🗞 Daily Crypto News, July, 23rd💰

  • Tron Founder Justin Sun Postpones Lunch With Warren Buffet ;
  • German Regulators Approve $280 Million Ethereum Token Sale ;
  • Bakkt Is Scheduled to Start Testing Its Bitcoin Futures Contracts Today ;
  • 🔫 DrugWars Last Update’s Guide ! 🔫 ;
  • Bitfinex and Tether Double Down on Claim of No Customers in New York ;
  • 📑 Daily Crypto Calendar, July, 23rd💰
  • STEEM Trading Update

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

🗞 Tron Founder Justin Sun Postpones Lunch With Warren Buffet

Justin Sun’s hotly-anticipated lunch with billionaire investor Warren Buffett has been postponed, the Tron Foundation announced Monday.


Sun has fallen ill with kidney stones, the foundation said on Twitter. The parties have “agreed to reschedule at a later date.”
The lunch, scheduled for July 25, was the prize for winning a charity auction. Sun bid $4.6 million earlier this year and seemingly intended to introduce the notoriously crypto-skeptical Buffett to a number of influential figures in the space.

🗞 German Regulators Approve $280 Million Ethereum Token Sale

Fundament, a blockchain startup coming out of stealth mode, has received the green light to issue the first tokenized real-estate backed bond that can be widely offered to individual investors.


Announced Tuesday, the Berlin-based firm has obtained approval from Germany’s financial regulator, BaFIN, for the 250 million euro ($280 million) offering. By virtue of being regulated, the token will be open to any retail investor anywhere with no minimum investment restriction. 


In other words, someone in, say, Indonesia will be able to buy 100 euros worth of ethereum tokens and thereby indirectly invest in German commercial property.


A BaFin representative told Coindesk:
“We can confirm that we granted approval for a Fundament Group prospectus. It has indeed been the first time we have approved a prospectus regarding blockchain-based real estate bonds, but not the first time in respect to blockchain technology as such.”

🗞 Bakkt Is Scheduled to Start Testing Its Bitcoin Futures Contracts Today

Bitcoin futures platform Bakkt is scheduled to begin testing its new contracts Monday.


Nearly a year since revealing its ambitious vision, Intercontinental Exchange (ICE) is still waiting on regulatory approvals to take the platform live. Still, despite having to delay its new market multiple times, the parent of the New York Stock Exchange is moving forward with plans to offer potentially the first physically-settled bitcoin futures in the U.S.


Bakkt announced in May that it would begin testing its bitcoin futures contracts in July, later firming up a July 22 test date.


It will apparently be testing two different types of contracts Monday: a daily and a monthly contract. Bakkt aims to list the futures, which would be traded through ICE Futures U.S. and cleared through ICE Clear U.S., the parent company’s clearinghouse.

🗞 🔫 DrugWars Last Update’s Guide ! 🔫

As most Drugwars players are aware, there has been a few updates to the game, I will try to guide you through them in this post, if you have any question, feel free to comment and I will do my best to answer your questions.

Map and Base system

With this new update, we understood that we will be playing from now on on a DW “World Map”.

map2.jpg

Once you decided to settle in a territory, you could access this view where you can see other people’s bases. Gang name has been added when you click on a specific base

More information Following this link to my post: https://steemit.com/drugwars/@vlemon/drugwarslastupdatesguide-j6mkcqgp5z

🗞 Bitfinex and Tether Double Down on Claim of No Customers in New York

Lawyers for Bitfinex and Tether, in the course of an ongoing case against the New York Attorney General (NYAG), submitted multiple fillings on July 22 alleging that the companies never served customers within New York. 


In one filing, attorney Stuart Hoegner noted the provision in Bitfinex’s terms of service that require that customers that transact be foreign entities:


“Under Bitfinex’s and Tether’s Terms of Service, Eligible Contract Participants (“ECPs”) that transact with Bitfinex or Tether must be foreign entities. Although those foreign entities may have shareholders or personnel who reside in, or otherwise have contact with, the United States or New York, Bitfinex’s and Tether’s customers are the foreign entities themselves … Bitfinex and Tether do not transact with any New York ECPs.”

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📑 Daily Crypto Calendar, July, 23rd💰

Mining Disrupt Conference at DoubleTree Hilton Hotel in Miami from July 23-24.

ZEN 2.0.18 deprecation is at block #555555, which will occur around the 23rd of July.

Doge Token (DOGET) will be listed on TXBIT.io on July 23rd (Tuesday).

“Matthew Finestone will talk about DeFi, DEX and will present Loopring,” at Crypto in Montreal from 5:15 – 7:15 PM.

“Join us on July 23rd at 2PM UTC for an AMA with LTO network , CEO Rick Schmitz and Tech lead Arnold Daniels in the Trust Wallet Telegram.”

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STEEM Trading Update by my friend @cryptopassion

Here is the current chart :

STEEMUSD.jpg

The STEEM is in waiting mode since days, just sitting little upper than the support line at 0.24$. We are waiting a decision about the next BTC direction and that support line in red won’t hold us for sure if we have a correction on the BTC. So yeah I’m afraid that we are not yet on the low on the STEEM… let’s see, we should see the next move on the BTC in the coming hours.

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Last Updates

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Play on a STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

Crypto Contest July 23: Revain

Revain (HitBTC: RBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Revain began a wave one advance on June 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 2, and the red wave two (blue sub-waves a-b-c) correction ended on July 21. If this wave count is correct, Revain should be heading next towards the July 2 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Revain is a review platform built with blockchain technology. You can watch their intro video below.

(Sources: Revain and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

STEEM: a clear Double Bottom Pattern…

….and it would indicate something good for the price if STEEM wouldn’t have so much selling pressure from the wales and from @steemit in particular.

A double Bottom pattern is a Bullish Pattern that usually describes a change in trend and a momentum reversal from prior leading price action. It is normally accompanied for a divergence in some of the technical indicators and this is what we see at RSI indicator on the daily chart:

RSI Indicator:


MACD Indicator:

… as I said, if it was any other ALTCOIN I would not have any doubt to claim BULLISH Action on it but we are talking about STEEM which is being really controlled from those that state that STEEM is a decentralized blockchain….

Will see what happens next…in the meantime, I would try to accumulate as much as possible.


@toofasteddie

Crypto Contest July 22: Dusk Network

Dusk Network (Bittrex: DUSKBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Dusk began a wave one advance on July 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 17, and the red wave two (blue sub-waves a-b-c) correction ended on July 19. If this wave count is correct, Dusk should be heading next towards the July 17 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Dusk streamlines the issuance of digital securities and automates trading compliance with the world’s first programmable and confidential securities. Crypto Beadles interviewed the co-founder earlier this month.

(Sources: Dusk Network and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

After Modest Price Bounce What’s Next for Ethereum.

Past few days saw crypto bounce after the hard sell-off.   Ethereum really didn’t bounce as much as BTC and LTC and finds itself at an inflection point.

Resistance Levels and Moving Averages

Looking at the daily chart you can see price rallied and met the 10 period moving average to work off some of the extremely oversold status it was in.

This level also happens to be a prior support, right around 230.   As we know once a support level is broken then it tends to act as resistance.

Thus, for price to go higher we need to see a push through this level and above the moving average.  Generally this happens when there is a volume buying breakout.

I don’t know if the crypto market has this in the plans after the relief rally.

Bitcoin is looking a bit healthy and as if it could leg up again, while litecoin does have a nice V-bottom pattern going on, but also is just bouncing from the breakdown of a head and shoulders pattern.

It will be interesting to see how those coins play out as well because as we know.  If those aren’t pushing higher its’ not likely ETH will either.

Investing-Engaging-Compounding / SBI Sponsoring [W9]

Another stagnant-price week = Another Good Chance for building your account on the Steem blockchain = More chances to reinforce your Engagement

I don’t expect a brilliant recovery of the STEEM price in the coming short term future, however we cannot deny that this price level is perfect for reinforcing your SP. I don’t think we will see STEEM prices lower than the bottom reached lately unless BITCOIN and the whole market collapse again, of course…

STEEM price has crashed dramatically during the past weeks and months due mainly in my opinion to the permanent selling pressure of our friends of STEEMIT INC, however it is possible that STEEM has found a solid place around the 80th position out of the top 100 altcoins at the cryptomarket.

The chart below shows the weekly amount of Steem withdrawn to the exchanges (data extracted from @penguinpablo ‘s weekly report), as you can see, this week more than 1.8 Million Steem has been sent to the exchanges, 300,000 Steem more than the previous week:



But the position of STEEM at the Total Market Cap during the past 2 weeks have not changed so much despite we have lost capitalisation:



This is because even if the amount of the Liquid steem increases continuously, there are other altcoins that are suffering a selling pressure higher than STEEM even if they don’t have such increase of tokens coming to the market every week.

So I think this is very positive for STEEM.

Sellers prefer to sell other altcoins than Steem because there is a REAL VALUE in this crypto, better than any other useless altcoin. And you know why?

  • We have USE CASE
  • We have the best Community
  • We have the best developers
  • We have the best DApps out there

As I said, there will not be better time to build your SP than nowadays.

SBI Sponsoring

My SBI shares for this week are going to @kokoliso and @serlanvet . I am very happy for having met them here despite both are at Steem since quite some time already. Lately I have interaacted with them a lot and I think we have engaged very well, remember that “engagement” is one of the three magic words fro anyone to success at this blockchain, the other two are INVESTING and COMPOUNDING.

@kokoliso is an excellent photographer and traveller. Lately he has shared his experiences at Australia but now he is back at home (guess is San SEbastian in the Basque Country)

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@serlanvet is a guy from north of Aragon, an historical region in the north of Spain. He is also an excellent photographer and naturalist who shares original pics and nice bucolic scenarios from the countryside near him.

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Both of them get 2 shares of the @steembasicincome initiative, hope it will help them to reach minnowhood soon , despite I know it is not so much but helps at least…

All in all, they represent really good candidates for the #tenKminnows @steevc initiative,


And that’s all for this week folks!

Steem on.

@toofasteddie

Crypto Contest July 21: Aeon

Aeon (Bittrex: AEONBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Aeon began a wave one advance on May 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 28, and the red wave two (blue sub-waves a-b-c) correction ended on July 13. If this wave count is correct, Aeon should be heading next towards the May 28 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Aeon is a lightweight CryptoNote digital currency. Aeon has some advantages compared to Monero which are listed below.

(Sources: Aeon)

How can I vote? Where is the contest?

You can vote by following this link.

BITCOIN: a decisive moment

And here we are again trying to define the market destiny!

Bulls seems to gain terrain in front of the Bears but we can not say who will win until we see what happens in front of the 11000 USD resistance level.

I personally expect for a sudden acceleration of the price upwards as soon as BTC breaks that level. If so, I am pretty sure we can bet for another higher high of BITCOIN and thus for the whole Crypto Market…

By the way, the “balance” between TETHER and BITCOIN is not met so, ALTCOINS are also getting feed here in a strongly manner:

In particular, have a look to BCH , ADA, TRON, EOS and BITCOIN SV, all of them rising higher than 10% while BITCOIN 4%…

Enjoy!

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Litecoin Looking to V-Bottom

After a nasty drop that took price through the 108 support litecoin found support and has rallied hard from $77.

Big V or Little V?

Looking at the daily chart you can see price has already begun a V bottom and came right to the last little consolidation point during the sell off right around 105.

Intraday price has seen a little fight at that price so the question is will price stall here and just give us a little V bottom recovery or are we set to see a push all the way back into the 120’s.

That would be a full V bottom recovery and is very plausible.   I do like that after price rallied hard we got a little sideways consolidation for a day and a half before this current candle pushed higher again.

Upside/Downside

On the upside…breaching 105 to broach the old 108 level is a start.   After that I think there is a possible clear run to 120.

As for the downside, well really price needs to hold 95 in order for the price action to remain bullish in regard to this move.

I did add some long at 99 last night with a stop loss just below 95.   If price struggles to pass 108 in the coming days I’ll consider taking profits otherwise I want to see 120 for a full V bottom recovery.

Crypto Contest July 20: UnlimitedIP

UnlimitedIP (Huobi: UIPBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, UIP began a wave one advance in November 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April this year, and the red wave two (blue sub-waves a-b-c) correction ended in June. If this wave count is correct, UIP should be heading next towards the April peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

UnlimitedIP is a recreational copyright intelligent trading platform created by Link Entertainments Technology based on EOS. You can watch their intro video below.

(Sources: YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

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