Daily Cryptos Espresso – 02 Jun 2019

The difficulty of mining Bitcoin (BCT) has increased to a new level and the processing of one block requires now 10 minutes. The difficulty had dropped to about one half last November and December. The increase shows a renovated interested in mining Bitcoin. On the other hand, Ethereum difficulty is still down despite the increase in the value of the corresponding cryptocurrency. Given this climate of general interest toward Bitcoin, technical analysts remain bullish despite the sudden crash of $ 1,000 in value registered on May 30 overnight. In a few hours, BTC dropped from approx $ 9,000 to approx $ 8,000, then regaining immediately $300 and positioning at $ 8,450 as we speak. Experts have not yet come up with an explanation of the crash.

  • Bitcoin’s Difficulty Reaches All Time High

    TrustNodes    
    02 June 2019

    The difficulty adjustment has now returned blocks back to one every circa 10 minutes, with miners seemingly regaining confidence in bitcoin. We can see ethereum’s hashrate started falling way before bitcoin and over a longer period of time from circa May 2018 to about February 2019.

  • Bitcoin's Overnight Crash Doesn't Stop Experts From Remaining Macro Bullish

    CoinTelegraph    
    02 June 2019

    Bitcoin Crypto traders are trying to figure out exactly what triggered a flash crash that brought the price of Bitcoin’s pair with the Canadian dollar crashing down to as low as $101 CAD.

  • Bitcoin Flash Crash Sends BTC/CAD Pair to Nearly Zero – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, NEO, Tron

    The Daily Hodl    
    02 June 2019

    From a huge Bitcoin flash crash on the crypto exchange Kraken to new adoption for Ethereum, here’s a look at some of the stories breaking in the world of crypto. Bitcoin Crypto traders are trying to figure out exactly what triggered a flash crash that brought the price of Bitcoin’s pair with the Canadian dollar crashing down to as low as $101 CAD.

  • Ethereum’s Social Media Project Not Welcome

    The announcement of Voice, a new social media platform developed by Block.one, brings down the value of EOS. Voice intends to be a more transparent alternative to Facebook. Only real people will share their ideas, in contrast to robots and fake accounts. Block.one, which is the major developer behind Ethereum, is also working on an improved version of its protocol that will process smart contracts 12 times faster.

  • The Crypto Market Didn't Like New Voice of Block.one, EOS Drops

    Crypto News    
    02 June 2019

    EOS price dropped following the news that Block.one, company behind the EOS blockchain platform, aims to launch a new social media project, Voice. Rumors that Block.one will launch a blockchain based alternative to social media giant Facebook (that is working on its own coin) were circulating for at least a week before the official announcement was made.

  • Multi-Billion-Dollar Crypto Team Launching New Social Media Platform on EOS

    The Daily Hodl    
    02 June 2019

    According to the official announcement, “Voice is a more transparent social media platform for the world, where the value of good content gets circulated right back into sustaining the community, not corporate bottom lines.” CEO Brendan Blumer says Voice will flip the Facebook model, prioritizing people over profits.

  • What History Shows us About the Crypto Market During Summer

    Crypto News    
    02 June 2019

    According to a study by Barron’s, if you would have sold your equity portfolio at the end of May to re-enter the market in October, you would have generated 0.7% more returns on average than investors who stayed invested during that period over the past 30 years.

  • Binance DEX Will Geoblock Users From 29 Countries, Including the US

    CoinTelegraph    
    02 June 2019

    | Source: binance.orgThe pop-up also warns about how trading and accessing the wallet interface through the website will be blocked for users with IP addresses from the aforementioned countries.Lastly, the message also links to a list of wallets supporting the Binance Chain (BNB) mainnet, suggesting them as alternatives for holding and managing the assets.Binance has not replied to Cointelegraph’s request for comment on the move at press time.Many in the crypto community characterized the finding as an indication that the DEX is in fact not decentralized.

  • Got Crypto? Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) Buys You Oceanfront Modern in Florida

    The Daily Hodl    
    02 June 2019

    The vacation home is located in Port Antigua, a community in Islamorada which is known for its coral reef, snorkeling, marine life and tropical climate. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.

  • Could Bitcoin Become the Unhackable Backbone of the Internet?

    Crypto News    
    02 June 2019

    Microsoft proposes to use Bitcoin as a hack-proof, record-keeping device to shield your digital life from unauthorized usage, behind-the-scenes disclosure, or outright theft. It morphs into a neutral, borderless, censorship-resistant, immutable record of human activity. The very fact that a major player like Microsoft is exploring and developing this new use-case for Bitcoin is potentially a game-changer for the future.

  • How Governments Fail at Imposing a Crypto Tax

    The Daily Hodl    
    02 June 2019

    Most regulations deal with crypto taxation in a very relaxing manner, relying on citizens themselves to report their capital gains on Bitcoin and other cryptocurrencies. Overall, simply removing the crypto taxation law provides the government 100% of the tax goal, while the implementation of the tax law, would give them around 40%.

  • We Should Focus on Tokenizing Real Assets Says Germany’s Central Banker

    TrustNodes    
    02 June 2019

    No intermediary is required for this, no central office confirming the transfer.” In conclusion, while speaking at a conference by the Center for Financial Studies (CFS) earlier this month, Balz said: “We should all work to find ways to use Blockchain technology where it really adds value: tokenizing real assets… We are still at the beginning, but as many have realized, technical innovation is much more often evolutionary than revolutionary.