Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
News
Takasbank Launches Blockchain Platform for Digital Gold Transfer
On the 30th of December 2019, Turkish Takasbank announced the launch of a BiGA Digital Gold, which is a physical gold-backed transfer system based on blockchain. Takasbank is Turkey’s central clearing and settlement house, which offers principal counterparty clearing services for some BIST markets designated by some agencies and the Board of Turkey. Other financial institutions in Turkey also participated in the launch of the BiGA Digital Gold Platform. The country announced its plans to introduce national blockchain infrastructure some…
5 years ago
Gambling Contribution to DApp Growth In 2019
On the 30th of December 2019, Messari Crypto took to its Twitter account to acknowledge gambling’s contribution to dApps growth. Additionally, Ryan Selkis looked into the development and concluded that gambling is the best for the cryptocurrency domain. TRON platform accommodates a significant number of gambling dApps and does play a part in the growth. WINK(WIN) was also among the best because of the distribution of its tokens in an IEO through Binance. The use of tokens in gambling brings…
5 years ago
BTC Price Continues on A Descent
The price of BTC/USD is revealing signs of a renewed upward move. Nevertheless, the price needs to maintain over $7150 to prepare a new movement towards the hurdles at $7500. The price formed a recent weekly high close to $7150, before the retracement to the downside. The price then dropped under the supports at $7400 and $7300. Additionally, the price established a low close to $7300, and the 100 hourly SMA. Eventually, the price fell below the support at $7200…
5 years ago
TRON Founder Justin Sun to Donate to Greta Thunberg’s Initiative
On the 17th of December 2019, Justin Sun took to his Twitter account and admitted sharing Greta Thunberg's passion for changing the world. He also noted that crypto would immensely contribute to reducing carbon footprint by implementing the decentralized settlement. Justin Sun also pledged to donate $1 million to Greta Thunberg’s initiative. The TRON (TRX) founder, Justin Sun donation is towards letting the world know about the climate crisis. He expressed his commitment after the COP25 UN Climate Conference in…
5 years ago
Pioneer ETF Focused on Blockchain to Operate in China
An exchange-traded fund (ETF) recently sent an application to the China Securities Regulatory Commission. Penghua fund filed for the ETF proposal on the 24th of December, intending to monitor publicly listed stock performance from blockchain business. The fund’s approval would make it the pioneer ETF targeted on blockchain in China. The news was highlighted on the 26th of December by SSJ, a Chinese government journal. Many Blockchain Industries Get Listed on Blockchain 50 Index The Shenzhen Stock Exchange also announced…
5 years ago
Peter Schiff Criticizes Bitcoin Performance
On the 27th of December, Peter Schiff criticized Bitcoin for its poor performance to the end of 2019. He said that most asset classes are experiencing rallies at the end of the decade, as the price of Bitcoin remains close to the $ 5700 level. At the time of writing, the price was at $ 7300, after a 0.5% decline, within the previous 24 hours. The US stock market just attained a fresh all-time high in 2019 due to an…
5 years ago
Bitfinex Recent Update of Its KYC Policy as per New Crypto Regulations
Bitfinex is a top crypto exchange registered on British Virgin Island and has its headquarters in Hong Kong. This cryptocurrency recently announced its KYC policy update to tighten its security and well compliance with the set crypto regulations. As per a specific Reddit post, verified users of Bitfinex exchange are getting E-mails to give proof of residential address. Additionally, Bitfinex will also inquire about the source and use of funds from their verified clients. Paolo Ardoino, the exchange’s chief technology…
5 years ago
Bitcoin Price Upsurge Predicted to Reach $8000
Bitcoin started an upward move against the USD after forming strong support close to the $7100 region. The price eventually inclined to $7300 and $7400 resistant level. Additionally, there was a close of over $7300 and the 100 hourly simple moving average. Ultimately, the price rose to over the $7500 level, but eventually, the uptrend declined. In that case, a high close to $7500 got formed before the Bitcoin’s price dropped. This digital currency lost more of the earlier made…
5 years ago
How Some Mainstream Cryptocurrencies are Performing
Some cryptocurrencies, including Bitcoin, are showing a steady move to the upside. These cryptocurrencies include ETH, LTC, XRP, RCH, XLM, TRX, BNB, and EOS. The BCH/USD also began to incline following a consolidation over the support at $185. This price increased by above 5%, hence breaking the hurdles $200 and $205. Currently, the BCH/USD price is above $210, and buyers want to reach the $225 hurdle. More gains could result in an additional upsurge towards $250 of the pair. Analyzing…
5 years ago