It is normal that with the current prices of Steem motivation and positiveness decays further than usual. These days I have to remind myself that this is a Long term game on which persistence and resistance are really the key words.
But from time to time, there is always someone with clear ideas and full inspiration to write what you need to read, fortifying your ideas and vision.
It is the case of @aggroed post about Steem which thoughts I totally share. I would recommend to all of you to read it because it will give some light to your doubts.
Please, read that post, and start long-term thinking avoiding pessimism, fear, uncertainty and doubt about Steem and get focus on this chart:
There is no doubting that people have become quite tribal and patriotic to their selected cryptocurrencies. The original ‘civil war’ between Bitcoin and its fork Bitcoin Cash proved this. Many believed that BTC was no longer the real thing and jumped to a blockchain with bigger blocks, defendeding it vehemently.
This tribalism stems from what cryptocurrency can offer. It is a tool that has the potential to allow people to ‘move off the grid’ and become sustainable in an all together new economy that does not rely on banks, regulators, governments or other legacy institutions.
This utopic – or dystopic? – future seems a little out of the realms of possibility as it currently stands. Bitcoin and related cryptocurrencies have, for the most part, realised that for adoption they need to be in line with regulators; but, there are areas, valleys, towns, and even cities looking to go full crypto on their own.
When I visited some early bitcoin startups in Hong Kong five years ago, they were unanimous about their biggest challenge: finding a bank that would let them open an account.
It wasn’t that local banks were especially worried about this little-understood new industry. The issue was that compliance-obsessed correspondence banks in the U.S. were demanding that their counterparts in the territory apply an especially high “know-your-customer” standard for bitcoin businesses. Since Hong Kong banks couldn’t live without a dollar lifeline from New York, the path of least resistance was to say no.
That situation was a lesson about how the dollar’s reserve status leaves U.S. financial institutions, and the Washington regulators whose guidance they heed, exerting profound worldwide influence – in this case, constraining innovation, wherever it was happening.
The United States District Court of the Southern District of Florida issued an order on May 3 requiring self-proclaimed Satoshi NakamotoCraig Wright to produce a list of his public bitcoin (BTC) addresses.
The order is part of an ongoing case against Wright filed by the estate of computer scientist David Kleiman, which claims that Wright stole hundreds of thousands of BTC. The coins were worth over $5 billion dollars in February last year, when Kleiman’s estate first sued Wright.
The order illustrates a number of the plaintiffs’ requests. They ask the court to order Wright to produce a list of the public addresses of bitcoin he owned as of Dec. 31, 2013, make him identify all bitcoin allegedly transferred to a blind trust in 2011 and produce documents related to said trust.
While markets have looked bullish this week following a sharp surge May 3, traders need to watch out for a correction in the next few days. This pullback will shake out the weak hands and will differentiate between different digital currencies. While some will lose only a part of their recent gains, others will plunge towards their lows again.
The stronger ones are likely to lead the next bull market in cryptocurrencies. Therefore, traders should buy strength after the pullback ends. If our assumption is correct, the current fall should offer a great opportunity to buy for the long-term. Our view will be invalidated if cryptocurrencies give up all the gains made over the past few weeks.
A survey by financial consultancy firm DeVere Group shows that 68% of high-net-worth individuals across the globe will have invested in cryptocurrencies by the end of 2022. One of the major reasons for investing in cryptocurrency is their borderless nature, which makes the assets available across the globe.
New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds.
Released today on Twitter by known company shareholder and over-the-counter trader Zhao Dong, a 3-page “marketing document” details the specifics of how the sale might ultimately take place, while noting throughout that it is not intended to be legally binding.
For example, the document makes explicit that it is “not a white paper,” meaning it does not provide technical specifics including which blockchain or blockchains the new cryptocurrency for sale will trade on, or the cryptographic specifics of how its code will enable peers to move and transfer funds.
“After months of hard work we are finally ready to launch the official BEAT App!”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
All is in the title, BTC is current testing his short term highs and we should have soon a Break Out but on the STEEM level, it is the opposite. You can see clearly on the chart that we are testing the lows and that if we break these lows, we will go directly to 0.31$. Cmon STEEM, react !
The past two months have been pretty ugly for the price of steem against bitcoin, yikes!
Back at the low, now what?
The chart within this post is that of a weekly timeframe being we had to go back sometime to find this price level. The all time low set back in in early March of 2017 is being revisited. That low price bottomed out at .00005750 satoshis against bitcoin.
Price is currently sitting at .00005871 after another down move today. At this point it is inevitable that we touch that 5750 low, what happens from there is anyone’s guess.
Steem has been in
So yeah. Theres that…. Now you know, might as well end this post right now.
Nah.. Thatd be cheap.
I think i did the 5000 Whalestake post less then 2 months ago. Didnt really take that much to double my stake. I think i was pretty consistent getting 1300 Stake every 2 weeks. Lately i started posting quite a bit less due to time constraints and im sad to say that as summer keeps closing in ill be posting less and less. Summer is B to the W for me so im not sure how motivated i will be to post as often.
What i think i will do is maybe start making videos. Have some fun with it. Record myself on the open sea catching fish with dynamite, grab a pint and talk about some crap. Not the targeted STEEM based crypto nonsense… Just random crap. How Ronaldo gets pedicures and G.R.R Martin is a secret pothead.
Ugh. I wish i was remotely funny irl as i can be in text. Doesnt translate. <cry emoji>
So yeah, again….
Im above 10k on Whaleshares. Whaleshares is great. There are some great folks there. I try and spread 100% votes to my whole feed as often as i can. The devs there/here (where ever you read this post) seem great and hard working. Im glad they are embracing other chains as well and im hopeful for the future.
The price right now isnt great but that is to be expected with such a small market meaning that anyone can basically manipulate the price which is the reason why the price is so low. But it can also work the other way. Someone with only a couple thousand USD could change it all up. Hoping to see the big Whaleshares change soon and a listing on a few exchanges. 🙂
And there you have it folks.
The arbitrary milestone announcement. The arbitrary joke. The arbitrary platform praise. The arbitrary thoughts.
Yes, seems that finally the people from Steemit Inc. have decided to do something, somehow diffident for the moment but definitely dedicated to promote Steemit beyond the borders of Steemit itself…
They have created a new account called @steem.marketing from which they want to promote the Social Web Steemit at Twitter.
Many people are right know commenting in the announcing post, the majority of them are supporting the new initiative, some others ironically complaining about while also in favor, because, of course, no one can be against it…
To tell you the truth, I am expecting even more efforts on the Marketing side from Steemit. Promoting Steemit and more lately Steem as well have been done for many long term steemians till now while Steemit contributions has been almost zero at Twitter.
Steemians as @nathanmars , @stephenkendal , @theycallmedan they are really working hardly already at twitter , spreading the Goodness of the steem blockchain anytime and in every place.
Now, they want to start from the “basics”…that’s fine but, come on! WE HAVE TO REACH THE WORLD HERE!!!!
Could you tell us what will be the name of the Twitter account to follow in order Re-Tweet your Marketing Tweets?
I hope this is only the beginning of a major Marketing Plan so, please @steem.marketing team, do nice ads, share your twitter account, call the community for spreading your message and it could be a good start!
The United States Attorney for the District of Arizona (DA) is seeking to retain a defendant in custody in a case of alleged shadow banking for cryptocurrency companies. In a court filing released on May 1, the DA states that they are concerned the accused will flee.
The filing follows the official announcement published by the Southern District of New York Attorney in April, ordering to charge an Arizona citizen Reginald Fowler and Israeli woman Ravid Yosef for allegedly operating an unlicensed money transferring business and bank fraud.
The recent filing asks the court to detain the defendant pending trial as he purportedly presents a risk of continued economic danger. Since the defendant purportedly has access to millions of dollars in bank accounts around the world and overseas ties that would facilitate the flight — among other factors — the Attorney office declares that the defendant poses a flight risk. The document specifically states:
“A consideration of the facts show that Defendant is a significant flight risk given his connections overseas, his financial means to support himself outside the United States, his disregard for this criminal investigation, and his potential involvement in other criminal activity.”
Code for ethereum’s highly-anticipated proof-of-stake (PoS) blockchain is on course to be finalized as early as sometime next month.
In a bi-weekly call between ethereum developers, Ethereum Foundation researcher Justin Drake said that code specifications for the first phase of ethereum’s transition to a proof-of-stake network were “on track” to be finalized by June 30. Such specifications are effectively blueprints for developers looking to work on ethereum’s next-generation blockchain.
“I’ve been continuing to fine comb Phase Zero in preparation for the spec freeze which we’re targeting for the 30th of June,” Drake remarked on the call. “We’re still very much on track. Still, [code] simplifications are coming through which is great and the process of fine combing is also for finding final bugs.”
Microsoft will promote JPMorgan Chase’s Quorum blockchain to the global tech giant’s business customers, the companies announced Thursday.
The Redmond, Washington-based software firm will support Quorum, JPM’s private enterprise version of ethereum, through Microsoft’s Azure cloud platform, the firms said. They will look to support adoption of the network through their new partnership, after signing a memorandum of understanding.
As a result, Quorum “will become the first distributed ledger platform available through [the] Azure Blockchain Service, enabling J.P. Morgan and Microsoft customers to build and scale blockchain networks in the cloud,” the companies said in a press release.
Indian technology company Tech Mahindra will be implementing an anti-spam call solution powered by blockchain, Indian business daily Business Today reports on May 2.
This solution will allow phone companies to comply with the Telecom Regulatory Authority of India (TRAI)’s regulations to protect mobile phone subscribers from unsolicited Commercial Communication (UCC), which will come into effect in the last week of May.
Rajesh Dhuddu, Global Practice Leader of Blockchain at Tech Mahindra said that the TRAI regulations will affect 800 million subscribers.
Crypto Capital is slowly emerging as the central bank of the crypto industry. It facilitated banking services from one end of the industry—major crypto businesses and exchanges including Binance, Kraken and BitMEX—to the other, including the now-defunct QuadrigaCX and a number of smaller companies implicated in money-laundering schemes and fraud. And according to the the New York Attorney General, it still serves crypto exchange Bitfinex, where by the end of 2018, it was managing more than $1 billion of the exchange’s client and customers funds.
Two people, allegedly related to Crypto Capital, were charged with money laundering on Tuesday. The feds claim that the pair ran a banking scheme for crypto companies, which involved Global Trading Solutions LLC—a company that has been identified as one of the shell companies owned by Crypto Capital, and used by Bitfinex. The scheme allegedly involved running a “shadow bank that processed hundreds of millions of dollars of unregulated transa
Vano Narimanidze, Horizen country lead of Georgia will be speaking at the International Festival of Cyber Security in Tbilisi, Georgia.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The BTC is helping us to go in the direction of our resistance line at 0.39$. Let’s hope we will be able to touch it soon and even break that line to allow STEEM to have back a correct value compared to other altcoins. We are not so far so everything is possible even the STEEM is used to make smaller UP than the BTC.So exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don’t do it, we are doing lower highs which mean that the DROP is not yet finished. Let’s see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.
Payments company Square reported its first-quarter earnings today, revealing strong growth in bitcoin sales through its Cash app.
Founded by Twitter co-founder Jack Dorsey, Square reported $65.5 million in bitcoin revenue for the first quarter of 2019. Bitcoin costs, however, are listed at $64.7 million in the unaudited quarterly report, for a bitcoin profit of roughly $832,000.
Those figures top previous all-time highs for Square: The fourth quarter of 2018 saw $52.4 million in bitcoin revenue and $490,000 in profit.
Cryptomarket cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1.
CoinMarketCap, a major source of data about all traded digital currencies, has made a series of announcements to celebrate its sixth birthday today.
As such, CMC has announced a brand new alliance called the Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”
The central banks of Canada and Singapore have concluded a trial of cross-border payments using blockchain technology and central bank digital currencies.
The Bank of Canada (BoC) and the Monetary Authority of Singapore (MAS) jointly announced Thursday that the successful trial – the first of its kind between two central banks – showed “great potential to increase efficiencies and reduce risks for cross-border payments.”
The effort saw BoC and MAS linking up their respective blockchain projects, Jasper and Ubin, which are built on two different blockchain networks: R3’s Corda and JPMorgan’s Quorum, respectively. The two networks were connected using a technique called hashed time-locked contracts and allowed direct Payment versus Payment (PvP) settlement without the use of an intermediary.
The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26.
The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1 and will go into effect in late July.
The new law has a clause which prevents discriminating against electronic records which have in some way been part of a distributed ledger:
“An electronic record may not be denied legal effect, validity, or enforceability solely because it is generated, communicated, received, or stored using distributed ledger technology.”
The Shellbot cryptojackingmalware has gone through an update and come out with some new capabilities, technology news website TechCrunch reported on May 1.
Per the report, these findings come from Boston-basedcybersecurity firm Threat Stack. The company claims that Shellbot, which was first discovered in 2005, has received a major update.
The original Shellbot was capable of brute-forcing the credentials of SSH remote access services on Linux servers protected by weak passwords. The malware then minesprivacy-focused monero (XMR). Threat Stack claims that this new-and-improved version is capable of spreading through an infected network and shutting down other miners running on the same machines.
Vano Narimanidze, Horizen country lead of Georgia will be speaking at the International Festival of Cyber Security in Tbilisi, Georgia.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don’t do it, we are doing lower highs which mean that the DROP is not yet finished. Let’s see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.
Ahhhhhh!!! I did not reach Dolphinhood for just a very little difference in comparison with my predictions this past April.
However my Curation Rewards reached another All Time High again!!!
According to Accusta from @semasping I get 28.37 SP in Curation. According to Steemworld from @steemchiller 28.29 SP. Pretty similar data.
In terms of pure SP Rewards not bad at all also, 196 SP for accusta and 188 for Steemworld (why such a difference?)
I’m just very near to break my target of 5000 SP and becoming a Dolphin which for me was the main goal since I started almost 2 years ago… I have invested on STEEM but, of course not at the current prices which is a pity… actually the cheapest time I bought was on August last year and it was something like 500 Steem which I powered up completely but before I bought in different points at 1 USD, 1.2 USD and 2.5 USD if I remember well, something like 1850 STEEM bought in total and completely powered up…and, of course, never powered down.
So, I am pretty proud that the majority of my staked STEEM has come from posting, engaging, commenting and upvoting mostly during these last “Bad” months.
Building engagement has been the key in all this process for sure and that should be the main for anyone willing to success at the Steem Blockchain.
Better times are ahead of us in economic terms so don’t lose the train to build your Steem Power now or you will regret later on.
“History doesn’t repeat itself, but it often rhymes”
This quote is often attributed to Mark Twain. And while Bitfinex doesn’t exactly rhyme with Mt. Gox, there are several parallels in the stories of these two exchanges. People interested in understanding Bitfinex are well-served to understand what happened with Mt. Gox.
Bitfinex and Tether were investigated by the New York York Attorney General (NYAG). Here’s a synopsis for those unfamiliar with the story. Bitfinex is a cryptocurrency exchange, the owners of which also control Tether, issuer of the most popular stablecoin, known as tether or USDT. The NYAG accuses Bitfinex of losing over $800 million. It alleges the exchange tried to recoup those losses by dipping into the cash reserves of tether, the stablecoin its principals also control.
Indeed, those feelings would be quite valid. In the early days of crypto, one of the largest bitcoin exchanges, known as Mt. Gox, also got into significant trouble due primarily to its banking relationships. It got so bad that in February of 2014, Mt. Gox stopped all trading and filed for bankruptcy protection. At the time, it claimed to have lost 624,408 BTC.
Galaxy Digital Holdings, the crypto merchant bank founded by former hedge fund manager Michael Novogratz, lost $97 million in the fourth quarter, according to financials disclosed Monday.
The net loss widened from $76.7 million in the third quarter and from about $100,000 a year earlier, according to the filing with Canadian securities regulators. (Last February, New York-based Galaxy bought a Canadian publicly traded company in a reverse takeover.)
For all of 2018, its first full year of operation, the company lost $272.7 million.
A new proposal by Vitalik Buterin, the creator of ethereum, suggests he is considering increasing rewards for validators who would secure the operation of the next version of the world’s second-largest blockchain.
Ethereum 2.0 is by far the biggest upgrade on the horizon for the ethereum blockchain, today valued at $17.5 billion. Its broader goal is to erase ongoing bottlenecks to transaction throughput and significantly decrease costs on the network.
Rather than relying on a proof-of-work consensus protocol whereby miners compete to bundle together blocks of transactions and add them to the ever-growing chain, ethereum 2.0 will rely on a proof-of-stake consensus protocol whereby validators stake their own funds and attest to blocks and transactions being created on the network.
Fundstrat Global Advisors founder Tom Lee has predicted that cryptocurrency prices will hit new historic highs by 2020. Lee delivered his comments during an interview with CNBC on April 28.
In the interview, Lee forecasted that bitcoin (BTC) has not completed its upward movement and will likely reach new all-time highs around 2020 based on “11 signs that historically only take place in a bull market.” Lee thusly reiterated his previous prognosis made earlier this month, when he said that “a bull market is likely starting.”
Lee explained that three out of those 11 signs — blockchain, technical indicators and trading volumes — indicate that the crypto winter has seen its end. In January, Lee’s team observed that trading volumes on the blockchain turned positive at an annual rate, while the second sign popped up in April, when BTC closed above its 200-day moving average.
Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt has аcquired a crypto custodian service, the firm announced on April 29.
In a blog post, Bakkt announced a number of new measures in its apparent effort to stimulate regulatory feedback, including the acquisition of Digital Asset Custody Company (DACC).
While DACC’s native support of 13 blockchains and 100+ assets is designed to “serve as an important accelerator,” the entire DACC team will also be joining Bakkt, as former Coinbase exec and new Bakkt COO Adam White wrote in the blog post on Monday.
The public testnet introduces a broader access test-network complete with improved Open Economic Framework.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
As suggested in my previous publication, my scenario was a test of the resistance line at 0.39$ and this has been done today but unfortunatly, we didn’t break that line and so we are dropping again. Howerver, the drop till now is not so powerfull so it let us a luck to be able to try to break again the resistance line. Let’s see what will happen in the coming hours.
There is no doubting this anymore. Crypto investing and trading has reached a new level when we compare activities of the past few months to recent weeks.
What was expected after the recent FUD news involving the Bitfinex saga and its issuing of Tether was to see another big fall in price breaking the upper resistance line to new low resistance? But as we have it, the line is thicker than it looks and we haven’t found the real pressure to suppress and breakthrough it yet or better maybe it may never be touched again going into the future.
This show of resilience is a good pointer that indicates a near significant upturn of the market. B1 June announcement and the awaited Bakkt approval are two of the major events many are speculating should ignite the long-awaited bull market that seems to be taking forever.
Until that happens, the present market condition is a thing to be happy about.
Some discussions you may find interesting and be part of
Pixabay image
Reddit
I am seeing this more lately. It seems people are now more wary of how their crypto assets could be accessed in the event something bad happen to them. This discussion on Reddit has a good insight on many possibilities to go about this.
Are most workers not happy with their work after coming across cryptocurrency as this Man suggests?
Bitfinex integrates a solution that informs traders of on-chain, social and development data for better trading decisions and experience.
Reports and Updates in the news.
Pixabay Image
More use case for cryptocurrency and blockchain projects is the dream of every crypto enthusiasts.
Bit by bit the dream is getting realized on a rapid basis.
If you are conversant with price action, you should notice a good spike in the price of the IOTA coin.
No, the spike wasn’t a result of ordinary trading activities, it was as a result of a recent bullish news about the partnership of IOTA with Jaguar Land Rovers.
The motor maker announced the use of verifiable Internet of things data (IOT) in cars to inform present road conditions and weather state from cars using the IOTA crypto coin to reward car owners.
More flexible approach to crypto is emerging in popular countries
Many countries deem crypto handling and investing a very risky move, and yes to some degree they are right. But the brutal strict regulation placed by some of these countries far outweighs the risk they pose.
Recently, it was reported that Russia is planning to test crypto in four of its region – an experiment to have a better overview of crypto investing and trading and its results.
If a popular story could be preached about NEO, then it is how its made many millionaires when the brand name NEO was adopted over the former “antshare” brand name.
The viral growth of NEO took a solid base through the introduction of an incentive mechanism to holders by introducing a supplementary token popularly known as ‘GAS’ which is monthly generated.
Despite this innovative stability mechanism, NEO suffers a big deal when the news broke of how very centralized the system is.
Now, NEO is turning a new leaf by launching an entirely new blockchain in the much awaited upcoming NEO 3.0.
Existing coins would be swapped with the newly created coins when the system goes live.
Remember to visit my blog often for more interesting digest.
Cheers 🙂
Disclaimer
The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
