Bitcoin News Summary – December 10, 2018

Here’s what happened this week in Bitcoin in 99 seconds. Bitcoin hit a new yearly low just below $3,300. Altcoins fared even worse, with Ethereum falling below $90 and Ripple below 30 cents. The total crypto market cap stands at $108 billion with Bitcoin’s value comprising 55% of that figure. The G20 member nations agreed to further regulate cryptocurrencies to prevent money laundering and terrorist financing. The G20 nations resolved to realize the technology’s benefits while mitigating its risks. Plans were also made up to increase taxation of the digital economy. Following the G20, the U.S. Department of the Treasury called for increased global oversight of crypto. Bitcoin’s mining difficulty saw its second largest decrease ever this week. Difficulty fell by roughly 15% to around 41 exahash per second. It’s clear that the price fall is causing some miners to turn off their machines. The US SEC (Securities and Exchange Commission) has once again delayed the approval of a Bitcoin ETF. The VanEck ETF has until late February to receive approval. A poll by job site, Humans.net, revealed that 38% of US-based freelancers regularly use cryptocurrency. 1,100 freelancers were surveyed, with the highest perceived benefit of crypto being its suitability …

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Report: Lightning Network Still Way off Being Ready for Commercial Use

Reviews The Lightning Network (LN) is a second-layer protocol that was long promised as a solution to BTC’s scalability problem. However, the off-chain system is still very far from being able to support actual commence according to a new review by business management technology company Scipio ERP. Also Read: The Daily: CEX.io Enforces KYC, Okex Updates BCH Ticker LN Is Incredibly Difficult to Use The report’s developers created a Lightning Add-on for Scipio ERP that provides businesses with the ability to use the system. They then tested the network in order to see if it was really ready for commerce. On the positive side, the tests confirmed that under best conditions payment confirmations were reached within 5-10 seconds. However, they also revealed many crucial flaws. LN makes it very hard to implement clustering, meaning running several redundant servers simultaneously, which is a critical feature for online retailers. Implementing it, in particular in a dynamic cloud setup, would require a lot of workarounds, the developers explain. The network has a bad user experience, in sharp contrast to that provided by most payment providers, who make the process of setting up and integrating as fast and painless as possible. The system is …

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What Bitcoin Did #55 The Bullish Case For Bitcoin With Vijay Boyapati

Published on December 11th, 2018 by DSholla Click to download audio version “Bitcoin is like gold but with this magical ability that you can teleport it.” — Vijay Boyapati Interview location: Skype Interview date: Tuesday 4th Dec, 2018 Project: Bitcoin 🙂 Bitcoin is a survivor. In the 10 years of the protocol, Bitcoin has survived the collapse of Mt. Gox, the closing of the Silk Road, the banning of Bitcoin by the Chinese government and relentless attacks from politicians, economists and journalists. With each attack, the Bitcoin immune system gets stronger, and with each market cycle, the infrastructure grows. In the last two years the network market cap peaked at nearly $300bn, futures have arrived, custody solutions have improved, and Lightning Network is in beta with a rapidly growing capacity. The potential of the Bitcoin network is enormous, and the Lightning Network offers scale which the base layer has been unable to provide. Together, Bitcoin can be both a global settlement layer for digital gold and a payment network better than the current fiat system. Vijay Boyapati highlighted the potential with his article The Bullish Case for Bitcoin, making a case for why it is the hardest form of money …

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Bitcoin Futures | NASDAQ Officially Confirms Launch in Early 2019

The world’s second-largest stock exchange in the world, the Nasdaq exchange, has officially confirmed its plans to launch Bitcoin futures in 2019. Late last week, unofficial reports surfaced of the exchange launching these plans, first reported by Bloomberg. Joseph Christinat, VP of Nasdaq’s media team, spoke to the UK’s daily tabloid The Express yesterday and confirmed the plans. The VP states that these futures will be listed and launched in the first half of 2019—no official date has been given at this time. Nasdaq Bitcoin Futures The launch still remains subject to approval from the US Commodity Futures Trading Commission (CFTC). Christinat told The Express: “We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time—way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.” This is a positive announcement for crypto enthusiasts. Most crypto-related projects that sprouted up in 2017 were knee-jerk reactions to what was hot in the market. This, however, seems like a thoroughly thought out plan that has been brewing for a while. Joseph Christinat’s interview did …

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All you need to know about the ICO Catalog | CryptScout.com

  Cryptocurrency showed immense potential in 2017 and as a result, more and more people started investing their money into ICOs. According to research, ICOs in the United States raised more than $7.4 Billion in funding. ICOs are a great way to support the new ideas but the main problem with the ICOs these days is that the majority of them are not real, they lack the leadership and they often fail. In this post, we will tell you about the “ICO Catalog” which is one of its kind services and it helps you to find the authentic ICOs and also provide information which can help you make an informed decision. Let’s get started. What is ICO Catalog? ICO Catalog is an independent ICO Assessment platform which has a team of Crypto Experts which can help you to find the perfect ICO for your investment. The Platform uses the different parameters like Traffic, Backlinks, User’s Activity etc. to check if the ICO is authentic or not. The platform also collects this information on a daily basis and also ensure that the information is reliable. ICO Catalog Methodology There are hundreds of ICOs presented each month and it is almost impossible …

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A Tough December All Around

The cryptocurrency market is taking a tumble again today, marking another crypto downturn for what has been a tough December. BTC has fallen another 11% in the last 24 hours. It had previously fallen 8% only one week ago today. At the time of writing, the world’s largest coin is selling for $3,287 USD. Cryptocurrency Downturn Ripple and Ethereum, the second and third largest cryptocurrencies by market value, have also declined in the last 24 hours. And the losses are great; XRP fell 10.16% and Ethereum an even bigger 15.56% according to Coinmarketcap.com. The market has been in the midst of a general bearish trend that began in November. It seems that the general feeling out there is a negative one and it doesn’t seem to be letting up anytime soon. According to Zennon Kapron, director at financial technology consultancy Kapronasia: “As the market is heavily retail driven, it’s very much at the mercy of group sentiment which causes huge swings. Without any positive drivers in the near future, this could continue well into 2019.” The crypto industry has seen its entire market cap drop almost 86.92% from its highs in January. It has been a particularly tough year. Cryptocurrency …

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World of Ether is Now Live

The highly anticipated crypto-collectibles dApp, World of Ether (WoE), has officially launched its mainnet! World of Ether is LIVE!! Start exploring at https://t.co/gzqosL76JV pic.twitter.com/cxM9p7ZYyN — World of Ether (@WorldofEther) November 24, 2018 World of Ether World of Ether is a blockchain-based game that is centered around collecting, breeding, fighting, and selling monsters. The developers behind the game have created a multi-level rich, interactive world, held entirely on the Ethereum blockchain. WoE is very similar to that of Pokemon, where there are five different ‘types’ of monsters. Each type holds its own advantages and strategies. As well as types, these monsters hold four grades of rarity: common, uncommon, rare, and legendary. Legendary monsters are extremely difficult to obtain but are extremely valuable and powerful. Few players in the game will ever encounter them. However, battling your monsters gives you higher experience in the game and increases your chances of breeding rare monsters. Unlike Pokemon, the monsters in the game don’t level up, the players do. That’s the main difference. Each monster in World of Ether was hand-drawn and created by the game’s artist, Cynthia Williams. This is another feature that makes the game stand out among the rest.  Initially, there will be 200 …

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Bitcoin News Summary – November 26, 2018

Here’s what happened this week in Bitcoin in 99 seconds.    Overstock plans to sell its decades-old retail business in the next few months to focusing on its multiple blockchain-oriented startups. As a result of the announcement shares of Overstock surged as much as 26 percent although the stock is down 66 percent this year. The CEO of Bakkt, a crypto exchange is run by the operators of the New York Stock Exchange announced a delay in the exchange’s launch. Bakkt is expected to channel major institutional investment into Bitcoin. The exchange is pushing out their launch date to January 24th, 2019, in order to upgrade their security with deposit insurance and cold storage. Tobacconists in France will be able to sell bitcoin from the first day of 2019. French startup Keplerk will provide the infrastructure necessary for the sale of crypto. Giga Watt, A major US mining company declared bankruptcy. The company owes over $7 million in debt. The move shows the financial strain on miners as well as the ICO industry – in mid-2017 Giga Watt launched an ICO which raised $22 million. Giga Watt was subsequently sued for conducting an unregulated securities offering. Finally, Bitcoin’s daily …

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Bitcoin Mining Doesn’t Fuel Climate Change, it Benefits the Global Economy

Mining The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as an electricity buyer of last resort,” contrary to the mainstream media construct of it being an environmental menace. Also read: Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court  ‘Buyer of Last Resort’ In its report, “The Bitcoin Mining Network,” Coinshares said that the multibillion-dollar cryptocurrency mining industry is using a lot of excess clean power in China, where the government has poured billions of dollars into the development of solar, wind and hydroelectric power plants. China accounts for 60 percent of global bitcoin mining. Renewables also dominate in mines throughout the Pacific Northwest, in U.S. states such as Washington and Oregon, as well as the Canadian province of British Columbia. And there are many miners using renewable energy in Scandinavia, a region that extracts about 35 percent of the global bitcoin total. But China’s large-scale investments in the energy sector have strained electricity networks, leading …

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What Bitcoin Did #52 Exploring Crypto Narratives With Nathaniel Whittemore

Published on November 30th, 2018 by DSholla Click to download audio version “The business model for surveillance, which can be used for ill, is advertising.” — Nathaniel Whittemore Interview location: Skype Interview date: Wednesday 28th Nov, 2018 Company: NLW & CO Role: Lead The crypto industry is blessed with many smart thinkers and content producers. Across Twitter, Medium, news sites and blogs there is a regular supply of thought pieces and analysis where contributors speculate on the future of the industry. There are often opposing views which can stretch to disagreements and impassioned debates. Keeping up with all this content can be difficult, which is why Nathaniel Whittemore’s Long Reads Sunday has become an essential follow for anyone in the industry. Nathaniel carefully curates all the news, articles and discussions into a super thread of threads on Twitter where he carefully knits together the narratives from the week into a coherent story. Nathaniel came on the podcast this week to discuss Long Reads Sunday and other key narratives, from the problems with crypto marketing to how technology is advancing faster than society can adapt. This episode is also on: Listen to more What Bitcoin Did episodes Views: 724 Source

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