🗞 Daily Crypto News, November 14th 💰

• Global Blockchain Technologies announces $20m fund to invest in Steem SMTs
• One Zcash Mining Pool Controls Over 51% of the Network Hashrate
• CME’s Bitcoin Futures Market Could Give Teeth to Bitcoin Bears
• Mastercard Seeks Patent for Instant Blockchain Payments Processing
• Russia Has Found Best Location for Crypto Miners
• Trezor Wallet Will Integrate Bitcoin Gold As Major Platforms Reluctant to Show Support
• BTC Trading Update by @cryptopassion

🗞 Global Blockchain Technologies announces $20m fund to invest in Steem SMTs

Global Blockchain Technologies Corp. has announced a non-binding agreement to create a joint venture withSteemit Inc, to establish a $20m Steem Fund.

The Steem Fund is a venture capital fund for startups building solutions on the Steem blockchain to expand the decentralised social media ecosystem.

Global Blockchain Technologies Corp. CEO Rik Willard said:

"We're proud to be the first publically traded company to make a significant investment in the Steem ecosystem. No current open source and public blockchain protocol is more mature, scalable, and as rapid as Steem.
"We are convinced that traditional media companies from every corner will find that Steem's technology will be a better way to monetize and distribute existing content and future works."

CEO of Steemit Ned Scott said:

"Today's announcement makes the future for Steem brighter than ever. The Steem Blockchain is faster and already larger than the Bitcoin and Ethereum blockchains combined, and working with Global Blockchain Technologies Corp. is going to exponentially increase the number of applications built on Steem in an accelerated amount of time."

Read more & Source: http://www.ibtimes.co.uk/global-blockchain-technologies-announces-20m-fund-invest-steem-smts-1647127

🗞 One Zcash Mining Pool Controls Over 51% of the Network Hashrate

Cryptocurrency’s mining aspect can be both a blessing and a curse. More specifically, we all know Bitcoin has a centralization problem when it comes to mining. Unfortunately, it seems Zcash has a similar problem right now, with one pool controlling over 50% of the network hashrate. It is unclear why miners aren’t switching over, as there are plenty of other pools to choose from. Then again, everyone wants a good chance of making money, which means joining a big pool.

Read more & Source: https://themerkle.com/one-zcash-mining-pool-controls-over-51-of-the-network-hashrate/

🗞 CME’s Bitcoin Futures Market Could Give Teeth to Bitcoin Bears

One of the reasons that long-only investors have succeeded in the Bitcoin market is that there is no effective way to short large amounts of Bitcoin. All that could change in a month's time if CME launches its Bitcoin futures.

However, Bitcoin investors might be missing the point. The launch of Bitcoin futures would provide bears with a means to short large quantities of Bitcoin; something which they cannot effectively do today.

Speaking to CNBC, Terry Duffy, the Chairman and CEO of CME said:

"Today you cannot short Bitcoin. So there's only one way it can go. You either buy it or sell it to somebody else. So you create a two-sided market, I think it's always much more efficient."

Read more & Source : https://cointelegraph.com/news/cmes-bitcoin-futures-market-could-give-teeth-to-bitcoin-bears

🗞 Mastercard Seeks Patent for Instant Blockchain Payments Processing

New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times.

As the application details:

“There is a need for a technical solution where a payment transaction can be guaranteed in a manner that is readily verifiable by an acquiring financial institution and/or merchant, and where the guarantee can be used in conjunction with multiple types of payment instruments as well as multiple transaction types, including e-commerce transactions.”

Read more & Source : https://www.coindesk.com/mastercard-patent-filings-detail-blockchains-use-speeding-payments/

🗞 Russia Has Found Best Location for Crypto Miners

The Russian Association of Blockchain and Cryptocurrency has conducted a study to determine the best location for cryptocurrency mining in the country. The best region found is a major transport and distribution center as well as a transit hub with cheap electricity. Currently, there are very little crypto mining activities in that area.

Read more & Source : https://news.bitcoin.com/russia-best-location-crypto-miners/

🗞 Trezor Wallet Will Integrate Bitcoin Gold As Major Platforms Reluctant to Show Support

Trezor, makers of one brand of hardware wallet, revealed that the source code of Bitcoin Gold (BCG) has been released and that the Trezor wallet will add support for the currency in the upcoming weeks.

Read more & Source : https://cointelegraph.com/news/trezor-wallet-will-integrate-bitcoin-gold-as-major-platforms-reluctant-to-show-support

BTC Trading Update by @cryptopassion

As I was explaining you yesterday, we have to break the 2 current resistance lines of the triangle to be able to continue the UP trend :

We have 2 main scenarios possible :

• We are able to break it soon and we will try after to test the previous TOP
• We failed to break the 2 lines them and we will go back to test the support line in red.

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