🗞 Daily Crypto News, February 5th 💰

New York Lawmaker Proposes Study of State-Backed Cryptocurrency;
Japan’s Leading Low-Cost Airline Details Plan to Accept Bitcoin;
S. Korean Finance Minister: Blockchain Can ‘Revolutionize The World’;
Ukrainian Law May Separate Mining from Cryptocurrencies ;
Blockstream Devs Depart to Design a Different World Computer
📑 Daily Crypto Calendar, February 5th 💰
STEEM Trading Update by @cryptopassion

🗞 New York Lawmaker Proposes Study of State-Backed Cryptocurrency

A New York lawmaker who previously filed several bills related to blockchain has submitted new legislation that calls for studying the creation of a state-backed cryptocurrency.

The measure, dated Feb. 2, calls for the creation of a task force dedicated to studying "the impact of a state-issued cryptocurrency on the state of New York."

🗞 Japan’s Leading Low-Cost Airline Details Plan to Accept Bitcoin

Japan’s leading low-cost airline, Peach Aviation, has been working to implement a bitcoin payment system. Recently, there were reports that the company may be rethinking its bitcoin strategy following the recent hack of a major Japanese cryptocurrency exchange. Peach Aviation and its bitcoin exchange partner have clarified their position.

🗞 S. Korean Finance Minister: Blockchain Can ‘Revolutionize The World’

“Blockchain technology is an important technological breakthrough to fuel the fourth industrial revolution and as such, the ministry will take a cautious approach in regulating the cryptocurrency market. For negative use cases of cryptocurrencies, the ministry will impose strict regulations.”

🗞 Ukrainian Law May Separate Mining from Cryptocurrencies

Ukrainian legislators should separate the regulation of crypto mining from the legal status of cryptocurrencies. The new approach was proposed by the chairman of an important parliamentary committee who criticized law enforcement agencies for cracking down on crypto miners. Police confiscated mining equipment in a series of raids this week. Authorities claim that coins have been used to finance pro-Russian separatists.

🗞 Blockstream Devs Depart to Design a Different World Computer

Not just fodder for TV jokes, it's a goal that continues to capture the imaginations of developers in the blockchain sphere, and Ben Gorlick and Johnny Dilley are no exception.

Turns out, the developers liked the idea so much they ditched one of the most renowned tech companies in the blockchain industry, Blockstream, to join up with a startup called Crowd Machine where they now serve as the CTO and chief of system architecture, respectively.

Daily Crypto Calendar, February, 5th

Cardano (ADA)

Roadmap Update

FunFair (FUN)

Attending ICE Gaming

Verge (XVG)

Second Verge YouTube Q&A on Feb 5, 2018.

High Performance Blockchain (HPB)

On Feb 5th, HPB will be listed on Kucoin

Aion (AION)

The first beta group participants will receive access to the Test Net binaries.

STEEM Trading Update by @cryptopassion

So yesterday I was showing you that we used the support line to do a bounce and I was expecting higher highs to validate that bounce :

Here is the current chart ;

We can see that our support line looks strong and stopped for the second time the drop.

However, I'm afraid that we break that support line in case of an important drop of the BTC.
One other scenario would be the "W" pattern that I traced you in green and which is a bullish pattern using the double Bottom.

I would suggest you to wait if this support line hold or not before buying new STEEM. You will perhaps miss the current prices but if the support line break, you will have the opportunity to buy them much more cheaper also.

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fatkat (71) · 7 years ago (edited)

Very interesting about New York. Don't know why people would want another coercion backed currency highly susceptible to the worst type of tax of inflation due to crooked politcks printing money beyond whatever the change in utility.

$0.31

3 votes

vlemon (76) · 7 years ago

It also seems weird to me but it shows that governments went from being "opposed" to crypto to being "open" to work with this new paradigm to get the most from it.

$0.07

cyrptoreports (53) · 7 years ago

A lot of positive news but still a lot of negative price action :(

2 votes

HODL and be patient is the best advice. This past week, markets corrected but I do not understand why when you follow all the news, I am optimistic!

$5.02

osita4coin (2) · 7 years ago

Despite the positive news, there is still blood allover cryptosphere. Ask for me and my household, we shall HODL through the Storm.

@vlemon, see you at the top and thanks for sharing always.

$0.00

1 vote

Thank you, I will be doing the same.
Take care and thanks for following my posts.

$0.03

sreeram661 (40) · 7 years ago

Please Check out this below project.If you like it, Follow and upvote for the project. https://steemit.com/steemit/@sreeram661/upvote-funding-crypto-mining-company-improved-plan

blaqothor (25) · 7 years ago

I guess The market will experience more profit if all this prospective could happen. I just keep wondering why the market keep crashing even though we still have some #HODL GANGS.....Hope to see crypto market back on it's feet.

enurmik (33) · 7 years ago

As always. great work :)

nainaztengra (79) · 7 years ago

Excellent crypto news buddy. Regards Nainaz.
#thealliance

kevaton (48) · 7 years ago

Thans @vlemon for compiling these vital Crypto headlines and events. They will help crypto followers to keep a breasts with recent developments in the industry.

Thank you @kevaton !
This is what I aim to do.

$4.92

aritmethos (39) · 7 years ago

Great news, thanks, upvote :)

jerrybanfield (74) · 7 years ago

Thank you vlemon for making a transfer to me for an upvote of 6.31% on this post!

Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!

The other half helps holders of Steem power earn about 60% APR on a delegation to me!

For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily?

To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?