🗞 Daily Crypto News, July, 4th 💰

vlemon (76)in #cryptocurrency • 6 years ago

Binance Halts All Trading Over Abnormal Crypto Transactions ;
Five Nations Launch Tax Enforcement Alliance to Tackle Crypto, Cybercrime 'Threat' ;
Among Blockchain-Friendly Jurisdictions, Malta Stands Out ;
Paul Krugman Trolls Ripple, Accidentally Making a Case for Bitcoin Cash ;
EU Report Advises Regulators Not to Ban or Ignore Cryptocurrencies
📑 Daily Crypto Calendar, July, 4th💰
STEEM Trading Update by @cryptopassion

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

🗞 Binance Halts All Trading Over Abnormal Crypto Transactions

Syscoin, a distributed network based on a fork of the bitcoin protocol, said on Twitter around 21:00 UTC on Tuesday that it noticed a potential issue with its system and subsequently asked exchanges to suspend the trading of its SYS token. The project later confirmed after an investigation that it has discovered "odd trading behavior coupled with atypical blockchain activity."

Though Syscoin has not yet disclosed details from its investigation, the issue appeared to have resulted in unusual transactions on Binance's SYS order books, which accounted for over 87 percent of the token's total trading volume, data shows.

🗞 Five Nations Launch Tax Enforcement Alliance to Tackle Crypto, Cybercrime 'Threat'

The US Internal Revenue Service (IRS) has launched an international taskforce together with tax enforcement authorities from four other countries to take on cryptocurrency-enabled crimes, according to a press release published Monday, July 2.

The new coalition, dubbed ‘The Joint Chiefs of Global Tax Enforcement,’ or ‘J5,’ comprises tax enforcement agencies from five countries in total –– Australia, Canada, the Netherlands, and the United Kingdom, alongside the U.S.

🗞 Among Blockchain-Friendly Jurisdictions, Malta Stands Out

Among the handful of blockchain-friendly jurisdictions around the globe, Malta stands out with perhaps the most forward-thinking regulatory agenda.

In a testament to its success, the European island state has attracted a couple dozen blockchain businesses, such as the crypto exchange Binance and our company, the equity fundraising platform Neufund. A recent study from Morgan Stanley shows that Malta has established itself as the No. 1 spot for crypto trading.

🗞 Paul Krugman Trolls Ripple, Accidentally Making a Case for Bitcoin Cash

“If a digital currency isn’t actually used for any transactions, is it, you know, actually a currency?” tweeted Nobel laureate economist with the ears of American progressive politicians, Paul Krugman. He was prompted by a colleague’s recent article regarding a push by Ripple’s XRP to urge users to do more than just speculate. Mr. Krugman, it turns out, backed into one of the main arguments for bitcoin cash (BCH).

🗞 EU Report Advises Regulators Not to Ban or Ignore Cryptocurrencies

A recent report published by the European Parliament advises policymakers and regulators not to ignore cryptocurrencies or attempt to ban them. It discusses how crypto should be treated, their taxation, as well as their potential impact on financial systems and central banks’ monopolies on money issuance.

Daily Crypto Calendar, July, 4th

Bytecoin (BCN)

6th anniversary

General Event (CRYPTO) and WAX

2018 TokenSky Blockchain Conference Tokyo Session from July 4-5 in Belle Salle Shiodome, Tokyo.

StrongHands (SHND)

"2 Days until you can swap your #SHND for #SHMN "

Sources: Coincalendar.info, Cryptocalendar.pro, Coinscalendar.com, CoinMarketCal

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

We are currently consolidating after a nice UP during the last days. Till now the support line at 1.50$ is holding us and let's hope this line will trigger a new bounce quiet soon. The next objective is the resistance line in red at 2.00$. In all the scenario, the support line in brown needs to hold if we want keep the bull trend at short term.