- For People To Trust Blockchains, We Need Good Storytelling ;
- Crypto Companies Still Run Into Trouble Opening Bank Accounts ;
- Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition ;
- Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act ;
- An In-Depth Look at Ethereum’s Maker and Dai Stablecoin ;
- ? Daily Crypto Calendar, March, 3rd?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? For People To Trust Blockchains, We Need Good Storytelling
On April 10, 2010, Cherie Aimée was rushed to the hospital for chronic shortness of breath. Within minutes of reaching the emergency room, Aimée had flatlined: Her heart had stopped, she was unresponsive for 90 minutes, and CPR did not work.
But Aimée survived. For four months she lived on life support. “I had no heartbeat,” Aimée said during her keynote at Decentralized 2018, “but what kept me alive was a modern, innovative technology.” A Left Ventricular Assist Device (LVAD) sustained Aimée for about five years until she was able to get a heart transplant.
? Crypto Companies Still Run Into Trouble Opening Bank Accounts
Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3.
The report cites the complaint of Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research, that “the standard answer of ‘just go to your local Chase branch’ doesn’t work in crypto.” Bankman-Fried also added that it is not illegal for banks to serve crypto businesses, but “it’s a massive compliance headache that they don’t want to put the resources in to solve.’’
? Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition
Christine Sandler, Coinbase’s director of institutional sales, has defended the crypto exchange’s controversial acquisition of blockchain intelligence firm Neutrino. In an interview with financial news channel Cheddar on March 1, Sandler said that previous client data providers were selling Coinbase user data to outside sources.
As reported, major United States crypto exchange and wallet Coinbase first announced the Neutrino acquisition on Feb. 19, saying it would make use of the startup’s advanced blockchain analytics tools, Anti-Money Laundering and Know Your Customer technology.
? Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act
A lawmaker from the U.S. state of Utah has introduced a bill that would stop blockchain firms from being classed as money transmitters.
Republican senator Daniel Hemmert filed senate bill 213 last week, proposing that any person who “facilitates the creation, exchange, or sale” of certain blockchain-related products should be exempted from the state’s Money Transmitter Act.
The bill also aims to create a legislative group called the “Blockchain Pilot Project Evaluation Task Force” to study the potential of the technology in government services.
? An In-Depth Look at Ethereum’s Maker and Dai Stablecoin ](https://news.bitcoin.com/an-in-depth-look-at-ethereums-maker-and-the-stablecoin-dai/)
Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U.S. dollar. However, there’s one particular stablecoin that’s been a hot topic of discussion lately called dai, a coin that’s backed by ethereum locked into a smart contract.
The Maker team consists of CEO Rune Christensen, CTO Andy Milenius, President Steven Becker and roughly 18 other leaders. The community is relatively small but has been growing since the project’s inception. Maker and the stablecoin dai community have a blog, a chat forum, and its own subreddit where individuals discuss the nascent ecosystem. At press time, dai is ahead of the stablecoin GUSD with the 55th largest market capitalization of around $89.3 million.
? Daily Crypto Calendar, March, 4th?
- Skycoin (SKY)
SkyWire Mainnet Launch
- Stellar (XLM)
Stellar Blockchain Meetup at AWS Loft 350 West Broadway, New York, NY from 6:00 PM – 8:30 PM (EST).
- IoTeX (IOTX)
IOTX participates in Allbit’s AxU Project 5 Trade Listing Competition from January 30 – March 4 (KST, GMT+9).
- NetKoin (NTK)
“Netkoin’s Multi-token wallet will launch in the next beta version of Netkoin’s mobile app which is set for release on Monday 4 March 2019.”
- IoTeX (IOTX)
“We are excited to introduce you to our first set of 36 Delegate candidates via a fun and interactive Vote & Share Campaign.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So today we had a nice bounce from the support line at 0.39$ as expected but we haven’t been able to break the previous TOP. We are now doing a pattern called double top which is a bearish pattern. This pattern will be validated if we break the support line at 0.39$, so nothing is done yet. Just keep that scenario in mind. If that support line creates a new bounce, the double TOP will be invalidated and we should try to break the previous TOP again.
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