🗞 Daily Crypto News, November, 11th💰

in #steem • 5 years ago

  • MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity ;
  • Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time ;
  • Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys ;
  • Did South Korea Just 'Sentence Blockchain Gaming to Death'? ;
  • Not Accidental China's U-Turn On Bitcoin Mining Might Fuel Competition;
  • 🗞 Daily Crypto News, November, 11th💰
  • STEEM Trading Update

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

🗞 MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity

The Monetary Authority of Singapore (MAS), the city-state’s central bank, has completed development of a blockchain-based cross border payments system that can support a range of currencies.

Carried out as part of the ongoing Project Ubin initiative, the prototype platform was developed in partnership with investment banking multinational JPMorgan and Singapore government-owned investment firm Temasek. It’s now being tested to see if it lives up to its promise as a means to cut costs for businesses and to gauge its ability to connect with different commercial blockchain applications, MAS said on Monday.

The project has been some time in the works, with the second phase of the project announced back in 2017. Earlier tests had involved MAS and a group of major banks, with blockchain startup-consortium R3 and professional services firm Deloitte also involved. Originally focused on digitization of the Singapore dollar using blockchain, the project moved on to look at the tech’s potential to support a real-time gross settlement system like those used by central banks.

🗞 Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

Whether you call it the “halving” or the “halvening,” one of the few things we can be sure of in crypto is that the conversation around bitcoin’s upcoming reduction in mining reward will intensify over the next six months.

Why? Because previous halvings have triggered bull runs. And who doesn’t like a bull run?

Many are convinced that the next halving will have the same market effect, and it’s not just a belief that history repeats itself – models have emerged to support this theory.

But if the bull run is expected, why hasn’t it already happened? Why isn’t the halving already priced in?

🗞 Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys

Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed.

As monitoring resource Coin Dance confirmed on Nov. 10, the seven days ending Saturday saw more trading against BTC than ever before in both Venezuela and Argentina.

Argentina: central bank accidentally increases Bitcoin popularity

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Venezuela Localbitcoins weekly trading history. Source: Coin Dance

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Argentina Localbitcoins weekly trading history. Source: Coin Dance

🗞 Did South Korea Just 'Sentence Blockchain Gaming to Death'?

South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs).

Late last week, the Game Rating and Administration Committee (GRAC) – the South Korean body tasked with policing the country's gaming industry – denied a rating to Infinity Star, a game developed by domestic company NodeBrick. Games that do not receive a GRAC rating cannot be distributed in South Korea.

Blockchain consultant Mira Kim told Cryptonews.com,

"Many domestic gaming companies have already put a lot of money into gaming dapps (decentralized apps), anticipating that the government's position on cryptocurrencies would actually be softening in the future. Honestly, I don't know where this decision leaves them."

🗞 Not Accidental China's U-Turn On Bitcoin Mining Might Fuel Competition

Director for the Federal Bureau of Investigation (FBI) Christopher Wray testified before the Senate Homeland Security Committee at a hearing on security threats facing the United States.

Changes in China's Bitcoin (BTC) mining policy are not accidental, and competition in the global mining sector might become more intense, says an analyst at Beijing-based token data and rating agency TokenInsight. Moreover, the recent major crypto move by Hong Kong might also increase competition in the local cryptocurrency trading market, he added.

It’s a well-known thing in the Cryptoworld by now that China – though interested in blockchain, with even President Xi Jinping advocating for a faster development of blockchain technology – has taken and is maintaining a tough stance on cryptocurrency industry, particularly exchanges and mining. We’ve written about the country’s discussions on mining ban for a while now, but just two days ago, the National Development and Reform Commission (NDRC) reportedly removed Bitcoin mining from the list of industries that might be eliminated. Besides that, we know that China is thinking about their own digital fiat, and it was recently revealed that people in the country use WeChat and AliPay apps to buy crypto with cash.

🗞 Daily Crypto News, November, 11th💰

  • SINOVATE (SIN)

SINOVATE (SIN) Roadmap V3 will be released with new upcoming technologies and proof of concepts!

  • GoldCoin (GLC)

The GoldCoin (GLC) Team will be "Reverse Hard Forking" the Bitcoin (BTC) Blockchain..."

  • Crypto.com Coin (CRO), OceanEx Token (OCE), V Systems (VSYS), VeChain (VET)

Capital Warm-up Party in Singapore.

  • Akropolis (AKRO), Algorand (ALGO), Cosmos (ATOM), General Event (CRYPTO), Ocean Protocol (OCEAN)

"KuCoin Blockchain Day Berlin 2019" from 5 PM - 9:15 PM (CET) in Berlin.

  • General Event (CRYPTO), Paxos Standard (PAX)

"Participants comprised key executives and decision makers from global financial institutions and corporates, innovators..."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

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Here is the current chart :

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The support line at 0.138$ has been again tested today on the STEEM but it triggered a second bounce with the help of the UP on the BTC. So let's see if this UP will be more powerfull than the previous one and if it will allow us to go test the resistance line at 0.155$. Dn't forget that we still have the risk to break the support line and go test again the lows on the STEEM. We cannot forget that bearish scenario.

Last Updates

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