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 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 News 

Hedge funds to start-ups, industry feels crypto pain

“Despite the downturn in cryptocurrency prices, Stover is still expecting 12 new crypto funds to launch within the next couple of months” writes unknown author for cnbc.com. So that would be 6 percent of our crypto funds,” Stover told CNBC in an email.Other funds like Morgan Creek Digital, which has $1 billion in assets under management, see the drop in cryptocurrency prices as an opportunity.Stover pointed out that most of the funds that are closing had very little capital and posted poor performance this year.Fast forward 12 months, and bitcoin…

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Brokers Crypto Markets News 

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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Crypto News Platforms 

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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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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