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? Daily Crypto News, July, 30th?

July 30, 2019 (updated July 30, 2019) Published by
  • Head of SEC Enforcement Dept. for Cryptocurrency, Cyber Security Resigns ;
  • Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival ;
  • Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’ ;
  • Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King ;
  • Judge Rules to Extend Bitfinex and iFinex Case in New York ;
  • ? Daily Crypto Calendar, July, 30th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Head of SEC Enforcement Dept. for Cryptocurrency, Cyber Security Resigns

The chief of the United States Securities and Exchange Commission (SEC) Division of Enforcement’s Cyber Unit, Robert A. Cohen, has stepped down from his role at the commission.


According to an official announcement by the SEC, Cohen served as the first chief of the Cyber Unit since its inception in 2017.


The Cyber Unit is in charge of securities violations pertaining to cryptocurrency and digital assets, in addition to cyber-related trading violations and cybersecurity disclosures and procedures.


Regarding Cohen’s work as chief of the Cyber Unit, the Division of Enforcement’s co-director Steven Peikin said:


“The Cyber Unit has been a great success under Rob’s strategic leadership […] Soon after its creation, the Cyber Unit immediately began filing impactful cases that protect investors and demonstrate the SEC’s ability to respond nimbly to new and difficult challenges.”

? Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival

Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run.
History may repeat itself with mining reward halving due in less than 12 months.


BTC may rise back to $10,000 in the next 24 hours or so with short duration charts signaling seller exhaustion.


A UTC close above $11,120 is needed to revive the bullish view. On the downside, key support is seen at $9,049 (July 17 low).

Bitcoin witnessed a golden cross in the three days to Feb. 3, 2016 – six months ahead of the mining reward halving – following which the cryptocurrency charted its way to a record high of $20,000 by December 2017.

With another reward halving (effectively, a supply cut) due in less than 12 months, history may just repeat itself.

As of writing , BTC is changing hands at $9,500 on Bitstamp, down 31.55 percent from June’s high of $13,880. The cryptocurrency could rise to $10,000 in the next 24 hours, according to the short-duration technical charts.

? Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’

Square Crypto is focused on bitcoin, not the publicly traded company’s specific products.


That was the message Monday during a Twitter ask-me-anything (AMA) with the head of Square’s crypto team, Steve Lee.


The unit’s playful Twitter account fielded questions from its followers as well as crypto-community luminaries. With tweets signed simply “Steve,” it was Lee’s first set of public remarks on the team’s broad objectives since being hired in June.

? Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King

Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow’s over-the-counter trading desks.


They use the cryptocurrency to send large sums back to their home country, which has strict capital controls.
Previously the merchants used bitcoin for this, but when the market crashed in 2018 they switched to tether, which is designed to maintain parity with the U.S. dollar.


Despite longstanding questions about USDT’s collateral, in this market “nobody actually cares if tether is backed or not,” says one Moscow trader.

? Judge Rules to Extend Bitfinex and iFinex Case in New York

Justice Joel M. Cohen of the New York Supreme Court (NYSC) has ruled to extend the preliminary injunction in the ongoing case of crypto exchange Bitfinex and Tether’s parent company, iFinex, against the New York Attorney General (NYAG), on July 29.


Cohen reportedly decided to give a 90 day extension to the case, which apparently means that OAG can continue investigating. Lawyers of Tether tried to appeal to dismiss the motion immediately, but Cohen rejected their appeal.


Speaking before the court, iFinex also argued that the court does not have subject matter jurisdiction because Tether is not a security or commodity as there is no futures market. The companies’ defense also stressed that Tether and Bitfinex are two different companies with two different business models, and that it is not proper to treat them as a single entity as the OAG does.

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? Daily Crypto Calendar, July, 30th?

ARK reveals a “brand new project” building on ARK.

“Nathan Kaiser, Chairperson of the Cardano Foundation. Nathan will be joining Hong Kong Cardano Community meetup on July 30”

We’re able to share all the details of the nOS blockchain in our new whitepaper — releasing July 30th, 2019.

Sigma privacy protocol activates, after release date pushed back one week from July 23 to 30.

“Sign up today for the first episode scheduled for July 30th at 2 pm EST/8 pm CEST!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are still testing that support line at 0.24$ since several days now and till now, we didn’t have a real break of it, even sometimes with a correction on the BTC.


What do you think? Do you think the marketis thinking that 0.24$ is low enough for the STEEM? Do you think it is just a pause before the next correction? Your TA or opinions are welcome.

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? Daily Crypto News, May, 3rd?

May 3, 2019 (updated May 3, 2019) Published by
  • US District Attorney Seeks to Retain Defendant in Crypto Shadow Banking Case ;
  • Code For Ethereum’s Proof-of-Stake Blockchain to Be Finalized Next Month;
  • Microsoft Makes JPMorgan’s Quorum the Preferred Blockchain for Azure Cloud;
  • Indian Tech Firm Tech Mahindra to Combat Spam Phone Calls With Blockchain ;
  • The story of Crypto Capital’s dark past and its deep ties with the crypto industry;
  • ? Daily Crypto Calendar, May, 3rd?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? US District Attorney Seeks to Retain Defendant in Crypto Shadow Banking Case

The United States Attorney for the District of Arizona (DA) is seeking to retain a defendant in custody in a case of alleged shadow banking for cryptocurrency companies. In a court filing released on May 1, the DA states that they are concerned the accused will flee.


The filing follows the official announcement published by the Southern District of New York Attorney in April, ordering to charge an Arizona citizen Reginald Fowler and Israeli woman Ravid Yosef for allegedly operating an unlicensed money transferring business and bank fraud.


The recent filing asks the court to detain the defendant pending trial as he purportedly presents a risk of continued economic danger. Since the defendant purportedly has access to millions of dollars in bank accounts around the world and overseas ties that would facilitate the flight — among other factors — the Attorney office declares that the defendant poses a flight risk. The document specifically states:


“A consideration of the facts show that Defendant is a significant flight risk given his connections overseas, his financial means to support himself outside the United States, his disregard for this criminal investigation, and his potential involvement in other criminal activity.”

? Code For Ethereum’s Proof-of-Stake Blockchain to Be Finalized Next Month

Code for ethereum’s highly-anticipated proof-of-stake (PoS) blockchain is on course to be finalized as early as sometime next month.


In a bi-weekly call between ethereum developers, Ethereum Foundation researcher Justin Drake said that code specifications for the first phase of ethereum’s transition to a proof-of-stake network were “on track” to be finalized by June 30. Such specifications are effectively blueprints for developers looking to work on ethereum’s next-generation blockchain.


“I’ve been continuing to fine comb Phase Zero in preparation for the spec freeze which we’re targeting for the 30th of June,” Drake remarked on the call. “We’re still very much on track. Still, [code] simplifications are coming through which is great and the process of fine combing is also for finding final bugs.”


? Microsoft Makes JPMorgan’s Quorum the Preferred Blockchain for Azure Cloud

Microsoft will promote JPMorgan Chase’s Quorum blockchain to the global tech giant’s business customers, the companies announced Thursday.


The Redmond, Washington-based software firm will support Quorum, JPM’s private enterprise version of ethereum, through Microsoft’s Azure cloud platform, the firms said. They will look to support adoption of the network through their new partnership, after signing a memorandum of understanding.


As a result, Quorum “will become the first distributed ledger platform available through [the] Azure Blockchain Service, enabling J.P. Morgan and Microsoft customers to build and scale blockchain networks in the cloud,” the companies said in a press release.

? Indian Tech Firm Tech Mahindra to Combat Spam Phone Calls With Blockchain

Indian technology company Tech Mahindra will be implementing an anti-spam call solution powered by blockchain, Indian business daily Business Today reports on May 2.


This solution will allow phone companies to comply with the Telecom Regulatory Authority of India (TRAI)’s regulations to protect mobile phone subscribers from unsolicited Commercial Communication (UCC), which will come into effect in the last week of May.


Rajesh Dhuddu, Global Practice Leader of Blockchain at Tech Mahindra said that the TRAI regulations will affect 800 million subscribers.

? The story of Crypto Capital’s dark past and its deep ties with the crypto industry

Crypto Capital is slowly emerging as the central bank of the crypto industry. It facilitated banking services from one end of the industry—major crypto businesses and exchanges including Binance, Kraken and BitMEX—to the other, including the now-defunct QuadrigaCX and a number of smaller companies implicated in money-laundering schemes and fraud. And according to the the New York Attorney General, it still serves crypto exchange Bitfinex, where by the end of 2018, it was managing more than $1 billion of the exchange’s client and customers funds.


Two people, allegedly related to Crypto Capital, were charged with money laundering on Tuesday. The feds claim that the pair ran a banking scheme for crypto companies, which involved Global Trading Solutions LLC—a company that has been identified as one of the shell companies owned by Crypto Capital, and used by Bitfinex. The scheme allegedly involved running a “shadow bank that processed hundreds of millions of dollars of unregulated transa

? Daily Crypto Calendar, May, 3rd?

“… Important rework of a built-in wallet. Implementation is now comparable to Bitcoin BIP32 and BIP39 wallets…”

Auxiliary Stakes distributed to eligible participants.

Weekly rewards for Cointorox holders with over 100 OROX (Rewards: 5% of total holdings). Rewards distributed from leftover bounty tokens.

“New RCast coming tomorrow!”

Vano Narimanidze, Horizen country lead of Georgia will be speaking at the International Festival of Cyber Security in Tbilisi, Georgia.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The BTC is helping us to go in the direction of our resistance line at 0.39$. Let’s hope we will be able to touch it soon and even break that line to allow STEEM to have back a correct value compared to other altcoins. We are not so far so everything is possible even the STEEM is used to make smaller UP than the BTC.So exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don’t do it, we are doing lower highs which mean that the DROP is not yet finished. Let’s see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.

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