🗞 Daily Crypto News, December, 18th💰

Lead Monero Maintainer Riccardo ‘Fluffypony’ Spagni Steps Down ;
Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain ;
The Productization of Bitcoin Maximalism ;
Justin Sun Riles Community With $1 Million Donation to Greta Thunberg ;
Bitcoin Crashes to New 7-Month Low But Bounces Off $6.4K Support ;
🗞 Daily Crypto News, December, 18th 💰
STEEM Trading Update

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

🗞Lead Monero Maintainer Riccardo ‘Fluffypony’ Spagni Steps Down

Privacy-focused altcoin Monero (XMR) will see arguably its best-known advocate step down as the project’s lead maintainer in an upcoming reshuffle.

In a blog post on Dec. 16, representatives confirmed that Riccardo Spagni, known as fluffypony in cryptocurrency circles, will in the future serve as a backup maintainer. His replacement will be fellow developer Snipa.
Spagni moves to backup

"Fluffypony has served the Monero project well over its five years of existence, and he will continue to remain active in the community as a maintainer,” the blog post read. Regarding the choice of Snipa as a replacement, the post added:

“Snipa is a longtime contributor to Monero. He is best known for developing a popular piece of Monero pool software and supporting the network with well-connected nodes. He has substantial coding and auditing experience, and a desire to better Monero's processes.”

🗞Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain

Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering, which valued the company at $1.3 billion.

The stock price has declined in all but four of the first 17 trading sessions since the Hangzhou-based company’s Nov. 21 sale of $90 million of U.S. shares. It's down 35 percent since the start of last week.

Canaan’s performance is being closely monitored in the cryptocurrency industry. It was the first big maker of data-mining computers to sell shares publicly and its valuation serves many investors as a sector bellwether. The shares have tumbled even as the price of bitcoin, the largest cryptocurrency, has been mostly stable over the past month, currently around $6,500.

🗞 The Productization of Bitcoin Maximalism

Topics Discussed:

In China, however, the government is cracking down fiercly on resurgent crypto businesses that have taking President Xi’s positive comments about blockchain as an excuse to operate more openly.

Interestingly, the attitude of many US financial firms seems to be shifting from a version of “blockchain not crypto” to “digital assets not blockchain” as they begin to adapt to demand from customers.

🗞 Justin Sun Riles Community With $1 Million Donation to Greta Thunberg

Tron (TRX) founder Justin Sun has publicly pledged to donate $1 million to efforts by the young Swedish activist Great Thunberg to raise global awareness of the climate crisis.

Responding to the watered-down results of last week’s COP25 UN climate conference in Madrid, Sun tweeted on Dec. 18:

“As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD$1 Mil to @GretaThunberg ’s initiative. #cop25”

🗞 Bitcoin Crashes to New 7-Month Low But Bounces Off $6.4K Support

Bitcoin (BTC) fell below $6,500 on Dec. 18 in what is rapidly becoming a pivotal day for transaction analysis.

Long “squeeze up” could spark big BTC reversal

Data from Coin360 showed the largest cryptocurrency continues to erase its value on Wednesday after losing support at $7,000 as the week began.

At press time, BTC/USD traded at around $6,600 amid considerable volatility, having bounced back after dipping to $6,430 — its lowest level in over seven months.

🗞 Daily Crypto News, December, 18th 💰

Storm (STORM)

"We have a HUGE partnership announcement on December 18th."

Matic Network (MATIC)

"From tomorrow, users can lockup their $MATIC tokens on Coinone to earn an interest rate of 30% APR."

Chainlink (LINK)

"Join our 1st session in the new format Dec. 17th 2019 @ 11:00am EST (4:00pm UTC) on @BlockchainDan Twitter."

Newscrypto (NWC)

Kindly invited to chat with us about NWC and cryptocurrency in general.

Equal (EQL)

Tis the season of giving, and EQUAL will be holding 5 MASSIVE giveaways!

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

So yesterday, we were testing the support line at 0.124$... the correction on the BTC gave the volume to the sellers to break that important support line. We are now going in the direction of another support line around 0.115$. This support is less powerfull than the 0.124$ that we just broke but it could at least slow donw the drop and perhaps even stop it if we are lucky.

Last Updates

You don't want to miss a Crypto news?

Follow me on Twitter or Facebook

Join SteemFollower and get Upvotes back !

Sort:

Trending

[-]

baldryedward (27) 4 years ago

This is really in need!

$0.00

1 vote

vlemon (78) 4 years ago

Indeed, finally someone is trying to address this HUGE issue.

steem-ua (64) 4 years ago

Hi @vlemon!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.820 which ranks you at #1422 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 101 contributions, your post is ranked at #10.

Evaluation of your UA score:

Some people are already following you, keep going!
The readers appreciate your great work!
Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server