🗞 Daily Crypto News, February 7th 💰

Steemit Statistics & Big Data: End of January 2018 Update
SEC and CFTC Hearing: More Legitimate ICOs or “If There Was No Bitcoin, There Would Be No Blockchain”;
No Strong Case to Ban Crypto Trading, Singapore Says ;
Ethereum Users Are Losing Money and Devs Don't Quite Know What to Do;
South Korea and Crypto Regulations, Explained;
CFTC Issues Tax-Time Advisory For Cryptocurrency IRAs
📑 Daily Crypto Calendar, February 7th 💰
STEEM Trading Update by @cryptopassion

Steemit Statistics & Big Data: End of January 2018 Update

We reached 48.5 mn (+41%) visits in January ALONE!

There is an important difference between total visitors to a site and unique ones. In this case the 48.5mn include the multiple times a person visited the website.

I] Traffic

Daily Steemit Traffic

🗞 SEC and CFTC Hearing: More Legitimate ICOs or “If There Was No Bitcoin, There Would Be No Blockchain”

J. Christopher Giancarlo, chairman and witness of the CFTC, expressed optimism in his testimony towards Blockchain/DLT, dedicating a page and a half (VI. Potential Benefits) to the numerous ways financial institutions, charities, social services, agriculture, and logistics can all benefit from it. Giancarlo seemed very bullish on allowing more freedoms for DLT, even comparing it to the internet:

Lastly, Senator Warren asked Clayton how they can make ICOs safer. Clayton responded that many ICOs are, in fact, violating existing laws and that ICOs “should pay more attention” because the SEC is going to be investigating these violations further.

The best solution, according to both Giancarlo and Clayton, would be to:

Educate the masses about Bitcoin and cryptocurrencies

Use the jurisdiction that they have over the futures markets of Bitcoin to collect data and keep track of the markets so that nobody gets too hurt

Use taskforce to go after “fraudsters” who are scamming Main Street investors in ICO pyramid schemes, and worthless cryptocurrencies.

🗞 No Strong Case to Ban Crypto Trading, Singapore Says

The Monetary Authority of Singapore has been studying cryptocurrency developments and there is no strong case to ban crypto trading, a high-ranking government official told lawmakers. The adoption of regulations in other countries in the region has increased pressure on authorities in the city-state to clarify their stance on bitcoin, as more crypto companies in Asia are seeking friendlier business environments.

🗞 Ethereum Users Are Losing Money and Devs Don't Quite Know What to Do

As the price of its cryptocurrency ether has soared (and then corrected) in 2018, one thing has remained constant – users continue to lose money due to hacks, faulty code and human error. It's an issue that in the past has split the platform into rivaling forces and left lingering debates – and, as recent activity on GitHub shows, tensions are escalating again.

Pumping new life into the debate is the resurgence of a chat channel formed in the wake of the loss of 513,000 ether by startup Parity last year. In particular, the forum has reignited with the release of a sketch for how fund recovery proposals could be standardized to make them easier to implement.

🗞 South Korea and Crypto Regulations, Explained

The population of South Korea is no more than California and Arizona put together, but it is the huge involvement of their numbers that to a large extent, dictates the value of cryptocurrencies worldwide.

The Blockchain Industry Association has estimated that South Korea has more than a dozen cryptocurrency exchanges, including Bithumb, Korbit and Coinone. This means that even in a country with fewer than 50 million people, the demand for crypto is such that cryptocurrencies have traded at prices more than a 30 percent higher than other countries.

🗞 CFTC Issues Tax-Time Advisory For Cryptocurrency IRAs

As Americans begin to file their income taxes, regulatory officials are emphasizing caution in the wake of cryptocurrency scams seeking to prey on those investing in cryptocurrency retirement accounts. Cryptocurrency financial products, like individual retirement accounts (IRAs), became exceedingly popular in the final fiscal quarter of last year.

Daily Crypto Calendar, February, 7th

Ripple (XRP)

From Bitcoin and blockchain to ICOs, Yahoo Finance will lead a series of conversations with CEOs, engineers, policy makers and legal expert.

XTRABYTES (XBY)

Monthly AMA with the lead dev

Decision Token (HST)

Jamie Skella will be presenting at Pause Fest February 7th - 11th alongside Tech Crunch, AirBnb, Netflix and Silicon Valley Bank.

WaBi (WABI)

CEO Alex will speak at the Global Supply Chain Conference in Asia, aimed at companies in sourcing procurement and supply chain management

MyWish (WISH)

First ICO Crowdsale using MyWish Crowdsale smartcontract platform.

STEEM Trading Update by @cryptopassion

As I was explaining you yesterday, after the break of the support line in red, our last chance was the support line from the previous bottom in orange. And that line did her job as expected :

That support line in orange helped us to make the bounce which breaks the resistance line in red (previous support line). Now to validate the bounce, we need to stay upper of that line in red during the coming hours and continue the UP move.

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zakir.quetta (60) 7 years ago

Thanks for updating.

$0.47

2 votes

enchancement (50) 7 years ago

Love your posts! Keep it up!

$0.00

1 vote

nickall (29) 7 years ago

Great article

vlemon (78) 7 years ago

Thank you @nickall

darkdrake (52) 7 years ago

good article! This past 24 hours have been so good for crypto! All the news have been only good from what i can tell. and america voting against regulating (outside of catching scammers) is a really good thing for us!

Indeed, we are finally rebouncing !

yea. i don't hope it will go too fast this time around however, if we grow too fast again we can get into the same mess :/

abhinavramesh12 (36) 7 years ago

Indeed. Hopefully it's all upward starting now.

zabirnatur (39) 7 years ago

Please upvote and followe @zabirnatur

atelerix (45) 7 years ago

Thanks!

jerrybanfield (75) 7 years ago

Thank you vlemon for making a transfer to me for an upvote of 6.22% on this post!

Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!

The other half helps holders of Steem power earn about 60% APR on a delegation to me!

For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily?

To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?

patrickhocking (40) 7 years ago

Decent article. Thanks for the headsup. You got one hell of a following. Another one from me too (Y)

willywealth (57) 7 years ago

thanks for the update

appreciator (67) 7 years ago

This post has received gratitude of 4.39 % from @appreciator thanks to: @vlemon, @vlemon.

life-nerd (25) 7 years ago

You might be the only one who this phrase actually applies to :D

steem-samiam (64) 7 years ago

Being an AriseBank supporter, I shake my head as to how little SEC knows and how much they fabricated. I also shake my head at how Ethereum continues to cover up all their crashes, fails, hacks etc etc and people still invest in them.