? Daily Crypto News, May, 23rd?

  • The Consensus 2019 Videos Are Live;
  • Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court ;
  • South Korean Gov’t Announces Second Study Group for Blockchain Regulations ;
  • Binance CEO CZ Is Suing VC Giant Sequoia for Reputational Damages
  • Dash brings anti-51 percent attack software upgrade to mainnet ;
  • ? Daily Crypto Calendar, May, 23rd?
  • STEEM Trading Update

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

? The Consensus 2019 Videos Are Live

The official Consensus 2019 videos are now available for public viewing.

Our official Consensus 2019 video page is now live and features a slate of amazing talks from the Consensus main stage, our Business and Markets tracks, as well as our developer-focused Construct.


In these videos, you’ll hear from the likes of ConsenSys founder Joe Lubin, SEC commissioner Hester Peirce, 2020 presidential contender Andrew Yang, former U.S. Representative Ron Paul and Tron founder Justin Sun, among many more.


https://www.coindesk.com/the-consensus-2019-keynote-videos-are-now-live

? Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court

Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22.


Per the post, Justice Joel M. Cohen of the New York Supreme Court (NYSC) ruled to grant the companies their motion for an immediate stay of the document demands. The court thus only requires the parties to produce documents and information related to whether there is personal jurisdiction over the companies in New York, while staying the document order in all other regards.


In yesterday’s motion, law firms representing the two companies specifically argued that the New York Attorney General (NYAG) has neither personal nor subject matter jurisdiction and that the NYSC cannot be appealed to, because Bitfinex and Tether are neither operated out of New York nor harmed investors in that state.


? South Korean Gov’t Announces Second Study Group for Blockchain Regulations

The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21.


The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain tech could achieve widespread institutional adoption.


The Blockchain Regulation Improvement Study Group was launched in June of last year, and initially focused on improving legal regulations pertaining to blockchain tech such as personal privacy, smart contracts, electronic documents and digital signatures, and the application of distributed computing systems.

? Binance CEO CZ Is Suing VC Giant Sequoia for Reputational Damages

Binance founder and CEO Changpeng Zhao is taking a unit of Sequoia Capital back to court after the VC investor’s case against him was dismissed.


The crypto exchange mogul, nicknamed CZ, claims Sequoia Capital China hurt his reputation and prevented him from raising money at favorable valuations and wants the VC giant to compensate him.


According to a filing submitted on May 20 to the High Court in Hong Kong and obtained by CoinDesk, Zhao has sent an application via his attorneys for a hearing before the court chambers on an order for “immediate summary of assessment of damages.”

? Dash brings anti-51 percent attack software upgrade to mainnet

Dash’s highly-anticipated “anti-51 percent attack” network upgrade has finally been completed, marking “one of the most important updates” in the blockchain’s five-year history, according to an emailed statement from the Dash Core Group.


The company behind the Dash cryptocurrency announced today that the Dash Core v0.14.0 software upgrade has officially gone live on its mainnet. The upgrade aims to solve the nightmare of 51 percent attacks while also providing near-instant transaction times, as Dash Core Group COO Robert Wicko previously explained in an interview with Decrypt.


While it is incredibly rare, a 51 percent attack is a dangerous occurrence. Mostly, it happens when a single party obtains over half of the total mining power on a cryptocurrency network. Using the computing power under his control, the attacker can easily manipulate the ledger, and steal the tokens.

? Daily Crypto Calendar, May, 23rd?

“We would like to invite a few of you to partake in a closed beta test (starting May 23rd)…”

“Ask your questions for the team in this #Reddit thread. We will be live on @YoutTube, Thursday 5/23 @ 6PM UTC (2pm EST)”

Trade FUEL on Nauticus exchange to win a share of 5 million FUEL.

We will hold a roadshow called Block Talk that is organized by the Nodes community. May 23 2019, Jakarta, Location: Pique Nique.

“We will celebrate our 1st #anniversary on May 23 and we decided to organize a monthly 100 $CCX giveaway to 5 of our node owners….”

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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 expected yesterday, we did a new test of the resistance line at 0.39$ but we failed again to break it. It is always better to avoid a second fail on this kind of test but a third or even more tests could still be successfull so no drama till now. However, the more we fail to break that line, the more we have propabilities to see a correction taking place so as already explained yesterday, I really hope we will be able to break it asap.

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Last Updates

Join this new Free To Play on the STEEM Platform !

Unusual Options Activity In Urban Outfitters

Inc. operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28

and Anthropologie stores that provide women’s casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Urban Outfitters reported their first quarterly earnings and the sales and profit results beat Wall Street expectations.  However, their net income of $32.6 million for the quarter was down 21% from a year ago.  In addition, many analysts think Urban

O’Reilly Automotive Isn’t A Buy Yet

O’Reilly Automotive Inc opened their first store in 1957 in Missouri and today stands at over 4900 stores in 47 states.  Their distribution centers and hub stores has allowed them to maintain quick delivery times that their competitors can’t match.

O’Reilly Automotive Inc (NASDAQ:ORLY) is the biggest of the brick and mortar DIY automotive supply stores in the nation. So, it was a bit of shock in late April when it announced that Q1 was weaker than expected. Revenue and earnings were below expectations and even low for the company’s projections, which are usually conservative.

And ORLY stock had been

Currency Analysis Report 5-22-19…How Much More Downside Left On The Aussie Dollar???

The Reserve Bank of Australia appears poised to slice official interest rates, with governor Philip Lowe on Tuesday saying it would be on the bank’s agenda next month.In a speech to the Queensland branch of the Economic Society of Australia in Brisbane, Dr Lowe said without a cut in interest rates it was unlikely the bank’s forecasts for lower unemployment and a lift in inflation would be met.Reserve Bank governor Philip Lowe, in a speech in Brisbane, says the RBA will “consider the case for lower interest rates” when it meets in June.Declaring that Australia could “do better” than have

Unusual Options Activity In T-Mobile

Two months ago, the U.S. Justice Department told T-Mobile US Inc and Sprint Corp that it opposes their planned $26 billion merger in its current form. A biggest issue being that if approved it would reduce the number of national wireless carriers available to consumers from four to three. The thought is if there is less competition, consumers are susceptible to higher prices, in this case higher cell phone bills.

On Monday, it was announced the merger received support from the Federal Communications Commission in a significant step toward the deal’s approval.  FCC Chairman Ajit Pai, a Republican, came out in

The S&P 500 Level To Watch Is 2800

Morgan Stanley warned that a collapse in trade talks between the United States and China could tip the global economy toward recession. The caution comes a week after Bank of America warned that the ongoing trade war between the world’s two largest economies could “push the global economy into recession.”

“We are unconvinced that companies will generally be able to fully offset tariff costs through raising prices or through cost efficiencies elsewhere, meaning tariffs will press on margin,” Wilson said, according to CNBC.

He said that if Trump followed through on his threat to levy 25 percent tariffs on remaining Chinese imports,

Currency Analysis Report 5-21-19…US-China Trade War Affecting Indonesia Too

Indonesia’s central bank said on Thursday it will consider whether there’s room to ease monetary policy, the first indication it’s given this year of possible interest-rate cuts to unwind a series of hikes in 2018.Bank Indonesia left its benchmark interest rate unchanged at 6%, as expected, with Governor Perry Warjiyo telling reporters in Jakarta that the policy stance is “cautious neutral” and data dependent.After 175 basis points of hikes last year, policy makers in Southeast Asia’s biggest economy are reluctant to ease too quickly to avoid destabilizing the currency, which is already under renewed pressure from rising U.S-China trade tensions

US Interest Rates Analysis Report 5/20/19 – Are Rates Eventually Going Higher???

Every since the interest rate on the 10 year note peaked in 2018 at a little lover 3.2%, the yield has been on a steady decline falling over 100 basis point in the last eight months. That might not see like a lot, but that’s almost a 33% decline.

NOTE: One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument. The relationship between percentage changes and basis points can be summarized as follows: 1% change = 100 basis points, and 0.01% = 1 basis point.

Bond yields are poised to rebound as

Forex Price Action Baby, No Technicals or Fundamentals…Trade #15 – Sold AUD/USD (5/20/19)

10,000 Ft View – Daily Chart

Lets zoom for a closer look at the trade set-up on the 10 min chart. What I like about the set-up is price formed a level on level (supply zone on top of another supply zone) and what I’m looking for is some of the momentum to fade.

Here is a closer look at the zone.

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 5/20/19

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