🗞 Daily Crypto News, January, 10th💰
- Bitcoin to Surpass USD 20K, But Brace for a Surprise - BitPay CCO;
- KPMG Leader Predicts IoT and Blockchain Will Be Used To Manage Climate Change ;
- MakerDAO Pitches DeFi to the Masses at CES 2020;
- Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone;
- New York Governor Proposes Giving Financial Watchdog More Teeth ;
- 🗞 Daily Crypto News, January, 10th 💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
As every year, be prepared that something unforeseen could happen in 2020 also, fueling another bitcoin (BTC) rally, Sonny Singh, chief commercial officer of major crypto payment processor BitPay, reminded. In either case, he estimates that BTC will rise above USD 20,000 this year.
“A lot of people think it’s going to be because of the halving […], but I think that’s already factored in a lot. Bitcoin, again, goes up high when unforeseen things happen. Last year, the catalyst behind that was Libra happening with Facebook,” he said in an interview with Bloomberg TV.
According to Singh, China, Russia, India could legalize Bitcoin, or some new, Facebook-level companies will enter the crypto industry, or the American government could do something unforeseen that could push bitcoin price “fast and far.”
Going into further detail on these “unforeseen incidents,” Singh also used the Iranian situation as an example, saying that the incident did fuel a market rally.
Accounting giant KPMG’s US blockchain lead, Arun Ghosh, predicts that blockchain, combined with the Internet of Things (IoT) will be used to manage climate change in 2020.
IoT is a term for systems of interrelated devices that are embedded with sensors, software and network connectivity that enables them to collect and exchange data. According to a list of 6 blockchain predictions KPMG shared with Cointelegraph, Ghosh noted:
“The convergence of these technologies is enabling organizations to accelerate environmental governance, with blockchain’s chain of custody being deployed as a central component to driving sustainability.”
LAS VEGAS – There's a "digital money" section on the show floor of the Consumer Electronics Show (CES) in Las Vegas, but MakerDAO is the only digital money with a booth there.
There are a couple of other crypto wallets, security firms and a bitcoin ATM company, but ethereum's favorite stablecoin is the only cryptocurrency directly represented.
MakerDAO Foundation Head of Business Development Gregory DiPrisco had a straightforward answer for why the organization chose to take a space in Vegas.
Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox.
Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South Korea’s “regulatory free zone” in Busan, according to reporting from Seoul on Jan. 9.
South Korea’s second-largest city, Busan, has been the subject of prior headlines for its status as a deregulated outpost and for its desire to create a digital currency based on blockchain technology, as Cointelegraph reported in July 2019.
New York governor Andrew Cuomo wants to give the Department of Financial Services (NYDFS) more powers in regulating certain licensed entities, including cryptocurrency startups.
Cuomo presented his 2020 "state of the state" plan on Wednesday, publishing a 321-page list of proposals including a new look at exemptions that currently exist for certain consumer financial products and services.
While NYDFS, the creator of the notoriously hard to acquire "BitLicense," can already bring enforcement actions against unlicensed entities, some companies can claim that they are not subject to the regulator because they do not directly sell their products to consumers.
🗞 Daily Crypto News, January, 10th💰
- YOU COIN (YOU)
- Crypto Sports (CSPN)
"The waiting is over! Count with us the days, hours and minutes until the Crypto Sports Network Esports Platform launches!"
- Bytom (BTM)
"The swap will be ended before Jan 10th,2020! Migrate to mainnet ASAP."
- 3DCoin (3DC)
3DCoin / ProjectDistricts AMA on Telegram - January 10, 2020 - Starts at 21:00 UTC+4, ends at 23:00 UTC+4.
- MediBloc [ERC20] (MEDX)
MediBloc Tokenswap Extended December 19th, 2019 18:00 — January 9th, 2020 18:00 (KST) Method: Token swaps using medibridge will be allowed.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of my last analysis :
Here is the current chart :
Bad news today as the major support line at 0.124$ has been broken so the drop is immediatly taking place. It is really not a good news as this support line was holding us since weeks and we have now all the work to do again to go back on that line. It could be quick if this is a new trap from the market or very long if the market want do new lows on the STEEM. Let's see, next support line at 0.115$.
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