Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute | News Bitcoin News

Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute | News Bitcoin News

Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute

China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects.

A total of 37 crypto projects are ranked this time around overall as well as in three separate categories: basic technology, applicability, and creativity.

The top four positions remain unchanged overall from the previous ranking, with Dash replacing NEO in the fifth position. Bitcoin climbed from the 14th position to the 11th place while Bitcoin Cash rose slightly from the 30th to the 29th position. IOTA continues to rank the lowest.

Bitcoin Edges Up in New Crypto Ranking by Chinese Institute

According to the center, the basic technology subindex accounts for 65% of the total score, the applicability subindex 20%, and the creativity subindex 15%. The ranking and evaluation work is carried out every two months by the CCID (Qingdao) Blockchain Research Institute, an entity established by the CCID, with the help of several organizations, including the CCID think tank and the China Software Evaluation Center.

What do you think about this crypto ranking? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Author: News

Kevin Helms

Airbnb Mulls Crypto & Blockchain, Crypto ETP Trading Surges + More News

Airbnb Mulls Crypto & Blockchain, Crypto ETP Trading Surges + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

  • The accommodation bookings giant Airbnb has made a surprising reference to crypto and blockchain in a prospectus for its proposed initial public offering (IPO). The firm has registered the prospective with the American regulatory body the Securities and Exchange Commission (SEC). In the document, the company said that its “future success” will hinge on its “ability to adapt to emerging technologies” including “tokenization,” “cryptocurrencies” and “blockchain technology.” “As a result, we intend to continue to spend significant resources maintaining, developing, and enhancing our technologies and platform; however, these efforts may be more costly than expected and may not be successful,” they said.
  • The would-be masterminds of a proposed blockchain-powered CNY bond offering may have pulled the plug at the last minute after the issuance’s Chinese “lead sponsor” appears to have developed cold feet. A firm named Longbond had been set to launch the bonds on Friday last week with the China Construction Bank (CCB)’s Labuan, Malaysia, branch acting as the “lead arranger” on the deal, and the Fusang exchange then set to trade the bonds for bitcoin (BTC) and USD. However, it appears the CCB was unhappy with the way the story was reported upon in the media. A strongly worded denial of BTC-related business plans came first, after which Caixin reported that there had been an “unexpected delay”, with Fusang stating that the issuance had been postponed “until further notice.”
  • Following the bitcoin bull run throughout the past month, average November exchange-traded product (ETP) volumes have increased by 53.5% to USD 173.5m/day, according to CryptoCompare data. Grayscale’s Bitcoin Trust Product currently represents the highest market cap of all ETP products at USD 9.1bn. This is an increase of 56% compared to 30 days prior. The OTC-traded product set a record of USD 215m in weekly inflows over the last month, they added.
  • Core Scientific, a major digital asset mining infrastructure provider in North America, announced it has partnered with Argo Blockchain plc, the publicly-traded crypto miner based in the UK, to host Argo’s Antminer S19s at Core Scientific’s United States-based facilities. Argo’s decision to host with Core Scientific will expand their mining operations in North America, they said in an emailed press release.
  • Crypto mining is continuing to surge in Abkhazia, with power outages reported across the de facto state. Opposition leaders have taken to social media to demand that the government takes immediate action. In a Facebook post from the recently formed opposition organization the Abkhazian People’s Movement, a group of politicians chided the government for its recent decision to legalize crypto mining. The group claimed that the move has left people “without heat and light for hours on end” – with the bitter chill of winter approaching. Earlier this year, the state energy provider warned that the grid was being placed under enormous stress.
  • Ethereum-focused major blockchain company ConsenSys said it has acquired the team and technology of Truffle. Among the blockchain developer tools, the Truffle Suite is a development environment, testing framework, and asset pipeline all rolled into one. The terms of the acquisition were not disclosed.
  • Blockchain technology does not solve the fundamental security problems suffered by all electronic voting systems, according to a new draft paper from MIT. Moreover, blockchains may introduce new problems that non-blockchain-based voting systems would not suffer from. Also, electronic, online, and blockchain-based voting systems are more vulnerable to serious failures than available paper-ballot-based alternatives. Moreover, given the state of the art in computer security, they will continue to be so for the foreseeable future, they said.
  • Hala Systems, a social enterprise developing technologies to protect civilians from misinformation, said it is now utilizing Hedera Hashgraph (HBAR), an enterprise-grade distributed ledger, to verify data provenance and remove centralized control over data. Hala Systems’ primary product ‘Sentry’ delivers early warnings of conflict and natural disasters to 2.1m people in Syria.
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    Author: News Bureau

    Gold Spiked To Daily Highs As US Retail Sales Disappoint

    Gold Spiked To Daily Highs As US Retail Sales Disappoint

    After the US retail sales report was released for October, gold prices ticked up after the worse-than-expected retail sales data. Notably, the sales rose 0.3% in October after a downwardly revised increase of 1.6% in September, according to the latest data acquired from the U.S. Commerce Department. Economists anticipated seeing an increase of around 0.5% in October’s headline number.

    December Comex gold futures rose to daily highs last seen trading at $1,890.90, down 0.16% on the day. One of the most notable weakest parts of the retail report was the purchases of sporting goods and clothing, with both shrinking by 4.2% in October.

    The core sales that strip out vehicle sales, gained 0.2% last month compared to the expected 0.6% increase. This report’s control group that strips out autos, building materials, gas, and food services, was up by 0.1%, which disappointed the expectations of around 0.5% gain.

    Experts say that retail sales may keep under-performing amid a rise in COVID-19 cases as the United States consumers avoid crowds, and some firms are temporarily shut down as a result of new restrictions, according to economists. CIBC Capital Markets economist Katherine Judge said:

    “The deterioration in the outlook on account of the escalation in virus cases suggests that growth will be even harder to come by in the months ahead, particularly in services categories. Spending on goods could also slow further as frontloaded purchases negate the need for further outlays in some categories, while tighter social distancing restrictions on gatherings over the holiday season could compound these effects.”

    The technical confluence indicator shows that gold is currently encountering instant resistance at almost $1,888. That price level is the convergence of the Fibonacci 38.2% one-month, the SMA (Simple Moving Average 10) for the 4h chart, and the SMA 1001-5M chart.

    But, a strong cap awaits at $1,906 which represents a juncture of lines that includes the Fibonacci 61.8% one-month, the 50-day SMA, and 100-day SMA. Some support has formed at $1,884 which represents the confluence of the Bollinger Band 4h-Middle and the previous 4h-low.

    What cryptocurrency will become the main one in a year?

    A stronger cushion is at $1,877 which is the same point where the Fibonacci 38.2% one-day, the Fibonacci 23.6% one-week, and the SMA 5-one-day converge.


    Bitcoin Breaks $17,200 – Here's What's Next According to Crypto Analyst Nicholas Merten

    Bitcoin Breaks $17,200 – Here’s What’s Next According to Crypto Analyst Nicholas Merten

    Bitcoin has shattered the $17,200 mark for the first time in nearly three years.

    The leading cryptocurrency is up 5.18% in the last 24 hours at $17,253, according to CoinMarketCap. The last time BTC was at this price was in January of 2018.

    At these levels, 98.94% of all Bitcoin addresses in existence have turned a profit, according to the blockchain intelligence company IntoTheBlock.

    Crypto analyst Nicholas Merten says he thinks BTC will need a correction before it can reach previous all-time highs at $20,000.

    “I want to be rational with you all. We’ve been having phenomenal price action in the market. There’s something very important to keep in mind here that I think is critical in understanding where we’re at right now. We’ve really had three mini cycles as we’ve been recovering from the March lows of 2020. And we can see that both times previously they ranged around 30 days… We’re coming up here on 32 days, so about the same time preference around the first mini-cycle here.

    It’s looking like we might be getting a bit of a cooldown here. I want to keep things as conservative as possible. Many people are holding here. But my key point here is, as we’ve already gone up 52%, maybe 53%, I’m really thinking we may get a bit of a cooldown here, not testing all the way up to $20,000 just yet.”

    Merten says he thinks BTC is gearing up to reach a new all-time high in the first quarter of next year.

    “This is it guys. We’re getting to the moment here where over the next few weeks, over the next few months, we’ve had a quarterly target of Q1 of 2021 that we’re going to be revisiting back to these all-time highs…

    The room’s a bit more quiet than it was last time when we were at this price range. I remember vehemently back here in December of 2017 almost three years ago. It’s crazy to think it’s been almost three years when we were back at this price range.”


    Are You Still Buying 30 Cent XRP? XUMM Update - Anchorage Seeks US Charter - HODL 👊😎🎉🍾

    Are You Still Buying 30 Cent XRP? XUMM Update – Anchorage Seeks US Charter – HODL 👊😎🎉🍾

    November 17, 20200 Comments

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    Shaping the Blockchain & Crypto Ecosystem at Hong Kong Blockchain Week 2020 November 17-19, With Main Block O2O Virtual Summit on Nov 18th

    Shaping the Blockchain & Crypto Ecosystem at Hong Kong Blockchain Week 2020 November 17-19, With Main Block O2O Virtual Summit on Nov 18th

    For more information on the speakers, agenda, side events and partnerships, please visit  or contact: [email protected]

    This is a paid article which is provided by the company itself, and is not an investment recommendation by CryptoTicker. Investing is always associated with risks, usually the higher the promised returns, the higher the risks associated. A total loss cannot be completely excluded with any investment. CryptoTicker does not take responsibility for the correctness of the information in this article. The article also does not reflect the opinion of CryptoTicker or its employees in any way.

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    Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

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    The Ethereum 2.0 deposit contract has just been released on Github, with Genesis time set at Dec 1, 2020, 12pm …


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    Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute | News Bitcoin News

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