1. Cryptocurrency Market Capitalization Remains Stable
On December 15, the crypto market was at risk of dropping below the $100 billion mark in total valuation, but cryptocurrency market capitalization remains stable for now. It would be the the first time since Aug 1, 2017. The market has slightly recovered as its valuation increased from $100 billion to $104 billion. As a result, many traders and cryptocurrency technical analysts remain cautious toward the short-term trend of the asset class.
2. ICOs Have Sold 400k ETH in Past 30 Days
ICOs have sold ◊416,000 eth in the past 30 days, the highest amount within a monthly period since summer. In August they sold just 100,000 eth according to data by Santiment, rising to ◊300,000 in September. Then in November they sold ◊100,000 within a week and now more than ◊400,000 in the past month. Far less than some periods during January-March when ICOs sold ◊630,000 within just one day on the 27th of March 2018.
3. GP Bullhound sees 2019 Bitcoin Recovery
While cryptocurrency market capitalization plummets, predictions from respected corners of the mainstream financial world – GP Bullhound and Saxo Bank – could be good news for the crypto industry and its status as a valid and profitable asset class. US advisory and investment firm, GP Bullhound (GPB), under the subhead “Cryptocurrency will Grow Up”, concurs with the balance of opinion among analysts covering crypto, that institutional money will lead the recovery.
4. Blockchain Technology Importance
CoinFi, a company founded by Timothy Tam, a former Goldman Sachs executive, claims in a new report that blockchain technology is one of the most important and revolutionary to ever arise. Tam made the decision to switch from financial services to statistical arbitrage and algorithmic trading and founded CoinFi over a year ago. He’s been involved in the blockchain technology scene ever since.
5. TRON Reaches 100 Million Transactions
Justin Sun, the chief executive officer of the TRON Foundation, has recently revealed through microblogging platform Twitter that the TRX network has now processed over 100 million transactions. In his tweet, Sun included a link to a TRX block explorer that shows the cryptocurrency has indeed processed said number of transactions. Its high transaction volume likely comes from the decentralized applications (dApps) in its ecosystem.
6. IOTA Partner with Finger Print Sensor Company
NEXT Biometrices announced the cooperation with the IOTA Foundation on its blog. They both want to develop a new identity management system. The project will use IOTA’s Tangle to establish a secure way to capture, store, and access people’s identities. The goal is to integrate fingerprint sensor technology into IOTA’s Open Source protocol.
7. Gold on the Ethereum Blockchain
Digix takes a different approach, tying the value of its DGX token to 1 gram of gold. A small outfit run out of Singapore, Digix Global says that it will redeem tokens for physical bars of gold that they store in their vault. Redemption must take place in person, primarily for security but also due to the high cost of internationally shipping gold safely.
8. Honk Kong Bitcoin Millionaire, Arrested
On Saturday evening, reports arose that a hooded man was spotted around Fuk Wa Street and Sham Shui Po, one of Hong Kong’s most underprivileged neighborhoods. The man, who was revealed to be serial cryptocurrency entrepreneur Wong Ching-kit, purportedly began to throw millions of Hong Kong dollars (HKD) onto the crowd below. Although police reportedly advised the public not to pick up the cash, the allure of no strings attached money overcame the authorities’ cries.
9. What is Howey Test ?
As the SEC has announced its firm stance on the subject via a number of related prosecutions, developers and coin issuers still need to understand how the Howey test works. Furthermore, for the Howey test to fall just right, an investment instrument needs to satisfy all four criteria mentioned earlier. If the instrument fails on any one of the four criteria, it won’t be deemed as security.
10. FAANG Stocks Lose over $1 Trillion in value
Stocks of tech stalwarts like Google, Amazon, and Facebook, collectively knowns as FAANG, have lost over $1 trillion USD in market capitalization from their all-time highs. Moreover, despite a nightmare year for cryptocurrencies, the total cryptocurrency market capitalization is down roughly $700 billion from its $830 billion historic high in January 2017.