State Of Emergency

The year has started with a bang!

Stocks and cryptos are rallying strongly so far yet volatility is still really high. 

Today's Highlights

Shutdown: Day 18

Volatility Still Elevated

Ethereum Classic Hacked!!

Traditional Markets

Stocks have managed to rally off the lows and are now firmly in green for the year. Here we can see the Dow Jones' all-time high in early October and the recent low from December.

There does seem to be some progress being made in the US trade war with China. The Fed also seems to be signaling that they're less likely to be hiking rates this year. In contrast, the US government shutdown only seems to be heating up.

Today marks the 18th day of the partial shutdown and according to rhetoric from the White House, it seems that the President is willing to let it last an entire year if necessary.

President Trump has announced that he will address the nation tonight at 9:00 PM EST. Many expect him to declare a state of emergency in order to circumvent Congress in getting funding for the border wall.

Market volatility has come down a bit from the extreme highs of December but is still quite elevated.

Ethereum Fork!

So, there's been a lot of confusion here and I'm very glad to cut right through this one for you and clarify.

First, some background... We've discussed already that the Ethereum blockchain is about to see a major upgrade. The name of this upgrade is Constantinople and it is scheduled for on or around January 16th. 

Constantinople will be implemented as a hard fork on Ethereum. If you're not 100% sure how forks work, please review this short explanation now.

In this upcoming case, the Ethereum upgrade has been widely embraced by the community and until now there have been no major players protesting Constantinople. So most likely it will be a smooth upgrade. 

This means that the entire network will probably implement the upgrade together and there will be no action required from the end users.

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