Cryptoknowmics' Daily Dose of Crypto Updates | 8 Jan 2020
Cryptoknowmics is one of a kind and decentralized media portal which attends to every aspect of the crypto universe. Cryptoknowmics provides everyone the latest crypto news, bitcoin news, altcoin news, and ripple news today. We describe the latest crypto news with daily news Roundup.
1 - A Powerful Uptrend Forming For ETH
https://www.cryptoknowmics.com/news/a-powerful-uptrend-forming-for-eth
Ethereum is eyeing to breach the major resistance of $150 after an uptick which has taken ETH to above $145 mark. Given BTC still has strong bullish momentum, Ethereum has the perfect opportunity to eye for $160 once the buying pressure takes it above $150.
2 - Monero outpaces Bitcoin after McAfee controversial statements
https://www.cryptoknowmics.com/news/monero-outpaces-bitcoin-after-mcafee-controversial-statements
Monero, the privacy coin saw an uptick in its price on 7th January which many believed was because of McAfee’s recent comments on BTC, comparing it to ford model T cars. Monero was trading at $57.77 at press time and needs to get past the $60 resistance to see a price rally.
3 - Binance launches XRP / USDT futures on its trading platform
https://www.cryptoknowmics.com/news/binance-launches-xrp-usdt-futures-on-its-trading-platform
Binance the leading crypto exchange has announced the listing of XRP/USDT on its futures trading platform with 75X leverage. Binance futures platform has gained a lot of traction in the last year where it futures trading volume has soared into billions.
4 - Ripple Labs CEO Downplays Their Influence on XRP Token
https://www.cryptoknowmics.com/news/ripple-labs-ceo-downplays-their-influence-on-xrp-token
Ripple’s CEO Brad Garlinhouse has suggested that their influence on XRP supply and subsequently its price is not as such as many media houses would believe. There has been a lot of questions on XRP’s market cap given the token has not seen any major price uptick throughout 2019.
5 - Bitbox Crypto Exchange Backed By Line Messenger Set To Delist XRP
Bitbox, the Singapore based crypto exchange whose parent company is Japan’s leading web messenger service provider LINE has announced the delisting of XRP and XRP trading pairs as the token didn’t meet the set standards of the exchange.
6 - South Korea Calls for Bitcoin Institutionalisation
https://www.cryptoknowmics.com/news/south-korea-calls-for-bitcoin-institutionalisation
The Presidential Committee on the Fourth Industrial Revolution in South Korea has made a recommendation for the inclusion of Bitcoin derivatives for financial institutions. The committee suggested that the government should allow institutions to launch their products, which would eventually pave the way for the institutionalization of cryptocurrencies.
7 - US State of Virginia Looks Towards Blockchain in Elections
https://www.cryptoknowmics.com/news/us-state-of-virginia-looks-towards-blockchain-in-elections
The US State of Virginia legislature is considering to use the blockchain technology to improve its election machinery. The Virginia General Assembly has asked the Department of Elections to determine if blockchain could serve and secure voting records and election results.
8 - Venezuelan Government Forcing Merchants To Accept Petro At Discounted Rates
The Venezuelan government is reportedly forcing merchants to accept Petro at high discounted rates. Eduardo Gomez, the head of Purse.io, said that while Petro is available at 1 million VES/PTR in the open market, the government is forcing them to accept the same at a fixed rate of 2.5 million VES/PTR.
9 - The U.S. Strike Leads to a Price Surge in Bitcoin, Gold and Oil
https://www.cryptoknowmics.com/news/the-u-s-strike-leads-to-a-price-surge-in-bitcoin-gold-and-oil
The ongoing tension between the US and Iran is being seen as one of the major catalysts for not just Bitcoin, but oil and gold as well. The rising price of oil is a direct result of the rising tensions since Iran is one of the leading crude oil suppliers of the world. As of today, Bitcoin has breached the $8,000 mark.
10 - Bitcoin Bank Bitwala Now Supports Ether
https://www.cryptoknowmics.com/news/bitcoin-bank-bitwala-now-supports-ether
Bitwala, the Bitcoin bank based in Berlin, announced on 7th January that it had launched Ether as a second digital currency on its platform. The customers now have two cryptocurrency options in Bitcoin and Ether to store, trade, and manage their funds.
Here are some other important updates for you from the crypto space.
Headlines :
1 - Coinbase CEO Makes Major Predictions For Cryptocurrency in the 2020s
https://www.cryptoknowmics.com/news/coinbase-ceo-makes-major-predictions-for-cryptocurrency-in-2020s
2 - Bitcoin(BTC) Futures Traders looking to Flip Bias
https://www.cryptoknowmics.com/news/bitcoinbtc-futures-traders-looking-to-flip-bias
3 - Justin Sun reveals shielded transaction update on Tron's Nile Testnet
4 - Chinese Multinational Tech company Baidu launches its own cryptocurrency Xuperchain
Top Crypto Gainers of the Day
BitBall - 181.12%
Akropolis - 115.40%
Tap - 58.55%
VeriSafe - 40.31%
BQT - 33.91%
Top Crypto Losers of the Day
Crypto verfication coin - 62.80%
Omnitude - 43.05%
Dignity - 27.52%
PumaPay - 24.21%
Kahsh - 22.80%