One Stop Cryptocurrency NewsCast For Today ?

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1.  Bitcoin (BTC) turned down from $8,452.84 on Jan. 8. However, the pullback was short lived as the price is attempting to bounce off the downtrend line that had previously acted as a strong resistance. The bulls have defended the 20-day EMA for the past two days, which is a positive sign. They will now try to carry Ether (ETH) to the $151.829 to $157.50 resistance zone. XRP has given up most of the gains seen on Jan. 6. Read Full on Cointelegraph

2.  Felix Kjellberg, the individual behind Youtube's leading channel—PewDiePe posted a video discussing Tron (TRX)—a top 15 cryptocurrency—and the streaming platform it recently acquired, known as DLive. The Youtube influencer describes the reasons why he decided to join DLive. He highlighted the platform's creator-friendly approach to monetization, which provides creators with 100% of the revenue earned from their content while incentivizing viewers to engage with their favorite creators through the DLive treasure chest. Read Full on decrypt

3.  Bitcoin is widely known as digital gold, and some believe that investors also see the cryptocurrency as a safe haven from global instability. Just like we found around this time last year, there is effectively no correlation between the prices of Bitcoin and gold. Price correlation between Bitcoin and gold has hovered around 0 to 0.2 since late 2013. This would point to a very weak level of correlation between the two assets. Read Full on longhash

4.  Thai Stellar-based blockchain startup Lightnet has raised $31.2 million to boost cross-border payments in Southeast Asian countries. Implementing the Stellar blockchain, a major blockchain protocol that is used to operate eponymous cryptocurrency Stellar Lumens (XLM), Lightnet has a brave plan to replace established payment systems like SWIFT in Southeast Asian market. Chatchaval Jiaravanon, chairman at Lightnet, says that Lightnet is designed to offer low-cost and instant financial inclusivity and mobility to the “four billion lives across Asia Pacific.” Read Full on Cointelegraph

5.  U.S. is no longer the top recipient of Bitcoin (BTC) as valued in USD, as Singapore took the lead over the course of 2019. Global users sent BTC valued at $8.58 billion to Singapore in 2019. Users in Singapore received more dollars via Bitcoin last year than anywhere else in the globe. The U.S. held the top spot from 2014 to 2018 but slipped to 2nd place, receiving $7.46 billion in BTC. Singapore, however, did not send the most money via Bitcoin last year. Island country Seychelles sent the greatest USD amount of Bitcoin in 2019, valued at $10.07 billion. Read Full on Cointelegraph

6.  Bit Sika, a Jack Dorsey-approved crypto remittance startup from Africa, has already hit $1 million in transactions after launching only four months ago. The app is a startup that has only been around for about four months at this point, and it allows users to send and/or spend money in Nigeria and Ghana. However, the app made headlines due to major use, which allowed it to reach a milestone of $1 million in transactions within the past four months. According to statistics, the average value of each transaction on the platform is approximately $200. Read Full on Bitcoinist.com

7.  Ripple executive, Marcus Treacher, said that sending and receiving low-value payments in real-time would accelerate in 2020. Keeping Ripple’s payment system as a reference point. Treacher explained, the global economy would experience further growth of micro and wallet payments in the coming year. He added that the traditional and large-value batch flows would decline, while low-value and high-volume payments would be on the rise. Which would help the Small and Medium Enterprises (SMEs) break into new markets much faster. Read Full on AMBCrypto

8.  Fundstrat Co-founder Tom Lee shared key findings from company forthcoming 2020 Crypto Outlook. They believe that Bitcoin and crypto total return will exceed that of 2019. For 2020 they see, several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin. The factors that will drive gains are geopolitical tensions and United States presidential elections, in addition to the halving. Fundstrat continued: “In other words, we see strong probability that Bitcoin gains >100% in 2020.” Read Full on twitter

9.  Brooklyn Nets guard Spencer Dinwiddie will be able to tokenize his contract after all. Dinwiddie will issue shares tied to his contract beginning Jan. 13, months after the NBA pushed back on his plan to create a tokenization platform for entertainers. Dinwiddie announced last year that he would tokenize his three-year, $34.5 million contract, looking to raise $13.5 million for the first year. Essentially, he’d raise his contract’s value as an upfront lump sum, with token holders receiving payouts through the season. Read Full on CoinDesk