Tencent’s digital currency research group
CoinMarketCap Daily
Newsletter “Our plans never turn out as tasty as reality.” - Ram Dass In
today's newsletter, we will be covering: Chinese internet giant
Tencent planning to create a digital currency
research group A PBoC official claiming that the digital yuan
would not need currency reserves to support its value Bakkt's 2 new
appointments as former CEO leaves for U.S. Senate Also, just a reminder
that the daily newsletter will continue after Christmas! Merry Christmas,
CoinMarketCap family!
Total Market Cap: ~$194.5 billion (~2.3%) BTC Price:
~$7,380 (~2.6%) 24-Hour Volume: ~$80.6 billion (~4.1%) BTC Dominance: ~68.8%
(~0.3%) Notable movers: VeChain (VET) (~11.2%), Bytecoin (BCN) (~44.9%) BTC is
currently trading at ~$7,380, down ~5.3% over the past 24 hours. BTC
recently contested its 100-day EMA line (4th attempt since it broke below
it early November this year) and broke through it! RSI is at ~52. On the weekly
chart, BTC held its 100-EMA line, a level it has been battling to hold for the
past month. BTC is still trading within its lower highs and lower lows
trading pattern/ channel/ zone it has been trading within since
late June this year. It is currently testing the lower bound.
How much do you
agree with this statement: "Crypto trading is confusing to me" Why or why
not? Share with me in the polls! Creating a new digital currency
research team
Operator of Chinese social media application WeChat,
Tencent, could be deliberating the set up of a digital
currency research group for blockchain technology research.
According to Chinese media outlet, iFeng, the company recently released a
statement to its employees stating that it is looking out for the new head of
the research group. The group will purportedly use blockchain technology to
advance Tencent further in the digital payment industry. The leader of
the People's Bank of China (PBoC)'s digital currency research
subsidiary, Changchun Mu, recently said that China's cryptocurrency would
be "distinct from other forms of cryptocurrencies, including Libra." He
explained that the digital yuan currency will be used to spend and not to
speculate with, and thus will not have the characteristics of Bitcoin's (BTC)
speculation, nor will it need a currency basket to maintain a stable value.
He also said that the PBoC's engineers had "nearly finished" the digital
yuan's developmental roadmap, and would soon start gradually issuing the digital
yuan via its commercial partners like Tencent and Ant Financial. Former PayPal
and Google veteran Mike Blandina has been selected as the new CEO of leading
cryptocurrency trading platform Bakkt, effective as of 20 Dec.
Bakkt has also appointed a former executive at leading U.S.
cryptocurrency exchange Coinbase, Adam White, to be its new
President. The new appointments came after founding CEO Kelly Loeffler was
appointed to a U.S. Senate seat.
Blandina will continue charting Bakkt's
strategic direction, payment products and markets, and regulatory issues, while
White will focus on digital asset markets, trading and custody.
Cryptocurrency exchange Coinbase intends to focus only on its in-house
developed Coinbase Earn, and shut down cryptocurrency learning platform
Earn.com.
Thomson Reuters has partnered with Verady to create a new
cryptocurrency tax tool, the Thomson Reuters GoSystem Tax RS, giving accounting
professionals necessary correct data to reconcile cryptocurrency transactions.
Crypto exchange Poloniex unveiled a new account tier, Level 1, that allows
access to spot trading, unlimited deposits and up to $10,000 in daily
withdrawals without Know Your Client (KYC) onboarding.
It’s been some time
since Titan presented their vision for tokenizing hashpower at
CoinMarketCap’s inaugural conference. The rationale was a powerful one:
Hashpower is critical to securing PoW chains — and those chains stand to become
the security root of the future Internet. Given the primacy of that PoW networks
are likely to have, we deserve an Internet where the hashpower that
secures it offers the following: TBA - Justin Sun's lunch with Warren Buffett
"On a scale of 1-10 (10 being most likely), how likely is Satoshi Nakamoto still
alive today?" The average vote was 8.1. 54.8% of y'all voted a '10'! I
personally think he's alive too. Merry Christmas! Unsubscribe - Unsubscribe
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CoinMarketCap Daily
Newsletter “Our plans never turn out as tasty as reality.” - Ram Dass In
today's newsletter, we will be covering: Chinese internet giant
Tencent planning to create a digital currency
research group A PBoC official claiming that the digital yuan
would not need currency reserves to support its value Bakkt's 2 new
appointments as former CEO leaves for U.S. Senate Also, just a reminder
that the daily newsletter will continue after Christmas! Merry Christmas,
CoinMarketCap family!
Total Market Cap: ~$194.5 billion (~2.3%) BTC Price:~$7,380 (~2.6%) 24-Hour Volume: ~$80.6 billion (~4.1%) BTC Dominance: ~68.8%
(~0.3%) Notable movers: VeChain (VET) (~11.2%), Bytecoin (BCN) (~44.9%) BTC is
currently trading at ~$7,380, down ~5.3% over the past 24 hours. BTC
recently contested its 100-day EMA line (4th attempt since it broke below
it early November this year) and broke through it! RSI is at ~52. On the weekly
chart, BTC held its 100-EMA line, a level it has been battling to hold for the
past month. BTC is still trading within its lower highs and lower lows
trading pattern/ channel/ zone it has been trading within since
late June this year. It is currently testing the lower bound.
How much do youagree with this statement: "Crypto trading is confusing to me" Why or why
not? Share with me in the polls! Creating a new digital currency
research team
Operator of Chinese social media application WeChat,Tencent, could be deliberating the set up of a digital
currency research group for blockchain technology research.
According to Chinese media outlet, iFeng, the company recently released a
statement to its employees stating that it is looking out for the new head of
the research group.
The group will purportedly use blockchain technology toadvance Tencent further in the digital payment industry. The leader of
the People's Bank of China (PBoC)'s digital currency research
subsidiary, Changchun Mu, recently said that China's cryptocurrency would
be "distinct from other forms of cryptocurrencies, including Libra." He
explained that the digital yuan currency will be used to spend and not to
speculate with, and thus will not have the characteristics of Bitcoin's (BTC)
speculation, nor will it need a currency basket to maintain a stable value.
He also said that the PBoC's engineers had "nearly finished" the digital
yuan's developmental roadmap, and would soon start gradually issuing the digital
yuan via its commercial partners like Tencent and Ant Financial. Former PayPal
and Google veteran Mike Blandina has been selected as the new CEO of leading
cryptocurrency trading platform Bakkt, effective as of 20 Dec.
Bakkt has also appointed a former executive at leading U.S.
cryptocurrency exchange Coinbase, Adam White, to be its new
President. The new appointments came after founding CEO Kelly Loeffler was
appointed to a U.S. Senate seat.
Blandina will continue charting Bakkt'sstrategic direction, payment products and markets, and regulatory issues, while
White will focus on digital asset markets, trading and custody.
Cryptocurrency exchange Coinbase intends to focus only on its in-house
developed Coinbase Earn, and shut down cryptocurrency learning platform
Earn.com.
Thomson Reuters has partnered with Verady to create a newcryptocurrency tax tool, the Thomson Reuters GoSystem Tax RS, giving accounting
professionals necessary correct data to reconcile cryptocurrency transactions.
Crypto exchange Poloniex unveiled a new account tier, Level 1, that allows
access to spot trading, unlimited deposits and up to $10,000 in daily
withdrawals without Know Your Client (KYC) onboarding.
It’s been some timesince Titan presented their vision for tokenizing hashpower at
CoinMarketCap’s inaugural conference. The rationale was a powerful one:
Hashpower is critical to securing PoW chains — and those chains stand to become
the security root of the future Internet. Given the primacy of that PoW networks
are likely to have, we deserve an Internet where the hashpower that
secures it offers the following: TBA - Justin Sun's lunch with Warren Buffett
"On a scale of 1-10 (10 being most likely), how likely is Satoshi Nakamoto still
alive today?" The average vote was 8.1. 54.8% of y'all voted a '10'! I
personally think he's alive too. Merry Christmas!
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