🗞 Daily Crypto News, December, 4th💰

in #cryptocurrency • 5 years ago

  • Crypto Winter Is Here and We Only Have Ourselves to Blame ;
  • $35 Million: Sequoia, Baidu Back Turing Award Winner’s Blockchain Project ;
  • Korean Incoming Minister Confirms Crypto Taxation Plans ;
  • G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting ;
  • 29% of Freelancers Want to be Paid in Crypto ;
  • 📑 Daily Crypto Calendar, December, 4th💰
  • STEEM Trading Update by @cryptopassion

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

🗞 Crypto Winter Is Here and We Only Have Ourselves to Blame

I have a friend who has made a significant fortune out of bitcoin. He is one of those enthusiasts who happily hands out the cryptocurrency to others in the interest of spreading adoption.

All of that is good. However, one thing has always infuriated me: his boasts, especially last year, that he was spreading belief in bitcoin because the small amount he’d distributed to random people over the years was now worth X times more in dollar terms. He loved it, he said, when they’d call to thank him.

Why on earth would I have an issue with this generosity of spirit? Because it perpetuated a narrative that speculative gains, measured in fiat currency terms, was bitcoin’s core value proposition for the world.

🗞 $35 Million: Sequoia, Baidu Back Turing Award Winner’s Blockchain Project

A group of university professors and researchers including a Turing award winner have raised $35 million for a non-profit foundation that will support the development of a new blockchain network.

Announced Tuesday, the Conflux Foundation is registered in Singapore and will use the proceeds to fuel work on its network. Backers include venture capital firms Sequoia China and Baidu Ventures, crypto mining firm F2Pool and exchange Huobi, as well as Metastable and IMO Ventures.

With the new capital, the foundation said it’s now looking to expand its 10-person development team. The goal: roll out a testing environment in February and officially launch a new public blockchain around the third quarter of next year.

🗞 Korean Incoming Minister Confirms Crypto Taxation Plans

South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules.

🗞 G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting

The pledge came amid a broader section on building “an open and resilient financial system,” which the document noted “is crucial to support sustainable growth,” stating:

“We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system; and, through continued regulatory and supervisory cooperation, address fragmentation. We look forward to continued progress on achieving resilient non-bank financial intermediation.”

🗞 SteemFollower a Great Tool to Have Fair Upvotes !

29% of Freelancers Want to be Paid in Crypto

P2P platform Humans.net has commissioned a survey into the payment preferences of American freelancers. It quizzed 1,100 U.S. citizens to determine their amenability to being paid in bitcoin or other cryptocurrencies, with 18 percent expressing a clear preference for digital currency payments over fiat currency. Among those questioned were self-employed professionals such as tutors, designers and developers.

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📑 Daily Crypto Calendar, December, 4th💰

  • General Event (CRYPTO), Endor Protocol (EDR), NeosCoin (NEOS), Polymath (POLY), XRP (XRP), Smartlands (SLT)

FinTech Connect 2018 in London from December 5-6.

  • Ambrosus (AMB)

At the meetup Ambrosus will explore the use-cases of AMB-NET and will also showcase its technology in action, featuring blockchain and apps.

  • General Event (CRYPTO)

Digital Asset Investment Forum at St. Regis in Washington DC.

  • General Event (CRYPTO)

Latin American Bitcoin & Blockchain Conference will be in Santiago de Chile. 5-8 of December.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

image.png

Here is the current chart :

image.png

We did a last test of the resistance line just before starting a new drop on the STEEM. This test was expected but I was hoping we could perhaps break that resistance line. So as explained yesterday, we should now go test the previous low on the STEEM and we have a high risk to break it... Let's see.

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5 years ago in #cryptocurrency by
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    • [-]
     5 years ago 

    Capitulation in any market is a very virtuous thing. You find out who is really in it for the long haul.

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    [-]
     5 years ago 

    Indeed but everyone prefers Bull Markets 😀

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    [-]
     5 years ago 

    I like bull markets, but I also like phases of accumulation. Picking up dirt cheap hated assets that are later all the buzz.

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    [-]
     5 years ago 

    I am now waiting to hear some good news from this space.....Almost a year...ufff 😃😃

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    [-]
     5 years ago 

    Indeed, crypto depression ^^

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      [-]
       5 years ago (edited)

      Um...ok. That Korean news? It may be right, but South Korea keeps giving North Korea crypto to financially support that country. So....does this mean South Korea will tax itself for using/earning crypto? Interesting question.

      [-]
       5 years ago 

      Are you sure about South Korea helping North Korea through cryptos ? It sounded very weird

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      [-]
       5 years ago 

      Hello @vlemon. This is news that never made it out of S.Korea. It never got translated into English, and so if you google it, it isn't there. However, if you "naver" it in Korean, or if you go to youtube in Korean, it is plastered everywhere. There probably isn't one South Korean who does not know about this issue, yet it is still kept under the hat from the general public.

      This is the real story. I am telling you straight from Korean to English. On around December 11~13, 2017, Kim Jung Un, the Northern Dictator, bribed and begged South Korean President Moon for 80 trillion Won (at the time, the value of about 80 million USD). Kim jung un's deal was... If you give me 80 trillion Won, I will stop making missiles and I will let you come meet me and we can talk. We will reunite. In return, you will be awarded the Noble Peace Prize, and Trump will sign the papers./ Moon thought and fell into the temptation. He had some of his men staying in the Middle East send the money (which was caught by the South Korean FBI. I can't confirm whether the money transaction went through, but I am assuming it did. Later you can see.)
      No one certainly sends 80 million USD in cash through a bank to North Korea! That's illegal. It's too easy to get caught. It had to have been sent through cryptocurrency. The deal was done. Does December of 2017 ring a bell in the crypto world? Coincidence? Who knows.

      So, the plan went as planned. Everyone met, Peace talks went well, DMZ Border taken down, free air space, and train tracks built to join the two countries.

      First, i will put a link to the most current news (about 5 hours old at the time of my posting) luckily it is in English for you. The scary thing is what the reporter said at the very end. The date given was December 17th 2018. It's so near.

      Arirang News

      Second, I will post some links about the bribery. (It's in Korean, but you can reconfirm with any korean you know on this).

      Just copy and paste this -> 80조 북한
      in youtube and you can see video after video on it. I just feel like something is up. Big crypto being moved around now. Market unstable.

      In my opinion, (and this is just my opinion) the two koreas need crypto to unify their money, the Won). That's why they need crypto. 1.It isn't a coincidence that South Korea has one of the strongest influences in the cryoto market. 2. It isn't a coincidence that North Korea does most of the Monero mining.

      Good day, sir.

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        [-]
         5 years ago 

        I am here in the midst of it all, so I can see a little better. Soon, you will see things start to unravel. I sure hope I am all wrong. I want to be wrong.

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          [-]
           5 years ago (edited)

          Here is a video with enough English in it to understand.


          Why would N.Korea hack and steal crypto if they are not involved with earning and hodl-ing it?

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            [-]
             5 years ago 

            Hi @vlemon!

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            Your UA account score is currently 4.735 which ranks you at #1467 across all Steem accounts.
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