🗞 Daily Crypto News, December, 8th💰

• Ethereum’s Istanbul Hard Fork Is Now Live;
• Decentralized Liquidity Is the Backbone of DeFi;
• Death Spirals and BTC — What Happens When Miners Capitulate?;
• State Street: 38% of Clients Will Put More Money into Digital Assets in 2020 ;
• Top 5 Bitcoin Mining Machines Ahead Of Halving;
• 🗞 Daily Crypto News, December, 7th 💰
• STEEM Trading Update

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

🗞 Ethereum’s Istanbul Hard Fork Is Now Live

Ethereum has successfully completed the Istanbul hard fork.

Hitting at block number 9,069,000, the systemwide upgrade is the network’s third in 2019, following February’s St. Petersburg and Constantinople hard forks. The months-long process culminated at 0:25 UTC on Sunday.

Another iteration of Ethereum 1.x, Istanbul is the network’s eighth hard fork overall with the first code changes being approved in June 2019. (Eth 2, the network’s major transition to proof-of-stake (PoS), is expected in 2021.) Being non-contentious, all ethereum clients – which host and independently upgrade the ethereum protocol themselves – have agreed to the new software.

🗞 Decentralized Liquidity Is the Backbone of DeFi

Matthew Prewitt is a cryptoeconomic advisor at Amentum Capital and co-lead of the RadicalxChange. Steven McKie is the CEO of Amentum Capital. The views expressed are those of the authors.

One of the most interesting recent developments in cryptocurrency is the emergence of decentralized liquidity pools.

Algorithmic-based smart contract liquidity pools such as Ethereum’s Uniswap, or privacy-focused, off-chain decentralized exchanges such as Starkware’s StarkDEX are just two examples of projects leading the charge.

Inbound/outbound liquidity is essential for the creation and growth of financial markets. Price discovery, and the ability to move in and out of trade positions, whether they’re from a big institutional firm, or a small-time trader, remains key if crypto is to reach maturity; where its aggregate daily volume could sustain at levels comparable to the legacy financial system.

🗞 Death Spirals and BTC — What Happens When Miners Capitulate?](https://cointelegraph.com/news/death-spirals-and-btc-what-happens-when-miners-capitulate)

The stagnation of the cryptocurrency market has put Bitcoin’s (BTC) price at risk of further decline, as it struggles to recover beyond key resistance levels. A descending price increases the probability of the so-called “miner capitulation” occuring, which is said to have triggered the major BTC drop in December 2018.

Late last year, the Bitcoin price fell to around $6,000 following three months of stability in a tight range between $6,000 and $6,500. The subsequent drop to the $3,000s happened within the span of just one month.

🗞 State Street: 38% of Clients Will Put More Money into Digital Assets in 2020

The majority of asset managers that bank with State Street are interested in digital assets such as bitcoin, but none have asked the global custodian to store them yet.

“We’re talking to them less about ‘Can you custody this,’ and more about how we can work together to make sure these changes aren’t disruptive to our business models,” said Jay Biancamano, State Street’s managing director of digital product development and innovation.

The firm will have a better idea of what it will do with digital asset custody in 2020, he said at an event sponsored by the bank Thursday in New York. After custody, State Street is interested in looking at fund administration, private placements, issuance and trading of digital assets, he said.

🗞Top 5 Bitcoin Mining Machines Ahead Of Halving

Searching for the five best performing Bitcoin mining equipment with fastest payback and biggest profitability, four Bitmain’s and one Canaan’s model are at the top, research by Beijing-based token data and rating agency TokenInsight showed.

May 2020 Bitcoin (BTC) mining reward halving is currently one of the most important topics in the Cryptoworld. We’ve discussed previously what the future holds for BTC miners, and now we look into the best equipment for miners to use on their way towards this major event.

In their report, released this week, TokenInsight compared mining hardware, taking the halving into account, and showed best models according to, among other things, their annualized returns on investment (ROI), static payback cycles, and the mining machine shut-down price (running cost of the mining machine per day/the number of mined coins of that machine per day).

🗞 Daily Crypto News, December, 7th 💰

• Constant (CONST) and 4 others

Crypto Trends 2020 in Ho Chi Minh City from 13:30 - 17:20.

• TE-FOOD (TFD)

Onboarding 100 masternodes and new product by end of week.

• Noah Coin (NOAH)

"As you know, we are organizing the trip to the cities of Japan in December."

• Elrond (ERD)

Live Periscope AMA with Elrond CEO at 2 PM (UTC).

• IoTeX (IOTX)

"IoTeX News Digest EP72"

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

Today, we had a flash break of the resistance line at 0.124$ but the rejection was immediate. We are now testing again this resistance line at 0.124$. Let's hope we will break again that line with volume but more important, that we will stay upper than this line for several hours in order to confirm the break. This line looks really powerfull as we are not able to break it since several days and than it was also a great support line back.

Last Updates

• 🗞 Daily Crypto News, December, 7th💰
• 🗞 Daily Crypto News, December, 6th💰
• 🗞 Daily Crypto News, December, 5th💰
• 🗞 Daily Crypto News, December, 4th💰
• 🗞 Daily Crypto News, November, 24th💰
• 🗞 Daily Crypto News, November, 23rd💰
• 🗞 Daily Crypto News, November, 22nd💰
• 🗞 Daily Crypto News, November, 21st💰

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