🗞 Daily Crypto News, June, 6th💰

vlemon (76)in #cryptocurrency • 6 years ago

Ripple Smart Contracts Creator Targets Ethereum with New Tech Launch;
SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are ;
Russian Court Overturns Decision to Block Bitcoin Website ;
Ethereum Software Parity to Update After Critical Bug Detected ;
Coinbase Unveils Plans to Enter the Japanese Market ;
Cryptocurrency Exchanges Are Drowning in Tokens
📑 Daily Crypto Calendar, June, 6th💰
STEEM Trading Update by @cryptopassion

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

🗞 Ripple Smart Contracts Creator Targets Ethereum with New Tech Launch

Ripple's former CTO Stefan Thomas is going up against Ethereum with the launch of a new smart contracts platform.

Well, "new" isn't quite right – the platform Thomas released implementations for today is Codius, an open-source project that Ripple released in beta in 2014 but shelved the following year. Now, though, having announced his departure from Ripple in May, Thomas is re-launching Codius as the technical backbone for his new company, Coil.

🗞 SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are

Jay Clayton, the chair of the US Securities and Exchange Commission (SEC), believes that Bitcoin (BTC) is not a security since it acts as a replacement for sovereign currencies, CNBC reports today, June 6.

Clayton, when speaking about the “incredible promise” of distributed ledger technologies driving efficiencies in markets, clarified during today’s CNBC interview his thoughts on cryptocurrencies that are “replacements for sovereign currencies:”

🗞 Russian Court Overturns Decision to Block Bitcoin Website

A Russian court has overturned a previous court decision to block a bitcoin-related website because it contains information about cryptocurrencies. The Supreme Court ordered the city court to hear the appeal.

🗞 Ethereum Software Parity to Update After Critical Bug Detected

A critical consensus bug has been uncovered in a testing environment used by one of the two principal softwares crucial to the operation of the world's second-largest blockchain.

Revealed last night by UK-based Parity Technologies in a blog post, the issue was found to cause those running the software to fall out of sync, meaning others using different software would not recognize their transactions. While the vulnerability was found on a testnet, the worry is that it could be exploited on the mainnet as well.

🗞 Coinbase Unveils Plans to Enter the Japanese Market

One of the largest US cryptocurrency companies, Coinbase, has unveiled its plans to enter the Japanese market in order “to accelerate the global adoption of cryptocurrency.” The company has been in talks with the country’s financial regulator to ensure compliance.

As part of our effort to accelerate the global adoption of cryptocurrency, today we’re announcing the launch of Coinbase’s office in Japan…we plan to take a deliberate approach to our rollout in Japan, which means working hand-in-hand with the Japanese FSA [Financial Services Agency] to ensure compliance with local laws at every stage.

🗞 Cryptocurrency Exchanges Are Drowning in Tokens

It’s hard to put a finger on the precise point at which token overload kicked in. Token fatigue has been brewing for some time, as the spate of new coins, mostly launched by ICOs, has turned into an unstoppable torrent. Every day, cryptocurrency exchanges are barraged with listing applications by ICOs, and they do their best to keep up, for the projects’ sake, and for the community’s, and because listing tokens is a lucrative business. But at its current rate, the trend is surely unsustainable.

Daily Crypto Calendar, June, 6th

Cardano (ADA)

Roadmap update planned.

Zoin (ZOI)

Team wil conduct the Snapshot for the NIX airdrop 1:2 ratio.

Waves (WAVES)

The Big Blockchain Race for Commercialisation — just how can you make money out of blockchain? We examine the opportunities and challenges.

TRON (TRX)

CoinEx lists TRX at 11AM (GMT+8).

HTKCoin (HTK)

Code base for encrypted messaging protocol released.

Factom (FCT)

Stay tuned: Factom Developers Reddit AMA on Wednesday, we'll talk about #FactomM3 and anything else you ask about.

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 :

The BTC is helping us to make a pause in the drop that we were having since yesterday. However, the little UP is less powerfull than what we can see on the BTC and we are still far of the resistance line at 2.55$. We need to see what will happen during the next hours. It could be just a reversal before the continuation of the drop. If it is not the case, we should again soon try to go test the support line at 2.55$.