New blockchain index in China

Publikováno: 26.12.2019

CoinMarketCap Daily Newsletter Your daily newsletter for 26 December, 2019 “A happy family is but an earlier heaven.” - George Bernard Shaw In today's newsletter, we will be covering: Buterin wanting to speed up the Ethereum 2.0 transition with ETH1-friendly validators […]

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Your daily newsletter for 26 December, 2019

“A happy family is but an earlier heaven.”

- George Bernard Shaw

In today's newsletter, we will be covering:

  • Buterin wanting to speed up the Ethereum 2.0 transition with ETH1-friendly validators

  • China's Shenzhen Stock Exchange launching index of 50 blockchain firms

  • American Cancer Society now accepting Bitcoin donations through BitPay

Daily Market Summary - Bearish ????

 

Total Market Cap: ~$191 billion (~1.8%)                     BTC Price: ~$7,260 (~1.6%)

24-Hour Volume: ~$67.6 billion (~16.1%)                   BTC Dominance: ~68.9% (~0.15%)

Notable movers: TomoChain (TOMO) (~20%)

 

 

BTC is currently trading at ~$7,260, down ~1.6% over the past 24 hours. On the daily chart, BTC broke below its 100-day EMA line, and RSI currently stands at ~47 (a level it has maintained for the past 4 days). On the weekly chart, BTC continues to hold 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. ????

Total Market Capitalizations

Poll of the Day

How much do you agree with this statement: "I would like to see more educational content from CoinMarketCap on how to buy/sell/borrow cryptocurrencies"

Why or why not? Share with me in the polls! 😆 

Fast forward ⏩

 

 

Ethereum Co-Founder Vitalik Buterin recently published an alternative proposal for an early shift from Ethereum 1.0 to 2.0, setting out an "accelerated schedule" for the move via a new kind of ETH validator, dubbed "eth1-friendly validators." 

 

 

The new alternative proposal will need less "rearchitecting" in the network, specifically needing "stateless clients," but not "stateless miners" nor "webassembly." 

 

 

The proposed shift can be carried out using a similar procedure to the previously described shift, moving Ethereum's current Proof-of-Work consensus algorithm to Proof-of-Stake.

 

 

However, Buterin mentioned that the proposed procedure may cause slightly higher transaction costs. ????

China's blockchain index ????????

 

 

China's Shenzhen's stock exchange, the Shenzhen Stock Exchange (SSE), launched an index that tracks the performance of 50 blockchain companies. 

 

 

The top 50 blockchain-related stocks are ranked based on their average daily market value over a period of the past 6 months, and is updated twice yearly on the 2nd Friday of June and December. ????

 

 

The SSE ensured that the companies part of the index are legitimately using blockchain technology.

Bitcoin-givin????

 
 

A non-profit organization dedicated to funding cancer research, the American Cancer Society (ACS), is now getting "support from a broad cross-section of donors" by accepting Bitcoin (BTC) donations via BitPay. 

 

 

The ACS hopes to bring younger donors onboard through nascent financial technology, allowing them to be "relevant with younger donors and provide frictionless giving opportunities... to meet them where they are." ????

 

 

BitPay CEO explains that charitable organizations "attract new donors without ever having to hold Bitcoin" when accepting BTC donations since BitPay verifies and accepts the funds on the organization's behalf.

 

 

Crypto donations are recognized for tax purposes, working in a similar manner to stock donations

Other news ????

 

  • Cryptocurrency influencers voice out on social media after YouTube started aggressively deleting cryptocurrency-related content from some of the industry's biggest influencers. ????

  • Japanese retail giant Rakuten now allows its customers in Japan who have an account with its cryptocurrency exchange subsidiary, Rakuten Wallet, to convert their loyalty points to 3 major cryptocurrencies. ????

  • The University of California at Santa Barbara (UCSB) has just completed its first accredited course on blockchain and distributed ledger technology. It was created after requests from the nonprofit Blockchain Acceleration Foundation (BAF) and the recognition of the lack of opportunities for UCSB students to learn about the technology. 

Blockchain term of the day ???? - Orphan

 

A valid block on the blockchain that is not part of the main chain. They may come into existence when two miners produce blocks at similar times, or caused by an attacker attempting to reverse transactions. This is sometimes also known as a “detached block”.

Crypto calendar  ????

 

TBA         - Justin Sun's lunch with Warren Buffett

What you said

 

"How much do you agree with this statement: "Crypto trading is confusing to me""

 

The average vote was 5.8. 20.9% of y'all voted a '1', and 27.9% of y'all voted a '10'! 

"Why or why not?"

 

 

 

I'm sure there are already formulas to use for certain " changes" in the market and since we cannot "predict" the future I understand that we must apply those formula's with precision. Where their are numbers their are equation and when their is equations formulas can be applied for certain results ..... I'm not confused I just don't know. – I believe you’re referring to algorithmic trading. Yes, those are already being applied to crypto trading. Sad, but its there. Less opportunities for the everyday retail trader. ????

 

 

Complex market – As with any market. ???? There's prob more opportunities here than traditional markets. 

 

 

It is really quite simple if you take the time to learn and I am 76 years old. – Yuge respect! Keep learning my friend. Never too old. ????

 

 

Have been doing it for a couple of years – You must be a seasoned pro! Make it rain! ????

 

 

I understand the mechanics behind it. I however, I however do get confused by all the charts, longs shorts and leverage. but on flipside, trading isn't really my thing, I care more about accumulating and hodling – That’s probably a better, less stressful strategy. I do the same in the current market as well. ????‍♂️

 

 

trading the smallcaps is too arcane and complex/.... nothing really straightforward to get what one wants.... should be easy to simply buy any coin or token simply using fiat currency or visa card.......... on a universal exchange... – Yup, agreed.

 

 

In all things, take the time to study the concept and its procedures and take care in practise. Do this and you will find that a second wind like sensation takes hold and low and behold you " know ". – I know what you mean. It’s like anything past that ‘realization point’ is just simple. Like everything just clicks. ????

 

 

Lost heaps on it – Try DCA-ing! ????

 

 

I'm George Soros – Lmao same. ????

 

 

 

Although I've been buying cryptocurrencies for two years, and improvements to market websites have been many, we still aren't at a point my mother (an senior and technophobe) could figure them out on her own. Additionally, terminology between different websites is inconsistent for simple services (send/receive vs. withdrawal/deposit and others) make it difficult for newcomers. – You’re right. That bridge still has not been built. ????

 

 

The tax implications are ridiculous, especially if I trade some BTC for a cup of coffee. – It’s rough if you are a U.S. citizen for sure. ????

 

 

Playing with the chart is difficult with no clear results if done frequently. Daily trading difficult for me. Long term works better. – Same here. ✌

 

 

It depends on the depht you want to achieve. It can be really simple if you want. – True.

 
 
 

Picking winners is a crap shoot – Yeah, unless you got some insider info. 

Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! ????

See you again tomorrow!

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The post New blockchain index in China appeared first on CoinMarketCap.

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