๐Ÿ—ž Daily Crypto News, February, 19th๐Ÿ’ฐ

in bitcoin โ€ขย  last monthย  (edited)

  • Is Bloomberg Looking to Take Yang's Spot as the Crypto-Friendly Candidate? ;
  • Bitcoin Coders Confront an Old Quandary: How to Upgrade an Entire Network ;
  • Bitcoin $727B Annual Investment Flow Can Beat Visa Next Halving โ€” Data ;
  • Bitcoin and Altcoins Target Fresh Highs Post Recent Rally ;
  • Interview with @andrarchy about TRON and OpenLink. ;
  • ๐Ÿ—ž Daily Crypto Calendar, February, 19th ๐Ÿ’ฐ
  • STEEM Trading Update

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

๐Ÿ—ž Is Bloomberg Looking to Take Yang's Spot as the Crypto-Friendly Candidate?

Former New York mayor and present-day Presidential candidate Mike Bloomberg seems to be snuggling up to the crypto community.

In a proposal for financial reform released Feb. 18, the Democratic candidate not only wrote about cryptocurrency as an asset class, but also offered a regulatory framework for cryptocurrency in the U.S. That framework remains vague, running some 100 words in total, but it does represent a solid chunk of attention aimed at the blockchain world.

With Andrew Yang recently dropping out of the race, crypto enthusiasts lost their choice candidate. Yang was an outspoken proponent of new technologies during his campaign, openly hailing everything from artificial intelligence to blockchain databases as important developments that will help carry humanity forward.

๐Ÿ—ž Bitcoin Coders Confront an Old Quandary: How to Upgrade an Entire Network

An old debate is resurfacing in the bitcoin developer community, underscoring one of the critical challenges facing decentralized systems: how to update the software when ostensibly no one's in charge.

The catalyst this time is called Taproot/Schnorr, a years-in-the-making privacy and scaling upgrade that's seen exciting progress recently, especially now that the code in the form of a "pull request" is being reviewed and tested, bringing a change first discussed years ago closer to reality.

The code change itself isn't controversial among developers so far. What is up for discussion is the best way to activate the change, making it finally possible to send bitcoin (BTC) transactions in this new way.

At the heart of why there's a question about this at all is that bitcoin has no leader and is distributed across the globe. How does the whole network smoothly upgrade in a way that's backward-compatible, allowing those with older versions of the software to continue participating? What's the best way for bitcoin to make this type of change without disruption?

๐Ÿ—ž Bitcoin $727B Annual Investment Flow Can Beat Visa Next Halving โ€” Data

Bitcoin (BTC) is already processing 1% of the worldโ€™s GDP and the number is growing by โ€œan order of magnitudeโ€ every halving cycle.

According to statistician Willy Woo, who analyzed data from monitoring resource Coin Metrics, Bitcoinโ€™s investment flow is $727 billion annually.

BTC processes $727B per year

The number is almost 10% of payment processor Visaโ€™s transaction volumes each year โ€” Visa processes $8.8 trillion in transactions.

๐Ÿ—ž Bitcoin and Altcoins Target Fresh Highs Post Recent Rally

Bitcoin price is up around 4% and it climbed back above USD 10,000.
Ethereum gained 5% above USD 275 and XRP is closing in towards USD 0.300.
ABBC, DX, ICX CENNZ are gaining bullish momentum today.

Similarly, there were strong gains in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD tested the USD 285 resistance and it is currently consolidating gains. On the other hand, XRP/USD is struggling to gain bullish momentum above the USD 0.295 and USD 0.300 resistance levels.

Total market capitalization

๐Ÿ—ž Interview with @andrarchy about TRON and OpenLink.

Link HERE

๐Ÿ—ž Daily Crypto News, February, 19th๐Ÿ’ฐ

  • Stellar (XLM)

"Want some help getting started building your very own Stellar wallet? Come to tyvdh's workshop in San Francisco on Wednesday, February 19."

  • Binance Coin (BNB)

CoinEx lists BNB. Deposits open on Feb 13th at 3:00 (UTC). Trading begins on February 19th at 3:00 (UTC).

  • Bitcoin Cash (BCH)

"Bitcoin Cash -What it is and How to use it" in Detroit from 7 PM - 9 PM (EST).

  • Ravencoin (RVN)

"NEW LISTING: Watch this 60-second clip to familiarize yourself with @Ravencoin $RVN, listing on #OKEx next Wednesday, Feb 19"

  • Lambda (LAMB)

Founder interviewed on Chinese TV show "Branding Talk" from 12:30 - 12:45 (UTC+8).

  • COTI (COTI)

BlockFyre hosts COTI AMA on their Telegram at 1 PM (EST).

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

The bounce on the BTC is helping us to confirm the bounce from the support line at 0.21$. Yesterday, I was saying you that that line was still alive and this nice bounce just confirmed it. We broke back the resistance line at 0.23$ and we could try to go test the previous high around 0.29-0.30$. Go go STEEM and show us that this blockchain has still a nice future.

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Last Updates

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