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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Our region needs tech workers. So why do so many of our skilled graduates look elsewhere for jobs?

“We had almost 14,000 digital tech degree graduates more than we had regional digital tech jobs filled” reports washingtonpost.com. Digital tech workers are among the highest paid in the country, and expanding digital tech employment drives the growth of leading regional economies.Moreover, it appears that our region educates digital tech workers who take their educations elsewhere when they look for work.Taken together, digital tech jobs and digital literacy are highly important.Evaluated against these two realities—the need for digital tech workers and a broader workforce that is digitally competent—our region has…

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Gemalto, which makes SIM and smart cards and provides IT security, agrees to ~$5.4B buyout by French conglomerate Thales, a 57% premium over 12/8 closing price

“Another branch of its business is in enterprise security, including encryption and cloud security services” writes Hours Ago Ben for techcrunch.com. Digital security solutions provider Gemalto has agreed to a €51 per share acquisition offer from French aerospace and defense group Thales — in a deal worth around $5.43BN. The unanimously board approved all-cash offer represents a premium of 57% over the closing price of Gemalto stock as of 8 December 2017.It adds that the integration of Gemalto “strongly accelerates” this strategy, reinforcing its digital offering across its five vertical markets.The…

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Crypto News 

As Bitcoin, other currencies soar, regulators urge caution

“The proposal would place all retail commodities trading in digital currencies like bitcoin under CFTC jurisdiction, with some exceptions” reports foxbusiness.com. The world of bitcoin and digital currencies can be split into large branches.The public’s interest in all things bitcoin and efforts by entrepreneurs to fund their businesses with digital currencies is starting to draw more attention from regulators.But in the case of bitcoin and other digital currencies, retail investors were among the first to invest.The head of the Securities and Exchange Commission this week warned investors on the risks…

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Crypto News 

How virtual bitcoin production is ‘killing the planet’

“However, it has emerged that the production of bitcoins uses so much energy it threatens to seriously harm the planet” writes Patrick Sawer for telegraph.co.uk. Existing only in the digital sphere but currently worth a fortune, it is the virtual currency that has gone mainstream in recent weeks. Total electricity use in bitcoin mining has increased by 30 percent in the past month, according to accounting firm PwC.In recent months investors have flocked to the currency that exists only in cyberspace and is traded directly from person to person. Source: telegraph.co.uk…

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Crypto News 

Why Denmark wants to use blockchain and cryptos to fight for human rights

“That would make Denmark the first donor country in the world to transfer aid by using cryptocurrencies” writes Markets Reporter for marketwatch.com. The report was written in collaboration with think tank Sustainia and blockchain currency platform Coinify. “There [are] huge opportunities in bringing the technological development into play in development cooperation.However, as cryptocurrencies and blockchain — their underlying technology — gather more traction, more uses start to spring up, such as the Danish report suggest. Source: marketwatch.com Share This:

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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 

Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

“A cheer went up in the San Francisco offices of cryptocurrency exchange Coinbase Inc. when bitcoin breached $10,000 in November” writes Lily Katz Rob for bloomberg.com. Three traders who lost money margin-trading on GDAX told Bloomberg they didn’t meet the requirement.More than 10 million customers have used the company since it began, though it recently quit updating the tally on its website.Making Sense of Bitcoin and Its Wild Price Ride: QuickTake Q&A While individual investors make up most of Coinbase’s customers, a handful of institutions drive a majority of trading…

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