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🗞 Daily Crypto News, November, 18th💰

76
5 years ago
in#bitcoin

  • Big South Korean Companies Continue Blockchain Spending Drive;
  • BlockShow Asia, Bitcoin Crash Warning, India Delays Crypto Ban: Hodler’s Digest, Nov. 11–17 ;
  • Bitcoin Rewards App Lolli Responds to Alibaba’s Denial of Partnership ;
  • Number of Bitcoin ATMs Passes 6K Mark…But the Taxman Is Taking Note ;
  • Global Gold Survey Tells 5 Important Things About Bitcoin Adoption ;
  • 🗞 Daily Crypto News, November, 18th💰
  • STEEM Trading Update

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

🗞 Big South Korean Companies Continue Blockchain Spending Drive

South Korea’s biggest businesses are continuing to dominate the nation’s blockchain industry.

Per news outlet Maeil Kyungjae, the country’s Software Policy & Research Institute has revealed that seven out of South
Korea’s top 10 largest companies have begun integrating blockchain technology in their services, with “large enterprises” accounting for 86% of blockchain-related spending in 2018.

Total blockchain spending in the country last year totaled just under USD 110 million, the institute estimates.

South Korea’s business scene is dominated by large, often family-run business groups, which are now introducing blockchain technology to manufacturing, distribution, electronics, logistics, banking, finance and telecommunications operations. This factor, the media outlet states, is leading to the “accelerated development” of blockchain-powered industry.

🗞 BlockShow Asia, Bitcoin Crash Warning, India Delays Crypto Ban: Hodler’s Digest, Nov. 11–17

BlockShow Asia 2019: Binance’s CZ speaks publicly about China’s digital Currency

BlockShow Asia 2019 was held in Singapore this week, leaving us with plenty of stories to chew over. Binance’s Changpeng Zhao was among the speakers, and he predicted that the central bank digital currency being developed by China will be based on blockchain. Explaining his reasoning, Zhao explained how Beijing wants to push the influence of the renminbi globally in order to make it competitive with the U.S. dollar. He welcomed competition in the crypto world, saying: “Having is better than not having. Having stablecoins is better than not having them. Having Libra is better than not having it.” Zhao’s appearance followed President Xi Jinping’s calls for China to accelerate its adoption of blockchain — and the exchange boss said those who were laughing at blockchain aren’t laughing now.

BlockShow Asia 2019: Calls for clarity and caution on crypto regulation

Crypto regulation was another hot button during the two-day event powered by Cointelegraph. Some, such as Proof of Capital’s managing partner Edith Yeung, publicly criticized American regulators for leaving blockchain-based ventures in the dark — with some exchanges leaving the U.S. altogether because of uncertainty surrounding their status. Others, such as Quoine co-founder Mike Kayamori, were far more cautious. He said regulation was something that needs to be done carefully given how the industry is constantly evolving, and he warned: “The government can’t try to regulate things it still doesn’t understand.”

BlockShow Asia 2019: 99% of token price is pure speculation, says VeChain founder

Another interesting panel at BlockShow focused on creating token value — and asked whether monetary gains are hindering blockchain innovation. VeChain founder Sunny Lu claimed 99% of a token’s value is normally linked to speculation, rather than the value that a solution can bring to society. He added: “This causes many startups to waste a lot of time producing and 'selling' the token, failing to develop solutions for where they were initially focused.” Fellow speakers acknowledged that it can be difficult to determine the value of blockchain projects, given how the blockchain industry is still very young, but they expressed confidence that it will get easier as the market continues to develop.

🗞 Bitcoin Rewards App Lolli Responds to Alibaba’s Denial of Partnership

Bitcoin (BTC) rewards shopping app Lolli has responded to Alibaba’s denial of a partnership between the two companies following Singles’ Day marketing blitz.
CEO of Lolli Alex Adelman refuted Alibaba’s denial of partnership with Lolli. In an email to Cointelegraph on Nov 17, Adelman maintained that Lolli did have a partnership with the Alibaba Group, saying:

“We’ve been partnered with Alibaba Group since May through AliExpress. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users.”

A partnership rejected

It was previously reported that Lolli introduced an affiliate partnership with Alibaba enabling its shoppers to earn 5% back in Bitcoin on Singles’ Day.

Subsequently, Alibaba denied any such partnership. A representative from Alibaba told CoinDesk that Lolli “never had the right to claim a partnership with Alibaba.com or imply one with Alibaba Group.”

🗞 Number of Bitcoin ATMs Passes 6K Mark…But the Taxman Is Taking Note

There are now more than 6,000 Bitcoin ATMs in the world – but as the devices become more widespread, it seems tax authorities are also starting to pay closer attention to the devices.

Per data from monitoring site Coin ATM Radar, there are currently 6,003 Bitcoin ATMs in operation now – with a whopping 3,923 of that number in the United States, followed by just over 700 in Canada.

More than 100 new devices have been installed globally in November 2019, and the website data shows that the rate of new Bitcoin ATMs installation now stands at 9.3 per day.

However, the growth rate has slowed down in 2019, in both absolute numbers and percentage terms. In twelve months from November 2017, 2,115 new Bitcoin ATMs were installed, compared to 1,982 devices, installed in twelve months before November 2019. The annual growth rate slowed down from 117% to 51%.

🗞 Global Gold Survey Tells 5 Important Things About Bitcoin Adoption

There are five points that speak to us about the world’s most popular cryptocurrency Bitcoin (BTC) and crypto in general in a global survey by the World Gold Council (WGC), the market development organization for the gold industry.

The new consumer research report encompasses opinions of 18,000 people, across the world, including China, India, North America, Germany and Russia. The researchers have discovered that “gold is a mainstream choice – the third most consistently bought investment, with 46% of global retail investors choosing gold products.”

While the report focuses on how to promote gold and bring new audience to its world, all these can be theoretically applied to the Cryptoworld as well, as many Bitcoiners are trying to establish the "Bitcoin is a digital gold" narrative.

Moreover, the fact that this nascent technology found a place in a major gold-focused survey speaks for itself. Possibly, an ad campaign ‘Drop Gold,’ launched by cryptocurrency asset management firm Grayscale in May, has also made its part.

🗞 Daily Crypto News, November, 18th💰

  • Vexanium (VEX)

Vexanium will collaborate with Nodes Community to hold a blockchain conference called the Nodes Blockchain Summit.

  • Santiment Network Token (SAN)

"... @Santimentfeed will be conducting its first Reddit AMA on the @EthfinanceR subreddit on Monday, November 18, 2019 from 12pm to 3pm EST"

  • Aeternity (AE), Binance Coin (BNB), General Event (CRYPTO), Monolith (TKN), Shift (SHIFT), Tolar (TOL)

Shift Money 2019 conference from Nov 18 - 19 in Croatia.

  • Decentralized Currency Assets (DCA)

"Decentralize Currency Assets(DCA) support’s the first crypto algorithm exchange goes live on november 18th 2019."

  • OKB (OKB)

"EVENT: We're going back to basics with #101 workshops on #CryptoTrading in Utrecht & Amsterdam

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

As expected since some days, the STEEM is continuing its nice trend and tested the resistance line at 0.155$. We had a first rejection but let's stay positive and let's hope for a second test and perhaps a break of that resistance line. it would be a very nice sign that the STEEM is ready to increase its value of at least some cents. Let's go !

Last Updates

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