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🗞 Daily Crypto News, January, 13th💰

76
5 years ago
in#bitcoin

  • Ethereum Classic Successfully Completes ‘Agharta’ Hard Fork ;
  • Bitcoin Price $4K by April? One Big Reason to Not Be Bullish Just Yet ;
  • New CME Bitcoin Options Spark ‘Unusually Strong Activity’ — JPMorgan ;
  • LedgerX Board Member Says Company in Disarray After Founders’ Ouster ;
  • How Close Are We to Hyperbitcoinization – Total Bitcoin Dominance? ;
  • 🗞 Daily Crypto News, January, 13th 💰
  • STEEM Trading Update

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

🗞 Ethereum Classic Successfully Completes ‘Agharta’ Hard Fork

Ethereum Classic successfully completed the “Agharta” hard fork at block number 9,573,000 at 06:26 UTC on Sunday, according to etcnodes.org.

Similar to the network’s last backwards-incompatible upgrade in September, Atlantis, Agharta makes ethereum classic more interoperable with sister-chain ethereum. As part of the hard fork, the Constantinople and St. Petersburg upgrades deployed in tandem on the ethereum network last February will be enabled under Ethereum Classic Improvement Proposal (ECIP) 1056.

The 20th largest cryptocurrency by market capitalization, ethereum classic and ethereum engaged in a messy divorce following the 2016 DAO hack. Ethereum classic community members opted to not roll back the transactions enabling the DAO hacker to steal the funds; meanwhile, ethereum hard forked, partially reclaiming the hacked funds.

🗞 Bitcoin Price $4K by April? One Big Reason to Not Be Bullish Just Yet

Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now. Even I saw some bullish momentum as outlined in last week's analysis, but have we seen the bottom yet? Or is there more downside to come before we resume a bull trend?

The monthly MACD is bearish

🗞 New CME Bitcoin Options Spark ‘Unusually Strong Activity’ — JPMorgan

The United States’ largest bank believes interest will be high in CME Group’s new Bitcoin (BTC) options when they launch on Jan. 13.

In a note from Jan. 10 quoted by Bloomberg on Friday, a group of analysts at JPMorgan Chase led by Nikolaos Panigirtzoglou noted interest in CME’s existing Bitcoin futures had spiked in the run-up to the release.

“High anticipation” of Bitcoin options

On the shift in investor behavior, JPMorgan summarized:

“This unusually strong activity over the past few days likely reflects the high anticipation among market participants of the option contract.”

🗞LedgerX Board Member Says Company in Disarray After Founders’ Ouster

A LedgerX director and investor has withdrawn his funds and alleged the company may be failing its investors in a dramatic letter obtained by CoinDesk.

Nicholas Owen Gunden wrote in a letter addressed to the LedgerX Holdings board, LedgerX LLC board, LedgerX shareholders, and the Office of the Inspector General at the Commodity Futures Trading Commission (CFTC) that he was concerned about how the bitcoin derivatives provider was operating since the company’s founders were placed on administrative leave on Dec. 9.

“I am concerned with recent developments at the company, particularly the fact and manner in which the founders, Paul Chou and Juthica Chou, and particularly Juthica, have been barred from continuing their roles at the company,” he wrote.

🗞How Close Are We to Hyperbitcoinization – Total Bitcoin Dominance?

Experts believe that bitcoin still has a long way to go before it gains mainstream global acceptance – but believe that the token could become a global mainstay, and even eclipse the dollar by 2030.

Industry insiders call the phenomenon “hyperbitcoinization” – the widespread, global adoption of Bitcoin that will see it eventually surpass conventional fiats like the dollar, the euro or the yen.

But what do experts mean when they talk about hyperbitcoinization – and can industry players do anything to help speed it up?

In 2014, Daniel Krawisz, Director of Research at the Satoshi Nakamoto Institute, explained the concept of hyperbitcoinization in a blog post. He wrote:

“Hyperbitcoinization is a voluntary transition from an inferior currency to a superior one, and its adoption is a series of individual acts of entrepreneurship rather than a single monopolist that games the system.”

🗞 Daily Crypto News, January, 13th💰

  • Chiliz (CHZ)

"The [Bitfinex trading] competition starts on January 13th, read more details and get ready"

  • Cosmos (ATOM)

On Monday, January 13, transfer ATOM into your Coinbase Pro account ahead of trading. Support for ATOM will be available in all Coinbase’s.

  • Experty (EXY)

Followers filters: you’ll be able to filter your Followers by a country, browser and/or OS!

  • Zcoin (XZC)

Bitcoin.com Listing

  • Function X (FX)

"On 13 Jan, we will be launching a new monthly publication where we share ecosystem progress updates and product development."

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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 are still in the consolidation phase after the attempt to try to break the resistance line at 0.138$. As I explained you yesterday, we could go test the support line at 0.124$ and find the volatility needed to try again to break the resistance line at 0.138$. Let's hope we won't break again the support lien at 0.124$ because it would be a very bearish signal.

Last Updates

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5 years ago
vlemon76
via steempeak
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