🗞 Daily Crypto News, August, 7th💰

  • Shark Tank’s Kevin O’Leary Questions Bitcoin’s Role as ‘Safe Haven’ ;
  • Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A ;
  • UK’s Tax Authority Requests User Data From Crypto Exchanges ;
  • Doubling up on STEEM! Reasons and Thoughts ;
  • Binance’s CZ: Like It or Not, Facebook’s Libra Coin Is Poised for Mass Adoption ;
  • 📑 Daily Crypto Calendar, August, 7th💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Shark Tank’s Kevin O’Leary Questions Bitcoin’s Role as ‘Safe Haven’

The debate over bitcoin’s role as a “safe haven” asset hit mainstream media on Tuesday, following reports that bitcoin’s recent price run could be attributed to Chinese capital flight.


Speaking with CNBC on Tuesday, businessman and co-host of NBC’s “Shark Tank” Kevin O’Leary and Morgan Creek Digital’s Anthony “Pomp” Pompliano took opposing sides in the conversation. Pompliano is a well-known bitcoin bull, while O’Leary played the role of skeptic.


Over the course of the conversation, Pompliano said over half of his net worth now resides in the world’s largest cryptocurrency by total value. O’Leary sought to describe the investment strategy as foolish in return.


“In any one stock, never more than 5 percent, in any one sector, never more than 20 percent,” O’Leary said. “I teach this stuff! You never go beyond concentrations of that nature! Fifty percent! Shame on you! That’s nuts!”

Responding to bitcoin’s role as a safe haven, Pompliano said the asset is negatively correlated with every other major asset class.


“[Morgan Creek Digital] has been banging the drum for over a year now saying that this is a non-correlated asymmetric asset. If you look at times of global instability like in May, where we are lobbing tariff threats and the trade wars are going on, bitcoin is up 55 percent. It’s got a negative correlation, -0.9 to S&P negative -0.8 to gold.”

🗞 Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A

Crypto lending startup BlockFi received $18.3 million in a Series A funding round led by Valar Ventures, the company announced Tuesday.


Valar, which was founded in part by PayPal co-founder Peter Thiel, was joined by Winklevoss Capital, Galaxy Digital, ConsenSys, Akuna Capital, Susquehanna, CMT Digital, Morgan Creek, Avon Ventures and PJC. Valar’s investment was its first in the cryptocurrency industry following prior investments in other fintech firms like Transferwise, a press release said.


According to a company statement, BlockFi plans on using the capital for additions to its product line up. The firm’s premier product, yield-bearing bitcoin deposits, launched in March. Besides deposits, BlockFi offers cryptocurrency-backed loans.

🗞 UK’s Tax Authority Requests User Data From Crypto Exchanges

Crypto exchanges come under fire


According to fintech-focused media outlet Coindesk, industry sources said that the agency has sent letters to at least three crypto exchanges in the U.K., including Coinbase, eToro, and CEX.io, requesting that they provide lists of users and transaction data.


HMRC is reportedly aiming to cooperate with crypto exchanges in a bid to identify individuals who evade taxes. According to the cited sources, the agency will probably only go back two or three years:


“If they [HMRC] do only go back two or three years, I think the interesting thing here is, that the individuals who went into crypto very early on in 2012-13 will not be affected. The ones who probably made the largest gains won’t be affected, it will be the people who came in around the time crypto peaked.”

🗞 Doubling up on STEEM! Reasons and Thoughts

Here is a quick post to tell you that I am doubling up on STEEM. One of the reasons is HF21 (find all the info from @steemitblog‘s post here) but this is neither the only one or the most important.

I think HF21 has its flows, yes it redistributes more to SP holder, but through this it will bring more investors, therefore more Buying pressure and a better STEEM Price I Believe.

More curation rewards also means more attention spent by SP Holder to curate content of quality. This would be beneficial to the entire STEEM Community.

In the end, what is the point to have 75% of your posts STEEM rewards / SBD if they are valued at a few cents, wouldn’t it be better to have 50% of a post valued a few $$$?

Full post Here

🗞 Binance’s CZ: Like It or Not, Facebook’s Libra Coin Is Poised for Mass Adoption

The takeaway:

Binance CEO Changpeng Zhao (“CZ”) hopes to open a London office “very soon” as the crypto exchange turns its focus to Europe. Brexit won’t hurt and if anything will be good for crypto, he predicts.

On Facebook’s Libra project, CZ anticipates practical benefits from potentially listing the coin, and also hinted at further collaboration.

The forthcoming Binance.US is working with the usual suspects among crypto’s reliable banking partners.

CZ calls crypto insurance a “flawed concept.” Binance instead dedicates 10 percent of its $100 million in quarterly revenues to its internal “SAFU fund.”

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📑 Daily Crypto Calendar, August, 7th💰

“@Gate_io startup project program, starting on the 7th of August”

“The rebrand will update the roadmap, website, products, vision, and we have a significant announcement regarding our future…”

“You will be able to see how our format seamlessly merges with a real 3D environment.”

“Join us next Wednesday 08/07 at 1 PM EST/ 5 PM UTC.”

“The AMA will go live on the 7th of August, 5 PM UTC.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As expected, we are now testing the support line at 0.21$. It was foreseen in my previous posts and yeah it is happening… Not a good news but it is life, what can we do… So yeah, this support line is a major support line and as I explained yesterday, if we break this support, I think we will really go deeper… If you are thinking about buying new STEEM because it is SALE price, I suggest you to wait the results of the current test because if we break it, I think you will be able to buy a lot cheaper than now….

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Last Updates

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Join this new Free To Play on the STEEM Platform !


🗞 Daily Crypto News, August, 6th💰

  • US Federal Reserve Launching Payment System ;
  • Litecoin Just Halved Its Crypto Rewards for Miners ;
  • A Battle Between Bitcoin Wallets Has Big Implications for Privacy ;
  • Doubling up on STEEM! Reasons and Thoughts ;
  • North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN ;
  • 📑 Daily Crypto Calendar, August, 6th💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 US Federal Reserve Launching Payment System

The United States Federal Reserve Board is planning to release a real-time payments and settlements service in order to boost the payments infrastructure in the country.


A press release published on Aug. 5 reads that the Board of Governors of the Federal Reserve System has requested that Federal Reserve Banks develop a new interbank real-time settlement service to support faster payments in the U.S. The payment system is called FedNow and will purportedly launch in 2023 or 2024.


By launching FedNow, the Fed aims to modernize the country’s payment system with a real-time service that can transfer funds around the clock and on weekends and weekdays. The service will purportedly be available to both businesses and the general public.

🗞 Litecoin Just Halved Its Crypto Rewards for Miners

Litecoin (LTC), currently the fourth-largest cryptocurrency by market capitalization, has just reduced its block reward for miners by half.


The litecoin blockchain reached the trigger block height of 1,680,000 at 10:16 UTC on Monday, according to the litecoin explorer from mining pool operator BTC.com.


The event marks a major threshold for miners, as the litecoin network is designed to reduce its mining rewards by half every 840,000 blocks (roughly every four years).

For this “halving,” the mining reward for every block has been reduced from the previous 25 LTC to 12.5 LTC

🗞 A Battle Between Bitcoin Wallets Has Big Implications for Privacy

Bitcoin privacy wallet Samourai announced last Thursday that its primary competitor, Wasabi Wallet, is the target of an ongoing network attack.


The blog post is the latest in a string of allegations Samourai has leveled against Wasabi since mid-July.
The attack, according to Samourai Wallet, resembles a Sybil attack, where a small number of users falsifies new identities and pretends to be much larger in number. This would mean that the anonymity set, or crowd, in which a user can hide their bitcoin transactions is not actually as large as Wasabi suggests.


“As the Wasabi team has described it, the goal of the Wasabi mixing technique, is to hide your [unspent transaction outputs] in a ‘sufficiently’ large crowd (peers),” Samourai wrote in its blog post. “The current target Anonymity Set in Wasabi mixing is 100 peers.”

🗞 Doubling up on STEEM! Reasons and Thoughts

Here is a quick post to tell you that I am doubling up on STEEM. One of the reasons is HF21 (find all the info from @steemitblog‘s post here) but this is neither the only one or the most important.

I think HF21 has its flows, yes it redistributes more to SP holder, but through this it will bring more investors, therefore more Buying pressure and a better STEEM Price I Believe.

More curation rewards also means more attention spent by SP Holder to curate content of quality. This would be beneficial to the entire STEEM Community.

In the end, what is the point to have 75% of your posts STEEM rewards / SBD if they are valued at a few cents, wouldn’t it be better to have 50% of a post valued a few $$$?

Full post Here

🗞 North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

UN: Hacked crypto funds weapons of mass destruction


In a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Council North Korea sanctions committee said that hackers formed an essential part of government funding. 


“Democratic People’s Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars,” Reuters quoted the report as stating.

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📑 Daily Crypto Calendar, August, 6th💰

The Litecoin block mining reward halves every 840,000 blocks, the coin reward will decrease from 25 to 12.5 coins.

On August, 6th Deex launches the closed testing campaign of decentralized messenger for iOS devices.

AUX launches a new version of the website and updates social media by August 6th.

“We invite you to join an #AMA with our new partner, #nOS (@nOSplatform)… 5PM UTC (17:00 UTC) in $ARK’s Slack!”

“Join members of the SDF partnerships team tomorrow, Tuesday, August 6 for a free online workshop for Stellar developers.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So after the confirmation of the break yesterday, the STEEM is now waiting just under the line which is now a resistance line. It is not a bad news and we could have a big drop due to the break but I think that the nice UP of the BTC is helping us to don’t drop. Let’s see what will happen soon. The BTC cound correct quiet soon and it could be the excuse for the STEEM to continue its drop.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

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