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Cryptocurrency, Stablecoins–With Bitcoin making a shaky climb closer to $4000, the entire industry of cryptocurrency is still reeling from hitting a relative low on the year last week. Since the start of the year, the number one cryptocurrency by market capitalization is down nearly 80 percent since peaking close to $20,000 in December 2017.
Bitcoin (BTC), Cryptocurrency–With Bitcoin making a shaky climb closer to $4000, the entire industry of cryptocurrency is still reeling from hitting a relative low on the year last week. Since the start of the year, the number one cryptocurrency by market capitalization is down nearly 80 percent since peaking close to $20,000 in December 2017.
Whilst we are battening down hatches, and wrapping ourselves up for protection against the present crypto-winter, remember one thing. All is far from perfect in fiat-land around the globe… and Bitcoin is currently quite the bargain as the stock market is looking shaky once again. First Stop – France Macron’s recent tax-hikes have seen Paris and other cities burn, as protesters take to the streets.
Carol Goforth is a professor at the University of Arkansas School of Law. She recently published a paper about the consequences of having cryptocurrency regulations fall under a number of conflicting laws, defined by various U.S.
Binance Chief Speaks On DEX — BNB Like Ethereum (ETH) As reported by Ethereum World News last week, Changpeng Zhao, CEO of the world-renowned crypto startup that is Binance, recently sneak peaked its most promising venture yet, the so-called “Binance Chain” and the decentralized exchange (DEX) that will be based upon it.
Tether (USDT) has recently found itself among the top five cryptocurrency assets by market cap – despite its own declining capitalization – due in part to the dramatic demise of other top currencies such as Bitcoin Cash and EOS. That’s particularly notable since Tether has shed around $700 million in assets since September – which The post Crypto Downturn Thrusts Tether into Top 5 in Market Cap Rankings appeared first on CCN
Abu Dubai’s National Oil Company has announced a partnership with IBM to pilot an oil tracking system that uses blockchain technology. Blockchain will reportedly help cut down on transaction time and promote efficiency across the value chain.
South Korea’s second-largest commercial bank, Shinhan Bank, has begun working on a blockchain-based angle in reducing human errors in banking processes. It is the latest in a string of blockchain initiatives being pursued by a growing number of financial institutions as information technology pursues tighter integration with traditional financial services.
Tron foundation’s founder and CEO, Justin Sun released the foundation’s weekly report on Twitter on December 10. The report contained an overview of Tron Foundation’s progress in the past week.
Crypto Market Slows After Imbroglio Although selling pressure eased off crypto markets over the weekend, Bitcoin (BTC) and altcoins are still in the midst of stormy seas. BTC has found itself stagnant at $3,375, seemingly caught in an inflection point between a short-term bounce and lower lows.
Former IMF Chief Economist and current Harvard University Professor of Economics and Public Policy Kenneth Rogoff believes that bitcoin and other cryptocurrencies currently amount to little more than “lottery tickets” at this moment in time. Writing in the Guardian on Monday, Rogoff stated that while some believe that cryptocurrencies have had their day and are The post Bitcoin Nothing More Than a ‘Lottery Ticket’: Harvard Economist appeared first on CCN
With cyberattacks on the rise, Gibraltar Blockchain Exchange (GBX) has announced an insurance policy to cover its digital assets in partnership with Gibraltar-based Callaghan Insurance. Cryptocurrencies held in both the hot and cold wallets of the trading platform will be insured.
HTC’s “first native blockchain phone” will use Brave as its default internet browser
The whole cryptocurrency market has been dwindling ever since they reached their highest point earlier this year, January 2018. The crash has resulted in all the major cryptocurrencies losing more than 80% of their value.
Months after publishing a “blockchain call” to startups that could benefit humanity, the United Nations International Children’s Emergency Fund (UNICEF) has invested in six blockchain startups. In January 2018, UNICEF called for early-stage technology startups that were registered in one of UNICEF’s programme countries.
Seven South Korean crypto exchanges set up a debate in the country’s National Assembly to discuss crypto regulation
Experiencing the current general market uncertainty, many crypto-enthusiasts and traders ask themselves more often which coin will turn as true value in the years to come.
A goodbye note from Deblock’s now-former Head of Research revealed the progress of their ICON blockchain project in all these months. And they looked extremely positive.
A member of the British Parliament wants UK residents to be able to pay their local taxes and utility bills using bitcoin. Eddie Hughes, a conservative MP (member of Parliament) for the Walsall North constituency, said this would be a great first step toward mainstream adoption of crypto.
On 10th December, the leading cryptocurrency exchange in the world, Binance, published a report that outlined the weekly success and developments in the ecosystem. In this round-up, the exchange listed the preview of DEX, the launch of the sub-accounts feature, CZ’s speech at Forbes Asia Forum and the Binance tattoo, and more.