Crypto Markets News 

Cryptocurrencies could be worth $1 trillion in 2018, CEO says

“The total value of all cryptocurrencies in the world will hit $1 trillion in 2018, the CEO of one of the world’s largest digital wallet platforms told CNBC Monday” writes Arjun Kharpal for cnbc.com. “I think that we’ll see the total market cap of digital assets hit a trillion dollars in 2018.Peter Smith, CEO of Blockchain, which is a digital wallet provider to store cryptocurrencies, said this is likely to nearly double next year.There are over 1,300 cryptocurrencies in the world such as bitcoin and ether with the total market…

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Crypto News 

Central banks could hold bitcoin in 2018, cryptocurrency CEO says

“Central banks hold gold and foreign currency reserves to allow them to act if there are any market shocks” writes unknown author for cnbc.com. “In 2018, G-7 central banks will witness bitcoin and other cryptocurrencies becoming the biggest international currency by market capitalization,” Etsebeth wrote.Global central banks will start holding digital currencies in the next year, the chief executive of a cyrptocurrency wallet platform told CNBC Monday.There is a growing chorus of voices suggesting that cryptocurrencies could be bought by central banks.”I think this year will be the first year…

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Crypto News 

G20 Will Tackle the Bitcoin Regulation Problem Next Year

“It is always interesting to note the lack of Bitcoin regulation around the world” writes Jp Buntinx for livebitcoinnews.com. At the request of France, we may finally see more Bitcoin regulation in the future. Bitcoin and cryptocurrencies can make a big impact in a lot of countries, that much is certain.Bitcoin and other cryptocurrencies are an interesting topic of conversation right now. Source: livebitcoinnews.com Share This:

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Crypto News Platforms 

CUCINA – Six Cryptocurrencies for 2018 and Beyond

“So here are six cryptocurrencies, dubbed CUCINA, which capture some of the above themes” writes unknown author for wordpress.com. An astute reader will notice that Airswap, Cindicator and Uptoken exist as ERC20 tokens, however the projects themselves are not intrinsically tied to the Ethereum platform.Disclosure: The author has a financial interest in various cryptocurrencies. Source: wordpress.com Share This:

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Crypto Markets News 

Litecoin Price Surges by 10% Again to $300 as Demand Skyrockets

“Over the past 24 hours, the Litecoin price has surged by nearly 10 percent, increasing from below $270 to $300” writes unknown author for cryptocoinsnews.com. At the time of reporting, the price of Litecoin remains above $300. “I would be happy if Litecoin stays at around $300 by the end of next year.The statement of Lee came after the price of Litecoin increased by nearly five-fold since November.On CNBC’s Squawk Box, Litecoin creator and former Coinbase executive Charlie Lee stated that he would be satisfied if the price of Litecoin…

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Crypto News Stocks 

Bitcoin and cryptocurrencies are the new asset class to guard against

“One of the most amazing things about bitcoin is that it has survived all the shady dudes, big-name arrests and major price crashes” writes Cody Willard for marketwatch.com. That said, I admit I’m pretty amazed at the mania around bitcoin and cryptocurrencies.Riot Blockchain was a biotech penny stock with a tiny market cap that didn’t do much business.Just last year, the company was changing its name from “Venaxis” to “Bioptix.” Now apparently they are a blockchain company. The CEO of Riot Blockchain is the same guy who was the CEO…

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Crypto News 

Bitcoin ‘Keeping Me Awake at Night’: Bank of Canada Governor

“U.S. Federal Reserve Chair Janet Yellen may not think that cryptocurrencies play much of a role in the economy, but the head of the Bank of Canada said that the hype surrounding bitcoin keeps him awake at night” writes unknown author for cryptocoinsnews.com. Rather, he said, cryptocurrencies are structurally more akin to high-risk securities, although purchasing them resembles gambling more than investing. “So, what are cryptocurrencies, exactly?. For something to be considered a currency, it must act as a reliable store of value, and you should be able to spend…

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Crypto News 

Mexican Authorities Call ICOs Illegal, Cryptocurrencies Risky

“According to El Economista, the legislature will not regulate bitcoin and cryptocurrencies themselves” writes unknown author for cryptocoinsnews.com. CNBV, the country’s securities regulator, joined other government authorities in stating that Mexico does not recognize cryptocurrencies as a legal form of payment.Only seasoned investors should experiment with cryptocurrencies, authorities said, adding that they should be on the lookout for signs of fraud. Source: cryptocoinsnews.com Share This:

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Crypto News Stocks 

South Korean Investors Now Prefer Cryptocurrencies Over Stocks

“So, the digital coin market is more driven by individual investors than the KOSDAQ market” reports financemagnates.com. Now with a recent report published by Business Korea, it seems that small investors are ditching the conventional stock market and pouring their money into the volatile cryptocurrency market instead. Source: financemagnates.com Share This:

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Crypto News 

The booming cannabis industry has a serious cash problem — and cryptocurrency isn’t the solution

“The rapidly-growing cannabis industry has a cash problem, but dispensary owners around the country say cryptocurrency isn’t a miracle solution” writes Jeremy Berke for businessinsider.com. While both cryptocurrency and the legal cannabis industry are still relatively new, it’s not yet clear whether the two are a match.It all adds up to cannabis companies paying an effective tax rate of 65 to 75%, according to the New Federalism Fund, a nonprofit organization advocating for the cannabis industry.Still, some dispensaries and cannabis companies are starting to experiment with cryptocurrency. Source: businessinsider.com Share This:

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