🗞 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

Read more & Source: https://steemit.com/steemit/@vlemon/steemit-statistics-and-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”

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.

Read more & Source: https://cointelegraph.com/news/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

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.

Read more & Source: https://news.bitcoin.com/no-strong-case-to-ban-crypto-trading-singapore-says/

🗞 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.

Read more & Source: https://www.coindesk.com/ethereum-users-losing-money-devs-dont-quite-know/

🗞 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.

Read more & Source: https://cointelegraph.com/explained/south-korea-and-crypto-regulations-explained

🗞 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.

Read more & Source: https://www.ethnews.com/cftc-issues-timely-advisory-for-cryptocurrency-retirement-accounts

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.

Read more & Source: https://steemit.com/bitcoin/@vlemon/daily-crypto-calendar-february-7th

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.

• 🗞 Daily Crypto News, February 6th💰
• 🗞 Daily Crypto News, February 5th💰
• 🗞 Daily Crypto News, February 4th💰
• 🗞 Daily Crypto News, February 3rd💰
• 🗞 Daily Crypto News, February 2nd💰
• 🗞 Daily Crypto News, February 1st💰
• 🗞 Daily Crypto News, January 31st💰
• 🗞 Daily Crypto News, January 30th💰

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