Analyst Expects Altcoins to Suffer With Launch of Bitcoin Options: Here’s Why

At long last, the CME — one of the first regulated institutions to offer Bitcoin futures — will be launching options for its BTC futures contracts. The launch will be taking place on January 13th (today, as of the time of publishing this). Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not a Security Due to the fact that the CME has been one of the most influential companies on this nascent market over the past few years, analysts have already begun speculating on what effect…

Block.One Released Major EOS.io Blockchain Software Update EOS.io 2.0

Blockchain software development firm Block.One released EOS.io 2.0, the software underlying the EOS blockchain. In the release announcement published on Twitter on Jan. 10, Block.One claimed that the update makes the blockchain “faster, simpler, and even more secure.” Major changes to the smart contract virtual machine The official blog post on new software explains that it includes a purpose-built WebAssembly (WASM) engine on which the EOS smart contracts run. According to its official website, WASM is an instruction format designed for deployment on the web and servers. This change is…

Bitcoin Breakout Hopes, Telegram Trial, Binance Donation: Hodler’s Digest, Jan. 6–12

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin on the verge of breaking seven-month downtrend It’s been another tumultuous week for the world’s biggest cryptocurrency, which is on the verge of breaking out of a long-running downtrend. Although BTC rallied to $8,400 a few days ago — which is the next resistance…

Bitcoin Trading Volumes More than Doubled in a Week Says Report

A report published on Jan. 9 by cryptocurrency market research firm Arcane Research, Bitcoin (BTC) trading volumes more than doubled in a week. Per the report, the 7-day average daily trading volume has seen a 126% increase in a week at the start of 2020, with almost $1.5 billion traded just on Jan. 8. The report reads: “The market recovered sharply from the disappointing $192 million that were traded on Jan. 1.” Crypto market “certainly getting more bullish” The researchers also note that the Crypto Fear & Greed Index shown…

Litecoin Prepares Retracement before Continuing Bullish Trend

A technical indicator estimates that Litecoin could be bound for a correction.  Litecoin Technical Analysis The recent rally that has pushed Litecoin’s price up nearly 33 percent since Jan. 3 may soon find an exhaustion point. Based on the TD sequential indicator, a retracement may be underway.  This technical index is currently presenting a sell signal in the form of a green nine on LTC’s 1-day chart. Such a bearish formation estimates that this cryptocurrency could pull back for one to four candlesticks before continuing its bullish trend.  LTC/USD by…

Bitcoin Price $4K by April? One Big Reason to Not Be Bullish Just Yet

Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now. Even I saw some bullish momentum as outlined in last week’s analysis, but have we seen the bottom yet? Or is there more downside to come before we resume a bull trend? Daily crypto market performance. Source: Coin360.com The monthly MACD is bearish BTC USD monthly chart. Source: TradingView Working backward through various time frames, a look at the Moving…

JPMorgan Report Shows Bitcoin Institutional Demand is Rising, And It’s Crucial

According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high. Institutional demand for bitcoin is critical in long-term The cryptocurrency market has grown throughout the majority of the past eleven years with the absence of institutions. The 2017 bull market was primarily fueled by retail investors in key markets like the U.S., South Korea, and Japan. It wasn’t until 2019, following the…

Princeton Researchers Say SIM Swapping Is a Major Problem

Researchers at Princeton University have demonstrated that five major phone carriers are highly vulnerable to SIM swapping attacks. The team revealed the results of their experiment in a draft paper published Jan. 10. They also surveyed over 150 websites and determined whether user accounts could be accessed through such an attack. Phone Carriers Are Not Secure SIM swapping is “low-tech but devastating,” according to Arvind Narayana, an author on the paper. As Narayana explains, attackers can contact a phone carrier, impersonate their victim, and transfer the victim’s service to their…

Gaming Tops dApp Use in 2019, but DeFi Generated More Value

According to DappRadar’s 2019 Industry Review, Ethereum’s most popular applications all came from the world of gaming. At the same time, so-called “Ethereum Killers,” like Tron and EOS, struggled to compete.  Leader in the Ecosystem Etheruem’s DeFi break out has been one of the hottest trends in crypto. But as more data from 2019 begins to roll in, the evidence suggests users may be more active elsewhere. Compared to competing smart contract platforms, DappRader reported broad user activity within the DeFi, Exchanges, Gambling, and Gaming sectors on the Ethereum blockchain.…