🗞 Daily Crypto News, January, 18th💰

• Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain ;
• You Can Now Buy Bitcoin at Some Grocery Stores in the US ;
• No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says ;
• Winklevoss Capital: Investors Are ‘Thoughtfully Dipping their Toes into Crypto,’ Not Taking the Plunge ;
• South African Reserve Bank Begins To Plan Crypto Regulations ;
• 📑 Daily Crypto Calendar, January, 16th💰
• STEEM Trading Update

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

🗞 Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain

A lot has changed since our last markets update as digital asset prices have been consolidating after the cryptoconomy’s last big drop in value. The entire ecosystem’s market valuation has lost about $10 billion over the last week, but stronger global trade volumes have managed to keep values afloat at current prices as traders await the next big wave of movement.

Another week has passed in cryptocurrency land, during which most digital asset markets have been consolidating tightly into a downward triangular pattern. At the moment, the entire crypto economy of all 2,000+ assets is hovering at about $120 billion with around $15.6 billion worth of global trades. Currently, bitcoin core (BTC) prices are meandering just above $3,650 with a market capitalization of about $63.8 billion. BTC captures roughly $5.2 billion in trade volume but the asset is down 2.6% for the week.

🗞 You Can Now Buy Bitcoin at Some Grocery Stores in the US

The crypto curious will soon be able to dip their toes into bitcoin while grocery shopping.
Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar to allow bitcoin purchases through Coinstar kiosks in a number of U.S. states, the companies announced Thursday.

At launch, only customers at certain Safeway or Albertsons stores in California, Texas and Washington state will be able to purchase bitcoin through the kiosks, though there are “plans to extend this offering to additional U.S. markets and retailers following a successful launch,” a press release said.

“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cash.”

🗞 Bitpay Reports Processing Over $1 Billion Transactions in 2018

Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.

Medvedev thinks the Russian Federation should watch the situation with cryptocurrencies, whose rates “showed extreme volatility” in an extremely bearish 2018. The value of some digital assets fell five-fold, the head of the Russian government noted during his appearance at the annual Gaidar economic forum. Quoted by Tass, he further elaborated:

"This, of course, is not a reason to bury them. As with any social phenomenon, any economic institute, there are both bright sides and dark sides."

Three bills were voted on first reading in the Duma in last May – “On Digital Financial Assets,” “On Attracting Investments Using Investment Platforms,” and “On Digital Rights.” Their final adoption was postponed multiple times but is now among the priorities for the spring session of the house. The drafts are part of a long list of bills designed to regulate different aspects of the digital economy.

🗞 Winklevoss Capital: Investors Are ‘Thoughtfully Dipping their Toes into Crypto,’ Not Taking the Plunge

Sterling Witzke, partner at the Winklevoss twins’ family office Winklevoss Capital, says she doesn’t think 2019 will be the watershed year for institutional investors to get into crypto. Witzke backed her claim by arguing that expectations are running ahead of facts on the ground.

Witzke made her remarks during an interview with Cointelegraph at the Crypto Finance Conference in St. Moritz, Switzerland, Jan. 17. She argued that the upshot of the 2017 crypto market bull run — when Bitcoin soared to all-time highs of $20,000 a coin — has been a skewed perception of what it takes for traditional capital to embrace innovation:

“Because the end of 2017 was so crazy, people tend to think the space moves at lightning speed [..] At the level of underlying [tech] development it [often] does [...] but I think it takes a while for institutions to get comfortable. There needs to be better custody, healthy debt and credit markets to get [them] really excited. So I don’t think 2019 will necessarily be the year.”

🗞 South African Reserve Bank Begins To Plan Crypto Regulations

The South African Reserve Bank (SARB), in collaboration with the Intergovernmental Fintech Working Group (IFWG), has published a consultation paper proposing crypto regulations for exchanges and wallet providers. The paper specifies that these propositions are intended for "non-governmental or non-central-bank-issued crypto assets," rather than "central bank crypto currencies."

"…the [Financial Intelligence Centre] (FIC) will include crypto assets service providers as an accountable institution and, as such, the accountable institutions will be under legal obligation to comply with [anti-money laundering]/[combating the financing of terrorism] requirements in the FIC Act. However, the FIC does not set predefined conditions or market entry requirements for such business – therefore, South Africa will fall under a 'limited regulatory' framework."

📑 Daily Crypto Calendar, January, 18th💰

• Waltonchain (WTC)

"Mainnet Update and Internal Testing."

• Ethereum (ETH)

COBINHOOD supports Ethereum's Constantinople hard fork at block height 7,080,000, expected between Jan 14-18.

• Herbalist Token (HERB)

"Herbalist will announce the community vote winner!"

• BitCoin One (BTCONE)

"Bitcoin One blockchain: from ERC20 to real coin!".

• Waves (WAVES)

Binance opens trading for new WAVES pairs with USDT, TUSD, PAX and USDC at 10:00 AM (UTC).

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

Yesterday we were still testing the resistance line at 0.31$. This one has been broken today with an important volume and this is a good sign. After the Break, we did a Pull Back and touched almost the line before starting to go up again. This is a second bullish pattern. Let's see what will be the next surprise that STEEM will give us.

Last Updates

• 🗞 Daily Crypto News, January, 17th💰
• 🗞 Daily Crypto News, January, 16th💰
• 🗞 Daily Crypto News, January, 15th💰
• 🗞 Daily Crypto News, January, 14th💰
• 🗞 Daily Crypto News, January, 13th💰
• 🗞 Daily Crypto News, January, 12th💰
• 🗞 Daily Crypto News, January, 11th💰

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