🗞 Daily Crypto News, July, 4th💰steemCreated with Sketch.

in bitcoin •  4 months ago 


  • Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us ;
  • Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact ;
  • Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021 ;
  • ‘Release the Tape!’: Nouriel Roubini Calls for BitMEX CEO Debate Video ;
  • US Congress Requests Moratorium on Facebook’s Libra Stablecoin ;
  • 📑 Daily Crypto Calendar, July, 4th💰
  • STEEM Trading Update

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


🗞 Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us

Facebook’s David Marcus is pushing back against concerns about the social media giant’s new cryptocurrency project, Libra.
In a note published Wednesday on Facebook, Marcus addressed “a number of questions and a few misunderstandings” about the project.


The social media giant’s blockchain lead also confirmed he would be testifying before both the Senate Banking Committee and the House Financial Services Committee on the project later this month.


In Wednesday’s post, Marcus sought to address a number of issues that have been raised by lawmakers and informed observers alike, including whether Libra is actually decentralized, why there isn’t a charter in place for the Libra Association and whether Libra can actually address financial inclusion.

🗞 Bitcoin Rallies $2K in 24 Hours But Price Hurdles Remain Intact

View


Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600.


The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880.


Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours, validating the bearish crossover of the 5- and 10-day moving averages.

🗞 Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.


BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.


Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.

Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.


Changpeng Zhao, founder and CEO of Binance, said in the announcement:


“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”

🗞 ‘Release the Tape!’: Nouriel Roubini Calls for BitMEX CEO Debate Video

NYU professor and noted anti-cryptocurrency economist Nouriel Roubini exploded online last night after a debate with Arthur Hayes, CEO of BitMEX, at the Asia Blockchain Summit in Taipei. The debate, called the “Tangle in Taipei,” was allegedly not streamed live at the behest of the organizers and and Roubini wasn’t having it.

Hayes, for his part, shot back at the economist, further enraging Roubini.

🗞 US Congress Requests Moratorium on Facebook’s Libra Stablecoin

The United States House of Representatives Committee on Financial Services requested Facebook and its partners to stop the development of the Libra stablecoin.


In a July 2 letter addressed to Facebook CEOs Mark Zuckerberg and David Marcus, and COO Sheryl Sandberg, the lawmakers request that Facebook and its partners immediately agree to a moratorium on the development of Libra and its dedicated Calibra wallet.


The committee claims that the project may lead ”to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar.” The committee notes that it believes such an endeavor could have serious implications:


”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook's over 2 billion users, but also for investors, consumers, and the broader global economy.”

📑 Daily Crypto Calendar, July, 4th💰

Equal (EQL) will be listed on Binance DEX on 4th July 2019.

100 KBC can be exchanged for 1g of gold.

"Join us together on the evening of 4 July with Cardano Foundation members!"

Japanese language support for the iOS wallet will be released.

"Join us for the IOTA Barbecue Satellite TOA Event in Hafenküche July 4 at 6PM."

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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

We can clearly see that the 0.34$ became an important point on the STEEM chart as support but also as resistance. As I was supposing yesterday, the support line has not really been broken and the market decided to save it some hours after the little break. You can see now that we are upper of that line so let's see if a bigger candle will come in the coming hours to confirm that we saved that support line.

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