🗞 Daily Crypto News, February, 1st💰

in #bitcoin • 4 years ago

  • Bitcoin Price Faces the Last Big Hurdle Before $10,000;
  • Top 10 Books Recommended by Crypto Thought Leaders;
  • Zcash’s Funding Vote and the Woes of Decentralized Governance;
  • Ripple Unlocks Half Billion Tokens From Escrow as XRP Price Up 26% YTD;
  • 9 Ks, 12.5 Percents, 51 Attacks and 20 Crypto Jokes;
  • 🗞 Daily Crypto Calendar, February, 1st 💰

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

🗞 Bitcoin Price Faces the Last Big Hurdle Before $10,000

Bitcoin price (BTC) kicked off 2020 with an incredible 37% gain in the month of January. Aside from that, support was found at $8,200 earlier this week. This support test resulted in a continuation of the upward momentum, leading the price towards $9,500.

Is the price of Bitcoin ready to face $10,000?

Bitcoin shows strong monthly candle for January

The monthly candle closed yesterday, which can only give a bullish conclusion. A potential new upwards trend has started, given that buyers stepped in during January at every support/resistance test.

https://s3.cointelegraph.com/storage/uploads/view/350eb62ba15ad84984c79ae453f07f37.

🗞 Top 10 Books Recommended by Crypto Thought Leaders

At the end of 2019, Cointelegraph collected an interesting and sometimes unexpected selection of books from people without whom the world of cryptocurrency and blockchain would be completely different.

Tyler and Cameron Winklevoss, Changpeng Zhao, John McAfee, Grigory Klumov and the Cointelegraph team shared the most interesting books that they read in 2019. These recommendations are for those who want to immerse themselves in the crypto industry. They also aim to help readers understand the ideas that have influenced the worldview of these industry leaders.

Here are the top 10 books that the best crypto minds of our time recommend reading.


...

🗞 Zcash’s Funding Vote and the Woes of Decentralized Governance

The zcash community has agreed to continue funding the development of its privacy coin, ZEC, as spearheaded by the Electric Coin Company (ECC) and the Zcash Foundation, according to voting results published by the foundation Thursday.

The decision marks the end of a months-long – and often contentious – campaign to address imminent funding losses for both organizations.

For the ECC and Zcash Foundation to continue developing zcash, particularly as its use case faces increased scrutiny from international regulators grappling with the implications of privacy coins, the funding is a lifeline for hiring top talent.

🗞 Ripple Unlocks Half Billion Tokens From Escrow as XRP Price Up 26% YTD

XRP price growth remains lackluster as February begins, despite blockchain payment network Ripple releasing 500 million tokens from its escrow.

Data from the XRP blockchain noted by monitoring resource Whale Alert on Feb. 1 confirmed a single transaction of 500,000,000 tokens worth $119.5 million left Ripple’s escrow the same day.

XRP “rewards” bagholders with 26% returns

The move is the latest in a series of planned releases, which Ripple has scheduled to occur on the first of each month for 55 months.

🗞 9 Ks, 12.5 Percents, 51 Attacks and 20 Crypto Jokes

This crypto week, we watched Bitcoin play with USD 9K while coronavirus fears weighed on stocks, saw BTC usage rising on darknet markets, found a clear indication of healthy BTC adoption, and discovered that the 51% attack on BTC is pricier and on ETH cheaper. Speaking of ETH, a USD 1.57 million bet was placed in hopes that ETH will exceed USD 600 before the end of March. Speaking of attacks, Bitcoin Gold suffered two 51% attacks.

And while two former BitTorrent employees are suing Tron, a pool of anonymous Bitcoin Cash miners decided not to start a competing pool for now, but the 12.5% dev tax might still be implemented. Meanwhile Zcash community voted to change mining rewards. While Line is about to bring its token to 82 million users, former Google VP of Product joined Coinbase.

🗞 Daily Crypto News, February, 1st💰

  • ICON (ICX)

"Check out our January roadmap update which includes the latest on private to public interchain, our contribution proposal system..."

  • TokenClub (TCT)

AMA with co-founder and CEO of TCT in Binance Nigeria Telegram at 8 PM (WAT).

  • Loopring (LRC)

"Our first Monthly Update of 2020"

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