Daily Crypto NewsEDITION #002, 14 June 2020

Moni Talks EP2: Phase 5


Quick Moni News

— See the vital crypto-market stats here.

— Bitcoin is entering the 5th phase according to PlanB’s S2FX model, based on the study by Nick Carter and Hasu. Previous four phases showcased Bitcoin as the E-cash concept -> cheap p2p payment solution ->digital gold -> financial asset. According to the analyst, the next phase will bring institutional investors into the game.

— Galaxy Digital and Bakkt are aiming to provide large institutions with easy and secure access to physical bitcoin purchases.

— ETC Group, a UK-based investment company, has announced plans to list Bitcoin-backed security on the German electronic trading market later in June 2020. The exchange-traded product (ETP), called the Bitcoin Exchange Traded Crypto (BTCE), will be backed by Bitcoin, with each share giving the holder a claim to a specific amount of the cryptocurrency.

— Glassnode has shared data that approximately 80% of Ethereum supply is now in profit. This is only the third time this has happened with the last two times being followed by a bearish trend… Meanwhile, already two “weird” transactions paying ~$2.5M each happened on the Ethereum blockchain… At the same time, there are Ethereum bulls in the space, namely Real Vision chief executive, Raoul Pal, who tweeted that Ethereum may even outperform Bitcoin at some point.

— TRON’s (TRX) CEO Justin Sun seems to be on the path to “Make Tron Great Again” to make up for the Steem scandal. Tron partnered with Poloniex to implement a brand new tiered fee schedule. Justin has announced the launch of TRON 4.0 earlier and has recently paid $500,000 for Team JUST to build a new dapp on Tron.

— The market capitalization of Tether (USDT) stablecoin is nearing $10B. Tether is now the second-largest altcoin, which is a bullish sign for the cryptocurrencies generally as this means a decent volume of funds sitting on the sidelines waiting for an opportunity to jump in.


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