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? Daily Crypto News, June, 10th?

June 10, 2019 (updated June 10, 2019) Published by
  • Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns ;
  • G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto ;
  • MPC Explained: The Bold New Vision for Securing Crypto Money ;
  • I Started the Silk Road Wikipedia Page (Because Bitcoin) – Ryan Singer ;
  • Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon ;
  • ? Daily Crypto Calendar, June, 10th?
  • STEEM Trading Update

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

? Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns

United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrency EOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7.


In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development.


The tweet also hinted that fellow top crypto ADA is next in line to prove itself as a decentralized proof-of-stake (PoS) blockchain system:


“It’s now up to #ADA to launch a truly decentralized #PoS #blockchain. No pressure.”

? G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto

G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan.


The leaders that cosigned the document state that they urge relevant institutions to give greater consideration to crypto assets and consider appropriate action:


“We ask the FSB and standard setting bodies to monitor risks and consider work on additional multilateral responses as needed.”

? MPC Explained: The Bold New Vision for Securing Crypto Money

Advances in cryptography are converging to help developers bring blockchain applications closer to the core decentralizing principles on which this technology is founded.


Inventions such as atomic swaps, zk-SNARKS and Lightning-based smart contracts are allowing developers to realize the dream of true peer-to-peer transactions in which neither party, nor an outside intermediary, can act maliciously. Witness the rising number of non-custodial and decentralized exchange (DEX) services for trading crypto assets.


This is exciting. But it also shines a light on another big problem that has curtailed the widespread adoption of cryptocurrency and blockchain technology: secure key management.


For too long, the most reliable means of protecting the private keys that afford the holder control over an underlying crypto asset have been too clunky, insufficiently versatile, or difficult to implement on scale. User experience has been sacrificed in return for security.

? I Started the Silk Road Wikipedia Page (Because Bitcoin) – Ryan Singer

? Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon

Debit cards tied to cryptocurrency wallets provide an opportunity to spend your digital coins almost anywhere fiat money is accepted. It’s a working solution, at least until wider adoption comes around. That’s why they’ve become so popular in the crypto community. Challenges of different sorts have negatively affected some of the earlier offerings, but it’s good to see products that have survived and new ones that are gaining traction or are about to enter the market.

During the past year, crypto winter forced businesses to downsize and adjust to unfavorable market and regulatory conditions. Many are still trying to adapt and some are already seeking opportunities elsewhere. For example, the company that issued Shift, arguably the first bitcoin debit card in the U.S. which allowed holders to spend from their Coinbase wallet, is not offering it anymore. It’s now operating under a new brand name, Apto Payments. And in Europe, many card providers suffered a hard blow when Visa terminated Wavecrest’s membership – some have recovered, others are yet to return.

Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon

? Daily Crypto Calendar, June, 10th?

Smart contracts will be enabled on Zilliqa blockchain.

“On Monday, June 10th at 16:00 UTC, validators will vote to upgrade the Stellar Network to Protocol 11!”

Doge Token will be airdropped to Dogecoin holders in 1:10 ratio that register before June 10th 2019.

“Join us for an introduction to three companies building on #Cardano #blockchain, as well as a panel discussion and networking opportunity!”

AMA session with Beni Issembert, Beam CMO, at 7 PM (GMT) on Beam’s YouTube channel.

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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

Today we broke the resistance line at 0.39$ with a nice volume but unfortunalty, the reversal came with low volume but it was enough to remove all the gain of the day. So we are again lower than the resistance line at 0.39. We already dropped too much to do a pull back pattern so let’s see if the market will try to go back quickly break that resistance line. If it is not the case, I’m afraid we go test 0.34$ again.

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Join this new Free To Play on the STEEM Platform !

Forex Price Action Baby, No Technicals or Fundamentals…Trade #19 – Sold GBP/JPY (6/9/19)

June 10, 2019 Published by

10,000 Ft View – 4 Hr Chart

What I like about the price action is the downward direction since 2018.

Lets zoom in for the trade set-up. What I like about the zone is the stack of sellers on top of each other and the explosive move out of the zone before the pull back.

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.

Intermarket Relative Strength Analysis Report For The Week Starting 6/3/19

June 9, 2019 Published by

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in

World Stock Market Relative Strength Analysis Report For Week Starting 6/9/19

June 9, 2019 Published by

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets

SPDR Sector Relative Strength Analysis Report For Week Starting 6/10/19

June 8, 2019 Published by

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive sectors such as consumer staples, utility and health care stocks tend to outperform during a recessionary phase, while consumer discretionary and tech stocks tend to fare well during early

Forex Relative Strength Analysis Report For Week Starting 6/9/19

June 8, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in

My TIMM Trading Pit Commentary – Wk Of 6/3/19

June 8, 2019 Published by

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

The Russell futures remain weak and now price is sitting in a daily supply zone.

For the first time since the beginning of May, the British Pound showing some early signs of life on the daily chart.

More Downside Ahead For Fluor Corp.

June 8, 2019 Published by

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide.

Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. In a nutshell, Fluor is seeing a continuation of the execution problems that beset the company in 2018. By management’s admission, the company was overly aggressive in bidding for certain projects in recent years, putting it in a position where it needed perfect execution in order to be profitable. Unfortunately, not all the projects went according to plan and the company has faced

Is The SPDR S&P Retail ETF, XRT About To Get “X” Out???

June 7, 2019 Published by

Consumers make up 66% of the US GDP, so I pay close attention to the Retail Sector. The SPDR® S&P® Retail ETF, XRT seeks to provide exposure the retail segment of the S&P TMI, which comprises the following sub-industries: Apparel Retail, Automotive Retail, Computer & Electronic Retail, Department Stores, Drug Retail, Food Retailers, General Merchandise Stores, Hypermarkets & Super Centers, Internet & Direct Marketing Retail, and Specialty Stores.

The XRT, which tracks the biggest names in retail, is coming off its worst month in more than a decade after falling roughly 13% in May.But the sector showed some signs of life on

Gasoline Analysis Report 4/13/19 – Are We At The End Of The Bend In The Trend??? – Part 2

June 7, 2019 Published by

I talked about gasoline nearly two months ago, where price was near monthly and daily supply, the chart suggested price was going to reverse and layout the groundwork for the trade set-up.

If you missed the trade, here’s what I’m looking for next…if price is going to move lower, it must take out the demand circled in pink, then pull back, before heading lower.

Gasoline Analysis Report 4/13/19 – Are We At The End Of The Bend In The Trend???

Oil prices fell into bear market territory on Wednesday thanks to global tensions and fears about oversupply – but that could spell good

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