🗞 Daily Crypto News, May, 17th💰

vlemon (76)in #cryptocurrency • 6 years ago (edited)

The SEC Just Launched a Fake ICO Website to Educate Investors;
Investment Platform Etoro Launches in the US with 10 Cryptocurrencies ;
Forget Bitcoin, These Altcoins Are Leading the Way in Merchant Adoption ;
Twitter CEO Jack Dorsey Reaffirms Bullish Future on Bitcoin, Crypto as Global Payment ;
“Stablecoin” Trueusd Pumps After Binance Listing ;
📑 Daily Crypto Calendar, May, 17th💰
STEEM Trading Update by @cryptopassion

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

🗞 The SEC Just Launched a Fake ICO Website to Educate Investors

The U.S. Securities and Exchange Commission wants to ensure investors can identify fraudulent initial coin offerings - even if it has to launch its own to do so.

"HoweyCoins utilize the latest crypto-technology to allow travelers to purchase all segments without these limitations, allowing HoweyCoin users to buy, sell, and trade in a frictionless environment - where they use HoweyCoins to purchase travel OR as a government-backed, freely tradable investment - or both!"

Investment Platform Etoro Launches in the US with 10 Cryptocurrencies

Social trading platform Etoro is expanding into the US. Pre-registration has already begun. Initially, 10 cryptocurrencies will be offered, but the company plans to add more throughout the year. The company’s crypto business has boomed in recent years, with 70% of its users reportedly trading cryptocurrencies.

🗞 Forget Bitcoin, These Altcoins Are Leading the Way in Merchant Adoption

Since its inception, one of the major goals of the cryptocurrency community has been the adoption of Bitcoin as a payment method for goods and services. As it stands now, consumers can use Bitcoin across a number of industries to purchase everything from real estate, to PCs, to pizza. However, Bitcoin’s high transaction costs, deflationary nature, and full transparency represent some of the shortcomings that prevent Bitcoin from seeing widespread merchant adoption.

🗞 Twitter CEO Jack Dorsey Reaffirms Bullish Future on Bitcoin, Crypto as Global Payment

Twitter and Square Inc. CEO Jack Dorsey expressed optimism about cryptocurrency’s role in the future of payments, saying that “the internet deserves a native currency” and “it will have a native currency,” Bloomberg reports May 16.

“This technology is a fundamental shift to our world and can have so many positive outcomes. We have to do the work to educate regulators and educate the SEC why this technology is important.”

🗞 “Stablecoin” Trueusd Pumps After Binance Listing

It’s customary for cryptocurrencies to pump after securing a Binance listing. Every week a handful of tokens enjoy the “Binance bounce”, gaining as much as 50% in a matter of hours. Trueusd (TUSD) was meant to be different though. It’s a stablecoin whose job is to stay as close to the US dollar as possible. And yet, when Binance announced that it was adding TUSD, the unthinkable happened.

Daily Crypto Calendar, April, May, 17th

Hydrogen (HYDRO)

During New York Blockchain week, the team behind the Hydro blockchain will be hosting a Shark Tank style event, blockchain edition.

Humaniq (HMQ)

"We held a major competition for blockchain-based projects... private screening of the full Humaniq Challenge story is coming up...."

Dimecoin (DIME)

Unknown Announcement. There's countdown on the website.

Ethereum (ETH), Status (SNT)

"Status.im presents: "The window to Ethereum Blockchain," from from 11:30 AM to 3:00 PM (CDT) in Mexico City.

Bytom (BTM)

Bytom (BTM)

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 :

It is very interesting to see how sometimes the altcoins can have their own moves and how sometimes we have very similar moves on Bitcoin and Altcoins.

The STEEM has also broke a support line at 2.85$ and exactly as the Bitcoin, we have in formation a pattern in triangle. That triangle should give us a Break Out soon but impossible to know which will be the direction. Let's just hope a UP break which will allow us to come back higher than this support line.