🗞 Daily Crypto News, November, 14th💰

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(Edited)

  • Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push ;
  • Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO ;
  • Bitcoin Fixes This: PayPal Cuts Payouts to Over 100,000 Pornhub Models ;
  • EU Must Coordinate Crypto Regulation to Become Global Leader: AFME ;
  • Ethereum’s Hearthstone Rival Sets Volume Record After Blizzard Scandal ;
  • 🗞 Daily Crypto News, November, 14th💰
  • STEEM Trading Update

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

🗞 Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push

SoftBank-backed OneConnect Financial Technology, the fintech arm of China’s largest insurance company Ping An Insurance, filed a prospectus on Wednesday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The firm plans to list its shares on NASDAQ.

OneConnect’s filing with the SEC today called for a target raise of $100 million, though that figure could go higher.

Reuters reported in September that the company was looking for a New York listing after it failed to go public in Hong Kong with a higher valuation. According to the report, the company had hoped to raise $1 billion through the IPO with a valuation of $8 billion.

The IPO’s underwriters include Morgan Stanley, Goldman Sachs, JPMorgan, HSBC and others.

🗞 Bitcoin Miner Maker Canaan Sets $100 Million Target for US IP

Canaan, the world’s second-largest bitcoin miner maker, intends to raise about $100 million in its initial public offering (IPO) in the U.S.

The Hangzhou, China-based manufacturer of the Avalon bitcoin miner updated its IPO application with the U.S. Securities and Exchange Commission (SEC) on Wednesday. It’s aiming to offer 10 million American depositary shares (ADS) with each at a price of between $9 and $11.

If Canaan receives enough investment interest, the offering would rake in $100 million, making it the first major bitcoin miner maker to go public in the traditional stock market.

🗞Bitcoin Fixes This: PayPal Cuts Payouts to Over 100,000 Pornhub Models

Bitcoin (BTC) is being championed as the solution to a new payment crisis affecting the adult entertainment website

Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models.

Pornhub hits out at attack on “livelihoods”

Previously, models throughout the world received payouts via PayPal, which has not publicly stated why it cut them out of its platform.

“We are all devastated by PayPal's decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,” the blog post reads.

🗞 EU Must Coordinate Crypto Regulation to Become Global Leader: AFME

Europe has the potential to become a global leader in crypto-assets if it succeeds to create a common approach to regulating the sector.

So goes the argument in a new report from financial markets advocacy group, The Association for Financial Markets in Europe (AFME), in a new report published on Nov. 14.

Coordination remains the top priority

AFME’s new report sets out five recommendations for achieving supervisory convergence in regulating crypto assets across the bloc.

Chief among these is to establish a pan-European crypto-asset classification scheme, which can foster a common understanding of various terms and activities relating to crypto-assets in financial services.

🗞Ethereum’s Hearthstone Rival Sets Volume Record After Blizzard Scandal

Ethereum (ETH) based trading card game Gods Unchained has far outstripped CryptoKitties by volume after a censorship scandal involving game-developer Blizzard.

As blockchain research platform Coin Metrics noted on Nov. 12, the past month has seen activity explode for the game, with interest dwarfing that of CryptoKitties at its 2017 peak.

Data: Gods Unchained volume five times higher

In terms of daily transfers of its non-fungible tokens (NFTs), Gods Unchained was recording almost 500,000 such transfers per day at the end of last week.

By contrast, even at the height of the CryptoKitties craze in late 2017, transfers there totaled less than 100,000.

🗞 Daily Crypto News, November, 14th💰

  • Binance Coin (BNB), Crypto.com Coin (CRO), General Event (CRYPTO), Litecoin (LTC), SingularityNET (AGI), TRON (TRX), Horizen (ZEN)

BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14-15.

  • NEO (NEO)

"Glad to have @Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!"

  • Basic Attention Token (BAT)

"If you're in London on Nov. 14th, don't miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFI..."

  • Basic Attention Token (BAT), Binance Coin (BNB), General Event (CRYPTO), Eidoo (EDO), STASIS EURO (EURS), Utrust (UTK)

Conference Milan

  • Monero (XMR), Zcash (ZEC)

Indodax lists ZCash and Monero. Deposits start Nov 13 at 2:00 PM (UTC+7). Trading begins at 2:00 PM (UTC+7).

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

We had 4 attempts to break that support line in the past days but all failed. Quiet nice for the STEEM. We need now that the BTC starts a UP to really take distance from that support line. If we stay very close and that the BTC starts a correction, I'm afraid we finish to break our support and go directly test the lows...

Last Updates

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