Is Bitcoin Really Selling for $76,000 in Zimbabwe? ;
? Daily Crypto Calendar, July, 2nd?
STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? Binance Exchange to Launch Crypto Futures Trading with 20x Leverage
Binance, the world’s largest cryptocurrency exchange by trading volume, is soon to launch futures trading.
During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.
“Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks,” he said. Referring to the screenshot of the interface showed on the stage, Zhao added:
“This is an actual screenshot of the working system. So Binance futures is coming.”
Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday.
The daily chart indicators have turned bearish, while the 4-hour chart is reporting a bearish lower-highs, lower-lows pattern. As a result, the price could slip further toward the former resistance-turned-support of $9,097 (May 30 high) in the next couple of days.
A UTC close below $9,097 would invalidate the bullish setup on the daily chart.
A high-volume break above the falling trendline on the 4-hour chart, currently at $11,100, would shift risk in favor of retest of the recent high of $13,880.
Masterchain, a blockchain project backed by Russia’s central bank, is falling behind on its goals two years after inception. Sberbank, the leading bank in Russia, is unsatisfied with the system’s speed, security and overall efficiency after testing it.
The bank is looking to shift its work to other enterprise platforms, Sberbank’s blockchain lab head said.
United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2.
Argo, which previously said it had benefited from the upturn in bitcoin prices, said revenues would continue to improve over previous estimates.
“The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019,” the report confirmed.
“This is an increase of approximately 101% from the Company’s May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.”
Bitcoin traders in Zimbabwe and South Africa are seeing skyrocketing premiums on their bitcoin (BTC), according to a report from financial news outlet Fxstreet on July 2.
Amid new capital controls in South Africa and Zimbabwe’s recent ban on local trading in foreign fiat currencies, local traders have reportedly seen asking prices of as high as $50,000 per 1 BTC if they attempt to purchase the coin from abroad.
At press time, bitcoin is trading above $10,915 on South African crypto exchange Luno, according to CoinMarketCap data — 10.5% above its price point on Cointelegraph’s bitcoin price index.
Meanwhile, other commentators on social media this week claimed that bitcoin is allegedly trading at as high as $76,000 in Zimbabwe — a premium of over 600%. As appears to be corroborated by screenshots from P2P site LocalBitcoins.com shared on Twitter, at least a scattering of traders have attempted to pocket colossal gains at an asking rate of $75-76,000:
NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.
Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%.
This growth is not nearly as sharp as that reported in previous years, considering that the first half of 2017 saw 28.2 million crypto apps downloads from 2016’s 15.3 million, a 45% increase.
There is never a dull moment in the world of blockchains and cryptocurrencies.
The two earth-shattering stories of the past two weeks – the launch of the Libra project and the wild swings in the bitcoin market – might seem like unrelated topics. And, for the most part, the causal impact of the former on the latter is probably not much greater than that of another oft-noted bitcoin price correlation: the avocado chart.
However, the coincidence of these two developments does speak to how globally impactful Satoshi Nakamoto’s invention has now become.
From that wider perspective, these two developments are not at all unrelated. Indeed, they both capture elements of a massive, worldwide financial transformation, all happening at a time of growing economic uncertainty.
Last weekend, two privacy coin conferences heralded the future of cryptocurrency governance: the hybrid startup model versus grassroots experimentation.
Over 200 people gathered in Croatia for Zcon1, organized by the nonprofit Zcash Foundation, while roughly 75 attendees gathered in Denver for the first Monero Konferenco. These two privacy coins are fundamentally different in a variety of ways on clear display at their respective events.
Zcon1 had a gala dinner with a seaside backdrop and programming that displayed close relations between companies like Facebook and the zcash-centric startup Electronic Coin Company (ECC), as evidenced by Libra being widely discussed with team members in attendance.
German Blockchain-as-a-Service (Baas) provider Advanced Blockchain AG has become the first blockchain development firm to be listed on Germany’s Xetra digital stock exchange, operated by Deutsche Börse. The news was reported by financial news site DGap on July 1.
The Xetra all-electronic trading system was founded in 1997 for use on the Frankfurt Stock Exchange, but has since expanded to over 200 trading participants from across16 European countries, as well as Hong Kong and the United Arab Emirates.
According to recent data, Xetra accounted for €131.4 billion ($149 billion) of Deutsche Börse’s total cash markets €146.0 billion ($165 billion) turnover in May 2019, with an average daily Xetra trading volume of €6 billion ($6.79 billion).
Gemini is hoping to achieve what rival Coinbase couldn’t: successfully building out a presence in Chicago aimed at luring high-speed traders to the incipient cryptocurrency market.
The New York-based firm, led by twin brothers Tyler and Cameron Winklevoss, announced Thursday the new outpost for Gemini, which will scale its existing colocation data centers. In an interesting twist of fate, the firm says it has brought on a number of engineers who previously worked for Coinbase’s Chicago office, which was shuttered in April.
Gemini shooting its shot
A person familiar with the situation told The Block Gemini attempted to recruit several employees who previously worked for Coinbase. They have brought on five, according to reporting by CoinDesk.
NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.
Facebook has 2.7bn users and 90mn companies operating on its various platforms. Perhaps more than any other non-state player, it has the resources, reach and data trove to launch a global currency. The networking and social media giant is also loathed by many critics, who accuse it of abusing its market dominance. Hence, it is notable that Facebook is leading an association of companies that will co-manage the new currency and payments system as partners. It is a less than reprehensible plan, but there is a mountain to climb if Libra is to emerge as a new form of money.
This report will focus on what Libra must do if it is to become a widely-used medium of exchange. It will not judge if Facebook and its Libra grouping can develop payment services like Paypal, Venmo or Wepay; it won’t address whether Facebook will roll out rivals to Blackrock’s exchange traded funds or Alipay’s gigantic Chinese money market fund. With or without Libra being a success, Facebook could end up competing in all these areas—after all, none of the above providers have also created the holy grail of money.
What is certain is that if the new Libra were to be launched as a regular investment product, it would bomb. It may resemble a money market fund, except that the manager bags all accrued interest and the investor gets stuck with any value changes. On this basis, Blackrock or Goldman Sachs would likely fancy their chances against Libra.
Libra is, in fact, competing with central banks. Its model is to issue new Libra units and buy interest-bearing government bills from markets such as the US, UK, Germany and Japan. The fact that it may first exchange Libras for dollars, euros and yen, before buying the instruments does not change the basic proposition. It is similar to a central bank that scoops up safe interest-bearing assets using money that it has created out of thin air.
However, becoming a quasi central bank without government support will be hard. Users must be convinced to use the new currency in preference to the “legal tender” required by government agencies for a range of transactions.
Barbarians at the gate
Libra’s backers may be able to persuade regulators that they offer the requisite consumer protections and safeguards. They may even be able to automate the reporting of all capital gains and losses for tax purposes. But this does not mean that governments will meekly accept competition in the currency game. After all, if demand for fiat money shifts to Libra, the value of “old money”, when measured in goods and services, will fall. To avoid an inflation spiral, the responsible central bank will have to contract the supply of fiat money to match the now reduced demand. This will mean the central bank shrinking its own balance sheet, and likely pressuring its member banks to do the same thing (via monetary policy tightening).
Governments will be unnerved by this squeezing of their central banks since seigniorage profits—earned by the central bank issuing money at little or no cost and buying interest-paying assets—usually flows into state coffers. In the case of Libra, this same “money for free” will get distributed to the 100 members of the Libra Association, and not to the government.
Central and commercial banks buy lots of local-currency debt, especially paper issued by their own governments. Libra’s backers will buy similar government paper as backing for its units. However, because this group has promised to diversify across trusted currencies and government issuers, it will end up holding less US government paper than traditional US banks.
Still, if Uncle Sam does not love the Libra idea, other governments are likely to hate it—especially those in developing economies since the Libra Association is not likely to buy much of their public debt.
Take India, which has a history of currency debasement from unruly inflation. Any capital flight out of Indian banks is likely to see the authorities quickly stamp on Libra. And how precisely will they block a crypto-currency? Easy. They will just tell Facebook, Uber, Visa, Mastercard and the rest of the Libra Association that unless they desist with this currency nuisance, their main businesses will be excluded from India’s burgeoning consumer market.
But will users want to use Libra?
Still, regulators aside, will Libra be attractive to users? After all, the basic point of any currency is that it must be desired not just by a few people, but by many. The race to become money is the ultimate winner-takes-all contest; it is the most marketable “good” in an economy—the one that can be most readily and reliably traded for other goods, services and assets.
In each country or currency block, one currency typically dominates—and it is almost always the one needed by people to pay taxes. For some, this is a core reason to be skeptical about bitcoin’s chances of ever becoming money. Using two currencies is always more hassle than just one. And since fiat currencies will remain a necessary holding, at least to pay taxes, Libra has to give users good reasons for the hassle it creates.
The Libra Association promises to (i) provide banking to the “unbanked”, and (ii) offer lower transaction costs and faster settlements. At this point, it is not clear why Libra will succeed where existing financial institutions have failed. Is it because of new tech and/or greater scale and global reach? Or will Libra allow users to cut corners on “know your customer” rules and so cut costs for banking services? If it is the latter, then regulators’ revenge could be swift.
A question of value
Even if it proves a poor store of value in the long run, money must have low volatility over the short to medium term and a small chance of suddenly collapsing. bitcoin has so far failed both tests. Its value is very volatile, and there is always the fear/hope that a better crypto-currency may come along leaving dawdlers with a worthless stash of digital tokens. For these reasons, bitcoin has had the characteristics of a great speculative asset, but has never progressed to becoming anything resembling money.
In contrast, US dollar cash, which has lost half its real value since 1990, has proved a fairly awful investment. Yet at the same time, the dollar has been good as “money” since its value has been stable in the short to medium term, and no collapses in value have occurred.
Near-term stability is key as it allows a currency to act as a standard of value and to facilitate price comparisons. For example, the user can compare the price paid on a good last week, with the price offered by someone else today. If the price of money is soaring or plunging week-to-week, or even year-to-year, then more stable money will be sought after.
So how does Libra do on my key money checklist? Better than bitcoin and bolivars. But arguably not as well as US dollars, euros or even rupees.
Since Libra is backed by short-term assets issued by reputable governments and central banks, it should not face the “greater fool” problem of holders hitting the exits in a panic. So long as assets in the Libra reserve do not collapse, then, unlike bitcoin, it should weather market vicissitudes.
There is always a chance that Libra’s corporate backers get greedy by buying higher-yielding assets that have the potential to implode in the manner of sub-prime mortgage assets in 2008. After all, it is this group which earns the income, so arguably there is an agency-type problem. Still, at the outset, the Libra will be backed by assets that should be safe and liquid. Hence, there are reasons to treat it as credible.
Libra’s volatility problem
Libra’s backing means it should not suffer price volatility like bitcoin, but it is likely to be more changeable than most fiat currencies. For starters, a diversified asset base does not ensure price stability in real-term. Libra’s backers plan to anchor it to a basket of major currencies, like the International Monetary Fund’s quasi-currency, the Special Drawing Rights. The SDR’s problem is that it has proven more volatile than individual fiat currencies.
Price variations in US dollar cash are captured by the US CPI, which measures the prices of US consumer goods and services in US dollar terms. Since 1990, its annual variations have been between 0% and 5%, and the number has often been close to the Federal Reserve’s target of 2%. This has made price comparisons and economic calculations in US dollars fairly easy. Hence, dollars have made for decently good money.
By contrast, a US consumer who chose to diversify his or her cash holdings and use SDRs as money would have experienced much larger fluctuations in the real value of their money. SDR inflation rates (repricing the US CPI in SDR) have since 1990 regularly fluctuated between -10% and 10%.
Perhaps more surprisingly, Libra may offer no stability advantages over major developing economies. When investors do the same test for India—perhaps the biggest potential market for Libra—a similar picture emerges. The SDR may have held its value better than the rupee in the long run, but as already noted that is not the main thing with money. Even the rupee has displayed less price volatility than the SDR (see second pane of the chart below).
The relative stability of local currency versus the SDR shows that most central banks have been pretty good at targeting low and steady inflation—at least since 1990. When foreign monetary policy is imported, as in the case of SDR usage, the consumer must accept more volatile prices. As a real world example, Hong Kong’s CPI is more volatile than most countries, in part because it imports US monetary policy—which has been set to achieve stable US consumer prices, not stable Hong Kong consumer prices. Hong Kong people accept higher price volatility because they have to. The Hong Kong dollar is the fiat currency that is effectively imposed on the population by the government. By contrast, the Libra Association is asking consumers to willingly adopt a more volatile currency.
So given these dynamics, will prices be set in Libra? Probably not during the adoption phase, and perhaps not ever. As the service is rolled out, vendors like Uber will likely quote two prices when showing a fare—the local fiat price, and a Libra price which is a conversion of a fiat price.
Even if only Libra prices are quoted, this is likely to be a conversion of an internally set fiat price. After all, companies will still have fiat-denominated costs for the foreseeable future (taxes at least). So long as the Libra price is a conversion of fiat prices, it is likely to fluctuate more like the SDR price index shown above than the relatively stable fiat price indexes shown.
Hence, if governments do not shut down a competitor to their own “legal tender”, it is not clear that Libra will be attractive to users given the hassle of handling multiple currencies, paying capital gains taxes on all transactions, and dealing in an inherently more volatile currency. So why bother with Libra? We worry that users and governments may not.
UK generates more electricity from zero carbon than fossil fuels (BBC)
For the first time since the Industrial revolution, the UK has generated more of its electricity from zero carbon sources than from coal & gas.48% of generation ytd (to end May) came from zero carbon, while 47% was from fossil fuels ( the rest was bio mass)Among the fossil fuels, coal fell to 3% of generation, while nuclear made up 18% of the zero carbon.
Analysis and Comments
I want to highlight that the shift to variable renewables creates a number of investment opportunities in terms of grid balancingIn the UK, this
Growing up in liberal Canada, Vitalik Buterin—co-founder of the world’s second biggest blockchain, Ethereum—was never allowed to forget his Soviet heritage.
Canada is obviously a far cry from Soviet Russia. But it does have strong socialist tendencies, as Dmitry Buterin told early bitcoin adopter Jeff Berwick, in a recent interview. In the video clip, Buterin senior explains that his heritage was key to helping the would-be-entrepreneur look to alternative ways of organising people and ideas, that would ultimately lead him to blockchain.
The father of the 25-year-old boy-genius, Dmitry Buterin, 46, is from oil-rich Chechnya—a region which suffered some of the worst atrocities committed in Russia’s long, authoritarian past.
Buterin senior studied computer science in Moscow before turning serial entrepreneur. He emigrated with his family to Canada, when Vitalik was six, settling in Toronto. But the Soviet experience, during his formative years, has naturally stayed with him.
American financial clearing and execution company Apex Clearing and its crypto investment subsidiary Apex Crypto have launched a new trading platform for broker-dealers and financial advisors to help their clients trade crypto more effectively.
According to a June 27 press release announcing the new broker-integrated Apex Crypto platform, equity investors will be able to seamlessly open and fund new crypto trading accounts “within minutes” — rather than the purported weeks it would usually take clients to do so.
Founded in 2012, Apex Clearing is an SEC-registered and FINRA member digital wealth management firm owned by American financial services company PEAK6 Investments LLC.
Members of the U.S. House of Representatives questioned Financial Crime Enforcement Network (FinCEN) director Kenneth Blanco about Facebook’s planned cryptocurrency Thursday.
Representatives Emanuel Cleaver, II (D-MO), Trey Hollingsworth (R-IN), Bill Foster (D-IL) and French Hill (R-AR) held a briefing with members of the House Financial Services Committee, discussing the Libra project with Blanco, who heads up FinCEN, the U.S. Treasury Department’s anti-money-laundering wing.
The briefing was held as part of a broader look at how machine learning and artificial intelligence can limit illicit money laundering and related activities.
What started as a $575 million token sale is now a rewards program for watching videos.
TaTaTu’s initial coin offering (ICO) was among the biggest of 2018, with film producer Andrea Iervolino raising money from royals like Lady Monika Bacardi, of the famous liquor family. Before this raise, Iervolino was best known for films such as “Bernie The Dolphin” and “Finding Steve McQueen.”
As some token sales start to slowly yield results, TaTaTu offers a prime example of a platform that used “blockchain” as a fundraising technique and then largely moved on.
The TaTaTu project, originally meant to offer a publicly traded cryptocurrency associated with a media streaming platform similar to Netflix, once attracted investment from Ari Paul’s BlockTower Capital (which declined to comment for this article) and movie stars like Johnny Depp (whose representatives did not respond to requests for comment).
San Francisco-based incubator for the blockchain Ethereum Classic (ETC), ETC Labs, has announced that it has partnered with cryptocurrency firm Metronome to create a solution for Ethereum (ETH)/ETC interoperability, in an official blog post on June 27.
Per the announcement, blockchain interoperability—also referred to as “chainhopping”—is a property of a blockchain asset meaning that it can be transferred between separate blockchains. In this case, the cryptocurrency Metronome (MET) will be transferable between the ETH and ETC blockchains.
The ETH and ETC blockchains initially split in the summer of 2016 after a contentious vote to return money lost when The DAO collapsed in 2016.
Yesterday I was saying that sentence : ” What else to say… imagine now that the BTC will correct, I’m quiet sure that we will break very easly all our support lines. “
Unfortunatly I was more that correct as we are breaking support lines after support lines on the STEEM. It is almost the case on every altcoins but again STEEM is one of the best in correction matter as we didn’t do any up or almost any up during the BTC run but now we are even correcting more than the average of altcoins. What to say… let’s wait better time and hope support line at 0.34$ will hold.
The real estate investment trust and utilities sectors were the biggest losers of the S&P 500’s 11 key sectors, and their weakness was unanimous, as a big jump in Treasury yields helped lure investors away from the high-yielding sector. The SPDR Real Estate Select Sector ETF XLRE, -1.94% slumped 2.1% with all 32 of its equity components losing ground and SPDR Utilities Select Sector ETF XLE, +1.54% shed 2.0% with all 28 components declining. REITs are utilities are often seen as bond proxies, given their high yields, while the S&P 500 SPX, -0.12% eased 0.1%. The REIT ETF’s dividend yield
New Renault Zoe – bigger battery, longer range and faster
charging (electrive.com)
Renault has
formally launched the new version
of the Zoe, the model is to be known as the Z.E 50. Details on pricing
etc are still to be announced, but its expected to be broadly in line with
the current model.Key details
from a battery perspective are a
larger battery (up from 41kWh to 52kWh) & the addition of a faster
charging capacity, using the CSS plug – but only up to 50kw.In addition the
electric motor (developed in house) has its power increased to 100kW
output.
Public blockchain tokens will soon be trading on a major securities exchange.
Revealed exclusively to CoinDesk, Swiss security token firm BlockState plans to “passport” half a dozen ERC-20 tokens from ethereum, the second-largest public blockchain, to Corda, the private distributed ledger technology (DLT) platform developed by R3.
Before the end of the year, the tokens will be locked up in a smart contract on ethereum and “mirrored” versions of them will run on Corda. This is akin to global depository receipts, where shares of a company are held in custody in one country and a certificate representing ownership of them is traded in another.
Bitcoin mining difficulty – the measure of how hard it is to earn mining rewards in the world’s largest cryptocurrency by market cap – has reached a new record high above 7.93 trillion. That’s a seven percent jump from the 7.45 trillion record set during the recent two-week adjustment cycle, which was the highest since October 2018.
Bitcoin is designed to adjust its mining difficulty every 2,016 blocks (approximately 14 days), based on the amount of computing power deployed to the network. This is done to ensure the block production interval at the next period will remain constant at around every 10 minutes. When there are fewer machines racing to solve math problems to earn the next payout of newly created bitcoin, difficulty falls; when there are more computers in the game, it rises.
Facebook’s Libra white paper includes a brief but potentially seismic nod to digital identity standards.
With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID.
Some identity experts say this is even more important than the cryptocurrency, but others question how much control Libra would give users and find its approach overbearing.
Coinbase first reported that it was investigating an issue in which its API and website were not functioning properly at 1:47 p.m. PDT on its status website.
Singapore-based crypto exchange Bitrue has suffered a major hack, losing 9.3 million XRP and 2.5 million cardano (ADA) from its hot wallet. The news was revealed in an official statement from the exchange published as a twitter thread on June 26.
At the time of the breach — 1 a.m. GMT+8 June 27 — the stolen funds would have been worth over $4.5 million in XRP (valued at $0.488) and $237,500 in ADA (valued at $0.095), according to CoinMarketCap data.
The exchange states that a purportedly single hacker first “exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users,” subsequently using this first experience to access the exchange’s hot wallet and steal the cryptocurrency.
We would like to share with you the latest development and future plans of Bibox and hear from you your feedback and suggestions.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
This resistance line at 0.43$ is still there… unbreakable… we are testing it and testing it but we don’t have the volume to break it more than some minutes. What else to say… imagine now that the BTC will correct, I’m quiet sure that we will break very easly all our support line. So yeah let’s wait and see what the steem want for us but again we are not on a ideal pattern.
The Commodity Futures Trading Commission (CFTC) has cleared bitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts.
The CFTC said Tuesday it had approved LedgerX’s application for a designated contract market (DCM) license, meaning the company can now offer the new futures contracts. LedgerX is the second company to receive approval to offer physically settled bitcoin futures; other firms, such as Intercontinental Exchange’s Bakkt, Seed CX and ErisX plan to enter this market. (While Bakkt’s own futures contracts have been self-certified, the firm is waiting for the New York Department of Financial Services to license its warehouse).
Unlike the cash-settled bitcoin futures listed by the Chicago exchanges Cboe and CME, in physically settled futures the buyer receives the underlying commodity when a contract expires, rather than the fiat equivalent.
Bitcoin’s (BTC) parabolic advance over $12,000 has taken its market dominance above 60% for the first time since April 2017, data from CoinMarketCap confirmed on June 26.
Following its rapid appreciation in recent days, the bitcoin price reached levels not seen since immediately after the end of its 2017 bull run.
The successes have come at the expense of altcoins, which have so far failed to produce similar performance. As a result, BTC dominance of the overall cryptocurrency market cap is now 62% – more than at any time in the past two years.
Facebook published plans for the Libra cryptocurrency in seven languages, including Indonesia’s Bahasa – a move that offers perhaps the clearest glimpse of what Facebook’s fintech ascent might look like.
“Indonesia has the fourth-highest number of Facebook users in the world,” Pang Xue Kai, co-founder of the Indonesian crypto exchange Tokocrypto, told CoinDesk. “If Facebook’s Libra can address the [local] issues, it has the potential to succeed.”
According to the annual media report released by We Are Social and Hootsuite, Indonesia has the world’s highest rate of Facebook post engagement among internet users, over 4 percent, and the highest frequency of online shopping, with 86 percent of Indonesian survey respondents saying they bought something online in the past month.
The President of Uganda, Yoweri Museveni, will officiate the 2019 AfricaBlockchain Conference, according to a report by Kabuubi Media Africa on June 24
According to the report, The 2019 Africa Blockchain Conference — not to be confused with The Blockchain Africa Conference 2019 which occurred in April — will be held from July 3 to July 4, and the theme is ’Africa 4.0: Preparing Africa for the 4th Industrial Revolution.’ The conference topics will reportedly include fintech, payment systems, and the future of education.
President Museveni reportedly supported the use of blockchain technology in Uganda during his inaugural speech. Museveni is said to have cited four economic areas that he believes should be supported by blockchain technology: agriculture, manufacturing and processing, services, and the ICT sector.
“AMA with @stratisplatform CEO, Chris Trew in the #Binance English Telegram group.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
This resistance line at 0.43$ is really blocking us since weeks now. We have to wait and see when the market will have the power to break it or if we will see an important correction taking place from it. The Steem is really controlled in this range since weeks by a whale I supposed and without a break out, I don’t expect any big move.
Thanks to ALL of you, Steemit is still alive, stabilizing and preparing for the next Bull Run !
We reached 13.19 mn visits in May 2019!
There is an important difference between total visitors to a site and unique ones. In this case the 13.19mn include the multiple times a person visited the website.
Therefore, as a good Steemian you probably connect everyday which will make you count for a total of 30 visits.
Therefore, how many “unique users” does Steemit has?
This is a very important question that I will try to answer later on. According to the Beta Analysis from the website I use to compile these datas, it is around 7,69mn (vs c.7mn last month) !
One quick word about the Methodology
Datas can come from multiple sources listed in the end of this post
These sources get their raw datas from companies working with them and sharing their datas in order to get access to competitor’s ones, browsers add-ons, in-app softwares which allow the Big Data to have a very large panel of users (north of 20mn) in order to statistically have the number of users/visits…
I use these raw datas to make excels tables, graphs…
I] Traffic
Daily Steemit Traffic
In January 2018, we experienced the best daily numbers at 1.5mn+; they decreased a little under 1.5mn in February. Unfortunately the daily traffic on Steemit slowed down to c.400 000 in December 2018. Let’s hope it is just a little setback In April 2019, the average daily traffic was closer to 450k per day. In May it increased a little more. Another, explanation could be that people spend more time on apps (Partiko, Steepshot, Dtube, Steemmonster, eSteem…) which are not accounted in this analysis.
Numbers are still low BUT it is improving (stabilizing would be more accurate) since January 2018 !
Steemit website is ranked 5,316 worldwide. In April, it was sitting at 5,325. Steemit kept on deteriorating its ranking as it ranked 1400+ last year.
Google Trends
Google Trend is an Indice based on 100, which means that 100 represents the week when most people searched for “Steemit” on Google.
Google Trends are still very low but there is hope as Bitcoin Google Trend is increasing again, maybe more crypto users joining decentralized platforms?
Bitcoin Google Trend Graph
Steemit Traffic share by country
In the Top 5, the strongest traffic increase came from Venezuela with +9.75% visits!
Mobile Traffic is increasing compared to last month as it represents 50.1% of the total
This is increasing as it was only c.42% in January 2019
This is useful to know how people use the Steem platform. Initiatives like Partiko (mobile app), eSteem (mobile app), Busy.org, SteepShot (Instagram), Zappl (Twitter like), utopian-io…, TIMM will probably help the community to grow on mobile phones.
Be Careful with the Number of Visits
Also, remember that if you connect from a different device (home/work computer, mobile phone, tablet) you will count as a “new visitor” on each of these devices.
So as an example, let’s say you connected at home, at work and in the subway. You would represent 3 visits out of these 1mn+ Daily Visits.
II] Marketing Mix
Organic Search is once again improving and represents 65,6% of the incoming Traffic. Organic search is when people research on Google. As the number of quality bloggers on Steemit increase, our content has a higher probability of being listed in Google’s Top results.
Different Channels:
Direct: When you type in you Web browser www.steemit.com Mail: When you connect to steemit.com through an e-mail link Referrals: When you connect to steemit.com through a link found on another website (github…) Social: When you connect to Steemit through a Facebook, Twitter, Instagram… page or link Organic Search: When you type a search term like “Crypto” on Google and you click on one of the following steemit link proposed to you
Traffic Share Evolution since inception of this analysis
The Organic Search Strategy which means the Content Strategy is working as people come across Steemit looking for Crypto, Blog, Travel, etc… related articles.
Referring Social Pages
Youtube represents 30,7% of all the social platform incoming traffic. Reddit is also a strong source of new visits on the Steemit Platform. Last month, Facebook was the first Social Media to bring traffic to Steemit.com with a 33.1% contribution.
5 most searched terms on Google that leads to Steemit.com
To be honest, I don’t really get how some of these requests lead you to Steem but… it does.
What are Steemians main interests?
Gender Demographics
Age Distribution
III] Steemit website metrics
You feel a bit confused about these 3 metrics? Let me explain.
Bounce Rate is the % of people that leave the Website after just navigating on a single Webpage. The lower, the Better
Daily Pageviews per Visitor is the average number of pages a visitor opens. The Higher, the Better
Daily Time on Site is the full time a visitor spend on the website before closing the internet Webpage. The Higher the Better
My assumptions for May 2019
Total visits to Steemit.com: 13,19mn
Assumption of Total unique visitors in January: 6.7-7.2mn
Total Daily visitors: 380-400k
Assumption of Total Daily Unique visitors: 240-280k
This is a collective achievement and I would like to congratulate all of us! We need to do better and get back to the January 2018’s type of numbers.
This monthly report makes me very optimistic about STEEM’s future !
As you probably all followed, we have a new communication strategy. We have Steemit Inc. delivering on numerous fronts (including HF21). The community is continuing to build. Just look at our dapps ecosystem and the latest @steemmonsters release (app coming sooooon :D)
We have so many projects that have matured, such an amazing Community and with Crypto prices bouncing we might have a chance to attract new users very soon!
Bring your friends, engage with fellow Steemians and make little Tribes !
What do you think of this Steemit Big Data Update? Please let me know in the comment section
Next BigData Analysis coming on @Steemmonsters @drugwars and other cool projects !
