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? Daily Crypto News, May, 27th?

May 27, 2019 (updated May 27, 2019) Published by
  • Bitcoin Hits New 2019 High Above $8,900 ;
  • BCH May Have Sustained $1.3 Million+ Double Spend: BitMex Research ;
  • Beacon Chain Contracts: A New Way to Deploy Dapps on Ethereum 2.0 ;
  • What Will It Take to Regulate Crypto Exchanges? ;
  • Trading App Robinhood Set to Raise at Least $200 Million: Report ;
  • ? Daily Crypto Calendar, May, 27th?
  • STEEM Trading Update

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

? Bitcoin Hits New 2019 High Above $8,900

Bitcoin’s price has set a new record for 2019, reaching as high as $8,905 before retracing slightly.


At 19:00 UTC on May 26, the world’s largest cryptocurrency by market capitalization broke from an ascending triangle pattern on the daily chart, after being held beneath $8,250 for an extended period of time.


The move to fresh 2019 highs comes after the bitcoin price dropped to as low as $6,600 on May 17 before a large amount of buying pressure pushed prices back above $7,300 within the same day.


Since then the bitcoin price has again jumped by 22 percent, rising above $8,500 around 19:45 UTC on Sunday night and then reaching over $8,700 within half an hour. It’s currently changing hands at $8,890 per CoinDesk’s price data. 

? BCH May Have Sustained $1.3 Million+ Double Spend: BitMex Research

Following its hard fork on May 15, bitcoin cash (BCH) appears to have experienced a two-block chain reorganization resulting in a 3,392 BCH (about $1.35 million at press time) double spend. The claim was made in a report released by the research arm of cryptocurrency derivatives exchange BitMex on May 24.


Per the report, the recent BCH hard fork experienced three interrelated issues. Firstly, an apparent bug evidently exploited by an attacker right after the hard fork. The attacker was able to “broadcast transactions which met the mempool validity conditions but failed the consensus checks.” Miners attempting to produce blocks with said transactions were not able to, instead producing empty blocks.


? Beacon Chain Contracts: A New Way to Deploy Dapps on Ethereum 2.0

The core infrastructure behind ethereum 2.0 might be in for a major redesign.


Dubbed the beacon chain, a new proposal by ethereum founder Vitalik Buterin suggests radically modifying the blockchain’s role in a new iteration of the ethereum network based on proof-of-stake consensus.


“The idea here is that basically on the beacon chain, you’re going to be able to deploy these little worlds that summarize how a blockchain works, how a state transition works, [and] how a smart contract works,” Raul Jordan, co-lead at non-profit Prysmatic Labs, told CoinDesk.

? What Will It Take to Regulate Crypto Exchanges?

Shortly after Bitcoin SV was delisted from Binance, CoinDesk advisor Michael Casey published an insightful op-ed discussing whether the delisting amounted to censorship (it doesn’t), whether exchanges should be held to high standards of neutrality (they should) and whether regulation is necessary to achieve this result (it is).


The idea is that because major exchanges play such a crucial role in the industry (Casey claims that “[t]hey are the cryptocurrency industry) they should not be allowed to arbitrarily discriminate between crypto assets — rather they should be regulated to operate as neutral platforms.


But ask any regulation expert and they will tell you that, absent Goldilocks conditions (hold that thought), neutrality is neither the natural state of markets, nor the natural instinct of regulators.

? Trading App Robinhood Set to Raise at Least $200 Million: Report

United States-based stock and crypto trading app Robinhood is set to raise at least $200 million in a new funding round, Bloomberg reported on May 24.


Per the report, an unspecified source familiar with the matter told the outlet about the company’s plans to raise further funding. Moreover, Bloomberg reports that the round would increase the firm’s value to between $7 billion and $8 billion, but that the details could change.


Other people familiar with the matter also told Bloomberg that the new funds come from existing investors, all of whom asked not to be identified and to keep the details private. While the funding talks are reportedly ongoing, a further funding round could increase the company’s worth to $10 billion, but the numbers are subject to change until the deal is closed.

? Daily Crypto Calendar, May, 27th?

“By May 27th SHMN will be forked as planned.”

“On this day, http://CryptoBet.com players begin earning $CBET rewards.”

“FlywithTEN competition date: 27 May 2019, 4 PM (GMT +8) — 27 June 2019, 8 PM (GMT +8)”

“Join us May, 27th at 10am PST/7pm CET”

“Lock the balance [up 30 000 vrs] for 30 days and get 3% of the locked amount of 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

The Break Out on the BTC didn’t help us to break the resistance line at 0.39$ till now. However, STEEM is not fully synchronized with the BTC and it could happen with a little delay. Let’s check the coming hours, if the BTC doesn’t correct too powerfully, I think we could break that resistance line on the STEEM also.

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Last Updates

Join this new Free To Play on the STEEM Platform !

? Daily Crypto News, May, 24th?

May 24, 2019 (updated May 24, 2019) Published by
  • 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.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

? Daily Crypto News, May, 23rd?

May 23, 2019 (updated May 23, 2019) Published by
  • 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….”

image.png

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.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

Unusual Options Activity In T-Mobile

May 22, 2019 Published by

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

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

May 21, 2019 Published by

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

Dr. Copper Suggests The Equity Markets Are On Thin Ice

May 17, 2019 Published by

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

Vodafone Is A Great Long Term Short – Part 2

May 16, 2019 Published by

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

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

May 16, 2019 Published by

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

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

May 15, 2019 Published by

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

Party Like It’s 1964 – Part 5

May 14, 2019 Published by

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

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