Daily Crypto Digest – 012

There is no doubting this anymore. Crypto investing and trading has reached a new level when we compare activities of the past few months to recent weeks.

What was expected after the recent FUD news involving the Bitfinex saga and its issuing of Tether was to see another big fall in price breaking the upper resistance line to new low resistance? But as we have it, the line is thicker than it looks and we haven’t found the real pressure to suppress and breakthrough it yet or better maybe it may never be touched again going into the future.

This show of resilience is a good pointer that indicates a near significant upturn of the market. B1 June announcement and the awaited Bakkt approval are two of the major events many are speculating should ignite the long-awaited bull market that seems to be taking forever.

Until that happens, the present market condition is a thing to be happy about.

Some discussions you may find interesting and be part of

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I am seeing this more lately. It seems people are now more wary of how their crypto assets could be accessed in the event something bad happen to them. This discussion on Reddit has a good insight on many possibilities to go about this.

Do you agree linking blockchains together could decrease congestions on networks?

Tether makes another claim backing USDT amounts.


The owner of NYSE buys crypto custodian in a push to offer Bitcoin.

Are most workers not happy with their work after coming across cryptocurrency as this Man suggests? 

Bitfinex integrates a solution that informs traders of on-chain, social and development data for better trading decisions and experience.

Reports and Updates in the news.

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More use case for cryptocurrency and blockchain projects is the dream of every crypto enthusiasts. 

Bit by bit the dream is getting realized on a rapid basis.

If you are conversant with price action, you should notice a good spike in the price of the IOTA coin.

No, the spike wasn’t a result of ordinary trading activities, it was as a result of a recent bullish news about the partnership of IOTA with Jaguar Land Rovers.

The motor maker announced the use of verifiable Internet of things data (IOT) in cars to inform present road conditions and weather state from cars using the IOTA crypto coin to reward car owners.

Read the in-depth report on Coindesk.

More flexible approach to crypto is emerging in popular countries

Many countries deem crypto handling and investing a very risky move, and yes to some degree they are right. But the brutal strict regulation placed by some of these countries far outweighs the risk they pose.

Recently, it was reported that Russia is planning to test crypto in four of its region – an experiment to have a better overview of crypto investing and trading and its results.

Look more into this by continue reading on news.bitcoin.com.

Neo revitalized

If a popular story could be preached about NEO, then it is how its made many millionaires when the brand name NEO was adopted over the former “antshare” brand name.

The viral growth of NEO took a solid base through the introduction of an incentive mechanism to holders by introducing a supplementary token popularly known as ‘GAS’ which is monthly generated.

Despite this innovative stability mechanism, NEO suffers a big deal when the news broke of how very centralized the system is.

Now, NEO is turning a new leaf by launching an entirely new blockchain in the much awaited upcoming NEO 3.0.

Existing coins would be swapped with the newly created coins when the system goes live.

Read more about NEO 3.0 on Cointelegraph.

Other reports and updates in the news.

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Old twitter account @Bitcoininfo tipped a total of $10,000 in BCH to charities and random people on Twitter for a period of 48hours.

There is a significant decrease in cryptojacking after Coinhive mining service got shut down. 

Bitmain plans to develop better mining equipment to leapfrog competitors.

A popular anti-malware firm discovered over 152,000 infected Ethereum wallets.

24 countries discuss global standard for cryptocurrency regulation.

This digest is concluded.

Thanks for your time reading the digest.

Remember to visit my blog often for more interesting digest.

Cheers 🙂


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.

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