🗞 Daily Crypto News, May, 24th💰

  • Facebook to Roll Out ‘GlobalCoin’ Cryptocurrency in 2020, Report Says ;
  • US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay ;
  • Russian Central Bank to Consider Gold-Backed Cryptocurrency ;
  • Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India ;
  • Ethereum Investment Vehicle Approved for Small Investors ;
  • 📑 Daily Crypto Calendar, May, 24th💰
  • STEEM Trading Update

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

🗞 Facebook to Roll Out ‘GlobalCoin’ Cryptocurrency in 2020, Report Says

Social media giant Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020, according to a report from BBC.


The news outlet said on Friday that Facebook is planning to launch the cryptocurrency-based payments system in “a dozen countries” by the first quarter of 2020 and is looking to start trialing it by the end of this year.


More details about Facebook’s crypto plan are said to be revealed in the coming months, the report said. It further added Facebook had looked for advice from officials of the U.S. Treasury and the Bank of England governor Mark Carney regarding opportunities and regulatory issues for the initiative, which is internally referred to as “Project Libra.”

🗞 US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay

United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online, according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay.

BitPay is a platform that converts cryptocurrencies to fiat and is used by over 20,000 businesses. AT&T is reportedly the first United States-based business in the wireless network industry to offer bill payments with BitPay.
Kevin McDorman, vice president of AT&T Communications Finance Business Operations, said, “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”.


🗞 Russian Central Bank to Consider Gold-Backed Cryptocurrency

Russia’s central bank will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to a Tass report.


Elvira Nabiullina, governor of the Bank of Russia, said Thursday that her institution is to review a proposal for the development of the cryptocurrency.


Nabiullina said at the nation’s lower house, or Duma:
“As for mutual settlements, we will consider, of course, [the] proposal on … a gold-backed cryptocurrency. But, in my opinion, it is more important to develop settlements in national currencies,” she said at the State Duma.

🗞 Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India

An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains. Meanwhile, the Indian crypto community and industry bodies have urged the central bank to allow crypto businesses to participate in its new regulatory sandbox.

“Regulation would ensure transparency, oversight and accountability. The onus or burden on the government may be shifted to exchanges or other platforms offering virtual currencies or trading thereon.”

🗞 Ethereum Investment Vehicle Approved for Small Investors

Individual investors will soon be able to invest in Grayscale Ethereum Trust, billed as “the first U.S. publicly quoted security solely invested in and deriving value from the price of ethereum.”


The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulatory organization (SRO), has approved public quotation of shares in the trust, Grayscale Investments announced Thursday.


“All kinds of investors will be able to gain exposure to the price movement of ethereum without the challenges of buying, storing, and safekeeping ethereum,” wrote Marissa Arnold, a spokesperson for Grayscale, in an email to CoinDesk.

📑 Daily Crypto Calendar, May, 24th💰

“Please tune in tomorrow at 9-10AM PST for our AMA with @binance!”

Veros roadmap will update on May 24, 2019.

The next SmartCash community meetup will be this Friday at 18:00 in Kaliningrad.

Announcement on the upcoming FT public chain & ecological strategy presentation and community congress for the first anniversary of FCoin.

“Rebranding and Hardfork will be estimated approximately at 19.00 UTC on Friday May 24.”

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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

We are still under the resistance line around 0.39$. We tested it several times these last day but till now, we are not able to break it more than some minutes. We could finish to have a correction to go test the support line at 0.33$ but I still have the hope that the BTC will continue its UP and that we could finish to break that resistance on the STEEM with that help. Let’s see what will do the BTC in the coming hours.

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🗞 Daily Crypto News, May, 23rd💰

  • The Consensus 2019 Videos Are Live;
  • Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court ;
  • South Korean Gov’t Announces Second Study Group for Blockchain Regulations ;
  • Binance CEO CZ Is Suing VC Giant Sequoia for Reputational Damages
  • Dash brings anti-51 percent attack software upgrade to mainnet ;
  • 📑 Daily Crypto Calendar, May, 23rd💰
  • STEEM Trading Update

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

🗞 The Consensus 2019 Videos Are Live

The official Consensus 2019 videos are now available for public viewing.

Our official Consensus 2019 video page is now live and features a slate of amazing talks from the Consensus main stage, our Business and Markets tracks, as well as our developer-focused Construct.


In these videos, you’ll hear from the likes of ConsenSys founder Joe Lubin, SEC commissioner Hester Peirce, 2020 presidential contender Andrew Yang, former U.S. Representative Ron Paul and Tron founder Justin Sun, among many more.


https://www.coindesk.com/the-consensus-2019-keynote-videos-are-now-live

🗞 Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court

Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22.


Per the post, Justice Joel M. Cohen of the New York Supreme Court (NYSC) ruled to grant the companies their motion for an immediate stay of the document demands. The court thus only requires the parties to produce documents and information related to whether there is personal jurisdiction over the companies in New York, while staying the document order in all other regards.


In yesterday’s motion, law firms representing the two companies specifically argued that the New York Attorney General (NYAG) has neither personal nor subject matter jurisdiction and that the NYSC cannot be appealed to, because Bitfinex and Tether are neither operated out of New York nor harmed investors in that state.


🗞 South Korean Gov’t Announces Second Study Group for Blockchain Regulations

The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21.


The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain tech could achieve widespread institutional adoption.


The Blockchain Regulation Improvement Study Group was launched in June of last year, and initially focused on improving legal regulations pertaining to blockchain tech such as personal privacy, smart contracts, electronic documents and digital signatures, and the application of distributed computing systems.

🗞 Binance CEO CZ Is Suing VC Giant Sequoia for Reputational Damages

Binance founder and CEO Changpeng Zhao is taking a unit of Sequoia Capital back to court after the VC investor’s case against him was dismissed.


The crypto exchange mogul, nicknamed CZ, claims Sequoia Capital China hurt his reputation and prevented him from raising money at favorable valuations and wants the VC giant to compensate him.


According to a filing submitted on May 20 to the High Court in Hong Kong and obtained by CoinDesk, Zhao has sent an application via his attorneys for a hearing before the court chambers on an order for “immediate summary of assessment of damages.”

🗞 Dash brings anti-51 percent attack software upgrade to mainnet

Dash’s highly-anticipated “anti-51 percent attack” network upgrade has finally been completed, marking “one of the most important updates” in the blockchain’s five-year history, according to an emailed statement from the Dash Core Group.


The company behind the Dash cryptocurrency announced today that the Dash Core v0.14.0 software upgrade has officially gone live on its mainnet. The upgrade aims to solve the nightmare of 51 percent attacks while also providing near-instant transaction times, as Dash Core Group COO Robert Wicko previously explained in an interview with Decrypt.


While it is incredibly rare, a 51 percent attack is a dangerous occurrence. Mostly, it happens when a single party obtains over half of the total mining power on a cryptocurrency network. Using the computing power under his control, the attacker can easily manipulate the ledger, and steal the tokens.

📑 Daily Crypto Calendar, May, 23rd💰

“We would like to invite a few of you to partake in a closed beta test (starting May 23rd)…”

“Ask your questions for the team in this #Reddit thread. We will be live on @YoutTube, Thursday 5/23 @ 6PM UTC (2pm EST)”

Trade FUEL on Nauticus exchange to win a share of 5 million FUEL.

We will hold a roadshow called Block Talk that is organized by the Nodes community. May 23 2019, Jakarta, Location: Pique Nique.

“We will celebrate our 1st #anniversary on May 23 and we decided to organize a monthly 100 $CCX giveaway to 5 of our node owners….”

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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

As expected yesterday, we did a new test of the resistance line at 0.39$ but we failed again to break it. It is always better to avoid a second fail on this kind of test but a third or even more tests could still be successfull so no drama till now. However, the more we fail to break that line, the more we have propabilities to see a correction taking place so as already explained yesterday, I really hope we will be able to break it asap.

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Unusual Options Activity In T-Mobile

Two months ago, the U.S. Justice Department told T-Mobile US Inc and Sprint Corp that it opposes their planned $26 billion merger in its current form. A biggest issue being that if approved it would reduce the number of national wireless carriers available to consumers from four to three. The thought is if there is less competition, consumers are susceptible to higher prices, in this case higher cell phone bills.

On Monday, it was announced the merger received support from the Federal Communications Commission in a significant step toward the deal’s approval.  FCC Chairman Ajit Pai, a Republican, came out in

Read More

US Interest Rates Analysis Report 5/20/19 – Are Rates Eventually Going Higher???

Every since the interest rate on the 10 year note peaked in 2018 at a little lover 3.2%, the yield has been on a steady decline falling over 100 basis point in the last eight months. That might not see like a lot, but that’s almost a 33% decline.

NOTE: One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument. The relationship between percentage changes and basis points can be summarized as follows: 1% change = 100 basis points, and 0.01% = 1 basis point.

Bond yields are poised to rebound as

Read More

Dr. Copper Suggests The Equity Markets Are On Thin Ice

I last wrote about Copper one month ago,

Is Dr. Copper About To Breakout??? – Part 3

But the other reason is prices are waiting to see if a US-China deal will be reached.  Thus, the only way to play copper at the moment is to play the extremes and consider anything in the middle as equilibrium.

Whenever, I want to know where the Equity Markets are heading, I look to Doctor Copper. The term Doctor Copper is market lingo for the copper’s ability to predict turning points in the global economy. Rising copper prices imply demand or a growing global economy and

Read More

Vodafone Is A Great Long Term Short – Part 2

Six months ago, I wrote a post about Vodafone.  Vodafone Group PLC is a British international telecommunications company that operates networks in 26 countries and ranks fifth by revenue among mobile operator groups globally.  From a macro viewpoint, technical viewpoint and fundamental viewpoint, Vodafone was flashing, SELL ME.

In the post I stated that Vodafone was cash strapped and won’t be able to service its debt, but if it wanted to keep up with the competition, it would have to find cash for 5G capital investments.  At the time,  Vodafone shares were at a three year low, but the charts were

Read More

All Eyes This Weekend On…..Soybean Prices – Part 3

Four months ago, I wrote about Soybean prices moving higher.

All Eyes This Weekend On…..Soybean Prices – Part 2

Well, price is hugging that trend line like a couple in love and finally breached the upper range at $920. The chart is suggesting price will pull back before moving higher to the daily supply at $957.

However, since that time, Soybean prices are at levels not seen in ten years. In recent months, the African swine fever has wiped out 1 million hogs in China, Europe and Southeast Asia which is going to put a dent in soybean demand as that is a

Read More

Intermarket Relative Strength Analysis Report For The Week Starting 5/12/19 – Part 2

Three days ago, I wrote,

Intermarket Relative Strength Analysis Report For The Week Starting 5/12/19

which talked about the major assets classes in the world, relative to the US dollar using just moving averages. Why the US dollar, because it’s still the most powerful currency in the world and   over half of all foreign currency reserves in the world are in US dollars.  The results were the following:

implying that Gold was showing strength relative to the US dollar going into this week.

Gold futures rose on Monday as investors increased bets the economy would weaken enough to cause the U.S. Federal Reserve to

Read More

Party Like It’s 1964 – Part 5

This series has been fun, maybe because it’s a party and there is a bit of rum punch left in the bowl.  Lets recap a little bit before we discuss today’s post.

Three months ago I wrote,

Party Like It’s 1964

The Dow Jones Industrial Average DJIA rose 181 points on Friday, making it the ninth straight weekly gain for the Dow and the first time since 1964 that the DOW rose in the first 8 weeks of a calendar year.This recovery since the Christmas lows is primarily due to Fed Powell succumbing to the Markets demands and putting its interest-rate policy on

Read More

🗞 Daily Crypto News, May, 10th💰

  • Facebook May Announce FB Coin Stablecoin in Q3, Say Anonymous Sources;
  • A New Crypto ETF Has Just Been Filed With the U.S. SEC ;
  • SEC Commissioner Hester Peirce Concerned Crypto Industry Hindered by Regulatory Delays;
  • All of It Dark, All of It P2P: After the Binance Hack, Bitcoin Doesn’t Cut It
  • ConsenSys Announces Major Restructuring as Longtime Executive Kavita Gupta Steps Down ;
  • 📑 Daily Crypto Calendar, May, 10th💰
  • STEEM Trading Update

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

🗞 Facebook May Announce FB Coin Stablecoin in Q3, Say Anonymous Sources

Social networking giant Facebook is hiring PayPal staff ahead of its alleged cryptocurrency launch, Bloomberg reported on May 8.


Facebook, which has courted rumors over its planned entry into blockchain and payments for around a year, could launch its own token as soon as Q3 2019, anonymous sources told the publication.
The company began hiring for a dedicated blockchain team last year, under the auspices of David Marcus, himself a former president of PayPal.


Now, around 20% of the team’s 50 members come from the payments platform, a situation reminiscent of the so-called “PayPal Mafia” executive group of the early 2000s.

🗞 A New Crypto ETF Has Just Been Filed With the U.S. SEC

A prospectus for a new cryptocurrency-based exchange-traded fund (ETF) has just been filed with the U.S. Securities and Exchange Commission (SEC).


The application, posted by the SEC on May 9, was created by Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto Asset Management LLC, to track the performance of a market capitalization-weighted portfolio of bitcoin (BTC) and ether (ETH).


Dubbed the USCF Crescent Crypto Index Fund (ticker symbol “XBET”), the ETF is sponsored by United States Commodity Funds LLC (USCF), which will invest XBET’s assets in the two portfolio cryptocurrencies.
The prospectus states:


“XBET is an exchange traded fund. This means that most investors who decide to buy or sell shares of XBET place their trade orders through their brokers and may incur customary brokerage commissions and charges. Shares of XBET are expected to trade on the NYSE Arca under the ticker symbol “XBET” and will be bought and sold throughout the trading day at bid and ask prices like other publicly traded securities.”


🗞 SEC Commissioner Hester Peirce Concerned Crypto Industry Hindered by Regulatory Delays

United States regulator and so-called “crypto mom” Hester Peirce gave remarks in which she expressed fears that the cryptocurrency industry has been hindered by the Securities and Exchange Commission (SEC) dragging its heels. Peirce spoke at the Securities Enforcement Forum in East Palo Alto, California on May 9.


In her speech, Peirce stated that, given the rapid development of the digital currency industry, she worried that the SEC’s hesitance to provide clear guidance would hold back its growth.


The sticking point was, according to Peirce, how to decide when issuing tokens represented an offering of securities, especially considering that securities laws do not cease to apply just because there is a new evolution in the industry.

🗞 All of It Dark, All of It P2P: After the Binance Hack, Bitcoin Doesn’t Cut It

Binance, the biggest crypto exchange by volume, was hacked on Tuesday. The hacker took $40 million or 7000 BTC.


Binance had a chance to recover these funds. They could cut a deal with the majority hashpower miners. The miners would reverse the chain and gain a share of the stolen money.


Binance this time decided not to make the deal with miners. And as time goes on, the attack becomes harder. But all it took was a private phone call. The majority hashpower lies under control of a handful of men. They can collude and reverse the chain.

🗞 ConsenSys Announces Major Restructuring as Longtime Executive Kavita Gupta Steps Down

New York-based blockchain company ConsenSys is restructuring its various operations to shore up its market presence as it seeks $200 million in funding, a press release confirmed on May 6.


In a move which will also see the departure of a founding executive, ConsenSys will consolidate ConsenSys Labs, accelerator Tachyon and VC operation, ConsenSys Ventures, under one umbrella investment arm.


ConsenSys Ventures, which launched in September 2017, will no longer have Kavita Gupta at its helm, she confirmed to cryptocurrency news outlet The Block on Monday.

📑 Daily Crypto Calendar, May, 10th💰

Hubs hologram singing competition released for IOS and Android Mobile devices.

“2019 Harvard Blockchain Meetup Series #3 Creating Value: Blockchain Application and Real World Adoption.”

“Less than a week until our Rocket League Tournament, which will be held on May 10th @ 7pm EST, and will also be streamed LIVE on Twitch.”

AXpire burns 5% of their revenue from the license fees of their Resolvr software at the beginning of each month.

Weekly rewards for Cointorox community members holding over 200 OROX (5% rewards). Token rewards distributed from leftover bounty 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

As I was saying you, after the break of the support line at 0.34$, the direction was directly 0.31$ but I was expecting that this line hold us. Apparently even this support won’t survive as we already broken it. However, this support can still be save if we are able to go upper of this line in the coming hours. Let’s hope because if the break is confirm, we will try to do for sure new lows on the STEEM…

image.png

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