- Bitcoin Hits New 2019 High Above $8,900 ;
- Golden Crossover: XRP Heads for Bullish Chart Pattern as Price Climbs 27% ;
- 0x Teams With StarkWare to Bring Speed to Decentralized Exchanges ;
- The Cat-and-Mouse Game of Crypto Regulation Enters a New Phase ;
- Computer Researcher Finds Wallet Vulnerability That Gave Same Key to Multiple Users ;
- ? Daily Crypto Calendar, May, 28th?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? China’s Latest Crypto Rankings: EOS Retains Top Spot, Bitcoin in 12th Place
China updated its cryptocurrency rankings on May 23 — with eos retaining the top spot and bitcoin moving up three places.
The government-sponsored index assessed each blockchain on three criteria: technology, application and innovation.
Joining EOS in the top five was tron, ether, steem and ontology.
Despite its dominance in the crypto industry overall, Bitcoin was in 12th place. While it scored well for creativity, it placed behind EOS in the score for basic technology.
? Golden Crossover: XRP Heads for Bullish Chart Pattern as Price Climbs 27%
XRP is teasing a long-term bullish reversal, with a surge in price and a bullish chart pattern likely to occur next week.
The world’s third largest cryptocurrency by market capitalization is currently trading at $0.413 on Bitfinex, representing a 27 percent gain on the opening price of $0.3249 seen May 1.
If prices stay above the current level till May 31, the resulting monthly gain would be the biggest since September 2018. Back then, the cryptocurrency had rallied 73 percent from $0.3350 to $0.5820.
The rally seen this month appears modest in front of the stellar gains registered in September 2018. The cryptocurrency, however, may produce much bigger gains in the following months as a widely tracked long-term technical indicator is about to turn bullish.
? 0x Teams With StarkWare to Bring Speed to Decentralized Exchanges
A cryptographic solution called zero-knowledge proofs (ZKP) could help notoriously slow decentralized exchanges (DEXs) reach speeds comparable to more traditional platforms.
San Francisco-based DEX startup 0x is partnering with the Israeli software-as-service company StarkWare to test a ZKP solution called StarkDEX, which can process roughly 500 transactions per second.
StarkWare CEO Uri Kolodny told CoinDesk the goal is clear: “Non-custodial trading at scale.”
Speaking to how ZKPs could be implemented in the 0x DEX ecosystem, 0x marketing lead Matt Taylor told CoinDesk:
“Our goal is that by the end of this year we’ll have this in production, on mainnet, so that people can actually use this technology. … We intend to have this be a core part of the 0x DEX stack.”
? The Cat-and-Mouse Game of Crypto Regulation Enters a New Phase
In the relentless cat-and-mouse game between regulators and cryptocurrency developers, the cats are about to add some serious firepower – this time in the form of a global alliance.
But if you think the intergovernmental Financial Action Task Force’s forthcoming know-your-customer (KYC) compliance standards spell the end for the mice, think again. If anything, the FATF’s move, expected to be released next month, will drive developers to accelerate work on non-custodial exchanges and other tools that will make it easier for end-users to transact directly outside of regulated intermediaries.
As CoinDesk managing editor Marc Hochstein explained last week , the new rules are likely to require exchanges and other custodial entities that take custody of their customers’ cryptocurrency to obtain identifying information about both parties before allowing a transaction over their platforms.
? Computer Researcher Finds Wallet Vulnerability That Gave Same Key to Multiple Users
UOnline cryptocurrency paper wallet creator WalletGenerator.net previously ran on code that caused private key/public key pairs to be issued to multiple users. The vulnerability was described in an official blog post by security research Harry Denley of MyCrypto on May 24.
According to the post, the bad code was in effect by August 2018, and was only recently patched out as of May 23. The live code on the website is reportedly supposed to be open source and audited on GitHub, but there were differences detected between the two. After researching the live code, Denley concluded that the keys were deterministically generated on the live version of the website, not randomly.
? Daily Crypto Calendar, May, 28th?
QLC holders can stake the QLC and get Q-GAS starting from May 28, conducted on QLC Chain mainnet wallet.
The next scheduled upgrade of the æternity protocol (Fortuna / 3.x.x) should happen on May 28, 2019.
“Streamr is named as a disruptor in the mobility space and will pitch at the Plug and Play TC Innovation Day on the 28th May.”
“May 28th everyone will be able to use the fully functional Deployer #GUI for creating your very own ARK based #bridgechain.”
“Our co-founder Mo, @no89thkey will host an AMA on Tuesday, 5/28, 8:00-8:30PM (PST). ”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
It is done now, the resistance line at 0.39$ is now broken. As you can see on the chart, we are now blocked by the resistance line at 0.43$ but I think that this resistance could be broken much more easier than 0.39$ which was a big resistance line since weeks now. We are having a little consolidation now but we could try to break that resistance line at 0.43$ very soon.
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