Daily Crypto Digest – 008

Yeah! It another digest after some time out.

I wish I could keep to the title of the digest series with the daily tag use, but sometimes circumstance can act very naughty against personal goals.

Whichever way, it’s been fun writing about blockchain and crypto related stuff as I found a passion that would be hard to let go within the sphere.

Setting out with this digest series – my aim was to push myself to put something out there every day but I need to take things as it is presently and work towards being fairly independently (a day I can’t wait to experience) then I can start blaming my self more. Who knows ‘crypto might just be the mantle of liberty’ I so much crave.

Enough of the stories.

Let get into today’s digest.

“Silence after a sudden noise” – I couldn’t find a better phrase to qualify the present market condition. The king has chosen to fend off intruders by setting up some resistance at $4,900-$5050 marks. Tested many times but not broken, the fortress seems to be HODLing. It’s now a question of if the exhausted bears would finally surrender and run off into their jungle to allow the King expand his dynasty, or if they will keep fighting until there is no more legacy left in their veins.

Whatever their decision is, their time of merriment seems to be over.

It is understandable why they find it giving up so easily, no one could simply give up after colonizing a place of abundance for so long, the taste of the blood shed by longs still makes butterflies in their stomach, sustaining them even through the harsh winter without a single loss in meat mass.

Now, the juvenile bulls in their big numbers are waiting rather impatiently inside the fortress, picking up every meal they could to build up their strength for the upcoming great run, while their wearing fathers hold up the tiring bears over the walls.

This for sure would be a run that would go down in history, their numbers are that much terrifying.

Some discussions you should be part of.

Pixabay Image

Reddit

The HODL legacy persists among believers, demonstrated in different ways. This demonstration is truly explicit.

You must have heard of some crypto related suicide which may be very terrifying to your ears, but be ready to hear the shock of a life with the staggering number of suicide the 2008 financial crisis caused.

Undercover reports on bitcoin bull run imminency.

Another exit scam.

A crypto startup that developed wallet without private keys. Incredible!

Twitter

The launch of the widely awaited Binance chain.

English Premier league cryptocurrency sponsorship deal is gaining more exposure.

Russian operative used cryptocurrency at almost every stage in their online efforts to interfere in the 2016 U.S election.

Reports and Updates In The News

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It is a famous story in the bible – the story of David and Goliath.

The small boy of few age from nowhere who defeated a full-grown Man with immense strength and reputation. Growing himself to become a great king that ruled a big kingdom.

This story could be compared to a startup that developed so aggressively to become the industrial leader disposing all Goliaths that ruled for many years before its birth.

I am talking of no one but the Binance exchange. The leading exchange that seems to be running on a non-extinguishable volcano.

Binance took the industry by storm, setting new rules and examples as it progresses upward. Now, the company standards are being considered as a template for future developments by other exchanges.

When it comes to marketing Binance is exceptional, talk of the product; the company knows exactly how to mould its mole, what of a sustainable community and growth, they perform incredibly.

As part of its development, Binance recently launched its scalable mainnet chain migrating it token from the Ethereum chain which swap will commence on the 23 of April.

Right before it gets started, a project “Mithril” whose focus is on social mining i.e the act of rewarding content creators by the community of readers and curators, has already taken a spot as the first project to migrate to the Binance chain.

Read more about this migration now on Cointelegraph.

Take Your Crypto Privacy to Another Level

Traditional services we have been accustomed to are making the slogan “be your own bank” a hard nut to crack for the majority. If any crypto follower would tell about his/her greatest challenges, keeping and safeguarding private keys would make the top of the list.

Rewiring from the addicted old ways of trusting centralized services with our wealth and property demanded more mindfulness than we are ready to give.

But our negligence comes with the price of dashing away our magical money straight to the mouth of the masked wolves.

Mostly, the simple mistakes we make comes from the pattern of our behaviors when dealing with these digital assets rather than the direct theft of the coins from our physical devices.

This guide is meant to show you some little steps and precaution you could adopt to strengthen your privacy and improve your online behaviors when it comes to crypto dealings.

Read the guide now on news.bitcoin.com.

YouTube

Crypto market update from Nugget’s news.

https://youtu.be/J0962fVmspE

Other updates and reports in the news

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Poloniex supports Tether USDT on the Tron network.

Maker holders debate on whether to raise the stability fee for the DAI stablecoin.

Bitcoin SV is struggling with its large block size after a series of block re-structuring. 

Research shows some America retirees hold some bitcoin while the majority haven’t heard of it before.

Potential benefits and drawback of central bank owned cryptocurrency outlined by The Bank of Russia.

Coinbase saw 60% less than the forecasted revenue for 2018.  

IOTA and Evrything are providing their solution to aid transparency in the supply chain consumer goods sector.

Enjoy this meme as I round up this digest. 

Sourced from a Reddit post.


Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.


Cheers 🙂

Disclaimer

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 are linked to their respective sources without being taking word for word except in quotes and references.


A Needed and Wellness Deserved Breather

Crypto is down this morning especially the leaders such as EOS and LTC. The upside damage has been done to the bears and a well deserved breather is OKAY at this point. The major moving averages have been crossed and now we need them to hold. This is the time where you accumulate on the down days baby!

I am looking for EOS to not drop under $4 and to hold the prior resistance again. LTC is pulling back faster and the rest of the crypto space will follow. The only asset that isn’t that is of importance to me is

Bitcoin Technical Analysis: On Edge…The Bullish and Bearish Case

Bitcoin is once again testing the top of what appears to be a bullish ascending triangle. In my last update we discussed expecting resistance around $5,350. Daily volume remains relatively strong at just above $13 billion.

At the moment, most analysts are monitoring the 50 and 200 day MA. Will we get a Golden Cross?

Shorts have been stacking over the last 48 hours while longs are dropping. This does suggest a break up…at least temporarily to liquidate short positions.

While things are looking good for bulls overall, the bears may not yet be done fighting.

In today’s analysis I discuss the bullish and

? Daily Crypto News, April, 19th?

  • Binance Chain Launches, Firm Expects to Execute Mainnet Swap on April 23;
  • Bitcoin Price Indicator Turns Bullish in First Since Early 2018;
  • Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says;
  • NYDFS: Why We Rejected Bittrex’s Application for a BitLicense;
  • US Presidential Candidate Andrew Yang Calls for Clear Crypto Regulations;
  • ? Daily Crypto Calendar, April, 19th?
  • STEEM Trading Update

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

? Binance Chain Launches, Firm Expects to Execute Mainnet Swap on April 23

Binance has launched its mainnet Binance Chain and expects to execute the swap of its native token Binance Coin (BNB) on April 23, according to an announcement on April 18.


The major crypto exchange first revealed its plans to launch its own blockchain in December 2018, intending to build a basis for issuing new cryptocurrencies and initial coin offering tokens.


According to the announcement, Binance is producing blocks with consensus from the genesis block as of today, with its native coin BNB planned to be issued in the genesis block.


Binance Chain Explorer and Web Wallet will be available to selected partners in beta testing mode and are expected to be opened to public access “around April 23, 2019,” the announcement notes.

? Bitcoin Price Indicator Turns Bullish in First Since Early 2018

Bitcoin’s two-week moving average convergence divergence (MACD) histogram has turned positive for the first time since early February 2018, signaling a longer-term bearish-to-bullish trend change.

While the MACD is a lagging indicator, the historical data indicates the previous bull market began following a positive crossover on the indicator.

In the short term, BTC’s hourly chart indicators have turned bearish, so a drop to $5,000 could be seen in the next day or two if crucial support below $5,200 is breached.

Prices may still rise to recent highs above $5,400 if the bulls can defend the that support level and drive price upwards.

? Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says

Donald Tapscott, executive chairman of the Blockchain Research Institute,  stated that the official Chinese currency, the renminbi (RMB), will become a cryptocurrency, in an interview with Bloomberg on April 17.
In the interview, Tapscott revealed that he had recently been at a meeting with the vice-chairman of the Communist Party in China, who recalled that President Xi Jinping thinks that blockchain is one of the most important technologies for the future of the country.


Speaking about the government’s ban on cryptocurrency exchanges, Tapscott outlined that China is considering to ban cryptocurrency mining as well, and added:


“It’s not really necessary to do that [to ban exchanges and mining] because in 20 years we are not going to be using bitcoin in China. Chinese people will use the RMB, only the RMB will become a cryptocurrency. The central bank of China will turn it into a digital currency.”

?NYDFS: Why We Rejected Bittrex’s Application for a BitLicense

Bittrex purportedly aims to get the facts straight about the denial of its license applications by the New York State Department of Financial Services (DFS) in recent statements to the media (including CoinDesk). But, the cryptocurrency exchange leaves out the context necessary to understand its failures to comply with DFS’s licensing requirements, it continues to misstate the facts and it presents a misleading picture about the denial.


First, Bittrex claims that DFS did not provide guidance to the company and that the company’s applications sat on DFS’s desk “for years.” These statements are untrue.


Bittrex either misunderstands or misrepresents the meaning of guidance from a regulator in the context of a license application. DFS’s guidance consists of informing an applicant of the regulatory requirements for a license and pointing out deficiencies that need to be addressed before a license is granted. The corrective work to address deficiencies remains the applicant’s responsibility.

? US Presidential Candidate Andrew Yang Calls for Clear Crypto Regulations

Andrew Yang, a United States Democratic presidential candidate for the 2020 elections, is advocating for clear regulations on digital assets. Yang put the key operative points in a policy published on his campaign website.


Yang — an entrepreneur who contributed $120,000 to establish Venture For America (VFA), an accelerator aimed at building new startups in emerging cities — is running for president in 2020. As part of his presidential campaign, Yang stands for the implementation of cryptocurrency and digital assets regulation in the country.


In the release, Yang outlines that the government has failed to develop and launch a national framework for regulating digital assets, while several federal agencies claim conflicting jurisdictions. Yang stresses the need to define how digital assets should be treated and regulated in order to ensure that investors proceed with all the relevant information.

Yang said:
“We should let investors, companies, and individuals know what the landscape and treatment will be moving forward to support innovation and development. The blockchain has vast potential.”

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? Daily Crypto Calendar, April, 19th?

Our testnet launch includes Wallet BETA (Desktop & MAC version) testing and DApps (Decentralized Application) testing.

DigiByte Global summit will be live streamed on https://vimeo.com/330997656 at 12 noon GMT.

Binance hosts NavCoin for an AMA event (in Spanish).

“Deposit & Withdrawal to start at 22:00 p.m. EDT on Apr 17th, 2019. Trading to start at 10:00 a.m. EDT on Apr 19th 2019.”

ANON performs coin burn, hard coded for block 48,500, on all shielded addresses.

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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

Today, we tested the resistance line at 0.43$ several times but we havent been able to break it… So we are staying just under that line, waiting for the volume needed to break it or waiting for the sellers to take the advantage. Let’s see who will win in this battle but for sure we will need a Break Out to know the next direction.

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Last Updates

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Lol at those who don’t believe in Technical Analysis $AAPL

Supply, demand, and human emotions my friends. This is what makes a market. As you know I talk Markets all the time and constantly looking for great companies and stories. I combine fundamentals with technicals, but technicals usually tell me the fundamentals before hand.

News drives stocks, there is no doubt about that. However there are many times that the market tips its hand, or someone knows “something” that will initiate the technical move before the fundamentals hit. One example of technicals ruling is the $AAPL selloff. While $AAPL was at $250 I said that I would not buy it

Analysis on Bitcoin, EOS, BNB, BAT, ETH and XRP.

Bitcoin continues to hold above $5,000, giving many investors confidence in various altcoins. In today’s video I quickly analyze Bitcoin, EOS, BNB, BAT, ETH and XRP. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

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

If you found this post informative, please:

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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005Feature Image By: Saul Gravy

The RED List

The Red List is a list of threatened and endangered species. That’s not the list we’re talking about today. We’re talking about this one:

From https://www.tradingview.com

That’s the little tab which I click on first thing every morning when I open TradingView. The Red List is the list of highlighted stocks, cryptos, commodities etc which I consider most important to me and which I like to keep a close eye on.

Unlike most of my posts, this one does not come from my pre-planned and dynamic list of “topics I must blog about when I get a chance”. This post was conceived last

? Daily Crypto News, April, 18th?

  • Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings ;
  • Auditor EY Unveils Nightfall, An Ambitious Bid to Bring Business to Ethereum;
  • Coinbase Expands Crypto-to-Crypto Services to 11 More Countries;
  • Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets;
  • Demand for Legal Experts With Blockchain Tech Knowledge is High, Report;
  • ? Daily Crypto Calendar, April, 18th?
  • STEEM Trading Update

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

? Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There wasn’t any determined conclusion to the debates, but the IMF’s Christine Lagarde admitted that cryptocurrencies have shaken the established global financial order.


“People now find that digital payments and keeping their money in digital form is much more suitable to their needs. It means that within a couple of years, given current trends, Swedes will no longer have access to central bank money, because notes are the central bank money.”

? Auditor EY Unveils Nightfall, An Ambitious Bid to Bring Business to Ethereum

Big Four professional services firm EY is rolling out free software designed to help corporate clients use the ethereum blockchain – and it’s taken an unusual step to encourage adoption.


Announced Tuesday, EY’s protocol, internally code-named Nightfall, has been developed over the last year by the consulting firm’s team of over 200 blockchain developers and will be published in May. The protocol was created for such use cases as supply chains, food tracing, transactions between branches of a company and public finance.


Like other enterprise blockchain platforms, Nightfall takes advantage of a technology called zero-knowledge proofs to allow private transactions on a shared ledger. But unlike most such endeavors, EY’s software is intended to run on top of the public ethereum network, not a private variant.

? Coinbase Expands Crypto-to-Crypto Services to 11 More Countries

Major American cryptocurrency exchange and wallet provider Coinbase has expanded its crypto-to-crypto trading to more countries, according to a blog post published on April 17.


Coinbase and its professional trading platform Coinbase Pro have introduced crypto-to-crypto conversions and trading to 11 more countries in Latin America and Southeast Asia. The product is now also available to Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.


Coinbase customers in the aforementioned countries can now store, trade, send, and receive cryptocurrencies. The exchange suggests in the post that cryptocurrencies’ are moving from the current “investment phase” into the “utility phase” following a number of new use cases. Coinbase explains:

?Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.


Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.


By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends to boost the fintech industry to stimulate economic growth.

? Demand for Legal Experts With Blockchain Tech Knowledge is High, Report

Demand for legal experts with blockchain technology knowledge is high, according to Major, Lindsey & Africa managing director Brian Burlant, who recruits for law firms and in-house legal departments. The news was published by legal news and information site Law.com on April 17.


According to Burlant, law firms are having difficulty keeping up with cryptocurrency and blockchain industry demands for lawyers because of a lack of candidates who really understand the technology. Burlant said that a lot of lawyers enter the space from regulatory practices or government, where they were engaged specifically in practices related to cryptocurrencies.

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? Daily Crypto Calendar, April, 18th?

LTO meetup at Mindspace Shoreditch, London discussing the industry in general and sharing insights on getting blockchain intto the masses.

“Join Chainlink and Wanchain as we demo an integration of a chainlinked smart contract that utilizes Wanchain’s cross-chain capability.”

Decent.bet launches its P2P esports platform on the closed beta testnet at the 2019 VeChain Summit in San Francisco.

The COO and CEO of 20|30 join the CEO of LTO at a meetup in London from 18:30 – 21:30 (BST).

“Join us in #aeternity’s main #Telegram tomorrow, 6 PM CEST, to win some prizes in #AE tokens:”

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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

At the time of writting this article, STEEM is on a little UP trend and we should test the resistance line at 0.43$ very soon now. If we are able to break that resistance line, it would be the first positive sign since days now for the STEEM. Let’s see what will happen in the coming hours. Crossed fingers !

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Last Updates

Join this new Free To Play on the STEEM Platform !


You don’t want to miss a Crypto news?

Follow me on Twitter or Facebook

Join SteemFollower and get Upvotes back !


Posted from my blog with


Posted from my blog with SteemPress : https://scrips.io/blog/mr-cryptolemon/%f0%9f%97%9e-daily-crypto-news-april-17th%f0%9f%92%b0/


Bitcoin and EOS Analysis: Quick Update

Bitcoin continues to trade within a tightening range. Volume is steady.

EOS is consolidating right below major resistance. Price is being squeezed with a series of lower highs and higher lows.

In today’s analysis I discuss where prices may be heading next, traps to avoid, how I’m trading and much more. I hope you find it helpful. Please forgive my voice…I’m still fighting a terrible cold that’s kicking my ass.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment

Buy Low, Sell High – or just Buy High

“Buy Low, Sell High” is the most simple and most fundamental rule of trading.

It’s amazing how much FOMO and FUD can affect that simple rule, too often people do the exact opposite: chasing the train after it’s left the station or panic selling a price drop near the bottom. But I’m not here to speak about trader psychology today, I’m here to speak to you about another not-quite-as-simple trading strategy: Buying High.

Obviously Buying High and Selling Low is a bad idea, that much anybody can tell you. But what about just Buying High and not selling? I believe that there are