Crypto News of the Day (13.1.)|Bloomberg: Bitcoin shoots up in 2020 • Today, BTC futures on CME • and more
3 min readTable of Contents
Here you can find an overview of the most important crypto events in the last 24 hours.
Markets
Over the weekend, the BTC’s $ 8,000 threshold has been broken again, with the current price above $ 8,150 and rising slightly. According to analysts, the influx of investors reflects an uncertain political-economic international situation, which, although somewhat calmed down from the sharp state of last week, is still very tense. Altcoins move rather horizontally. The Fear & Greed index is now in a neutral position of 49.
You can monitor the current cryptocurrency prices – here.
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Cryptocurrencies
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Regulation
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Blockchain/Technology
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Bloomberg: Bitcoin will shoot up in 2020
Bloomberg analysts said Bitcoin, which has a reputation as a reliable store of value, is likely to fire up in 2020 due to limited supply and ever-expanding acceptance. However, competition between Bitcoin and other cryptocurrencies will persist, but rather encourages progress and innovation, as many believe. Bloomberg analysts believe that Bitocin is likely to reach a peak of $ 14,000 in 2020. We have already witnessed one rally, with a 23% increase in value following the escalation of the geopolitical conflict between the US and Iran.
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BTC futures trading on CME will be launched today
Chicago Mercantile Exchange (CME) will present bitcoin futures options today. This is due to increased interest in cryptocurrencies. In addition, JP Morgan analysts believe that there is a high expectation among institutional investors about the latest CME product. The largest cryptocurrency has been quite volatile since the beginning of 2020. Historically, it has shown reactions every time similar products are marketed. For example, just a day after the Bitcoin futures trading platform from Bakkt was launched, the BTC price dropped by more than $ 1,500 in a matter of hours.
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Ethereum Classic successfully finished Agartha hard fork yesterday
Ethereum Classic successfully completed the Agartha hard fork, at block 9,573,000, according to a report from etcnodes.org. Agharta should ensure greater interoperability of the Ethereum Classic cryptocurrency with its sister blockchain Ethereum. The hard fork also featured improvements known as Constantinople and St. St. Petersburg, which were already integrated into Ethereum network last year.
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Deribit, the European cryptoexchange, is moving due to EU regulatory rules
EU-based Deribit cryptoexchange announced that it is moving to Panama because of the introduction of new anti-money laundering regulations in the European Union, which will take full effect on 10 January. The new, stricter rules that come into play are likely to push out other European trading platforms. Deribit said in a blog post that this step was necessary to allow its customers to continue to enjoy “readily available trading”. Since January 10, it operates the platform of DRB Panama Inc., a new subsidiary of the dutch company Deribit BV.
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PricewaterhouseCoopers Switzerland takes over ChainSecurity to audit smart contracts
Audit firm PricewaterhouseCoopers (PwC) Switzerland, one of the four largest global companies in the industry, has taken over ChainSecurity, a firm focused on auditing smart contracts. As for the acquisition of everything but the name, seven experts will join the company to ensure PwC Switzerland’s ability to audit smart contracts.
