December 1, 2020

Cryptheory

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Crypto News of The Day (14.1.)| Bitcoin breaks $ 8,500 • CME options outperformed BAKKT in a single day • and more

3 min read
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Here you can find an overview of the most important crypto events in the last 24 hours.

Markets

Bitcoin strengthened to over $ 8,500 overnight and in the morning and is still growing. Growth is attributed to the positive market reaction to the launch of CME options on BTC futures. Most altcoins are also in green numbers and are growing rapidly. The mood in the markets according to Fear & Greed index is for the first time in a long time in the “greed” at 56, ie. FOMO slowly begins to dominate the markets.

You can monitor the current cryptocurrency prices – here.

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Cryptocurrencies

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Cryptoexchanges / Banks

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Blockchain / Technology

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Ethereum awaits the transition to a PoS algorithm to replace the existing PoW

Ethereum, the second most valuable cryptocurrency in the global market, will soon have the biggest upgrade – PoW to PoS. Chromatic Capital CEO Grant Hummer says that if implemented successfully, it will create significant enhancements that will make ETH 2.0 significantly better than the current version. For many years, the Ethereum development community has been trying to implement a second tier solution and has taken a big step aside in the consensual PoS algorithm.

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Visa wants to buy Plaid, the cryptopay fintech unicorn for $ 5.3 billion

Paying giant Visa wants to buy Plaid, a crypto fintech unicorn, for $ 5.3 billion. Visa announced that the acquisition would help it enter into new businesses and strengthen its existing business model. The agreement is expected to be concluded in the next 3-6 months if approved by the regulatory authorities. Plaid helps users link their bank accounts to applications like Venmo PayPal and conveniently share their financial information. Plaid also serves cryptographic firms, including Coinbase and Abra Wallet.

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In a single day, CME outperformed BAKKT options in trading volumes on BTC futures

CME Group began trading on options on BTC futures on Monday and outperformed its rival, Bakkt, in a single day. According to the spokesperson, the CME Group concluded 55 contracts worth approximately 275 bitcoins or $ 2.1 million. Since its launch on December 9, Bakkt has traded little more than $ 1 million in BTC since its launch.

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PewDiePie, youtuber with over 100 million subscribers, is considering moving from YouTube to DLive blockchain platform

The biggest independent creator on YouTube, Felix Kjellberg, known as PewDiePie, welcomes the news that DLive’s streaming video platform, based on blockchain, joins Tron and BitTorrent (BTT). In a new video, Kjellberg tells his 102 million subscribers that BitTorrent is “the world’s largest decentralized peer to peer file sharing network using Tron (TRX).” PewDiePie also says that BitTorrent has more than 100 million users and believes DLive, because it has the task of rewarding both creators and viewers on the platform. “One of the reasons I joined DLive is that their mission is not to receive any streamers’ earnings, so they support streamers in a huge way …”

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OneGold gold purchase platform has announced a partnership with bitPay

OneGold users can now buy and sell precious metals such as gold and silver, even for cryptocurrencies. Using BitPay, the company integrated crypto currency payments into its mobile app and website. They accept payments in BTC, ETH, BCH and several stable coins. This app is available for Android and iOS users. However, BitPay customers who choose to use OneGold on their website will save 2%.

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