🗞 Daily Crypto News, February, 11th💰
- What to Know Tron’s BitTorrent Token Airdrop This Week ;
- Steemit Statistics & Big Data: 🚀 End of January 2018 Update 🚀 ;
- BTC Futures Volume Plummets Relative to Spot Trade Heading Into 2019 ;
- Mt. Gox Creditors Neither Need nor Deserve This Kind of 'Hero' ;
- Most Crypto Hedge Funds Aren’t Really Hedge Funds ;
- 📑 Daily Crypto Calendar, February, 11th 💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 What to Know Tron’s BitTorrent Token Airdrop This Week
Sunday, Feb. 10 — while Bitcoin (BTC) is managing to stay above the $3,600 price point for the third day in a row, other major cryptocurrencies are mostly in the red as the markets gradually roll back after short recovery, Coin360 data shows.
BTC has been trading sideways during the last 24 hours, but the coin is still above over its psychological threshold of $3,600 at press time. As Cointelegraph previously reported, the top currency gained over $200 in value on Friday, Feb. 8, hitting $3,691 at some point during that day.
Also this week, BTC daily transaction volume almost reached levels it had not seen since January 2018, when world’s top cryptocurrency was worth close to $20,000.
🗞 Steemit Statistics & Big Data: 🚀 End of January 2018 Update 🚀
We reached 11.99 mn visits in January 2019!
I] Traffic
Steemit website is ranked 4,367 worldwide
Steemit is ranked 3,381 in the US
Steemit kept on deteriorating its ranking as it ranked 1400+ last year.
🗞 BTC Futures Volume Plummets Relative to Spot Trade Heading Into 2019
Research carried out by Tradeblock has found the combined trade volume across the futures contracts offered by Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) plummet relative to spot market volume during the second half of 2018.
With the burst of the 2018 bubble, however, spot volume fell by more than 70 percent when comparing January’s trade activity with average monthly volume posted during the second half of 2018.
While the volume of both the BTC spot and futures markets saw decline during September and October, November saw the combined spot markets post their strongest monthly volume since May, while the futures markets posted their second weakest month of the year.
🗞 Mt. Gox Creditors Neither Need nor Deserve This Kind of 'Hero'
Brock Pierce has launched his own bid for the civil rehabilitation of Mt. Gox, promising to pay out all current funds to creditors while also talking about issuing debt tokens or giving away equity in a resurrected Mt. Gox exchange. As noble as this may sound on the surface, there are strong reasons to question the credibility and motives of this proposal.
First, Pierce is basing this plan on a fresh assertion that he is the rightful owner of Mt. Gox, as a result of plans to purchase Mt. Gox from Tibanne immediately after the collapse in 2014, as well as claiming to have later purchased Jed McCaleb’s 12% stake.
🗞 Most Crypto Hedge Funds Aren’t Really Hedge Funds
If it walks like a VC, talks like a VC and acts like a VC, it’s probably not a hedge fund. And yet numerous crypto fund managers who’ve launched in the last few years have opted for the hedge fund model. Many of them probably should have gone with a venture capital structure.
Traditionally, hedge funds are measured on their performance over short, discrete periods of time. Months, quarters and years. This makes sense for established markets such as stocks. Price discovery is immediate – one can look up the price of Apple or Netflix pretty quickly.
📑 Daily Crypto Calendar, February, 11th 💰
- Dropil (DROP)
Massive portal overhaul for trading bot (Dex) and Home launch for single point sign-in.
Dropil will releases "Max", their smart multi-coin wallet.
- Tokenomy (TEN)
Deposit your TRX on Tokenomy before block height 6,600,000 on the TRON blockchain (est. to be on the 11th Feb 2019) to receive BTT airdrop.
- TRON (TRX)
"On February 11th, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders."
- BitTorrent (BTT)
"On February 11th, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders."
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The STEEM is still in consolidation phase just under the resistance line but we should test this line again very soon. The perfect scenario would be a test and a sudden break out on the BTC. If these 2 conditions are present at the good moment, we will go quickly test the resistance line at 0.39$.
Last Updates
- 🗞 Daily Crypto News, February, 10th💰
- 🗞 Daily Crypto News, February, 9th💰
- 🗞 Daily Crypto News, February, 8th💰
- 🗞 Daily Crypto News, February, 6th💰
- 🗞 Daily Crypto News, February, 5th💰
- 🗞 Daily Crypto News, February, 4th💰
- 🗞 Daily Crypto News, February, 2nd💰
- 🗞 Daily Crypto News, February, 1st💰
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Wow thanks for keeping us up to date @vlemon, I didn't know about the BitTorret/Tron airdrop.
You are welcome. BitTorrent airdrop It is a big event !
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I'm quite surprised one could get BitTorrent token by holding Tokenomy.
Anyways, thanks for the updates as always!
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I think I made a mistake. Will recheck it soon.
Thank you for noticing !
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I wasn't thinking it was a mistake but I decided to check after reading this comment.
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Howdy sir vlemon! Just wanted to drop by and say how much I appreciate all the good reports and research you do for us, great job!
Thank you 🙏!
I am glad to see you around.
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Wow Thanks again man!!
You are welcome
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I came into crypto years after Mt. Gox incident. Personally I think it's better to just leave it an d learn from it than putting a media spectacle. One comment said it best
I always try to be careful when someone acting benevolent is around. Most of the time it is better to pay than get handouts or free stuff.
Good Post, I like the way you describe ebverything, keep up the good work.
Yeah I was part of that airdrop.Althogh the ratio was very low.Something like 1:(0.11).Did not earn much profit from that.After the airdrop tron prices also fell so overall it was a loss.
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