Like every morning i checked the STEEM page on Coinmarketcap. And one more day STEEM has been in the green. In a week STEEM has added $35 million to its market cap which is a formidable gain. It begs the question as to why that is happening. Could it be that folks are falsely expecting SMT test net on 15. March? Is it a recovery thats happening now that the STINC FUD has died down a bit? Was Steem in the oversold category? Are Korean exchanges the culprit?
Truth of the matter is that you cant know for sure.
If you can at all.
Great to see, though im still 40% down on my investment
Its hard to guess where we will end up going forward but im sure we wont see a major movement without the whole market recovering. Dont get me wrong. I firmly believe that STEEM has a place in the top 15 with double its Market cap, but im not sure we will see that happen. Thats actually around the price i would need to break even. Not with all the shady business going on right now with the crypto exchanges, the favoritism and the politics of it all. You come to crypto to escape all that just to find more of it. But i trust that over time things will change. You cant hype up failed projects or projects with low potential indefinitely. Even if you could, you just cant hype them up into long term success stories, no matter how hard you might try.
We are definitely trying to get back to SMTs as fast as possible. It’s not at all true that we are giving up on that project. The fact of the matter is that our work on MIRA is just more important now, and it’s not possible to know exactly how long that work will take. It could be a week, it could be a month, we just don’t know and aren’t willing to pretend we do. Once we’re done with MIRA, SMTs is high up on the to-do list.
Andrarchy comment earlier today.
My initial reaction…
But then i remembered that this was Steemit.inc and that they made me a wallet app. Wallet app ill probably never use, that looks the same as their built in whatever but with another font!
I can see it now.
Ned calling up a meeting, PowerPoint presentation ready, wearing his khaki pants, starting a discussion over picking Ariel or Times New Roman for the wallet app.
I cant get this damn projector remote to work Andrarchy! WE WILL DO IT LIVE, WE’LL DO IT LIIIIIIVE!
Will we ever actually see these mythical creatures called SMTs?
I say just hope for a overall market boost and that we manage to maintain inside top 40. Currently being 38th, i cant remember the last time we were this high.
Indeed STEEM has done a very good Jump today but, did you notice the jump on TRYBE?
It reaches 32% as an Average price at the Blockfolio signal.
More
and more people are entering in the Cryptoworld and either STEEM
blockchain or new competitors as TRYBE or KARMA are also helping on this
process.
No doubt for me that, accumulating stake on TRYBE and “Sailing” the waves on STEEM/SBD are a win-win combination.
STEEM seems to have completed a 3rd wave upwards. If so, it should correct forming the 4th wave… a good level to re-enter again could be 0.423 USD which corresponds with
You guys must have noticed that lately folks have started quite a few twitter campaigns. Latest one was Aggroed calling on folks to vote for a guy to get a Steem Monsters tattoo. (SM won, btw lol) And even newer campaign was started by Runicar with basically tweeting Coinbase to list STEEM.
Problem is that Coinbase has already shown that it has absolutely no intention of listing STEEM a few months ago when it made its shortlist of 30 something coins and STEEM wasnt on that shortlist. They basically dont care about mainstream adoption or tech value or tech potential, all of which STEEM scores very high.
Theres something going on there. Either they are corrupt, easily bought or they have an agenda. Maybe even direct investment in a coin. Who can say? Considering that almost all exchanges are shady as hell (according to blockchain transparency institute), its almost a prerequisite for them to even be called exchanges.
Which is why knowing that STEEM has really no chance at getting a listing i decided to do a few different tweets for fun. lol Might as well share them.
Christopher Giancarlo, chairman of the United States Commodity Futures Trading Commission (СFTC), has said that blockchain would have transformed regulators’ real-time responses to the the 2008 global financial crash, if it had been in use at the time. Giancarlo made his remarks during the 4th Annual DC Blockchain Summit in Washington D.C. on March 6.
In his speech, Giancarlo drew on his personal experience as executive vice president at brokerage giant GFI Group — which, in 2008, as he noted, operated one of the world’s largest trading platforms for credit default swaps (CDS), “then the epicenter of systemic risk.” He recalled the panic and disorder on the GFI broker floor, as the global credit crisis cascaded out of control:
“I remember a call from a U.S. bank regulator asking about CDS trading exposure of several major banks, including Lehman Brothers. In fact, trading conditions were deteriorating by the hour. It was clear that the regulator had little means, short of telephone calls, to read all the danger signals that the CDS markets were broadcasting.”
Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets.
While the reasons that most cryptocurrencies are highly correlated to bitcoin are not definitive, studies have shown this dependency on bitcoin’s trend has only grown stronger with time. Yet, BNB is proving different.
Brad Garlinghouse, the CEO of San Francisco blockchain startup Ripple, gave JP Morgan Chase qualified praise Wednesday for creating its own stablecoin, before dismissing the product’s likelihood of adoption by other banks and questioning its usefulness.
During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JP Morgan “leaning in.”
But, he quickly added:
“That’s the only nice thing I’m going to say about this.”
Switzerland‘s principal stock exchange, SIX Swiss Exchange, has chosen to use blockchain consortium R3’s Corda Enterprise platform for its forthcoming blockchain-powered digital exchange. The news was revealed during the R3-hosted Corda Day event in Singapore on March 6.
The SIX Swiss Exchange sees roughly 4.62 billion Swiss Francs (CHF) (~$4.6 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). As Cointelegraph reported in July 2018, SIX previously unveiled its plans to launch a digital asset ecosystem, dubbed Six Digital Exchange (SDX).
On March 5, financial messaging service SWIFT announced the launch of a <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
“>blockchain e-voting proof of concept (PoC). Participants in the PoC experiment include the Singapore Exchange (SGX), Deutsche Bank, Standard Chartered Bank, DBS Bank, and HSBC Bank.
SWIFT, in conjunction with software securities firm SLIB, will conduct the trial during the first half of this year in the Asia-Pacific region. The experiment will determine whether blockchain technology can “simplify the currently inefficient management of shareholder meetings and the associated voting processes…” According to SWIFT, its paper-based voting process takes an inordinate amount of time and resources, is too complex, and often leads to errors, particularly when it comes to proxy voting.
“Once the countdown ends, everyone will be able to buy their PolisPay card. We will also reveal the PolisPay roadmap, and have a Q&A …”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The UP continued today and we are more and more close of the previous TOP. I traced for you a new resistance line in blue which has been created by the 2 previous TOP. As I explained you yesterday, this line has to be broken to start really a new UP trend on the STEEM. Let’s see if we will be able to break it soon, a UP Break Out on the BTC would for sure help us to break that line. As always, we have to wait the master.
A new partnership between stablecoin TrueUSD (TUSD) and accounting firm Armanino purportedly allows traders to conduct instant audits of the token’s backing. The news was announced by TrueUSD in a blog post on Mar. 5.
The dashboard developed by Armanino purportedly enables traders to monitor TrueUSD token balances and collateralized funds. “Armanino connects directly to third-party escrow accounts holding the U.S. dollars that collateralize TrueUSD tokens, and runs their own ETH nodes to ensure accurate TUSD token supply,” the post details.
Cryptocurrency futures provider Crypto Facilities has seen “tremendous growth” since being acquired by U.S.-based crypto exchange Kraken last month, an executive said.
Sui Chung, the subsidiary’s head of indices and pricing products, told CoinDesk that trading volume has increased more than 500 percent since Kraken acquired the futures exchange at the beginning of February for $100 million.
You’re not sure where it will end up exactly or who will actually read it. But you type up a message, pay a couple of cents in bitcoin and click the “send” button. Your message zips through space – yes, space – then is broadcast out of a satellite, blanketing the world.
The result? A cosmic “message in a bottle” that’s become the latest novelty in the bitcoin technical community.
It’s all possible with the help of Blockstream satellite, an eccentric project released over a year ago with the goal of making bitcoin accessible for people without internet access. Sending messages has gotten easier since then, with the launch of spacebit.live, a simple website that allows users to pay a small fee (the default of which is 3 cents in testnet bitcoin) to send a message via those satellites across the world.
New York-based blockchain analytics firm Chainalysis has published an official statement clarifying that it does not collect or sell users’ personal data when it provides its services to cryptocurrency exchanges. The statement was published in a company blog post on March 5.
Chainalysis is one of the highest-profile firms in the blockchain intelligence industry, providing technology — such as its proprietary KYT (Know Your Transaction) tool — that enables firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering or terrorist financing.
Switzerland’s SIX stock exchange has announced the launch of an ETH exchanged-traded product. March 5 comprised the first trading day for the ETP, which is backed by Swiss company Amun AG. The launch comes one month after SIX announced its intention to launch a blockchain-powered exchange during the second half of this year.
Switzerland’s primary stock exchange, the Zurich-based SIX, has launched trading for an ethereum exchange-traded product, the Amun Ethereum ETP (AETH). Flow Traders B.V., a liquidity provider specializing in ETPs, will provide market making services for AETH on SIX.
Network upgrade at block 830,000, which is estimated to occur on March 6 at 00:00 UTC.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So after the UP of yesterday which helped us to come back upper than the support line at 0.39$, we continued today with the UP Break Out of the BTC. However, we start to have some difficulties to break the previous tops. We must really break the double TOP that we have around 0.43$ to start the real UP trend. Without that, we still have a risk to have a correction again.
Today on the scaredy cat investor show we reviewed the price charts of steem, litecoin and bitcoin.
Let’s recap what was covered and the outlook we came too.
Relative Strength
Litecoin is showing the most strength among the three and possibly among all crypto.
Looking at the litecoin chart you can see several good things happening:
Price broke the 200 day moving average and then confirmed the breakout with a test before moving higher again.
We are now testing the resistance in that $50-51 area after making a higher low.
The upside potential is large if price establishes above the $51 are as the next true resistance
On Wednesday, February 27, members of the Nevada Senate’s Committee on Judiciary heard two <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
“>blockchain-focused bills introduced by Senator Ben Kieckhefer (R): SB162 and SB163. Although Nevada does not prohibit blockchain technology or otherwise restrict its usage, the two bills provide clarifying language to, as the bill proponents explain, signal that Nevada understands and embraces blockchain and is open to economic development opportunities related to the technology. In a way, the bills could be considered enabling legislation.
Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again.
That’s because during this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in China’s mountainous southwestern provinces of Sichuan and Yunnan. This level of excess power results in competitive electricity costs for bitcoin miners, making it perhaps one of the rare opportunities to earn profits in the current bear market that has already impacted the mining sector.
Hashage, a company based in the city of Chengdu in Sichuan that operates six mining farms with a supply of about 200,000 slots for machines, for example, said the electricity cost in Sichuan during the summer – which may vary from hydropower plants – is usually around 0.25 yuan, or $0.037, per kilowatt hour (kWh) for hosting equipment for miners.
London-based blockchain analytics firm Elliptic — which provides technology to major United States crypto exchange Coinbase — has refuted allegations that it collects and sells clients’ user data to third parties for financial gain.
In an official statement published on March 4, Elliptic’s CEO and co-founder James Smith stated that the firm has never “enabled the violation of individuals’ financial privacy,” and that such accusations represent a fundamental misunderstanding of Elliptic’s industry role.
Elliptic is one of key players in the blockchain intelligence sector, providing analytics tools that allow companies, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering.
A supreme court advocate has explained the limitations of the Indian government’s power to regulate cryptocurrency, determining that the court should not get involved. Meanwhile, the crypto community awaits the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank.
“Cryptocurrencies by their very nature cannot be regulated … The supreme court should resist the urge to get involved”.
The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline.
As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be an early sign of a bearish-to-bullish trend change, while last week, bitcoin saw a bearish crossover of its 50- and 100-week moving averages, a first since 2015.
As such, the MACD became the latest in a series of indicators, that when applied to bitcoin point to seller exhaustion and a potential trend reversal as of Monday.
? Daily Crypto Calendar, March, 5th?
EthCC
EthCC 2019 (Ethereum Community Conference) is the second edition of a series of conferences and workshops dedicated to ETH.
Network upgrade at block 830,000, which is estimated to occur on March 6 at 00:00 UTC.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The crypto are becoming more more unpredictable. Tbh, it is a good sign because it shows that the market has difficulties to go lower but also higher. We are in an indecision phase which occurs often before the start of the UP trend. Anyway, it is still early to talk about that now but we can see that the STEEM dropped due to the BTC drop. However, the market on the STEEM decided to make an immediate bounce from the MMA50 (mobile average line in purple). The important now is to stay upper than the support line at 0.39$.
Few days back the price of steem ran up against resistance at the 40 cent area and what followed was a reversal candle leading to the worry that we were readying to sell off back into the range.
However, steem is in there fighting like a champ at the moment. It tried to selloff yesterday before rallying into the close. Now we are seeing a little red and I’m left wondering can the buyers continue to hold steady?
If so it will bode well for overall price action as shallow pullbacks on decreased volume is a bullish theme.
Looking at price in the
Been busy all day failing to catch up on my daily Whaleshares, Steemit replies. Didnt write my daily post which im doing right now. (The topic is apparently nothing lol) Need to do the daily Steem Monsters dailies and click things on Drug Wars to take more STEEM from crazy rich guys that threw hundreds if not thousands of STEEM at the game without thinking it through.
Just wanted to tell those folks:
Thank you for giving the rest of us free money.
hahaha. Enough already with the roasts and the told you so. lol
Im sure to piss some whale off eventually. haha
What else… Uhm..
Theres a steemian some of you folks know that might be coming back to Steem soon. Not sure when but i think once the weather gets better it might happen. Those are the immediate news.
Ill be busy the next few days so im not sure if ill be able to catch everything that is happening. Trying to complete a state exam so i can finally open my travel agency. Its actually 4 exams and i had one today already. Should pass it pretty easily..
Thats about it. Not much else to write about. I need to find another cause to support and another villain to yell at..
