One Stop Cryptocurrency NewsCast For Today ?

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1.  Tezos (XTZ) has been enjoying continued success over the past couple of weeks. Despite the broader market downturn, XTZ is one of the few cryptocurrencies that has remained consistently bullish. The coin has now entered the top ten, leaving Stellar (XLM) behind. In the past 24 hours, XTZ has gained 4.49% and a market cap of $1.13 billion as it enters the top ten coin list. XTZ’s daily volume has also increased from around $70 million to $133.9 million. The digital asset is also at 33% gains on the weekly chart.

2.  According to a report by Blockchain Capital, Bitcoin continues to dominate the market over the year and witnessed major highs in the market. The market valuations of BTC were strongly oppressed over the 2nd half of 2019. Bitcoin hash rate recorded its highest spike ever in 2019. The network also witnessed over $1 billion transactions every day. As a matter of fact, of the total 2 trillion transactions executed since 2011, around 1.6 trillion of them were executed over the last 2 years.

3.  Ethereum’s co-founder Vitalik Buterin has stated the Ethereum Foundation (EF) sold 70,000 eth “basically at the top.” Buterin said: “I did get the Ethereum Foundation to sell 70,000 ETH like basically at the top and that’s doubled our runway now, so it was one good decision that had a lot of impacts.” Ethereum reached a high of $1,400 in January 2018. So if they sold around that price then the 70,000 ETH would have been worth $100 million. Buterin himself sold $22 million worth of ETH at the top.

4.  Founder of Morgan Creek Capital Mark Yusko, expressed an opinion regarding the prospects of Bitcoin and what investors should expect to earn on it within the coming decade. Yusko told he believes that BTC will hit $100,000 by 2021 and will rise to $500,000 by 2030. He also mentioned the fact that Bitcoin may help people reach a balance in wealth. Currently, he stated, almost all global wealth is concentrated in the hands of governments and banking elites. They do it by artificially producing inflation but Bitcoin can put an end to that.

5.  Lightning Network [LN], the micropayment protocol that was essentially created to enable instant, low-cost Bitcoin transactions, is all set to make multi-path payments interoperable. Samson Mow, Chief Strategy Officer at Blockstream told Decrypt that tests on the open source initiative to make multi-path payments interoperable were now complete and it’ll soon be ready for use. This will allow payments to be split into smaller chunks so that large amounts of bitcoin can be sent both quickly and cheaply.

6.  Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona. According to the report, Riksbank, Sweden’s central bank, said that it would partner with Irish professional services company Accenture to create a pilot platform for a digital currency dubbed the e-krona. As noted in the report, the Riksbank has been looking closely at whether it should issue a digital currency, as the use of cash has declined sharply in Sweden in recent years.

7.  Owner of popular social media app TikTok has launched a joint venture with a state-owned Chinese media group to develop business models that include blockchain and artificial intelligence (AI). The joint venture was launched in the capital of eastern China’s Shandong province, Jinan, on Dec. 10 with a registered capital of 10 million yuan ($1.43 million). While it’s not yet clear how ByteDance and TikTok could benefit from blockchain technology, one possible use-case could be for digital media data verification.

8.  The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule which requires financial institutions who are sending and/or receiving funds to store and transmit certain information about the transfer. Monero’s Compliance Workgroup notes: "The Funds Travel Rule appears to apply to regulated entities, rather than the underlying assets in which the entities trade."