🗞 Daily Crypto News, May, 31st💰steemCreated with Sketch.

in bitcoin •  8 months ago 


  • Coinbase Now Supports Cryptocurrency Token EOS ;
  • Project Libra: Everything We Know About Facebook’s Cryptocurrency ;
  • How MakerDAO Works ;
  • What to Expect at the SEC’s Blockchain Forum on Friday ;
  • State Farm and USAA Test Blockchain Platform for Insurance Claims Process ;
  • 📑 Daily Crypto Calendar, May, 31st💰
  • STEEM Trading Update

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


🗞 Coinbase Now Supports Cryptocurrency Token EOS

Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30.


The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time.


The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions.

🗞 Project Libra: Everything We Know About Facebook’s Cryptocurrency

The world’s biggest social media company appears dead-set on launching its own cryptocurrency.


Facebook has yet to announce plans publicly but media reports on its crypto ambitions have emerged over the past six months, painting a partial picture of how the social network wants to capitalize on blockchain technology.


In short, a team led by former PayPal president David Marcus is building an asset-backed cryptocurrency, one designed to operate within the company’s existing messaging infrastructure (WhatsApp, Instagram and Facebook Messenger).


The most recent news on the project comes from the BBC, with the British outlet reporting that the cryptocurrency – called “GlobalCoin” internally – will launch in “about a dozen countries by the first quarter of 2020.”

December 2017

August 2018


December 2018


February 2019


April 2019


May 2019


🗞 How MakerDAO Works

🗞 What to Expect at the SEC’s Blockchain Forum on Friday

At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting.


The Securities and Exchange Commission (SEC) will convene its first FinTech Forum Friday at the agency’s headquarters in Washington, D.C., discussing a range of issues related to digital assets and distributed ledger technology (DLT). The speaker roster includes a dozen legal, financial and technical experts, as well as several key SEC officials.


Yet while some see an opportunity to air the industry’s concerns and get a better understanding of the SEC’s perspective, the forum comes at a time when some major crypto firms are taking a more aggressive tack.


“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”

Most notably, crypto startup Circle said this month it had laid off 30 of its employees, blaming “an increasingly restrictive regulatory climate in the United States” as one factor.

🗞 State Farm and USAA Test Blockchain Platform for Insurance Claims Process

United States insurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State Farm announced the development in an official press release on May 30.


The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims.


The platform purportedly allows them to automatically compile total payments, net the balance, and conduct a regularly scheduled payment between insurers. State Farm states that the blockchain solution is being tested with real claims data.

📑 Daily Crypto Calendar, May, 31st💰

"We have a mainnet release expected for May with the AVM and everything is looking good with that."

"We will enable smart contracts on the mainnet... and share updates on the official date during the latter half of May 2019."

Instant Cryptocurrency Exchanges.

DAO radio ( on ETH blockchain, people can vote the radio ).

"We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October."

Hydrogen platform will release Hydro Pay and TIDE whitepaper by end of May.

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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

Today, we continued to test the resistance line at 0.43$ but we haven't been able to stay upper and close a candle on that level. The correction is now starting and we already break 2 support line and we are now under 0.39$. Next support line is at 0.34$ so let's hope this one will hold us.

image.png

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