🗞 Daily Crypto News, April, 23rd💰
- Vitalik Suggests Raising Stake Rewards;
- Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% ;
- CFTC Chair Giancarlo Hints at What’s Holding Back Bakkt’s Bitcoin Futures;
- Early Spotify Investor Contributes to Blockchain Art Registry in $7 Mln Funding Round;
- An Interview With Congressional Hopeful James Felton Keith;
- 📑 Daily Crypto Calendar, April, 23rd💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Vitalik Suggests Raising Stake Rewards
Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20.
Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%. The current circulating supply of the coin is 105,764,762 ETH, which means that this amount of stacked ether is a theoretical maximum of sorts.
The proposal also estimates the annual return for various quantities of validating ether. For instance, if only 1 million ETH was staked with this configuration, validators would receive an annual return of 18.1%. The community on Reddit has reacted to the proposal seemingly well, with many defining the rates as more reasonable than the previous ones.
🗞 Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%
Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new World Bank 2019 report. However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.
Africans working abroad last year sent $46 billion to support families in their home countries. The money is often used to pay for education, buy food and clothes, start a business, build a house and cover daily living costs. Money sent from overseas is a vital tool of survival for many families in Africa’s often unstable economies.
“We process our remittance payments with a blend of traditional and personal insurance such as pooling, as well as using cryptocurrency,” Zoo elaborated. “Our fees are 1 to 3% so it’s significantly lower than those mentioned in the World Bank report. A lot of our clients are money transfer operators that actually move the money and we are the underlying technology or software behind what they do as well as being their foreign exchange provider.”
🗞 CFTC Chair Giancarlo Hints at What’s Holding Back Bakkt’s Bitcoin Futures
The Takeaway
Bakkt, the proposed bitcoin futures exchange, remains in regulatory limboCFTC Chairman Christopher Giancarlo wouldn’t discuss specific proposals, but his general comments about crypto regulation offer hints at the reasons Bakkt is languishing
Part of the problem appears to be the firm’s plan to custody its own bitcoin, and clear trades through its parent company’s clearinghouse
This proposal may present issues both in terms of regulatory jurisdiction and opposition from other clearinghouse participants
🗞Early Spotify Investor Contributes to Blockchain Art Registry in $7 Mln Funding Round
The blockchain-based art registry startup Artory has reportedly raised over $7 million in Series A funding round from an early Spotify investor among others. The development was announced by art-focused publication the Art Newspaper on April 22.
Artory — ledger of which enables users to trace provenance and title data, as well as record sales of works of art — has reportedly secured $7.3 million from a group of investors, including private investing firm 2020 Ventures, which backed Swedish audio streaming platform Spotify, American logistics company Postmates, and luxury goods resale platform The RealReal.
Nanne Dekking, the founder of the project, said that the funds will be allocated for further improvement of the registry’s data and development of the platform’s functionality. Dekking said that they are “are building something that has to be vetted, accurate and easily searchable to show the depth of information behind every artwork.”
🗞 An Interview With Congressional Hopeful James Felton Keith
James Felton Keith is the kind of guy who’s so clean-cut, it’s intimidating, from the sharply-pressed suit right down to the meticulously trimmed nails. He has delicate features, studied economics at Harvard, and is often known by his patrician initials: J.F.K.
But his origins, and frequently his demeanor, are a lot more hardscrabble than all that suggests. Keith, who is black, grew up in Detroit—we met there when he spoke at the RadicalxChange conference—before transitioning to New York. He considers the Big Apple home, and now he’s mounting a 2020 campaign to depose incumbent Adriano Espaillat in New York’s 13th Congressional District, which encompasses both Harlem and Washington Heights—a cultural spectrum Keith says he’s well-positioned to span.
📑 Daily Crypto Calendar, April, 23rd💰
BAT releases milestone 0.63.x, which includes a variety of features, around April 23.
"#ARK Core Update v2.3 will go live on April 23rd 2019 at 4pm UTC."
"We will be de-listing BWX due to an upcoming token swap on Tuesday April 23, 2019. Please cancel all orders before withdrawing."
DAPS trading competition on BitMart from April 23rd - May 7th.
Genesis 2019 conference in Toronto, Canada from April 23-24.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
It looks like the BTC is preparing for a possible Break Out, UP or DOWN, we will see in some hours. However, a UP Break Out will perhaps help us to finally break that resistance line at 0.43 that we are not able to stay uper more than some hours. Again I don't understand the importance gave by the market for that resistance line but we cannot ignore it.ave been a little bit too much optimist yesterday by enjoying the break of the resistance line at 0.43$. We had a little UP just after that break but the sellers came back powerfully and just destroy that line again within some hours. Everything has to be done again now… and we have even the risk to go test the support line in orange around 0.39$. Let's see friends…
Last Updates
- 🗞 Daily Crypto News, April, 22nd💰
- 🗞 Daily Crypto News, April, 19th💰
- 🗞 Daily Crypto News, April, 18th💰
- 🗞 Daily Crypto News, April, 17th💰
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