🗞 Daily Crypto News, May, 22nd💰

vlemon (76)in #cryptocurrency • 6 years ago (edited)

Blockchain's Killer App? Making Trade Wars Obsolete ;
A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments ;
Bank of England Issues Working Paper on Central Bank Digital Currencies ;
Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies ;
Canadian Regulator Warns Investors of Five Cryptocurrency Firms ;
📑 Daily Crypto Calendar, May, 22nd💰
STEEM Trading Update by @cryptopassion

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

🗞 Blockchain's Killer App? Making Trade Wars Obsolete

On Hainan Island, China's Hawaii, in the shadow of sanctions, tit-for-tat tariffs and a looming trade war, China's paramount leader stood up for globalization last month by launching a surprise defense of world trade. Laudable though his position might be, Xi Jinping's bargaining position - and that of Donald Trump - may soon be irrelevant.

A confluence of technologies is poised to dramatically reshape the world of manufacturing and, in the process, render obsolete the existing international trade regime. A few get a lot attention: the rise of 3D printing, the application of internet-of-things (IoT) devices to shipping and logistics, the increasing prevalence of artificial intelligence and machine learning.

A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments

Argentina's Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin.

A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift.

🗞 Bank of England Issues Working Paper on Central Bank Digital Currencies

On May 18, the Bank of England released a staff working paper, laying out various scenarios of possible risks and financial stability issues of central bank digital currencies (CBDCs).

The paper constructs three models of CBDC depending on the sectors that have access to CBDC, from a narrow CBDC where access is limited to banks and non-bank financial institutions (NBFIs), to direct and indirect access extended to households and non-financial firms.

🗞 Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies

Spain’s financial regulator has clarified its position on regulated investment funds investing directly in cryptocurrencies. These type of funds are legal under Law 22/2014, and investments can be made through three types of legal entities.

🗞 Canadian Regulator Warns Investors of Five Cryptocurrency Firms

The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them.

Daily Crypto Calendar, April, May, 22nd

Skycoin (SKY)

"The entire #Skycoin team is excited to announce that the #Skywire Testnet will officially begin on May 22nd!"

IOTA (MIOTA)

Kontakt.io and the IOTA Foundation Discuss Opportunities and Applications for Distributed Ledger Technology in Internet of Things.

Genesis Vision (GVT)

The Alpha version of the GV platform will be presented on 22-24 May within iFX Expo International conference. (Booth 49, Limassol, Cyprus)

Veros (VRS)

"The #BluePaper ver.1.0 #VerosDH will be officially presented on may 22, 2018."

TrueUSD (TUSD)

Due to popular demand, the (TUSD) project team requires more time than originally planned.

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 :

There is a little correction in progress and I think we could go test the support line at 2.85$. If the BTC doesn't drop massively, that support line should hold the correction and allow us to do a bounce and go test the next resistance line at 3.25$. Anyway, the current support line on the BTC must hold also to allow us to do that scenario so as always don't focus too much only on the STEEM.