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🗞 Daily Crypto News, December, 30th💰

76
5 years ago
in#cryptocurrency

  • China May Soon Have Its First Blockchain Exchange-Traded Fund ;
  • Huobi Indonesia Adds Fiat-to-Crypto Gateway in Bid for Global Expansion ;
  • Apple May Remove Coinbase’s Mobile DApp Browser from App Store ;
  • Ethereum’s ‘Bazaar’ Development Model Will Pay Off in 2020 ;
  • Sovereign Powers Could Be Key to Mass Crypto Adoption ;
  • 🗞 Daily Crypto News, December, 30th 💰
  • STEEM Trading Update

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

🗞 China May Soon Have Its First Blockchain Exchange-Traded Fund

China Securities Regulatory Commission (CSRC), the country's financial watchdog, has recently received an application for listing an exchange-traded fund (ETF) that will track blockchain-related stocks as underlying assets.

Dubbed Penghua Shenzhen Stocks Blockchain ETF, the application was filed by Shenzhen-based asset management firm Penghua Fund and was accepted by the CSRC on Dec. 24, according to the regulator's disclosure.

The proposed ETF aims to track and reflect the performance of Shenzhen-listed public stocks that have businesses in the blockchain industry.

Based on a report from Shanghai Securities News on Thursday, if the application received final approval by the CSRC, it would be the country's first completely blockchain-themed ETF that are open to public investors.

🗞 Huobi Indonesia Adds Fiat-to-Crypto Gateway in Bid for Global Expansion

Huobi Indonesia will institute a fiat gateway for trading 250 cryptocurrencies in the country.

Announced Dec. 27 in a press release, the Indonesian wing of Huobi Group looks to facilitate cryptocurrency trading in Southeast Asia’s largest economy.

According to the firm, Huobi Indonesia boasts 50,000 registered users, of which approximately 10 percent are active in daily trading. Approximately $374,000 was transacted in the most recent available daily data.

With this play, the Jakarta-based firm hopes to gain market dominance in Indonesia, said Xiong Dan, Huobi Indonesia CEO, in the announcement. Crypto exchanges Coinmama, LocalBitcoins, and Luno are frequently cited avenues for purchasing bitcoin in Indonesia.

🗞 Apple May Remove Coinbase’s Mobile DApp Browser from App Store

After Google removed Ethereum-based decentralized application (DApp) browser MetaMask from its Android application store, Apple may now force Coinbase to remove the DApp browser feature from its crypto wallet application.

According to a Reddit post published on Dec. 28, United States-based cryptocurrency exchange Coinbase warned its users that in order to comply with Apple’s mobile App Store policy, it might be forced to remove the DApp browser feature from its wallet application. Coinbase CEO Brian Armstrong commented on the post:

“Coinbase CEO here. This is really unfortunate to see. Apple seems to be eliminating usage of Dapps from the App Store. [...] Presumably this would extend to other wallets as well (Trust, Argent, Metamask) it’s beyond Coinbase and IMO a very big threat to the ecosystem.”

🗞 Ethereum’s ‘Bazaar’ Development Model Will Pay Off in 2020

My life would be much easier if I could give you an exact date when Ethereum 2.0 will go live, if I could show you a two-year committed road map or explain precisely how cross-shard transactions will preserve DeFi composability. I’m pretty sure failing to have answers on issues like these would have gotten me fired from my old, corporate job.

But I am completely confident of this: 2020 is Ethereum 2.0’s year of delivery. The signal event will be the genesis of the beacon chain in the early part of the year. With three or four production-ready clients and 500,000 ether staked, this new Proof-of-Stake chain will start completing the first and most challenging phase of Eth2’s delivery.

How can I be so sure of this yet relaxed about not having all the details nailed down? Well, that’s the magic of Ethereum’s development approach. It’s an approach I’ve learned to trust over the 18 months we have been building this. Amid all the market ups and downs and all the competitive uncertainties, this approach continues to deliver. I call it ethereum’s superpower.

🗞Sovereign Powers Could Be Key to Mass Crypto Adoption

Nation-states made a more substantive impact this year than the ten previous years of crypto combined. China’s statist approach, in particular, may prove to be a catalyst to the still elusive “mass adoption of crypto.”

In the US, the SEC made headlines with several high-profile enforcements including EOS, Telegram, and kin, while federal lawmakers made their presence felt regarding Facebook’s Libra. FINCEN’s KYC/AML guidance factored prominently, and token sales and SAFT rounds slowed in 2019, driving much of the fundraising activity towards exchange platforms, causing a short blip of popularity in IEOs.

Regulatory action may have caused deal flow to slow, U.S. entrepreneurs and investors say, even if Silicon Valley will continue to produce some of the most compelling innovation in blockchain. As the industry moves forward into bitcoin’s second decade, there will continue to be high-drama friction as we try to reconcile crypto-anarchist ideals of pseudonymous participation with long-standing regulations around securities, KYC/AML and money-transmission laws.

🗞 Daily Crypto News, December, 30th 💰

  • Bitcoin (BTC)

Bitcoin Futures Contract (BTCZ19) settles on December 30, 2019.

  • Mithril (MITH)

"Starting late December 2019, MITH holders will only need to deposit their MITH into their Steaker account to start earning MITH."

  • VeChain (VET)

"Reminder: Polls will be open until 10:00 UTC+8, December 30th, 2019."

  • MovieBloc (MBL)

MovieBloc Official Service will be launched on December 30th 2019.

  • 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 :

So the support line at 0.124$ did again its work and create a bounce which almost touched the 0.138$ resistance line. However the correction on the BTC is stopping our progress towards that line so not sure we will be able to reach that line. let's see what will be the result on the BTC. It could help us to reach that resistance line and perhaps even break it.

Last Updates

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5 years ago
vlemon76
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