Crypto News 

Korean Gov’t Pilots Blockchain for Logistics Innovation in Country’s Largest Port

“If the shipping logistics blockchain pilot at Busan will prove successful, both ministries plan to expand the initiative across other ports nationwide” writes Marie Huillet for cointelegraph.com. Two South Korean government ministries have launched a blockchain pilot for port logistics innovation, according to a press release from the country’s Ministry of Science, ICT and Future Planning (MSIT), published Dec. 18.MSIT, together with the Ministry of Oceans and Fisheries, are reportedly testing whether the technology can make Korea’s container shipping industry more efficient.The initiative aims to ascertain whether leveraging blockchain technology…

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A new crypto company backed by Peter Thiel is launching to solve one of the industry’s biggest pain-points, and one trader said it ‘brings something that others haven’t brought so far’

“Crypto market experts have said that lack of prime brokerage services are one of the biggest pain-points keeping out mainstream institutional money” writes Dan Defrancesco for businessinsider.com. Tagomi Holdings, a startup backed by investors including Peter Thiel, went live this week with its electronic prime brokerage services for cryptocurrency markets.After seeing incredible growth towards the end of 2017, crypto markets have been hit hard in 2018.But despite these concerns, prime services are a positive step in the crypto market’s maturation.While it’s a positive step, prime brokerage services aren’t the cure-all…

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Crypto News 

Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report

“Bloomberg News reported Tuesday that it has seen Tether bank statements indicating that, over four separate months at least, the company held sufficient dollars to back the tether (USDT) tokens on the market” reports coindesk.com. Bank statements for several other non-consecutive months also indicated its dollar reserves matched tokens on the market, says Bloomberg. Source: coindesk.com Share This:

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Bitcoin News Digest Tuesday, December 18, 2018

Settling A Bitcoin ‘Bet’ During this week in 2017, I relayed in this column a discussion I had with my monthly dinner group, which was prompted by an enthusiastic discussion about the merits and flaws of investing in Bitcoin. At the time, it was headline news. As the chart from that article shows here,   Bitcoin: The Decline Is Fundamental, Unsolvable, And The End Of BTC From a fundamental view of BTC the currency has nothing backing it and thus it literally has no value, either intrinsically or agreed upon.…

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Crypto News 

New Financial Projects Gain Momentum in Period of Political Uncertainty

“This is because blockchain technology is a public record, it is transparent, and it is immutable” reports financemagnates.com. Blockchain technology allows us to tackle humanitarian crises and to achieve social impact.The project needs builders, scientists and experts in identity, privacy, and financial governance, as well as philanthropists and ambassadors. Source: financemagnates.com Share This:

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FSMA Flags 14 Crypto Trading Platforms, as Crypto Scams Grow

“You can see the list of the 14 suspected scams and their websites here” writes Celeste Skinner for financemagnates.com. However, some of the trading platforms don’t just offer cryptocurrencies, they also offer more traditional financial instruments to trade such as foreign exchange, indexes and commodities.With the additions, the list of suspected cryptocurrency scams now includes a total of 113 websites.In addition, the FSMA also highlights that despite previous warnings, the regulator is still receiving new complaints from consumers who have invested in virtual currencies through these trading platforms.The Financial Services and…

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Crypto News 

Crypto-to-Crypto Trading Now Live on Coinbase

“Crypto-to-crypto trading is now live on Coinbase” writes Nick Marinoff for livebitcoinnews.com. Furthermore, the exchange has also added several new assets to its professional trading platform Coinbase Pro ranging from Basic Attention Token (BAT) to Zcash (ZEC).The largest and most popular crypto exchange in the United States made the announcement on Twitter, writing: “12 Days of Coinbase” is a special program coinciding with this year’s holiday season.The company recently listed a new OTC trading desk during the first week of December. Source: livebitcoinnews.com Share This:

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One year on from Bitcoin’s record high, its price has fallen so far it’s too costly to mine it

“Here’s a chart from JP Morgan showing the steep decline in bitcoin mining profitability this year” writes Business Insider Australia for businessinsider.com. Therefore in the absence of any stabilization in prices, the least efficient miners were forced to exit mining activity abruptly.The latest decline in prices towards $3,000 per bitcoin has also seen a sharp decline in the hash rate. And when prices tumble this far this fast, it means many previously profitable miners are now having to power down their operations. Source: businessinsider.com Share This:

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Crypto News 

Better Than Corporations: Layoffs in Crypto Are On the Rise, Still Lower Than in Other Industries

“Over the past three years, jobs relating to blockchain, Bitcoin and cryptocurrency have been on the rise on LinkedIn” writes Gareth Jenkinson for cointelegraph.com. Citigroup, Sears, Roebuck & Co, and the U.S. Army each cut over 50,000 jobs at different stages, but these job cuts put most others in perspective.As previously mentioned, one can draw similar parallels between the rise of internet companies in the 1990s and the rise of cryptocurrency- and blockchain-focused companies from 2010 onward. However, those that survived ended up laying the foundation for the cryptocurrency and…

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Crypto News 

Coinbase Adds Direct Crypto Conversions for BTC, ETH, ETC, LTC, ZRX and BCH

“For the eighth day of announcements, Coinbase has revealed a new feature called Convert, which customers can use to convert one cryptocurrency to another” reports sludgefeed.com. This news comes several days after Coinbase’s last major announcement that all U.S. customers can now instantly withdraw cash balances from Coinbase to PayPal (PYPL). Source: sludgefeed.com Share This:

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