🗞 Daily Crypto News, June, 3rd💰steemCreated with Sketch.

in bitcoin •  3 months ago 


  • Maxwell, Wuille Co-Author Proposal for a Big Boost to Bitcoin’s Bandwidth ;
  • EOS Holders Vote to Reduce the Annual Inflation From 5% to 1% ;
  • Why Bitcoin’s ‘Culture War’ Matters ;
  • OKEx Sister Firm OKLink to Launch USD-Pegged Stablecoin USDK ;
  • Binance DEX Will Geoblock Users From 29 Countries, Including the US ;
  • 📑 Daily Crypto Calendar, June, 3rd💰
  • STEEM Trading Update

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


🗞 Maxwell, Wuille Co-Author Proposal for a Big Boost to Bitcoin’s Bandwidth

A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%.


cointelCalled Erlay, the proposed protocol alters the way transactions are relayed so that they use significantly less bandwidth, an important resource for the nodes that make up the network. The authors include The University of British Columbia researcher Gleb Naumenko as well as two bitcoin development heavy-weights: Greg Maxwell and Pieter Wuille.


The way bitcoin works is that nodes across the world tie together to form a network. Under the hood, once a transaction is broadcast, it ripples through this vast network of hardware.

🗞 EOS Holders Vote to Reduce the Annual Inflation From 5% to 1%

EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority.


According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms.


The original purpose of accumulating funds on the aforementioned account was allegedly to have the community vote on how to spend it or even burn it. Still, the proposal claims:


“However, 8 months have past and there is still no defined use for this large quantity of EOS tokens that continues to flow into the eosio.saving account. This large quantity of accumulated tokens has now become excessive and if we continue to allow it to keep growing, it will eventually become an attack vector for the network.”

🗞 Why Bitcoin’s ‘Culture War’ Matters

Let’s talk about bitcoin, toxicity and inclusiveness.


(Boy, my Twitter feed is going to have fun over the next few days.)


To start with, let me take a position: I stand with those people, especially women, who’ve lately been calling out maltreatment from members of the bitcoin community and citing rude and abusive behavior as proof of that community’s lack of inclusiveness. These are people who believe in cryptocurrency technology’s potential but feel discouraged to believe that they belong to the community’s dominant white-male subculture. If this technology is to fulfill its global potential, the community associated with it must confront this problem.


But the real point of this column is not to just defend these critics. It’s to debunk one of the more common positions adopted by those who take issue with their complaints, particularly on Twitter. In doing so, I hope to emphasize just how important the concepts of “community” and “culture” are to the healthy development of crypto technology and the ecosystem growing around it.

🗞 OKEx Sister Firm OKLink to Launch USD-Pegged Stablecoin USDK

Global settlement firm OKLink, a sister company of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.


In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.


On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter.
At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.

🗞 Binance DEX Will Geoblock Users From 29 Countries, Including the US

Global settlement firm OKLink, a sister company of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.


In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.


On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter.
At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership with the trust company and plans to launch a stablecoin.

📑 Daily Crypto Calendar, June, 3rd💰

"The NEO MainNet will be upgraded at 9:00 am on June 3rd, 2019 (GMT)."

"Errands fulfillment and On-demand delivery service will now be fully functional."

At block 106560 coin emission rate decreases from 7 to 6.5 ZNN.

2,291 OROX burned at 00:00 UTC as part of Cointorox's on-going revenues burning program. New Total Supply: 5,568,284 OROX.

Mainnet upgrade to optimize DPoS consensus performance and improve node connection stability.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As usual the STEEM has some delay but is continuing to follow the BTC? So the resistance line at 0.39$ is now broken and we should go in direction of the resistance line around 0.43$. If the BTC is doing its pullback, we took some distance from our support line so we could do a similar pattern and make a pull back on the 0.39$. Let's see, this scenario is not mandatory to test the 0.43$ level.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

You don't want to miss a Crypto news?

Follow me on Twitter or Facebook

Join SteemFollower and get Upvotes back !



Posted from my blog with <a

Posted from my blog with SteemPress : https://scrips.io/blog/mr-cryptolemon/%f0%9f%97%9e-daily-crypto-news-june-3rd%f0%9f%92%b0/
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@vlemon has set 1.000 STEEM bounty on this post!
logo_for-light-bg_1000.png

Bounties let you earn rewards without the need for Steem Power. Go here to learn how bounties work.

Earn the bounty by commenting what you think the bounty creator wants to know from you.

Find more bounties here and become a bounty hunter.

Happy Rewards Hunting!

None has won the bounty reward!

thanks for the updated news on the crypto currency world. I find this stuff so fascinating, the move the rise and fall of these currencies and the driving forces behind them. I am also quite happy to see that Steem is slowly moving up in value! let's hope it hits a $1 by the fall!

Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

Neo and XRP have really showed they are ready for a new rally. I have bagged a lot of these, I've also added privacy coins like Monero and Veil to my portfolio. I believe June will be a good month for cryptocurrencies.

Hi @vlemon!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.566 which ranks you at #594 across all Steem accounts.
Your rank has dropped 3 places in the last three days (old rank 591).

In our last Algorithmic Curation Round, consisting of 179 contributions, your post is ranked at #8.

Evaluation of your UA score:
  • You've built up a nice network.
  • The readers appreciate your great work!
  • Great user engagement! You rock!

Feel free to join our @steem-ua Discord server

@vlemon, In my opinion EOS is most hyped project and we have to wait and see any big and effective moves are coming or not.

Recently we heard about the VOICE Platform and that also received hype like it will be standing as competitor for Steem but, yesterday I've read many comments like it's nowhere close to Steem Ecosystem.

This comment was made from https://ulogs.org

Thanks for letting us know what's happening in the crypto world