One Stop Cryptocurrency NewsCast For Today ?

in bitcoin •  5 years ago 
📮 24-11-2019

📈 MarketCap:                  $201 B
📊 24h Mcap %:                  0.53%
⚠️ Bitcoin Dom:                 65.3%

📌 Active Coins:                2,510

📍 24h Vol %:                 -35.77%
💲 24h Vol:                     $59 B

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1.  The European Investment Fund (EIF) and the European Commission have together put up €100 million (over $110 million) for a dedicated investment scheme that will make capital available to AI and blockchain projects via VC funds or other investors. The EIF said private investors are expected to bring up to €300 million ($331 million) into the fund, while the total could rise further from next year. The EU had already spends plenty on blockchain with expected spending for 2019 is $674 million.

2.  Coinbase Custody, the cryptocurrency exchange’s storage unit, has expanded its Tezos (XTZ) staking service to all global clients. Announced Thursday, Coinbase Custody said it is transitioning to an internationally-based staking service, where all of its global clients can have access to the service. Initially only available for institutional clients, the staking service was recently extended to all U.S. customers of Coinbase Custody and now it has been made available to all investors globally.

3.  As Bitcoin is hanging on to $7,200, following a disastrous past 24-hours, the Futures market is celebrating. With the significant drop in the price of the Bitcoin, the increased volatility has spurred the derivatives market, and institutional investors are not holding back. The Chicago Mercantile Exchange [CME] saw their Bitcoin Futures volume soar, following the November 22 price crash. Over 11,500 contracts were traded, with each contract representing 5 BTCs, resulting in the volume soaring past $400 million.

4.   The chairman of the United States Commodity Futures Trading Commission (CFTC), Heath Tarbert said regulators should first fully understand the outcomes and potential risks of digital assets before enforcing their rules. He told "we don’t want to do is take a heavy hand and snuff out innovation altogether" "Given the rapid pace of innovation and the markets supporting it, taking a principles-based approach to regulating digital assets and other fintech products would permit a period of development and observation." he added.

5.  Transactions on the third-largest cryptocurrency by market cap skyrocketed to an all-time high of 3.53 million on Friday, soaring past its previous high of 1.70 million, which was set back in January. The transactions are well ahead of BTC, ETH, BCH and LTC, with Ethereum coming in behind XRP at 794,000 transactions in the last 24 hours. Big data analyst and Forbes contributor Thomas Silkjær, added the XRP Ledger is currently processing roughly 90 transactions per second.

6.  While President Trump has scorched Bitcoin with his anti-crypto remarks, his alma mater, Wharton, the business school of the University of Pennsylvania is offering its first student-organized course on cryptocurrency technology. The seven-week series, entitled “Managing Disruptive Change: Cryptocurrencies,” explores the technology’s history and related businesses that use cryptocurrencies to transfer money and value, redesign payment rails and business transactions, and reimagine monetary systems.

7.  Despite the Bitcoin price dropping heavily over the past few days, many in the crypto community remain optimistic. One of crypto analysts is pointing out the high figure of the Fear and Greed Index, claiming that this could be a good sign for Bitcoin. He says that the Fear & Greed Index has surged with fear rising 23 percent. The expert says the big growth of the index is good. This is because as fear grows, greed surges right after it. Major investors tend to follow fear of the market majority and start buying when fear rises.

8.  Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement (MoA) with a branch of the Philippines’ Department of Science and Technology (DOST) to support the development of local smart cities. BCB Blockchain contributed $300,000 to support incubators and startup accelerators in the Philippines by signing an MoA with the Philippine Council for Industry, Energy, and Emerging Technology Research and Development. The joint initiative intends to facilitate the development of local startups focused on the creation of smart city projects.

9.  Bitcoin price fluctuations should not be an issue for the holders of the digital currency that could survive a nuclear war. According to early cypherpunk Nick Szabo, Bitcoin could be the most durable digital currency in case of a nuclear war. It takes only one active Bitcoin node to keep the network alive. As Szabo points out, there are 9,000 copies of the full Bitcoin transaction history that are located in 90 countries. If this scenario were to take place, Bitcoin would prove to be more resilient than fiat money that could be easily incinerated.

10.  As the market has seen dramatic jumps, and slow slides, many have remained on the sidelines, waiting to see what happens next. However, recent buying activity has indicated ‘whales,’ are entering into the market. The general understanding is that those who buy such large volumes are likely aware of market forces, and could be timing the bottom. One popular user in the cryptocurrency trading space, cryptodemedici, tweeted whales potentially buying in, while we’re at the bottom.
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