Crypto Brief Dec.15: Bitcoin maybe will dump to $ 5,500 plus Ethereum, GBTC, EOS, Bitcoin.com, Lisk, Cardano, Poloniex, Bitcoin SV news
From Bitcoin’s bearish outlook in the short-term to Poloniex has not yet delisted Digibyte. These are some of the prominent news in the crypto space.
CryptoBirb, a strong supporter of the positive effects of the golden cross, recently noted that Bitcoin is still likely to see a dump to $ 5,400 – $ 5,600. It marks a 23% decline from the current price of $ 7,150. This coincides with the long-term 0.786 Fibros retracement.
the golden cross is here for 2020 but it still might dive 5.4-5.6k (0.786 Fib), unless we start closing weekly 8k+
I wouldn’t mind cheap ₿₿₿ for Christmas personally??
Decembers have almost always provided us with extremes and pivots. U ready for when it comes? pic.twitter.com/XFk6ORaZbH
— Crypto₿irb (@crypto_birb) December 14, 2019
Trader Cold Blooded Shiller shared the same views as CryptoBirb. He said that $ 7400 of Bitcoin is currently in the middle of the channel and not near the bottom. The scenario he is expecting can be seen in the tweet below, showing that No.1 could return to a low of $ 5,000, a range that has been identified by other analysts as the potential macro bottom.
Rampage analyst is also discounting on Bitcoin. He said BTC seems to be constrained in a dump cycle that has occurred several times in the past.
— Rampage (@Thrillmex) December 14, 2019
The pattern starts with a parabolic demonstration. Shortly thereafter, BTC withdrew and entered the consolidation phase. Then start a second rally to a lower high, followed by a long-term collapse and enter the bear market.
The Bitcoin Investment Trust (GBTC), an investment vehicle operated by Grayscale that allows institutional investors and recognized Bitcoin traders, has seen a premium of 24%.
Each GBTC share represents about one-thousandth of a bitcoin or 0,00097033 BTC. GBTC is currently priced at $ 8.79, the value of bitcoin is $ 8,966.
On the major spot and margin exchanges, the price of bitcoin is hovering at $ 7,200.
According to Grayscale, the company’s net assets, mainly from GBTC, have risen to $ 2 billion.
12/13/19 UPDATE: Holdings per share, net assets under management and digital assets per share for our investment products.
— Grayscale (@GrayscaleInvest) December 13, 2019
Tom Jessop, president of Fidelity Digital Assets (FDAS), announced in a new interview with The Scoop that the investment giant will support Ethereum by 2020.
Launched in 2019, FDAS provides cryptocurrency depository and trading tools for institutional investors and traders. However, FDAS is currently deploying a Bitcoin-backed depository platform because bitcoin has the longest track record, so there is a desire for stronger capital allocation from institutional investors.
The technology and engineering company behind Cardano, IOHK, stated it has allowed staking in its Shelley Incentivized Testnet.
Staking allow investors to earn rewards for holding ADA to help power the network and process transactions.
The launch sequence has begun… destination? Staking! This afternoon we’ve successfully spun up and tested the Shelley Incentivized Testnet network. We’re now inviting our #Cardano Stake pool operator partners to get set up over the weekend 1/2
— Input Output (@InputOutputHK) December 13, 2019
The crypto community in recent weeks has been buzzing about the fairly outspoken remarks of DigiByte founder Jared Tate when he commented that CEO Tron Justin Sun and CEO Binance Changpeng Zhao were crooks.
Soon there was news that Poloniex would soon delist DGB. So far, there is no clear reason for delisting. Poloniex simply stated that Digibyte is not eligible for listing standards.
However, up to now, the delisting has not been implemented. Digibyte is currently in the top 15 in terms of trading volume on the exchange. This prompted Rudy Bouwman, Vice President of the Digibyte Foundation, to ask for clarification.
After your announcement 8 days ago to delist $DGB, I see #DigiByte still trading in top 15 (volume).
Can you please let us know a deadline for withdrawing $DGB? Moreover, we still haven’t received a clear reason for the delisting. A reply would be appreciated.
— Rudy Bouwman (@RudyBouwman) December 13, 2019
This announcement led to a series of DGB left from Poloniex. Recently, 100 million DGB has been withdrawn from the exchange. However, there are still 500 million DGB kept in Poloniex’s wallet.
US MCO Visa cardholders can now fund their cards with 7 cryptocurrencies supported in the Crypto.com App. Deposit options currently include EOS, bringing the total number of options to seven along with BTC, ETH, XRP, LTC, PAX and TUSD.
— EOS New York (@eosnewyork) December 12, 2019
Two more days (on Tues 17 Dec 06 am UTC) EOS will be listed on Crypto.com Exchange using The Syndicate – Crypto.com’s fundraising platform. Crypto.com Coin (CRO) holders will receive priority token allocation for these events. The listing of EOS is the first of these events.
— Crypto.com (@cryptocom) December 13, 2019
The Lisk project, one of the most advanced ICOs since 2016, has been struggling despite relatively solid backing.
Lisk’s team is one of the project’s most important features and startup offices in Berlin. But the long decline in the price of cryptocurrency assets has led to a motivation for layoffs to make operations tidy. Lisk fired 21 of its employees and terminated the contracts of three staff that were still not involved.
Bitcoin.com was launched in early September 2019 as an easy-to-use platform with world-class security and a powerful trading tool. It has rapidly expanded its list and now offers 27 different digital tokens for users to trade. Two of the latest additions are ACD and HEX.
ACD is created by Tokyo-based company Alliance Cargo Direct. It is a technology company aimed at improving international e-commerce and logistics processes. Meanwhile, HEX is a smart contract on Ethereum, paying out interest to any user who is placing their token. It is promoted by cryptocurrency influencer Richard Heart.
Bitcoin SV News
In a recent Twitter thread, conservative commentator Mike Cernovich said that Bitcoin SV could be a complete scam or real Bitcoin, something that Satoshi Craig Wright claims he wants you to believe.
Either a scam or the real bitcoin https://t.co/8FEKGsdJAk
— Mike Cernovich (@Cernovich) December 15, 2019
- Bitcoin’s Performance Has Far Surpassed S&P 500 And Gold For Nearly A Decade
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