DAILY TL;DR W/ CHESLINK
JANUARY 1ST-5TH
December 31st
- BTC NEWS
- IN OTHER NEWS
MARKETCAP ANALYSIS
Recap from 11/20
Market Cap: $243,311,416,536
24h Vol: $7,403,167,283
BTC Dominance: 56.2%
As of 12/11
Market Cap: $462,879,608,891
24h Vol: $25,098,117,991
BTC Dominance: 61.7%
As of 12/20
Market Cap: $628,445,215,824
24h Vol: $52,537,317,094
BTC Dominance: 47.2%
As of 12/31
Market Cap: $592,941,301,681
24h Vol: $33,207,433,786
BTC Dominance: 38.0%
BTC NEWS
Bitcoin Wary Recovery
• https://cointelegraph.com/news/investors-still-wary-of-bitcoin
Larger financial institutions have already entered the cryptocurrency fray after the launch of Bitcoin futures contracts on CBOE and CME trading exchanges. The NASDAQ and Goldman Sachs are also set to jump onboard in 2018 - paving the way for wider mainstream adoption.
Nevertheless there still seems to be a reluctance for bigger corporate players to invest some serious capital into the market.
In an interview with CNBC this week, head of currency and forex technology company FiREapps Wolfgang Koester said big companies want a less speculative environment,
FiREapps provide insights into the likes of Google and Ericsson, but Koester says big companies will not invest in current cryptocurrencies and are waiting for state-issued digital currencies, backed by regulation.
Bitcoin Climbing Slightly
• http://uk.businessinsider.com/bitcoin-price-value-increasing-on-final-day-of-2017-2017-12
Bitcoin started the final day of 2017 with an increase in value, and looked set to end the year on a high note.
The cryptocurrency was up more than 4% as of 12.30 p.m. on New Year's Eve 2017, according to data from Markets Insider. Its value was $13,324 per coin, having gained more than $540 in value over a 24-hour period.
Bitcoin had a rocky ride over the Christmas period, swinging from below $13,000 to above $16,000 in the final week of the year. Bitcoin was still down on its all-time high of $19,843 per coin, which it hit around December 17, 2017, before a sharp fall in which it briefly dipped below $11,000. The cryptocurrency was still down 12% on its value one week before, but was trending upwards into the new year.
If the price holds steady for the rest of New Year's Eve, Bitcoin will finish 2017 be up around 1,300% from its value at the start of the year, when it was hovering around $1,000.
Bitcoin Billionaires
• https://www.iol.co.za/business-report/technology/there-could-be-200-bitcoin-billionaires-around-the-world-12288223
BitInfoCharts.com can track information like how much individual addresses hold. BitInfoCharts’ data shows that more than 100 addresses with at least $100,000,000 in Bitcoin - meaning the number of Bitcoin billionaires could increase even further so long as the price continues to rise.
The site shows there are three Bitcoin addresses holding more than 98,000 Bitcoin, meaning their net Bitcoin worth is over 10 figures. In the past three months alone, Bitcoin has been rapidly rising up 150%. The twins, Cameron And Tyler Winklevoss - became the world's first confirmed Bitcoin billionaires.
Bitcoin Helpin Japan’s Economy
• https://bitcoinist.com/bitcoin-will-give-japans-economy-substantial-boost/
The lead of the analyst team at Nomura, Yoshiyuki Suimon, stated the following:
Rises in asset values often result in a rise in consumer spending, too, known as the wealth effect. We estimate the wealth effect from unrealized gains on bitcoin trading by Japanese investors since the start of fiscal year 2017, and estimate a potential boost to consumer spending of 23.2-96.0 billion yen.
Moreover, the fact that the rise in bitcoin prices was concentrated in 2017 fourth quarter could result in the wealth effect materialising in 2018 first quarter, and if that is the case, we estimate a potential boost to real GDP growth on an annualised quarter over quarter basis of up to about 0.3 percentage points.
IN OTHER NEWS
XRP Pump!
• https://cointelegraph.com/news/ripple-becomes-largest-altcoin-as-bitcoiners-issue-warnings
Ripple (XRP) has overtaken Ethereum as the largest altcoin by market cap in a surge which has divided the cryptocurrency community.
After the payment network’s token reached as much as $2.65 on some exchanges this week, investors are celebrating returns which have topped 1,000 percent in just three weeks. At the start of December, XRP traded at just $0.24.
Look at the dates where new USDT was “granted” and look at the dates where XRP pumped... see a correlation? My guess is that whoever pumped BTC with Tethers for the last few months realized it’s easier to pump a 1$ coin rather than a 10000$ one and moved on to XRP.
Global Crypto Bank
• https://themerkle.com/global-crypto-bank-to-help-over-5-billion-unbanked-persons/
• https://tokentops.com/ico/global-crypto-bank/
During the last couple of years, banks and other financial institutions throughout the world have begun investing in blockchain technology, granted that it provides numerous advantages over traditional payment solutions. Regardless, there is no bank fully based on the technology so far, and Global Crypto Bank hopes to change this.
While the digital currency market has rapidly evolved, crypto-investors still have trouble when it comes down to exchanging cryptocurrencies into traditional currencies (fiat), because of the high exchange fees currently charged. Global Bank has created their very own payment system, based on a bank card that will be accepted at all ATMs and POS terminals that work with either VISA or MasterCard. Therefore, apart from getting access to much lower commissions, users will also be able to enjoy increased liquidity of their crypto assets.
Currently, the services that the platform wishes to provide include safekeeping digital currencies and fiat on decentralized accounts, transfers and payments via fiat and crypto, integration of services provided by third-parties, the issuing of plastic debit cards, acquiring for commercial firms, cash withdrawal at ATMs, fiat-crypto and vice-versa monetary exchange, free payments between users, accrual of bonuses directly on account balance, mobile-based settlements, and last but not least, P2P loans.
Additionally, as part of an effort needed to be closer to its users, the bank will also open offices in a few economic areas, including the United States, China, South Africa, South Korea and Japan.
Then the investor will be able to sell our tokens at stock exchanges and get the instant profit 3-8 times exceeding the amount of investment, or choose a long-term deposit. Owners of a long-term deposit will receive additional income from distribution of our company’s profits in the end of the fiscal year. Our forecasts show that the value of our currency will rise by at least 100% annually. All unsold tokens will be withdrawn. And it is planned to spend 20% of the funds raised on BANK buy-back to maintain the high
cost of our tokens.
Korean Crypto Zombies
• https://www.zerohedge.com/news/2017-12-29/stunning-look-inside-world-south-koreas-bitcoin-zombies
Fascinating article. Anything coming out of zerohedge I take with a mountain of salt... the comment section there is filled with FUD, FOMO and toxicity.
But I think there's some truth to it. Nothing wrong with the desire for easy fiat gains, as long as investors of XYZ coin are aware and educated of its fundamentals (emphasis on investor vs. pure trader). Blindly throwing your fiat at Ripple because you think it COULD dethrone BTC and surpass $10,000 per token is the last thing this industry needs.
The example above isn't an exaggeration. I just talked to someone whose Korean parents put in $100 into XRP thinking they actually might be millionaires one day. These are real people chasing theoretical impossibilities. It's worse than doing the lottery, which is at least transparent about the odds of winning. The article might be harsh but I think we'd be giving the 19 year olds too much credit by assuming they're as vigilant as we are in this chat (which is scary, because I still know jack shit).
It's easy to blame the people who have no idea what they're doing, but I hope the industry evolves to provide more resources (education? disclaimer? "I have read the whitepaper" checkbox? idk) for noobs to wrap their head around crypto. I'm in full favor of regulating scam ICOs. Or maybe I'm being too hopeful, and there will always be zombies no matter what.
TL;DR - Screw FUD, but know your fundamentals + try to ballpark a realistic target price for your coins. Avoid arbitrary multipliers. That said, let's go to the fucking moon in 2018! 🚀
China and Russia Gold Based Dollar
• https://www.rt.com/business/412546-china-russia-gold-standard-dollar/
The BRICS counties are considering starting an internal gold trading platform, according to Russian officials. When this happens, the global economy will be significantly reshaped, and the West will lose its dominance, predicts a precious metals expert.
“As Bejing and Moscow understand that America used the dollar to control the world, by implementing a new kind of ‘Gold standard 2.0’ they want to distance themselves from this control. Furthermore, the vast majority of the people in Asia sees gold as superior, or ‘real’ money, something the West has forgotten, because of all the paper wealth (credit) they have accumulated,”said Grass.
The expert notes the BRICS countries account for 40 percent of the world’s population and around 23 percent of the world’s domestic product.
“As per my understanding, we are moving into the final phase, the battle between currencies – one that will be backed by a hard asset which was real money since time immemorial until 1971 and the other one, backed by promises that future generations will pay through debt, inflation and ever-rising taxation,” he said.
Ocean Protocol ICO Review
• https://medium.com/research-center/ocean-protocol-ocn-ico-db4679951e01
At the moment, only about 1% of the data in the world is being analyzed, and this hinders the development of Artificial Intelligence (the most effective data analysis tool). Ocean Protocol wants to bridge the disconnect and be a network of some sort that will connect the owners of data with the people who will help them make their data valuable (and available to the world).
The network will most likely be launched sometime in the fourth quarter of 2018, however, there is no information on the token sale date as at the time of this publication.
Omega One ICO Review
• https://hacked.com/ico-analysis-omega-one/
Omega One is developing a trade execution platform that can fix these issues and provide greater liquidity to market participants, than what is currently available.
In order for cryptocurrencies to advance to the level of traditional asset classes, cryptocurrency trading technology needs to rival what’s being used in traditional markets. With this in mind, both liquidity and custodian services are the required next step in the evolution of cryptocurrency trading – the former is what Omega One is offering. Between the combination of robust market potential and a strong team, Omega One has a fighting chance to be a leading liquidity provider for cryptocurrency markets.
Overall, Omega One has a solid team with deep domain expertise and a clear vision that fulfills a dire need for the evolution of cryptocurrency trading.
ARK Mobile Wallet
• https://coinidol.com/blockchain-innovators-ark-announce-release-of-mobile-wallet-bringing-crypto-freedom/
ARK is happy to announce another huge achievement, with the release of the much awaited ARK Mobile Wallet. Packed full of exciting and streamlined features, the wallet looks set to bring about the widespread adoption of the ARK ecosystem.
You can now vote for a delegate, send ARK, or just check your balance straight from the palm of your hand. No sync needed, just open the app and conduct your business. ARK’s mobile wallet is a hybrid application (using the same codebase for Android and iOS which helps with coordinated development).
Ethereum Casper Update Soon!
• https://btcmanager.com/major-ethereum-scaling-solution-casper-enter-testnet/
Ethereum’s Casper update, designed to move the currency from its current proof-of-work algorithm to a proof-of-stake system, is on track for its release date sometime in the future. A developer for Ethereum, Vlad Zamfir, confirmed this in a tweet on December 27, 2017, and said that it would be released soon.
Tomorrows Events 1/1/2018
ALIS (ALIS) - Announcement
AirToken (AIR) - Exchanges Listing
AirToken (AIR) - Rebranding + New Website
Ark (ARK) - Mobile Wallet Release
Astro (ASTRO) - Dividends Distribution
Aventus (AVT) - New Website and Roadmap
Bitcoin (BTC) - Bitcoin Uranium Hard Fork
Bitcoin Diamond (BCD) - Mainnet + Wallet Release
BlockCAT (CAT) - Beta Release
Change (CAG) - Mobile Wallet
Cindicator (CND) - New Roadmap
CloakCoin (CLOAK) - ENIGMA Release
Creativecoin (CREA) - Creativechain Platform
Darcrus (DAR) - Migration from NXT DAR to Waves DAR Ends
DecentBet (DBET) - Testnet release
DeepOnion (ONION) - DeepSend Launch
DigiByte (DGB) - Foundation
DigitalNote (XDN) - Mobile Messenger. XDN 3.0
DopeCoin (DOPE) - fully release Cryptobillings.com
Eltcoin (ELTCOIN) - POS Reward up to 50%
Encrypgen (DNA) - Supercomputer Installed
Enjin Coin (ENJ) - Minecraft Plugin
Enjin Coin (ENJ) - Smart Wallet Release
Hawala.Today (HAT) - Hawala Wallet (Alpha)
Humaniq (HMQ) - Releases
ICON (ICX) - Mainnet Launch
Iconomi (ICN) - New Roadmap
Internxt (INXT) - Big Update
LUXCoin (LUX) - Team Announcement
Lisk (LSK) - Lisk Core 1.0.0
Magi (XMG) - Hard Fork (26-31 Dec)
Musicoin (MUSIC) - [News #3 + News #4]
NEM (XEM) - Catapult Release
NEO (NEO) - Deadline for Sign-up Invitation to NEO DevCon
Next (NEXT) - Exchange Launch
Phore (PHR) - Zerocoin Protocol
Pivx (PIVX) - Major Annoucement
Publica (PBL) - Giveaway
Rebellious (REBL) - Airdrop
Ripio Credit Network (RCN) - 3 Releases
Ripple (XRP) - xRapid Partnerships
Rise (RISE) - Snapshot
Rise (RISE) - Vision Officially Incorporated
Rupee (RUP) - Marketing Campaign
SHIELD (XSH) - Whitepaper Release
Skycoin (SKY) - Android Wallet
Skycoin (SKY) - Launch Skywire Test Network
Skycoin (SKY) - New Wallet
Skycoin (SKY) - Skycoin Design Improvements
SmartCash (SMART) - Masternodes
Solaris (XLR) - ZeroCoin Protocol Implementation
Substratum (SUB) - Public Beta
Sumokoin (SUMO) - GUI-Wallet
SysCoin (SYS) - Blockmarket Web & Desktop
SysCoin (SYS) - Rebranding
Verge (XVG) - Wraith Protocol
Vertcoin (VTC) - December Surprise
Voxels (VOX) - Rebranding
WaBi (WABI) - Expand Partnership
eBoost (EBST) - 30M Tokens Locked Up