🗞 Daily Crypto News, February 6th 💰

What to Expect When CFTC, SEC Chiefs Talk Crypto With Congress;
Traditional Markets Nosedive, Following Bitcoin’s Own Slump Below $7k;
New York Wants a Piece of the Ever Growing Bitcoin Mining Pie;
Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies;
What Is Augur?
📑 Daily Crypto Calendar, February 6th 💰
STEEM Trading Update by Hive account@cryptopassion

🗞 What to Expect When CFTC, SEC Chiefs Talk Crypto With Congress

Congress is set to hold what may be the most consequential hearing in years on the subject of cryptocurrency, with the heads of the two main U.S. financial market regulators in the hot seat.

J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at the Securities and Exchange Commission (SEC), will testify on Capitol Hill tomorrow. And the process of fielding questions from the Senate Banking Committee is likely to yield one or two notable moments given recent developments in the space – including those involving the agencies themselves.

🗞 Traditional Markets Nosedive, Following Bitcoin’s Own Slump Below $7k

The Dow Jones Industrial Average dropped more than 1,100 points Monday, Feb. 5 to its lowest point since 2011, while Bitcoin (BTC) also dipped below $7000 for the first time since November.

The market dive took place around 2:40 pm EST, with reported trading volume at almost double the 30-day average, according to Bloomberg.

🗞 New York Wants a Piece of the Ever Growing Bitcoin Mining Pie

Watch out Canada! New York wants a piece of the bitcoin mining market, securing for its residents revenues and jobs that come along with the electricity intensive process. Bitcoin mining might even help revive local economies that once relied on polluting industries.

🗞 Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

Britain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA.

🗞 What Is Augur?

In the past, prediction markets have generally been centralized, and the optimal way of aggregating trades has been through the use of a physical ledger. However, it should be understood that centralized prediction markets come loaded with innate risks and limitations. For example, they not only restrict global participation, but also require traders to place their trust in a third-party operator.

Read more & Source: https://themerkle.com/what-is-augur/

Daily Crypto Calendar, February, 6th

Edgeless (EDG)

"Edgeless will be participating in ICE 2018 in London! One of the largest international gaming events!"

Bytecoin (BCN)

"There will be a beta version of the new stable API that every user will be able to test."

Equal (EQL)

EQUAL's BitcoinTalk Bounty Campaign starts on Tuesday the 6th of Febuary!

EOS (EOS)

EOS Developer Meetup in Seoul, Korea slated for the 6th of February, 2018.

Monero (XMR)

Monero Los Angeles Meetup

STEEM Trading Update by Hive account@cryptopassion

We finally broken our support line on the STEEM :

We have still the little support line from the previous BOTTOM to help us to stop the drop but yeah we are not in a good postion...

I'm also a little bit afraid about the pattern that I see as we could interpret it as a Head and Shoulders which is a very bearish pattern.

Let's see my friends if we break also the support line in orange. I would advise you to stop to buy STEEM if you see that we are breaking that line in orange also because it means the BOTTOM is still not there.

However, if you see that we stay between these 2 lines and we are not able to break the orange line, it is a good level to buy back some STEEM but always in several parts, it is really important to avoid stress if we continue to drop and also to keep money to buy below.

🗞 Daily Crypto News, February 6th 💰

🗞 What to Expect When CFTC, SEC Chiefs Talk Crypto With Congress

🗞 Traditional Markets Nosedive, Following Bitcoin’s Own Slump Below $7k

🗞 New York Wants a Piece of the Ever Growing Bitcoin Mining Pie

🗞 Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

🗞 What Is Augur?

Daily Crypto Calendar, February, 6th

STEEM Trading Update by Hive account@cryptopassion

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