One Stop Cryptocurrency NewsCast For Today ?

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1.  Bitwise new survey claims among the 400-plus financial advisors they spoke in December 2019, only 6% of them currently have allocations to crypto in their client portfolios. But an additional 7% said they would make such allocations in the new year. The survey found that crypto’s perceived ability to act as an inflation hedge is the number one motivation for including it in portfolios. 76% of them said that clients made inquiries about crypto in 2019 and 72% suspect that their clients may be investing in crypto on their own. Read Full on The Block

2.  Jeffrey Gundlach, CEO of DoubleLine Capital, shares an investment setup happening right now that's historically rewarded patient investors. Prior to this instance, it's occurred just two other times in the last century. Gundlach says the US dollar "should weaken" in the near future — a core expectation that helps dictate some of his other forecasts. Gundlach also says bitcoin will climb as high as $15,000 in 2020. The prediction comes on the heels of his spot-on bitcoin forecast for 2019. Read Full on Business Insider

3.  Bitcoin (BTC) and Ether (ETH) are commodities, while the status of XRP is still unclear, told Heath Tarbert the chairman of the Commodity Futures Trading Commission (CFTC) . Additionally, the CFTC chairman also reiterated his positive stance towards the market of digital assets, noting that the authority has been actively contributing into the market. The chairman said that by allowing cryptocurrencies to “come into the world of the CFTC,” the regulator is allowing the futures market to develop based on these products. Read Full on Cointelegraph

4.  One of the biggest names in the space Andreas Antonopoulos has recently talked on ‘why can the proof-of-work algorithm prevents one party from dominating the record-keeping?’ Antonopoulos highlighted, “A 51% attack cannot change the rules in the long term, they cannot change the rules in the short term, they cannot produce fraudulent transactions and they cannot produce fraudulent blocks, including blocks that lack the necessary proof of work.” Read Full on cryptodaily

5.  Digital asset exchange Binance announced that its futures trading platform, Binance Futures, is launching a new perpetual contract product -- TRX/USDT -- at 08:00 (UTC) on 15 January 2020. to prevent market manipulation, Binance will implement a pricing limit of ±1% on the mark price within the first 30 minutes after trading starts. Binance Futures users will be able to choose between 1x and 75x leverage. Other perpetual contracts offered are BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, EOS/USDT, and LTC/USDT. Read Full on binance

6.  Popular singer, songwriter, music producer, and entrepreneur Akon has announced that Senegalese authorities have granted him a final agreement for the erection of his crypto-friendly “Akon City” in the country. The project portends a 100% crypto-based city with Akoin at the center of transactional life. It is set on a 2,000-acre parcel gifted by the Senegalese president. He belives it’s a 10-year building, which started constructing in March [2019] and stage two is going to be 2025. Read Full on twitter

7.  Fidelity Investments, one of the largest investing firms across the globe, announced that it will serve as the custodian of all bitcoin funds held by Nickel Digital Asset Management in London. The deal makes Nickel Digital Asset Management “Fidelity’s first European partner fund in the digital assets space.” The firm further said that it hopes its new arrangement will help attract more institutional players to the world of digital assets. Fidelity’s as custodian will protect these bitcoin funds from theft and other cyberattacks. Read Full on Decrypt

8.  Venezuela has been taking several measures to boost the adoption of its oil backed crypto, petro. In a new announcement Venezuelan President Nicolas Maduro has said that airlines flying from Caracas, the capital city of the country, must pay for fuel in petro cryptocurrency. The president reportedly also said that taxes and utility bills will be paid for in petros going forward. Maduro did not specify whether the initiative applies to Venezuelan airlines alone or international carriers as well. Read Full on The Block

9.  Yesterday not only did prices of leading digital currencies skyrocket but traders also flocked to trade derivative products associated with Bitcoin (BTC). As highlighted by cryptocurrency market analysis firm Skew, yesterday saw more interest in Bitcoin futures contracts that any other day since October 26. According to the company’s data, more than $25 billion worth of contracts changed hands on January 14. Last time that Bitcoin futures trading saw such volume was in October of last year. Read Full on BeInCrypto