Same post = Triple Rewards
Not bad for just one post, isn’t it?
@toofasteddie
Over 30 advocacy groups have appeared as signatories on a request that Congress and regulators implement an official moratorium on Libra development, as per the letter published on July 2.
The letter was also addressed to Facebook, with Mark Zuckerberg himself cc’d, and asked that the social media giant wait until Congress and regulators have scrutinized a detailed presentation of the proposed stablecoin-esque virtual currency.
The letter includes a number of questions that the signatories say need answers before Libra can proceed, including the following:
“The plan for Libra makes explicit and implicit promises to consumers – such as the claim that value will remain stable – but what is to stop the Libra Association from changing policy in order to, for example, degrade the value of Libra or to impose a microtax on every Libra transaction?”
Ethereum’s leaders are pursuing a “moonshot” in the Middle East.
The Ethereum Foundation’s head of special projects, Virgil Griffith, told CoinDesk the nonprofit is partnering with finance experts in the Gulf Coast to show that the world’s second largest blockchain is compatible with Islamic law. Islamic finance customs adhere to certain beliefs, including the prohibition of earning interest on loaned funds.
The move is seen as a first step toward potentially securing investment from the region’s plutocrats.
“My job is to keep rolling dice,” Griffith told CoinDesk about work to certify ethereum’s Sharia compliance. “Probably nothing will happen. But there’s a hypothetical case where say, the Saudi sovereign wealth fund invests, like, a trillion dollars [in ethereum projects], which would be a real boon. That would be really great.”
The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.
BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.
Prior to joining the firm, Coley was the head of XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.
Changpeng Zhao, founder and CEO of Binance, said in the announcement:
“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”
The Winklevoss-owned cryptocurrency exchange Gemini will apply for a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), CoinDesk has learned.
This is the first step toward becoming an approved Alternative Trading System, where customers can lawfully swap digital securities.
Gemini previously partnered with the tokenized securities platform Harbor, which allows institutional investors to buy securities with Gemini’s GUSD stablecoin and to also receive dollar-denominated dividends via GUSD. It stands to reason that Gemini would also want to facilitate the trading of such securities on its own platform.
Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.
In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms.
Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid.
“We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are working on that together with academics,” Reuters quoted economy minister Alejandro Gil Fernandez as saying.
Browser / explorer Launch on 3rd of July.
PC wallet grand launch on 3rd of July.
“On July 3 at 10:00 am GMT+8, CEO and Co-Founder of #PundiX @zibin will host a video session to talk about the progress made in Q2…”
“We are changing the #Celer X @binance AMA schedule to July 3rd 2pm UTC to combine with our Mainnet Exclusive Preview Happy Hour!”
CEO Giacomo Tognoni, will give an overview of Bethereum and the unique solution it brings to both the gaming and the gambling industries.
Live Q&A with Thomas Marchi, Lead Developer of Sentivate. July 3rd at 22:00 GMT.
Here is the chart of yesterday :
Here is the current chart :
The BTC is doing a bounce from 10k but you know what? STEEM doesn’t want do the same and is dropping… So yeah, technically, the support line at 0.34$ is broken. However we are staying just next to it and so it could be simply a little trap or not a real break of that line. Let’s see if we will be able to be higher than this line in the coming hours.
Last Updates
as it was already recognized by @ellipowell on this amazing Steemit INC Financial Update , Steemit INC has been obliged to execute a monthly programmatic sell in order to cope with their costs while implementing powerful upgrades which are starting to bring high cuts on the expenses and good revenues coming from the ads.
She is talking about Monthly programmatic sells but in reality, they used to deposit hundreds of thousands of Steem in a weekly basis.
They still power down the same amount of steem, which is around 326000 steem a week but lately I have noticed that the amount withdrawn mainly to BINANCE and HUOBI exchanges is decreasing continuously as you can see in the picture below:
@gsr-io is one of the accounts used by @steemit in order to withdraw Steem to the exchanges.
I am curious to see @penguinpablo weekly post regarding the total amount of Liquid STeem stored at the exchanges… I think we should start to note an inflexion on the trend, hopefully starting to create some scarcity that would help the price of STEEM to get recovered earlier.
I would like to thank @elipowell and @steemit INC team for sharing the current situation of Steemit and I hope to read further updates on that regards more often since it can mitigate uncertainties and speculations.
I think steemit has started to work towards a more sustainable organisation, I really like the way the express the new vision and new objectives however I still haven’t read so many :-).
Steem on.
@toofasteddie
Binance, the world’s largest cryptocurrency exchange by trading volume, is soon to launch futures trading.
During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.
“Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks,” he said. Referring to the screenshot of the interface showed on the stage, Zhao added:
“This is an actual screenshot of the working system. So Binance futures is coming.”
View
Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday.
The daily chart indicators have turned bearish, while the 4-hour chart is reporting a bearish lower-highs, lower-lows pattern. As a result, the price could slip further toward the former resistance-turned-support of $9,097 (May 30 high) in the next couple of days.
A UTC close below $9,097 would invalidate the bullish setup on the daily chart.
A high-volume break above the falling trendline on the 4-hour chart, currently at $11,100, would shift risk in favor of retest of the recent high of $13,880.
The Takeaway
Masterchain, a blockchain project backed by Russia’s central bank, is falling behind on its goals two years after inception.
Sberbank, the leading bank in Russia, is unsatisfied with the system’s speed, security and overall efficiency after testing it.
The bank is looking to shift its work to other enterprise platforms, Sberbank’s blockchain lab head said.
United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2.
Argo, which previously said it had benefited from the upturn in bitcoin prices, said revenues would continue to improve over previous estimates.
“The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019,” the report confirmed.
“This is an increase of approximately 101% from the Company’s May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.”
Bitcoin traders in Zimbabwe and South Africa are seeing skyrocketing premiums on their bitcoin (BTC), according to a report from financial news outlet Fxstreet on July 2.
Amid new capital controls in South Africa and Zimbabwe’s recent ban on local trading in foreign fiat currencies, local traders have reportedly seen asking prices of as high as $50,000 per 1 BTC if they attempt to purchase the coin from abroad.
At press time, bitcoin is trading above $10,915 on South African crypto exchange Luno, according to CoinMarketCap data — 10.5% above its price point on Cointelegraph’s bitcoin price index.Meanwhile, other commentators on social media this week claimed that bitcoin is allegedly trading at as high as $76,000 in Zimbabwe — a premium of over 600%. As appears to be corroborated by screenshots from P2P site LocalBitcoins.com shared on Twitter, at least a scattering of traders have attempted to pocket colossal gains at an asking rate of $75-76,000:
V1.0 “Narwhal” release, which includes the MainNet and NKN ecosystem.
“@Harmonyprotocol mainnet launch in 25 days!”
“Launch of BeliΞVE Live-Version on the 1st of July 2019”
“Stratis will be releasing our Cirrus Sidechain Masternodes on 1st July”
NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.
Here is the chart of yesterday :
Here is the current chart :
it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.
Last Updates
Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28
Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%.
This growth is not nearly as sharp as that reported in previous years, considering that the first half of 2017 saw 28.2 million crypto apps downloads from 2016’s 15.3 million, a 45% increase.
There is never a dull moment in the world of blockchains and cryptocurrencies.
The two earth-shattering stories of the past two weeks – the launch of the Libra project and the wild swings in the bitcoin market – might seem like unrelated topics. And, for the most part, the causal impact of the former on the latter is probably not much greater than that of another oft-noted bitcoin price correlation: the avocado chart.
However, the coincidence of these two developments does speak to how globally impactful Satoshi Nakamoto’s invention has now become.
From that wider perspective, these two developments are not at all unrelated. Indeed, they both capture elements of a massive, worldwide financial transformation, all happening at a time of growing economic uncertainty.
Last weekend, two privacy coin conferences heralded the future of cryptocurrency governance: the hybrid startup model versus grassroots experimentation.
Over 200 people gathered in Croatia for Zcon1, organized by the nonprofit Zcash Foundation, while roughly 75 attendees gathered in Denver for the first Monero Konferenco. These two privacy coins are fundamentally different in a variety of ways on clear display at their respective events.
Zcon1 had a gala dinner with a seaside backdrop and programming that displayed close relations between companies like Facebook and the zcash-centric startup Electronic Coin Company (ECC), as evidenced by Libra being widely discussed with team members in attendance.
German Blockchain-as-a-Service (Baas) provider Advanced Blockchain AG has become the first blockchain development firm to be listed on Germany’s Xetra digital stock exchange, operated by Deutsche Börse. The news was reported by financial news site DGap on July 1.
The Xetra all-electronic trading system was founded in 1997 for use on the Frankfurt Stock Exchange, but has since expanded to over 200 trading participants from across16 European countries, as well as Hong Kong and the United Arab Emirates.
According to recent data, Xetra accounted for €131.4 billion ($149 billion) of Deutsche Börse’s total cash markets €146.0 billion ($165 billion) turnover in May 2019, with an average daily Xetra trading volume of €6 billion ($6.79 billion).
Gemini is hoping to achieve what rival Coinbase couldn’t: successfully building out a presence in Chicago aimed at luring high-speed traders to the incipient cryptocurrency market.
The New York-based firm, led by twin brothers Tyler and Cameron Winklevoss, announced Thursday the new outpost for Gemini, which will scale its existing colocation data centers. In an interesting twist of fate, the firm says it has brought on a number of engineers who previously worked for Coinbase’s Chicago office, which was shuttered in April.
Gemini shooting its shot
A person familiar with the situation told The Block Gemini attempted to recruit several employees who previously worked for Coinbase. They have brought on five, according to reporting by CoinDesk.
We reached 13.19 mn visits in May 2019!
In the Top 5, the strongest traffic increase came from Venezuela with +9.75% visits!
V1.0 “Narwhal” release, which includes the MainNet and NKN ecosystem.
“@Harmonyprotocol mainnet launch in 25 days!”
“Launch of BeliΞVE Live-Version on the 1st of July 2019”
“Stratis will be releasing our Cirrus Sidechain Masternodes on 1st July”
NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.
Here is the chart of yesterday :
Here is the current chart :
it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.
Last Updates
At the time of writing, you can get 2.604 STEEM per every SBD you have at the wallet… that is using the internal market but if you are using bittrex you have this:
1 STEEM = 0.3679086 USD
1 SBD = 0.98164784 USD
So, if you use BITTREX as exchange for SBD / STEEM trading you can get 2.668 STEEM per 1 SBD
Maybe not so much difference taking into account the extra costs that exchanges charges for trading or withdrawing…
So, I am going to use the internal market instead, let’s trade internally!!!
I am going to use one of my Steem accounts on which I used to deviate some SBD for savings:
Hey!! 57.564 STEEM per 21.814 SBD , so a rate of 2,6388 STEEM per SBD not a bad deal at all!!!
Now, just we need to wait till having a good moment to have better price for getting more SBD that would be when STEEM will be back again to 0.43 USD (remember that we have a STRONG HISTORICAL RESISTANCE at 0.43 USD)
This is one of the advantages of STEEM blockchain in comparison to the Exchanges. Many whales have been taking profits and increasing their earnings just by doing this simple trading operation INTERNALLY.
Remember, rinse and repeat!!!
@toofasteddie
We reached 13.19 mn visits in May 2019!
In the Top 5, the strongest traffic increase came from Venezuela with +9.75% visits!
Public blockchain tokens will soon be trading on a major securities exchange.
Revealed exclusively to CoinDesk, Swiss security token firm BlockState plans to “passport” half a dozen ERC-20 tokens from ethereum, the second-largest public blockchain, to Corda, the private distributed ledger technology (DLT) platform developed by R3.
Before the end of the year, the tokens will be locked up in a smart contract on ethereum and “mirrored” versions of them will run on Corda. This is akin to global depository receipts, where shares of a company are held in custody in one country and a certificate representing ownership of them is traded in another.
Bitcoin mining has become competitive than ever.
Bitcoin mining difficulty – the measure of how hard it is to earn mining rewards in the world’s largest cryptocurrency by market cap – has reached a new record high above 7.93 trillion. That’s a seven percent jump from the 7.45 trillion record set during the recent two-week adjustment cycle, which was the highest since October 2018.
Bitcoin is designed to adjust its mining difficulty every 2,016 blocks (approximately 14 days), based on the amount of computing power deployed to the network. This is done to ensure the block production interval at the next period will remain constant at around every 10 minutes. When there are fewer machines racing to solve math problems to earn the next payout of newly created bitcoin, difficulty falls; when there are more computers in the game, it rises.
The Takeaway
Facebook’s Libra white paper includes a brief but potentially seismic nod to digital identity standards.
With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID.
Some identity experts say this is even more important than the cryptocurrency, but others question how much control Libra would give users and find its approach overbearing.
Bitcoin’s (BTC) price fell by $1,400 within minutes after a crash of United States-based cryptocurrency trading platform Coinbase.
Coinbase first reported that it was investigating an issue in which its API and website were not functioning properly at 1:47 p.m. PDT on its status website.
Singapore-based crypto exchange Bitrue has suffered a major hack, losing 9.3 million XRP and 2.5 million cardano (ADA) from its hot wallet. The news was revealed in an official statement from the exchange published as a twitter thread on June 26.
At the time of the breach — 1 a.m. GMT+8 June 27 — the stolen funds would have been worth over $4.5 million in XRP (valued at $0.488) and $237,500 in ADA (valued at $0.095), according to CoinMarketCap data.
The exchange states that a purportedly single hacker first “exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users,” subsequently using this first experience to access the exchange’s hot wallet and steal the cryptocurrency.
LTO Network presents business track at Containers Today.
RISE Rewards reduction from 12 to 9 per block at block #2,108,160 (approximately June 27).
CEO Claude Eguienta hosts June “Office Hours AMA” in TEL’s official Telegram from 5-6 PM.
“Our founder and CEO, @yanbonknorg1 , is going to visit Seoul on June’27 and introduce @NKN_ORG to the Korean market.”
We would like to share with you the latest development and future plans of Bibox and hear from you your feedback and suggestions.
Here is the chart of yesterday :
Here is the current chart :
This resistance line at 0.43$ is still there… unbreakable… we are testing it and testing it but we don’t have the volume to break it more than some minutes. What else to say… imagine now that the BTC will correct, I’m quiet sure that we will break very easly all our support line. So yeah let’s wait and see what the steem want for us but again we are not on a ideal pattern.
Last Updates
Hey guys!
This time Steemit INC has given us a tesnet to try the new proposals!
https://steemit.com/steemit/@steemitblog/steemit-update-hf21-testnet-sps-eip-rewards-api-smts
How is going?
Did you have time to test the new Hardfork at the TESNET?
Below the list of my favourite witnesses, the question is for you:
@abit
@actifit
@aggroed
@arcange
@blockbrothers
@cervantes
@coingecko
@cryptopassion
@curie
@dragosroua
@drakos
@emrebeyler
@fyrst-witness
@good-karma
@gtg
@holger80
@klye
@lukestokes.mhth
@mahdiyari
@partiko
@pharesim
@quochuy
@roelandp
@steemitboard
@steempeak
@steempress
@swisswitness
@themarkymark
@therealwolf
@yabapmatt
Are we going to have a “dejavu” of the Hf20 here?
No, seriously, I think it would not be bad at all to have some feedback from you…
Steem on!
@toofasteddie
An Ascending Triangle, on which there is a Flat Resistance and at least two reaction lows forming the lower ascending trend line is in general terms a BULLISH PATERN.
STEEM has formed a solid ascending support, touched 3 times already and possibly indicating an Exhaustion of the Sellers.
This pattern is usally accompanied by a contraction of the Volume as we have on STEEM lately and it is shown below.
When the upside breakout occurs, there should be an expansion of volume to confirm the breakout.
I think we are going to see a breakout of this eternal resistance at 0.432 USD soon which will bring the price close to 0.6 USD as a start of the UPTREND CONFIRMATION…
Of course, always if the “Big ACTORS” as @steemit , @gsr-io or, why not, @dan himself allow steem to grow according to the usual Market laws and not as it has performed lately…
…or, is STEEM going to become an stable crypto locked artificially at the 0.43 USD?
Steem on!
@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.
We reached 13.19 mn visits in May 2019!
In the Top 5, the strongest traffic increase came from Venezuela with +9.75% visits!
Views:
Bitcoin (BTC) rose above $12,900 for the first time in over 17 months backed by consistent levels of volume.
Recent price action could set scope for $13,700 in the coming day on the back of strong bullish momentum.
The hourly chart reveals extreme levels of volatility presenting harsh trading conditions for the average trader.
The Commodity Futures Trading Commission (CFTC) has cleared bitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts.
The CFTC said Tuesday it had approved LedgerX’s application for a designated contract market (DCM) license, meaning the company can now offer the new futures contracts. LedgerX is the second company to receive approval to offer physically settled bitcoin futures; other firms, such as Intercontinental Exchange’s Bakkt, Seed CX and ErisX plan to enter this market. (While Bakkt’s own futures contracts have been self-certified, the firm is waiting for the New York Department of Financial Services to license its warehouse).
Unlike the cash-settled bitcoin futures listed by the Chicago exchanges Cboe and CME, in physically settled futures the buyer receives the underlying commodity when a contract expires, rather than the fiat equivalent.
Bitcoin’s (BTC) parabolic advance over $12,000 has taken its market dominance above 60% for the first time since April 2017, data from CoinMarketCap confirmed on June 26.
Following its rapid appreciation in recent days, the bitcoin price reached levels not seen since immediately after the end of its 2017 bull run.
The successes have come at the expense of altcoins, which have so far failed to produce similar performance. As a result, BTC dominance of the overall cryptocurrency market cap is now 62% – more than at any time in the past two years.
Facebook published plans for the Libra cryptocurrency in seven languages, including Indonesia’s Bahasa – a move that offers perhaps the clearest glimpse of what Facebook’s fintech ascent might look like.
“Indonesia has the fourth-highest number of Facebook users in the world,” Pang Xue Kai, co-founder of the Indonesian crypto exchange Tokocrypto, told CoinDesk. “If Facebook’s Libra can address the [local] issues, it has the potential to succeed.”
According to the annual media report released by We Are Social and Hootsuite, Indonesia has the world’s highest rate of Facebook post engagement among internet users, over 4 percent, and the highest frequency of online shopping, with 86 percent of Indonesian survey respondents saying they bought something online in the past month.
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.
Tritium Wallet will be available to download on Wednesday, June 26th.
Bitforex Listing
Hubi will open DGB/USDT trading pair at 2:00pm on June 26.
Hot Pot Challenge on Binance DEX 2019/06/21 -2019/06/26 “A Trading Competition with 25,000,000 RAVEN to be airdropped”
“AMA with @stratisplatform CEO, Chris Trew in the #Binance English Telegram group.”
Here is the chart of yesterday :
Here is the current chart :
This resistance line at 0.43$ is really blocking us since weeks now. We have to wait and see when the market will have the power to break it or if we will see an important correction taking place from it. The Steem is really controlled in this range since weeks by a whale I supposed and without a break out, I don’t expect any big move.
Last Updates
