🗞 Daily Crypto News, March, 12th💰
- Barclays Analyst Predicts Billions in Additional Revenue From ‘Facebook Coin’ by 2021 ;
- Blockchain ETF Launches On London Stock Exchange Today;
- The SEC’s Crypto Czar Is Hitting the Road – And She Wants to Meet You ;
- A Bitcoin Bull Market Is Still $350 Away;
- Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform;
- 📑 Daily Crypto Calendar, March, 12th💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Barclays Analyst Predicts Billions in Additional Revenue From ‘Facebook Coin’ by 2021
Facebook’s own cryptocurrency, if launched, could potentially generate $19 billion in additional revenue by 2021, CNBC reports on March 11.
Barclays internet analyst Ross Sandler wrote in a client note that a cryptocurrency could establish a new revenue stream for Facebook, aiding its share price that tanked amid a series of high-profile scandals last year.
In his forecast, Sandler pointed out that the crypto-based revenue option is something “sorely needed at this stage of the company’s narrative,” stressing that any advertising-free revenue streams are likely to be well-perceived by Facebook’s shareholders. Sandler said that his more conservative revenue estimate for the new coin is $3 billion.
🗞 Blockchain ETF Launches On London Stock Exchange Today
Independent investment management firm Invesco has partnered with digital asset investment firm Elwood Asset Management to launch a <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
">blockchain exchange-traded fund (ETF) on the London Stock Exchange. The goal of the ETF is to invest in constituents of the Elwood Blockchain Global Equity Index and, in this way, contribute to the performance of the index as a whole.
The ETF, dubbed the Invesco Elwood Global Blockchain UCITS ETF, was first listed on the London Stock exchange on Friday, March 8, and, according to an article in the Financial Times, started trading today, March 11. The blockchain ETF is issuing 500,000 shares with a net asset value of $20 million, meaning individual shares are valued at $40. (They carry an annual management fee of 0.65 percent.)
🗞 The SEC’s Crypto Czar Is Hitting the Road – And She Wants to Meet You
The U.S. Securities and Exchange Commission (SEC) is going on tour in hopes of meeting with crypto entrepreneurs who otherwise might not engage with the regulator.
FinHub, the SEC’s branch dedicated to interacting with tech startups, posted a notice last week that it would be visiting major U.S. cities, allowing individuals or teams to set up face-to-face meetings with agency staffers to ask questions or provide feedback about issuing tokens or other issues under the regulator’s purview.
🗞 A Bitcoin Bull Market Is Still $350 Away
Bitcoin has established a higher low near $3,300 in the last two months, signaling bearish exhaustion.
However, a break above the Christmas Day lower high of $4,236 is needed to confirm a bearish to bullish trend change.
Bitcoin (BTC) needs to climb at least anther $350 to confirm a long-term bullish reversal, technical charts suggest.
🗞 Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform
Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11.
Medici Ventures has purchased a 5.1 percent stake in Bankorus, a blockchain banking platform that enables both individuals and institutions to buy, sell, lend and store digital assets. Jonathan Johnson, president of Medici Ventures, said that “the addition of Bankorus to Medici Ventures’ portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society.” The financial details of the acquisition were not forthcoming.
📑 Daily Crypto Calendar, March, 12th💰
"In order to increase VexGift users to tenfold or around 250.000 active users until Q2 2019 (for now VexGift users is around 23.000 users)."
Snapshot of the ETH blockchain at approximately 12 PM (UTC - 8) for upcoming Theta mainnet token swap and 1:5 Theta Field distribution.
Hard fork activation deadline.
Horizen meetup in Sydney, Australia from 6-8 PM.
Preperation for Governance and Guardian Masternodes.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
After the big UP on the STEEM yesterday and the current correction on the BTC, STEEM is doing also a consolidation. Till now, there is no drama as we could even touch the support line in blue without damaging the current UP trend. So A touch on that line is possible and even usual but we must have a bounce from it if it happens. Let's see what will be the reaction if we touch it.
Last Updates
- 🗞 Daily Crypto News, March, 11th💰
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