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🗞 Daily Crypto News, October, 5th 💰

76
5 years ago
in#steem

  • Bitcoin Is 2019’s Best-Performing Asset, Even After Recent Price Downturn ;
  • Altcoins See Mild Gains While Bitcoin Hovers Around $8,100 ;
  • Update: PayPal Officially Pulls Out of Libra Association ;
  • DTCC Pushes Back Blockchain Project to Avoid Brexit Complications ;
  • ‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators ;
  • 🗞 Daily Crypto News, October, 5th 💰
  • STEEM Trading Update

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

🗞 Bitcoin Is 2019’s Best-Performing Asset, Even After Recent Price Downturn

The Takeaway

Bitcoin prices have more than doubled in 2019, far outpacing the 31 percent return for U.S. tech stocks, which Goldman Sachs deems the best-performing asset class year-to-date.

Outsize returns could attract interest from big investors in the yield-starved traditional financial markets.

Executives at data firm Messari say bitcoin prices, currently around $8,200, could rally to a new high in the year’s remaining months, topping the $12,902 level reached in June.

🗞 Altcoins See Mild Gains While Bitcoin Hovers Around $8,100

Friday, Oct. 4 — The top-20 crypto markets are solidly in the green, with just a few reporting mild losses, according to data from Coin360. Bitcoin (BTC) has been trading sideways after its slump from $8,400 to $8,100.

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The price of BTC has remained in a narrow corridor between $8,009 and $8,314 today, the price points which mark the low and the high of the leading crypto on the day. At press time, BTC is trading at around $8,131, up a modest 0.31% and trying to keep in the green.

🗞 Update: PayPal Officially Pulls Out of Libra Association

Payment processor PayPal has officially left the Libra Association, the governing body of Facebook’s Libra digital currency.

Libra “Pre-work” is not enough for PayPal

As news agency Financial Times reported on Oct. 3, PayPal did not attend a meeting of 28 Libra backers on Thursday.

🗞 DTCC Pushes Back Blockchain Project to Avoid Brexit Complications

The Depository Trust & Clearing Corporation (DTCC) has pushed back the release of its blockchain-based post-trade system for derivatives by several months, in part because of complications created by Brexit.

The official line from the U.S. central securities depository (CSD) is that the delay, which has not been previously reported, is to allow for additional testing of the revamped trade information warehouse (TIW).

A spokesperson for the DTCC told CoinDesk:

“The project is progressing well. DLT and cloud development have been completed and we continue to conduct in-depth industry-wide testing with our clients, vendors and technology providers. However, to ensure that this technology is implemented in a measured, prudent and most secure manner, we have allocated additional months for testing, to ensure that firms are 100 percent ready.”

🗞 ‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators

The Takeaway

Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state.

Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has been unable to verify the existence of the mine the company says produced the gold.

Before it entered the crypto space, Karatbars sold gold products online through an affiliate marketing system that regulators in three countries warned the public to avoid.
CoinDesk interviewed three of Karatbars’ current “affiliates,” who said they passionately believe in the company and its tokens.

🗞 Daily Crypto News, October, 5th 💰

  • Binance Coin (BNB), Celer Network (CELR), Cocos-BCX (COCOS), Matic Network (MATIC)

"Game Oasis Hackathon is a global gaming hackathon co-hosted by Binance Labs, Matic Network, Cocos-BCX, Celer Network, Marlin Protocol..."

  • Ontology (ONT)

Join Andy Ji of OntologyNetwork for talks on “Ticket to Noah's Ark – Ontology's Solution to Overcoming the Barriers of Ecosystem Growth”.

  • Bitcoin Fast (BTCF)

First developer update of Bitcoin Fast will be shared.

  • Utrum (OOT)

Crypto Playbook for community reviews is releasing new feature Crypto Rankings based on marketcap, social followers and developer.

  • Energi (NRG)

"Earndrop Portal will be CLOSING at 1 AM PST Saturday 5, October 2019 Please complete your tasks before then."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

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Here is the current chart :

It was a nice day today for the STEEM as we are continuing to progress in the direction of the resistance line at 0.155$. I'm targetting this line since days now and till now I have been right. If we don't have a bad surprise, we should touch this line during the week end but the important point is to see what will be the reaction of the market when we will touch it. Will it be a rejection or will we break that resistance line?

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Last Updates

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5 years ago
vlemon76
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