One Stop Cryptocurrency NewsCast For Today ?

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1.  The second day of severe losses sees BTC/USD break seven-month lows in a volatile period many are comparing to the bear market trough in December 2018. BTC/USD traded at around $6,800 amid considerable volatility, having bounced back after dipping to $6,430 — its lowest level in over seven months. According to some indicators, current conditions suggest a repeat of Bitcoin’s 2019 transformation may well be on the cards.

2.  Analysts are constantly striving for effective methods of determining a fair value for Bitcoin. According to analyst and asset manager Charles Edwards Bitcoin price could be on the cusp of the massive rally based on its energy value oscillator. Charles Edwards has observed that there is a correlation between the price of Bitcoin and its mining expenditure. In his recent tweet, he points out that the oscillator is in line with the coin's historic price moves but there one condition for history to repeat itself, an uptick in the coin's hashrate.

3.  The CoinMetrics report shows that Bitcoin and its forks are easy to audit, while EOS and Binance Chain are not. CoinMetrics graded each blockchain on two main criteria: the efficiency with which its node software can synchronize with relevant data, and the ease with which that data can be put together to form a complete and meaningful ledger of transactions. CoinMetrics awarded Bitcoin the best in both categories because of its UTXO model, which makes ledger reconstruction straightforward.

4.  Block.One, the firm behind EOS, the seventh-biggest cryptocurrency by market cap, has launched a new $1.5 million grant program to support the EOSIO development. EOS VC, the Block.One’s venture capital arm, plans to award grants worth $50,000 to each qualified project within its new funding initiative, the EOS VC Grants Program. Block.One CEO Brendan Blumer said that the firm intends to identify and empower “even more people to further enrich the ecosystem with fresh ingenuity and imagination” through the EOS VC Grants Program.

5.  Forbes, has launched a cryptocurrency-powered ad-free experience for its website, allowing users to pay a flat fee in ether (ETH) to not see ads on the platform for some time. Forbes deployed two locks on its website. One offers its users an ad-free experience for a month on Forbes.com, while the other offers the same ad-free experience for a week. Users will need to use a browser with a cryptocurrency wallet, such as the Opera browser, or a wallet giving them access to decentralized applications, like MetaMask or Coinbase wallet.

6.  Crypto exchange Bakkt continues to shatter new record with its Bitcoin futures product, inching closer to the $50 mln mark. Bakkt's Bitcoin (BTC) futures product recently set another all-time high. According to Twitter account 'Bakkt Volume Bot,' the ICE-backed crypto exchange managed to trade close to $50 mln worth of its physically-settled Bitcoin futures on Dec. 18. With 6,321 BTC traded in less than 24 hours, it seems apparent that Bakkt has already established itself as a force to be reckoned with in the cryptocurrency industry.

7.  Bitcoin has had a rough few weeks, but venture capital investor Tim Draper believes this is just an accumulation period for investors because Bitcoin and other cryptocurrencies, would soon witness breakout when the floodgate crypto adoption opens up. Tim Draper said in the next two years, people would have the opportunity of choosing between using a credit card that charges 2.5% to 4% for every transaction or Bitcoin which is frictionless. Tim also claims that the Bitcoin will cross the $250K level in 6 months or 1 year after halving.

8.  China is building alliances with top tech leaders to guide the government's efforts to adopt blockchain solutions across all industries. A new partnership with VeChain, a leading blockchain platform for enterprise solutions in supply chain logistics and traceability, will focus on Anhui, the 8th most populous province in China, and its $7.1 billion tea industry. With VeChain technology, tea producers and stakeholders will stand to gain from increased efficiency and productivity in all stages of production in the supply chain as well in traceability efforts.

9.  Coinbase CEO Brian Armstrong has been granted a U.S. patent for an invention that makes sending bitcoin as easy as email. The patent, filed in March 2015, details a system for users to make cryptocurrency payments with email addresses linked to corresponding wallet addresses. The sender makes a request to send cryptocurrency to an email address, and the system automatically transmits the agreed amount – so as long as they have the required balance from the sender's wallet to the wallet corresponding to the receiver's email address.