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terça-feira, 21 de janeiro de 2020

DigixDAO Liquidates

DGD token jumped to multi-month highs
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January 21, 2020




DigixDAO has decided to return $62.5 million to investors after the community voted overwhelmingly in favor of treasury's liquidation. 

Out of a total of 56 votes, 95% supported Project Ragnarok  to return the initial coin offering (ICO) funds to investors. Investors will now receive 0.19 ETH per DGD (Digix) token held. 

DigixDAO raised a total of 4,50,000 ETH in 2016 via ICO. The Treasury currently holds about 380K ETH in two different addresses, which will be transferred to Refund Contract to facilitate transfer to investors. 

The vote was conducted after developers responded to community requests by introducing a mechanism for dissatisfied DGD token holders to make a clean break from DigixDAO.

DGD hits highest since June

The bid tone around DGD strengthened on Monday following the news of Treasury liquidation, sending the price higher to $32.15, the level last seen on June 2018, 2019. 

The cryptocurrency ended Monday with 15 percent gains and was last seen changing hands near $31.00 on Binance.
 
Digix tokens

DGD is used as a governance token for decentralized and autonomous community of DigixDAO. In 2018, Digix issued a gold-backed token DGX. 

Digix and the gold-backed DGX token will continue to operate after return of ICO funds.

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Consolidation Continues 

BTC: Price: $8,640 | Market cap: $157 billion | 24-Hr Volume: $28 billion




Trend: Bullish

Bitcoin remains trapped in the $8,461-$8,750 range for the second day. A range breakout would imply an end of the correction from Sunday's high of $9,188 and would shift risk in favor of a re-test of the 200-day average at $9,015. 

However, if the range is breached to the downside, the focus would shift to support at $8,200 and $8,000.

The broader market conditions look bullish with the weekly chart reporting a falling channel breakout. Further, the weekly MACD histogram, an indicator used to identify trend strength and trend reversal, looks set to cross above zero next week, confirming a bullish reversal for the first time since mid-August. 

As a result, bitcoin is more likely to end the two-day trading range with an upside breakout. 

Read Analysis



In this new feature of the Markets Daily newsletter, we aggregate news, reports, ideas and tweets relevant to crypto traders and investors.

Bitcoin Is Still the King and It Will Remain so for 3 Reasons (Medium)
Author Sylvain Saurel argues that despite a vast array of altcoins on today's market, bitcoin remains king due to first mover advantage, true to its decentralized nature and the fact that innovation around bitcoin is permanent.
 
The DeFi ecosystem is growing at a pace that can only be described as frenetic, and Tezos Capital plans to take advantage of the trend.

CME Open Interest for Bitcoin Futures Doubles Since Start of 2020 (CoinDesk)
Open interest in bitcoin futures listed on the Chicago Mercantile Exchange (CME) have doubled in the first few days of the year.

US Lawmakers Try Again on Tax Relief for Small Crypto Payments (CoinDesk)
U.S. lawmakers have resurrected a bipartisan push to exempt gains from small cryptocurrency transactions from being taxed.
 

Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.

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Donations

BTC: bc1qxv3stg0xha9upurf7h4aqnmg3xjn3h0zk28kpe

ETH: 0x01870296774Fb0A2DbF9b44d2E6a57fb8Ccea070

LTC: LQ44CP6xDDkX5bAiKd3yqmDB4c23U7orrQ

DOGE: DCpu9v1bkTXj8VKUDG97LHdV2qipDPyZsR

ADA: addr1qx4q7348dv2ju5zshee9ru23ssmqhyyjlnxe0xlezjq5we42par2w6c49eg9p0nj28c4rppkpwgf9lxdj7dlj9ypganqtmuu2p