🗞 Daily Crypto News, December, 31st💰

in #cryptocurrency • 5 years ago (edited)

  • The Biggest Crypto Winners of 2019 ;
  • IOTA Fixes ‘Minor’ Network Bug Following 15-Hour Mainnet Downtime ;
  • Thanks to Better UX, This Year Dapps Will Go Mainstream ;
  • Justin Sun Fails to Impress Market With DLive and BitTorrent Partnership ;
  • Sovereign Powers Could Be Key to Mass Crypto Adoption ;
  • 🗞 Daily Crypto News, December, 30th 💰
  • STEEM Trading Update

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

🗞 The Biggest Crypto Winners and Losers of 2019

Even though the cryptocurrency industry is not new to ups and downs, 2019 has turned out to be the year with the most surprising reveals. The long-lasting bear market of 2018 moved market analysts to call it the year of regulatory reckoning, leaving many jurisdictions uncertain about how to treat cryptocurrencies.

However, 2019 also turned out to be the year of the comeback, as big tech giants like Facebook moved from banning crypto to embracing it.

Fortunately, Bitcoin kicked off the year with a bullish trend that resulted in an approximate price increase of 11% higher by the end of the first quarter. Anthony Pompliano, the co-founder of Morgan Creek Digital asset management firm, shared his view with Cointelegraph:

“Bitcoin’s price is up significantly in 2019 [as there are] more buyers than sellers on a net basis this year.”

Gods Unchained’s rise to popularity

According to reports, Gods Unchained, a blockchain-based virtual card game built on Ethereum, emerged as one of the highest-grossing and most popular blockchain games in 2019. This came about after the platform completely sold out its Genesis Card Pack to the tune of about $6.2 million. This came about after Blizzard, the creators of Hearthstone (a digital trading card game) banned Hearthstone player Chung Ng Wai (also known as Blitzchung) for expressing support for the Hong Kong protests. The Hearthstone game developer also stripped Blitzchung of his winnings.

Coinbase’s continued expansion

In the past, Coinbase maintained a reputation for employing a rather selective strategy for adding coins to its exchange. As one of the big league exchanges in the crypto space, Coinbase is also known for having significantly fewer large-scale hacks. In a year that saw other major exchanges like Binance fall victim to large scale security breaches, leading to the loss of thousands of Bitcoin, Coinbase stands out as a reliable and safe platform.

Binance ventures further

Ask any market analyst and they will admit that initial exchange offerings have grown into a big business in 2019. Reports have revealed a high demand for IEOs right from Q1 2019 to Q3, not to mention the fact that they collectively raised over $1.5 billion in the first half of 2019 alone. Unlike initial coin offerings, the biggest determining factor for a successful IEO is the availability of liquidity, and what better way to access liquidity than launching an IEO on a popular exchange.

🗞 IOTA Fixes ‘Minor’ Network Bug Following 15-Hour Mainnet Downtime

The IOTA Foundation said it has resolved a software bug that prevented transactions from confirming on the IOTA network for 15 hours.

According to a GitHub submission from an IOTA developer Sunday night UTC, a bug in the node software created a "corrupt ledger state."

"There is an edge case where IRI [IOTA Reference Implementation] didn't account for a transaction that was shared between two distinct bundles. Once it marked it as 'counted' in one bundle, it was ignored for the next bundle," the GitHub post reads.

Users first reported the problem on Sunday, which took IOTA's engineering team some 15 hours to fix. IOTA founder David Sønstebø said the bug was "minor" and "it's really no different from periods where the network has been spammed and thus real tx [transactions] slowed down significantly".

🗞 Thanks to Better UX, This Year Dapps Will Go Mainstream

This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Jason Goldberg is founder of OST, which powers the ethereum application layer, and Pepo, an app where people share videos for tokens.

As recently as a year ago, even the most ardent blockchain proponents had to concede the user experience was too clunky for any app using cryptocurrency to make it in the mainstream. After all, who could imagine users accustomed to smooth on-boarding and participation on apps like Instagram, tolerating having to write down 12 words to secure a wallet or operate a second browser window or another app to "sign" transactions. Can you imagine asking Instagram users to make sure they have enough ETH in their ‘Insta-wallets’ to pay gas on each transaction?

Thankfully, 2019 will be remembered for technical innovations that enabled dapps to start to feel like apps. The foundation is laid, and blockchain is finally ready for primetime. 2020 will be the year we begin to see mainstream adoption of crypto-powered apps.

🗞 Justin Sun Fails to Impress Market With DLive and BitTorrent Partnership

The crypto market doesn’t seem to be impressed with blockchain-based content sharing platform DLive becoming a part of the BitTorrent ecosystem.

In order to do so, DLive, that has "over five million monthly active users," will be migrating to the Tron (TRX) blockchain. As a reminder, Tron owns BitTorrent, a communication protocol for peer-to-peer technology sharing of files on the internet, and BitTorrent (BTT) token is a joint project between Tron and BitTorrent Foundation. The announcement says that DLive and BitTorrent’s goal in this partnership it “to bring blockchain-based peer-to-peer content shairn g,including live streaming, to everyone,” though they haven’t shared more information yet as to what that entails exactly.

Meanwhile, neither TRX nor BTT are showing any particular positive cahnges in the last 24 hours. BTT is currently (9:01 UTC) changing hands at USD 0.0002. It dropped 6.5% since yesterday, and it appreciated 5% in a week. Similarly, Tron is trading at USD 0.013. It's down 3.7% in a day and 2.8% in a week. And while the market is in red today, bothe oins dropped more, compared to the total market capitalization that declined 2%.

🗞Sovereign Powers Could Be Key to Mass Crypto Adoption

Nation-states made a more substantive impact this year than the ten previous years of crypto combined. China’s statist approach, in particular, may prove to be a catalyst to the still elusive “mass adoption of crypto.”

In the US, the SEC made headlines with several high-profile enforcements including EOS, Telegram, and kin, while federal lawmakers made their presence felt regarding Facebook’s Libra. FINCEN’s KYC/AML guidance factored prominently, and token sales and SAFT rounds slowed in 2019, driving much of the fundraising activity towards exchange platforms, causing a short blip of popularity in IEOs.

Regulatory action may have caused deal flow to slow, U.S. entrepreneurs and investors say, even if Silicon Valley will continue to produce some of the most compelling innovation in blockchain. As the industry moves forward into bitcoin’s second decade, there will continue to be high-drama friction as we try to reconcile crypto-anarchist ideals of pseudonymous participation with long-standing regulations around securities, KYC/AML and money-transmission laws.

🗞 Daily Crypto News, December, 31st💰

  • Bitcoin (BTC)

Bitcoin Futures Contract (BTCZ19) settles on December 30, 2019.

  • Mithril (MITH)

"Starting late December 2019, MITH holders will only need to deposit their MITH into their Steaker account to start earning MITH."

  • VeChain (VET)

"Reminder: Polls will be open until 10:00 UTC+8, December 30th, 2019."

  • MovieBloc (MBL)

MovieBloc Official Service will be launched on December 30th 2019.

  • Ethereum Classic (ETC), XRP (XRP)

"$XRP & $ETC USDT-Perpetual Swap trading will open at 06:00 Dec 30, 2019 (UTC)."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

We are stucked in the middle of the 2 lines, one support and one resistance line and we need now to wait for a break out which will indicate the next direction for a short term trend. Just relax and enjoy end of year celebration, I think the start of the year could be the start of a nice trend. STEEM doesn't look as weak as it was before ad it is quiet nice news for holders.

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5 years ago in #cryptocurrency by
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     5 years ago 

    Nice report! Thanks!

    Happy New Year 2020 to you!

    Good luck!

    [-]
     5 years ago 

    Same to you ! Happy 2020 my friend !

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       5 years ago 

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