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🗞 Daily Crypto News, February, 23rd 💰

76
5 years ago
in#bitcoin

  • Bitcoin Cash Faces ‘Slow Death’ After Alleged $30M Hack ;
  • Tezos Price (XTZ) Losing Steam After Dropping to Ascending Trendline?;
  • Here’s Why Interest Rates on Cryptocurrencies Could Be a Game-Changer ;
  • NBA & NFL Believe in Non-Fungible Tokens, But Not Contract Tokenization;
  • Binance Is Not Under Our Jurisdiction, Says Malta Regulator;
  • 🗞 Daily Crypto Calendar, February, 23rd 💰
  • STEEM Trading Update

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

🗞 Bitcoin Cash Faces ‘Slow Death’ After Alleged $30M Hack

In a now-deleted Reddit post from Feb. 22, the investor, who appears to be Dreamhost founder Josh Jones, said the attacker also stole 1,500 Bitcoin (BTC) worth $14.4 million.

Hacker steals reported $45M
The hack came in the form of Jones’ SIM card being compromised. So far, he has not confirmed whether this was a so-called “SIM swap,” or whether the funds were commandeered by other means.

In the deleted post, Jones appealed to BCH miners not to validate the transactions. He wrote:

“It’s only had 3 confirmations, if any miners/the community can help somehow, I’ve got the private keys. Help help help.. Big reward obviously.”

🗞 Tezos Price (XTZ) Losing Steam After Dropping to Ascending Trendline?

Over the past week, Bitcoin (BTC)and altcoins have taken a serious hit and currently, Bitcoin is still down 7.09% since topping out at $10,485 on Feb. 13. Many altcoins that bore the brunt of the sharp correction are still nursing their wounds and the double-dip correction of the past week appears to have investors cautious about piling back into cryptocurrencies.

On Feb 15 as the entire market pulled back, Tezos (XTZ) dropped 22.62% but since Feb. 17 the altcoin has recovered 25.85% to trade at $3.50.

Since the start of 2020, the altcoin is up 199.52% and for the past two weeks, analysts have cautioned that the parabolic rally could end at any moment and be followed by a strong retrace.

Above $3.95 Tezos is targeting its all-time high at $4.12 meaning the altcoin would be free to explore higher prices once knocking out the all-time high.

🗞 Here’s Why Interest Rates on Cryptocurrencies Could Be a Game-Changer

Lending and borrowing cryptocurrencies is becoming an increasingly important sub-sector of crypto finance, one that may end up shaping how the underlying assets themselves are valued and priced in the markets.

While still in its infancy, the growth of crypto lending platforms has given birth to a new type of measuring metric: interest rates, which has the potential to draw in new investors while encouraging the movement of crypto capital out of storage and into markets.

In traditional financial markets, interest rates reveal significant information about the health of the economy and form the basis for almost all asset valuation models. Whether it be for calculating expected return or present and future market value, the interest rate is a key variable based on the lending and borrowing of assets.

🗞 NBA & NFL Believe in Non-Fungible Tokens, But Not Contract Tokenization

Cointelegraph was on the ground for NFT NYC, event taking place a couple of hundred feet from Times Square dedicated to non-fungible tokens.

While most of the companies at NFT NYC are early-stage startups still looking for their users, two attending organizations have hundreds of millions of fans around the world.

Adrienne O'Keeffe, associate vice president of partnerships at the NBA, and Sophie Gage, counsel at the NFL Player’s Association, joined a panel to discuss the value of blockchain technology for big brands. Cointelegraph scored an exclusive interview after their public discussion.

🗞 Binance Is Not Under Our Jurisdiction, Says Malta Regulator

Binance is neither licensed to operate, nor is it regulated in Malta, the country's chief financial watchdog has said.

The Malta Financial Services Authority (MFSA) issued a statement Friday denying it has ever regulated Binance or that the exchange has ever had leave to operate in the island nation's fledgling cryptocurrency industry.

Citing reports in the media that referred to Binance as a "Malta-based cryptocurrency company," the regulator announced Binance "is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA."

🗞 Daily Crypto News, February, 23rd💰

  • EDC Blockchain (EDC)

"Learn About What EDC and ECRO Can Offer", at 1 PM in Pekanbaru City in Sumatra, Indonesia.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

Look that almost perfect triangle. We can see clearly that we are at the end of it and that the Break Out will come soon. We all hope it will be a nice UP but stay carefull because no one can be sure of the direction of these kind of break out. It is safer to wait that the move starts and follow the trend.

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vlemon76
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