🗞 Daily Crypto News, January, 25th💰

vlemon (76)in #cryptopcurrency • 5 years ago

JP Morgan Analysts: Bitcoin Price Could Sink Even Further, Crypto Values Unproven ;
XRP Market Cap May Be Overstated by Billions, Messari Report Estimates ;
Leaked Images Reignite Expectations for Crypto Wallet in Samsung’s Galaxy ;
IBM, Aetna, PNC Explore Medical Data Blockchain for 100 Million Health Plans ;
Galaxy Digital Reportedly Raising $250M to Help Firms Survive Crypto Winter ;
📑 Daily Crypto Calendar, January, 25th💰
STEEM Trading Update

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

🗞 JP Morgan Analysts: Bitcoin Price Could Sink Even Further, Crypto Values Unproven

Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24.

According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a hypothetical “dystopian” event, wherein investors have lost faith in major traditional assets like gold and the U.S. dollar. The analysts stated in a report:

“Even in extreme scenarios such as a recession or financial crises, there are more liquid and less-complicated instruments for transacting, investing and hedging [than cryptocurrencies].”

🗞 XRP Market Cap May Be Overstated by Billions, Messari Report Estimates

A new report from crypto data startup Messari estimates that the true market capitalization and circulating supply of the digital asset XRP is markedly less than what data sources currently present.

As depicted on data providers like CoinMarketCap as well as Ripple – the distributed ledger tech company closely linked to the digital asset – XRP’s circulating supply is pegged at roughly 41 billion tokens. But in its report, Messari posits that of that figure, 19.2 billion XRP “may be illiquid or subject to significant selling restrictions” tied to daily trading volume, including “at least 6.7 billion XRP” held by Ripple co-founder Jed McCaleb that are subject to an agreement between him and Ripple.

🗞 Leaked Images Reignite Expectations for Crypto Wallet in Samsung’s Galaxy

It is a premiere expected by many and crypto enthusiasts have become part of the impatient crowd. The long-awaited 10th anniversary edition of Samsung’s flagship smartphone will reportedly come in different versions, including one with 5G connectivity, which will have up to six cameras, front and rear. According to newly leaked images, it will also feature a cryptocurrency wallet.

🗞 IBM, Aetna, PNC Explore Medical Data Blockchain for 100 Million Health Plans

IBM is collaborating with a group of major players in the healthcare space to improve the way sensitive data is shared and make health claims and transactions more efficient – all in the form of a “blockchain-based ecosystem.”

Announced today, Big Blue is joined in this effort by Aetna (acquired last November by pharmacy and health plan provider CVS Health), health plan provider Anthem, Health Care Service Corporation (the largest customer-owned health insurance provider in the U.S.) and PNC Bank. These providers combined account for close to 100 million healthcare plans.

🗞 Galaxy Digital Reportedly Raising $250M to Help Firms Survive Crypto Winter

The current market environment has caused several cryptocurrency companies such as exchanges, and miners to cancel growth plans, downsize their operations or even completely shut down. A massive new fund reportedly in the works is designed to help such struggling firms with much-needed finance until the situation improves and they return to profitability.

📑 Daily Crypto Calendar, January, 25th 💰

DEEX (DEEX)

On January 25, 2019 DEEX launches mobile adaptive version of the Exchange.

Bitcoin (BTC)

Last trade of Bitcoin futures contract for January, 25th 2019, trading terminates at 4 PM GMT.

Murmur (MUR)

MUR Token will be live on EOS blockchain and 100 MUR will be distributed to all new users who install and use the app.

General Event (CRYPTO)

"We will now be targeting January 24, 2019 for our launch to ensure that our participants are ready to trade on Day 1."

DADI (DADI)

"Our first #AMA of 2019 will be this Friday on Telegram, Discord and Reddit. Got questions? We got answers. Join us at 2pm UTC on the 25th."

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

Little bit disapointed by the break of the support line in orange but look how the market is reacting... When we have a break very powerfull, the break creates immediatly a Break Out due to the people who were waiting the break. Here we can see that we broke the line but we are staying just under the line, no DOWN Break Out. So I suppect that a UP break Out will come back very soon, exactly like we had several times on the STEEM already these last weeks.

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5 years ago in #cryptopcurrency by vlemon (76)

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cryptospacetwit (51) 5 years ago

The irony about JPM analysts is that crypto currency was spawned in order to avoid dealing with those fools. So to think their opinion would matter to us, at least in the long term, is super ironic.

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