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? Daily Crypto News, July, 10th?

July 10, 2019 (updated July 10, 2019) Published by
  • Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High ;
  • IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity ;
  • Facebook to Senators: Libra Crypto Will Respect Consumer Privacy ;
  • Bitcoin’s Mining Difficulty Just Posted Its Biggest Increase Since 2018 ;
  • Facebook Has No Plans for Calibra or Cryptocurrency in India ;
  • ? Daily Crypto Calendar, July, 10th?
  • STEEM Trading Update

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

? Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High

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Bitcoin’s violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880.


Prices reinforced the bull breakout with a successful defense of the former resistance-turned-support of $12,061 soon before press time.


Bitcoin’s dominance rate has spiked to 27-month highs, backing the uptrend in prices.


A high-volume UTC close below $12,000 would abort the bullish view.

? IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity

The United States’ Internal Revenue Service (IRS) is allegedly considering requiring tech giants to report on crypto activity by users, according to a presentation reportedly from an IRS presentation and provided by a Twitter user on July 9.


According to the documents shared, the IRS hopes to use Grand Jury subpoenas on firms such as Apple, Google and Microsoft to check taxpayers’ download history for crypto-related applications.


Known as Crypto Tax Girl, Laura Walter, certified public accountant and crypto tax specialist, tweeted the presentation, which was allegedly for agents in the IRS’s Criminal Investigation division.

? Facebook to Senators: Libra Crypto Will Respect Consumer Privacy

Facebook blockchain lead David Marcus told U.S. lawmakers that the social media giant plagued by privacy scandals won’t have access to personal financial information with its new cryptocurrency.


In a letter dated Monday to the Senate Banking Committee responding to pointed questions the lawmakers sent in May, Marcus took a diplomatic tone, acknowledging the panel’s concerns about data privacy and telling them:


“I want to give you my personal assurance that we are committed to taking the time to do this right.”


A similar letter was sent to the House Financial Services Committee, the Hill reported earlier Tuesday.

? Bitcoin’s Mining Difficulty Just Posted Its Biggest Increase Since 2018

Bitcoin mining difficulty – a measure of how hard it is to compete for mining rewards on the world’s first blockchain network – has posted its largest two-week increase in 12 months.


According to BTC.com data, mining difficulty reached 9.06 trillion (T) at block height 584,640 around 9:17 UTC on July 9, surpassing the previous record of 7.93 T by 14.23 percent. This was the strongest growth in any two-week period since August 2018 – a sign that competition among miners is not only intensifying but doing so at an accelerated rate.


The bitcoin network is designed to adjust its mining difficulty every 2,016 blocks (roughly 14 days) based on the participating mining power in each cycle, in order to ensure the block-producing time at the next period stays at about every 10 minutes.

? Facebook Has No Plans for Calibra or Cryptocurrency in India

Facebook Inc has no plans to offer its Calibra digital wallet services in its largest market, India, the social giant said, just as a top government official expressed skepticism about its newly-announced cryptocurrency Libra.

“There are no plans to offer Calibra in India,” a Facebook spokesman said in an email, effectively ruling out the rollout of its Libra cryptocurrency in the country. “As you may know, there are local restrictions within India that made a launch of Calibra not possible at this time.”

India’s central bank, the Reserve Bank of India, has banned banks from dealing in cryptocurrencies but informal networks abound. In an effort to curb them, the government is proposing a law with stringent penalties, including prison sentences of up to 10 years. Subhash Garg, the country’s economic affairs secretary, said in an interview to Bloomberg that India would not be comfortable with a private cryptocurrency.

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? Daily Crypto Calendar, July, 10th?

The mainnet launch will be the kickoff for enterprises to provide their idle cloud resources in the Ankr application.

“In 104 hours $Waves blockchain is going to change forever! just 4 days. #dapps are coming home to #wavesplatform.”

Zcoin releases version 13.8.1.

“On July 10, PundiX and Binance will have a meetup in Medellin Colombia ”

“Interested in building on #EOSIO? Join us on July 10th from 8-10am (HKT) for a walkthrough of all you need to know about getting started.”

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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

So most of the altcoins are still in depression mode and for sure it is also the case on the STEEM. Since yesterday, we are trying to break the support around 0.34$ but till now, we are lucky and that line is holding us. For how many times, I really don’t know but let’s at least enjoy that little positive news.

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Last Updates

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Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

? Daily Crypto News, July, 9th?

July 9, 2019 (updated July 9, 2019) Published by
  • Bitcoin Price Hits $12.8K as Major Investor Says $100K Quite Easy by 2021 ;
  • Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum ;
  • NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim ;
  • US SEC and FINRA Issue Statement on Crypto Custody Issues ;
  • Lawmakers Push for New Bitcoin Rules ;
  • ? Daily Crypto Calendar, July, 9th?
  • STEEM Trading Update

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

? Bitcoin Price Hits $12.8K as Major Investor Says $100K Quite Easy by 2021

Bitcoin price (BTC) felt more bullish than ever June 9 after another 24 hours of upside propelled markets close to $13,000.

Market visualization courtesy of Coin360

Data from Coin360 painted a rosy picture for cryptocurrency traders, with bitcoin still leading the way in terms of daily gains. 

At press time, BTC/USD was up 11% versus Monday on $12,666. The pair had reached as high as $12,707 before a slight pullback below the $12,700 barrier. 

Bitcoin 7-day price chart

? Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum

In 2015, the Ethereum public mainnet launched, followed by a raft of private blockchain offerings targeting the enterprise. This opened the floodgates on companies prioritizing collaboration, funding long-overdue digitization efforts, and extending business processes across corporate borders.


Today, a new epoch of system integration is underway. However, efforts to make blockchain technology enterprise-friendly split the community into two camps: public networks versus private networks. The dichotomy was wrong-headed from the start, making it easy to believe that public blockchain networks shouldn’t be used in confidential business operations and that private networks were safe and secure.


The first belief is wrong, and the second is dangerous.

? NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim

The New York Attorney General’s Office (NYAG) has submitted new evidence in its aim to prove that crypto exchange Bitfinex and Tether had served New York customers longer than they claimed.


As part of the NYAG’s ongoing investigation into Bitfinex and Tether, the NYAG filed a Memorandum of Law in Opposition, an affirmation, as well as a total of 28 pieces of exhibits on July 8, with the New York Supreme Court.


The NYAG said in the new documents:
“Even a cursory examination of the facts gathered to date in the OAG’ s investigation shows that Respondents have extensive and consistent contacts to New York concerning the matters under investigation.”

? US SEC and FINRA Issue Statement on Crypto Custody Issues

SThe United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) outlined regulatory compliance issues for cryptocurrency custodians in an announcement on July 8.


According to the joint statement, the organizations have yet to discover a set of circumstances in which a crypto custodian could comply with the SEC’s Customer Protection Rule, which is described as follows:


“Put simply, the Customer Protection Rule requires broker-dealers to safeguard customer assets and to keep customer assets separate from the firm’s assets, thus increasing the likelihood that customers’ securities and cash can be returned to them in the event of the broker-dealer’s failure.”

? Lawmakers Push for New Bitcoin Rules

The Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry. Congress is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.

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? Daily Crypto Calendar, July, 9th?

“Stay tuned because we have a great announcement for you on July 9th!”

“#BountyProgram starting on 9th July”

Voyager and Ethos YouTube livestream community Q&A at 3 PM (EST).

Dapp competition submit your ideas by 9th of July.

“Chainlink Integration Engineer Thomas Hodges is leading a meetup in Plano, TX next Tue July 9th.”

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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 market is currently trying to break the support line at 0.34$… It is quiet sad because when BTC is doing nice UP, STEEM is dropping and when BTC is doing a correction, STEEM is droping also… To resume it, we are not able anymore to add value to our blockchain….


I start to be really worry for our little coin because if all of that continue, yeah we will finish to be outside of the Top100, we will have less volume, less investors and all that, whatever the improvements that we will have…

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Tron in trouble. // Call the liquidators!

July 9, 2019 (updated July 9, 2019) Published by
Image result for tron scam

Ill be honest, when i see TRX suffer, that puts a smile on my face. Im not one of those guys that loves all crypto or thinks that every project can succeed and that we should all hold hands.
I think thats a foolish thought thats shown to be wrong many times. Even now youre seeing it with Steem slipping towards no.100 in MC.

Why should i hold this token instead of that other one?

Its a simple question that clearly shows that holding hands aint possible. You can collab between chains, but those alliances are short lived and on wobbly legs.
Its a doggy dog world and when i see and overvalued, overhyped token suffer, im happy, what can i say.

Anyways….

So what happened the other day is that some disgruntled protesters showed up at the offices of a partner of the Tron Foundation mad, yelling that Tron is a scam.
Apparently some group defrauded some folks using Tron name and the video of the protest went online where it appears the offices were raided by police.

Now, that probably isnt true, it just seems that they have been watching the protest. Take a look for yourself.

It seems that this wasnt really anything of note that will bring the behemoth built on cheap hype down. I wanted to share this because its just fun for me seeing Tron in trouble. When Steemit inc layed off folks, that was probably the trigger for Steem to drop out of the top100 tokens.
Dan Larimer gloated, EOS cockroaches crawled out to gloat, crypto influencers that tried and failed on Steemit hit Steem when it was down….

So what do i say when Justin has to do damage control and his shitty antics arent fooling anyone??

Image result for can i have some more

Unusual Options Activity In Apple

July 9, 2019 Published by

Shares of Apple (AAPL – Get Report) started off lower on Monday on the back of a negative analyst report. In midday trading, shares are still down more than 2%, just under $200 per share.

Analyst Jun Zhang of Rosenblatt Securities cut his rating on Apple to sell from hold, while maintaining his $150 price target. Based on Friday’s close, that would imply about 26% downside for the iPhone maker.

Zhang contends that Apple will undergo a “fundamental deterioration over the next 6 to 12 months.” He further adds that iPhone and iPad growth will be disappointing in the second half of 2019, while Apple’s other products won’t be meaningful enough to make up the shortfall.

Source

We have been hearing this rhetoric for many months, ever since Apple said Apple announced on November 1st that it would no longer be reporting iPhone sales numbers…meaning iPhone units are no longer growing and will start to decline.

Nevertheless, this regurgitated newsflash was enough to send Apple stock down 2% for the day and cause the Smart Money to rush into some short term put options.  Today the Smart Money bought over 35k of put options with a strike price at $185 that expire on August 2nd. 

This means the Smart Money only make profits if the Apple’s stock price declines another 7%.  Will the Smart Money be right, stay tuned?

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

? Daily Crypto News, July, 9th?

July 8, 2019 (updated July 8, 2019) Published by
  • Social Network Taringa! Launches Stablecoin Rewards for 27 Million Users ;
  • Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class ;
  • High-Frequency Trading Is New Battleground in Crypto Exchange Race ;
  • Singapore Wants to Drop VAT for Transacting in Cryptocurrencies ;
  • European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra ;
  • ? Daily Crypto Calendar, July, 9th?
  • STEEM Trading Update

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

? Social Network Taringa! Launches Stablecoin Rewards for 27 Million Users

Latin American social networking giant Taringa! has partnered with MakerDAO and e-wallet provider Airtm to launch a stablecoin-powered points system for its 27 million strong user base. 


According to an official Taringa! news release published on July 7, the development was revealed on Friday during the Blockchain Summit Latam in Mexico City.  


The pilot program, dubbed “Taringa! Pioneers,” will reportedly reward users with points for creating popular platform content, which can then be monetized by being converted into MakerDAO’s Ethereum blockchain-based stablecoin DAI. 

? Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

Coming from an organization so tied to the question of identity (whether real or not), it is surprising that Facebook’s Libra coin seems confused about its own.


The organization has chosen to brand Libra “a stable global cryptocurrency,” and the label “cryptocurrency” has been replicated by media around the world. Yet Libra is not a cryptocurrency.


Don’t get me wrong – those of us in the sector appreciate the global attention given to the concept since the announcement.
But in this case the definition matters beyond semantics: it will affect eventual use cases and regulatory treatment. It could also transform how investors view both stablecoins and blockchain-based securities going forward.


What’s in a name?
First, let’s look at why it’s not a cryptocurrency.

? High-Frequency Trading Is New Battleground in Crypto Exchange Race

The Takeaway


High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too.


Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT firms make large profits in the legacy markets.


Crypto exchanges such as ErisX, Huobi and Gemini are trying to attract large algorithmic traders with colocation offers.
Demand for the service is high, but its benefits are a matter of debate, due to the structure of the crypto market.

? Singapore Wants to Drop VAT for Transacting in Cryptocurrencies

Singapore plans to exempt cryptocurrencies that are intended to function as a medium of exchange from Goods and Services Tax (GST) — the local equivalent of Value-Added Tax (VAT).


The news was revealed in a draft e-tax guide published by the Inland Revenue Authority of Singapore (IRAS) on July 5.


The proposed exemption, if accepted, is set to take effect on January 1, 2020, and will overhaul the current system wherein the supply of digital payment tokens is treated as a taxable supply of services. 

? European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra

European Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stablecoin, Bloomberg reports on July 7.


Per Bloomberg, Coeure argued on Sunday in Aix-en-Provence in southern France that allowing for the development of new financial services and asset classes in a regulatory void is irresponsible. He concluded:


“We [financial regulators] have to move more quickly than we’ve been able to do up until now.”


According to Coeure, the development of digital assets has exposed gaps in current financial regulations, and underlines banks’ slow rate of adoption of new technologies:


“All these projects are a rather useful wake-up call for regulators and public authorities, as they encourage us to raise a number of questions and might make us improve the way we do things.”

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? Daily Crypto Calendar, July, 9th?

“The world’s first Generalized State Channel Network is scheduled to go live on July 8th!”

“NULS will release the core chain-creation product ChainBox on 8th July(GMT+8), thereafter, begin NULS 2.0 public beta.”

FintruX globally launches the TruX platform at RISE 2019 in Hong Kong, which is scheduled from July 8-11.

“T-3 days until #BitTorrentSpeed is available for 100 million users around the world!”

Dapp (Decetralized App ) demo day on 8th of July.

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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 stabilizing on the support line at 0.34$ since days now, waiting for the next big move on the BTC. Let’s really hope that the BTC will go up because if it is not the case, I’m sure that this support line at 0.34$ will be broken just in some seconds and that we will go in the direction of the last low around 0.23$. If it is a UP, first objective is the orange resistance line around 0.39$.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

I’m Not A Fan Of The Banks

July 5, 2019 Published by

It’s been easy to hate banks as investments — not only were some of the biggest players bailed out by taxpayers in 2008, but bank stocks and the financial sector more generally have underperformed the broader market for years.

But over the past three months, the financial sector has turned from laggard to leader, rising 5.9%, versus a 3.5% advance for the S&P 500 index SPX, +0.77% , making it the best-performing S&P sector since the start of April, according to FactSet. From the beginning of 2018 through March of this year, the S&P 500 had risen 6%, versus a 7.9% decline for the financial sector.

Within the broader financial sector, Opppenheimer analyst Chris Kotowski is particularly bullish on large banks, writing in a note to clients that “the breadth, stability and quality of [large banks’] earnings has never been better,” even if the market has shown much greater love to other sectors during the current bull market.

Source

I’m not a fan of the banks. I should say, I’m no longer a fan of banks. Earlier in 2018 I went long, the ETF, XLF.

The Financial Select Sector SPDR® Fund, XLF seeks to provide precise exposure to  companies in the  diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (“REITs”); consumer finance; and thrifts and mortgage finance industries. 

But I got out when I saw the banks were not taking advantage of rising interest rates. Banks make loans to borrowers at a higher rate than non-performing assets such as savings accounts and CDs and profit from the difference. However, in an environment in which the yield curve is flattening, Banks’ margins are adversely affected. 

NOTE: When interest rates rise or fall, it’s the short term interest rates that are moving the most. When a Bank issues loans, they are issuing longer term interests rate loans. As short term interest rates rise, Bank margins come under pressure, which affects their profitability.

So even if price breaches the the weekly supply at $28.

XLF has been range bound since mid-2017, so it’s dead money…take your money and invests elsewhere.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

How Did Royal Caribbean Cruises Make The List???

July 5, 2019 Published by

With the S&P 500 up more than 19% already this year, investors are scrambling to find the next big winners. According to Wall Street analysts, these stocks could have the most room to run.

CNBC used FactSet to screen the stocks with the highest average 12-month price targets by analysts. To find the names with the highest conviction from Wall Street, CNBC winnowed down the pool by selecting the stocks whose forecast has only gone up in the past three months. Stocks that have fallen in the past three months were also excluded.

To be sure, consensus analyst opinion doesn’t always work and some investors even use it as a contrarian indicator. However, the list gives you an idea of the stocks analysts are most bullish about in meetings with clients.

Source

The company that sparked my interests on the list was Royal Caribbean Cruises because it’s on my long term bear list.

This consumer confidence indicator provides an indication of future developments of households’ consumption and saving, based upon answers regarding their expected financial situation, their sentiment about the general economic situation, unemployment and capability of savings.

Source

If consumer confidence is turning for the worst, discretionary spending will decline. If discretionary spending declines, so will Royal Caribbean Cruises’ revenue. If Royal Caribbean Cruises’ revenue decline, so will its stock price.

The chart suggests if price can close below $112, price will go to $83 over time.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

? Daily Crypto News, July, 5th?

July 5, 2019 (updated July 5, 2019) Published by
  • June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30% ;
  • Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency ;
  • President Maduro Orders The Bank of Venezuela to Accept Petro Crypto ;
  • Dogecoin Price Surges 37% Following Binance Listing Announcement ;
  • ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin ;
  • ? Daily Crypto Calendar, July, 5th?
  • STEEM Trading Update

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

? June Sets Records for CME Bitcoin Futures as Sign-Ups Surge 30%

CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups.


More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from the derivatives marketplace. In 2019 alone, there has been more than 950 new accounts created, marking a 30 percent increase in total client sign-ups, CoinDesk has learned.


In addition, the number of large open interest holders, entities that hold contracts worth at least 25 BTC (worth $280,000 at press time) grew to 49, up from an average of 46 during the last week of June, a new record.

? Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency

At first glance, Facebook’s Libra cryptocurrency doesn’t make sense. 


On its face, it is a non-speculative token which uses enough decentralization to make it difficult if not impossible for Facebook to profit off it as the company does from its social media platform.  


But in crypto, there is always an upside to the people who launch a new protocol, in the event the protocol succeeds and even in many cases for simply having started development of the project.


This article deals specifically and exclusively with that upside, admittedly handwaving aside many other potential issues with the protocol, to be addressed elsewhere.

? President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4.


According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the Bank of Venezuela.” The announcement apparently came during an event celebrating the tenth anniversary of the nationalization of the bank in question.


On June 19, Maduro announced that 924 million bolivars (over $92.5 million) were allocated to the Digital Bank of Youth and Students to open one million Petro wallet accounts for the country’s youth. José Angel Alvarez, president of the country’s National Cryptocurrency Association, commented to cryptocurrency news outlet CCN:


“It is a bold and correct decision to move forward towards a hybrid economy where the fiduciary currency of a country competes face to face with cryptocurrency.”

? Dogecoin Price Surges 37% Following Binance Listing Announcement

The price of the popular dogecoin cryptocurrency is surging after the announcement that it will soon be listed on the Binance exchange.


Binance said in a support notice that trading will open for dogecoin (DOGE) at midday (UTC) Friday.


The exchange will at launch offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), as well as the stablecoins tether (USDT), Paxos standard (PAX) and USD Coin (USDC).


Users can already deposit DOGE in preparation for trading, the exchange said.

? ‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin

Veteran gold bug and bitcoin (BTC) skeptic, Peter Schiff, has taken delivery of $1,350 worth the cryptocurrency after the industry sent him donations on July 4.


Schiff, who is well known for warning investors not to trust bitcoin as replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate with Morgan Creek Digital co-founder, Anthony Pompliano.
Pompliano (also known as Pomp), highlighted the fact that Schiff in fact does own some BTC despite his negative comments. 


”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy.”

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? Daily Crypto Calendar, July, 5th?

Create token dapp release ( Everyone Can Create their Own VEX.Token ) on 5th of July.

Live Telegram AMA from 20:00 – 21:00 (GMT + 8).

Software Update

“Prof Steve Deng @SteveDeng_AI and Owen Tao @Owen_Matrix will answer them in Next Friday’s AMA.”

“Join us this Friday afternoon (EST) as special guest Dave Winterstein (co-founder and CEO) takes over the Aion AMA. ”

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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 market is again trying to break the support line at 0.34$. As we can see, till now that line is doing well its job but I’m not sure it will stay alive long time if we continue to test it like that hours after hours. However, long tests like that can also show that we are reaching a low and that the market doesn’t want go lower. So everything is not always negative but for sure I would like to see the STEEM going UP and take some distance from that support line.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

? Daily Crypto News, July, 4th?

July 4, 2019 (updated July 4, 2019) Published by
  • Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us ;
  • Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact ;
  • Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021 ;
  • ‘Release the Tape!’: Nouriel Roubini Calls for BitMEX CEO Debate Video ;
  • US Congress Requests Moratorium on Facebook’s Libra Stablecoin ;
  • ? Daily Crypto Calendar, July, 4th?
  • STEEM Trading Update

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

? Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us

Facebook’s David Marcus is pushing back against concerns about the social media giant’s new cryptocurrency project, Libra.
In a note published Wednesday on Facebook, Marcus addressed “a number of questions and a few misunderstandings” about the project.


The social media giant’s blockchain lead also confirmed he would be testifying before both the Senate Banking Committee and the House Financial Services Committee on the project later this month.


In Wednesday’s post, Marcus sought to address a number of issues that have been raised by lawmakers and informed observers alike, including whether Libra is actually decentralized, why there isn’t a charter in place for the Libra Association and whether Libra can actually address financial inclusion.

? Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact

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Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600.


The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880.


Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours, validating the bearish crossover of the 5- and 10-day moving averages.

? Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.


BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.


Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.

Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.


Changpeng Zhao, founder and CEO of Binance, said in the announcement:


“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”

? ‘Release the Tape!’: Nouriel Roubini Calls for BitMEX CEO Debate Video

NYU professor and noted anti-cryptocurrency economist Nouriel Roubini exploded online last night after a debate with Arthur Hayes, CEO of BitMEX, at the Asia Blockchain Summit in Taipei. The debate, called the “Tangle in Taipei,” was allegedly not streamed live at the behest of the organizers and and Roubini wasn’t having it.

Hayes, for his part, shot back at the economist, further enraging Roubini.

? US Congress Requests Moratorium on Facebook’s Libra Stablecoin

The United States House of Representatives Committee on Financial Services requested Facebook and its partners to stop the development of the Libra stablecoin.


In a July 2 letter addressed to Facebook CEOs Mark Zuckerberg and David Marcus, and COO Sheryl Sandberg, the lawmakers request that Facebook and its partners immediately agree to a moratorium on the development of Libra and its dedicated Calibra wallet. 


The committee claims that the project may lead ”to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar.” The committee notes that it believes such an endeavor could have serious implications:


”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy.”

? Daily Crypto Calendar, July, 4th?

Equal (EQL) will be listed on Binance DEX on 4th July 2019.

100 KBC can be exchanged for 1g of gold.

“Join us together on the evening of 4 July with Cardano Foundation members!”

Japanese language support for the iOS wallet will be released.

“Join us for the IOTA Barbecue Satellite TOA Event in Hafenküche July 4 at 6PM.”

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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 can clearly see that the 0.34$ became an important point on the STEEM chart as support but also as resistance. As I was supposing yesterday, the support line has not really been broken and the market decided to save it some hours after the little break. You can see now that we are upper of that line so let’s see if a bigger candle will come in the coming hours to confirm that we saved that support line.

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? Daily Crypto News, July, 3rd?

July 3, 2019 (updated July 3, 2019) Published by
  • Advocacy Groups Call on Congress to Stop Libra Development Until July Hearings Take Place ;
  • Ethereum Leaders Are Slowly Courting Gulf Coast Royals and Investors ;
  • Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO ;
  • Gemini to Apply for Broker-Dealer License in Bid to Trade Crypto Securities ;
  • Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t ;
  • ? Daily Crypto Calendar, July, 3rd?
  • STEEM Trading Update

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

? Advocacy Groups Call on Congress to Stop Libra Development Until July Hearings Take Place

Over 30 advocacy groups have appeared as signatories on a request that Congress and regulators implement an official moratorium on Libra development, as per the letter published on July 2.


The letter was also addressed to Facebook, with Mark Zuckerberg himself cc’d, and asked that the social media giant wait until Congress and regulators have scrutinized a detailed presentation of the proposed stablecoin-esque virtual currency.
The letter includes a number of questions that the signatories say need answers before Libra can proceed, including the following:


“The plan for Libra makes explicit and implicit promises to consumers – such as the claim that value will remain stable – but what is to stop the Libra Association from changing policy in order to, for example, degrade the value of Libra or to impose a microtax on every Libra transaction?”

? Ethereum Leaders Are Slowly Courting Gulf Coast Royals and Investors

Ethereum’s leaders are pursuing a “moonshot” in the Middle East.


The Ethereum Foundation’s head of special projects, Virgil Griffith, told CoinDesk the nonprofit is partnering with finance experts in the Gulf Coast to show that the world’s second largest blockchain is compatible with Islamic law. Islamic finance customs adhere to certain beliefs, including the prohibition of earning interest on loaned funds.


The move is seen as a first step toward potentially securing investment from the region’s plutocrats.


“My job is to keep rolling dice,” Griffith told CoinDesk about work to certify ethereum’s Sharia compliance. “Probably nothing will happen. But there’s a hypothetical case where say, the Saudi sovereign wealth fund invests, like, a trillion dollars [in ethereum projects], which would be a real boon. That would be really great.”

? Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.


BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.


Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.

Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.


Changpeng Zhao, founder and CEO of Binance, said in the announcement:


“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”

? Gemini to Apply for Broker-Dealer License in Bid to Trade Crypto Securities

The Winklevoss-owned cryptocurrency exchange Gemini will apply for a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), CoinDesk has learned.


This is the first step toward becoming an approved Alternative Trading System, where customers can lawfully swap digital securities.


Gemini previously partnered with the tokenized securities platform Harbor, which allows institutional investors to buy securities with Gemini’s GUSD stablecoin and to also receive dollar-denominated dividends via GUSD. It stands to reason that Gemini would also want to facilitate the trading of such securities on its own platform.

? Cuba ‘Studying Cryptocurrency’ To Dodge U.S. Sanctions, Says Gov’t

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.


In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms. 


Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid. 


“We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are working on that together with academics,” Reuters quoted economy minister Alejandro Gil Fernandez as saying.

? Daily Crypto Calendar, July, 3rd?

Browser / explorer Launch on 3rd of July.

PC wallet grand launch on 3rd of July.

“On July 3 at 10:00 am GMT+8, CEO and Co-Founder of #PundiX @zibin will host a video session to talk about the progress made in Q2…”

“We are changing the #Celer X @binance AMA schedule to July 3rd 2pm UTC to combine with our Mainnet Exclusive Preview Happy Hour!”

CEO Giacomo Tognoni, will give an overview of Bethereum and the unique solution it brings to both the gaming and the gambling industries.

Live Q&A with Thomas Marchi, Lead Developer of Sentivate. July 3rd at 22:00 GMT.

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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 BTC is doing a bounce from 10k but you know what? STEEM doesn’t want do the same and is dropping… So yeah, technically, the support line at 0.34$ is broken. However we are staying just next to it and so it could be simply a little trap or not a real break of that line. Let’s see if we will be able to be higher than this line in the coming hours.

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