General Mills prevails in false ad lawsuit over sugar content in cereals

General Mills prevails in false ad lawsuit over sugar content in cereals (Foodnavigator USA)

  • After a three-year long class-action lawsuit, the case accusing General Mills of falsely advertising its cereals as healthy when they contain high levels of sugar has been dismissed by a federal judge in California.
  • The judge noted there was no consensus on how much sugar is healthy (the FDA hasn’t updated their definition of the word since 1994 and also has no clear guidelines on how much sugar in a product is too much).
  • He further noted that “the actual ingredients were fully disclosed” on both the front and side panel of the company’s packaging and the plaintiffs therefore could not plausibly claim to be misled about the sugar content of their purchases.

Analysis and Comments

  • While the case was dismissed a few weeks ago, it’s still worth pointing out as it is not the only one of its kind; there are two similar lawsuits filed in 2016 against cereal makers involving the same law firm and some of the same plaintiffs which are still in play.
  • There’s also a class-action complaint claiming Kellogg overstated health claims on its cereals and cereal bars that  was recently referred to mediation.
  • Another lawsuit against Post is still in court, claiming that their packaging is allegedly misleading as it states that honey is the primary sweetener when according to the plaintiffs the cereal gets most of its flavour from cane and beet sugar, brown sugar, corn syrup, malted barley syrup, and molasses rather than honey.
  • This issue is unlikely to go away anytime soon (even though the ruling may speed up the closing of some of these cases), as breakfast cereals are a major source of free sugars in children. Sales volumes are likely to continue to go down because of the consumer backlash at their high sugar content.
  • Currently, in the majority of countries it is mandatory to have nutritional information for food and most drinks. However, the problem is that for the average consumer the data is meaningless because of its complexity. In the long term, we think that there is a strong possibility that graphic health warnings and traffic light labelling could be used for high-fat sugar and salty (HFSS) food and drinks.

Esports & Gaming News

Video game loot boxes should be classed as gambling, says Commons (The Guardian)

  • A House of Commons committee has advised that loot boxes should be regulated as gambling and banned for children.
  • The recommendation features as part of the DCMS report on immersive and addictive technologies and states that games featuring loot boxes that are paid for with real money (as opposed to earned as in-game rewards) should be marked as containing gambling and age-rated accordingly.
  • The report also touched on the concerning rise of deepfake videos, urging the government to include them as part of the duty of care principles for social media firms laid out in the online harms white paper.

Analysis and Comments

  • The most obviously impacted franchise would be EA’s FIFA, as Ultimate Team would presumably be captured by this proposal.
  • While not a helpful line for the broader industry, the regulatory overhang regarding loot boxes is not really news. Loot boxes are already banned in Belgium, which has resulted in several games being pulled from the market (as the only alternative would have been to obtain a gambling license).
  • In this case, the effectiveness of the measures will presumably be determined by their enforcement, as the rules could be easily flouted if parents or other adults allow their bank details to be used for under 18 year olds to purchase these type of features.
  • The country’s gaming trade body (UK Interactive Entertainment) said they would review the recommendations and “consult with the industry on how we demonstrate further our commitment to player safety – especially concerning minors and vulnerable people”. The government said it “will consider the committee’s report carefully before responding”.

Overwatch League, Nielsen Release AMA Viewership Data (The Esports Observer)

  • After entering a deal in April 2018, Activision Blizzard and Nielsen have now released viewership figures (average-minute-audience) on the Overwatch League (OWL) for the first time.
  • The data compares digital streams last year vs. digital streams and linear broadcast this year, showing that the OWL averaged 313k viewers globally and 95k in the US, an annual increase of 18% and 34% increase, respectively.
  • Notably, the median age of OWL is 24, which according to Nielsen data is far younger than the other leagues (NFL, NBA, MLB, NHL, MLS, the PGA Tour, and college football and basketball) which underscores the reach/impact esports have with younger demographics.

Analysis and Comments

  • The viewership figures are the most important metric when assessing an esport’s success; however, because companies and the media often provide different types of viewership figures with poor context, it is often unclear what thesenumbers actually mean.
  • As a result, streaming viewership is still often difficult to compare with traditional TV ratings, and previous attempts to do so have inflated the success of esports in problematic ways.
  • Activision Blizzard’s partnership with Nielsen is a big step in the right direction in establishing more usable and consistent metrics that will help better inform investors’ decisions (and will give them more confidence in the data).
  • Nielsen has been steadily growing its presence in the space and signed a deal with Riot Games earlier this year to measure League of Legends’ esports viewership – something we view as an exciting development as League is the world’s largest esport and has recently started introducing the franchise model to its national leagues as well.  

Patients seem willing, but few taking part in telehealth, poll finds

Patients seem willing, but few taking part in telehealth, poll finds (HealthcareDive)

  • According to a survey from Telehealth vendor American Well, 66% of consumers are willing to try telehealth, but only 8% have actually done it and 17% of those interested in virtual care were unsure whether the service was covered by their insurance.
  • Another study (from health system Intermountain Healthcare) found that only 20% of people had heard of telehealth, which American Well called “a tremendous opportunity”.
  • Additionally, two thirds of Americans are using devices that help them monitor their personal health and 50% use health apps.

Berenberg view

  • Telehealth is clearly increasing in popularity – the number of physicians reporting telemedicine as a skill rose 20% per year over the past three years according to a study from professional medical network Doximity – with younger generations the most likely to make use of the new virtual care services (surprise).
  • According to a 2018 study published in the Journal of the American Medical Association (JAMA), virtually conducted doctor-patient visits increased by 261% yearly between 2015 and 2017.  
  • However, the article also highlights the well-known gap between people saying they are willing to try something new and people actually then trying it – as well as the continued efforts required in consumer education.
  • The two key groups telemedicine providers have to convince are mothers (since they still handle the majority of their childrens’ doctor visits) and seniors (a tricky one, given the inherent reluctance to use the tech, but a lucrative and growing market which could probably be accessed by targeting the younger relatives who look after their care rather than the seniors themselves).

Teladoc: a specialized telemedicine company

Teladoc Share price

🗞 Daily Crypto News, September, 10th💰

  • Stellar to Airdrop 2 Billion XLM Crypto Tokens Worth $120 Million ;
  • Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan ;
  • IBM Now Holds 6 of 11 Seats on Hyperledger Blockchain Steering Board ;
  • VanEck’s New Bitcoin Trust Assets Total Just $41K in First Week ;
  • Japan: Bitcoin Surpasses XRP in Yen-Denominated Crypto Holdings ;
  • 📑 Daily Crypto Calendar, September, 10th💰
  • STEEM Trading Update

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

🗞 Stellar to Airdrop 2 Billion XLM Crypto Tokens Worth $120 Million

Chat with your friends – and get paid to do it.


The Stellar Development Foundation and messaging service Keybase announced Monday a 2 billion XLM airdrop, the largest in Stellar’s five-year history, worth roughly $120 million. Over the next 20 months, Keybase users can expect monthly airdrops of 100 million XLM.


Keybase currently has 300,000 active users across its various services, according to the company.
“All you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet – automatically, every month, for as long as the airdrop continues,” according to a draft blog post shared with CoinDesk.

🗞Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan

The popularity of the decentralized blockchain-enabled web browser Brave continues to grow as it has outranked other browsers in Google Play rankings in Japan.


Brave beats rival browsers


According to a Reddit post on Sept. 8, this is the first time that the privacy-focused Brave browser has overtaken its rival browsers such as Firefox, Opera and Chrome in Japan. The most recent ranking data from Google Play shows that Brave sits comfortably at number 10 on the list, while its closest competitor Firefox lags behind, occupying 14th place.


A Google Play ranking is determined by how well apps perform against several key metrics such as crash rates, app-not-responding rates, excessive WiFi, location or processing in the background. 

🗞 IBM Now Holds 6 of 11 Seats on Hyperledger Blockchain Steering Board

IBM has doubled the number of its employees on the technical steering committee (TSC) of Hyperledger, stoking concerns about the tech giant’s influence on the enterprise blockchain consortium.


Six out of the 11 2019-2020 TSC members announced last week are IBM employees. Five work at Big Blue itself and one, Mark Wagner, is a senior principal engineer at Red Hat, an IBM subsidiary. By comparison, the previous year’s TSC had only two IBM representatives and the same number of total seats (Wagner served on the committee, but IBM’s acquisition of Red Hat did not close until July 2019).


The new committee will begin governing after the new TSC chair is elected next week.

🗞 VanEck’s New Bitcoin Trust Assets Total Just $41K in First Week

Investment management firm VanEck has issued just 4 bitcoins (BTC) via its new trust focused on institutional investors. 
VanEck: one week, one Bitcoin basket


Data from the company, spotted by economist and cryptocurrency commentator Alex Krüger on Sept. 10, showed that since its launch at the start of the month, VanEck SolidX Bitcoin Trust 144A Shares total net assets are only $41,400.


The product, which caused a buzz after VanEck described it as being akin to an exchange-traded fund (ETF), caters strictly to so-called qualified institutional buyers, or QIBs.


“VanEck SolidX Bitcoin Trust 144A Shares… looks and feels like a traditional ETF,” its official description reads.

🗞 Japan: Bitcoin Surpasses XRP in Yen-Denominated Crypto Holdings

Fresh data from the Japan Virtual Currency Exchange Association (JVCEA) has revealed that as of April 2019, the value of yen-denominated Bitcoin (BTC) holdings has outstripped those in XRP on domestic exchanges. 


As Cointelegraph Japan reported on Sept. 10, the surge in the value of exchanges’ Bitcoin holdings coincides with the beginning of Bitcoin’s 2019 bullish uptrend, which saw the top cryptocurrency hit close to $14,000 by late June. 

More XRP is being accumulated, but value declining

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📑 Daily Crypto Calendar, September, 10th💰

“We are happy to share with the community our dApp Testnet release on September 10th.”

David Atkinson at The Blockchain Centre at 7:00 PM in Singapore.

“At 1pm UTC on 10 September CEO @HMsheikh4 will be answering questions on @coin98_net’s Facebook page.”

“Gathering the key players in the blockchain space in town to discuss adoption, decentralized applications & financial systems”

Perth Meetup

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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

The zone around 0.165$-0.164$ starts to be a support zone and even we tried to break it several times, it looks like that the sellers have difficulties to go lower. We have the see what will be the results in the coming hours as we are just sitting on it but a UP bounce from that zone is possible.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Ethical Stock Investment To Launch On New York Stock Exchange

Ethical Stock Investment To Launch On New York Stock Exchange (PlantbasedNews)

  • Beyond Investing is launching the US Vegan Climate Exchange Traded Fund (VGN ETF) on the New York Stock Exchange on September 10th.
  • The ETF is targeted at vegans looking for climate-conscious investments and is constructed by taking “the Solactive US Large Cap index (a proxy for the S&P 500 Index) and [excluding] any stocks whose activities are incompatible with a vegan and climate-conscious approach to investing, replacing damaging stocks with midcap alternatives that meet its ethical criteria.”

Analysis and Comments

  • Flows to ESG and sustainability-focused funds have spiked this year, as investors continue to focus on the investment opportunities that address issues such as climate change, (plastics) pollution, or gender pay disparities.
  • Therefore, you should expect to see continued growth in the number of investment instruments focused on these issues, particularly as worries around uncompetitive “stranded assets” intensify.



🗞 Daily Crypto News, September, 8th💰

  • Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain ;
  • Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens ;
  • Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains ;
  • Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypt ;
  • Confusion over Cryptojacking: reports say the technique is rising and falling ;
  • 📑 Daily Crypto Calendar, September, 8th💰
  • STEEM Trading Update

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

🗞 Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain

Telegram’s blockchain project, TON, has entered the last preparation stage before going live.
The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer.


The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons.

🗞 Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens

French hardware wallets manufacturer Ledger announced that its cryptocurrency management software Ledger Live now supports Ethereum (ETH) ERC-20 tokens.


In a blog post published on Sept. 5, Ledger announced the version 1.14.0 of its Ledger Live software that now supports over 1,250 Ethereum-based ERC-20 tokens. The update has already been released for both mobile and desktop versions of the software.

🗞 Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains

Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this week


Market visualization. Source: Coin360

Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross the $11,000 mark, a price the cryptocurrency has not seen since Aug. 13, but it fell short and corrected down to $10,313. At press time the coin is trading at $10,521, up 1% on the day.

🗞 Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypto

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC).


Open standards are better
According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet’s native currency. Twitter CEO noted:
“I think open internet standards serve every person better than ones controlled or started by companies.”

🗞 Confusion over Cryptojacking: reports say the technique is rising and falling

 It seems like everyone and their dog is a cryptojacker these days. Just a couple days ago, the US Department of Justice charged Paige Thompson, the ex-Amazon employee who hacked into hundreds of millions of customer accounts from credit card company Capital, with the crime.

Thompson was exploiting the computing services of cloud servers to mine crypto, making a tidy profit. 


And “cybergendarmes,” the French police’s crack cybersecurity team, just rumbled a hacking group that used a network of 850,000 computers to mine the cryptocurrency Monero, reports the BBC.  

It comes as no surprise, then, to hear that cybersecurity researchers from McAfee Labs just found that crypto-jacking campaigns have risen 29 percent, according to a report released this week.

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📑 Daily Crypto Calendar, September, 8th💰

The Crypto School win burn 6000 TCS.

VEX (VEX/KRW, VEX/USDT) trading pairs. Deposits starting from Monday, 15:00 KST. Available for trading from Wednesday, 15:00 KST.

“Equal will be burning 12 million EQL in the third phase of the burn cycle.”

“Our new fee structure begins September 9th, and offers fee reductions for holding as little as 50 MTL…”

“On 9th September, Zilliqa and @Infinito_Ltd look forward to hosting a joint AMA .”

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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

The STEEM is doing a similar pattern than the BTC but I’m not sure that we will be able to go test the 0.18$. We drop litte bit too much compared to BTC (as it is often the case) and so that resistance level is still quiet far. If the BTC starts again to correct, I expect that we won’t test at all the 0.18$ resistance and that the drop will come back on the STEEM also.

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Last Updates

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Join this new Free To Play on the STEEM Platform !



🗞 Daily Crypto News, September, 7th💰

  • Blockchain Startup DappRadar Raises $2.33M From Naspers, Blockchain.com ;
  • Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October ;
  • The State of Security Token Regulations in Asia ;
  • Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own ;
  • How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business ;
  • 📑 Daily Crypto Calendar, September, 7th💰
  • STEEM Trading Update

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

🗞 Blockchain Startup DappRadar Raises $2.33M From Naspers, Blockchain.com

Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding.
$2.33 million to expand services 


On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group. Blockchain.com Ventures, a venture capital fund and subsidiary of Blockchain.com, and Angel Invest Berlin were also among the participants.

🗞 Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October

Ethereum’s testnet activation of the Istanbul hard fork has been pushed back to early October, according to the community manager of the Ethereum Foundation, Hudson Jameson.


According to CoinDesk on Sept. 6, Jameson said on a developers’ call that the testnet launch of the hard fork is now scheduled to take place in the beginning of October.

He added:


“For anyone listening in who doesn’t know how this works, we pick a block number that we estimate to be around the 2nd of October. […] However, that might be one or two days behind or forward from that date based on how fast blocks are produced between now and then.”

🗞 The State of Security Token Regulations in Asia

Since the cryptocurrency boom and initial coin offering craze of 2017, many countries in Asia have taken steps to clarify their regulations surrounding cryptocurrencies and security tokens.


In this article, we focus on the three countries that have the clearest regulations in place regarding digital assets, though there is still more work to be done.

Click on this link to see updated regulations in Thailand, Hong-Kong and Singapore


🗞 Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own

Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment.
Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release their own digital currency in the near future.

Powell added that cryptocurrencies raise a range of concerns including cyber security issues:
“If you think about one currency that was for the United States, it would really need to be cyber secure because it’s one thing to be able to counterfeit paper currency, it’s another thing to hack into a cyber currency and create, with a computer, however much of it you want.”

🗞 How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

 The Takeaway:
Crypto lending startup Celsius raised $50 million in a token sale in 2018.


Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral.


BitGo confirmed to CoinDesk that it held $1 billion worth of crypto deposits from Celsius over the past year.


CEL tokens are trading for roughly the same price today as they were last autumn, shortly after the token sale.


So far, Celsius says it has not been contacted by any regulatory body with concerns about CEL tokens.

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📑 Daily Crypto Calendar, September, 7th💰

The announcement for Vexanium Dapps Competition 2019 winner!

“Deep reorg protection is coming. Testnet until end of August 2019. Mainnet September 6th 2019.”

“The event will be the first of the EXANTE series on DeFi, decentralized finance.”

Shanghai Blockchain Technological Innovation Summit from 9:00 – 17:00.

“Xensor will be listed in IDAX exchange on September 6th, 2019”

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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

Till now and also due to the BTC correction, the UP that we had yesterday is becoming a simple PUMP and DUMP. We almost lost all the UP of yesterday so yeah, just consider it as a false signal. I traced for you the low on the STEEM around 0.155$. It is really possible that we go touch it quiet soon. Let’s see if we will have a bounce on that level.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

🗞 Daily Crypto News, September, 6th💰

  • China’s National Crypto Similar to Libra, Central Bank Official Says ;
  • Binance Launches Dollar-Backed Crypto Stablecoin With NYDFS Blessing ;
  • The State of Security Token Regulations in Asia ;
  • Blockchain, Cryptocurrency Not Proven Safe Havens Says Investor Mark Mobius ;
  • Someone Just Moved $1B in Bitcoin for $700 Fee, Overpaying 20 Times ;
  • 📑 Daily Crypto Calendar, September, 6th💰
  • STEEM Trading Update

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

🗞 China’s National Crypto Similar to Libra, Central Bank Official Says

A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token.


The English-language website of the Hong Kong Economic Journal reported the news on Sept. 6, citing prior coverage by Shanghai Securities News, which is owned by the official Chinese state-run Xinhua News Agency.
“We need to plan ahead for a rainy day”


Mu Changchun — deputy director of the People’s Bank of China (PBoC)’s payments department — has said that China’s digital currency will be supported across major e-payments platforms such as Tencent’s WeChat and Alibaba-backed Alipay.
The tokens will be guaranteed by the central bank and thus as secure as PBoC-issued paper notes and can be used without an internet connection, to ensure that transactions can continue even in the event that communications networks are down. 

🗞 Binance Launches Dollar-Backed Crypto Stablecoin With NYDFS Blessing

Crypto exchange Binance is launching a dollar-backed stablecoin in the U.S.


Moreover, the new Binance USD (BUSD) has received the blessing of the New York Department of Financial Services (NYDFS). The exchange announced Thursday that NYDFS had approved the new offering, which Binance is launching in partnership with the Paxos Trust Company.


The Binance stablecoin will be backed by U.S. dollars on a 1:1 ratio, according to a press release. The offering joins the Paxos Standard and the Gemini Dollar as an NYDFS-approved stablecoin.


At launch, verified Paxos customers will be able to directly purchase BUSD tokens through the company’s wallet using either U.S. dollars or PAX, its own stablecoin. Binance users will likewise be able to trade BUSD for bitcoin, binance coin or XRP.

🗞 The State of Security Token Regulations in Asia

Since the cryptocurrency boom and initial coin offering craze of 2017, many countries in Asia have taken steps to clarify their regulations surrounding cryptocurrencies and security tokens.


In this article, we focus on the three countries that have the clearest regulations in place regarding digital assets, though there is still more work to be done.

Click on this link to see updated regulations in Thailand, Hong-Kong and Singapore


🗞 Blockchain, Cryptocurrency Not Proven Safe Havens Says Investor Mark Mobius

Mark Mobius, major investor and founding partner of Mobius Capital Partners, is still bearish on cryptocurrencies and blockchain technology… with some caveats.


Speaking on CNBC’s The Squawk Box this morning concerning emerging markets and safe-haven asset classes, Mobius said cryptocurrencies, like fiat, are backed by faith and only hold utility as far as others are willing to use them.


“The bottom line is there is a whole generation of people who have faith in the internet, they have faith in these cryptocurrencies…the degree to which a cryptocurrency can enable you to buy something and you believe that to be the case, then that’s fine.”


Mobius said a gold-backed cryptocurrency run on the blockchain would be of interest, however. “If there is a cryptocurrency that is really backed by gold and there is a meaningful agreement and some kind of modern thing connection, then this could be quite interesting,” he said.

🗞 Someone Just Moved $1B in Bitcoin for $700 Fee, Overpaying 20 Times

A $1 billion Bitcoin (BTC) transaction has become conspicuous not because of its size but because its sender spent far too much on fees. 
Someone could have sent 94K BTC for $35


Social media users were guessing at the origin and destination of the funds on Sept. 6, which involved 94,504 BTC ($1.018 billion).


According to Twitter-based monitoring resource Whale Alert, the transaction did not involve known wallets or those belonging to a specific cryptocurrency-related organization, such as an exchange.
One theory suggested the funds may be tied to institutional trading platform Bakkt, which begins accepting client deposits today.
“Institutions

building inventory for their market-making needs going forward,” commented Max Keiser on the giant transaction. He added:
“This = effective ‘put’ on the BTC price at $9,000 (as I’ve been reporting for several yrs now). Ie, institutions are net-buyers of any BTC that shows up at $9k. Risk/reward now for buyers is excellent.” 

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📑 Daily Crypto Calendar, September, 6th💰

The announcement for Vexanium Dapps Competition 2019 winner!

“Deep reorg protection is coming. Testnet until end of August 2019. Mainnet September 6th 2019.”

“The event will be the first of the EXANTE series on DeFi, decentralized finance.”

Shanghai Blockchain Technological Innovation Summit from 9:00 – 17:00.

“Xensor will be listed in IDAX exchange on September 6th, 2019”

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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

Yesterday I was saying you that we need an increase of volume and volatility to break the support line at 0.18$. It happened only some hours after my article. The only negative point is that we are doing a pull back on this support line at 0.18$ but we already broke back the support. It is not a drama as this kind of pullback is not always precise but we must see in the coming hours a bounce from the levels at 0.18$ and see a UP continuation to validate this nice movement. If it is not the case, I’m afraid that this UP would have just been a pump and dump…

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Last Updates

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Join this new Free To Play on the STEEM Platform !

🗞 Daily Crypto News, September, 5th💰

  • UN Official: Crypto Makes Policing Child Trafficking ‘Exceptionally Difficult’ ;
  • Bitcoin Short of Bull Target Despite Five Days of Price Gains ;
  • China’s Crypto Competitor Is Being Built in a Secret Office with Restricted Access ;
  • Square, Twitter CEO Jack Dorsey: Bitcoin ‘Not Functional as a Currency’ ;
  • Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon ;
  • 📑 Daily Crypto Calendar, September, 5th💰
  • STEEM Trading Update

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

🗞 UN Official: Crypto Makes Policing Child Trafficking ‘Exceptionally Difficult’

A top United Nations (UN) official said cryptocurrencies are making international efforts to combat terrorist financing, money laundering and cyber-crime “exceptionally difficult.”


Neil Walsh, chief of the Cybercrime and Anti-Money Laundering arm of the UN’s Office on Drugs and Crime, said that the anonymizing and pseudo-anonymizing attributes of cryptocurrencies provide a “new layer of secrecy that favors the criminals,” when speaking to the Australian Broadcasting Corporation’s Linda Mottram.


Specifically, Walsh raised concerns about the role cryptocurrencies play in the clandestine child trafficking industry.


“In the past, when we looked at some of the really big high-threat areas like kids getting abused online, it had to be paid for and now, with the use of cryptocurrencies, it’s exceptionally difficult for investigators to track that and try and manage that risk down,” Walsh said.

🗞 Bitcoin Short of Bull Target Despite Five Days of Price Gains

View

Bitcoin’s five-day winning run, the longest in a month, has neutralized the short-term bearish view. A UTC close above the lower high of $10,956 created on Aug. 20 is needed for a bullish revival.

Volumes picked up on Tuesday, adding credence to Monday’s triangle breakout on the daily chart. So, a rise to $10,956 may be on the cards.

The probability of a move above $10,956 would weaken if the prices drop below key the crucial support at $10,286 on the hourly chart. Acceptance below that level could yield a deeper drop into four figures.

🗞 China’s Crypto Competitor Is Being Built in a Secret Office with Restricted Access

The People’s Bank of China (PBoC) is charging full speed ahead with its digital currency plans, hoping to beat Facebook’s Libra to market.


A dedicated team from the central bank’s Digital Currency Research Lab is now developing the system in a closed-door environment, away from the PBoC’s downtown Beijing headquarters, a person close to the bank told CoinDesk. 


The team has been working in this separate location since early summer so they could fully concentrate on the project, this person said.


The work has been expedited as Facebook unveiled in June its vision for Libra, a global cryptocurrency to facilitate payments, the source added. 

🗞 Square, Twitter CEO Jack Dorsey: Bitcoin ‘Not Functional as a Currency’

Square and Twitter CEO Jack Dorsey has said Bitcoin (BTC) will continue to be adopted more widely, but it is still too early to consider it a currency.


Make Bitcoin more usable and accessible as a currency


On Sept. 4, the outspoken Bitcoin advocate told the Australian Financial Review that he is convinced the No.

1 cryptocurrency will continue to be adopted more widely. However, Dorsey added:


“It’s not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold. What we need to do is make it more usable and accessible as a currency, but it’s not there yet.”

🗞 Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon

Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech.

Deforestation and fires in the Brazilian Amazon

On Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask for their support to fight against deforestation and forest fires in Brazil. The post on the foundation’s website states:

“Since Bolsonaro took office in January, deforestation in the Brazilian Amazon is up 75% and forest fires in the Brazilian Amazon have doubled compared to the past year. As guardians of our rainforests, its animals and its people, we are working with The Giving Block to form a coalition of crypto sponsors, donors and media partners who will help stop this devastation.”

The Rainforest Foundation says that it is accepting cryptocurrency donations in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and other cryptocurrencies.

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📑 Daily Crypto Calendar, September, 5th💰

“SDF and the Blockchain Innovation Associates are teaming up for a Meetup in Manhattan on Thursday, September 5!”

“We’ll have good tech, good people, and good food – come get excited with us and learn how to build on our protocols!”

Team updates from the following divisions: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Casual Monolith community meetup at Hyde Park, Thursday 05 September, 06:30 PM.

“AMA on September 5th 09:00 AM GMT+7”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

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Here is the current chart :

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The STEEM has still difficulties to progress, even during the UP of the BTC. We are slowly progressing towards the resistance line at 0.18$. If we don’t have an increase of volume and volatility, we have no chanc at all to break this resistance line and we have a high risk of rejection during the test of this line. Let’s see if we will start to see more volume on the STEEM because currently is really low and without any volatility.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Survey says consumers avoid electric cars due to three myths: range, price, charging (electrek)

Survey says consumers avoid electric cars due to three myths: range, price, charging (electrek)

  • According to a new survey by Autolist, the top reasons for not buying an EV were range, price, and charging, with c. 40% of respondents concerned about these issues.
  • The author makes the argument that these concerns are outdated, as EV prices are already below US$30k (after fuel cost advantage), provide a range of ~250miles, and the are thousands of charging points every where in the US.
  • One of the positive insights from the survey is that the majority of consumers (55%) now said they would use an EV as their primary vehicle rather than as a secondary vehicle (which was previously the top answer).

Analysis and Comments

  • This article fits in well with the investor’s view as to the process by which EV uptake will occur
  • The short version is that, as the article highlights, the key issue around EV adoption will be familiarity. For most consumers, current EVs are perfectly suitable for day to day use. Most of us just don’t drive far enough to need to recharge more than once a day (as with the person in this story). So the key is getting people to try one.
  • This does not understate the charging infrastructure challenge; yes, there is a lot more that needs to be done to roll out charging stations, especially fast chargers. But this is a solvable problem.
  • As with similar innovations, the adoption curve starts slowly and then rapidly accelerates – we expect to hit this inflection sometime in the mid 2020s. Tailwinds to this include tougher emission standards & city centre driving restrictions & potential headwinds include cutting of subsidies and a lack of affordable model choice.

The article also makes an important point:

  • Auto makers don’t need to keep making the range further & further, if the cost is more expensive batteries & hence a very expensive EV. The alternative is cheaper shorter range EVs, possibly with a lease package that includes the occasional use of a petrol car for longer trips