Hodler’s Digest, Dec. 30–Jan. 5

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SEC on “unfounded fishing expedition,” Telegram lawyers tell judge Telegram’s lawyers haven’t had a quiet start to 2020. A judge gave them less than a single business day to respond to a request from the United States Securities and Exchange Commission to hand over details…

Ethereum Block Time Reduced by 25% After Muir Glacier Hard Fork

The average block time on the Ethereum blockchain decreased by almost a quarter after the mining difficulty was decreased. Data reported on Ethereum block explorer Etherscan shows that from Jan. 1 to Jan. 4, the daily average block time on the blockchain decreased from 17.16 seconds to 12.96. This translates to a 24.48% shorter block time. Chart of the Ethereum average block time March 3-Jan. 4. Source: Etherscan Obviously, the block time decrease resulted in a higher number of blocks mined daily and a higher Ether (ETH) inflation. According to…

Ronnie Moas and Vinny Lingham Come to Blows Over $20K Bitcoin Bet

Two well-known Bitcoin (BTC) figures have resorted to a painfully public Twitter exchange to settle an argument over a $20,000 unpaid bet. The heated debate, which is ongoing, revolves around a pledge which investor Ronnie Moas made in 2018.  Moas redistributes Ross Ulbricht BTC If Bitcoin was not worth $28,000 by the end of last year, Moas said he would donate the lump sum to FreeRoss.org, the charity working to free jailed former Silk Road owner, Ross Ulbricht. The bet was made with Vinny Lingham, CEO of blockchain identity startup…

Why a Bull Market Is Closer Than You May Think

Bitcoin price (BTC) is currently resting just shy of $7,500 after an impressive rally from around $6,850 on Friday, Jan. 3. Does this mean the bulls have taken control? Or is this a final relief rally before Bitcoin drops to fresh lows?  Daily crypto market performance. Source: Coin360.com Did exchanges manipulate price action? In last week’s analysis, I highlighted that the CME gap is becoming a regular trading event each week, and less than 12 hours after the analysis was printed, the gap filled to the exact price of $7,265,…

Bitcoin Network SegWit Adoption Hits 66% After BitMEX Embraces Upgrade

More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows.  According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4.  Two in three BTC payments now SegWit The volume underwent a significant increase in late 2019, jumping from around 40% in September to nearer 60% in October.  The statistics, however, are subject to variation. SegWit.Space, a dedicated monitoring resource, lists current SegWit propagation as 66%. Other charts, such as…

Who Got Gifts from Crypto Santa in 2019… and Who Got Coal

On Christmas Eve, Crypto Claus did his rounds after checking the list to see who was naughty and nice. But who got some lovely presents after making a positive impact in 2019 — and who got coal for setting the industry back? Here, we take a look at the people and businesses who have had a year to remember — and those who have had a year to forget. The naughty list Some crypto players were resigned to getting coal rather early on in 2019. Right at the start of…

Coinbase CEO Brian Armstrong Says 20s Will See an Anoncoin Go Mainstream

Brian Armstrong, co-founder and CEO of United States-based cryptocurrency exchange Coinbase, said that he believes a “privacy coin” will go mainstream in the 20s. In a post published on Coinbase’s official blog on Jan. 3, Armstrong said that he believes in the 20s we will see the integration of privacy features into one of the major blockchains. He also foresees a cryptocurrency with such features to go mainstream in the following years: “Just like how the internet launched with HTTP, and only later introduced HTTPS as a default on many…

Richard Heart’s HEX Now Trading For Less Than 1 Satoshi After 52% Drop

Bitcoin’s (BTC) smallest denomination is now worth more than an entire unit of altcoin Hex (HEX) after the controversial token lost over 50% in a day. Data from Coinmarketcap and other sources confirm that HEX/BTC is now below 1 satoshi — or 0.00000001 BTC. HEX price too small to measure Put in different terms, the price of a single HEX token has become so small that many price calculators cannot measure its value. On Jan. 5, Hex traded at 7.745e-9 BTC according to Coinmarketcap, the equivalent of 0.000000007745 BTC. That…