There is need for more awareness on the posting of CP contents on Uptrennd (My Suggestion)

For the sake of people who don’t know, CP means Copy-Pasted. I have seen a lot of people including myself post only links without including any description of what they are posting on this platform. I am also guilty of that but that was as a result of my ignorance not until I saw the post published by @Victoria and @Luke about how to post CP contents. 

I really love the idea and I think that will sure help bring in more quality to Uptrennd. We don’t want shit post here of course. I promise to take my time to put in some changes in the subsequent contents that I will be posting. 

My suggestion 

I would suggest that more awareness should be created by the Uptrennd team so as to get this things to more users. Many of us are only posting those things because we are ignorant. I would suggest there should be a guide on how to post CP contents pinned somewhere on the platform user interface where it can be easily accessed by any new users. 

The quality of contents on a social media platform really matters a lot and I think this should be treated with urgency. However, I will also try as much as possible to promote this to other people as much as I can. 

Maybe a hypertext like the one in the image shown above that read “For CP contents, write a minimum of 45 words to explain the link share” can be made included in the box like that. I think that will sure solve the issue ignorance concerning sharing CP contents. 

Here is a complete guide by @luke and @Victoria on how to post CP contents

Link 1​​​

Link 2

🗞 Daily Crypto News, September, 19th💰

  • New Bitcoin Mutual Fund Eases Crypto for Wary Asian Investors ;
  • Everyone’s Worst Fears About EOS Are Proving True ;
  • Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K ;
  • Binance to Add Fiat-to-Crypto OTC Trading in a Month, Co-Founder Says ;
  • SEC Charges Token Sale Platform For Illegal $14M Securities Offering ;
  • 📑 Daily Crypto Calendar, September, 19th💰
  • STEEM Trading Update

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

🗞 New Bitcoin Mutual Fund Eases Crypto for Wary Asian Investors

Hong Kong-based venture capital group CMCC Global launched its Liberty Bitcoin Fund to provide crypto currency access to accredited investors in Asia who are very interested but have been slow to buy the coins directly.


The Liberty Bitcoin Fund is a single-asset passive tracker of Bitcoin and offers services including buying and safekeeping coins.


“We have received more and more questions over the years from our existing investor base about whether we could help them buy Bitcoin,” Martin Baumann, managing partner of CMCC Global, told CoinDesk. “The new fund is really a demand-driven.”

🗞 Everyone’s Worst Fears About EOS Are Proving True

The Takeaway:


EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.
However, the project has long been plagued by fears that its structure was too centralized, and now the lion’s share of entities that govern the chain are in China, prompting fears of state intervention.


EOS contributors devoted to building decentralized apps (dapps) and development tools for the blockchain are losing clout – and making little or no money from contributing to the health of the ecosystem. One of them publicly disavowed the blockchain earlier this month, citing the excessive power of the largest EOS token holders.


Block.One, the company that launched the code behind EOS following a $4.1 billion ICO, is the largest token holder. Critics say it could easily redefine governance on the chain but has yet to take action.

🗞 Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K

For the past few days, the price of Bitcoin (BTC) has been hovering above the 20 Moving Average (MA) and drawing closer to the moving average as volume continued to taper off and lower highs were set each day. 

Crypto Market Data

The digital asset began to look bearish on multiple time frames and it seemed that a downward move was more likely than any other outcome. Once the 12 Exponential Moving Average (EMA) dropped below the 26-EMA on Sept. 16, aggressive intraday traders correctly predicted a double bottom bounce at $10,075. 

BTC/USD 6hr Chart

🗞 Binance to Add Fiat-to-Crypto OTC Trading in a Month, Co-Founder Says

Crypto exchange Binance is planning to add over-the-counter (OTC) trading to its platform in a month to provide users with fiat currency gateways.


Binance’s co-founder and chief marketing officer He Yi said at a media session on Tuesday during the Shanghai Blockchain Week that the exchange will specifically support fiat on-ramp via OTC for Chinese yuan.


He added that the new service will be part of Binance’s plan in the coming months to dedicate more time and resources to compete in the Chinese market. Further, the exchange is also rolling out a payment service to allow users from 170 countries to buy crypto assets using fiat currencies at Binance.com.


Fiat-to-crypto OTC trading has been a critical part in terms of fiat on-ramp for crypto traders based in China as local authorities prevent the direct connection of exchanges to banks and fiat deposits as part of the ban on initial coin offerings in September 2017.

🗞 SEC Charges Token Sale Platform For Illegal $14M Securities Offering

The United States Securities and Exchange Commission (SEC) has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal securities offering and for acting as unregistered brokers.


SEC says ICOBox’s digital tokens are worthless


In a press release on Sept. 18, the SEC claimed that ICOBox and Evdokimov sold the firm’s ICO tokens to more than 2,000 investors in an unregistered coin offering in 2017.


The SEC goes on to say that the defendants claimed that the tokens would increase in value upon trading and that ICO token holders would be able to swap them at a discount for other tokens promoted on the ICOBox platform. The SEC claims that the ICO tokens are now virtually worthless, adding:


“By ignoring the registration requirements of the federal securities laws, ICOBox and Evdokimov exposed investors to investments, which are now virtually worthless, without providing information that is critical to making informed investment decisions.”

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📑 Daily Crypto Calendar, September, 19th💰

On Thursday, 19 September 2019, VexGift expense wallet can be converted to VP so you can use it to redeem vouchers and lucky draw.

Charles Hoskinson and Nathan Kaiser from CF to speak at the event.

Open Core Summit 2019 in San Francisco from Sep 19-20.

“Attention Zurich! We invite you to join our workshop on September 19! Spend your Thursday evening exploring Waves’ technology…”

“The next meeting is to be held at LTO office, and results to be presented on September 19.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday I was talking to you about a W pattern which is a bullish signal. Look today the acceleration of the move. We could go test the resistance line at 0.178$ very soon and it would be a very good news if we can break it. Let’s wait my friends and let’s hope the BTC won’t correct in the coming days.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

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

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

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

Analysis and Comments

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

🗞 Daily Crypto News, September, 18th💰

  • ‘Get Ready for Bitcoin $20K,’ Says BitMEX CEO as Fed Panic-Prints $53B ;
  • Will Bitcoin’s Price Rally After Federal Reserve Rate Cut? ;
  • Bitcoin Addresses Worth $100,000 or More Hits All-Time-High ;
  • Binance.US Opens Registration Today, Excluding 13 States ;
  • CoinDesk to Move Into Same Building as Owner Digital Currency Group ;
  • 📑 Daily Crypto Calendar, September, 18th💰
  • STEEM Trading Update

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

🗞 ‘Get Ready for Bitcoin $20K,’ Says BitMEX CEO as Fed Panic-Prints $53B

Bitcoin (BTC) could soon shoot to $20,000 as a result of emergency measures from the United States Federal Reserve, also known as The Fed, one of the industry’s biggest firms has said.


Fed echoes 2008 crisis moves


In a tweet on Sept. 18, Arthur Hayes, CEO of derivatives giant BitMEX, forecast that fresh quantitative easing (QE) would further decrease faith in fiat currency.


The comments come a day after the Fed swooped to decrease interest rates on some loans which reached more than 10%, or four times its target. More than $53 billion was pumped into the economy. 


“QE4eva is coming. Once the Fed gets religion again, get ready for #bitcoin $20,000,” Hayes wrote. 


The Fed’s QE injection marked its first emergency intervention since the end of the 2008 financial crisis, an event directly leading to Bitcoin’s creation. 

🗞 Will Bitcoin’s Price Rally After Federal Reserve Rate Cut?

View


Bitcoin has dived out of a narrowing price range and may see a deeper drop if key trendline support near $10,120 is breached.


Acceptance below $10,120 would expose the recent low of $9,855.

Some notable observers believe the decline may be reversed following Wednesday’s Federal Reserve rate cut, although historical data suggests otherwise.

On the higher side, $10,956 (Aug. 20 high) remains the level to beat for the bulls.

🗞 Bitcoin Addresses Worth $100,000 or More Hits All-Time-High

The number of Bitcoin (BTC) wallet addresses holding a minimum of 10 BTC — worth over $100,000 to press time —  has hit an all-time high, multiple data sources reveal.


According to BitInfoCharts’ Bitcoin Rich List, as of Sept. 17, there are 157,210 addresses holding between 10 and 1,000,000 BTC. 


Earlier this month, Coin Metrics’ State of the Network report had plotted the latest data historically to reveal that these mega-holders are at an all-time high for the network.

Addresses Holding At Least 10 BTC

🗞 Binance.US Opens Registration Today, Excluding 13 States

Binance.US, United States branch of major cryptocurrency exchange Binance, announced that the opening of accounts registration, scheduled for Wednesday, will not include New York, Washington, Florida and 10 more states.


According to the blog post published on Sept. 17, registration will start at 8 a.m. ET on Sept. 18 in most U.S. states, excluding the following: Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington. The post continues:


“Although it is upsetting that we cannot offer Binance.US in [these] states […] at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home.”

🗞 CoinDesk to Move Into Same Building as Owner Digital Currency Group

Employees at cryptocurrency news publication CoinDesk were told Tuesday that the firm is moving into office space in the same building as its parent company, Digital Currency Group (DCG), a transition that will take place in March 2020.


In an email sent to employees, his first ever to CoinDesk’s entire staff, DCG founder and CEO Barry Silbert outlined four reasons for the move, vowing that while seeking to create new business synergies with the media company, one of three wholly-owned subsidiaries, the parent would continue to respect and strengthen the editorial independence of the publication, founded in 2013.


The other two subsidiaries, Grayscale Investments and Genesis Trading, work out of the DCG office building in Manhattan.

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📑 Daily Crypto Calendar, September, 18th💰

Ten high-impact sports-blockchain startups pitch to leading blockchain investors and VCs.

“Safecoin will be announcing SafeNodes Phase II on Wednesday, Sept 18.”

GRI PropTech India 2019 in Mumbai.

On Sep 18th, 10AM (UTC+8) for UNetwork 3rd Monthly Live AMA, your exclusive chance to ask our project lead @yilu_uuu anything related.

DeFi Asia in Shanghai from 2:30 – 5:30 PM (CST), co-hosted by Harmony, Findora, and Algorand.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

What a nice pattern that we have on the STEEM. We have a W pattern or a double low if you prefer that we can clearly see on the chart. For the one who still don’t know that pattern, it is a bullish pattern ! It looks like that the Alt Coins are taking back some percenst of the global market compared to BTC. We are still far from the Alt Season that we experienced back but it could be the start… why not ? Regarding the STEEM, let’s see if we can go test the resistance line in red around 0.178$.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

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Willy Wagtail

Dancing around for the camera.




Categorybirdphotography
Camera ~ LensNikon D3400 DSLR ~ 55-200 mm
LocationAustralia

Prompt / Theme: Electric Eels. Answer one of the following:

  • If you play Steem Monsters: Were you aware some of the rewards cards are about to run out?
  • Guess which card will run out first 🤞

Giveaway 🎁 – 2 winners
Prize: 1 Steem Basic Income share + 50 SPT

Winners will be chosen randomly after post payout.


Rules:
  • 👊 No Upvote, No Resteem, No Follow – just your responding comment required to enter.
  • Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
  • Posted or Commented 5 or more times during the week this post is active.
  • Not be on @cheetah’s blacklist.

Thanks for having a look 👍

If you liked this photo follow @kiokizz for more.

Overwatch League announces multi-year deal with Kellogg Company

Overwatch League announces multi-year deal with Kellogg Company (Esports Insider)

  • Activision Blizzard has announced Kellogg Company as a new multi-year partner of its esports Overwatch League (OWL).
  • The deal will last through 2021 and includes co-marketing initiatives with the company’s Pringles and Cheez-It brands, which will be the presenting sponsors of the halftime show and the highlights segments during this year’s OWL finals.

Analysis and Comments

  • The deal is a further sign of the growth on eSports monetisation, showcasing the rapidly increasing number of non-endemic brands that are willing to put marketing dollars into eSports.
  • eSports, while still under-monetised, continues to be one the most high profile platforms for games companies to advertise and broaden their audiences, enabling key beneficiaries such as Activision Blizzard, Ubisoft, EA etc. to increase engagement and publicity for their games.
  • Given recent structural changes within high-profile eSports such as League of Legends and Overwatch (franchising, home and away games, regular season play etc.), we think we could see eSports becoming a profit generator for the games developers (rather than just a marketing tool) sooner than expected.
  • Notably, MTG Esports, one of the largest US based businesses, recently reported huge growth in its eSports league (ESL). Over the course of the first seven months of 2019, ESL’s data shows that unique users (+90%), hours watched (+190%) and video views (+55%) all significantly increased as a result of fans tuning into properties such as ESL One, Intel Extreme Masters and ESL Pro League tournaments, shattering the numbers recorded in 2018.
  • It is possible that we could see an professional (multi-game) eSports teams/organisations become sufficiently profitable that they could look to go public, which could materially change industry dynamics.

Activision’s Share Price

🗞 Daily Crypto News, September, 17th💰

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

🗞 Bitcoin’s Record Hash Rate May Hint at Price Gains to Come

View


With the hash rate or miner’s confidence hitting record highs, bitcoin’s three-day narrowing price range looks set to end with a bullish breakout.


A range breakout would open the doors to $10,956 – the bearish lower high created on Aug. 20.


A break below Friday’s low of $10,154 would confirm a range breakdown and could yield a sell-off to $9,855 (Sept. 11 low).

🗞 STEEM did not MOON 🌚 after HF 21-22 BUT metrics are looking better. Check this out ! 🙌

As I wrote in previous blog posts, I reinvested in STEEM ahead and after the HFs.


After cruising, interacting and curating Steemians posts, I can say now I like the #newsteem better than the old one. This is a feeling but I believe people came back to the platform and interractions / payouts are less skewed thanks to some bots switching to curation and some whales “playing the game”.


Below I am going to share with you some datas that I believe should make us optimistic about STEEM future.

As seen in @penguinpablo ‘s statistics (link here)

  • Accounts transacting are increasing steadily since last week to reach 39,647 on week 36 of 2019 (vs 34,958 the previous week)

Click Here to see the Full posts and all the graphs

🗞 Bitcoin Addresses Worth $100,000 or More Hits All-Time-High

The number of Bitcoin (BTC) wallet addresses holding a minimum of 10 BTC — worth over $100,000 to press time —  has hit an all-time high, multiple data sources reveal.


According to BitInfoCharts’ Bitcoin Rich List, as of Sept. 17, there are 157,210 addresses holding between 10 and 1,000,000 BTC. 


Earlier this month, Coin Metrics’ State of the Network report had plotted the latest data historically to reveal that these mega-holders are at an all-time high for the network.

Addresses Holding At Least 10 BTC

🗞 Binance Makes Strategic Investment in Chinese Crypto Media Firm

Cryptocurrency exchange Binance, the world’s largest by trading volume, has made a strategic investment in Chinese media and data source Mars Finance.


According to a report from Bloomberg citing a press release, the investment amount was not disclosed, but values the company at $200 million.


Aside from Binance, which reportedly made its first strategic investment in China with the round, Beijing-based Mars Finance was also backed by Ceyuan Ventures and Matrixport, a financial services startup founded by co-founder of bitcoin mining firm Bitmain, Jihan Wu.incorrectly applied.

🗞 US Army Seeks Blockchain Experts Who Can Trace Bitcoin in Real-Time

The United States Army Contracting Command (ACC) of New Jersey has issued a pre-solicitation notice for cryptocurrency investigation service providers. 


As a pre-solicitation, posted on July 25, the notice and the ACC’s responses do not bind ACC to solicit or award a contract.


For use in criminal investigations


According to the ACC, the cryptocurrency analytics solution is being sought for use by the U.S. Army Criminal Investigation Command (USACIDC) for use in criminal investigations and other missions.


The notice outlines that the contractor must provide a cloud-based, online service — not reliant on hardware or software — that can assist law enforcement in identifying and pursuing actors using cryptocurrencies for illicit purposes such as fraud, extortion and money laundering.

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📑 Daily Crypto Calendar, September, 17th💰

Hard Fork

Shanghai International Blockchain Week from September 14 – 18.

“Join us for another Theta AMA on Tuesday, September 17th at 4pm PDT / 11pm UTC! The AMA will feature Theta’s Head of Platform Tim Li…”

“We are looking forward to the upcoming meetup at Epitech in September.”

“We are proud to announce that BiblePay will be listed on TOKOK on September 17th!”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Today, we tested and broke the support line at 0.155$ during some hours but it looks like the market want come back upper than this line. We need to check now if this is not a pull back before the continuation of the drop or if that break was just a trap from the market to buy some steems at a very good prive. Let’s see if the current candle will close upper or lower than the support line at 0.155$.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

This image has an empty alt attribute; its file name is DW.jpeg

STEEM did not MOON after HF 21-22 BUT metrics are looking better. Check this out !

Dear Steemians,

As I wrote in previous blog posts, I reinvested in STEEM ahead and after the HFs.

After cruising, interacting and curation Steemians posts, I can say now I like the #newsteem better than the old one. This is a feeling but I believe people came back to the platform and interractions / payouts are less skewed thanks to some bots switching to curation and some whales “playing the game”.

Below I am going to share with you some datas that I believe should make us optimistic about STEEM future.

As seen in @penguinpablo ‘s statistics (link here)

  • Accounts transacting are increasing steadily since last week to reach 39,647 on week 36 of 2019 (vs 34,958 the previous week)

STEEM Power up !

  • Most importantly, the Net Power up was STRONGLY positive last week at +977,939 ! Something we didn’t see for months !
  • As shown in the tables below, Week 33 saw the biggest net power up at 363,873 STEEM over the past 8 weeks.
  • To add to these great numbers, other Steemians (as myself) have been BUYING STEEM on Exchanges ! More than 1,145,000 STEEM have been purchased FROM exchanges

In addition, do not forget that @steemit inc. announced they would pause their power down for a few weeks which should help STEEM prices.

Daily Users

Looking into @arcange statistics I could also some good news, Active users remain stable and sit at the top range of the past weeks (c.40k daily). If we continue to promote and curate good contents, these numbers could be finally increasing and sit passed 50k as it used to a few months ago

Transactions

Transactions on the STEEM blockchain are also healthy and should remain high as many projects continue to onboard users (@steemmonsters, @actifit, @steemhunt, @appics, @esteem …)

Inflation

As stated by @jrcornel, STEEM inflation is quite reasonable versus other altcoins and is supposed to decrease below 8% in 2020 to reach 0.95% in 2037.

Here is the table of STEEM’s inflation rate

Year Supply Inflation New Supply
2016 250,000,000 9.50% 23,750,000
2017 273,750,000 9.08% 24,854,398
2018 298,604,398 8.66% 25,854,554
2019 324,458,952 8.24% 26,727,942
2020 351,186,894 7.82% 27,452,027
2021 378,638,921 7.40% 28,004,740
2022 406,643,661 6.98% 28,364,989
2023 435,008,650 6.55% 28,513,181
2024 463,521,832 6.13% 28,431,762
2025 491,953,593 5.71% 28,105,742
2026 520,059,335 5.29% 27,523,204
2027 547,582,539 4.87% 26,675,768
2028 574,258,308 4.45% 25,558,997
2029 599,817,304 4.03% 24,172,733
2030 623,990,038 3.61% 22,521,348
2031 646,511,386 3.19% 20,613,886
2032 667,125,272 2.77% 18,464,106
2033 685,589,378 2.35% 16,090,399
2034 701,679,777 1.93% 13,515,587
2035 715,195,364 1.51% 10,766,608
2036 725,961,973 1.08% 7,874,074
2037 733,836,047 0.95% 6,971,442

Current Price and Market Cap (53,472,257 USD). Sits at Rank 80

Maybe we are sitting at the bottom, only time will tell, but overall I want to emphasize that this #newsteem as much higher changes to go up than before for all the points mentionned above.

I know that you all probably believe in STEEM if you read this, we have to continue to get the words out as some of us are doing on Twitter or other social medias.

What do you think?

I would love to hear your opinion on this subject. I will set a 10 STEEM @steem-bounty to open the discussion.

@vlemon

🗞 Daily Crypto News, September, 16th💰

  • Bitcoin Price Indicator May Signal Next Leg Higher ;
  • Binance CEO: Bitcoin Futures Platform ‘SAFU’ After Attack False Alarm ;
  • Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online ;
  • What Bitcoin’s Valuation Says About Its Volatility ;
  • OKEx Delisting Monero, Dash, Privacy-Cryptos Over FATF Demands ;
  • 📑 Daily Crypto Calendar, September, 16th💰
  • STEEM Trading Update

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

🗞 Bitcoin Price Indicator May Signal Next Leg Higher

History looks to be repeating itself in the bitcoin market, as a key indicator’s bullish turn could mark the beginning of the next meteoric price rally.


The world’s most valuable cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, according to Bitstamp data. For instance, the bitcoin bear market ended near $3,100 in mid-December 2018 and prices built a base below $4,000 in the following three months before breaking into a bull market on April 2.


Notably, the bear market drop ran out of steam two months before the 50- and 10-week moving averages confirmed a bearish crossover (in February 2019).

Weekly chart

🗞 Binance CEO: Bitcoin Futures Platform ‘SAFU’ After Attack False Alarm

The CEO of cryptocurrency exchange Binance has dispelled fears a bad actor had attacked its newly-launched Bitcoin futures platform.


Technical error crashed Bitcoin price


In a series of tweets on Sept. 16, Changpeng Zhao, also known as CZ, initially warned that the exchange’s futures were under attack from one of its own market makers. 


The perpetrator allegedly crashed the BTC/USD order book from $10,324 to $10,024, in what Zhao said was the second such attempt at an attack. 


Binance launched its futures platform in invite-only mode following a user testing period earlier this month. Two platforms were originally available, with users voting for their preferred choice. 

🗞 Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online

The computing power dedicated to mining bitcoin has hit yet another new high, suggesting that more than 600,000 powerful new machines may have come online in the last three months.


According to data from crypto mining pool BTC.com, bitcoin’s two-week average hash rate has crossed another major threshold, reaching 85 exahashes per second (EH/s) around 19:00 UTC last Friday. Meanwhile, mining difficulty also adjusted to a new record of nearly 12 trillion.


Notably, both figures have jumped 60 percent since June 14, the data shows.


Bitcoin’s mining difficulty – a measure of how hard it is to create a block of transactions – adjusts after 2,016 blocks, or roughly every two weeks. This is to ensure the time to produce a block remains around 10 minutes, even as the amount of hashing power, deployed by machines around the globe competing to win freshly minted bitcoins, fluctuates.

🗞 What Bitcoin’s Valuation Says About Its Volatility

Most of us think we understand the term “volatility.”


We digest headlines about tense political situations around the world; we are wary of explosive chemical compounds; some of us have had relationships with their fair share of ups and downs.


“Volatility” implies sharp and unpredictable changes, and usually has negative connotations. Even when it comes to financial markets, we intuitively shy away from investments that would produce wild swings in our wealth.


But volatility, in finance, is usually misunderstood. Even the most commonly accepted calculation is often incorrectly applied.

🗞 OKEx Delisting Monero, Dash, Privacy-Cryptos Over FATF Demands

The South Korean arm of cryptocurrency exchange OKEx is removing support for five major altcoins due to new international regulations. 


FATF rules halt privacy coins trading


According to crypto news outlet The Block on Sept. 16, OKEx’s Korea unit will halt trading of Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on Oct. 10.


The reason, says the exchange, is that as since they are focused on privacy, the coins fall foul of new guidelines set out by the intergovernmental body the Financial Action Task Force, or FATF.


As Cointelegraph reported, the sweeping changes to crypto transaction rules demand businesses to identify the two parties sending funds to each other if a transaction is worth more than around $1,000. 

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📑 Daily Crypto Calendar, September, 16th💰

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

Kick-off of elaborate ‘Tael Insider’ newsletter marketing campaign designed to inform project followers of latest developments & ecosystem.

Decentraland SDK Hackathon from September 16-30.

“Dash is launching on @CoinbasePro on Monday Sept 16 at 10am PST”

“I would like to inform you regarding the upcoming hard fork. I have decided to implement it on block 216000 (approx 16th of sept).”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

téléchargement.png

Here is the current chart :

STEEMUSD.jpg

Today, we continued the bounce started yesterday. We have higher lows so the trend is not broken, even we have a low volatility. I think most of altcoins are also waiting to see the direction that the BTC will take and this is why most of coins are very quiet these last hours. However, there is nothing negative for the STEEM today, exactly like yesterday, se we can again enjoy about these positive news.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

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Will The Russell 2000 Finally Join The Party???

On Tuesday the Fed Powell
will discuss US monetary policy and on Weds will announce whether he is keeping
interest rates on hold or dropping them.  In July Fed Powell lowered interest rates for
the first time in a decade.  Wall Street
is expecting the same on Weds, pricing in an 86% chance of a quarter-basis
point cut.

If the US equity markets are going to continue their climb higher, the Russell 2000 must fall inline.  The Russell 2000 index represents the largest 2000 small cap public companies in the US.  But in recent months the Russell 2000 have been stubborn to rise with the DOW, NASDAQ and S&P 500 as indicated by the green line.

Source

Usually towards the end of the business cycle, rising interest rates hurt smaller companies the most because they have a higher debt to earnings ratio and lower free cash flow relative to much larger companies.  Also, smaller companies are more volatile and tend to react and respond to changes in economic conditions and changes in investor sentiment first. However, if rates are going to continue to get cut, that should help the Russell 2000 to finally join the party. And based on the Russell 2000 outpacing its friends last week, I think it things a rate cut is already “money in the bag.”

Source

The iShares Russell 2000 ETF, which tracks the Russell 2000 Index of stocks with smaller market capitalizations, saw its largest weekly inflows in nearly a year during the week that ended September 6. Those inflows totaled $1.5 billion and followed a $340 million inflow during the final days of August. Since bottoming out on August 27, the iShares ETF has rallied nearly 9% compared to the S&P 500’s gain of 5% over the same period.

There is the possibility that the resurgence could be longer lasting if the Federal Reserve’s interest rate cut at the end of July is more than just a one-off and marks the beginning of a rate-cutting cycle.

Judging by history, further rate cuts would be supportive of small-cap equities. During the first year following the start of a Fed rate-cut cycle, small caps have risen on average 28% compared with just 15% for large caps, according to investment banking firm Jeffries, per the FT.

Source

Thus the chart suggests the two levels to monitor above price are the daily supply at $1630 and $1665.

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.