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๐Ÿ—ž Daily Crypto News, January, 21st๐Ÿ’ฐ

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Mr. Crypto Lemon ๐Ÿ‹
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  • CME Doubles Bitcoin Options Volume, Leaving Bakkt in the Dust ;
  • Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro ;
  • Turkish City Developing Crypto and Blockchain Solutions for Public Services ;
  • Canada Forges $130,000 Development Deal for Steel-Tracking Blockchain ;
  • Ethereum Advocates Step up Marketing Drive over Rival Domination Fears ;
  • ๐Ÿ—ž Daily Crypto News, January, 21st ๐Ÿ’ฐ
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

๐Ÿ—ž CME Doubles Bitcoin Options Volume, Leaving Bakkt in the Dust

Seven days after the launch of bitcoin options contracts on the Chicago Mercantile Exchange (CME), the latest trading volume figures still indicate that CME completely dominates over its competitor Bakkt.

According to trading data from CME, 122 bitcoin options contracts changed hands last Friday (January 17), when bitcoin (BTC) rallied. That marks more than a doubling from the 55 options contracts that were traded on the first day of trading on January 13.

Each options contract at the CME represents a right, but not an obligation, to buy one bitcoin futures contract, which in turn represents 5 bitcoins. The latest volume figures from the CME show that contracts worth 610 BTC, or approximately USD 5.3 million, were traded on this market on Friday alone. In comparison, Bakkt reached a volume of USD 178,000 on the same day.

๐Ÿ—ž Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro

Venezuela will soon sell oil from reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR).

Venezuelan President Nicolas Maduro has signed a decree to sell 4.5 million barrels of oil from the certified 30 million-barrel reserve maintained by Petroleum of Venezuela (PDVSA), the state-owned company officially announced on Jan. 14.

According to PDVSA, Maduro announced the news in a speech before the Constituent National Assembly โ€” an assembly elected in 2017 to draft a new constitution for Venezuela.

๐Ÿ—ž Turkish City Developing Crypto and Blockchain Solutions for Public Services

Konya, the city of the world-famous poet Rumi, might not come to mind when talking about technology, especially blockchain and cryptocurrencies. As one of the major cultural centers of Turkey, Konya is known for its rich history, gorgeous mosques, and historical sites.

But that has not stopped the Anatolian city from setting up its "Science and Technology Valley," under the umbrella of Konya Science Center, and building a team to apply blockchain to municipal services.

First revealed by Konya Metropolitan Mayor UฤŸur ฤฐbrahim Altay during a local smart city congress in Ankara on Jan. 16, this Turkish city is looking for ways to develop a "City Coin" and create a blockchain-based financial ecosystem around it.

๐Ÿ—žCanada Forges $130,000 Development Deal for Steel-Tracking Blockchain

Innovation, Science and Economic Development Canada (ISED), a government agency with the mandate to foster technology innovation, published a procurement award on Nov. 12 that will fund the R&D project for six months with 169,427 CAD(about US$130,000).

The goal, as set out by ISED, is for Mavennet to build a blockchain proof-of-concept prototype that can track and share real-time data across the supply chain in the Canadian steel industry that regularly produces well over 10 million metric tons a year.

Mavennet's CEO Patrick Mandic said in an interview that with a blockchain to trace live data points and AI to make those patterns meaningful, the system could have ripples across the multi-billion-dollar industry.

๐Ÿ—ž Ethereum Advocates Step up Marketing Drive over Rival Domination Fears

Developers believe that Ethereum real-world blockchain applications could come too late โ€“ potentially leaving the door open for rival platforms to sweep in and โ€œdominate.โ€

Per a post from the recently formed Ethereum Marketing DAO, a group of Ethereum marketing experts, a โ€œdesign thinking sessionโ€ held with developers on Mural last year drew up a โ€œtop threeโ€ list of Ethereum-related โ€œconcerns that participants thought could be addressed through a Marketing DAO.โ€

Topping the list was the โ€œperception that Ethereum will deliver too few real-world applications too late, allowing newer blockchains to dominate.โ€

๐Ÿ—ž Daily Crypto News, January, 21st๐Ÿ’ฐ

  • IOTA (MIOTA)

Join Wilfried Pimenta, our Director of Business Development, in the event of data-driven energy services. How to engage consumers. Jan 21...

  • OKB (OKB)

"#okextalks: Our Financial Markets Director @LennixOkex will be speaking in Davos on 21 Jan."

  • Crypto.com Coin (CRO)

Live AMA with our CEO @Kris_HK on @cryptocom's Twitter next Tuesday, 21 Jan 4PM HKT (8AM UTC).

  • Ark (ARK)

"If you have questions relating to the Plugin Manager then join the ARK Slack for an AMA on Tuesday 21st of January at 20:00 UTC (8PM UTC)."

  • BitMax Token (BTMX)

BitMax lists KAVA/USDT and KAVA/BTC pairs. Trading begins at 10 AM (EST), Jan 21st. Deposits and withdrawals start at 11 PM (EST), Jan 19th.

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

So after the start of the correction on the BTC, STEEM started to drop also and as usual more powerfully than the BTC. However, till now, the support line at 0.155$ is still supporting us and did even create a bounce from it. SO let's see if we will stay upper than this line. A new test of the resistance line around 0.21$ would be a very bullish sign but we are not yet in that scenario.

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