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? Daily Crypto News, June, 25th?

June 25, 2019 (updated June 25, 2019) Published by
  • BIS Wants ‘Level Playing Field’ for Banks Amid Threat from Facebook ;
  • Facebook’s Libra Cryptocurrency: Bad for Privacy, Bad for Competition ;
  • Bitcoin on Track for Best Second Quarter Price Gain on Record ;
  • Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run ;
  • President of Uganda to Lead Blockchain Conference in Kampala in July ;
  • ? Daily Crypto Calendar, June, 25th?
  • STEEM Trading Update

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

? BIS Wants ‘Level Playing Field’ for Banks Amid Threat from Facebook

The Bank for International Settlements (BIS), often described as the bank for central banks, has issued its annual report for 2019, expressing concerns over the expected disruption as big tech firms like Facebook enter the financial space.


While titled “Big tech in finance: opportunities and risks,” the report looks at the risks and challenges posed by companies such as Alibaba, Amazon, Facebook, Google and Tencent, rather than paying lip service to the potential benefits of this building fintech revolution.


These firms have developed huge customer bases, says BIS, and have the benefit of a “data-network-activities loop” which gives them ” the potential to become dominant.”


While the encroach of such companies into payments, money management, insurance and lending has only just started, it brings the potential for major change in the finance industry.

? Facebook’s Libra Cryptocurrency: Bad for Privacy, Bad for Competition

Allowing Facebook to mint its own coin, the Libra, would turn it into the greatest anti-competitive trust case in history. It would make the early 20th century Morgans or Rockefellers seem downright competitive.


Even before it unveiled its vision for a global cryptocurrency this month, Facebook was already a near-monopoly in social media, and part of a duopoly in its main markets. Together with Google, it controls 82% of the digital advertising market. 


In the past, Facebook has purchased any company that threatened it, e.g. Instagram and WhatsApp. And, when it spots a company that won’t sell itself or would be difficult to purchase, it uses the “embrace, enhance and extinguish” technique.  

? Bitcoin on Track for Best Second Quarter Price Gain on Record

Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains have bolstered the long-term bullish technical setup.


While the relative strength index is reporting overbought conditions, there are no signs of bullish exhaustion on the daily, 3-day or weekly charts. As a result, the outlook remains bullish with resistances lined up at $11,247 and $11,394, according to Bitstamp data.


A minor pullback to $10,000 could be seen if the price again fails to hold onto gains above $11,000, validating a more bearish setup on the 4-hour chart.


The bullish outlook would be invalidated if the price finds acceptance below $9,097 (May 30 high).

? Crypto Analyst Says Bitcoin Price Could Hit $100,000 During Next Bull Run

ThinkMarkets chief market analyst Naeem Aslam predicts that bitcoin (BTC) will hit somewhere between $60,000 and  $100,000 during its next bull run, according to a Fox Business interview on June 24.


Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver. Bitcoin successfully reached the five figure mark on June 22, marking a record high that has not been seen in over one year.


According to Aslam, the major price points to look out for now are $20,000 and $50,000. He argues that by hitting $20,000, discussion will move from conservative estimates exceeding the number one cryptocurrency’s all-time high to forecasts of $50,000; from there, breaking $50,000 will move the price target to $100,000. 

? President of Uganda to Lead Blockchain Conference in Kampala in July

The President of Uganda, Yoweri Museveni, will officiate the 2019 Africa Blockchain Conference, according to a report by Kabuubi Media Africa on June 24


According to the report, The 2019 Africa Blockchain Conference — not to be confused with  The Blockchain Africa Conference 2019 which occurred in April — will be held from July 3 to July 4, and the theme is ’Africa 4.0:  Preparing Africa for the 4th Industrial Revolution.’ The conference topics will reportedly include fintech, payment systems, and the future of education.


President Museveni reportedly supported the use of blockchain technology in Uganda during his inaugural speech. Museveni is said to have cited four economic areas that he believes should be supported by blockchain technology: agriculture, manufacturing and processing, services, and the ICT sector.

? Daily Crypto Calendar, June, 25th?

“12 Days till $Waves dode release which will enable full-scale #dapps.”

COSS and LALA tokens merge to become COS token.

“NYC Cardano Meetup is holding another Cardano Meetup on 25 June!”

“Trading starts on the 25th of June when VRA/BNB pair opens for trading.”

Justin Sun Livestream

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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

As predicted yesterday, we went touch the resistance line at around 0.43$. However, we had an immediate rejection from the market as you can see with the several red candles. So yeah this first try was no a success. We are now progressing again and trying to break back the resistance line at 0.41$. Let’s see when it will be done if we will be able to break the 0.43 resistance line with a second attempt.

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Last Updates

Join this new Free To Play on the STEEM Platform !

Crypto Contest June 25: BTU Protocol

June 25, 2019 Published by

BTU Protocol (Bittrex: BTUBTC) 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, BTU began a wave one advance on May 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 9, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, BTU should be heading next towards the June 9 peak in the red wave three.

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

Funnymentals

BTU Protocol disrupts the current booking business model with decentralized processes, less middlemen and fairer commissions. You can watch their

Binance Coin May Be The Most Technically Sound Price Action There Is Right Now!

June 25, 2019 Published by

Have to say, the binance (BNB) price chart is clean and orderly.  It has just been a steady ascent for quite some time now without any real crazy rips or dips.
Consistently riding the moving average
Looking at the chart you can see how it continually grinds higher and then pulls back to the 10 day moving average.   Sometimes it will push below it for a couple days, but often it does not.  Either way it ends up pushing back above it and riding it higher.

This thing is in full uptrend mode as long as price maintains 35.50 or above.

State of the DApps & PALNET.io

June 24, 2019 (updated June 24, 2019) Published by

Checking STATE of THE DAPPS today…

I see that the supremacy of STEEM DApps is losing some terrain at the top 10.

4 out of the top 10 DApps are STEEM based but now ETHEREUM DApps are 5 out of 10…

But, wait… Am I the only one missing palnet.io listed at the STATE OF THE DAPPS website ?

Weird…

Palnet.io is a great project built on top of the STEEM blockchain, launched already more than three weeks ago, upgraded and updated and working perfectly. Users are also increasing day after day… so, @aggroed, why is it not listed there?

I could do it myself but I think it would not be fair at all since I am just a user so, I hope some of the developers (@aggroed , @yabapmatt or, why not other steemians involved at Palnet can do it as @crimsonclad for instance…

Just go to https://www.stateofthedapps.com/dapps/submit/new and submit the project.

@toofasteddie

Crypto Contest June 24: Electroneum

June 24, 2019 Published by

Electroneum (Huobi: ETNBTC) 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, Electroneum began a wave one advance on June 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 17, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, Electroneum should be heading next towards the June 17 peak in the red wave three.

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

Funnymentals

Electroneum is using the power of blockchain to unlock the global digital economy for millions of people in the developing world.

? Daily Crypto News, June, 24th?

June 24, 2019 (updated June 24, 2019) Published by
  • A Monumental Fight Over Facebook’s Cryptocurrency Is Coming ;
  • Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange ;
  • Why Ethereum’s Privacy Matters and What’s Being Built to Support It ;
  • Firm Behind Zcash to Introduce New Version of Protocol With Sharding ;
  • Craig Wright Failed to Disclose Bitcoin Holdings in Court Case, Says Lawyer ;
  • ? Daily Crypto Calendar, June, 24th?
  • STEEM Trading Update

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

? A Monumental Fight Over Facebook’s Cryptocurrency Is Coming

Given how slowly Washington lawmakers have taken to devise a coherent, informed view of cryptocurrency, the Chair of the House Financial Services Committee’s rapid leap to action last week over Facebook’s ambitious Libra project was remarkably fast.


But let’s reflect not on the details of Rep. Maxine Waters’ (D-Calif.) urgent requests that  Facebook to cease work on Libra until after hearings are held or on how European lawmakers made similar appeals. The important takeaway from these legislators’ actions is that they are able to make such demands at all. since this is not the case with truly decentralized projects.


Unlike with bitcoin, representative in Congress can directly identify and talk to the people in charge of the Libra project. They can subpoena them and, thus, pressure them. They might start with David Marcus, head of Facebook subsidiary Calibra, but, ultimately, it’s Facebook

? Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23.


An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining access to other users’ accounts.


The two allegedly created credential-stealing clones of major online cryptocurrency exchanges and wallets and sent links to those phishing sites on Telegram groups and other cryptocurrency-related communities. The two are also accused of being responsible for the 2016 Bitfinex hack, which saw multiple accounts being compromised.

? Why Ethereum’s Privacy Matters and What’s Being Built to Support It

Mixers. Computational data layers. Zero-knowledge proofs: these are just a few of the technologies being leveraged to enhance privacy on the ethereum blockchain.


Privacy for a public blockchain network is a bit of an oxymoron, given that, by nature of the technology’s design, data must be shared and widely distributed on the network in order to be considered valid. What’s more, for a high-profile public blockchain network like ethereum, several blockchain analytics websites and data scraping services exist to proliferate this data beyond just the users of the network.


Itamar Lesuisse, the CEO and co-founder of crypto wallet tool Argent, describes the matter of privacy on the ethereum blockchain as an issue for even “the most simplest use case” on the platform.

? Firm Behind Zcash to Introduce New Version of Protocol With Sharding

The Electric Coin Company (ECC), the firm behind second-biggest anoncoin zcash (ZEC), intends to build a new scalable zcash blockchain, cryptocurrency news outlet Forklog reports on June 22.


Per the report, chief engineer at ECC Nathan Wilcox said that the firm should “make Zcash usable by 10 billion people by 2050” if it can. Still, Decrypt notes that achieving this would require zcash’s blockchain to be able to manage thousands — or millions — of transactions per second.


Forklog states that ECC is considering implementing sharding, a scalability solution that Ethereum devs also plan to integrate into that network in the near future.

? Craig Wright Failed to Disclose Bitcoin Holdings in Court Case, Says Lawyer

The legal counsel for a plaintiff in a bitcoin (BTC) theft case involving Australian computer scientist Craig Wright, said that Wright — the defendant — failed to disclose his bitcoin holdings per court order. Devin Freedman of law firm Boies Schiller Flexner made his statements in a tweet on June 21.


As Cointelegraph previously reported, in May a United States court ordered Wright to produce a list of his public bitcoin addresses as of Dec. 31, 2013. Freedman declared that, since he has not complied, “he remains under an order to show cause why [Judge Florina] Reinhart shouldn’t issue sanctions” and order him to appear before Judge Beth Bloom and “explain why he shouldn’t be held in contempt.”


The order is part of an ongoing case against Wright — who self claims to be bitcoin creator Satoshi Nakamoto — that was filed by the estate of David Kleiman.

? Daily Crypto Calendar, June, 24th?

Dobi Exchange lists eBoost.

CloudEXPO 2019 in Silicon Valley from June 24-26. Oracle presents using LINK to demonstrate smart contracts.

Technical meetup at AYEKA. Charles Hoskinson delivers keynote speech and discusses contract driven economy.

Sovereignty by Design, Privacy By Default : Beam Glasgow Meetup.

“I will hold a livestream on @PeriscopeCo and @YouTube on 24th of June 19:00(PDT)….”

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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

After the support line at 0.39$ saved yesterday, I said you in my publication of yesterday that I was waiting that we will break the resistance line at 0.41$ to confirm the change of trend. It is now done as we broke this resistance line some hours ago. We are now going in the direction of the next resistance line at around 0.43$. This resistance line is very important for the future as it is blocking us since weeks now. Let’s see how the market will react when we will touch it.

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Last Updates

Join this new Free To Play on the STEEM Platform !

Is this the one?? $GLD $GDX

June 23, 2019 Published by

Gold has broken up. For now the precious metal is leading the charge in futures. Usually this has not been the case in the past. The leader was always the more riskier asset of silver, or the gold miners. But, every time is different and usually will only rhyme. Gold and crypto are higher into the weekend and if this breakout is TRUE then we are in for a whirlwind of currency fluctuations.

The dollar is about to get smoked and the metals and crypto breakouts should explode. Sorry gold bugs, you will gain but the crypto wizards will gain

Crypto Contest June 23: BeeKan

June 23, 2019 Published by

BeeKan (Huobi: BKBTBTC) 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, BeeKan began a wave one advance on December 22, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 21, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, BeeKan should be heading next towards the March 21 peak in the red wave three.

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

Funnymentals

Beenews is a value discovery platform for blockchain and digital currencies based on meta-graph chain (BKBT-Token).

(Sources: BeeKan)

How can I vote?

Bitcoin on a Long-Term View – Deja Vu?

June 23, 2019 Published by

With bitcoin flying around again one likely wonders – where will it go next?  Best way to get perspective on that is to sometimes take a step back in time.  As in the time frame you are looking at to clear the noise and see some obvious price points.
We do this by looking at the weekly chart rather than the daily.  Each candle represents a week’s worth of time and allows us to see a big picture and the levels where price reversed or bounced in the past over the course of a day or days.

Looking at the chart at

The FOMO is Real in Real Estate

June 22, 2019 Published by

Have you heard the term Fear of Missing Out (FOMO)?  It has become a common term in all types of investing in recent years and rightfully so with most markets continuing to push higher.
What is it to FOMO?
When something is appreciating continuously – whether a stock, a home or even a trading card – people get wound up and scared they are missing out on the action.  They are missing out of the chance to make some big bucks.
This leads people to chasing investments, such as overpaying for a home in a hot market because it “has to go up”

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