🗞 Daily Crypto News, December, 23rd💰

vlemon (76)in #bitcoin • 5 years ago

Bitcoin Price Weekly Candle Closed as a Pin Bar — So What Comes Next?;
Poloniex Drops KYC for Withdrawals Below $10,000 Following US Exit ;
Into the Ether: 90% of All ETH Wallets Now ‘Out-of-the-Money’ ;
Bitcoin Subreddit Subscribers Surge Following Crypto’s Summer Bull Run ;
DigiByte Founder Jared Tate Talks Binance Listing Woes, Dangers of the Status Quo ;
🗞 Daily Crypto News, December, 23rd 💰
STEEM Trading Update

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

🗞 Bitcoin Price Weekly Candle Closed as a Pin Bar — So What Comes Next?

Bitcoin (BTC) closed the week up at $7,513 which was a 5.65% increase from the opening price of $7,111. It was a turbulent week with Bitcoin finding new lows for the quarter of $6,430, which invoked an impressive 16% bounce to close the week.

Bitcoin has continued to outperform the other cryptocurrencies, demonstrated by the 7-day performance for Bitcoin recording a 9.19% increase, whereas Ethereum’s Ether token (ETH) has barely moved, while XRP has lost around 5% of its value.

As such, there appears to be a disconnect developing between Bitcoin and the rest of the market.

🗞Poloniex Drops KYC for Withdrawals Below $10,000 Following US Exit

Poloniex has introduced a new type of account that allows users to withdraw as much as $10,000 a day without completing know-your-customer ("KYC") verification.

The exchange said in a blog post Thursday its new "Level 1" accounts will only require users to register with an email address and password. "Any customers who sign up from here on out can begin trading in seconds with a Level 1 account," reads the entry.

Level 1 users can deposit and trade an unlimited amount of cryptocurrency. They can also withdraw a maximum of $10,000 every day. There are also opportunities to stake proof-of-stake (PoS) coins on the platform.

🗞Into the Ether: 90% of All ETH Wallets Now ‘Out-of-the-Money’

Ether is down significantly from record highs and the majority of its holders are losing money on their investments.

The second-largest cryptocurrency, which powers ethereum's blockchain, is currently trading at $131, representing a 90 percent drop from the all-time high of $1,431 reached in early January 2018, according to CoinDesk's ether price index.

The relentless price slide has pushed 90 percent or 31.31 million ether addresses “out-of-the-money,'' according to blockchain intelligence firm IntoTheBlock.

🗞 Bitcoin Subreddit Subscribers Surge Following Crypto’s Summer Bull Run

The Bitcoin (BTC) subreddit has seen a remarkable increase in its number of subscribers since the cryptocurrency’s price spike last summer.

Cypherpunk and proclaimed Bitcoin maximalist Jameson Lopp posted a tweet on Dec. 23, saying “the rate of new subscribers to the /r/bitcoin subreddit accelerated after the exchange rate jumped this summer. It grew in size by 222,000 users - 22% growth in 2019.”

At the beginning of 2019, the subreddit broke a milestone of 1 million subscribers, which means that it has added more than 200,000 new members over the past year.

🗞 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, 23rd 💰

BitTorrent (BTT)

50,000 BTT given away each day from Dec 23rd - Jan 1st.

TRON (TRX)

"Lambda storage #MINING Test Competition Phase 2 start from 23rd December in 2019, 10:00 UTC"

Lambda (LAMB)

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

Maker (MKR)

"On Dec. 23rd, OKEx will be the first major platform to integrate the DSR (plus an additional reward!)"

Harmony (ONE)

"We will discuss Crypto Lending Markets in an AMA with @constantp2p, on Monday 23rd at 16:00 CET."

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

The BTC is making a nice UP but the STEEM has some difficulties to follow it. We are currently testing the support line at 0.138$ and the market is not sure if we must break it and make a nice bounce. Let's hope the bounce will be validated and that we will continue to keep the nice trend on the STEEM that we experienced the past days.

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