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🗞 Daily Crypto News, January, 1st💰

76
5 years ago
in#bitcoin

  • The Biggest Crypto Winners of 2019 ;
  • In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy ;
  • Katherine Wu on DeFi and the Inevitability of the Digital Yuan;
  • Bitcoin: 4 Big Competitive Advantages Over Altcoins in 2020 ;
  • Ethereum Network Overcame Intentional Attack Affecting Parity Nodes;
  • 🗞 Daily Crypto News, January, 1st 💰
  • STEEM Trading Update

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

🗞 The Biggest Crypto Winners and Losers of 2019

Even though the cryptocurrency industry is not new to ups and downs, 2019 has turned out to be the year with the most surprising reveals. The long-lasting bear market of 2018 moved market analysts to call it the year of regulatory reckoning, leaving many jurisdictions uncertain about how to treat cryptocurrencies.

However, 2019 also turned out to be the year of the comeback, as big tech giants like Facebook moved from banning crypto to embracing it.

Fortunately, Bitcoin kicked off the year with a bullish trend that resulted in an approximate price increase of 11% higher by the end of the first quarter. Anthony Pompliano, the co-founder of Morgan Creek Digital asset management firm, shared his view with Cointelegraph:

“Bitcoin’s price is up significantly in 2019 [as there are] more buyers than sellers on a net basis this year.”

Gods Unchained’s rise to popularity

According to reports, Gods Unchained, a blockchain-based virtual card game built on Ethereum, emerged as one of the highest-grossing and most popular blockchain games in 2019. This came about after the platform completely sold out its Genesis Card Pack to the tune of about $6.2 million. This came about after Blizzard, the creators of Hearthstone (a digital trading card game) banned Hearthstone player Chung Ng Wai (also known as Blitzchung) for expressing support for the Hong Kong protests. The Hearthstone game developer also stripped Blitzchung of his winnings.

Coinbase’s continued expansion

In the past, Coinbase maintained a reputation for employing a rather selective strategy for adding coins to its exchange. As one of the big league exchanges in the crypto space, Coinbase is also known for having significantly fewer large-scale hacks. In a year that saw other major exchanges like Binance fall victim to large scale security breaches, leading to the loss of thousands of Bitcoin, Coinbase stands out as a reliable and safe platform.

Binance ventures further

Ask any market analyst and they will admit that initial exchange offerings have grown into a big business in 2019. Reports have revealed a high demand for IEOs right from Q1 2019 to Q3, not to mention the fact that they collectively raised over $1.5 billion in the first half of 2019 alone. Unlike initial coin offerings, the biggest determining factor for a successful IEO is the availability of liquidity, and what better way to access liquidity than launching an IEO on a popular exchange.

🗞 In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy

The U.S. dollar’s century-long reign of the world economy faces a threat over the coming decade – as China’s renminbi strives to become its successor, as some prominent central bankers call for a more sustainable global monetary regime and as cryptocurrencies pose a radically alternative model.

But as the 2020s begin, the dollar looks as strong as ever in global capital markets.

As of Dec. 30, an index of the U.S. dollar’s value is up 24 percent over the past decade, even as the Federal Reserve pumped more than $2 trillion of freshly printed money into the financial system and U.S. national debt more than doubled to about $23 trillion.

🗞 Katherine Wu on DeFi and the Inevitability of the Digital Yuan

Katherine Wu was a founding team member at Messari before moving into a VC role at Notation Capital, but is perhaps best known in crypto for her epic annotations of key regulatory enforcement actions.

In this end-of-year interview with The Breakdown, Katherine argues that decentralized finance is the narrative of 2019, but also that when it comes to 2020, the emergence of a Chinese digital yuan is likely to have a huge impact on the crypto space.

🗞 Bitcoin: 4 Big Competitive Advantages Over Altcoins in 2020

Bitcoin (BTC) easily succeeds over other cryptocurrencies in multiple key areas, which all but guarantee its future as the standard, noted academic Konrad S. Graf has concluded.

In the second installment of a two-part interview with Eurasia Review published Jan. 1, Graf highlighted a plethora of “competitive advantages” inherent to Bitcoin.

Graf has sought to gain exposure for Bitcoin through academic essays, which expand beyond its mechanism of action to situate it within the broader economic system.

🗞 Ethereum Network Overcame Intentional Attack Affecting Parity Nodes

The Ethereum (ETH) network was apparently the target of a coordinated attack, according to several analysts.

Following reports that some Parity Ethereum nodes lost sync with the network, on Dec. 31, core blockchain infrastructure company Parity Technology said it believed there was an attack underway and subsequently released network upgrades to protect against it.

According to cryptocurrency security consultant Sergio Demian Lerner, the attack was implemented in a simple way, wherein “you send to a Parity node a block with invalid transactions, but valid header (borrowed from another block). The node will mark the block header as invalid and ban this block header forever but the header is still valid.”

🗞 Daily Crypto News, January, 1st💰

  • Ethereum (ETH)

"Upgrade your nodes for the Muir Glacier upgrade happening on Jan. 1, 2020!"

  • Bancor (BNT)

"Hold $BNT in Trust Wallet a 12 AM EST on 1/1/2020 to be included in the snapshot & receive the #airdrop"

  • Auxilium (AUX)

Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity.

  • Storj (STORJ)

"On January 1, 2020 we will cease SJCX to STORJ tokens. Complete your conversion by end of year to be sure you don't miss your chance."

  • Ethereum Classic (ETC), XRP (XRP)

"$XRP & $ETC USDT-Perpetual Swap trading will open at 06:00 Dec 30, 2019 (UTC)."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

Here we are going again on that line, the fabulous 0.124 support and resistance line depending if we are upper or lower. So yeah, all this looks like a big consolidation as we are around that line since months now. Let's hope this new year 2020 will create some new volatility and up trend on the STEEM.

Last Updates

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5 years ago
vlemon76
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