🗞 Daily Crypto News, February, 19th💰

• Cannibalizing Ourselves To Death: Afri Schoedon And Discourse ;
• Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing ;
• Bitcoin Price Passes $3,700 to Hit One-Month High ;
• Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial ;
• Indian Police Arrest 'Cashcoin' Gang Accused of Scamming Millions From Investors ;
• 📑 Daily Crypto Calendar, February, 19th 💰
• STEEM Trading Update

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

🗞 Cannibalizing Ourselves To Death: Afri Schoedon And Discourse

Last Friday, Ethereum core developer Afri Schoedon tweeted: "'Polkadot delivers what Serenity ought to be.' Change my mind."

The invitation to debate was perceived as a threat by many Ethereans. The vitriol Schoedon received from the post on Twitter and reddit prompted him to clarify that the original tweet was meant to stir up discussion (both tweets have since been deleted). But the severe backlash prompted Schoedon to announce that he's done with social media, and rumor has it that he's "done with Ethereum."

🗞 Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing

Mining hardware giant Bitmain lost about $500 million in the third quarter of 2018 amid an overall bearish market for cryptocurrency, CoinDesk has learned.

The Beijing-based company recently provided an update on its financial results to the Hong Kong Stock Exchange (HKEx), which is reviewing Bitmain’s application for an initial public offering (IPO) first filed in September.

The update showed Bitmain earned around $500 million in the first nine months of last year, on slightly over $3 billion of revenues, according to a source familiar with the situation. The filing, which is not public, does not break down the results by quarter.

🗞 Bitcoin Price Passes $3,700 to Hit One-Month High

Bitcoin jumped to one-month highs earlier today, validating the falling wedge breakout seen in the 4-hour chart on Friday.

The outlook as per the daily chart remains neutral, as the cryptocurrency is still trapped in a symmetrical triangle. That said, a break above the upper edge of the triangle, currently located at $3,760, looks likely as an inverse head-and-shoulders breakout on the 4-hour chart has opened up upside toward $4,030 (target as per the measured height method). More importantly, the rally to one-month highs is backed by strong volumes and a rise in long positions.

Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18.

SMBC, which is the only Japanese bank participating in Marco Polo, said it had partnered with Japanese multinational Mitsui & Co. to enhance efficiency in trade processes.

🗞 Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial

Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18.

SMBC, which is the only Japanese bank participating in Marco Polo, said it had partnered with Japanese multinational Mitsui & Co. to enhance efficiency in trade processes.

“[The] PoC was conducted between SMBC and Mitsui & Co. which aims to improve productivity in its trade operations, by testing modules such as Receivable Finance and Payment Commitment (Payment Undertaking),” the release explained, adding:

🗞 Indian Police Arrest 'Cashcoin' Gang Accused of Scamming Millions From Investors

Police in Mumbai have busted a gang allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $14 million). The gang targeted people by launching a cryptocurrency called Cashcoin and sold it to investors, promising to double their money.

📑 Daily Crypto Calendar, February, 19th 💰

• nDEX (NDX)

NDEX Network's first reward distribution in February 2019.

• EPIC Coin (EPIC)

"EPIC Coin partnership/merger to be announced."

• XOVBank (XOV)

Hong Kong exchange lists XOV at 10 AM (GMT).

• Aeternity (AE), General Event (CRYPTO), Effect.AI (EFX), PumaPay (PMA)

"EPIC Coin partnership/merger to be announced."

• Kubo Coin (KUBO)

"Major Kubo Project expansion on the 19th of February."

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

As I was explaining you yesterday, we were testing the MMA20 (mobile brown line) and we can see now that this line is clearly supporting us. Without any break of that line, we are clearly in a short term UP trend. Please expect at one moment a correction but till now the UP is there. The next resistance line is still quiet far so we have space to move.

Last Updates

• 🗞 Daily Crypto News, February, 18th💰
• 🗞 Daily Crypto News, February, 16th💰
• 🗞 Daily Crypto News, February, 15th💰
• 🗞 Daily Crypto News, February, 14th💰
• 🗞 Daily Crypto News, February, 13th💰
• 🗞 Daily Crypto News, February, 12th💰

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