Still a light downtrend on the number of daily posts and active users at the STEEM blockchain. According to STEEMTOOL we ended the week with 5029 daily active steemians that posted around 7923 posts a day…
The situation is not dramatic at all but still worrying… However, I am fully confident that if the crypto market keeps growing, we will see a massive entry of newcomers and also people who has left trying to join again in the platform .
This week I have found @aleksandra.mart as a very good and motivated steemian to follow. She is a beautiful Russian Lady that has passed a week or so visiting Barcelona, my city, and she has published some good content about it.
I think she has a very interesting arts related blog so I think she has very good skills for becoming a great steemian.
Besides @aleksandra.mart, this week I am going to provide my @steembasicincome shares to@javirid and @himalayanwomb.
@javirid is an old fellow steemian who is now working on a new DApp developed on top of the STEEM blockchain. According to some comments I have read from him, his intention is to launch the DApp by the end of the month but, honestly, I am not sure which kind of DApp… Hope we can read more about in the coming days but as I know @javirid , I am sure it is going to be something good.
It is not the first time I shared some @SBI with @himalayanwomb but man, he really deserves it. He is not the typical runner who you can find in any city or town. He is a High-altitude Runner who used to train at the Himalaya!!
More details are now emerging regarding high-level executives for social media giant Facebook’scrypto project, according to a report by CNBC on June 6.
According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing.
The aim of Facebook’s new crypto project, according to advertising on its career descriptions, is to provide a public service centered on accessibility:
“Our ultimate goal is to help billions of people with access to things they don’t have now — that could be things like healthcare, equitable financial services, or new ways to save or share information.”
Hackers have reportedly compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was announced by GateHub in a preliminary statement on June 6.
In the statement, GateHub reveals that it was notified by some of its customers and community members that funds on their wallets had been stolen. The company estimates that hackers managed to compromise around 100 XRP Ledger wallets. Although the company did not initially identify any nefarious activities on its platform, it began an investigation on the matter, wherein it discovered increased application programming interface (API) calls coming from a small number of IP addresses. This could purportedly be the way the culprit got access to encrypted secret keys.
Community member Thomas Silkjær — one of those who warned GateHub about the breach — published a report on the hack, revealing that:
“On June 1 we were made aware of a theft of 201,000 XRP … and immediately started investigation. It turned out that the account robbed was managed through Gatehub.net, and that the offending account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k) had stolen substantial amounts from several other XRP accounts, likely to be or have been managed through Gatehub.net.”
Block.one, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk.
The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful to its business, the source explained.
The source declined to provide further details about who would be joining Block.one’s list of backers.
? NEO Releases Detailed Financials Ahead of Cryptocurrency Relaunch
The technology behind the cryptocurrency NEO, formerly known as Antshares, will be completely reconfigured by this time next year.
In April, NEO co-founder Erik Zhang announced that an optimized version of the blockchain network will relaunch as NEO 3.0 in 2020. The underlying infrastructure will be so different that token holders will need to turn in their assets for newly issued tokens.
Zhang told CoinDesk this process will not require know-your-customer (KYC) information, as the Singapore-based NEO Foundation will simply destroy the old assets and airdrop new tokens to designated wallets.
? Kodak Launches a Blockchain-Enabled Document Management System
Kodak’s pivot to blockchain is coming into focus as the legacy camera brand announced its new blockchain-based document management system at a two-day conference in Rochester, New York. Unlike previous Kodak-blockchain announcements, Kodak Document Management Platform is not under license to a third-party and is an actual Kodak product.
The platform, launched under the name Kodak Services for Business, is intended for businesses and governments to store and manage sensitive documents. Kodak Document Management Platform relies on blockchain to provide efficiency and security, according to the company.
The company also claims that the blockchain platform will lead to 20-40% cost savings through automated workflows and decreased human management of content, information, and documents.
AI for Virtual Assistants Workshop in Ho Chi Minh City on Friday, June 7th.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are continuing to test the support line around 0.34$. Till now this line is holding us but I would prefer that we take some distance from it because we could finish to break it and go directly to the next support line, the 0.31$ level. Let’s see, I don’t think we will be able to break it if the BTC doesn’t drop so again we will wait the master BTC to know the next for STEEM.
Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two,” with the goal to make stablecoins available for more of the world’s currencies.
The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.
Apart from Binance GBP, Binance is reportedly planning to introduce an array of other stablecoins backed by other currencies, with the exception of the U.S. dollar. Explaining the company’s decision, Zhou said that “from the users’ perspective, only certain portions of the world use the dollar. Other users use other currencies, and we feel it should be reflected in stablecoins as well.”
ocial media giant Facebook is said to reveal its own cryptocurrency later this month.
According to a report from The Information on Wednesday, Facebook is poised to unveil its cryptocurrency to the public later in June, which is aimed to allow users to process transactions via the social media channel, and will be offered to Facebook employees who want to be paid in the form of the cryptocurrency.
The report added Facebook is also planning to have physical portals for users to purchase the cryptocurrency, which, according to previous reports, is called GlobalCoin.
In addition, Facebook is reportedly inviting external parties to participate in the network that will empower the cryptocurrency to act as “nodes” for a fee that could be as much as $10 million each.
Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag.
Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens.
However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking. (The agreed-to prices may vary from investor to investor.)
While it’s unclear how many tokens the three Chinese funds bought, or how many investors besides them participated, one source said Polkadot has been able to sell only 70 percent of the intended 500,000 DOT.
An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect.
The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s 24-hour adjusted transaction volume (USD) by the number of its active addresses to identify how much each active address spends in transactions per day on average.
If TAAR is high, then it means each user (active address) is transacting in high notional values, in other words, the network “quantity” (how much is being spent i.e. transaction volume) is high per the “quality” (how many users are spending the funds i.e. active addresses).
The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4.
Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth 44.9 million Brazilian reals ($11.5 million) between the National Indian Foundation (FUNAI) and the Federal Fluminense University (UFF), which promoted the creation of a cryptocurrency for indigenous people to use. Bolsonaro delivered his comments during an interview with Ratinho’s SBT show on June 4.
After saying that the Minister acted properly in blocking the project that “wanted to teach the Indian to use bitcoin,” the president was asked by a show participant if he knew what bitcoin was. Bolsonaro replied:
WorkFork Online Hackathon begins at 19:00 (GMT+2).
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So after the powerfull drop that we experieneced yesterday, we touched and tested the support line at 0.34$ and till now this support is holding us. However, be very carefull, if the BTC is continuing to drop, this support line will be break for sure also on the STEEM. So as I suggested on the BTC, I would advice you to wait to see which will be the next direction because currently this is impossible to know it, just propabilities.
Busy day at the office today so I couldn’t dedicate what I used to on STEEM and other crypto matters… so I arrived home, I switched on the computer and I saw this at Steemworld:
Rapidly, I checked my FEED and I realized that nothing new was recorded since long…weird…
Then I went to Stateothedapps I filtered by STEEM Platform and I get this:
yes man, all the DApps based on STEEM are showing very low user activity today, a drastic drop I would say…
What’s going on here?
Did I miss anything important?
Is HF21 is on going?
Half of the Steem active population died?
is it because the market correction is affecting all of us?
Chinese-based blockchain platform Neo has implemented a new iteration of its consensus algorithm, the Byzantine Fault Tolerance mechanism (dBFT 2.0), on its mainnet, according to a press release on June 4.
The new algorithm purportedly provides immediate transaction finality. dBFT 2.0 includes a new procedure for reintegrating failed nodes back into the network, and also adds a “commit phase” of consensus, which alleviates forking issues by including a step that forces node assignment to new blocks.
The consensus mechanism dBFT reportedly differs from the ones for top cryptocurrency blockchains Bitcoin and Ethereum because of this commit phase. For Bitcoin, the consensus mechanism is a proof-of-work (PoW) protocol that allows BTC miners to compete on making the next block, which means that there are competing forks on the blockchain.
Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months.
This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day or two, as both the daily and weekly technical indicators are calling a deeper price pullback.
A UTC close below the 30-day MA would open the doors to $7,000.
If the ongoing recovery from the MA ends with a UTC close above $8,103 (today’s high), BTC may rise to $8,500 in the next couple of days.
The U.S. Securities and Exchange Commission has sued messenger app maker Kik for its $100 million ICO – which the agency contends was an unregistered securities sale – and the regulator appears to have built up a strong case in its initial court move.
In a complaint filed Tuesday, the SEC alleged that Kik violated federal securities law by not registering its kin token sale. In a response, Kik’s general counsel, Eileen Lyon, said that the SEC’s complaint makes a number of inaccurate assumptions which “stretch the Howey test well beyond its definition” and that the agency’s push will not withstand judicial scrutiny.
Nelson Rosario, a principal at Smolinksi Rosario Law, told CoinDesk that the SEC’s complaint against Kik was similar to others brought against other initial coin offerings, in particular with respect to the evidence that the regulator is putting forth.
Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds, local business news outlet money.pl reported on May 31.
Money.pl received an email from one of its readers, who stated that Coinroom — which was registered in 2016 — ceased operations overnight and disappeared with customers’ money in April. Some users say they had up to 60,000 zloty (around $15,790) in their accounts.
Before ceasing its operations, Coinroom reportedly sent emails to its customers, containing information about contract terminations. Coiroom customers had only one day to withdraw their money, which was in accordance with Coinroom regulations signed by users. However, customers reportedly claim that some of them got only part of the money, while most of them did not receive their funds back at all.
Binance, the world’s second largestcrypto exchange by adjusted volume, has released its official Trust Wallet on its decentralized trading platform Binance DEX. The news was revealed in a press release shared with Cointelegraph on June 4.
As previously reported, Binance acquired Trust Wallet — an open source, decentralized wallet that initially offered native support for ethereum (ETH) and ETH-based tokens — in summer 2018. At the time, Binance had revealed its plans to list the wallet as the default wallet on its forthcoming decentralized exchange (DEX) — then still under development.
Since then, the exchange has also rolled out support for multiple cryptocurrencies on Trust Wallet — with plans to support tokens based on protocols using proof-of-stake (PoS) consensus algorithms in future.
Scaling Ethereum workshop at University of Toronto.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, exactly like on the BTC chart, we were sitting on a major support line around 0.39$ and the break of it created a powerfull correction. In just some hours, we are about to test the 0.34$ support line which is a drop of more than 10%. Let’s see if that support will hold us or if the purge will continue. We are arriving on a little support on the BTC so we can expect a little stabilization… let’s hope 😉
Im a huge boxing fan. Been paying attention to the heavy division for as long as i can remember. Even during its low days. Above all boxers ive been a fan of Tyson Fury. Wilder is a big puncher, Joshua is a fine looking chap but in the end your boxing skill is what matters.
I used to be a basketball player and during that time i had a number of guys telling me i should try out boxing. Being 6ft5 i had a fairly long reach and i was fairly athletic at the time. At the time lol. At amateur levels height, reach and athleticism were huge advantages. But i never could stomach it. Even if i could avoid 99% of the punches, even if i could beat the crap out of the other guy i knew i could still get clipped and that never feels nice.
I considered it for a while, but getting into it until one faithful evening in Zagreb during my college days when some retard got kicked out of a club, climbed up on the fence and started flailing around, changed my mind. If i explained his reasoning (No explanation, he was a retard) its because im from Split and i lived in Zagreb (im actually born there) and the football clubs from each city hate each other. Its dumb but whatever. Anyways..
This guy gets pissed because he is kicked from the club during the “Split nights” in “Roko and Akademija” (club name) and starts flailing and clips me on the nose. Ive had a few to drink so i literally dont feel it. Well, i do kind of.
I feel my face getting warmer, being from a warmer climate, never before experiencing sub-zero temperatures, blood surging into my nose. I turn around and by friends are looking at me like what the hell is going on. Im completely clueless, blood pouring down my face.. It was december and i had this nice black Cashmere coat my father gave me and i see blood pouring over it.
Holly crap!
Once i realized what was happening my roommate has already jumped over the fence, he is fighting 3 of the guys there, the rest of us running out, the bouncers not letting us leave, hes throwing rocks, fighting …. and thats when i realize that boxing wasnt really for me. haha
I could toss all those little fuckers half across the parking lot, squish their little faces, but i just wasnt crazy enough to slap the bouncer and jump across the fence and pick a fight with 3 other guys that could have had guns, knives, etc. My roommate was that kind of guy. But then again my roommate was the kind of guy to drive a BMW backward 80 km/h, on the freeway drunk after his prom. Crazy fucking guy. lol.
But its those situations that make you realize what you want in life…
Funny story…
Afterwards we took the tram back to our apartment and we were sitting there, my roommate face completely bloody, he cut his hand during the fight and he smeared his face in blood as war paint (i shit you not). The blood dried off, and a cute girl was sitting in 3 am, looked at him, in a empty tram back to “Borongaj” (@runicar will know haha) and he did the Croatian equivalent of the Joey pick up line:
How you doin?
I laugh out loud at that image, whenever i think about it. haha
What was i on about????
Lol. Boxing. The upset that happened. YES!!!
Joshua looked like that guy that doesnt have that killer instinct. That doesnt have something to prove. My roommate was a flimsy guy, skinny, but he always had something to prove.
In my moment, i didnt have that drive so i knew fighting wasnt for me. But Ruiz like my roommate wanted to prove something. He wanted “it”, he would do anything to get it and he did. He won over the current most dominant champ with his flabby gut and short stature.
Just goes to show you that all you need is will…
And that is it. It seems NIKE was right. “Just do it!”. lol. Weird world we live in. But thats what makes it interesting.
Ofc, Joshua is going to KO him in the first round next time around, but thats not the point. lol
So… Voice launched and the dreaded MEOS turned into a fail… Theres a saying in Croatia:
Tresla se brda rodio se miš.
Thats how i feel here. From all this hype all we end up with is nothing at all. A ERC20 idea similar to MINDS that will amount to nothing. Everyone is targeting STEEM because STEEM is the only platform that has mainstream appeal. During the ATH STEEMIT was a top 800 website in the world. That is something no other blockchain has come close to achieving.
You can fool a stupid investor to drop a few hundred k on a hyped project but you cant force a large number of people to buy into an idea just because you spent money on it. The mainstream doesnt care about your RAM and cryptokitties.
Steem ofc has its problems, many of them, one of them abusive SP holders, the other vote buyers and sellers but the price of steem will always recover because among the abusers there will always be a few of those with a lot of SP that care about Steem succeeding.
For every Bernie, FTG, Haejin, Chbartist, Fyrst there is a Theycallmedan, Acidyo, Blocktrades, etc… The platform doesnt have to be perfection, it only ever has to have decent folks on it to counter the abusers, not in votes, but rather in example.
Maybe we all just have this idea in our head that STEEM either has to be perfect or it fails… I dont believe that… There will always be those that abuse the system because the system itself is not perfect and it cannot ever be perfect. Human nature is in the way.
How well our platform does is on all of us. It doesnt matter that you can make more from bots, it doesnt matter that you can make more from circle jerks, self voting..etc.. What matters is what kind of person you are.
An “abuser” will always find a justification for acting like a “abuser”. A decent person doesnt need a justification to be decent.
@themarkymark mentioned it in a post today that the dice scammers @magic-dice just bailed. Took the money and ran.
I could say it was expected, i could say i somehow anticipated it, but id be lying. Now looking in retrospect all i can say is for everyone to try and keep safe.. safer.
What ever people might think about it, im one of the proponents of KYC. I dont have anything to hide, im not afraid of the government “getting me”, i am vaccinated and i dont believe Trump is lizard people or that Obama was a radical muslim.
In a lot of minds Steem is still not seen as “money” so people make some very dubious choices. Even Marky, a guy that you would expect to know everything about this blockchain made the bad decision of pumping tens of thousands of Steem and SBD through Magic Dice.
There is only one conclusion you can draw from this. You cant trust anyone that you cant find from a simple google search.
I mean take Ned for example. He messed up a lot of things, but he cant “scam you” because you can find him however you want. Witnesses like Matt or Aggroed. Those are the folks you can “trust” because moving from USA to the jungles of the Amazon is a big downgrade. lol. It all boils down to this for me:
I can either see your face, have some kind of identification i can check or you cant have my money.
Keep safe guys… Theres always someone lurking to hurt you and take your hard earned $$$.
A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%.
cointelCalled Erlay, the proposed protocol alters the way transactions are relayed so that they use significantly less bandwidth, an important resource for the nodes that make up the network. The authors include The University of British Columbia researcher Gleb Naumenko as well as two bitcoin development heavy-weights: Greg Maxwell and Pieter Wuille.
The way bitcoin works is that nodes across the world tie together to form a network. Under the hood, once a transaction is broadcast, it ripples through this vast network of hardware.
EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority.
According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms.
The original purpose of accumulating funds on the aforementioned account was allegedly to have the community vote on how to spend it or even burn it. Still, the proposal claims:
“However, 8 months have past and there is still no defined use for this large quantity of EOS tokens that continues to flow into the eosio.saving account. This large quantity of accumulated tokens has now become excessive and if we continue to allow it to keep growing, it will eventually become an attack vector for the network.”
Let’s talk about bitcoin, toxicity and inclusiveness.
(Boy, my Twitter feed is going to have fun over the next few days.)
To start with, let me take a position: I stand with those people, especially women, who’ve lately been calling out maltreatment from members of the bitcoin community and citing rude and abusive behavior as proof of that community’s lack of inclusiveness. These are people who believe in cryptocurrency technology’s potential but feel discouraged to believe that they belong to the community’s dominant white-male subculture. If this technology is to fulfill its global potential, the community associated with it must confront this problem.
But the real point of this column is not to just defend these critics. It’s to debunk one of the more common positions adopted by those who take issue with their complaints, particularly on Twitter. In doing so, I hope to emphasize just how important the concepts of “community” and “culture” are to the healthy development of crypto technology and the ecosystem growing around it.
Global settlement firm OKLink, a sister company of major cryptocurrency exchangeOKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.
In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.
On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter. At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.
Global settlement firm OKLink, a sister company of major cryptocurrency exchangeOKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.
In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.
On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter. At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.
Mainnet upgrade to optimize DPoS consensus performance and improve node connection stability.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As usual the STEEM has some delay but is continuing to follow the BTC? So the resistance line at 0.39$ is now broken and we should go in direction of the resistance line around 0.43$. If the BTC is doing its pullback, we took some distance from our support line so we could do a similar pattern and make a pull back on the 0.39$. Let’s see, this scenario is not mandatory to test the 0.43$ level.
