One Stop Cryptocurrency NewsCast For Today ?

📮 22-12-2019

📉 MarketCap:                  $193 B
📊 24h Mcap %:                 -0.22%
⚠️ Bitcoin Dom:                 67.4%

📌 Active Coins:                2,408

📍 24h Vol %:                 -14.24%
💲 24h Vol:                     $38 B

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1.  Crypto research company Messari states that Ripple has now become second most valuable company in the industry. After attracting $200 mln as part of its Series C funding round from SBI Holdings, Tetragon and Route 66 Ventures Ripple has now became $10 bln company, the second most valuble company in crypto space after Bitmain, leaving all other companies in the crypto industry behind writes Messari agency. Ripple is now also tied for the 18th most valuable start-up in the world.

2.  Bitcoin investment stood out from the rest as the best of the 2010s. As per the report by Bank of America Securities, if you would have invested $1 in bitcoin at the start of the decade, it would now be worth more than $90,000. Bitcoin being a highly speculative investment, still has soared during the past decade and emerged as the most-popular and widely accepted cryptocurrency. More retailers are now accepting bitcoin as a form of payment, and several investment firms and exchanges have launched BTC futures trading.

3.  The leading global crypto exchange, Binance announced its strategic investment in the cryptocurrency derivatives exchange, FTX. The Malta-based crypto platform and FTX will essentially work together to further develop the cryptocurrency ecosystem. This partnership aims to leverage FTX’s platform to build the liquidity and institutional product offerings across the Binance ecosystem. FTX registers around $500 million in daily volume making it one of the world’s largest Bitcoin futures exchange.

4.  In response to the regulator’s disapproval order of Bitwise bitcoin ETF in October, Cryptocurrency asset management firm has written a new letter to the U.S. Securities and Exchange Commission (SEC) saying that it is “committed” to creating a bitcoin exchange-traded fund (ETF). On market manipulation front, Bitwise said the bitcoin market is “uniquely resistant” because bitcoin’s price is set in the open market. Traditional markets, on the other hand, "rely on coordinated fix pricing,” where scandal have occurred in past, according to Bitwise.

5.  The crypto market has been quite a rollercoaster lately. Most major cryptocurrencies have followed suit but have remained significantly weaker than Bitcoin which was able to break above an important daily resistance and has managed to raise its total market dominance to 68.3%. While most cryptocurrencies have fallen to levels lower than at the beginning of the year, Bitcoin has maintained a 74% YTD and its correlation with the S&P 500 keeps increasing while gold is falling back. Another important factor to consider is the performance of Bakkt recently.

6.  Changpeng Zhao, the CEO of Binance is of the opinion that 2020 will see more governments moving into both the cryptocurrency and blockchain world. He stated, There is a growing amount of governments across the globe examining blockchain and cryptocurrencies, including stablecoins, as well as self-regulated and global regulatory standards, which indicate more widespread public adoption. CZ added that governments will try and test “different experiments,” throughout the next year, and despite its fate, it will only have positive effects on crypto-adoption.

7.  Ethereum’s network was the largest when it came to the number of nodes, and the blockchain dominated the industry in terms of size. However, the number started falling in 2019. Bitcoin has overtaken ethereum in node numbers for the first time since at least 2016 with bitcoin currently having 10,266 nodes while the highest number for eth is 10,078. Etherscan, however, counts only 7,857 eth nodes. There used to be some 30,000 public eth nodes and even during summer 2018 there were some 16,000. Now that’s halved again to just about 8,000.

8. The success of Shelley testnet, which has surpassed 500 staking pools, makes Cardano a must-watch blockchain project in 2020. Cardano's Shelley testnet, which went live on Dec. 13, can now boast more than 500 staking pools, greatly surpassing the initial target of 100 pools. This marks a major milestone for decentralizing the network. The network is expected to reach around 1,000 stake pools by the end of the new era. With 509 them already up and running, Cardano could easily hit this target.

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