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? Daily Crypto News, July, 19th?

July 19, 2019 (updated July 19, 2019) Published by
  • China Ruling Bitcoin is Property Again Is ‘Major Milestone,’ Says Investor ;
  • Privacy Cryptocurrency Zcash Prepares for ‘Friendly’ Fork ;
  • Bitcoin Price Jumps $1K in 30 Minutes to Top $10,000 Again ;
  • Jamie Dimon Says Libra Does Not Pose a Threat in Short Term ;
  • Steve Wozniak Co-Founds Blockchain-Based Energy Saving Firm in Malta ;
  • ? Daily Crypto Calendar, July, 19th?
  • STEEM Trading Update

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

? China Ruling Bitcoin is Property Again Is ‘Major Milestone,’ Says Investor

Bitcoin (BTC) has gained legal recognition by a second Chinese court in a further boost for the cryptocurrency in one of its harshest environments.


A watershed for Bitcoin in China


According to investor Dovey Wan, who linked to local media coverage, the Hangzhou Internet Court formally described Bitcoin as virtual property on July 18. 


The second such court to attribute property status to Bitcoin, the ruling came about as part of a dispute between a now-defunct exchange and one of its users who lost funds. 


For Wan, the case marks a significant watershed for Bitcoin in China, where a blanket ban on trading it has been in place since September 2017. 

? Privacy Cryptocurrency Zcash Prepares for ‘Friendly’ Fork

In about five hours, the privacy-oriented cryptocurrency Zcash will spawn a new blockchain network called Ycash.


It’ll be the first of its kind to boast a near-identical codebase to the Zcash blockchain but function as a separate network and de facto competitor.


First announced in April, the effort is spearheaded by long-time Zcash supporter Howard Loo. Loo described in a Zcash forum post that Ycash was a preemptive move to resist future community decisions that may extend Zcash’s system of developer funding known as the “Founder’s Reward” beyond a promised 10 percent cap of total token supply.

? Bitcoin Price Jumps $1K in 30 Minutes to Top $10,000 Again

Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data.


The sudden rally could be associated with the massive unwinding of short BTC/USD positions (profit taking) seen in 30 minutes to 15:00 UTC, as reported by bot powered twitter handle @WhaleCalls.


Prices had dropped to a low of $9,280 at 14:00 UTC, having repeatedly failed to beat the psychological resistance of $10,000 in the Asian session and during early European trading hours. But, bitcoin’s price rise is now boding well for the broader market.


Names like litecoin and bitcoin SV are reporting double-digit gains at press time. Meanwhile, ethereum’s ETH token and XRP are up 6 percent and 3 percent, respectively.

? Jamie Dimon Says Libra Does Not Pose a Threat in Short Term

Jamie Dimon, CEO of global financial services firm JPMorgan Chase, argued that Facebook’s cryptocurrency project Libra does not pose a threat in the foreseeable future.


As reported by CNBC, Dimon delivered his comments during a conference call with analysts on Tuesday, July 16. Dimon said that he would not spend too much time on Libra, specifying that “to put it in perspective, we have been talking about blockchain for seven years and very little has happened. We are going to be talking about Libra three years from now.”


Dimon continued saying that any new effort will have to comply with the industry’s Anti-Money Laundering provisions.

Dimon said:

? Steve Wozniak Co-Founds Blockchain-Based Energy Saving Firm in Malta

Steve Wozniak, co-founder of American tech giant Apple, has invested in a new blockchain-based company headquartered in Malta. Wozniak is now the co-founder of energy efficiency company Efforce, according to a report by Maltese news daily The Malta Independent on July 18.


Wozniak co-founded the company alongside Jacopo Visetti, who — according to his LinkedIn profile — works in the renewable energy and environment sector. According to this page, Visetti co-founded Efforce in January, 2018 — approximately one year and seven months ago. 


According Efforce’s LinkedIn page, the company provides the first blockchain-based platform focused on investing in energy efficiency, with its stated goal “to be recognized as the first and main platform in the world for tokenized energy savings.”

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? Daily Crypto Calendar, July, 19th?

Odocrypt algo will be activated at the block 9.100.000.

“The Q&A with Waves CEO @sasha35625 has been rescheduled! The session will start on Friday, July 19 at 3:00 PM (UTC).”

“A premier gathering of the best creators, innovators, and industry experts in the decentralized space.”

“We are happy to announce the official release date of internal exchange service on the 19th of July.”

Binance DEX lists HYN/BNB trding pair. Trading begins at 16:00 (GMT+8).

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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 currently consolidating just upper the major resistance line at 0.24$ while the BTC is having a very nice bounce. It is becoming hard for all the altcoins and STEEM is not better than other and is sometimes even worst. What to say, we have to wait for better days, the market doesn’t really care currently for the altcoin market and I really don’t know how many time it will last like that. Courage and perhaps focus on the BTC if you want do short term trades.

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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 !

Too good to be true…

July 18, 2019 (updated July 18, 2019) Published by

Sorry guys….

It was too good to be true…

Thanks to @chesatochi I realized that steemworld is shown differently if I check @steemit using chrome or using firefox…

If using firefox I get this:

if using chrome I get this:

Perhaps I clicked on the “x” and I have permanently closed the pop -up window at Chrome… don’t know…

…but @whatsup was right… Seems that “they have no plans of changing their selling rate yet.“

I’ve been Too Fast Eddie…

GREAT NEWS!!!!!!!!!!!!!!!!!

July 18, 2019 (updated July 18, 2019) Published by

Man! I cannot believe what I have discovered a few minutes ago!!!!

@steemit has stopped its eternal POWER DOWN!!!!!!

Go to steemworld and check and tell me if I am wrong here!!!

NO MORE DRAINAGE?

  • Remember that just @steemit was powering down almost 400,000 SP a week, since months already!
  • Remember that this amount was, in a huge proportion, one of the main reasons the liquid STEEM at the exchanges was permanently growing, at a rate not lower than 500,000 SP a week (see @penguinpablo weekly post to check it out)
  • Remember that due to this constant growth of Liquid STEEM accumulated at the exchanges, it was impossible to keep a sustained price, even when the whole market is rising because the OFFER of STEEM was somehow INFINITE…

Probably we should record this date (TODAY) as the day on which STEEM touched the BOTTOM.

We DESERVE IT.

Steem on!

@toofasteddie

A fair Betting / Gaming Website using the STEEM Blockchain !

July 18, 2019 (updated July 18, 2019) Published by

Dear Steemians,

Today I want to talk to you about a nice website if you feel like betting or gambling !

KryptoGamers is the website/dapp I am talking about.

Every bet is auditable through the running code (see below)

This is a nice addition to make you willing to trust a third party.

3 different games you can play

On their Platform you can play:

  • Dice
  • Blackjack
  • VideoPoker

They developed their own token listed on @steem-engine: GAMER

You can earn these tokens in many different ways:

  • By playing, you earn some tokens
  • Buying them on Steem-engine
  • Some were Airdrops to early birds
  • Daily Promotions (see the picture below)
  • …

You can stake them in order to get Dividends

  • 70% of the Profits calculated as per the house edge of each game are distributed as dividends
  • Upcoming dividends will be ready to claim after 8:30 AM UTC Daily
  • Only Staked Tokens are eligible for dividends
  • Upcoming dividends may vary as players stake and unstake

Kryptogamers just introduced a BuyBack system founded by 0.05% of the total wagered amount

This is suppose to increase the value of the Token over the long term.

If you are convinced and want to develop the STEEM Ecosystem, just log in with Steemconnect and start playing here

image.png

Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

The sorry state of Whaleshares.

July 18, 2019 (updated July 18, 2019) Published by

When Whaleshares started up many hated it, many were skeptical, many called it a steemit clone. But im someone that likes giving projects the benefit of the doubt. I gave it a shot and for a while things were going ok. There were promises of massive development, of some kind of secret update that would change everything (still dont know what that is) so i stuck around.

I did my best to talk positive about Whaleshares and to be part of the community and for most part it was enjoyable. I met some great people and some not so great ones but overall the positive camp was much bigger.

Whaleshares in a couple months will be 1 year old and looking back i cant say i see them ever achieving much. There was a lot of promise, there were passionate people involved, there was a solid ground to build upon and a solid idea…

But unfortunately passionate people and solid ideas does not necessarily translate into success.

THE PROBLEMS:

Lets be honest here. When Whaleshares came to be, it came to be from a few disgruntled individuals that thought they could create a better Steemit. A fairer community with better token distribution and rewards for the best contributors. They thought they would eliminate bots and vote buying..

They were wrong.

They failed so badly that they didnt achieve any of that. Vote buying turned into whaletoken purchases on Bitshares and the fairer token distribution went down the toilet with “curation projects” like V12 lead by Scipio that would basically vote up a post with a small percentage and then upvote the comment on the post in question of the V12 account saying: “You got curated!” (Im paraphrasing) with a full vote.

Then you had guys like Haejin or Vladimir self voting just like on Steemit and nothing was being done about it. Now i dont know if they are still on Whaleshares. I dont care to look but a month ago when i last dropped by that was the case.

The problem with some Whaletokens (Not all allow trading) is that the purchase of a vote would get you around 2 times more WLS then if you purchased WLS directly. This ofc acted as a downward pressure on the price.
What some people did, and what i did for a time is simply sell the WLS i get from powering down, purchase the vote and then again just sell the WLS.

Bam! You just made a 200% return on your purchase and that just compounded over time. All you need to do is repeat this over and over. There was no point in buying WLS. Only selling it.

So those are 2 things..

The biggest issue though, i will talk about next is the behavior of the people heading the project. Again, i have to repeat, the devs in charge are really nice people and i cant say a single bad thing about them in terms of their actions towards me nor have i ever seen them act unfairly to anyone.

But…. i have to touch up on the most important thing which is why im basically done with Whaleshares for now…

THE UNREASONABLE FEAR OF THE MARKET:

<

Related image

I have discussed this issue with the devs in the Whaleshares chat, DMs and on chain on a number of occasions and the responses i got were extremely discouraging and showed me a complete lack of understanding of how the crypto market works along with an irrational fear of leaving their small corner of Bitshares.

I will not name names but you can always find the conversations in the Whaleshares discord chat or on chain if youre interested.

I have talked to a number of people and the strange thread of thought they had is the following:

>If WLS gets listed that will lead to whales taking control of Whaleshares and then they can dump WLS and that will destroy the price.

The feeling i got from this is that they want to live in a bubble hidden from the world. They fear they will lose control if investments come in.

That was very strange to see because the price has already tanked by 99.1% in 10 months. (now at $0.003 from a high of $0.33). The smaller your market cap is, the easier it is for anyone to manipulate the market. Someone with a few thousand dollars could do it. Without money coming in all you have is WLS going out, votes being purchased and the price tanking even more.

It seems to me that the unreasonable fear of the market, the fear that Whaleshares will end up like Steemit (in their minds) is the downfall of Whaleshares and WLS.

It is a sorry thing to see from a project that had potential. Sorry even more so because those are some good people there that put in work and dedication to create something “better”. Unfortunately their mindsets are not well suited for success in the world we call crypto.

Just a few thoughts and ill see you guys later.

Crypto Contest July 18: Origo

July 18, 2019 Published by

Origo (Huobi: OGOUSDT) 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, OGO began a wave one advance on July 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 8, and the red wave two (blue sub-waves a-b-c) correction ended on July 17. If this wave count is correct, OGO should be heading next towards the July 8 peak in the red wave three.

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

Funnymentals

Origo is a privacy preserving platform for decentralized applications. You can watch their latest AMA below.

(Sources: Origo and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

? Daily Crypto News, July, 18th?

July 18, 2019 (updated July 18, 2019) Published by
  • The Case $7.5K Could Become Bitcoin’s New Price Support ;
  • G7 Approves Japan’s Cryptocurrency-Based SWIFT Alternative ;
  • Lawmakers Amp Up Pressure on Facebook to Halt Libra Cryptocurrency Development ;
  • Jamie Dimon Says Libra Does Not Pose a Threat in Short Term ;
  • Swiss Crypto Broker Bitcoin Suisse Applies for Banking and Securities Licenses ;
  • ? Daily Crypto Calendar, July, 18th?
  • STEEM Trading Update

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

? The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts.


Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.


It is worth noting, however, that a similar golden crossover on the three-day chart was observed in early February 2016, when a bitcoin bull market was then in its nascent stages.

? G7 Approves Japan’s Cryptocurrency-Based SWIFT Alternative

The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT.


Replace SWIFT with a global crypto payments network?


Citing an anonymous source, a Reuters report published on July 18 claimed that the country’s push for the network is motivated by a resolve to combat money laundering more effectively.


While plans are being kept firmly under wraps, the source alleged that Tokyo hopes to have the network established within the next few years. 


Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. She said up to 60 users purchase a total of one or two bitcoins every week.


? Lawmakers Amp Up Pressure on Facebook to Halt Libra Cryptocurrency Development

U.S. lawmakers repeatedly pressed Facebook’s top blockchain executive to halt development of the Libra cryptocurrency during a contentious hearing on the project Wednesday.


They didn’t get far.


David Marcus, the CEO of Facebook’s subsidiary Calibra, reiterated his promise that Libra would not launch until regulators’ concerns were fully addressed. But he stopped short of committing to freezing technical work on the project, much to the chagrin of House Financial Services Committee members.


The committee’s chairwoman, Rep. Maxine Waters (D-Calif.), had previously called for a moratorium, and it was one of the first things she brought up in the hearing, asking the Facebook executive:


“Will you stop dancing around this question and commit here in this committee … to a moratorium until Congress enacts an appropriate legal framework to ensure that Libra and Calibra do what you claim it will do?”

? Jamie Dimon Says Libra Does Not Pose a Threat in Short Term

Jamie Dimon, CEO of global financial services firm JPMorgan Chase, argued that Facebook’s cryptocurrency project Libra does not pose a threat in the foreseeable future.


As reported by CNBC, Dimon delivered his comments during a conference call with analysts on Tuesday, July 16. Dimon said that he would not spend too much time on Libra, specifying that “to put it in perspective, we have been talking about blockchain for seven years and very little has happened. We are going to be talking about Libra three years from now.”


Dimon continued saying that any new effort will have to comply with the industry’s Anti-Money Laundering provisions.

Dimon said:

? Swiss Crypto Broker Bitcoin Suisse Applies for Banking and Securities Licenses

Bitcoin Suisse, a crypto-broker and pioneer of Switzerland’s “Crypto Valley,” has taken anticipatory steps to comply with a “maturing” regulatory environment.


The firm announced on Tuesday that it has applied for a banking license with Swiss Financial Markets Supervision Authority (FINMA), as well as a security dealer’s license, mandated by the Stock Exchange and Securities Trading Act (SESTA). In the past, financial authorities at the Swiss Federal Council said blockchain and distributed ledger technology will be governed by existing regulatory schemes.


However, a Suisse company representative said:


“We believe that in the long-term, more regulation will follow, as soon as the legislation catches up with the technological developments of the space. We believe that within this new regulatory environment, companies without the necessary licenses will have a limited ability to serve clients with the full spectrum of high quality, innovative crypto-financial products and solutions.”

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? Daily Crypto Calendar, July, 18th?

YCash, the first “friendly fork” of the ZCash blockchain, forks at block height 570,000 (expected July 18).

“We are hosting a Ask Me Anything (AMA) with SWIPE on Tokenomy’s English and Indonesia Telegram Groups!”

HarmonyAsia China from July 18 – 22.

“Join us for our cross-community office hours with Hedera @hashgraph this Thursday on Telegram!”

“Sia will be hosting its congressional hearing..oops..#AMA tomorrow, July 18th from 12 pm EST on @reddit and twitter!”

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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 currently consolidating just upper the major resistance line at 0.24$ while the BTC is having a very nice bounce. It is becoming hard for all the altcoins and STEEM is not better than other and is sometimes even worst. What to say, we have to wait for better days, the market doesn’t really care currently for the altcoin market and I really don’t know how many time it will last like that. Courage and perhaps focus on the BTC if you want do short term trades.

image.png

Last Updates

image.png

Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

BITCOIN: now, be careful…

July 17, 2019 Published by

…because in order to know if the bottom of the correction was IN, we have to see first BITCOIN over-passing clearly the 11000 USD level:

…and to do so, we need VOLUME!!!!

Essentially I would like to see a “balance” in the 24 Hour Volumen between TETHER and BITCOIN:

…as you can see, still there is a difference of almost 3Billion there…

The GOOD NEWS is that ALTCOINS are probably being feed also by TETHER since 87 out of the top 100 coins are in GREEN, by the way, also STEEM which is really a new NEW since we used to be stagnant while BITCOIN rises!

STEEM is 12% up from the Year’s BOTTOM, reached yesterday!

Enjoy and take care!

@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.

China has slashed clean energy funding by 39%, leading a global decline

July 17, 2019 Published by

China has slashed clean energy funding by 39%, leading a global decline (MIT Technology review)

  • According to a report by Bloomberg NEF, the global investment in clean-energy projects has dropped to its lowest level in six years, at $117.6bn for H1 2019, representing a 14% decline yoy.
  • China has reduced its investment by 39%, following reductions in solar subsidiaries. The US and Europe also reduced their investments by 6% and 4%, respectively. Spending in Japan, India, Spain, and Sweden rose.
  • The drop follows a slowdown in renewable-energy construction last year, and coincides with a reduction of private investments into clean energy companies (down by 2% to $4.7bn).
  • Despite the drop in China’s investments, the country remains the world’s biggest clean-energy spender. Spending may pick up again in H2 as some big offshore wind deals come through and China holds an auction for solar power.

Analytics and Comments

  • Renewables were becoming unsustainable as the grid was already starting to fail to cope with them. In 2016, solar curtailment rates in China rose to 16% as a result.   
  • This is the reason why solar plus energy storage is the only option, with massive growth already happening in places such as the US and Australia.
  • With growth in high power DC charging infrastructure, utilities and transmission companies will be forced in to invest in stationary storage, microgrids, virtual power plants, and electricity trading between households and commercial clients.
  • This is already happening and, in my view, represents a growth opportunity for the likes of big industrials such as Siemens, Schneider, ABB, and also smaller players such as Alfen, PSI and EPS.   
  • The news comes at a time when a new study by PLoS One, a peer-reviewed scientific journal, reports that more than 75% of the world’s major cities will experience drastic changes in climate by 2050.
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Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

Crypto Contest July 17: InvestDigital

July 17, 2019 Published by

InvestDigital (Huobi: IDTBTC) 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, IDT began a wave one advance in December 2018. The red wave one finished in April this year, and the red wave two correction ended in May. The red wave three advance finished in June, and the red wave four correction ended on July 12. If this wave count is correct, IDT should be heading next towards the June peak in the red wave five.

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

Funnymentals

InvestDigital is the asset management protocol and toolset for crypto assets, and it is implemented on EOS blockchain. All the InvestDigital products are listed below.

(Sources: InvestDigital)

How can I vote? Where is the contest?

You can vote by following this link.

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