COINFEED HEADLINES OF THE DAY
Movers and Shakers
Winners: Loom continues to bloom rocketing up by 15%. Zero X not too far behind with 14% after Coinbase added it as its first ERC-20 asset to its Pro exchange.
Losers: DASH is our loser of the day falling by 8% down to $150 which is a far cry from $1200 last Christmas.
The 3 cent price differential between Tether and TrueUSD continues. Yesterday’s show asked our members to pay attention to that discrepancy. And today we have a bit more information on what could be driving that.
Which brings us to the Headlines of the day.
Bitfinex has suspended all fiat wire deposits for one week. As we’ve previously reported, they along with USD Tether have been in limbo seeking out a new bank. Markets like stability however and these circumstances surrounding Bitfinex doesn’t do much for investor confidence.
Dr. Nouriel Roubini nicknamed Dr. Doom by the crypto markets testified at a US Senate hearing that “Crypto is the mother of all scams”. Peter Van Valkenburgh, a lobbyist for Coin Center, offered his countering views with examples of how crypto is solving hair on fire problems. The eight US senators present at the hearing just looked at each other, shrugged their shoulders, and asked if they can get a copy of the report on a CD-ROM.
A new study reveals that Coinbase hit a one year low losing nearly 80% of its volume and user count since the December peaks.
Liquid Network is Live
Not so doom and gloom, Samson Mow has launched Blockstream’s Bitcoin side chain dubbed the Liquid Network. While the Liquid Network works in similar ways as side chains such as Lightening Network, target market for Liquid Network will be large financial institutions that can make off chain transactions with LBTC and later swap them for on-chain BTC.
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This show is slightly advanced. If you're just getting into crypto much of this will go over your head. But that's okay, we have a home for you too. Download the Coinfeed app and say hello. Someone there would be happy to help you.
We'll use this show to discuss cryptocurrencies (or as we prefer to call them: cryptoassets) such as Bitcoin. We'll also cover some alt coins from time to time. We likely won't mention any assets that have low liquidity since those assets are more prone to manipulation. Coins in our system include: Ethereum ETH, NEO, GAS, Litecoin LTC, Ripple XRP, Dogecoin, Pied Piper Coin PPI, Tether USDT, Stellar XLM, Nem XEM, Binance BNB, Kucoin KCS, ZCash ZEC, Monero XMR, Cardano ADA, Nano
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