🗞 Daily Crypto News, May, 8th💰

in #cryptocurrency6 years ago

  • EOS Revisited: Investors Are Taking Another Look at the Longest-Running ICO ;
  • Binance CEO Calls ICOs Necessary And ‘100 Times Easier Than Traditional Venture Capital’ ;
  • South Korean Top Regulator Considers Easing Cryptocurrency Regulations ;
  • The Blockchain Economy Is the Result of Political and Social Realities: An Interview with James Haft of CryptoOracle ;
  • Norwegian Court Rules Nordea Bank Can Close Account of Crypto Exchange ;
  • Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis ;
  • 📑 Daily Crypto Calendar, May, 8th💰
  • STEEM Trading Update by @cryptopassion

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

🗞 EOS Revisited: Investors Are Taking Another Look at the Longest-Running ICO

Another blockchain for smart contracts?

As surprising as it might sound, there's a respect for incumbency even in the world of cryptocurrencies. As such, when the upstart EOS protocol launched last year with the ambition of improving on innovations like ethereum (themselves just a few years old), incredulity was in ample supply.

Intervening months haven't exactly helped this perception. But despite the skeptical experts, not to mention the very public derision of talk show host John Oliver, the EOS project has raised more than $2 billion in ether from the sale of EOS tokens, which will power its forthcoming network.

Read more & Source: https://www.coindesk.com/eos-revisited-investors-taking-another-look-longest-running-ico/

Binance CEO Calls ICOs Necessary And ‘100 Times Easier Than Traditional Venture Capital’

“Through my own experience, and watching hundreds of other projects at a close distance, I would say raising money through ICOs is about 100 times easier than through traditional VCs, if not more. With the ease of raising money increased, logic says there may be 100 times more startups, well-funded startups, where ICOs are allowed.”

Read more & Source: https://cointelegraph.com/news/binance-ceo-calls-icos-necessary-and-100-times-easier-than-traditional-venture-capital

🗞 South Korean Top Regulator Considers Easing Cryptocurrency Regulations

The main regulatory body of cryptocurrencies in South Korea has a new chief who has just been approved by the country’s president. He is a known “activist and reformist” and has reportedly announced that he will consider relaxing crypto regulations to help businesses grow in this sector.

Read more & Source: https://news.bitcoin.com/south-korean-regulator-cryptocurrency-regulations/

🗞 The Blockchain Economy Is the Result of Political and Social Realities: An Interview with James Haft of CryptoOracle

There’s a strong sense of community in crypto, whether it’s troubleshooting wallet setup, collaborating on GitHub, or answering the questions of interested and skeptical friends. All of these daily interactions happen on a micro level and are mostly about making money. James Haft, co-founder of New York-based CryptoOracle, is a modern-day Rousseau, focused on blockchain technology’s role in reshaping economies and society. In this exclusive interview, we’ll get into the philosophical motivations behind decentralization and its impact.

Read more & Source: https://themerkle.com/the-blockchain-economy-is-the-result-of-political-and-social-realities-an-interview-with-james-haft-of-cryptooracle/

🗞 Norwegian Court Rules Nordea Bank Can Close Account of Crypto Exchange

A Norwegian district court has ruled in favor of Norway’s largest bank against a local cryptocurrency exchange. The court says the bank has full rights to close the account of the exchange, citing money laundering risks and criminal activities associated with bitcoin trading.

Read more & Source: https://news.bitcoin.com/norwegian-court-rules-nordea-bank-close-account-crypto-exchange/

🗞 Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 07

The question whether the American regulators classify Ethereum as a security or not is taking center stage because it might have serious ramifications on the crypto world. Though it is not a decision that will be made in a hurry, still, the news will be keenly watched because of its possible widespread impact.

Read more & Source: https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-iota-eos-price-analysis-may-07

Daily Crypto Calendar, April, May, 8th

  • WAX (WAX)

WAX will be at LA Games Conference in Los Angeles, CA.

  • Hydrogen (HYDRO)

"We are starting our Ion API (auto-machine learning) tests this week. We have hundreds of data scientists that already signed up."

  • SIRIN LABS Token (SRN)

"The FINNEY tech specs are 99% completed. We... will be releasing them to the community in 2 weeks."
"We are working out the final details with FIH (Foxconn International Holding) and will be releasing them to the community in 2 weeks."

  • Syndicate (SYNX)

Syndicate will be upgrading their blockchain to a new Proof-of-Stake 3.0 with masternode consensus mechanism and blockchain.

  • Switcheo (SWH)

"Co-founder and CCO, Jack Yeu, will be at JW Marriot in China (Hangzhou) as part of Asia tour with partner company, Open Platform."
Testnet live on May 8th, and the mainnet will be launched soon after. Upgrades: Immediate trade confirmations, public bot API, deposit flow.

Read more & Source: https://steemit.com/bitcoin/@vlemon/daily-crypto-calendar-may-7th

Sources: Coincalendar.info, Cryptocalendar.pro, Coinscalendar.com, CoinMarketCal

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

As you can see, the break of the support line at 3.65$ has been validated and it creates immediatly a big red candle. We have now a pause in the drop and the BTC is helping us to do a little bounce.

My first objective for that bounce is to go back test the line that we just broke at 3.65$. If we can go higher than this line, it could be interpret as a very nice bull indicator. Let's see what will happen in the coming hours, the momentum is very interesting for the future trend which will take place.

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EOS is within a months time now. I remember when the ICO started. Insane how much things change. Who else has been followings it’s journey?

I did... Unfortunately did not hold all the way. Otherwise I'll be on a little island having mojitos...

EOS is an amazing project, definitely holding EOS for long-term @vlemon

Amen ! Couldn't agree more. Mooning very soon.

Can't wait! get your jetpack haha @vlemon

You have a minor misspelling in the following sentence:

65$ has been validated and it creates immediatly a big red candle.
It should be immediately instead of immediatly.

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