Crypto News 

Blockchain Must Be Applied to Real World Problems to Become Mainstream

“The Blockchain Must Work Outside Finance Such an app in this space could potentially bring newfound attention and mainstream legitimacy to blockchain technology” writes Nick Marinoff for livebitcoinnews.com. One of the major problems – per the recent source – states that ConsenSys was spending over $100 million a year funding new blockchain and crypto-related startups and venture funds.The blockchain hype is being described as “dead,” according to one source.Will the blockchain ever become the staple technology of the globe?. The source compares the blockchain to the internet and says that…

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Crypto News 

France Rejects Crypto-Friendly Taxation Policies

“France has gotten in the way of a long list of new crypto-friendly tax regulations that seek to provide cryptocurrency merchants and their customers with more profits” writes Nick Marinoff for livebitcoinnews.com. The French Nationwide Meeting rejected the regulations on Monday, believing that the present rate of tax exemptions is fair, and thus warrant no changes.Surprisingly, one amendment left out of the Meeting was a 30 percent flat tax set to be implemented for all cryptocurrency transactions.Will France eventually see the light when it comes to cryptocurrency?.  Source: livebitcoinnews.com Share…

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Crypto News 

Bitcoin Payment Processor Closes Seed Investment Round Backed by Tim Draper

“Bitcoin (BTC) payment processor OpenNode has completed a seed investment round with investment from American venture capitalist Tim Draper, according to an announcement on Dec. 18” writes Ana Alexandre for cointelegraph.com. Per the announcement, OpenNode has raised funds from Draper and early stage venture capital firm Draper Associates.”If we combine Bitcoin, blockchain with smart contracts and artificial intelligence, we could create the perfect bureaucracy,” he said.Yesterday Cointelegraph also reported about the launch of Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm Founders…

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Crypto Markets News 

Galaxy Digital’s Novogratz Does Not Expect Bitcoin Price to Sink Much More

“Novogratz projected that the Bitcoin price will stay between $3,000 and $6,000 in the foreseeable future” writes Ana Alexandre for cointelegraph.com. Speaking on Bloomberg Television, Novogratz opined that there will not be much further decline in the Bitcoin price, despite the recent slump in the market.Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that he does not expect the Bitcoin (BTC) price to decline much further in an interview published by Bloomberg on Dec. 18.In Novogratz’s view, there will be “a lot of…

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Crypto Futures Markets News 

JPMorgan Chase Analysts Say Prolonged Crypto Bear Market Is Scaring Off Institutions

“Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18” writes Helen Partz for cointelegraph.com. They purportedly claim that in the past month the index reached its “lowest levels” since the launch of Bitcoin futures trading on Dec. 10, 2017.Moreover, JPMorgan reportedly stated that the average transaction size in the crypto market has dropped to lower than $160, opposed to about $5,000 one year ago.The experts reportedly noted the decreasing index of open interest (OI)…

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Crypto Markets News 

Bitcoin Cash defies gravity with 25% growth; the next stop is $200

“Thus, a cryptocurrency wallet CoinText.io has launched its own BCH wallet in Bangladesh” writes Fx Street for forexcrunch.com. Bitcoin Cash (BCH) is a growth start today.While the upside momentum is driven by market sentiments and technical factors, BCH also enjoys some positive fundamental news.The 6th largest coin by market value has gained nearly 25% since this time on Tuesday and over 12% since the beginning of Wednesday to trade at $117.78 by press time. Source: forexcrunch.com Share This:

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Crypto Markets News 

A Year After $20K All-Time Highs, Bitcoin Price Sees a Small Rally Above $3.5K

“Eyes will continue to focus on the Bitcoin price, as its sway over altcoins will mean the current gains may be short-lived” writes William Suberg for cointelegraph.com. Both strands of BCH — Bitcoin Cash ABC (currently known as BCH) and Ayre’s favored Bitcoin Cash Satoshi’s Vision (BSV) — had performed the worst out of all the assets in the top twenty by market cap in recent days.As Cointelegraph reported, both have markedly reduced in price, while BCH’s price was overtaken by Ethereum (ETH) for the first time on Monday. Source: cointelegraph.com…

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Crypto News Reviews 

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 

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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Crypto News 

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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