🗞 Daily Crypto News, December, 14th💰

• Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce ;
• VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet ;
• Why the ECB Is Getting in on the Stablecoin Game ;
• Stellar Tried to Give Away 2B XLM Tokens on Keybase. Then the Spammers Came ;
• Mark Cuban: Don't Convince Me, Convince Your Neighbor About Bitcoin ;
• 🗞 Daily Crypto News, December, 14th 💰
• STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce

The price of Bitcoin (BTC) has headed north over the last 24 hours, up over 1% at $7,272. As a result, each of the major cryptocurrencies has followed the market leader with the total cryptocurrency market cap reaching $198 billion and BTC dominance remaining steady at 67% of the total market. In other words, Bitcoin’s market cap now stands at $132 billion.

Weekly chart

Despite a strong finish to the week, the price of Bitcoin is down 3.2% from the opening of $7,520 on Monday morning. The 50 and 100-week moving average (WMA) crossed this week, which is typically a sign of a market shifting to a more bullish trend. But as it stands, Bitcoin remains below the 100-WMA and has been unable to break through the previous support that has now turned into resistance at $7,600.

🗞 VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet

Security breach is likely a result of internal misconduct unnoticed due to human error

In the initial update on the incident, VeChain Foundation noted that the hack is in “no way related” to the operations of the actual standard procedure or VeChain’s hardware wallet solutions.

According to the statement, the VeChain’s security breach was likely due to misconduct of one of its staff members in the finance team. Specifically, the person has allegedly created the buyback account partly violating the standard procedure approved by the Foundation. The auditing team did not pick up the misconduct due to human error, the announcement notes.

🗞 Why the ECB Is Getting in on the Stablecoin Game

Welcome to The Breakdown with Nathaniel Whittemore. Starting off this episode we discuss European Central Bank (ECB) President Christine Lagarde’s comments on stablecoins that inflamed Crypto Twitter yesterday. She said projects in the space indicated clear demand even as she gave bitcoin a bit of a backhanded compliment.

🗞 Stellar Tried to Give Away 2B XLM Tokens on Keybase. Then the Spammers Came

Spammers started showing up on Keybase as soon as Stellar announced a giant airdrop on the encryption app. They went away as soon as word went out that the free money era was over.

Or so Max Krohn, CEO of Keybase, told CoinDesk in an interview on Wednesday.

There's been discussion lately of a serious uptick in spam on the chat side of Keybase. The explanation for that apparently lies almost entirely in Keybase's partnership with the Stellar Development Foundation to airdrop 2 billion XLM to users of the app over a 20-month period.

🗞 Mark Cuban: Don't Convince Me, Convince Your Neighbor About Bitcoin

Crypto supporters need to show their neighbors its value, not rely on the academic discussions to bring the consumers in, believes billionaire Mark Cuban, an American businessman and investor, and the owner of the NBA's Dallas Mavericks. Crypto supporters, however, find flaws in his arguments.

In a discussion on Twitter, Cuban says that he’s not opposed to Bitcoin (BTC) and understands the arguments around it, but if those who support Bitcoin have neighbors who “don't see value, that is the problem you need to solve” as “the world is littered with great products/services that failed for lack of consumers,” he says.

"Lots of people are trying to change my mind. My mind will be changed not by technical discussions about fiat currency, sharpe ratios, valuation projections, protocol comparisons, etc. It will be changed by actual usage by consumers, who choose BTC over the many other options," he adds.

🗞 Daily Crypto News, December, 14th 💰

• DYNAMITE Token (DYNMT)

"We will soon be listed on a major exchange which has a high reputation. Agreement made with announcement coming next week."

• Waves (WAVES)

"Hey friends! This Saturday, starting at 8am, Waves will be teaching a 5-hour developer workshop in Lagos, Nigeria."

• Cardano (ADA)

"... Meet and Greet with our #Cardano and #IOHK executives in the center of the city on Saturday at 7PM."

• TomoChain (TOMO)

"Join #TomoChain in our major end-of-year throwback, with @longvuong22 wrapping up $TOMO's achievements & drawing 2020 roadmap."

• Unibright (UBT)

Partnership announced by end of week.

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

So apparently the market is already done with that news of STEEM being buy by Tronx blockchain. The Support line at 0.138$ didn't hold us and we are going back in the direction of the next support line at 0.124. Let's hope we won't break that line or it will just invalidate the nice UP that we experienced the last days !

Last Updates

• 🗞 Daily Crypto News, December, 13th💰
• 🗞 Daily Crypto News, December, 12th💰
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• 🗞 Daily Crypto News, December, 10th💰
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• 🗞 Daily Crypto News, December, 4th💰
• 🗞 Daily Crypto News, November, 24th💰
• 🗞 Daily Crypto News, November, 23rd💰
• 🗞 Daily Crypto News, November, 22nd💰
• 🗞 Daily Crypto News, November, 21st💰

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