🗞 Daily Crypto News, April, 24th💰steemCreated with Sketch.

in bitcoin •  5 months ago 


  • Bitcoin Price Sees First ‘Golden Crossover’ Since 2015;
  • The Ethereum Name Service Is Turning Nearly 300,000 .ETH Domains Into NFTs ;
  • IBM Issued Patent for DLT-Supported Data Sharing and Validation ;
  • French Lender Societe Generale Issues $112 Million Bond on Ethereum;
  • Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year ;
  • 📑 Daily Crypto Calendar, April, 24th💰
  • STEEM Trading Update

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


🗞 Bitcoin Price Sees First ‘Golden Crossover’ Since 2015

Bitcoin’s daily chart is reporting a “golden crossover” – a bull cross of the 50- and 200-day moving averages – for the first time since October 2015. The crossover represents a long-term bearish-to-bullish trend change.


A convincing close today above $5,466 (April 10 high) would establish another bullish higher high and boost the prospects of a rally to $6,000.


That rally, however, may be preceded by consolidation or price pullback, as the golden crossover is accompanied by the overbought readings on the relative strength index and a neutral long/short ratio.


The case for a pullback to $5,000 would strengthen if the price fails to close (UTC) today above $5,466 (April 10 high).


🗞 The Ethereum Name Service Is Turning Nearly 300,000 .ETH Domains Into NFTs

An effort to build a domain name system on top of the ethereum blockchain network is gearing up for a major upgrade early next month — and the project’s developers are urging stakeholders to prepare.


At the heart of the upgrade is the replacement of the Ethereum Name Service’s registrar, with the goal of vastly speeding up the process of registering .eth, .xyz, and .lux domain names. What’s more, names registered on the ENS will be treated as non-fungible tokens (NFTs), allowing them to be bought and exchanged like similar kinds of tokens on the ethereum network.


During an April 16 blog post, Ethereum Name Service (ENS) lead developer Nick Johnson wrote that registered domain users have one year after May 4 to migrate their domain to a new registar that is replacing the existing one.

🗞 IBM Issued Patent for DLT-Supported Data Sharing and Validation

Tech giant IBM has been awarded a patent for a mobile data sharing method that uses distributed ledger technology (DLT), according to documents published by the United States Patent and Trademark Office (USPTO) on April 23.


The product described in the filing represents a continuation of U.S. patent application filed in November 2017 entitled “Information Sharing Among Mobile Apparatus.” IBM proposes a method executed by a mobile apparatus to verify information that has been shared between two devices.


In detail, the platform can collect specific information and deliver it to nearby computing nodes, with subsequent publishing of a verified incident event on a distributed ledger. The collected data is further used to map information updates.

🗞 French Lender Societe Generale Issues $112 Million Bond on Ethereum

French financial services giant Societe Generale Group has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain.


Announced today, a subsidiary called Societe Generale SFH used the OFH token (obligations de financement de l’habitat, or home financing obligations) to represent 100 million euros of covered bonds, a type of security that is backed by specific assets but remains on the issuer’s balance sheet.


However, according to a report published Tuesday by bond rating agency Moody’s Investors Service, Societe Generale was “the sole investor,” meaning the firm issued the securities to itself and no outside buyers were involved.

🗞 Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year

Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

In 2017, cryptocurrency markets were extremely popular among South Korean traders and numbers that year definitely outshone the recent KOFIA poll published this week. According to another survey, one third of South Korean workers were crypto investors in 2017 but the average investment was less at $5,260 per investor. Another difference between then and now was the amount of younger (20s and 30s) South Korean investors was about 80% of the respondents polled. At the time, the South Korean won captured a third of the world’s crypto trade volume in 2017 behind the USD and JPY. Today the currency is still usually a top five trading pair, according to data from sites like Coinlib.io and Cryptocompare.

📑 Daily Crypto Calendar, April, 24th💰

"We will be holding a Q-Gas and IOU AMA in our main Telegram channel (https://t.me/qlinkmobile) on April 24, 7 PM HKT."

"The next Virtual Happy Hour will be on 4/24, 9:30PM-11:30PM (PST)!"

"Join @BlockchainSeatt's April Meetup, co-hosted with @codefellows tomorrow at 6 PM (PST)."

The PACE Tour heads to Zurich for a hackathon with the Jaguar I-PACE, a presentation by Streamr, and a collaborative workshop.

"... We will have all ALA Reclaim payouts completed."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So yeah it was expected even I was trying to stay optimist... After the break of the support line around 0.43$, the next objective was to go test the next support, the orange line around 0.39$. This is now done and the market is really trying to break that line so I'm not sure we won't have a break quiet soon and an acceleration with the drop. Courage dera holders, it will be the time of the altcoins also...

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The additional cryptocurrency news is that Crypto.com is conducting a holding competition on kucoin accounts with the highest amount of CRO tokens. Details in here; https://www.kucoin.com/news/en-cro-holdings-competition-2000000-cro-to-give-away

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