🗞 Daily Crypto News, February, 8th💰

in #cryptolemon • 5 years ago (edited)

  • Coinbase Says Bitcoin Will Become Closer to Digital Gold in 93 Days;
  • Kraken’s Dan Held on What’s Different About Bitcoin at $10K This Time;
  • Why We Need a Federal Privacy Law ;
  • China’s Coronavirus Whistleblower Is Now Memorialized on Ethereum ;
  • BSV and BCH Are Surging With Their Halvings a Month Before Bitcoin;
  • 🗞 Daily Crypto Calendar, February, 8th 💰
  • STEEM Trading Update

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

🗞 Coinbase Says Bitcoin Will Become Closer to Digital Gold in 93 Days

With May’s Bitcoin halving event drawing ever closer, Coinbase recently took to pushing the “Bitcoin as digital gold” narrative. In a tweet-storm to promote an accompanying blog-post published Feb. 7, it covered the key reasons why the halving and subsequent supply rate reduction will further cement that link.

Scarcity creates value

Since the gold standard was broken in 1971, the dollar’s value has declined and gold’s value, in dollar terms, has risen over 4000%. Gold has more value than similar metals such as copper due to its relative scarcity and difficulty to acquire.

Bitcoin has been designed to be scarce like gold and is artificially difficult to acquire through the Proof-of-Work process of mining. However, it also has an advantage over gold in being transferable through a communications channel.

🗞 Kraken’s Dan Held on What’s Different About Bitcoin at $10K This Time

As bitcoin inches towards $10,000, @nlw is joined by Kraken’s Dan Held to discuss how the narrative, infrastructure and audience have changed since this price last year.

On this episode, @nlw is joined by Kraken’s Dan Held to discuss how bitcoin has changed in a number of ways since the last time we were at the $10,000 price level last year. They look at:

Narrative - Speculation around bitcoin as a safe haven and the role of the halvening continue to shape the conversation

Infrastructure - The tools for how people can interact with bitcoin - from lending to derivatives - have never been broader

Audience - Institutions are no longer just around the corner but actively participating in the market

🗞 Why We Need a Federal Privacy Law

Harvard researcher Mutale Nkonde examines technology through the lens of whether it improves people’s lives. She is an expert on how technological systems impact communities of color and she's helped craft bills on deep fakes, biometric surveillance and algorithmic bias that have been introduced to Congress.

As part of our ongoing Election 2020 series, we spoke with her about surveillance capitalism, the California Consumer Privacy Act (CCPA), and whether anyone in the Democratic field stands out to her on privacy issues. The CCPA, signed into law in 2018, empowers California consumers to know when private companies collect, share, or sell their data and to stop that sale if necessary. It applies to companies with annual gross revenues of more than $25 million or that possess information on 50,000 or more consumers.

🗞 China’s Coronavirus Whistleblower Is Now Memorialized on Ethereum

Someone has just created a smart contract on ethereum with source codes in the shape of a monument in memorial of Dr. Li Wenliang, the whistleblower of China's coronavirus outbreak, who died of the disease.

The source codes of the "Monument" contract, created around 2:30 UTC on Friday, wrote down the biography of Dr. Li in Chinese with a highlighted "R.I.P" and his contribution as a medical expert to alerting others of the danger of the virus as early as Dec. 30 – only to be reprimanded by local police later on.

The creation of the smart contract, which now becomes immutable and can't be censored on a blockchain, comes at a time when Chinese netizens are showing widespread sadness and furor on messaging application WeChat and social media Weibo.

🗞 BSV and BCH Are Surging With Their Halvings a Month Before Bitcoin

Recently, Bitcoin (BTC) has been picking up momentum as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing. This year, they gained 270% (BSV) and 132% (BCH) already, compared to Bitcoin’s 40%.

Bitcoin SV breaks out of downtrend

https://s3.cointelegraph.com/storage/uploads/view/8ea4123b2525fba2e6a67db92a5215f6.

🗞 Daily Crypto News, February, 8th💰

  • ShareToken (SHR)

ShareRing Application Launch on February 8th, available to download on iOS & Android app stores.

  • BitcoinSoV (BSOV)

"We are pleased to announce that BitcoinSOV (BSOV) will be listed on 08th Feb 2020."

  • Chiliz (CHZ)

In the next 10 days to 2 weeks [from Jan 25] we will announce another major partner in the sports industry...."

  • ShareToken (SHR)

ShareRing releases its ShareLedger platform, processing the world’s first eVOA and car-sharing transactions. Available on iOS & Android app.

  • Augur (REP)

"The Augur v1 cutoff has been extended to February 8th, 2020, UTC +00:00..."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

Since we touched the resistance line at 0.21$, the STEEM is consolidating on that line and that consolidation is currently doing a type of pattern called Bull flag. Let's see if that pattern will be validated with a nice new UP move. What we need also is avoid a big correction on the BTC. The BTC is also in consolidation phase and no one knows the direction that the master will take.

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5 years ago in #cryptolemon by
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    • [-]
     5 years ago 

    Hey! Look at BTC!!! The moon! 10K!

    But I don’t have enough cash to get more!!!
    What Alt coins do you recommend?!

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      [-]
       5 years ago 

      Hi @vlemon!

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      Your UA account score is currently 4.818 which ranks you at #1459 across all Steem accounts.
      Your rank has dropped 7 places in the last three days (old rank 1452).

      In our last Algorithmic Curation Round, consisting of 95 contributions, your post is ranked at #12.

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