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Chinese tech giant Baidu has launched the beta version of its cryptocurrency Xuperchain to create a central bank digital currency for the country. According to reports, blockchain will host multiple applications and payments and host a bunch of super alliance codes spread out through the country.
Tron’s CEO Justin Sun took to Twitter to announce the launch of shielded transaction feature on Tron’s Nile Testnet. He urged Tron users to test the new feature while asking users to visit Github for more details regarding the shielded transaction feature.
The regulatory watchdog of Turkey, the Capital Market Board (CMB), is planning to accelerate regulations for Bitcoin and other cryptocurrencies in the year 2020. The regulations would focus on surveillance and auditing of cryptocurrencies, including Bitcoin.
Rabobank, a Dutch Financial Services Company, has joined hands with the Computer hardware giant, IBM for the development of a blockchain-based app. This would strengthen the customers to financially assist the coffee farmers.
The SEC’s Office of Compliance Inspections and Examinations has published its list of examination priorities for 2020. While previous lists used to highlight the risks that certain digital assets would pose to investors, this year’s list seeks to bring forth aspects like fund safety, trading practices, investment suitability, and efficiency of compliance programs.
Tron CEO Justin Sun tweeted to inform that his platform now had a greater number of dApps on its blockchain. Sun tweeted that the number of dApps on the Tron network had reached 669 as of 7th January 2020, which meant that Tron had one more dApp on its platform than EOS.
Blockchain platform GoChain has announced the inclusion of telecom giant Lenevo as a signing node operator for its GoChain blockchain network. Lenovo would join 50 other organizations to test specialized servers that would facilitate GoChain network Proof of Reputation consensus protocol.
Binance has recently announced its support to Australian Dollars by extending the support to Banxa, the fiat-to-crypto gateway solution. Increasing the support to national currencies, Binance asserted its collaboration with Satang Corporation of Thailand to unlock Thai Baht on Exchange.
The Chief Operating Officer of Malta-based Cryptocurrency Exchange, OKEx, departed from exchange to launch new Blockchain Consultancy Institute, Bitwork. The primary aim of Bitwork is to provide solutions to crypto-enquiries majorly via exchange partnership.
Ethereum followed the Bitcoin price trend and surged past the $150 mark before market correction kicked in. The wave of corrections broke the immediate support of $143 and currently holding the support of $140. The next support stands at $138 and if the second-largest crypto fails to hold that position a fall to $128 will be highly likely.
XRP was trading at $0.207 at press time and faced strong resistance at $0.232. If the buyers gain momentum and break past the resistance, then the next resistance is at $0.315.
Litecoin was trading at $45.61 after seeing a rise to near $50 a day before. The Litecoin community was hopeful that a breach past $50 would take the price near $60. However, the market correction brought the price down to the current level and the next support is forming near $38 mark.
Bitcoin finally saw its mammoth rally come to a halt after breaching the $8,400 mark earlier. Although the next resistance was forming near $9,200 mark, the wave of market correction brought it prices below the key support of $8,000. BTC is forming the next support at $7,800 mark.
QURA GLOBAL 148.71%
DAD Chain 50.85%
Game Stars 49.55%