Crypto Press's Evening Crypto News Digest - 12/21/2019 12:01:21 AM - UTC
12/21/2019 12:00:00 AM,$BTC | #BTC - bitcoin's Current Price: ▼ $7217.3512 | 1h ▼ : -0.19 % | 24h ▲ : 0.29 % | 7d ▼ : -0.71% | More on: Bitcoin Information
12/21/2019 12:00:00 AM,$ETH | #ETH - ethereum's Current Price: ▼ $129.0734 | 1h ▼ : -0.04 % | 24h ▲ : 0.17 % | 7d ▼ : -10.85% | More on: Ethereum Information
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: Bitcoin Price is Poised to Return to $6,500 Lows; Analysts Explain Why ,2019-12-20
: This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to the upside, all within the span of a few days.\nRelated Reading: Bitcoin Exchange Outflow Spikes to $606M in 1 Day: Is Accumulation Starting?\nBitcoin’s latest bout of ... ,
Ripple Closes $200 Million Fundraising Round, But Community Questions Motives: 2019-12-20
FinTech startup Ripple announced today that they are capping off a â€œrecordâ€ year with a $200 million Series C fundraising round, which was completed in hopes of providing them with more flexibility to help continue building their operations on a global scale.\nThis fundraising round comes concurrently with significant community criticism of the companyâ€™s regular market sales of XRP tokens, which has been largely looked upon as the impetus of the lackluster price action it has ...
Should History Repeat, Bitcoin Price Will Drop 40% to Bottom at $4,300
You’ve likely heard the term “echo bubble” tossed about in relation to Bitcoin over the past couple of months. For instance, hedge fund manager Mark Dow, an investor that shorted BTC when it traded at $20,000 in December 2017, recently quipped that the leading crypto is in a “textbook echo bubble.” This came shortly after he quipped in an earlier tweet that Bitcoin will die a “grinding death, punctuated by spoofs and FOMO spasms of ...
SEC Punts Decision on Wilshire Phoenixâ€™s Bitcoin ETF Proposal to February: 2019-12-20
The SEC will approve or reject Wilshire Phoenix's bitcoin and U.S. Treasury ETF proposal next year.
GSR and Interhash to Create Hedging Solutions for Bitcoin Miners: 2019-12-20
Hedging products for Canaan mining network becoming available in Jan, 2020
XRP Not Likely a Challenge to Bitcoin, Despite Rippleâ€™s $10 Billion Valuation
Blockchain start-up and XRP proponent Ripple says itâ€™s raised a $200 million investment round, lifting its valuation to $10 billion. \nDespite this move, critics worry whether Ripple and its XRP digital currency have a future in the space when up against CBDCs, stable coins, and XRPâ€™s biggest competitor, Bitcoin. \nRipple Hopes Funding Refutes XRP Skeptics \nThe $200 million Series C funding round, which was led by global investment firm Tetragon, could help validate ...
Beware: Hidden Bear Divergence Could Spell Trouble for Bitcoin: 2019-12-20
Bitcoinâ€™s buyers have been ardently defending the cryptocurrencyâ€™s newfound position within the $7,000 region, as it appears that selling pressure has been ramping up in the time following BTC’s surge from lows of $6,400.\nAlthough the bounce at this level was certainly a bullish sign, it is important to note that the momentum that resulted from this rally has faltered, which is leading some analysts to question the long-term significance of this movement.\nBitcoin Still ...
Japanâ€™s Top Credit Card Issuer JCB to Apply DLT in Its $10T B2B Market: 2019-12-20
Japanâ€™s top credit card issuer JCB plans to address major challenges in Japanese $10 trillion B2B market with blockchain
Bitcoin Price is Poised to Return to $6,500 Lows; Analysts Explain Why: 2019-12-20
This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to the upside, all within the span of a few days.\nRelated Reading: Bitcoin Exchange Outflow Spikes to $606M in 1 Day: Is Accumulation Starting?\nBitcoin’s latest bout of ...
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