Happy New Year!--From Tron and Ethereum
Today’s Top Crypto News
Welcome to another issue of Cryptocracy. It’s the end of the year, so everyone is talking about the year. This year and next. But I’d like your opinion on what it takes to build a thriving crypto economy. Weigh in on the discussion here.
It’s Too Late To Get This Tron Bike for Christmas
The boys at GCN Tech built a Tron bike for Christmas. As interesting as that is, TRON is planning to unlock 33 billion TRX on New Year’s Day. But you can’t consume too much egg nog on New Year’s Eve or you’ll miss it. — CRYPTOGLOBE
Even Late Sleepers Will Appreciate Ethereum’s Hard Fork
Ethereum is planning to release its Istanbul hard fork on New Year’s Day. Either that’s good timing or bad planning. Some analysts are saying Ethereum proved its central ideals are still alive and well in 2019, so 2020 could be a grand confirmation. Meanwhile, AlphaWallet and the Union of European Football Associations are tokenizing tournament tickets on Ethereum. Traders are generally excited about the recent altcoin rally, but they’re really pumped about Ethereum juicing it 4 percent and tapping $130. — BITCOINIST
Image from @Excellion on Twitter.
Apple is Removing the Coinbase App From Its Store
The Coinbase app apparently has some compliance issues that will force its removal from the Apple App Store. — ECONOTIMES
Bahamas Launches a Digital Currency
The next time you vacation in the Bahamas, you could pay for your babymoon with crypto. That’s because the Central Bank of the Bahamas has introduced a digital Bahamian dollar. They’re calling it the “sand dollar.” The Bahamas aren’t the first vacation island hotspot to issue a cryptocurrency. The Marshall Islands made their announcement last year. The Virgin Islands is also getting in on the act. — CARIBBEAN NATIONAL WEEKLY
Image from Coin Rivet.
Today’s Bitcoin Chart
Today’s Top Crypto Reads
Dive into these awesome reads today.
Top Crypto Battles of 2019
2019 was an interesting year. There was a lot of anticipation about a bull market that didn’t happen, then there were the feuds. Craig Wright claimed to be Satoshi Nakamoto, creator of Bitcoin, and that got the rabble roused up. DigiByte founder Jared Tate went after TRON’s Justin Sun and Poloniex, which caused a spokesman for the exchange to threaten to delist DigiByte. It never happened. And one notable Bitcoin critic was outed as a proud owner of Bitcoin, by none other than the man known as Pomp. There’s plenty more. — BE IN CRYPTO
Meme from Be In Crypto.
China’s Digital Currency Could Change Banking
Just about everyone knows China is preparing a digital yuan. That’s not really news. But this prognosticator is predicting it will transform banking in several ways. Backed by China’s central bank, it will be on a private blockchain. Andy Mukherjee says it will likely replace the floating exchange rate system that ended Bretton Woods. One notable way central bank digital currencies could change banking is by making central banks everybody’s lender — BLOOMBERG
Will Bitcoin Rise to $9K Then Collapse?
Forbes looks back at Bitcoin’s 2014 as Coin Telegraph points to the CME gap as evidence of Bitcoin’s rise to $9,000 before plunging to its depths. CME Group, a derivatives marketplace, will be closed, according to its calendar, between Dec. 31, 2019 and Jan. 2, 2020. On the other hand, financial analyst Bob Loukas expects Bitcoin to hit an all-time high next year. — COIN TELEGRAPH
Calendar from CME Group.
How a Euro-Pegged Stablecoin Can Boost Crypto Lending
Decentralized finance has grown 200 percent year over year from last year. Crypto lending has exploded with several notable service providers making it happen. When global debt is at $244 trillion, there is huge opportunity for a decentralized lending approach. With 67 million Europeans, versus 26 million Americans, involved in crypto, this article puts two and two together — COIN TELEGRAPH
Millennials Trust Crypto More Than Berkshire Hathaway
Warren Buffet probably doesn’t care, but Millennials trust crypto more than Buffet’s sage old advice. That’s according to a study conducted by Charles Schwab. Of course, we already know about Millennials and decentralization. What’s interesting about this study is Grayscale, an over-the-counter fund for Bitcoin, registered 119 percent year-to-date profits against Berkshire Hathaway’s 11 percent among Millennial investors. Maybe Buffet cares about that. — NEWS BTC
Image from News BTC.
Allen Taylor is a veteran award-winning journalist and former newspaper editor. He is a freelance writer focused on fintech, including blockchain and crypto projects, and manages crypto blogs through CryptoBloggers. Follow me on Twitter and Steemit.