Copper’s Weekly Update – 06 January 2020

Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.

Copper Team

Highlighting what went right, and what went wrong, in this week’s crypto news analysis.

A roundup of roundups would suggest there is some actual consensus in crypto around a shortlist of key perditions for 2020: First, the industry is ripe for consolidation; and second, regulation will ‘solve’ everything. It’s hard to argue either point, harder still to make them happen.

Happy New Year to all of our readers, we hope you have a fun and prosperous 2020 🥳.

Plus, a belated happy birthday to Bitcoin, which turned 11 last week 🎂

Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note a note.

Latest Industry News

SEC Asks for Telegram ICO Financials

  • The SEC said the investment information is necessary ahead of next week’s deposement of three Telegram employees, including founder and CEO Pavel Durov
  • Telegram has refused to hand over ICO allocation records relevant to the “efforts of others,” part of the Howey Test used by the SEC to determine if a financial product is a security

Read More

A new crypto bank could soon launch

  • London-based Ziglu aims to bring the best of challenger banks and cryptocurrency exchanges to create “one truly complete current account,” according to information from its website
  • It will then enable users to buy, sell and hold fiat and cryptocurrencies. It will also offer a Mastercard debit card to spend funds. Ziglu is currently in the process of getting an e-money license from the FCA

Read More

Last Regulator Roundup of 2019

  1. Copper’s final instalment for 2019 covering the monthly moves regulators make all around the world. This edition includes over 130 updates
  2. South Africa moves on first regulations, Libra fails, Ethereum forks, French ICO gets backed, Bitcoin ransomers hit governments, and much more

Read More

Latest Coin Updates

BTC

alt

  • Price Analysis: Traders have experienced some volatility early in the new year following the pair’s rapid ascent late last week
  • Bitcoin more secure than ever as Hashrate hits new all-time high
  • Bitcoin believers expect rally as reward for halving

ETH

alt

XRP

alt

  • Price Analysis: There are high chances of a crucial upside break above the $0.2000 resistance area
  • XRP as a medium of exchange & not as a speculative investment
  • XRP welcomes 2020 with a green candle and by unlocking 1.2 billion from escrow account

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