bitstamp Seals BitLicense From New York Regulator;
  • $60 Million and Rising: China’s Crypto Funds Try Lending to Beat Bear Market;
  • Advocate for Mt Gox Creditors Quits, Saying Bitcoin Payouts Could Take Years ;
  • ? Daily Crypto Calendar, April, 10th?
  • STEEM Trading Update

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

? Philippines Now Has 10 Approved Cryptocurrency Exchanges

The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far. Meanwhile, one of the country’s largest banks now has a bitcoin ATM at one of its main branches. In addition, the Cagayan Economic Zone Authority has independently licensed 24 crypto exchanges.


“When they sell their bitcoin, users will be able to withdraw the money they made in the transaction from the ATM directly. You have to be a UBP account holder and have a crypto wallet (like Coinsph), users who do not have a UBP account can open one in the Ark where the ATM is located”.

?The Unbelievable Brilliance of Binance

Whatever people make of the cryptocurrency exchange Binance and its leader, Changpeng Zhao, the company’s success isn’t just unprecedented, it’s precedent-setting.


Binance, I would argue, is emerging as the case study for growing a cryptocurrency business, a success that’s much needed in a community that spends too much time talking up the potential of its technology and too little time analyzing viable go-to-market strategies that can drive the technological sea change we foresee.


In that regard, I think the market is only just beginning to understand just how visionary Binance is and what its success – in terms of market timing and product impact – says about something we all are striving to find: a model for building scalable and impactful cryptocurrency businesses.

? US Subsidiary of EU Crypto Exchange Bitstamp Seals BitLicense From New York Regulator

The United States subsidiary of major European crypto exchange Bitstamp has been granted a virtual currency license from New York state’s financial regulator, according to an official press release from the New York Department of Financial Services (NYDFS) on April 9.


The license, known as a BitLicense, has been awarded by the NYDFS to Bitstamp USA Inc., a subsidiary of the Luxembourg-registered exchange.


According to the press release, the development makes Bitstamp USA reportedly the nineteenth firm to receive the department’s green light to conduct digital currency operations in New York state. As Reuters today reports, Bitstamp Europe SA was granted a payment institution license back in 2016, which authorized its operations across all 28 EU countries.

?$60 Million and Rising: China’s Crypto Funds Try Lending to Beat Bear Market

The Takeaway:


Crypto investment firms in China have turned to lending for a steady revenue stream to get through the bear market, including Bixin Capital, FBG Capital and Dong Zhao’s DGroup.


Each of these firms currently holds about $15 million worth of outstanding loans originated over the last five months.


Although most of these lenders don’t directly deal with Chinese yuan, they see borrowing demand domestically from retail investors, trading desks and cryptocurrency miners.

? Advocate for Mt Gox Creditors Quits, Saying Bitcoin Payouts Could Take Years

The head of the largest organized creditor group representing the former users of failed bitcoin exchange Mt. Gox is stepping down amid what he described as a protracted legal quagmire that could take years to resolve completely.


Andy Pag, the founder and coordinator of Mt. Gox Legal, told CoinDesk in an exclusive interview this week that he now believes ongoing legal issues – in particular, a single massive claim by startup incubator and former Mt. Gox partner Coinlab – may hold up the crypto exchange’s civil rehabilitation process for up to two more years.


Pag, who started Mt. Gox Legal roughly 18 months ago with the intent to advocate for the reimbursement of creditors, first revealed his opinion of the expected timeline in a private forum post last week, obtained by CoinDesk, which told creditors he would be stepping down from his role as coordinator at the end of the month.

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? Daily Crypto Calendar, April, 10th?

“We will be launching our #marketplace 10 april or earlier.”

“We are pleased to invite you to join our next community town hall on April 10, 2019 at 1:00 p.m. EDT (see below for other timezones).”

Torque releases the open beta of TorquePay, its instant payment gateway.

Join us for the launch of Murmur 2.0, the app will feature faster timelines, Murmur games, video uploads and more.

“Join us on Wednesday 10th April at 19:00 in Kazan, Russia for a Binance meetup!”

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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

Not so bad today. Yes we had a correction but if you look well, we didn’t really break the support line for a long time and we are even now upper than this line. Let’s see what will be done in the coming hours but a UP break out would be nice to have to confim a bounce from that support line.

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Daily Crypto Digest – 005

Hi, beloved reader! Welcome to today’s digest.

It’s another day in the wonderland of cryptocurrency. Unless you are not an active follower, you should be able to observe the newfound market positivity that gives a feel reminiscent of the early days of the previous market cycle.

The optimism in the air is so genuine, ordinary cartel’s manipulation would have a hard time staging it. If this has one message to whisper to you, then “it is to be ready and be vigilant“.

You wouldn’t want to miss the upcoming market uprun especially if you are a type that witnessed the last market boom like me but have little or nothing to show of it.
I am not trying to chill anything to you or persuade you into purchasing anything, and of course it not advisable to give-in to another person’s opinion in the cryptoverse particularly if you don’t know their level of expertise.

I consider myself a very raw amateur who has a lot to learn in many aspects, but if there is only one message to direct at your face, I will scream “be ready“.
Why would I? Because I can resonate with this same feeling. Not taking my emotions and judgment into consideration, the optimism is kind of real, made even more obvious by many indicators, some typical examples are the volume of trades, news of serious accumulation, and RSI signal of an overbought market.

Again! Be ready and be careful.

Enough of the rant!


Let dive into today’s digest about recent activities and report you should know about.


The Digest

As promised in yesterday’s digest, I mentioned introducing another promising EOS dApp I found interesting today. As an individual who tries to keep to his promise. I bring to you a social network dApp called KARMA.

KARMA

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You must have heard about the law of Karma which states; the good or evil you do will one day come back to you.

This exactly is the mission set out to accomplish by KARMA.

In our world full of inequalities of all kinds. Much of the world are less privileged to have what the top people possess, in terms of food, shelter, finance, and a good standard of living.

Many from parts of the third world countries are in extreme poverty others from well-developed countries can hardly imagine. You would hear of a complete family of four members feeding under $5 for a week, some hardly have anything to eat at all. Approximately 3.1 million children die of starvation each year.

This is an astronomical figure if you imagine counting per head basis, for crying out loud Iceland in an independent country with just over 330,000 people.

There is no swift aid that could quickly eradicate this, except if all countries converge to direct extensive spending to remedy this cause. But, since such a move would have a hard chance of being propagated.

Then, it is at the hand of every able person to do his bit and assist the less privilege found around us.

KARMA EOS dapp is established to encourage people to show some affectionate towards the less privileged around them by rewarding their act of goodness through token incentives through the implemented functional reward mechanism in the form of community votes, donations, and sponsorships.
Everyone has some good to show.

Visit https://www.karmaapp.io/ today, download the Andriod or iOS app and start participating in this good cause.

Some information and discussion you should be part of.

Youtube

https://youtu.be/6msFDDC1mEo

This young man has some advice to share with you on how to avoid capitulation in cryptocurrency investing and trading as he did.

https://youtu.be/Pl8OlkkwRpc

Here is an expert view on how blockchain and cryptocurrency are changing money and business (over 1.5 million views).


Reddit

Vitalik thought Craig Wright has a good reason for his behaviors, do you?

Formal Steemit video hosting and streaming service ‘Dlive’ partnered with the most subscribed Youtube channel “PewDiePie”.

u/erjo5055 narrate his unbelievable first-month experience with Brave browser.

Twitter

Do you agree with this tweet opinion that the market bottom had been passed?

What an outstanding definition of a bubble.

Again! China renewed stiff stance on crypto mining, said: ” it is energy wasting”.

News in the Media

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Towards the later period of the ICO bust, exchange listing was a popular announcement that could make an investor or trader skip a complete day meal out of FOMO. It was a strategy many found attractive to multiply coins by scalp or swing trading and then jumping onto the next promising coin.

Those who were lucky enough made riches with this method but the majority who were not were burnt badly (I fall in the later category).

Exchange listing apart from its speculative effect is a good way to give a project more exposure or provide better liquidity.
Recently, one of the largest exchange “Coinbase” announced the listing of three coins namely: Augur, Maker, and EOS, on its open trading service Coinbase Pro.
As a very reputable exchange, this listing is having a somewhat significant impact on the price of these coins over the past 24hrs.
Read the reason for this move now on Cointelegraph.

Entry opportunity for the average Joe.

Decentralization by its core definition has no barrier to entry, no censorship, no single point control. These are the attributes many expected any entity entering the sphere should keep to mind, but that is not the case with leading exchanges. Their operating servers are built with centralized design, customers are kept under some restriction, freezing of account without notification and so on.
This was the case of Bitfinex – a top cryptocurrency exchange with a huge barrier to entry which minimum requirement to start trading was set to $10,000. 

After many persuasion by many traders from different regions, it was reported that the exchange has dissolved the wall to entry and cancel such pre-requisite, paving the way for fleets of traders to join the platform with no minimum required entry fund. Read the in-depth updates on Coindesk.

Other reports in the news

Facebook seeking up to $1 billion in venture capital fund to develop its reported “Facebook Coin”.

Popular Bitcoin wallet Electrum faced an ongoing DoS attack on its servers that reportedly stole millions to date.

Justin Sun donates $1.5 million to Jack Ma Hupan University.

Opera announced the release of a built-in crypto wallet and web3 explorer.

Founder of the now-defunct Mt.Gox exchange reportedly quit his position and sold his claim.

Get some laughter with this meme as I round-up this digest.

Thanks for your time reading the digest.Remember to visit my blog tomorrow for another interesting digest.
Cheers 🙂

Disclaimer

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