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? Daily Crypto News, April, 17th?

April 17, 2019 (updated April 17, 2019) Published by
  • Following Community Poll, Kraken Delists Bitcoin SV;
  • EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins;
  • Craig Wright’s Fight With a Cartoon Bitcoin Astronaut Cat Explained;
  • Gate.io Raises $64 Million for Launch of New Exchange Cryptocurrency;
  • ? Daily Crypto Calendar, April, 17th?
  • STEEM Trading Update

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

? Following Community Poll, Kraken Delists Bitcoin SV

Major United States cryptocurrency exchange Kraken has decided to delist bitcoin (BTC) offshoot bitcoin SV (BSV), the firm announced on April 16.


In an official press release, Kraken said that BSV had “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.” As such, the exchange has decided to delist the currency, which was the result of a hard fork in the bitcoin cash (BTC) network last November.
1. Do I need to report my cryptocurrency trades to the IRS?

You need to report your cryptocurrency activity if you incurred a taxable event during the year. A taxable event is a specific scenario that triggers a tax liability. The below are a list of the taxable events as specified by the IRS 2014 guidance:

Trading cryptocurrency to fiat currency like the U.S. dollar is a taxable event.
Trading cryptocurrency to cryptocurrency is a taxable event (you have to calculate the fair market value in USD at the time of the trade).

Using cryptocurrency for goods and services is a taxable event (again, you have to calculate the fair market value in USD at the time of the trade; you may also end up owing sales tax).

? EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins

Is Coinbase going to solve the thorny challenges of proof-of-stake (PoS) blockchain governance or centralize those systems even further?


That’s the question experts in the space are pondering with the recent announcement that Coinbase Custody will offer staking support for Maker, Tezos and Cosmos. The move means institutional investors will be able to vote on blockchain governance matters directly through their Coinbase accounts.

? Gate.io Raises $64 Million for Launch of New Exchange Cryptocurrency

Crypto exchange Gate.io has raised $64 million worth of crypto assets in seven days for its own exchange cryptocurrency that won’t be launched on a blockchain for at least six months.


One of the oldest Chinese exchanges, Gate.io claimed on Monday that over the last week it was heavily oversubscribed with orders totaling $2.99 billion for the so-called Gate Points, which can be used for offsetting trading fees on the platform.


Moreover, each Gate Point further entitles a holder to receive 2.5 Gate Tokens (GT), the native cryptocurrency of Gatechain, the exchange’s yet-to-be-launched proprietary blockchain. Gate.io says it expects the network to go live in the fourth quarter.

?Craig Wright’s Fight With a Cartoon Bitcoin Astronaut Cat Explained

There’s a legal conflict brewing between outspoken members of the bitcoin community and the controversial computer scientist who claims to be the cryptocurrency’s creator.


It’s a complex story to untangle, but it boils down to Australian computer scientist Craig S. Wright – who has claimed to be bitcoin’s pseudonymous creator since 2016 – sending out legal letters to those community members that have called him a “fraud.”


While several news reports, as early as late 2015, identified Wright as Satoshi, and the lead maintainer of bitcoin at the time Gavin Andresen even lent his credence to the unmasking, security experts rebuked the claim, leaving many in the cryptocurrency community unconvinced. Yet, Wright has continued stating that he is Satoshi and those that believe that to be a false claim have continued to call Wright a liar.

? ConsenSys Is Seeking $200 Million in New Funding: Report

ConsenSys is seeking a funding boost.


Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion.


The Information reports that ConsenSys is pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this year, primarily from contracts with enterprise and government clients. Last December, the Brazilian National Social Development Bank confirmed to CoinDesk it was in talks with ConsenSys.


ConsenSys was previously supported by Lubin’s personal fortune and employed up to 1,200 people in 2018. When the price of ethereum plummeted after the 2017 token boom fizzled, ConsenSys laid off 13 percent of its staff. Following a late-2018 re-organization dubbed “ConsenSys 2.0,” it became clear that partnerships with traditional, external investors were a priority.

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? Daily Crypto Calendar, April, 17th?

Spend holds second AMA on Reddit with updates and announcements.

“Much will be revealed within seven days at our global main net launch — at the birthplace of Aergo at Seoul in South Korea; on April 17…”

Voice Calls in China

“We are pleased to announce that the HERB / KRW pairing will be held on 17 April starting at the @ProBit_Exchange Korean Exchange.”

“Join #Binance CFO @weizhouBinance & @BinanceLabs Partner @hiteck on April 17th at Paris Blockchain Week for a Binance meetup”

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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

Due to the BTC little UP, the support line at 0.41$ corresponding to the previous low has been saved after some hours. We are now in the middle of 2 lines but I would like really see that we are able to go upper than the resistance line at 0.43$ to confirm any Up trend. Till that point, I will stay very cautious about the STEEM which is not moving nicely on each UP of the BTC but is dropping with exageration on each little correction on the BTC.

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Last Updates

Join this new Free To Play on the STEEM Platform !

Basic Attention Token Demands Your Attention!

April 16, 2019 Published by

BAT is leading again folks. You can not learn relative strength quickly enough in this game. What goes up first? What doesn’t pullback much when everything falls? What goes up the most? What doesn’t fall hardly at all? What doesn’t go down on bad news?

These are questions you have to be asking yourself. This is how I hit LTC, BAT, and EOS on the lead off the bottom. I am expecting BAT to be printing highs again in the next 48 hours. We are headed back towards the recent highs in crypto and BAT is already there.

This does

Bitcoin Technical Analysis: Waiting to Move

April 16, 2019 Published by

Bitcoin continues to consolidate just above $5,000. Volume has been cut in half from recent highs, but remains relatively strong when compared to January and February. The market is taking a breath as traders await the next major move.

In today’s analysis I discuss where price may be heading next, key areas to watch, where I’ve placed my buy orders and so much more. 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

The Crypto Community has Spoken!

April 16, 2019 Published by

Something very interesting has been happening in crypto for the last week or so. If you didn’t look carefully, you may have missed the broader implications.

By now it is well known that self-proclaimed-Satoshi Craig Wright went after Twitter personality @hodlonaut, placing a bounty on his head in an attempt to find his true identity and saying that he would sue anyone else who denies that he is Satoshi Nakamoto. Craig wants people to identify hodlonaut by his tattoos and offered a 70 BSV reward (about $5000 at the time). However, this rewards is becoming less and less attractive as time

Can I Get A $LYFT ?

April 16, 2019 Published by

Talk about a complete shitshow of an IPO. LYFT went public a little over 2 weeks ago. After pricing at $72 by the crooked bankers, LYFT opens the market at a price above 85. Thank the big bankers for that. You can see what has transpired over the next ten trading days from this pump above the price.

A plummet. That’s right, straight down. LYFT is puking and is already down 24% from its IPO price and 35% from its opening price. That means if you got fed the bullshit by the big banks and bought the day LYFT went

French government FOMO’s into crypto!! Biggest news all year

April 16, 2019 Published by

French Minister of Economy and Finance Bruno Le Maire is going all-in into blockchain. At the opening of the Paris Blockchain Week he disclosed that he is a great believer in the technology and wants to make France a global leader in it. The French government wants to create a blockchain-friendly ecosystem and is going to actively work on stimulating the sector domestically. Le Maire also called on other international leaders to follow in France’s suit.

France is the first big nation to FOMO in!

His speech today was covered by some media, but nobody seems to have taken the time

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https://scrips.io/blog//at-the-limit-of-the-market-sustainability/"> April 15, 2019 Published by

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Just looking the simple chart provided by Coinmarketcap … Seems we are right now in the border of another decisive moment. There is a Head and Shoulder pattern flying over the crypto market and the recent decrease in volume does not help so much to sustain the growth:

Market has reached an amazing value of 186 Billion recently but now is struggling at the 170 Billion area…if this trend holds longer and the market overpasses the 167 Billion I am afraid we are going to see again a drop to the 145 Billion, a total market cap value previous to this

The Crypto Market Cap Pullback After an Obvious Hitting Resistance Level

April 15, 2019 Published by

Sometimes you just need to look at the broader picture.  Yes, it would be nice to see recent crypto rally continue, but getting a pullback was pretty obvious once you look at the total crypto market cap chart.
Major Resistance Stops the Rally for Now
Looking at the chart in this post you can see market cap rallied up to that prior support level only to hit it’s head a few times before backing off.
The good news is the rejection wasn’t hard and fast so even if we were to sell off some more I like the price action still.
Market cap failing

$TWTR is on the Move, Holding $34

April 15, 2019 Published by

Twitter is on the move this morning holding the $34 and moving into the resistance level of $35-35.50 for it seems like the 1000th time. A small pullback was needed to relieve some pressure but I am looking for the Tweeter bird to break through this level this week.

A strong open is some mega progress and I believe if the market holds in today we may get a good upswing t continue the now bullish trend. The pattern is there, we just need this baby to resolve higher. The longer it stays at the top end of this range,

BITCOIN: Trip to 6200 USD, 5-3-5 Correction

April 15, 2019 Published by

Elliot Waves count still valid and progressing towards the 6200 USD target.

Currently building what seems to be a 5-3-5 Zig-Zag correction in order to complete wave 4 as shown at the 4h Chart:

Red a-b-c correcting waves can be identified as 5-3-5 Zig Zag type using the 1Hour chart:

If this assumption is correct, we should see a drop towards the range of prices ranging between 4800 and 4600 USD on which I am laddering some buying orders.

That level of price would mean the completion of the 4th wave and the start of the upwards 5th towards the major resistance:

Below 4600 USD

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