One Stop Cryptocurrency NewsCast For Today ?

📮 23-12-2019

📉 MarketCap:                  $204 B
📊 24h Mcap %:                  5.68%
⚠️ Bitcoin Dom:                 68.0%

📌 Active Coins:                2,454

📍 24h Vol %:                  45.69%
💲 24h Vol:                     $55 B

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1.  Bitcoin developer John Newbery, suggests that the Lightning Network may be one of the most active aspects of BTC’s evolution. New technologies are being developed to make the LN function smoother, allowing multi-path payments and boosting reserves to ensure liquidity. After Bitfinex added lightning deposits and withdrawals all other exchanges, merchant service providers, custodians and wallets will follow suit. Implementations will begin in 2020 commented Newbery.

2.  At present several exchanges have been implementing elaborate know-your-customer [KYC] as well as anti-money laundering [AML] rules in order to be more compliant with the regulators. However, Poloniex seems to be taking it down a notch as it revealed that unverified customers could trade on the platform. The exchange suggested that the existing unverified customers would be unfrozen while being upgraded to Level 1 over the next few months. Customers with Level 1 would possess privileges like unlimited trading, unlimited deposits.

3.  Thailand, one of the most-visited countries in the world, will soon apply blockchain to its Electronic Visa On Arrival (eVOA). Thailand’s new blockchain-powered eVOA system intends to speed up and protect the digital visa application process and will soon be available for five million visitors from 20 countries. According to the announcement, Thailand will initially roll out the blockchain-enabled eVOA service with a focus on visitors from China and India. The new feature will purportedly streamline the process of applying for Thailand’s visa.

4.  Grayscale Investments, the crypto-asset management firm behind the famous #DropGold campaign held $2 billion in Assets Under Management [AUM] amid crypto market chaos. In its latest tweet, the firm revealed that on December 20th Bitcoin investing product, Grayscale Bitcoin Trust, registered a $1,868 million Assets Under Management. Grayscale Bitcoin Cash Trust on the same day registered a $3 million AUM. Meanwhile, its Ethereum product registered $63.3 million Assets Under Management.

5.  Most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) has breached the $7,500 mark again. Bitcoin price is currently up by 4.58% on the day, trading at around $7,523 at press time. Looking at its weekly chart, the coin is up by about 8.9%. Data shows that ETH has seen its value increase by about 2.5% over the last 24 hours. At press time, ETH is trading around $132. XRP is up by about 0.91% over the last 24 hours and is currently trading at around $0.195.

6.  A recent poll has indicated that a large portion of the Ethereum community, on Reddit at least, is in favor of reducing block rewards and ETH issuance with the next hard fork. It has been less than a month since Istanbul ushered in some interoperability, security and cost reduction improvements for the Ethereum network. Now another hard fork is looming and is likely to take place on New Year’s Day, or at block 9200000. Almost 70% of the Ethereum community responded in favor of dropping the block reward to 1 ETH.

7.  The United States Securities and Exchange Commission (SEC) has earmarked a longer period for considering an updated Bitcoin (BTC) and U.S. T-Bills exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund. In a notice published on Dec. 20, the regulator indicated it would come to a decision on approval or disapproval of the fund by Feb. 26, 2020. The investment firm’s proposal is for a Bitcoin and Treasury Investment Trust, shares for which would be listed and traded on the NYSE Arca exchange.

8.  Mu Changchun, Chinese central bank official, who is in charge of creating DCEP (digital currency electronic payment), also referred to as ‘Digital Yuan’, has disclosed some new details about it. He revealed that DCEP will be a digital version of the yuan, however, unlike Libra, it will not be backed by any fiat currencies or other physical assets, there would be no speculation on its value. It will be different to Bitcoin or any stablecoins, he says. However, he admits that it will be a digital format of the RMB.

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