🗞 Daily Crypto News, December, 4th💰

Crypto Winter Is Here and We Only Have Ourselves to Blame ;
$35 Million: Sequoia, Baidu Back Turing Award Winner’s Blockchain Project ;
Korean Incoming Minister Confirms Crypto Taxation Plans ;
G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting ;
29% of Freelancers Want to be Paid in Crypto ;
📑 Daily Crypto Calendar, December, 4th💰
STEEM Trading Update by @cryptopassion

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

🗞 Crypto Winter Is Here and We Only Have Ourselves to Blame

I have a friend who has made a significant fortune out of bitcoin. He is one of those enthusiasts who happily hands out the cryptocurrency to others in the interest of spreading adoption.

All of that is good. However, one thing has always infuriated me: his boasts, especially last year, that he was spreading belief in bitcoin because the small amount he’d distributed to random people over the years was now worth X times more in dollar terms. He loved it, he said, when they’d call to thank him.

Why on earth would I have an issue with this generosity of spirit? Because it perpetuated a narrative that speculative gains, measured in fiat currency terms, was bitcoin’s core value proposition for the world.

🗞 $35 Million: Sequoia, Baidu Back Turing Award Winner’s Blockchain Project

A group of university professors and researchers including a Turing award winner have raised $35 million for a non-profit foundation that will support the development of a new blockchain network.

Announced Tuesday, the Conflux Foundation is registered in Singapore and will use the proceeds to fuel work on its network. Backers include venture capital firms Sequoia China and Baidu Ventures, crypto mining firm F2Pool and exchange Huobi, as well as Metastable and IMO Ventures.

With the new capital, the foundation said it’s now looking to expand its 10-person development team. The goal: roll out a testing environment in February and officially launch a new public blockchain around the third quarter of next year.

🗞 Korean Incoming Minister Confirms Crypto Taxation Plans

South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules.

🗞 G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting

The pledge came amid a broader section on building “an open and resilient financial system,” which the document noted “is crucial to support sustainable growth,” stating:

“We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system; and, through continued regulatory and supervisory cooperation, address fragmentation. We look forward to continued progress on achieving resilient non-bank financial intermediation.”

🗞 SteemFollower a Great Tool to Have Fair Upvotes !

29% of Freelancers Want to be Paid in Crypto

P2P platform Humans.net has commissioned a survey into the payment preferences of American freelancers. It quizzed 1,100 U.S. citizens to determine their amenability to being paid in bitcoin or other cryptocurrencies, with 18 percent expressing a clear preference for digital currency payments over fiat currency. Among those questioned were self-employed professionals such as tutors, designers and developers.

📑 Daily Crypto Calendar, December, 4th💰

General Event (CRYPTO), Endor Protocol (EDR), NeosCoin (NEOS), Polymath (POLY), XRP (XRP), Smartlands (SLT)

FinTech Connect 2018 in London from December 5-6.

Ambrosus (AMB)

At the meetup Ambrosus will explore the use-cases of AMB-NET and will also showcase its technology in action, featuring blockchain and apps.

General Event (CRYPTO)

Digital Asset Investment Forum at St. Regis in Washington DC.

General Event (CRYPTO)

Latin American Bitcoin & Blockchain Conference will be in Santiago de Chile. 5-8 of December.

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

We did a last test of the resistance line just before starting a new drop on the STEEM. This test was expected but I was hoping we could perhaps break that resistance line. So as explained yesterday, we should now go test the previous low on the STEEM and we have a high risk to break it... Let's see.

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cryptomeeks (53) 6 years ago

Capitulation in any market is a very virtuous thing. You find out who is really in it for the long haul.

$0.05

3 votes

vlemon (78) 6 years ago

Indeed but everyone prefers Bull Markets 😀

Posted using Partiko iOS

$0.03

1 vote

I like bull markets, but I also like phases of accumulation. Picking up dirt cheap hated assets that are later all the buzz.

2 votes

nainaztengra (80) 6 years ago

I am now waiting to hear some good news from this space.....Almost a year...ufff 😃😃

$0.02

Indeed, crypto depression ^^

$0.00

steem-ua (64) 6 years ago

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