Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis.
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🗞 Market Wrap: Bitcoin Surges on Square News to $10.9K; December Ether Options Pile Up
Bitcoin is flashing green as Square converts some of its cash to crypto while ether options traders are making lots of bets for December expiration.
- Bitcoin (BTC) trading around $10,890 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.
- Bitcoin’s 24-hour range: $10,532-$10,962
- BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.
If indeed these investments are a bet against fiat, the U.S. Dollar Index (DXY), a measure of the greenback versus a mix of other currencies, is one metric to watch. Though it has picked up since a late-August low, it’s still in the relative doldrums for 2020 and was flat, in the red 0.02% as of press time Thursday.
Lots of ether options for December expiration
Ether options traders are heavily betting on the asset’s price at the end of the year. Over 473,500 ETH in open interest is set for expiration on Dec. 25, which is approximately $166,023,00 worth of options at Thursday’s spot prices.
🗞 US Attorney General Lays Out Plan to Crack Down on Crypto
- Attorney General William Barr today announced the release of a report, “Cryptocurrency Enforcement Framework.”
- The report examines the perceived dangers of cryptocurrencies—mainly that they can be used by criminals.
- But it adds that such assets are “vitally important” to the US and its allies.
Attorney General William Barr announced the release of his office’s “Cryptocurrency Enforcement Framework” —which provides an overview of the “threats and enforcement challenges” related to increasing crypto adoption and how the Department of Justice can deal with them.
The 83-page document lays out the perceived dangers of cryptocurrencies—mainly that they are being used by criminals, according to the DOJ.
🗞 YFI’s Andre Cronje disappeared after 'death threats'. Will 'love' bring him back?
Yearn Finance (YFI) developer Andre Cronje has dropped out of public view after reportedly receiving 'death threats' from the decentralized finance (DeFi) community and becoming ‘demoralized’.
Cronje said he had received a variety of threats after investors raced into his unfinished and unreleased protocol, Eminence (EMN), which was then exploited and drained of $15 million in late September. The incident transpired while Cronje was sleeping, and he woke up to discover that half of the funds had mysteriously been sent to him by the hacker.
Cronje has not been active on social media since September 29, when he published his roadmap for refunding Eminence investors the $8 million. He noted criticism of the "public nature of this Twitter account and the public nature of my ETH address."
🗞 Ripple Enters Lending With XRP Credit Lines to Fund Global Payments
Ripple, the payments startup with a multibillion-dollar valuation, an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into the lending business.
On Friday, the Silicon Valley-based fintech unveiled its Line of Credit for customers using its On-Demand Liquidity (ODL) service, per a company blog post.
"This is our first time testing a product offering in the lending space," a company spokesperson confirmed to CoinDesk. "We may decide to build out a more robust offering in the future."
According to Ripple, the credit line will enable small-to-medium enterprises to expand their business where they would otherwise face "stalled growth," inhibiting their ability to compete with larger companies.
🗞 5% of Coinbase Employees Take Severance Offer Over ‘Apolitical’ Stance
Coinbase has lost 60 people from its 1,200-person staff after an updated mission statement from CEO Brian Armstrong sparked fierce debate over how companies should respond to today’s charged politics.
In a companywide memo obtained by CoinDesk, Armstrong informed employees that 5% of the company’s workforce had accepted the severance package offered last week. The deadline for employees to signal their interest in the package was Wednesday, and Armstrong said he expects the number to be higher after a “handful of other conversations” are completed.
🗞 Daily Crypto Calendar, October, 9th💰
- Veros (VRS)
"The Creation of exchange pool VRS on SushiSwap. October 9,2020"
- Perlin (PERL)
"The hourly snapshot will be taken from the 9th of October to 15th of October."
- Waltonchain (WTC)
"... The next miner payout will be on Friday, October 9, 2020."
- Equilibria (XEQ)
"Trading opens at: 2020-10-09 09:00 AM UTC"
- PIVX (PIVX), Sentinel (SENT)
"Join the $PIVX alliance #AMA voice chat at discord.pivx.org on 10/09/2020, 12:00 pm EST, to discuss what a #SENT & #PIVX..."
- Ultra (UOS)
"The UOS liquidity rewards program will commence on Friday 9th October. 450 000 UOS will be distributed as a reward to liquidity..."
- Zyro (ZYRO)
"#MXC_Exchange will list @zyro_finance and open trading for $ZYRO/USDT... Trading: 14:00 (UTC+8), Oct 9"
Last Updates
- 🗞 Daily Crypto News & Video, October, 8th💰
- 🗞 Daily Crypto News & Video, October, 7th💰
- 🗞 Daily Crypto News & Video, October, 6th💰
- 🗞 Daily Crypto News & Video, October, 5th💰
- 🗞 Daily Crypto News & Video, October, 4th💰
- 🗞 Daily Crypto News & Video, October, 3rd💰
- 🗞 Daily Crypto News & Video, October, 2nd💰
- 🗞 Daily Crypto News & Video, October, 1st💰
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