One Stop Cryptocurrency NewsCast For Today ?

📮 09-12-2019

📉 MarketCap:                  $205 B

📊 24h Mcap %:                  0.94%

⚠️ Bitcoin Dom:                 66.3%

📌 Active Coins:                2,390

📍 24h Vol %:                  -3.19%

💲 24h Vol:                     $39 B

1.  Bloomberg News published its rankings of the best performing cryptocurrencies of 2019. Eight of the top 10 coins by market capitalization either decreased in price or were much less appreciated in a year where Bitcoin (BTC) doubled. Only one coin outperformed the largest cryptocurrency - Binance Coin. Binance Coin (BNB), a native token for the Binance exchange ecosystem, surged almost 150% this year. BNB's splendid performance is linked to its role as a payment tool for Binance's exchange services.

2.  Tezos (XTZ) was the top performer of the past seven days by a huge margin. The traders cheered the news that Binance would support zero-fee staking for Tezos from Dec4, This is the second week in running that Cosmos (ATOM) has been among the top-performing coins, which shows that it is backed by momentum. Ripple released a total of 1 billion XRP tokens from its escrow wallet on Dec. 2 but returned it back within seven minutes.

3.  Peter Brandt's analysis shows that the Bitcoin price could surge to a whopping $100,000 during its next parabolic run. Peter Brandt explains how the price of Bitcoin could eventually end up in the six-digit territory. He said "I believe in the long-term narrative of Bitcoin and that Bitcoin is indeed going to $100,000 if not substantially more." As of now, Bitcoin is trapped in a a descending parallel channel on its weekly chart. According to Brandt, an upside break from this channel would confirm that the next bull phase is upon us.

4.  Coinbase Card, a crypto-powered Visa debit card by Coinbase exchange, now supports Dai, a stablecoin pegged to the United States dollar. As 1 DAI is equivalent to $1, the addition of the stablecoin to the Coinbase Card aims to allow customers to spend crypto with less volatility. However, the addition of DAI is not just one more asset to spend but a tool intent on boosting global adoption of alternative payment methods according to Coinbase’s head of growth marketing, JD Millwood.

5.  The People's Bank of China (PBOC), the country's central bank, will soon test its much-anticipated digital currency electronic payment (DC/EP) in the cities of Shenzhen and Suzhou, on track to become the first central bank in the world to issue digital currency. According to the report, PBOC has partnered with seven state-owned companies to roll out the test - four commercial banks and three telecom giants. Report says the central bank is encouraging these banks to come up with their own implementation strategies.

6.  In 2018, Berkshire Hathaway Warren Buffett has called Bitcoin a delusion. He has also stated that he would not be surprised if its not around in 10 or 20 years. In 2019, New data from Charles Schwab, one of the largest brokerage firms in the U.S. has indicated that today more millennials hold a bitcoin-tied investment product, Grayscale Bitcoin Trust (GBTC) in their investment portfolios than Berkshire Hathaway stock.

7.  Space-as-a-service-focused blockchain startup SpaceChain has sent its bitcoin hardware wallet technology to the International Space Station (ISS) using SpaceX Falcon 9 rocket. The 1kg node – only a fraction of SpaceX CRS-19 became the first active bitcoin node on the ISS. The launch is a step forward in a mission of building out a robust, decentralized blockchain infrastructure high above the Earth. The wallet will be beyond any country’s jurisdiction – and well above the reach of any physical hardware hacks.

8.  Bitcoin trading volume in Argentina has broken the all-time high record again. According to the popular monitoring resource Coin.Dance, the volume of Bitcoin traded on LocalBitcoins, has surged to a new all-time high during the first week of December 2019. In the past seven days, 22 million Argentinian Pesos (ARS) worth of BTC changed hands in the country. Furthermore, the overall volume is increasing consistently. The previous record of 20 million was spotted at the beginning of last month only.

9.  The Ukrainian government approves the final version of a money laundering law that will handle virtual assets and virtual asset service providers per FATF guidelines. So with this, people who own assets in digital currency are able to use their holdings as a medium of exchange. The guidelines also focuses on individual crypto transactions worth less than $1,300, from which the government will only collect the public key of the sender for the purpose of financial monitoring.