🗞 Daily Crypto News, September, 3rd💰

vlemon (76)in #cryptocurrency • 6 years ago

Bittrex Invests in New Platform, ATM Market to Grow Over 50% a Year ;
Ethereum's Next Upgrade Could Be the $29 Billion Blockchain's Biggest Test Yet ;
Alibaba, IBM Ranked Top Globally for Number of Blockchain Patent Filed ;
Microsoft Is Connecting Its Major Products to Blockchain – Here's Why ;
Ethereum Classic Price: Growing Interest by Financial Firms Triggers Nice Value Increase ;
📑 Daily Crypto Calendar, September, 3rd💰
STEEM Trading Update by @cryptopassion

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

🗞 Bittrex Invests in New Platform, ATM Market to Grow Over 50% a Yea

The Bittrex cryptocurrency exchange has bought a 10% stake in Palladium, the Times of Malta reported on Sunday. Palladium is a platform for Initial Convertible Coin Offerings (ICCOs) meant to attract institutional investors to enter the crypto tokens field, powered by Bittrex’s technology. The companies have not revealed the investment amount yet but Palladium’s fundraising target is €150 million by a pre-sale of tokenized securities. According to its launch announcement from back in July, 50% of the proceeds are earmarked to go towards the acquisition of a controlling interest in a European bank. Paolo Catalfamo, founder and chairman of Palladium, said: “We are excited to have such a global player on board. Bittrex’s investment in Palladium is a confirmation of Malta’s sound decision to be at the forefront of regulating blockchain technology.”

🗞 Ethereum's Next Upgrade Could Be the $29 Billion Blockchain's Biggest Test Yet

Coindesk reports on the debate in the Ethereum camp ahead of October’s expected ‘Constantinople’ upgrade to Ethereum’s code.

Ethereum’s developers are set to implement four Ethereum improvement proposals, including proposals that improve scalability. However, the proposals are raising concerns among Ethereum ‘stakeholders’, with miners concerned about a reduction in the compensation they receive for validating transactions.

Miners are arguing that too great a reduction in their ‘reward’ will reduce the security of the Ethereum network, and potentially price some existing mining hardware (e.g. GPU-based miners) out of the Ethereum mining market.

🗞 Alibaba, IBM Ranked Top Globally for Number of Blockchain Patent Filed

Tech giants Alibaba and IBM are vying for the top spot on a new list that ranks global entities by the number of blockchain-related patents filed to date, published August 31 by iPR Daily.

iPR Daily — a media outlet specializing in intellectual property — says it consolidated data as of August 10 from across China, the EU, America, Japan and South Korea, as well consulting the International Patent System from the World Intellectual Property Organization (WIPO).

China’s Alibaba only just seals first place, having filed a total of 90 blockchain-related patent applications, whereas IBM has to date filed a total of 89.

🗞 Microsoft Is Connecting Its Major Products to Blockchain – Here's Why

Three years ago, Microsoft Azure was the first to bring blockchain to the cloud. Now it's connecting the technology to just about everything else.

The software giant has quietly been building bridges between its blockchain services and other, widely used infrastructure and platforms, such as Office 365 Outlook, SharePoint Online, Salesforce, Dynamics 365 CRM Online, SAP, and even Twitter, according to Matt Kerner, the general manager of Microsoft Azure. The idea is to allow Microsoft customers to port their data from these platforms into the cloud, and from there onto a blockchain.

🗞 Ethereum Classic Price: Growing Interest by Financial Firms Triggers Nice Value Increase

It would appear most cryptocurrency have begun showing signs of recovery in the past few years. This may very well signal a brand new bull run which affects both Bitcoin and the numerous altcoins on the market. The Ethereum Classic price is noting some solid gains right now, primarily because it is gaining a lot more traction in the financial sector.

📑 Daily Crypto Calendar, September, 3rd💰

Banyan Network (BBN)

Release of (160,000,000-180,000,000) tokens that are held by ico investors.

LBRY Credits (LBC)

LBRY Community releases the Overhaul v3 BETA version of the community website on September 3rd.

NEO (NEO)

NEO represented by Vitor and Igor Coehlo of NeoResearch at community meetup held at Brüders Resto-Pub in Montevideo.

DEEX (DEEX)

On 3rd of September 2018 listing of deex tokens on SteX crypto exchange will be held.

General Event (CRYPTO)

Blockchain investments and ICOs Conference in London from Sep 3-5.

Mass Vehicle Ledger (MVL)

MVL will participate in Korean government project related to Smart mobility and release the detail Sep 3.

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 were not able till now to really break that resistance line. Yes, we go little higher but some hours after we just went lower so yeah we cannot consider that as a clean break. When we will really break this kind of important resistance, we will have an immediate break out because lot of traders are waiting these kind of levels to start to buy or sell. So here, the market is still hesistating and so till now this line is still an objective to break.

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6 years ago in #cryptocurrency by vlemon (76)

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tech9uru (27) 6 years ago

Thanks for giving detailed TA explanation!

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