- June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30% ;
- Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency ;
- President Maduro Orders The Bank of Venezuela to Accept Petro Crypto ;
- Dogecoin Price Surges 37% Following Binance Listing Announcement ;
- ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin ;
- ? Daily Crypto Calendar, July, 5th?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30%
CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups.
More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from the derivatives marketplace. In 2019 alone, there has been more than 950 new accounts created, marking a 30 percent increase in total client sign-ups, CoinDesk has learned.
In addition, the number of large open interest holders, entities that hold contracts worth at least 25 BTC (worth $280,000 at press time) grew to 49, up from an average of 46 during the last week of June, a new record.
? Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency
At first glance, Facebook’s Libra cryptocurrency doesn’t make sense.
On its face, it is a non-speculative token which uses enough decentralization to make it difficult if not impossible for Facebook to profit off it as the company does from its social media platform.
But in crypto, there is always an upside to the people who launch a new protocol, in the event the protocol succeeds and even in many cases for simply having started development of the project.
This article deals specifically and exclusively with that upside, admittedly handwaving aside many other potential issues with the protocol, to be addressed elsewhere.
? President Maduro Orders The Bank of Venezuela to Accept Petro Crypto
Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4.
According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the Bank of Venezuela.” The announcement apparently came during an event celebrating the tenth anniversary of the nationalization of the bank in question.
On June 19, Maduro announced that 924 million bolivars (over $92.5 million) were allocated to the Digital Bank of Youth and Students to open one million Petro wallet accounts for the country’s youth. José Angel Alvarez, president of the country’s National Cryptocurrency Association, commented to cryptocurrency news outlet CCN:
“It is a bold and correct decision to move forward towards a hybrid economy where the fiduciary currency of a country competes face to face with cryptocurrency.”
? Dogecoin Price Surges 37% Following Binance Listing Announcement
The price of the popular dogecoin cryptocurrency is surging after the announcement that it will soon be listed on the Binance exchange.
Binance said in a support notice that trading will open for dogecoin (DOGE) at midday (UTC) Friday.
The exchange will at launch offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), as well as the stablecoins tether (USDT), Paxos standard (PAX) and USD Coin (USDC).
Users can already deposit DOGE in preparation for trading, the exchange said.
? ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin
Veteran gold bug and bitcoin (BTC) skeptic, Peter Schiff, has taken delivery of $1,350 worth the cryptocurrency after the industry sent him donations on July 4.
Schiff, who is well known for warning investors not to trust bitcoin as replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate with Morgan Creek Digital co-founder, Anthony Pompliano.
Pompliano (also known as Pomp), highlighted the fact that Schiff in fact does own some BTC despite his negative comments.
”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy.”
? Daily Crypto Calendar, July, 5th?
Create token dapp release ( Everyone Can Create their Own VEX.Token ) on 5th of July.
Live Telegram AMA from 20:00 – 21:00 (GMT + 8).
Software Update
“Prof Steve Deng @SteveDeng_AI and Owen Tao @Owen_Matrix will answer them in Next Friday’s AMA.”
“Join us this Friday afternoon (EST) as special guest Dave Winterstein (co-founder and CEO) takes over the Aion AMA. ”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The market is again trying to break the support line at 0.34$. As we can see, till now that line is doing well its job but I’m not sure it will stay alive long time if we continue to test it like that hours after hours. However, long tests like that can also show that we are reaching a low and that the market doesn’t want go lower. So everything is not always negative but for sure I would like to see the STEEM going UP and take some distance from that support line.
Last Updates
- ? Daily Crypto News, July, 4th?
- ? Daily Crypto News, July, 3rd?
- ? Daily Crypto News, July, 2nd?
- ? Daily Crypto News, July, 1st?
- ? Daily Crypto News, June, 28th?
- ? Daily Crypto News, June, 27th?
- ? Daily Crypto News, June, 26th?
- ? Daily Crypto News, June, 25th?
- ? Daily Crypto News, June, 24th?
- ? Daily Crypto News, June, 19th?
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