Wednesday, January 8, 2020

Kelly's conflict?

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January 8, 2019
WHAT CONFLICT? Kelly Loeffler, newly appointed U.S. senator and former Bakkt CEO, will join the committee that oversees the CFTC. The appointment has raised concerns of a conflict of interest, as Loeffler is married to Jeffrey Sprecher, the founder and chief executive of ICE.  Full story

LOW-PROFIT ATTACK: A recent study from Harvard researchers found Tezos is threatened by "selfish mining," a potential attack model for proof-of-stake (PoS) cryptocurrencies. Luckily for Tezos, the selfish mining concern can be patched through the network’s on-chain governance model, which conducts periodic votes for protocol changes in lieu of hard or soft forks. Full story

PRO APP: Coinbase Pro released an Android app Tuesday, granting the exchange’s professional investors access to high-speed trades and other features. Coinbase Pro customers in more than 100 countries can access 50 different trading pairs via the new app, the firm said. Full story

SLEEPING GIANT: According to Digital Assets Data, a fintech company building crypto data feeds, nearly 60 percent of all bitcoins remained dormant in 2019, the highest percentage of "hodled" bitcoins since early 2017. 

BLOCKCHAIN INVENTION: Enterprise software vendor R3 has won a patent for a blockchain-based record system designed to make corporate information-sharing more efficient. Awarded Tuesday by the U.S. Patent and Trademark Office, the patent describes a system for "managing transactions in dynamic digital documents" that would provide companies with an immutable data record. Full story

BULLS ON PARADE: Bitcoin jumped to seven-week highs early on Wednesday, bolstering the short-term bullish technical setup. The rally may now continue toward key Fibonacci resistance located above $8,600. Pullbacks, if any, are expected to be short-lived, and the bullish case will remain valid as long as support near $7,570 is intact. Full story

BOT-COIN: Today on Markets Daily Adam B Levine and Brad Keoun are talking about the future of robotics, which might see robots paying robots in crypto, as machines begin to automate away our quotidian tasks. Full story

WHO WON #CRYPTOTWITTER
 

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