Blockchain Daily Digest – January 20th, 2020

By Henry Chan   Jan 20, 2020 2 Min Read

1.   Blockstream Samson Mow on Scalability: Bitcoins are Tanks while Altcoins are Bicycles

Towards the end of 2017, the cryptocurrency market was in a state of delirium. Bitcoin set record price after record price and reached a peak of around $20,000 USD per token.

2.   First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible

As revealed in a recent press release, the Bank of Lithuania has approved a sample size of the physical version of LBCOIN, a silver digital collector coin equivalent in value to 19.18.

3.   Nobel Prize Winning Economist Abhijit Banerjee: Is Blockchain the Key to Financial Inclusion?

We went along to the Asian Financial Forum (AFF) on Day Two to hear what Nobel Prize-Winning Economist Prof. Abhijit Banerjee would say in his keynote speech on financial inclusion.

4.   South Korea Contemplates Imposing 20% Tax on Cryptocurrency Proceeds

The South Korean administration might consider categorizing proceeds from cryptocurrency transactions as other income that is subjected to 20% tax, such as prize-winning or lottery.

5.   Is the Price of Bitcoin Satoshi Vision (BSV) Driven by Fake News?

The Bitcoin Satoshi Vision (BSV) price chart is peculiar to analyze. Given the state of cryptocurrency investment, it is safe to say that a large influencer of crypto value is derived from speculation, and BSV is plagued by speculation as its chain leader, Craig Wright, continues to claim that he is Satoshi Nakomoto—the anonymous original creator of Bitcoin. 

 

The Top 5 Cryptos At a Glance

#

Crypto

Symbol

Market Cap.

Price (US$)

Change % (24h)

Trading Vol. (24h)

1

Bitcoin

BTC

$157.25B

$8,654.02

-3.62%

$31.798B

2

Ethereum

ETH

$18.07B

$165.29

-4.87%

$12.917B

3

XRP

XRP

$10.09B

$0.23

-5.04%

$2.01B

4

Bitcoin Cash

BCH

$6.03B

$330.78

-4.96%

$3.54B

5

Bitcoin SV

BSV

$4.96B

$272.29

5.44%

$3.01B

 


About the author

Henry Chan
Blockchain and Crypto writer with over 2 years experience in Blockchain and Fintech. I'm interested in how Blockchain can bring transformation in supply chain, and bring improvement to the life of people in Africa.




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