- Ethereum’s Istanbul Hard Fork Is Now Live;
- Decentralized Liquidity Is the Backbone of DeFi;
- Death Spirals and BTC — What Happens When Miners Capitulate?;
- SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor;
- The Stellar blockchain has been running its own version of bitcoin's Lightning Torch since the summer ;
- đź—ž Daily Crypto News, December, 8th đź’°
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Ethereum’s Istanbul Hard Fork Is Now Live
Ethereum has successfully completed the Istanbul hard fork.
Hitting at block number 9,069,000, the systemwide upgrade is the network’s third in 2019, following February’s St. Petersburg and Constantinople hard forks. The months-long process culminated at 0:25 UTC on Sunday.
Another iteration of Ethereum 1.x, Istanbul is the network’s eighth hard fork overall with the first code changes being approved in June 2019. (Eth 2, the network’s major transition to proof-of-stake (PoS), is expected in 2021.) Being non-contentious, all ethereum clients – which host and independently upgrade the ethereum protocol themselves – have agreed to the new software.
đź—ž Decentralized Liquidity Is the Backbone of DeFi
Matthew Prewitt is a cryptoeconomic advisor at Amentum Capital and co-lead of the RadicalxChange. Steven McKie is the CEO of Amentum Capital. The views expressed are those of the authors.
One of the most interesting recent developments in cryptocurrency is the emergence of decentralized liquidity pools.
Algorithmic-based smart contract liquidity pools such as Ethereum’s Uniswap, or privacy-focused, off-chain decentralized exchanges such as Starkware’s StarkDEX are just two examples of projects leading the charge.
Inbound/outbound liquidity is essential for the creation and growth of financial markets. Price discovery, and the ability to move in and out of trade positions, whether they’re from a big institutional firm, or a small-time trader, remains key if crypto is to reach maturity; where its aggregate daily volume could sustain at levels comparable to the legacy financial system.
🗞 Death Spirals and BTC — What Happens When Miners Capitulate?](https://cointelegraph.com/news/death-spirals-and-btc-what-happens-when-miners-capitulate)
The stagnation of the cryptocurrency market has put Bitcoin’s (BTC) price at risk of further decline, as it struggles to recover beyond key resistance levels. A descending price increases the probability of the so-called “miner capitulation” occuring, which is said to have triggered the major BTC drop in December 2018.
Late last year, the Bitcoin price fell to around $6,000 following three months of stability in a tight range between $6,000 and $6,500. The subsequent drop to the $3,000s happened within the span of just one month.
🗞 SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor
The U.S. Securities and Exchange Commission (SEC) wants Telegram’s former chief investment advisor to testify and hand over documents related to the company's $1.7 billion 2018 token sale.
The SEC has asked the High Court of England and Wales to obtain the testimony and documents from John Hyman, a former investment banker with Morgan Stanley and Renaissance Capital who resides in the U.K.
The trans-Atlantic request was revealed in a trove of documents filed by the SEC Friday with the U.S. District Court of the Southern District of New York. The agency is seeking to halt the launch of TON, Telegram’s ambitious blockchain project, and the issuance of TON’s tokens, named grams. The SEC considers grams unregistered securities – an allegation Telegram has repeatedly denied.
đź—žThe Stellar blockchain has been running its own version of bitcoin's Lightning Torch since the summer
Early in 2019 a bitcoin community member known only by a pseudonymous handle, @hodlnaut, launched an experiment known as the Lightning Torch or Lightning Trust Chain. The idea was to test the lightning protocol, a second-layer scaling solution on bitcoin that makes it less expensive to send money (the experiment ended on April 10 as a donation to Bitcoin Venezuela).
Meanwhile, since June 26, Stellar quietly has been passing around its own version of the torch as a simple demo of how easy it is to move money around on the base layer of the proof-of-stake blockchain created by Jed McCaleb.
"I wanted something to bring the community together," Wouter Arkink, the Stellar torch's instigator, told CoinDesk in a phone call. "There's a lot of people building, but you need something that is fun and connecting at the same time."
đź—ž Daily Crypto News, December, 8th đź’°
- TRON (TRX)
Bitfinex trading competition with TRX pairs, lasting from 09/12/19 to 15/12/19.
- PAC Global (PAC)
"Please join us on our PAC Global Discord channel as the PAC Board of Directors talk all things PAC Global," at 5 PM (EST).
- BitCoal (COAL), Ignis (IGNIS)
"Snapshot will be on December 9, 2019 and COAL will be distributed to $IGNIS holder with mainnet @coalculus launch on January 2, 2020!"
- Crypto.com Coin (CRO)
"Live AMA with our CEO @Kris_HK on @cryptocom's Twitter next Monday, 9 December, 11AM HKT."
- Waves (WAVES)
"The voting period for changing Waves’ block reward size is approaching. This will start on 9 December and last for one week."
STEEM Trading Update by my friend @cryptopassion
Here is the chart of my last analysis :
Here is the current chart :
Today, we had a flash break of the resistance line at 0.124$ but the rejection was immediate. We are now testing again this resistance line at 0.124$. Let's hope we will break again that line with volume but more important, that we will stay upper than this line for several hours in order to confirm the break. This line looks really powerfull as we are not able to break it since several days and than it was also a great support line back.
Last Updates
- đź—ž Daily Crypto News, December, 8thđź’°
- đź—ž Daily Crypto News, December, 7thđź’°
- đź—ž Daily Crypto News, December, 6thđź’°
- đź—ž Daily Crypto News, December, 5thđź’°
- đź—ž Daily Crypto News, December, 4thđź’°
- đź—ž Daily Crypto News, November, 24thđź’°
- đź—ž Daily Crypto News, November, 23rdđź’°
- đź—ž Daily Crypto News, November, 22ndđź’°
- đź—ž Daily Crypto News, November, 21stđź’°
