🗞 Daily Crypto News, December, 20th💰

in #bitcoin • 4 years ago (edited)

  • Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan ;
  • Binance Invests Undisclosed Sum in Crypto Derivatives Platform FTX ;
  • Blockchain.com’s New GBP Gateway Creates a Crypto-Hedge Against Brexit Uncertainty ;
  • France’s Financial Regulator Grants Country’s First Approval for an Initial Coin Offering ;
  • DigiByte Founder Jared Tate Talks Binance Listing Woes, Dangers of the Status Quo ;
  • 🗞 Daily Crypto News, December, 19th 💰
  • STEEM Trading Update

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

🗞Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan

South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30.

Local news outlet dongA reported on Dec. 19:

“Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize Busan's local economy and ease the management burden of small business.”

The media outlet listed multiple ways to access the currency, including a Dongbaekjeon mobile app, a bank named Hana and Busan Bank.

🗞Binance Invests Undisclosed Sum in Crypto Derivatives Platform FTX

Crypto exchange colossus Binance has invested an undisclosed amount of money in derivatives platform FTX as part of a strategic partnership between the two firms.

As part of the deal announced Thursday, Binance has purchased equity in the derivatives firm and purchased long positions in the FTX Token, FTT, the platform’s native coin.

“The investment will help accelerate the growth of FTX with support and strategic advisory from Binance while FTX maintains its independent operations,” FTX founder and CEO Sam Bankman-Fried said.

In return, FTX will help develop Binance’s products, particularly its flagship exchange, Binance.com, and over-the-counter (OTC) trading desk. FTX also announced its intention to build out a suite of products complementary to tokenized ecosystems, a project Malta-based Binance will assist.

🗞Blockchain.com’s New GBP Gateway Creates a Crypto-Hedge Against Brexit Uncertainty

Blockchain.com is adding a British pound (GBP) gateway to its cryptocurrency exchange, The PIT, as it prepares for Britain’s coming separation from the European Union, or Brexit.

Announced Thursday in a press release, the addition will utilize Britain's Faster Payments Service (FPS) to let Blockchain.com’s U.K.-based users buy cryptocurrencies almost instantly.

The company framed its dual announcement as a bet on Britain at a tenuous time. With Prime Minister Boris Johnson’s recent landslide victory all but ensuring Brexit by Jan. 31, the nation is streaming towards an uncertain future.

🗞 France’s Financial Regulator Grants Country’s First Approval for an Initial Coin Offering

The hype around initial coin offerings may have quieted down in the States, but France seems to be taking a newfound interest. On Dec. 17th, France’s financial regulator, the Autorité des Marchés Financiers (AMF), granted the country’s first approval for an ICO application.

The offering came from French-ICO, a company that has developed a platform for funding projects using cryptocurrency. The firm is the first to be white-listed and a notice has been posted on the AMF website.

Reuters reported in July that the AMF was in talks with three or four candidates for ICOs and that more could soon be on their way.

🗞 DigiByte Founder Jared Tate Talks Binance Listing Woes, Dangers of the Status Quo

What started as a Twitter thread of frustrated complaints about corruption and centralization in the crypto industry ended with an abrupt announcement: the delisting of DigiByte on Poloniex. Jared Tate, the founder of DigiByte, once among the most popular coins traded on the exchange, sat down with Cointelegraph to share about his concerns following the debacle.

The acrimonious relationship between Tate and the larger forces of Binance (and most recently, the Tron-acquired Poloniex exchange) traces back to a different era in the crypto industry. It was 2017, and markets were on fire. Binance was growing by leaps and bounds, becoming the most popular altcoin exchange in the world. Being listed on Binance was like having a license to print money.

🗞 Daily Crypto News, December, 20th 💰

  • Kappi Network (KAPP)

AMA with KAPPI founder, Daniel Jonsson.

  • Wanchain (WAN)

"The MAINNET Mercury hard fork goes live December 20th, at UTC 00:00!"

  • Komodo (KMD)

"On December 20, 2019, Komodo will activate a platform-wide update that provides improvements to the Antara Framework..."

  • 3DCoin (3DC)

3DCoin / ProjectDistricts AMA on Telegram - December 20, 2019 - Starts at 21:00 UTC+4, ends at 23:00 UTC+4.

  • PCHAIN (PI)

"Mainnet will come to Sea stage which will upgrade with new Smart Data Reduction and Delegation Mechanism on Dec.20th..."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

Today, we tested one of the last big support on the 0.115$ level and it create a nice bounce with the help of the BTC. We arleady over 0.124$ so I don't think we will test again the low at the short term. This bounce could be a nice opportunity to start a short term up trend. Let's hope the market will have the same idea than me.

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