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Cryptoknowmics News Headlines for 17th January, 2020

1. Uzbekistan's NAPM All Set To Build National Mining Pool

On Thursday, Uzbekistan’s National Agency for Project Management (NAPM) announced its 2020 plans to regulate crypto trading and the blockchain technologies implementation. The country has also planned to start a licensed cryptocurrency exchange, which would allow miners to sell the coins they have created.

2. PBOC Has Completed Its Digital Currency Test; Launching Soon

The People’s Bank of China could well be on its way to finally launch its cryptocurrency. Reports suggest that the research, development and testing period are successfully concluded and the distribution will start soon in the institutions and banks.

3. Kadena Launches Public Blockchain

Cryptocurrency startup Kadena has launched its public blockchain, which will act as a platform to establish the connection between public and private chains of Cosmos and Kadena. The blockchain is aimed at establishing hassle-free contact between private and public blockchain with the help of high end customized language Pact and application layer.

4. IEOs Regulations Released; ICOs banned by SC Malaysia

Securities Commission Malaysia has laid out guidelines for initial exchange offerings, which would now be the only medium for digital token offerings. The regulatory body has put an outright ban on initial coin offerings.

5. Bithumb Files A Legal Case With The NTS to Nullify Its $70M Tax

South Korea’s largest cryptocurrency exchange has filed a case with the Tax Tribunal against the National Tax Service for the disannulment of nearly $70 million tax. The exchange’s foreign customers were hit with a withholding tax of $69.3 million toward the end of 2019.

6. YouTube Crypto Purge Is Back

Youtube’s crypto purge is far from over. Days after the video-sharing platform admitted its mistake and restored the cryptocurrency-related videos back on the platform, another user has complained that he received a strike during his last video stream.

7. Bitcoin Looks set For Another Price Rally

Bitcoin was trading at around $8,863.37 at the time of writing and experienced a fall from $8.800 mark. The buyers have maintained an upper hand in the market. BTC needs to maintain the support position at $8,600 to start another uptrend up to $8,800 and above.

8. Price Analysis of TRX/USD
Tron was able to surge over the horizontal hurdle at $0.0163957 on 14th January and since then the altcoin has managed to see a price uptrend. TRX was trading at $0.017599 at press time having seen a surge of more than 6% in the past 24 hours.’

9. Price Analysis of XMR/USD

Monero managed to break past the key resistance of $57.11 and has managed to trade above the $66 mark. If the privacy coin manages to move over the $67.02 mark then the altcoin might register a rally above $80.

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Bitcoin Mining Difficulty up and Hash Rate Hits New Record

Top Crypto Gainers of the Day

Tachyon Protocol95.04%
Vectorspace AI54.56%

Top Crypto Losers of the Day

BitGuild PLAT-55.72%
Acute Angle Cloud-28.35%