Have we reached the bottom yet?
Some more positive news coming for the crypto holders this week, starting off with Square the cash app has been approved for trading cryptocurrency in New York. Since New York has some strict trading rules and requires companies to get the bitlicense it is good to hear that the growing cash app Square has been credited the license and will start trading crypto in the near future. "They've had approval in most states but New York was by far the biggest on where you couldn't trade bitcoin" says Nomura Instinet analys Dan Dolev.
Read more about this in the CNBC article
More approvals and positive news follow for Stellar Lumens who have also been approved for trading by the New York Financial Regulators. ItBit, the second largest cryptocurrency exchange have announced that they are adding Stellar lumens to their platform. Any crypto that would get added to this exchange will automatically be approved by the New York financial regulators as ItBit is a regulated US financial services company based in New York City. ItBit currently offers trading of BTC, BCH, ETH, LTC and now Stellar Lumens, they also offer over-the-counter trading services.
To read more about this, check out the bitguru article
Two major Russian banks, Sberbank and Alfa-bank, have recently been testing cryptocurrency portfolios for private clients. They will offer its customers shares in a fund in which BTC, BCH, ETH, LTC, XRP and EOS will be traded on cryptocurrency trading platforms like Kraken and BitStamp.
This is some great news for adoption, regardless of how the markets look today it is good to hear of new ways for people to buy, manage and hold crypto and it will be a very important factor during the next bull run.
Read more about this here in the blockchain journal article
Coinbase to discontine GDAX and open Coinbase Pro. Also in a recent interview it seems like adding more cryptocurrencies to Coinbase is one of their priorities, especially ERC-20 tokens which they announced some time ago. They recently announced that they will be adding Ethereum Classic which jumped up a few percentages on the news and is looking like a good buy for long term hold.
I personally won't be buying ETC as I am not so sure of what they are doing or what their current development is, the same way that I haven't held Litecoin in many years and am unsure why Coinbase listed it to begin with.
Although I don't use Coinbase and don't like their high trading fees or the bad customer support I've heard of, I think its heading in the right direction to become another big platform for user adoption and making it easier for investors to purchase currencies or their index fund.
We've heard about hackers using computers to mine Monero before, but recently police in Rui'an city in Zhejiang, China have arrested 16 suspects who have been using over 100,000 computers of Internet Cafes to mine the cryptocurrency Sia coin with. Apparently they had developed a malware and marketed it to maintenance firms who allegedly helped to inject it on the computers. The issue first emerged in July 2017 when internet cafes started to notice their computers being awfully slow and using up to 70 % CPU even after a fresh restart. Slow computers combined with higher utility bills caused suspicion and since most of the computers in the internet cafes are under the same maintenance firm which has so far remained unnamed, the police arrested the firm's chief executive officer in August who then revealed more information on the hackers. The investigation is still ongoing and the malware is said to have spread across more than 30 chinese cities with over 100 computer maintenance firms being involved.
As the price of Sia coin jumped up by 400% in July to $0.01 a big reason could've been the increase in hashpower mining it, part being from the hacked computers.
Here I thought Sia coin focused on storage and that was one of the few ways to mine it combined with the asicminers that were released and sold out in early 2017.
I've been looking more into Stellar and even though a lot of hardcore Bitcoin supporters seem to hate it (some association with Ripple maybe? Did I imagine that?), I'm starting to get convinced that maybe I should have some... mostly since I have recently heard that IBM has been getting involved with it and plans to use it as a platform.
What's your opinion on Stellar?
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Its not as bad as ripple. :D
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Possibly, because Bitcoin has been bouncing on the same support line its descent stopped at in February and early April. The same level shows as a snag in the parabolic rise that started in November. It this level does not hold, I can't say where the next stop will be. But the price seems to have held this line a couple of times before.
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You are absolutely right. Let's pray it holds and b
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This goes completely counter to a good FUD-fest. The MSM will not be happy with this.
There is so much going on with blockchain, it is impossible to keep up with. It is baffling that people still doubt that these technologies, blockchain and crypto, are moving ahead full force. In 10 years, we will not recognize how society operates in, large part, due to the progress of blockchain.
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did someone say bull run just around the corner .... with all this spectacular news sure seems possible!
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This is a collection of awesome news that are bound to move market positively this week. We need more of it. Thanks @acidyo
Regards
@eurogee of @euronation and @steemstem communities
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May be possiblity goes high to go up and bullish now some good news also coming
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May I ask for your discord address @acidyo I want to communicate intensely with you
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This "communiate intensely"-part could feel quite intimidating for a Finn. 😁
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Just want to communicate only, meaning ...
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Nice roundup of news, thanks and keep up the good work!
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I never heard of sia coin before this
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I hope we get to see more real world use of blockchain technology so that we can leave the the phase of talk and promises. Soo many of the coins today are just big talk with no actual proof of real life application.
Steem in this aspect is way ahead because it has been used already for some time and more and more applications are being built on it. I heard of a Swedish company that has implemented blockchain technology for shipment tracking, and i would like to hear more news like this, because i think its needed for the masses to start hearing more news like this in order to understand that blockchain is a technology that is being used right here right now and that is changing the world as we speak.
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How do i change crypon currency into cash to use?
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I am seriously thinking about bitcoin. and I've been searching greater into stellar and despite the fact that lots of hardcore bitcoin supporters seem to hate it (some affiliation with ripple perhaps? I am starting to get convinced that perhaps I must have a few... more often than not due to the fact that I have currently heard that IBM has been getting concerned with it and plans to apply it as a platform. Thanks for sharing.
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Flagged for plagiarism lol 😝😝😝
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Yo! Love the information in your post. If i could offer you a bit of advice... MAKE THEM SHORTER! clip out certain news pieces and have them be their own post or in the description add links to certain times where you change subjects. This would give viewers a better experience in my opinion.
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Not only does Ripple encourage the XRP of suspicious accounts to be frozen, but “The financial institution should also freeze the counterparty in any other systems the financial institution operates that are connected to the XRP Ledger”. Your bitcoin; your litecoin; your euros; anything connected to a Ripple gateway can be locked down. No other cryptocurrency has a similar framework in place, which grants exchanges unprecedented powers to lock up funds at the drop of a hat.
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This is really great news for the steemit community...
I hope crypto will reach the high levels in the money market very soon..
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Stellar is not the only down...all the crypto currencies are down...it's the general market trend...but it's still going up for sure with the FairX
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I was monitoring siacoin's price pumping the last weeks when everything were going straight to hell but couldn't understand why...
It makes perfect sense now @acidyo
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It's seem interesting to me ,I like the way you post such amazing thing I'm impressed with your way you work , it's helping the new steemians to grow
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It's seem interesting to me ,I like the way you post such amazing thing I'm impressed with your way you work , it's helping the new steemians to grow
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I have never been a fan of Coinbase either, but it was a quick and easy way to get started with crypto. Now that I have holdings and I am in the market, I don't use it that much. I don't think I even have any holdings sitting on it at the moment. It is cool that they are going to start adding some more coins and features. The rates were horrible and hopefully they start to address that as well.
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My friend has been spotted here, the only exchange I currently have some crypto holdings with is binance.
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We're probably gonna see more and more cases of people hacking to mine. Pretty cool that you can raise the price if you put a botnet on mining a minor coin too.
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I hope all these positive news will push the price of btc and altcoins a bit more higher now but before that I really need to get my hands some good amount of fiat even if it's a loan I wouldn't mind at all.
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nice post @acidyo
I like..and? We just made our SBD $ as our power (Steem-Power) to follow the Steemit event on the way.
thank you @acidyo
greetings from me @razi04
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I think XLM will go up a lot now, so it would be a good buy to hold.
As you know a lot about cryptocurrency, you do not have information about the EOS that could not be registered, in my case I could not register the few EOS that I have. Then, will it be that I lost them?
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This means that this will be a great opportunity for companies to expand their field of commerce with the various forms of payment through the Cryptocurrencys which leads us to a step further evolution in this market
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Let’s hope that the goods news keeps on coming and that it will slowly overpower the FUD!
That’s is what we do need at the moment!
Cheers,
Peter
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Congratulations @acidyo!
Your post was mentioned in the Steemit Hit Parade in the following category:
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nice design of this bitcoin..
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