Here is a quick post to tell you that I am doubling up on STEEM. One of the Reason is HF21 (find all the info from @steemitblog’s post here) but this is neither the only one or the most important.
I think HF21 has its flows, yes it redistributes more to SP holder, but through this it will bring more investors, therefore more Buying pressure and a better STEEM Price I Believe.
More curation rewards also means more attention spent by SP Holder to curate content of quality. This would be beneficial to the entire STEEM Community.
In the end, what is the point to have 75% of your posts STEEM rewards / SBD if they are valued at a few cents, wouldn’t it be better to have 50% of a post valued a few $$$?
Not to mention that your SP and current liquid STEEM would increase in overall value.
As you know, a good STEEM price increase would attract new users, which will make prices go up : Virtuous circle.
Lately, I have assisted to many projects which confirm that STEEM is the Home of an innovating ecosystem with great entrepreneurs
@actifit launching its token on Steem-engine
@steem-engine allowing projects to get some kind of funding
@steemmonsters keeps on rolling ! Guilds are online and I think the phone APP launch will be the “going to mainstream” moment
@drugwars developments are continuing and even if the last release was not to the liking of some in the Community, th game is heading in the right direction
@nextcolony is launched and people seem to enjoy it
@steem-bounty increases interactions between Steemians
@steemhunt has maintained a high level of engagement
@partiko is working smoothly and is still my go to app on a mobile phone. (@esteem is also very popular)
@steempress allow bloggers all over the world to publish on Steem so easily
@dtube and @threespeak allow “Youtubers” to share and earn through the STEEM Platform
@appics is entering its final phase of development and will launch its token very soon
I could go on and on ! So many great projects out there !
Later, in another post, I will also share with you some doubts about some of the coins that popped up on Steem-Engine and are valued at delirious levels.
Later, in another post, I will also share with you some doubts about some of the coins that popped up on Steem-Engine and are valued at delirious levels.
My Latest Transfers to Steemit
Today
On July, 30th
Preparing HF21
As I want to be very active after this HF21, I decided to increase my SP in order to curate some of the best content creators I know on the STEEM Platform
If you happen to have some Spare SP, do not hesitate to fill my offer on @minnowbooster !
I hope you enjoyed this post, if you did : upvote, comment and resteem. I will upvote answers and set a nice @steem-bounty.
So far, BTC has been bullish in August of 2019 (well – actually since the final day of July).
As usual, the mass media is throwing its theories around (such as THIS one) as to why this may be. Most of them are wrong, but let them throw their theories around anyway – it keeps them busy.
Looking at the market broadly, I would suggest that investor confidence is still relatively shaky, despite good 2019 BTC gains. This is evidenced in the poor performance of altcoins, a good indicator that “Adventurous” and “Confident” are not words to be attributed to investors at this point in time. Instead, I think that BTC price has been growing on the increase in trading volume alone (i.e. increased adoption): by now you are all well aware that 2019 volume is massive – even when compared to that of the 2017 bull run. (See volume on chart below)
From https://www.coingecko.com/en/global_charts
Exciting news! I have started working on a new cryptocurrency metric: a quantitative metric used to determine the investor confidence of the market. Honestly I haven’t checked if such a metric exists yet, perhaps I am just re-inventing the wheel. It’s not the “Bitcoin Misery Index” (I’m using a very different method to what Thomas Lee uses) – but it will give similar results. Either way I’m still busy developing it – learning (mostly by trial and error) the right formulas to use in Google Sheets to make it work. Hopefully I will have it finished soon – I’ll be sure to show you the results when (if?) I do finish!
Back to BTC:
While the ever-fickle media with its goldfish-duration memory is certainly suddenly bullish again, I caution against becoming bullish too fast. The charts below will show you why.
BTC has been in a channel for about a month. Back in this post of 16 July, I identified the top of the channel, but the bottom had yet to be formed, so I took it as a pennant instead.
From https://mentormarket.io/cryptocurrencies/bit-brain/btc-11-july/
This made me bullish on BTC in the medium-term, though I soon found out that my pennant was not a pennant at all. Strangely, this has no affect on my medium-term projections for BTC.
Later on BTC dipped, thereby forming a channel, which I then indicated in my 23 July postwhere I concluded that BTC may be forming a Bull Flag.
From https://mentormarket.io/cryptocurrencies/bit-brain/bitcoin-possible-next-moves/
While BTC has not dipped all the way back down to the bottom of that flag/channel, it has also not yet broken free of it.
Here is BTC today:
As you can clearly see on the chart above, BTC is at a turning point. Either it can breakout of the channel and climb, or it can dip sharply back downwards. I will only turn bullish if BTC breaks out of the top of channel and stays out for a day or more. Obviously this is short-term bullish, in the medium and long-terms I am bullish thanks to the bull flag and to the fundamentals of BTC respectively.
Should BTC fail to breakout, then the rejection dip should look something similar to this:
The bottom of the channel also coincides nicely with an already-consolidated support/resistance level in the mid-$7000s to mid-$8000s region. This will provide strong support and should prevent BTC from breaking through the bottom of the channel if it does head back in that direction.
Having said that: take note that similar price movement patterns in 2017 did sometimes end in a flash crash, followed by an equally rapid recovery (the crash and recovery taking only 2 to 3 days in total). The chart below from “Bitcoin – possible next moves” illustrates what I am talking about. See that post for more details and further examples.
From https://mentormarket.io/cryptocurrencies/bit-brain/bitcoin-possible-next-moves/
Summary:
If BTC does breakout within the next day or two, then we may well see an new 2019 BTC high this week. The next most likely option is that it will drop down to the bottom of the channel – still remaining within the confines of the Bull Flag and buoyed by the consolidation which took place in May/June.
Percentage allocation for possible future BTC price movement:
BTC breaks out of the top of the channel: 35%
BTC heads back down to the bottom of the channel, or perhaps the 0.786 retracement level (as it did last time): 30%
BTC heads back down and breaks through the bottom of the channel: 10%
Something else (e.g. Sideways movement, movement along diagonal Fib lines): 25%
Yours in crypto Bit Brain
All charts made by Bit Brain with TradingView
“The secret to success: find out where people are going and get there first”
~ Mark Twain
“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful”
Bitcoin (BTC) has risen back above $11,000 after regaining ground lost on July 8 and July 22, when the world’s largest cryptocurrency by total value suffered bearish breakdowns that sent its price below $10,000.
At 15:00 UTC on August 4, bitcoin rose above $11,000 for the first time in 21-days.
BTC’s price stalled and then was retested along the $10,600 area on Aug. 4, proceeded by a breakout above $11,000, 10 hours after its most recent sell-off. BTC was last seen changing hands at $11,227 after a strong hourly candle broke above $11,050.
Following a recent hard fork of Bitcoin SV (BSV), the network saw a three-chain split after a massive 210 megabytes (MB) block was mined.
As reported by BitMEX Research on Aug. 3, Bitcoin SV nodes divided into three groups on Saturday, making the network to split into three separate chains. According to the report, 65% of nodes were located on the current tip, while 17% were stuck on the 210 MB block and 19% had not even upgraded and were on the old pre-hard fork chain.
According to data from Coin Dance, the 210 MB block was mined on Aug. 3 by CoinGeek miner and involved 808,633 transactions.
Bitcoin SV, a hard fork of Bitcoin Cash (BCH), which is in turn a fork of the major cryptocurrency Bitcoin (BTC), successfully ran its own scheduled hard fork on July 24 as part of plans to increase its block size from the previously set limit of 128 MB up to 2 gigabytes.
The total computing power now dedicated to securing the bitcoin blockchain has set yet another record.
According to data from mining services operator BTC.com, the average bitcoin mining hash rate over the last two weeks has reached 71.43 quintillion hashes per second (EH/s), up from 64.49EH/s on July 23. The threshold was breached as bitcoin adjusted its mining difficulty at block height 586,672 on Monday 2:52 UTC – that is a 6.94EH/s, or 10.78 percent jump since mid July.
Bitcoin mining difficulty is a measure of how hard it is to compete for mining rewards on bitcoin. Just how difficult the bitcoin software makes it to generate new blocks adjusts every 2,016 blocks – approximately every 14 days – to ensure the block production time remains about 10 minutes at the next cycle.
Max Keiser, a former Wall Street trader and host of the RT program Keiser Report, said that he believes Bitcoin (BTC) will break $15,000 this week.
In tweet published Aug. 3, Keiser said that he is “sensing #Bitcoin will cross $15,000 this week.” He further stated that confidence in central governments, central banks and centralized fiat money are at the lowest level they have been in decades. He noted:
“I’m confident. So I just burned another $10,000 in $USD shitcoin. Correlation does not equal causation, but whenever I burn a few thousand $USD, BTC price goes up significantly.”
One of the murkier corners of the cryptocurrency market is becoming even less transparent.
Tether, the controversial token that serves as a conduit for trading coins on many of the world’s largest crypto exchanges, is becoming the means for conducting transactions on a spate of new blockchains, the distributed digital ledgers that underpin the digital assets.
The migration from the dominant Bitcoin and Ethereum platforms risks making it more difficult for investors to track transactions, going against one of the key tenets championed by crypto advocates since the advent of the self-styled alternatives to money a decade ago.
“At the start of every month, we will be taking snapshop of all EthereumX token holders with more than 300,000 ETX tokens.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
So yeah my friends, except if we have a sudden big up in the coming hours, the support line at 0.24 and the little support just under in blue can be considered as broken. We should now go in the direction of the support line at 0.21$ which is a major support line which hold us since december 2018. If we break that support… I really don’t know where we will stop… 0.15$, 0.1$, 0.05$, 0.01$? what would be the minimum for you ? Let’s share your opinion.
Bitcoin has had a slow and rather quiet move higher over the past few days. That is until today where volume has picked up in the past few hours and price pushed more than 600 points.
11,600 has been a pivot point before
Looking at the chart you can see price has come up to this level in the 11,600 area. With price now getting a but extended from the 10 day moving average and volume being somewhat low for this move on a whole it would not be a surprise if the up move died in this area.
However, if that were to happen then some sideways to slightly lower consolidation would be bullish.
To be honest as long as it maintained above 10,800 while the moving average caught up I’d be happy with the price action.
5 consecutive days of green candles already, despite BITCOIN has not increase so much in volume , BTC has broken strongly the Falling Wedge and so, it is going upwards while trying to break another known resistance at 10800 USD right now:
What I can see here is an interesting Flag pattern in formation. Usually this pattern use to provide till 5 rebounds before breaking the upper resistance (a-b-c-d-e) but it is known that also can be broken on the 4th, so at (d).
This is my current scenario: If the upper resistance (red line) is broken powerfully on (d), it would mean that the correction and so the end of the wave II was already done at (c) around 9000 USD… If, by the contrary, BTC finds strong resistance at (d), it would be likely to have another test of the inclined support on (e), ending there the correction…
In a graphical manner, two options, both bullish, of course:
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Payments company Square reported its second-quarter earnings Thursday, revealing $125 million in bitcoin sales through its Cash App, nearly doubling a record first quarter.
“During the quarter, bitcoin revenue benefited from increased volume as a result of the increase in the price of bitcoin, and generated $2 million of gross profit,” the earnings report explains.
Founded by Twitter co-founder Jack Dorsey, Square reported that bitcoin represented very nearly half of the total revenue on its Cash App, at $260 million, for the second quarter of 2019. Bitcoin costs, however, are listed at $122.9 million in the unaudited quarterly report, yielding the aforementioned $2 million in profit.
A new patent filing suggests that United States retail giant Walmart may be developing its own U.S. dollar-backed digital currency similar to Facebook’s Libra cryptocurrency.
Walmart filed patent for “Digital Currency via Blockchain”
Patent filing number 20190236564, “System and Method for Digital Currency via Blockchain,” was published by the U.S. Patent and Trademark Office (USPTO) on Aug. 1. The document outlines a method for:
“Generating one digital currency unit by tying the one digital currency unit to a regular currency; storing information of the one digital currency unit into a block of a blockchain; buying or paying the one digital currency unit.”
Eric Conner, founder of information site ETHHub and product researcher at blockchain startup Gnosis, said:
“I think in four years, Ethereum will be moving past the hardest parts of its ambitious goals around proof-of-stake and scaling. At that point, the network will be able to onboard more users and we’ll start to grow beyond the use cases we are seeing today.”
LedgerX admitted Thursday it has not launched bitcoin futures, as the firm had previously claimed, after the U.S. Commodity Futures Trading Commission (CFTC) said it had not approved the exchange to do so.
The company previously told CoinDesk it was planning to launch the product on Wednesday. LedgerX would have been the first venue in the U.S. to offer physically-settled bitcoin futures, which are contracts that pay out in the underlying cryptocurrency rather than in cash.
“Not only are they delivered physically in the sense that our customers can get bitcoin after the futures expires, but also they can deposit bitcoin to trade in the first place,” LedgerX CEO Paul Chou told CoinDesk on Monday.ring connections to external services like the crypto exchange ZigZag, the blog Yalls and games like Lightning Roulette, facilitates nearly 10,000 referrals a month. So far, BlueWallet users have completed more than 100,000 lightning transactions.
The New York Office of the Attorney General (NYAG) has submitted a letter to Justice Joel M. Cohen, arguing that cryptocurrency exchange Bitfinex and affiliated Stablecoin firm Tether should not be granted a continuing stay of demands. The NYAG submitted its letter on Aug. 1 — the latest chapter in the New York Attorney General’s ongoing case against Bitfinex, parent company iFinex and Tether, in which the state alleges a multimillion loss coverup took place.
The motivation for NYAG’s letter
The court initially issued a stay of document demands in May at the defendants’ request. This means that the court currently only requires the defendants to produce documents and information pertinent to the issue of whether or not New York is the appropriate jurisdiction for the NYAG’s complaint, as opposed to a wholesale disclosure of complaint-pertinent documentation.
Bitfinex’s lawyers recently wrote that it had spent over $500,000 responding to NYAG’s document requests, adding that they would appeal for a continued stay of demands even if a dismissal motion does not go through.
“Scarcity is about to kick in,” the crypto trading account known as Rhythm on Twitter commented on the event.
The current Bitcoin supply means only a maximum of 17,850,000 people can own an entire coin. In reality, however, some of the existing mined supply is not in circulation and never will be, as users lose access to private keys.
Bitcoin (BTC) price climbed back over $10,000 to nearly $10,500 on the morning of August 2 as the market has shown a surprising bounce defying earlier calls by some traders for more downside.
“August could turn out to be a good month”
Trader and market analyst Josh Rager said that BTC/USD moving back above $10,000 is finally showing some nice follow through.
“A close above previous 4hr resistance is a nice sign,” he continued. “The good news about the death cross is that it leads to a golden cross as the 50MA is already starting to turn up.”
Rager concludes that:
“August could turn out to be a good month for price, IMO”
“Join us in Geneva on August 2nd for a “Workshop on #DLT Scalability and Interoperability” hosted by the @ITU FG on DLT #Standardization.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
The STEEM is still stitting exactly on the support line. I think we should have a decision from the market quiet soon. Let’s hope it will be a good news. The current pattern could indicate that the market is not able to go lower anymore and if this is the case, a sudden UP should appear suddenly. However, this kind of support line can finish also to be broken so we must stay all very carefull.
I wrote about the new KuCoin staking plan on Tuesday. This post explained it: “Don’t miss this one!”
True to my word:
I fully intend to lock up my KCS for this period, and I will do so as soon as I can.
I was waiting on KuCoin, ready to lock my KCS as soon as the clock hit 1 August (UTC +8), which was at 16:00 (UTC) on 31 July.
Of course, there were problems…
The problems:
I would be lying if I said I wasn’t surprised. Secretly, I had been expecting some sort of issue, even though I have great faith in the KuCoin team. Blockchain tech is just still all so new; because of this, platforms often forget to take something into account and fail under heavy loads or unusual conditions. This is exactly what happened to KuCoin.
The second that the staking contract opened, it failed. I hopped onto the various social media channels and watched the ensuing chaos for the first few minutes. To their credit, KuCoin were quick to respond. I saw multiple KuCoin admins respond on the telegram channel within minutes.
It turns out that a large block of simultaneous API calls (to lock KCS tokens) had triggered a safety system in KuCoin’s software. From a geek point of view, this is interesting: I have been wondering what safety systems KuCoin has in place – for obvious reasons these are not openly published. I guess we just found one! The safety system shut off the locking contract and had to be reset and disabled for these particular KCS withdrawals. The delay took about 20 minutes to rectify, after which KuCoin announced that they would retry launching the staking procedure 20 minutes later.
KuCoin did a good job of keeping us informed, even replying to my personal thread on Twitter where I and another investor were discussing the issue:
At 00:40 (UTC +8) the contract was reopened – and it worked.
To make up for the problem, KuCoin made the decision to double the maximum total amount of tokens that could be locked on Day 1. The daily cutoff for locking is 500 000 KCS, with a limit of 10 000 KCS per person. KuCoin raised the total to 1 000 000 KCS for Day 1 – which is about the best that they could do at short notice without unfairly disadvantaging those who had been waiting. TAKE NOTE: the 1 000 000 KCS limit was reached well before the 10 minute mark! In fact it took only 6 minutes and 6 seconds before the limit was reached – despite it having been doubled.
What to do and what to expect:
There were not a lot of explanatory posts about the KCS lockup process before it happened. I know of only two that KuCoin released themselves. Because of this, I had a few unanswered questions at lockup time – things I was unsure of. I decided to write this post to try to help you with any questions that you may have about the process, and to guide you through those bits of it which are not immediately obvious.
Firstly – the address to use for the lockup is exactly what they say in their blog post: LOCKKCS. “LOCKKCS” is what you type into the “Wallet Address” field (as seen in the image below).
Note: If you type this in before the contract is open, you will see an error message “Contain invalid or sensitive information”. Don’t worry, this is normal. Just wait for the contract to activate at 16:00 UTC. If you try to lockup once the contract is already full (500 000 tokens have already been staked for the day) then you will see the same error message.
Trying to transact when the contract is closed will look something like this:
From www.kucoin.com ; modified by Bit Brain
Once the contract is open, refresh the page and the error message should be gone. Remember that you must lock a minimum of 200 KCS at a time. Also remember that KuCoin has a lot of checks and balances when you withdraw (depending on your account security settings). For me this meant the usual ritual of keying in my KuCoin trading code, my 2FA code and a code which is emailed to me. Don’t forget about all that, it adds at least 30 seconds onto your precious time, so be prepared before the contract goes live: have your apps and webpages open and get ready to type/click fast and accurately. In reality, you probably have at least 5 minutes in which to to this – a time which should grow longer each day.
If you manage to beat the rush and lock successfully, then you will see that you have an “in progress” transaction in the “Withdrawal history” section at the bottom of the page.
Additional Information:
The “Remark” section caught me a little off guard. With less than a minute to go before unlocking, somebody on Telegram asked about using referral codes for the lockup (as was briefly mentioned in a KuCoin blog post). With literally seconds before the lockup went live, an admin replied that you put the referral codes in the remarks field. Having no other referral code at hand, and not knowing whether it was mandatory or not, and with the admin already swamped with questions, I hurriedly put my own code in the field, just to ensure that all fields were complete and that my transaction wouldn’t get automatically declined and miss the lockup.
No, I’m pretty sure that you can’t self-refer and that I won’t score anything extra by doing this!
I honestly do not know for sure if a referral code is mandatory, I highly doubt that it is. If you want to be a nice person, please use my referral code for locking. I will get extra lockup rewards if you do (which I could really use!). You type it into the “Remark” block. My referral code is E39MoQ
After the problems of the first round, APIs will no longer be able to conduct lockups. Aside from causing problems with the contract, according to https://twitter.com/KuCoinUpdates:
To ensure a fair and equitable KCS lockup program for all of our users, KuCoin will prohibit the use of API to withdraw KCS to the LOCKKCS lockup address. This has taken effect immediately and will continue through the end of the lockup period.
It’s a good decision – it’s fair and it was suggested by a large number of users on Telegram when the first lockup stalled.
Be aware that after you have locked your tokens, you will no longer see them in your KuCoin account. Don’t panic, they will be back (automatically) in three months time – with interest! Also, there is no Lockup Dashboard yet, the only indication of your lockup at this stage is your withdrawal history. Similarly, do not panic if you click on the Etherscan link to your lockup transaction and you see something funny. After lockup your withdrawal page should look something like this:
From www.kucoin.com ; modified by Bit Brain
If you click “view transaction” (as highlighted above) you will see a message such as this one:
From https://etherscan.io
That is perfectly normal. The LOCKKCS address is not a regular Ethereum address, it is an internal KuCoin construct. The transaction does not go onto the Ethereum blockchain and will not appear there, so Etherscan is supposed to return an error message. This was confirmed by KuCoin technical staff and the Etherscan screenshot above is from my own lockup transaction.
Note that despite the double allowance, only 286 people managed to lock in round one, I therefore consider myself to be extremely lucky! However, if you missed out, then don’t worry! The rate you can get by locking today is only very slightly less, you’ll still score about a 10% ROI within only three months by locking your tokens! The average amount of KCS locked per person yesterday was 3521 – which I consider to be quite a lot (certainly way more than I own!) With amounts like that being deposited, don’t expect the contract to stay open for long for at least the first few days of locking. I tell you again: be ready and waiting on the dot of 16:00 UTC!
Conclusion:
Despite the teething issues, I want to say well done to KuCoin. I think they did a damn good job of handling the API issue in a rapid, fair and responsible manner – about the best they could have done under the circumstances. I don’t blame them for the issue either, it would have been nice if it had been picked up before the time and prevented, but that’s very easy for me to say after the fact, and hindsight is always 20/20. Just as I think Binance handled their hack very well, it’s good to see the intelligent and levelled-headed folk at KuCoin able to do the same under pressure. Such incidents are potential PR disasters if not handled correctly. I don’t see how KuCoin could have handled it any better, their Tweet on my own Twitter wall being a prime example of the lengths they went to to inform and to ease tensions.
Well done (again) KuCoin!
In other news: I have recently heard that KuCoin are busy with a “dust” feature such as Binance has (great idea in the first place – well done Binance!) whereby small balances of other tokens held on KuCoin will be able to get “dusted” into KuCoin Shares. It should be released with their next platform update, I look forward to this!
Also, for those of you amateur videographers out there, KuCoin is running a video creation competition with 50 KCS up for grabs. Check their Twitter feed for the link.
Out of interest: I decided to shift my small Tron holdings from Binance to KuCoin two days ago. I’m pleased to report that the fully automatic staking contract is working and that I have already earned my first daily “soft staking” rewards.
Now if KuCoin could kindly please stop releasing awesome features all the time, then perhaps I could go a week without blogging about them! That would make a nice change!
Yours in crypto Bit Brain
Featured image from https://twitter.com/KuCoinUpdates
“The secret to success: find out where people are going and get there first”
~ Mark Twain
“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful”
A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners who today ensure transaction processing on the world’s fourth-largest blockchain by total value.
In approximately five days, litecoin will undergo a scheduled reward halving – a process aimed at preserving cryptocurrency’s purchasing power. The mining reward is currently set at 25 litecoins ($2,500) per block and will drop to 12.5 litecoins ($1,200) per block on Aug. 5.
With that transition, the protocol will be adding significantly fewer litecoins to the market after Aug. 5.
Yesterday, ethereum celebrated its fourth birthday.
Four years ago, on July 30, 2015, the world’s first general-purpose blockchain platform went live. Called ethereum, the platform was the first of its kind to feature a Turing-complete virtual machine and native programming language able to deploy code of any algorithmic complexity.
“Before ethereum, developers had to design and write extremely complex software,” blockchain researcher Mihailo Bjelic told CoinDesk. “Ethereum introduced a generic programmable layer which abstracted this whole process and enabled developers to build decentralized applications by only writing their applications’ core logic.”
There are roughly 800 monthly active developers building on the ethereum blockchain, according to new data from investment firm Electric Capital.
Eric Conner, founder of information site ETHHub and product researcher at blockchain startup Gnosis, said:
“I think in four years, Ethereum will be moving past the hardest parts of its ambitious goals around proof-of-stake and scaling. At that point, the network will be able to onboard more users and we’ll start to grow beyond the use cases we are seeing today.”
Lightning-centric bitcoin wallets are gaining traction in 2019 and making small transactions affordable by reducing network fees.
The bootstrapped Spanish startup Bluewallet garnered 35,000 downloads so far this year, according to co-founder Nuno Coelho, a significant jump from the 5,000 users it had in 2018.
Coelho told CoinDesk the wallet’s built-in lightning marketplace, offering connections to external services like the crypto exchange ZigZag, the blog Yalls and games like Lightning Roulette, facilitates nearly 10,000 referrals a month. So far, BlueWallet users have completed more than 100,000 lightning transactions.
Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years.
3.15 million bitcoins, 120 years
According to data from monitoring resource Blockchain, Thursday saw Bitcoin miners extract the 17,850,000th unit as part of the transaction validation process.
As a result, due to the number of coins awarded to miners per block decreasing over time, the remaining supply will only be unlocked in the year 2140. Bitcoin has a total fixed supply of 21 million units.
“Scarcity is about to kick in,” the crypto trading account known as Rhythm on Twitter commented on the event.
The current Bitcoin supply means only a maximum of 17,850,000 people can own an entire coin. In reality, however, some of the existing mined supply is not in circulation and never will be, as users lose access to private keys.
Because of its pseudo-anonymous, censorship-resistant nature, cryptocurrency has become a popular payment method in the adult entertainment industry. Porn sites, webcam sites and online sex shops have been using crypto to reduce their dependence on traditional payment services, which often impose restrictions and high transaction fees on these kinds of businesses — which are considered to be high risk.
Sex performers, who often struggle to set up regular bank accounts, can receive crypto payments directly from their clients, counting on the immutability and censorship resistance of blockchain technology.
Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
The STEEM that we know since months now is back. The BTC is having a nice UP but the STEEM is not really following, even we had a little UP move which has been now cancelled. However, the more important is to don’t break our support line around 0.24$. If we continue like that, the UP will come back at one moment.
The Volume has not change since a few days, we are still moving around 16 Billion in the 24h Volume which is more or less the same we had yesterday and the week before so, it is very likely we have a Bull trap here…
Additionally, we have a Triple Top at 10100 USD which is bearish so…unless BTC crosses that resistance I would not bet for an spectacular bull run now…
In my opinion, if not temporary sideways, BTC would move in the direction of the lower support, searching the (e) point on which it should rebound strongly (around 8500 USD) because if not, the threat of having a very BEARISH Scenario would get a higher likelihood of occurrence.
As I said, it is better not to enter now and see what happens in the coming days… this is a moment of high uncertainty and risk…
@toofasteddie
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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