- Bitcoin Hits New 2019 High Above $8,900 ;
- BCH May Have Sustained $1.3 Million+ Double Spend: BitMex Research ;
- Beacon Chain Contracts: A New Way to Deploy Dapps on Ethereum 2.0 ;
- What Will It Take to Regulate Crypto Exchanges? ;
- Trading App Robinhood Set to Raise at Least $200 Million: Report ;
- ? Daily Crypto Calendar, May, 27th?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? Bitcoin Hits New 2019 High Above $8,900
Bitcoin’s price has set a new record for 2019, reaching as high as $8,905 before retracing slightly.
At 19:00 UTC on May 26, the world’s largest cryptocurrency by market capitalization broke from an ascending triangle pattern on the daily chart, after being held beneath $8,250 for an extended period of time.
The move to fresh 2019 highs comes after the bitcoin price dropped to as low as $6,600 on May 17 before a large amount of buying pressure pushed prices back above $7,300 within the same day.
Since then the bitcoin price has again jumped by 22 percent, rising above $8,500 around 19:45 UTC on Sunday night and then reaching over $8,700 within half an hour. It’s currently changing hands at $8,890 per CoinDesk’s price data.
? BCH May Have Sustained $1.3 Million+ Double Spend: BitMex Research
Following its hard fork on May 15, bitcoin cash (BCH) appears to have experienced a two-block chain reorganization resulting in a 3,392 BCH (about $1.35 million at press time) double spend. The claim was made in a report released by the research arm of cryptocurrency derivatives exchange BitMex on May 24.
Per the report, the recent BCH hard fork experienced three interrelated issues. Firstly, an apparent bug evidently exploited by an attacker right after the hard fork. The attacker was able to “broadcast transactions which met the mempool validity conditions but failed the consensus checks.” Miners attempting to produce blocks with said transactions were not able to, instead producing empty blocks.
? Beacon Chain Contracts: A New Way to Deploy Dapps on Ethereum 2.0
The core infrastructure behind ethereum 2.0 might be in for a major redesign.
Dubbed the beacon chain, a new proposal by ethereum founder Vitalik Buterin suggests radically modifying the blockchain’s role in a new iteration of the ethereum network based on proof-of-stake consensus.
“The idea here is that basically on the beacon chain, you’re going to be able to deploy these little worlds that summarize how a blockchain works, how a state transition works, [and] how a smart contract works,” Raul Jordan, co-lead at non-profit Prysmatic Labs, told CoinDesk.
? What Will It Take to Regulate Crypto Exchanges?
Shortly after Bitcoin SV was delisted from Binance, CoinDesk advisor Michael Casey published an insightful op-ed discussing whether the delisting amounted to censorship (it doesn’t), whether exchanges should be held to high standards of neutrality (they should) and whether regulation is necessary to achieve this result (it is).
The idea is that because major exchanges play such a crucial role in the industry (Casey claims that “[t]hey are the cryptocurrency industry) they should not be allowed to arbitrarily discriminate between crypto assets — rather they should be regulated to operate as neutral platforms.
But ask any regulation expert and they will tell you that, absent Goldilocks conditions (hold that thought), neutrality is neither the natural state of markets, nor the natural instinct of regulators.
? Trading App Robinhood Set to Raise at Least $200 Million: Report
United States-based stock and crypto trading app Robinhood is set to raise at least $200 million in a new funding round, Bloomberg reported on May 24.
Per the report, an unspecified source familiar with the matter told the outlet about the company’s plans to raise further funding. Moreover, Bloomberg reports that the round would increase the firm’s value to between $7 billion and $8 billion, but that the details could change.
Other people familiar with the matter also told Bloomberg that the new funds come from existing investors, all of whom asked not to be identified and to keep the details private. While the funding talks are reportedly ongoing, a further funding round could increase the company’s worth to $10 billion, but the numbers are subject to change until the deal is closed.
? Daily Crypto Calendar, May, 27th?
“By May 27th SHMN will be forked as planned.”
“On this day, http://CryptoBet.com players begin earning $CBET rewards.”
“FlywithTEN competition date: 27 May 2019, 4 PM (GMT +8) — 27 June 2019, 8 PM (GMT +8)”
“Join us May, 27th at 10am PST/7pm CET”
“Lock the balance [up 30 000 vrs] for 30 days and get 3% of the locked amount of tokens.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The Break Out on the BTC didn’t help us to break the resistance line at 0.39$ till now. However, STEEM is not fully synchronized with the BTC and it could happen with a little delay. Let’s check the coming hours, if the BTC doesn’t correct too powerfully, I think we could break that resistance line on the STEEM also.
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