🗞 Daily Crypto News & Video October, 13th💰

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

Enjoy!

Daily Crypto Video incoming later today, here is yesterday's ! 😉

🗞 Market Wrap: Bitcoin Bumps Close to $11.6K; Ether Options Open Interest Dips

Bitcoin bounced close to $11,600 before retreating a bit while ether options traders are less active than they were in September.

Bitcoin (BTC) trading around $11,552 as of 20:00 UTC (4 p.m. ET). Gaining 1.7% over the previous 24 hours.

Bitcoin’s 24-hour range: $11,186-$11,598

BTC is above its 10-day and 50-day moving averages, a bullish signal for market technicians.

Indeed, since Sept. 25, the U.S. Dollar Index, a measure of a basket of fiat currencies versus the greenback, has been flat, in the red 0.01% Monday at press time.

Ether options open interest lower in October

In the options market, after a record September for open interest on derivatives venue Deribit, October’s volume is much lower. In the first 10 days of September, ether options open interest averaged $425 million. For the first 10 days of October, that average was down 18% to $346 million.

🗞 Bitcoin decouples from legacy markets as ‘breathtaking’ rally predicted

Kraken has identified a decreasing correlation between Bitcoin and the legacy financial markets.

A report published by major U.S.-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuin to weaken.

Kraken’s September volatility report found Bitcoin (BTC) largely maintaining a negative correlation with the U.S. Dollar Index (DXY) since May, despite a brief coalescence between the two markets in early September.

Bitcoin’s correlation with gold has remained positive since mid-July, with both markets experiencing bearish pressure over recent weeks.

🗞 Ethereum 2.0 Around the Corner After Successful Zinken Trial

The client teams will use the testnet results to make “final preparations for a mainnet launch,” says Ethereum researcher Danny Ryan.

In brief

The Zinken testnet launch today was a success.

The testnet aims to try out genesis for the Ethereum 2.0 blockchain.

Zinken follows an unsuccessful trial of the Spadina testnet.

Today’s launch of the Zinken testnet went smoothly, Danny Ryan, the Ethereum Foundation research leading testnet efforts for Ethereum 2.0, told Decrypt.

Zinken is the last scheduled “dress rehearsal” for testing Eth2 genesis—the creation of the first block in the new chain—before the proof-of-stake network can go live. It follows a previous testnet, Spadina, which failed to launch as planned on September 29 due to low user participation and minor client errors.

Like Spadina, the Zinken testnet is concerned with getting genesis right. For the Ethereum 2.0 blockchain to launch, the network needs to first have over 16,000 validators—users running the software—and 500,000 ETH deposited. Those numbers were reduced for the Spadina and Zinken testnets for practical reasons.

🗞 IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules

International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies.

The Group of Twenty (G20) — an organization of finance ministers and central bank governors representing the European Union and 19 countries across every continent — said in a report today that it is working with the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) to formalize the use of central bank digital currencies (CBDC) in banking systems.

According to the report, by the end of 2022, the G20 members, the IMF, the World Bank and the BIS will have completed regulatory stablecoin frameworks and research and selection of CBDC designs, technologies and experiments.

🗞 Coinbase Wallet Users Can Now Purchase Crypto Inside the App

For Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier.

On Monday afternoon, the company announced Coinbase Wallet users would now have a fiat on-ramp within the wallet itself.

Previously, users holding their crypto in the self-custodial wallet would have to buy crypto on the Coinbase app (or elsewhere) and then send funds to Coinbase Wallet. This meant people trying to use, say, a DeFi protocol would have to install two separate apps to get started.

🗞 Daily Crypto Calendar, October, 13th💰

Yearn Finance Protocol (YFP)

"Introducing YFPI LaunchPool"

Unicrypt (UNC)

"Within 3 days of the swap we will be launching our all-inclusive #yieldfarming dapp with some exciting new features for other tokens."

UMA (UMA)

"UMA GETS LISTED ON ATOMARS UMA trading will be effective on October 13, 2020. The following pair will be supported: UMA/BTC, UMA/USDT."

Kava.io (KAVA)

"Join us Oct 13th at 14:30UTC for a Kava 4 Gateway Launch AMA!"

Cosmos (ATOM)

"On Oct 13th at 12 pm PDT come join @chjango on an AMA about Cosmos with @BinanceAfrica ."

Voyager Token (VGX)

"Get a deep dive on the economy, crypto market, and new updates for @investvoyager. Tune in live right here on our Twitter, next Tuesday..."

OWL (OWL)

"$OWL is happy to announce the StealthPay app & StealthSwap protocol will be released 10/13."

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