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🗞 Daily Crypto News, February, 29th 💰

76
5 years ago
in#steem

  • Coming Soon: TRON & Steemit Town Hall ;
  • Crypto Exchanges OKEx and Bitfinex Suffer Simultaneous DDoS Attacks ;
  • ‘You OK Boomer?’ Gold Sees Biggest Loss Since 2013 as Bitcoin Steadies ;
  • Bitfinex Completes Another $100M Loan Facility Repayment to Tether ;
  • How Will Bitcoin Cash's Halving Affect the 4th Largest Network? ;
  • 🗞 Daily Crypto Calendar, February, 29th 💰
  • STEEM Trading Update

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

🗞 Coming Soon: TRON & Steemit Town Hall

Wewill be hosting a Town Hall meeting a week from today, March 6th at 9 pm PST. We will provide Zoom meeting information prior to the meeting. Please leave any questions or comments to this post that you would like to be addressed during this forum.

Prior to the Town Hall, there will be a meeting between Steem Witnesses, Justin Sun and other TRON members, as well as the Steemit team. The meeting is tentatively set for Wednesday, March 4th at 9 pm PST. This will be a great opportunity for the Steem Witnesses to share their ideas and vision for Steem. The community asked for this, so we are happy to deliver on that request.

Our Visions

The most important question in our minds going into these meetings was not whether we share the same vision for Steem, but whether these two organizations, each with their own strengths, can work together to help realize one another’s visions. We were happy and somewhat surprised, to discover that this is the case.

🗞 Crypto Exchanges OKEx and Bitfinex Suffer Simultaneous DDoS Attacks

Cryptocurrency exchanges OKEx and Bitfinex are suffering multiple denial of service attacks. It is unclear as of now if the attacks are connected, though OKEx CEO blamed competitors on his personal Weibo page.

OKEx first suffered a distributed denial of service (DDoS) attack on Feb. 27 at approximately 11:30 AM EST. CEO Jay Hao posted on his personal Weibo page as the attack was unfolding, blaming unnamed competitors in the attack. The attack routed as much as 200 gigabytes per second of traffic, which put strain on OKEx systems.

At approximately 4:30 AM EST on Feb. 28, the denial of service attacks resumed. This time Bitfinex was hit as well, as announced by the exchange’s Twitter account.

🗞 ‘You OK Boomer?’ Gold Sees Biggest Loss Since 2013 as Bitcoin Steadies

Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years.

According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013.

Gold drops 7% in 5 days after coronavirus sell-off
Over the past five days, gold broadly succumbed to the sell-offs affecting traditional markets due to the ongoing coronavirus outbreak. Between Feb. 24 and Feb. 29, XAU/USD lost a total of 7.3% before a slight rebound.

🗞 Bitfinex Completes Another $100M Loan Facility Repayment to Tether

Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether.

In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT).

Similarly to a previous repayment in July 2019, Bitfinex processed the transaction in fiat via wire transfer wired to Tether's bank account. According to the post, the payment has been made “all on account of principal,” while interest on all amounts due under the facility agreement has been prepaid up to March 2020.

🗞 How Will Bitcoin Cash's Halving Affect the 4th Largest Network?

“The positive effect on price of this year’s halving threatens to be derailed by the looming split in the chain over the developer tax.”

“BCH's hashrate will also halve, as 50% of miners will switch from BCH to BTC."

Bitcoin Cash (BCH), the fourth largest crypto network by market capitalization, is halving in April. Yes, much like its bigger brother, the Bitcoin-forked cryptocurrency will be cutting the block rewards it dispenses to miners by 50%, from BCH 12.5 (USD 4,073) to BCH 6.25.

But according to a variety of industry players, Bitcoin Cash's halving may not have much of an effect on its price. Still, there's likely to be changes to Bitcoin Cash's hashrate, or the computing power of the network, as a result of its halving occurring before Bitcoin's, while the ongoing dispute over a potential 'developer tax' could magnify the longer term economic impact of the halving.

🗞 Daily Crypto News, February, 29th💰

  • ROOBEE (ROOBEE)

"Guess the exchange to list $ROOBEE tokens in February!"

  • IOST (IOST)

"In Feb 2020, energy firms & local residents will use the power trading prototype based on IOST"

  • Ontology (ONT)

Testnet 1.0 (Red Dwarf) live.

  • Energi (NRG)

"... We are moving back the launch timeframe [of the Energi Gen3 smart contract platform] to the end of February 2020 or possibly sooner."

  • Chiliz (CHZ)

Socios available in the iOS appstore by the end of February.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

That has been again a day with lot of moves but the STEEM staid more quiet this time. We are still stayinh upper than the support line around 0.155$. We didn't even touch it while BTC did a new low around 8450$. So we can consider it as a positive day for the STEEM in a RED day for most of crypto. Let's see what will happen tomo !

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5 years ago
vlemon76
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