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🗞 Daily Crypto News & Video, December, 16th💰

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Written by   193
7 months ago
Topics: Blockchain, Defi, ETH, News, Altcoins, ...

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

No video today and Happy Bitcoin ALL TIME HIGH to you all.

Below is yesterday's video.

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🗞 Bitcoin Price Smashes Through $20,000 as Bull Run Gets Underway

  • The price of Bitcoin has gone above $20,000 for the first time ever.

  • Bitcoin recently hit an all-time high price of $19,783.

  • Within a month of Bitcoin's December 2017 bull run, BTC's value dropped 50%—might that happen again?

Bitcoin’s price has broken the $20,000 barrier, doing so less than a month after recording a new all-time high of $19,850. Its price just rose up to $20,100 in a sudden surge.

It has been an eventful few months for Bitcoin. After embarking on a bull run starting this September—which saw the cryptocurrency’s price increase from about $10,000 to $19,000—Bitcoin crashed during the US Thanksgiving Day weekend, dropping to the $16,351 mark. On November 30, Bitcoin finally broke its all-time high.

At the time of writing, Bitcoin’s price is $20,000, according to data from Messari. That marks a 3% increase in the last 24 hours, as well as a 28% increase from $16,351, the lowest point of Bitcoin’s recent price correction.

There are multiple reasons for Bitcoin’s recent success, including mainstream investment from institutions like MicroStrategy. But, according to Changpeng Zhao, CEO of Binance, there is more to it than big-name investors.

🗞 Bitcoin Mining Stocks Soar as BTC Blows Past $20K

Share prices for publicly traded bitcoin mining companies are soaring as the leading cryptocurrency sliced through the highly anticipated $20,000 mark Wednesday morning.

  • Riot Blockchain (RIOT), Marathon Patent Group (MARA) and Hive Blockchain (HIVE) all show double-digit percentage gains since the daily open at last check. Hive is up 25% on the day.

  • All three companies are now individually worth over $450 million.

  • Toronto-based Hut 8 (HUT) mining gained nearly 9% since the trading started Wednesday. The company currently is worth $168 million.

🗞 Ethereum address creation hits 35-month high: Did XRP provide the Spark?

Ethereum address creation hit a 35-month high on December 14 when 177,000 new addresses were added to the network according to analysts from Santiment.

The analytics provider reported that its network growth metric showed Ethereum adding 177,500 addresses in a single-day on Saturday, Dec. 12.

🗞 CME Announces Ether Futures Contracts

The Chicago Mercantile Exchange (CME) announced Wednesday it will launch a futures contract on ether, the world’s second-largest cryptocurrency by market value, in February 2021.

  • Ether (ETH, +6.37%) futures will be listed on Feb. 8, more than three years after bitcoin (BTC, +6.57%) futures went live.

  • Each contract will have 50 units of ether and the derivative product will be open to trade between 5:00 p.m. to 4:00 p.m CT from Sunday to Friday, according to the official announcement.

  • The new contracts will use the CME CF ether-dollar reference ate from CF Benchmarks, the FCA-approved crypto indices provider.

🗞 Daily Crypto Calendar, December, 16th💰

  • Leverj Gluon (L2)

"Hey guys! We are having a Kakao Talk AMA with @ProBit_Exchange | Dec 16, 2020 (Wednesday), 15:00 KST"

  • UMA (UMA)

"Tomorrow, UMA governance will consider three new price IDs and a DVM upgrade. The price ID proposals include: - Total TVL..."

  • PIVX (PIVX)

"We are excited to announce that $PIVX is now listed on @WhiteBit6 with another big PIVX/USDT trading pair..."

  • Edgeware (EDG)

"The Dec All-Community Call is tomorrow! Dec 16th 7pm GMT - 2pm EST"

  • LGCY Network (LGCY)

"The snapshot of the $LGCY price to determine the payout amount in $USDL for Gold prestaking will be done at 1:00AM PST - 12/16/20."

  • Aave (AAVE)

"Withdraw/ Trade (AAVE/USDT): 16:16 December 17, 2020 (UTC+8)"

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Written by   193
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