1. Bitcoin (BTC) will hit $12,000 in 2020, one of its most outspoken investors has said. Mike Novogratz, co-founder of cryptocurrency merchant bank Galaxy Digital, made the “$btc finishes over 12k,” remark as part of his new year predictions in a tweet. Long an advocate of Bitcoin, the entrepreneur also believed United States president Donald Trump would lose the upcoming presidential election. Novogratz added that if Trump won, he would honor a bet he made with a Twitter user worth a single unit of 2nd largest altcoin, Ethereum. Read Full on Cointelegraph
2. Despite the hopes of a “Santa Rally” for the Bitcoin bulls was almost dashed, many prominent cryptocurrency analysts are clearly optimistic about BTC’s price dynamics. Well known crypto analyst and blockchain researcher Willy Woo shared his opinion on the actual phase of Bitcoin's market progress. Mr. Woo insists that the price has already turned bullish, but it has only entered the reaccumulation stage of the market. Willy Woo's opinion received support from other experienced trader. Read Full on U.Today
3. Cryptocurrency exchange, Bitfinex, has reportedly strengthened its know your customer (KYC) requirements, sending an email to verified users asking for more identifying information. According to report, the purpose of the email from Bitfinex was to enhance the exchange’s due-diligence procedures, and bring all of its client accounts “to the same level.” Verified users were apparently asked to share information on the source of and use of funds, along with proof of residential address, such as a utility bill. Read Full on Cointelegraph
4. Almost every Japanese bank is starting to work with Ripple's XRP, says CipherTrace CEO David Jevans. David Jevans, the CEO of blockchain sleuth CipherTrace, told that "almost every" Japanese bank was starting to use the XRP at the annual Rakuten Technology Conference. Ripple investor and Japanese banking giant SBI Holdings is pushing for the vast majority of banks in Japan to join MoneyTap, a domestic remittance app powered by Ripple’s technology. In addition, SBI says it’s dedicated to supporting XRP for remittances in the long run. Read Full on U.Today
5. China Securities Regulatory Commission (CSRC), the country's financial watchdog, has recently received an application for listing an exchange-traded fund (ETF) that will track blockchain-related stocks as underlying assets. Dubbed Penghua Shenzhen Stocks Blockchain ETF, the application was filed by Shenzhen-based asset management firm Penghua Fund and was accepted by the CSRC on Dec. 24. The proposed ETF aims to track and reflect the performance of Shenzhen-listed public stocks that have businesses in the blockchain industry. Read Full on CoinDesk
6. Bitcoin could see an all-time-high (ATH) by the end of 2020, according to financial analyst Bob Loukas. The self-proclaimed ‘cycle trader’ posted his prediction on Twitter, after verifying his prediction of $7K for Bitcoin at the end of 2019. This position holds that the movement of central banks globally will create economic stagnation, coupled with a strong inflation. As investors liquidate positions in losing equities, they will seek refuge in stable assets that are unaffected by inflation. Bitcoin is one of those assets, often referred to as ‘digital gold.’ Read Full on BeInCrypto
7. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading. According to the Ministry’s announcement, the current tax laws do not support the taxation of profits earned from cryptocurrencies. Interestingly enough, the Ministry is currently controlled by the country’s Liberal Korean Party. The Party has supported ‘relaxed’ regulations regarding digital currencies and crypto trading for a long time. They were also well-known proponents of blockchain technology and its development. Read Full on Bitcoinist.com
8. Apple appears to be ending support for decentralized applications on iOS devices, according to Coinbase CEO Brian Armstrong. In a new thread on the Ethereum subreddit, Armstrong explains why the leading US crypto exchange is removing decentralized app (DApp) functionality from Coinbase Wallet on the App Store. “Apple seems to be eliminating usage of Dapps from the App Store. If Apple customers want to be able to use Dapps, we may need to make this request [known] to Apple in some way.” Read Full on The Daily Hodl
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