One Stop Cryptocurrency NewsCast For Today ?

📮 26-11-2019

📈 MarketCap:                  $198 B

📊 24h Mcap %:                  5.66%

⚠️ Bitcoin Dom:                 65.6%

📌 Active Coins:                2,508

📍 24h Vol %:                  11.88%

💲 24h Vol:                     $71 B

1.  Asian nations are wasting no time in preparing their economies for a future that involves crypto assets. Thailand’s Securities and Exchange Commission plans to amend its digital asset business regulations next year. The overall aim is to facilitate the growth of crypto assets while protecting investors from unnecessary risk. Secretary-general of the SEC, Ruenvadee Suwanmongkol, stated that they wish to study existing regulations for any stumbling blocks that may hinder digital asset businesses within the kingdom.

2 .  A founding partner at Adamant Capital Tuur Demeester suggests a new reason for recent price dump.The trigger for the BTC price decline that has thrown the coin below $7,000 that the crypto expert from Adamant Capital has suggested is that investors (big ones, obviously) are selling their BTC stack to decrease their upcoming tax payments. As per Tuur Demeester’s theory, they are selling now, planning to buy much cheaper later on and get back into Bitcoin.

3.  The first deputy governor, Denis Beau of the French central bank Banque de France has called for distributed ledger technology (DLT)-based settlements and payment systems in Europe. He suggested that the implementation of blockchain-based solutions could have an impact on the financial industry, stating: “The tokenisation of financial assets combined with the recourse to blockchain-based solutions and more broadly Distributed Ledger Technologies to store and transfer those assets could help answering market’s demands.”

4.  The number of Ether (ETH) locked in decentralized finance (DeFi) applications reached an all-time high of 2.7 million. According to DeFi monitoring resource DeFiPulse, and has been steadily growing since the end of June. Of the 2.7 million ETH locked, 2.1 million (77%) are locked in the system behind the DAI stablecoin, Maker. Additionally, 337,800 ETH (12.5%) are currently locked in the decentralized lending application Compound. The remaining Ether is split between minor DeFi applications.

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6.  John Bollinger, the creator of the Bollinger Bands indicator, says that it's "turkey week-bottom" for the crypto prices. The trading legend also points out that the setup "is looking good" for the crypto market. Bollinger was spot on with his head-fake prediction that came to fruition on Oct. 25, Bitcoin's third-best day in its entire history. Bitcoin is sitting at $7,244, up by more than 10 percent since plunging below the $6,500 price level earlier today.

7.  Bitcoin follows the lead of Facebook, YouTube, Telegram, and other western tech juggernauts that are banned in China. Blockstream CEO Adam Back seems to be unfazed by China doubling down its crackdown on Bitcoin. The veteran cypherpunk states Facebook, Telegram, Twitter, Google and other major internet companies are banned in the communist state. Hence, the Bitcoin ban in china could serve as a success metric for the top cryptocurrency since China recognized its disruptive potential.

8.  U.K. based remittance firm TransferGo is planning to move to Ripple’s payments solution On-Demand Liquidity (ODL) that leverages XRP, the world’s third-largest cryptocurrency. TransferGo currently uses the RippleNet solution. The firm’s co-founder and CEO Daumantas Dvilinskas said by 2020 “even a few minutes will be too slow” and that’s why the plan is of using ODL. “We’re helping people save up to 90% on traditional fees for cross-border transfers,” said Dvilinskas.

9.  Bitcoin (BTC) returning to $10,000 next month may feel unlikely, but should not surprise anyone, says the creator of one of its most accurate price models. PlanB, the Twitter analyst known for his Stock-to-Flow Bitcoin price charts, suggested BTC/USD could easily retake five figures before 2020. "Call me crazy, but it wouldn't surprise me if BTC closes 2019 at $10k+ .. opportunities like this (#bitcoin below S2F model value, 6 months before the halving) are rare,” he wrote.

10.  Bitcoin is enjoying more mainstream popularity than ever in terms of Google searches, continuing a trend that sees interest closely tied to price volatility. Currently, “Bitcoin” is at its highest search ranking since late October. Geographically, interest appears to be coming from Africa, with Nigeria, South Africa and Ghana forming the top three sources. Austria and Switzerland complete the top five. The term “Bitcoin halving” is likewise in the spotlight once again since its October highs.

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