Though it’s still a bit early, many coins look like they are bouncing off the support levels they pulled back to the past week.
Let’s take a quick look at a couple of them…
Litecoin Looking Orderly
Looking at the chart of litecoin in the daily timeframe you see it pulled back to the first level support target, which was the prior resistance.
This is a confirmation of the break and bodes well. However, I will feel alot better about it if price can push to the previous top at $100.
In the end – if it just consolidates sideways that would still be fine
You can read the basic setup there, but this is the important bit here:
Increased Contribution Bonuses (any fractional amounts will be rounded up): Addresses contributing 2,500 SEED or more will receive a bonus 10% additional SEED promo cards Addresses contributing 5,000 SEED or more will receive a bonus 25% additional SEED promo cards Addresses contributing 10,000 SEED or more will receive a bonus 50% additional SEED promo cards
Not to go into detail and complicate things further, the 10 000 SEED (Around 2000 STEEM) contribution is obviously the best choice which is why a few folks have been smart enough to make a POOL for everyone interested in contributing to the crowdfund. I put in 2500 SEED myself (around 550 STEEM).
Im going to leave the spreadsheet link here that explains what you need to do to join in. There is also the possibility of the pool being one of the bigger donors which could lead to getting a number of max cards.
Here we are testing support, just a week ago we were contemplating if steem could push through 60 cents. Oh what a week can bring.
Bouncing Back and Forth in a Range
Well, atleast that is what I hope the price is doing. After failing to breach 60 cents on two occasions since we leveled up out of that bottom range; steem finds itself back down to that old resistance point around 40 cents.
Luckily that now represents a support level and hopefully it will remain that way. Either way it is not fun to be testing support as only two things can
Taekion plans to work on other applications, too, that would help secure energy transactions to protect process data at power generation facilities, increase grid reliability and integrate a more decentralized energy infrastructure.
The project is part of the energy department’s Office of Fossil Energy Sensors and Controls program and is funded through the department’s Small Business Innovation Research program.
This is not the first time that the department has looked to explore blockchain for technological improvements. Last year, it partnered with BlockCypher to develop solutions allowing energy transactions to be settled across multiple blockchains.
The drop may now have thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year. Had bitcoin’s triangle breakout succeeded, a measured move to $5,800 may have been on the cards. However, bitcoin fell $300 short of that target as buyer volume fell short on the day.
San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9.
Thor — which was built on Neo (NEO) — has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of sales, as well as find a new place where it could benefit from more resources.
Muneeb Ali, co-founder and CEO of Blockstack, said in a statement: “We’ve been working with securities lawyers to create a legal framework that can enable blockchain protocols to comply with SEC regulations.”
He continued:
“This can potentially set a precedent for others in the industry, not just for public offerings, but also as a path to launch new public blockchains and establish a path to bootstrapping decentralized ecosystems.”
New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11.
Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge fund Pantera Capital, which recently revealed that it was close to completing funding for its third venture fund, already raising $160 million.
The company intends to create a payment network for retailers that would reduce costs, overhead, and fraudulence by means of blockchain-based settlements. Flexa is also planning to release a mobile application through which customers could conduct operations with cryptocurrencies they already own.
“After the Grand Announcement at the @money2020, we continue the roadshow for our #STO at London’s prominent @UKInvestorShow!”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, we were testing the support line around 0.49$ but today, due to the drop on the BTC, we broke that support line but also the next support line around 0.43$. We still have a possibility to come back upper that last support line and it will stay a very bad day today for the STEEM with a drop of 10%… What is disapointing with the STEEM is that we have difficulties to go UP during UP trend of the BTC and we are exagerating each DROP of that same BTC… Courage courage dear holders.
A draft proposal from China’s economic planning commission labels bitcoin mining as an industry that needs to be “eliminated.” But even if finalized in its current form, this would not automatically amount to an outright mining ban.
While local governments are supposed to follow the commission’s guidance, to take action against an industry they need a basis in the laws of the state, not industrial policy.
Further, there are past examples of “undesirable” industries that were eventually recategorized because phasing them out was found to conflict with local interests.
Seizing on this, miners are arguing that eliminating their industry would also conflict with local interests, in part because they soak up excess electricity that would otherwise go to waste.
International Monetary Fund (IMF) managing director Christine Lagarde has said that blockchain innovators are shaking the traditional financial world and having a clear impact on incumbent players.
Lagarde made her comments in an interview with CNBC on April 10, following a panel devoted to “Money and Payments in the Digital Age,” as part of the 2019 Spring Meetings of the World Bank Group and the IMF in Washington, D.C.
Contributors to the preceding panel, which Lagarde moderated, were co-founder and CEO of crypto finance firm Circle Jeremy Allaire, Sarah Youngwood — chief financial officer of Consumer & Community Banking at JPMorgan Chase — the European Central Bank’s (SCB) Benoît Cœuré, and governor of the Central Bank of Kenya (CBK) Patrick Njoroge.
Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10.
The Coinbase Card is a Visa debit card powered by customers’ Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide. Coinbase instantly converts customers’ cryptocurrency funds into fiat currency in order to complete the purchase.
Coinbase also released the Coinbase Card app for iOS and Android, which links customers’ Coinbase accounts with the app and allows them to choose a particular wallet to fund their Coinbase Card. The app additionally provides access to receipts, transaction summaries, spending categories, and other features. The card reportedly supports all digital assets available to purchase and sell on the Coinbase platform.
Facebook is harvesting our data. Cameras track our movements. In New York, landlords want to replace your keys with facial recognition technology. AI, deep fakes, phishing attacks—every day the world looks more like Black Mirror.
Enter the EFF. The Electronic Frontier Foundation, founded way back in 1990, is a non-profit watchdog for “defending civil liberties in the digital world.” They do a mix of advocacy, policy analysis, legal work, and reporting. Their site includes recent stories like “To Search Through Millions of License Plates, Police Should Get a Warrant,” and “Your Fourth Amendment Rights Should Not be Limited by Terms of Service.”
What are some privacy violations that most Americans aren’t thinking about? You don’t have to travel far from home to find egregious, systematic privacy violations. Right now there’s a bill in Oregon that’s a kind of pay-per-privacy thing that would incentivize you to sell your health data. It’s bad. And in the mainstream media, people are finally talking about how the first citizens in the United States who experience surveillance techniques tend to be low-income, marginalized communities.
The NEXT.exchange CEO and COO will be holding their first Reddit AMA.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Nothing really special on the STEEM, we are still consolidating around the support line at 0.49$, sometimes lower, sometimes higher. We need to wait a real break out to know the next direction that the STEEM will take. Let’s keep a eye on the BTC also because it looks like the STEEM is directly impacted for any little drop from the BTC, for the UP it is another story…
Some of you might have heard, some of you might hear now, that Steem Monsters announced yesterday that they will be doing another crowdfund tied into the eventual integration with the TRON blockchain and their rebranding of “Steem Monsters” into “Splinterlands.”
The crowdfund will occur on the 15th of April and it will be held on the TRON blockchain, specifically on the site SeedGerminator. All details on the tiers should be shown there in a few days. The native token is SEED but purchases with TRX will be possible. (Although apparently purchases with SEED will give bonus rewards) The reward tiers are yet to be established but according to the announcement we should know them at least 24 hours prior to the launch of the crowdfund.
Im not sure what your best bet for exchanging STEEM for TRX is (@blocktrades doesnt exchange Trx/ has Dogecoin though :D) but i would assume Binance.
FEW THINGS TO CONSIDER:
There are a few things to consider when deciding to participate in this. While i would generally consider Steem Monsters a safe investment, the fact that TRON is very new to plenty of folks, me included, anticipating the reaction of the TRON community to the project could be proven difficult. Will they dump all the cards, will the demand for cards increase. It is hard to tell sincethey might not be as personally invested into SM as much as STEEMIANS were during their first crowdfund.
Another thing to consider (if youre going into this with a speculator mindset) is the bull market that is apparently at hand. If STEEM price goes up drastically, you might find yourself losing some STEEM due to the wait period between the time you spend your STEEM and the time you get the cards. If STEEM goes up in price, the card prices will also go up to a point. The problem is that Steem Monster cards are tied to fiat in value which means that at one point it becomes a much better deal buying packs then spending money on the market, which leads to increased supply of the cards and a price drop. I would also like to add that the danger of this happening isnt that high in my opinion.
From the information i got from Yabapmatt, apparently we will be getting the card packs within a couple weeks after the crowdfund and the promo cards a couple months later, once the new website is built.
The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far. Meanwhile, one of the country’s largest banks now has a bitcoin ATM at one of its main branches. In addition, the Cagayan Economic Zone Authority has independently licensed 24 crypto exchanges.
“When they sell their bitcoin, users will be able to withdraw the money they made in the transaction from the ATM directly. You have to be a UBP account holder and have a crypto wallet (like Coinsph), users who do not have a UBP account can open one in the Ark where the ATM is located”.
Whatever people make of the cryptocurrency exchange Binance and its leader, Changpeng Zhao, the company’s success isn’t just unprecedented, it’s precedent-setting.
Binance, I would argue, is emerging as the case study for growing a cryptocurrency business, a success that’s much needed in a community that spends too much time talking up the potential of its technology and too little time analyzing viable go-to-market strategies that can drive the technological sea change we foresee.
In that regard, I think the market is only just beginning to understand just how visionary Binance is and what its success – in terms of market timing and product impact – says about something we all are striving to find: a model for building scalable and impactful cryptocurrency businesses.
The United States subsidiary of major European crypto exchangeBitstamp has been granted a virtual currency license from New York state’s financial regulator, according to an official press release from the New York Department of Financial Services (NYDFS) on April 9.
The license, known as a BitLicense, has been awarded by the NYDFS to Bitstamp USA Inc., a subsidiary of the Luxembourg-registered exchange.
According to the press release, the development makes Bitstamp USA reportedly the nineteenth firm to receive the department’s green light to conduct digital currency operations in New York state. As Reuters today reports, Bitstamp Europe SA was granted a payment institution license back in 2016, which authorized its operations across all 28 EU countries.
Crypto investment firms in China have turned to lending for a steady revenue stream to get through the bear market, including Bixin Capital, FBG Capital and Dong Zhao’s DGroup.
Each of these firms currently holds about $15 million worth of outstanding loans originated over the last five months.
Although most of these lenders don’t directly deal with Chinese yuan, they see borrowing demand domestically from retail investors, trading desks and cryptocurrency miners.
The head of the largest organized creditor group representing the former users of failed bitcoin exchange Mt. Gox is stepping down amid what he described as a protracted legal quagmire that could take years to resolve completely.
Andy Pag, the founder and coordinator of Mt. Gox Legal, told CoinDesk in an exclusive interview this week that he now believes ongoing legal issues – in particular, a single massive claim by startup incubator and former Mt. Gox partner Coinlab – may hold up the crypto exchange’s civil rehabilitation process for up to two more years.
Pag, who started Mt. Gox Legal roughly 18 months ago with the intent to advocate for the reimbursement of creditors, first revealed his opinion of the expected timeline in a private forum post last week, obtained by CoinDesk, which told creditors he would be stepping down from his role as coordinator at the end of the month.
“Join us on Wednesday 10th April at 19:00 in Kazan, Russia for a Binance meetup!”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Not so bad today. Yes we had a correction but if you look well, we didn’t really break the support line for a long time and we are even now upper than this line. Let’s see what will be done in the coming hours but a UP break out would be nice to have to confim a bounce from that support line.
This last week i decided to check out two of the biggest engagement contests on Steem and Whaleshares. One is run by @abh12345 called “Curation and Engagement league” which essentially tracks your engagement and curation statistics over the course of the week and the other is the “Beast challenge” on Whaleshares run by @lexiwitness. Thats not a weekly thing like the engagement league but it does happen fairly often. You get a number of posts and comments you need to make in a period of time. The first one i saw was i think 1000 comments (no spam) and the one im doing right now is:
5 days, 5 posts (+150 words), 300 comments.
Above all else i have to say that this is damn hard. Ive been listed in the engagement league for a week now and i didnt even make the list the first week. lol. I think i made 90 comments with a 20k character length while there are folks with almost 10 times that. Never thought i was so far behind. 🙂 The beast challenge ive been doing for one day and i barely got 20 comments in.
How in the world do you come up with something smart to say all the time! haha
Im not the kind of guy that will say:
Good job! Keep it up! Thank you! You are welcome!
That seems kind of cheap. (Unless you really need to say thank you. haha) I like to make my comments unique, memorable, annoying, hilarious … intellectually stimulating. mmmm. 😀
Which is why it can get hard (I think theres a joke in there somewhere) thinking up my next comment.
Alright, to stop complaining all the time, i need to get back into it. Goal this week: 1. 280 comments in 4 days! 2. Get on abh12345 list!
Lets win that Heineken keg! (Thats the first prize, right?)
Princess Eugenie of the United Kingdom and United States anti-human trafficking Ambassador John Richmond recently spoke in favor of using new technology like phone apps and blockchain to address human trafficking, Reuters reports on April 8.
At a conference in Vienna, Austria hosted by the Organization for Security and Co-operation in Europe (OSCE), experts noted that increased internet usage has expanded the ability of traffickers to exploit potential targets.
However, Princess Eugenie — the granddaughter of Queen Elizabeth — reportedly noted that technology could also help fight trafficking. Eugenie, who founded the Anti-Slavery Collective in Britain in 2017, said:
“I have learned about how blockchain is having a huge impact on supply chain management, and how an app in Britain can help the public report modern slavery at car washes.”
It’s a moment true bitcoin nerds have been waiting for.
In the coming release of Bitcoin Core, the 18th major version of the cryptocurrency’s most widely used software, the code will finally, natively allow users to connect bitcoin full nodes to hardware wallets.
It sounds technical, but it’s a big step for the security for users. Bitcoin full nodes allow users to verify that transactions actually took place, meanwhile, hardware wallets are considered one of the most secure ways to store bitcoin. Thus, making it easier to join the two together is a big win for users who don’t want full control of their bitcoin – and don’t want to lose it.
Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8.
Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in line with the crypto community’s decentralized ethos:
“Given that one of the big allures of blockchain projects is the decentralization, getting outside investors could help Facebook present the project as more decentralized and less controlled by Facebook.”
Opera has officially launched the desktop version of its new browser with a built-in cryptocurrency wallet.
The browser, called “Reborn 3,” is now available for the Mac, Windows and Linux operating systems, Opera announced Tuesday. The software allows users to explore and interact with the blockchain-based decentralized applications (dapps) of “Web 3,” and the wallet lets users send transactions without requiring an extension such as Metamask, the browser company said.
To enhance security, Reborn 3’s built-in wallet syncs with that of Opera’s mobile Android browser, which was launched last December, Opera said.
China’s National Development and Reform Commission (NDRC), a state planning agency charged with spearheading macroeconomic policies, has revealed it is considering the elimination of crypto mining in the country. The news was reported by Reuters on April 9.
The NDRC has reportedly now included crypto mining as part of its draft for a revised list of industrial activities the agency intends to curtail. The list — which reportedly runs at over 450 points long — identifies activities the state deems to be in violation of relevant laws and regulations, pose a safety hazard, or are unecological.
It forms part of the NDRC’s wider Catalogue for Guiding Industry Restructuring, which has been issued since 2005 and determines which industries are to be fostered, restricted or eliminated in the country.
“BitTorrent will be listed on BitAsset beginning on April 9th, 3 PM (SGT)”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today the STEEM drop and broke during some hours the support line around 0.49$. However, it created a bounce which allowed us to go back upper this support line. So we can consider that the support line did its job and create a bounce. Let’s see now if we will try again to break the line or if we will start to go up and test the TOP.
Ive been browsing the interwebs these last few day on info about this supposed bull market we will be seeing this year and that made me start thinking about what happens if there actually is a bull run and crypto moons again.
What happens if BTC goes to 50k and STEEM goes to $10?
Im someone that considers himself a longterm investor in STEEM, meaning that i will never completely powerdown. 5-10 years from now ill still be rocking a few thousand STEEM no matter the price. (or so i believe right now) When i started up on Steemit 1 year ago, that was my first contact with cryptocurrencies. I knew absolutely nothing. All i knew was that i can earn some cryptocurrency on Steemit. Thats about it.
Fast forward 1 year and i accumulated quite a bit (by my standards) of STEEM, WLS and bought a few other assets as well. Crypto was never my main source of income. It actually never was a source of income for me. In 1 year of my time here i have never sold a single STEEM and withdrew it to my account to spend it. The only time i took STEEM out is when i needed to give someone their share of a payout and they wanted it in cash. But i personally never spent a cent of it. That is mostly because my account is pretty small and my crypto holdings all together arent more then a couple thousand dollars worth which doesnt even make it worthwhile taking out. Also im of a belief that we arent even at 1/100th of the price STEEM has the potential to reach.
But one day STEEM might reach a new ATH and when it does, i could find myself sitting on something like 100k USD.
What then?
Will i be as “long term” as i am now when by selling my STEEM i could build not 1, but 2 houses from the money i made sharing opinions on stuff, pretending to be a blogger.
Financially, im pretty well off, but 100k USD is still a lot of money. Nothing to scoff at. At what price point is a belief in the tech, in the idea of crypto, its potential and future replaced with:
Time to get my Lambo!
Are you that certain of crypto taking over from fiat that you will refuse to sell, ever? Who is brave and certain enough in that outcome to take that risk? Honestly…. Im curious to see if i am. lol
