Cryptocurrencies Market Overview - December 04, 2017
Remember when the internet bubble bursted in the year 2000 and everyone stopped using the internet? ....... Oh wait... That never happened?... Cryptocurrencies are here to stay guys! Bubble or no bubble.
Today in the news:
- Cboe Global Markets is leaping ahead of CME in an effort to become the first to launch bitcoin futures. The Chicago-based exchange will launch Bitcoin futures next Sunday, December 10.
- IOTA price reaches new all-time high of $2.4 after launch of data marketplace.
- Coinbase has revealed its plans to integrate Segregated Witness (SegWit) in the short-term.
- China’s central bank believes bitcoin will die.
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Latest Crypto News - December 04, 2017
Cboe Beats CME to the Market, Will Launch Bitcoin Futures December 10
Very few people would have imagined just a year ago the rapid pace of bitcoin adoption by established financial institutions today. We are now seeing two of the largest exchange holding companies in the world, CME and Cboe, racing to be the first to answer Wall Street’s appetite for bitcoin derivatives – and Cboe just got a leg up on its rival.
Read more: bitcoin.com
Other sources:
Cryptocurrency IOTA rallies after launch of data marketplace
A digital currency has added more than $3 billion to its market value after the firm behind it said it was teaming up with a number of big tech firms, including Microsoft and Samsung on a "data marketplace.". Called IOTA, the cryptocurrency saw a spike on Sunday evening, rallying just over 70 percent in the last 24 hours.
Read more: cnbc.com
Other sources:
- IOTA Price Reaches New All-time High of $2.4 (Themerkle)
Venezuela Announces the Creation of Oil-Backed National Cryptocurrency – the Petro
Venezuela’s president Nicolás Maduro has announced the creation of the country’s national cryptocurrency. It will be called the Petro and will be backed by the nation’s oil, gold, gas, and diamond reserves.
Read more: bitcoin.com
Other sources:
- Venezuelan President Announces 'Petro' Oil-Backed Cryptocurrency (Coindesk)
- Facing Hyperinflation, Venezuela to Issue Oil-Backed Cryptocurrency (Cointelegraph)
Bitcoin: UK and EU plan crackdown amid crime and tax evasion fears
The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.
Read more: theguardian.com
Gold Mining Company’s Shares Jump 1,300% After Switch to Bitcoin
With the exponential growth in bitcoin’s price this year and ‘blockchain technology’ becoming the hottest buzzword in the business world it is not surprising that investors are betting on everything crypto-related. The allure of capitalizing on this attraction is so strong, now even regular mining operators are jumping in – and even succeeding in rebranding themselves as bitcoin companies.
Read more: bitcoin.com
Coinbase Reveals SegWit Integration, Developers Working On Bitcoin Infrastructure
Coinbase, the global cryptocurrency market’s largest brokerage and Bitcoin wallet platform with more than 10 mln users, has revealed its plans to integrate Segregated Witness (SegWit) in the short-term. On social media, the Coinbase team wrote “We're working on SegWit support and will have a public update soon,” adding that the company is hiring more Bitcoin developers to develop the Bitcoin infrastructure of Coinbase.
Read more: cointelegraph.com
Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges
The Japanese Financial Services Agency has approved four more cryptocurrency exchanges to legally operate in Japan. This is the second round of approvals by the agency; the first was for 11 exchanges in September.
Read more: bitcoin.com
Bitcoin Futures Could Trigger a Lehman-Style Collapse, Billionaire Warns
Bitcoin prices soared to a new high last week on the news there will be a futures market for the currency starting on Dec. 18. But not everyone is optimistic. According to billionaire Thomas Peterffy, CEO of the brokerage giant Interactive Brokers (IBKR, +2.86%), there’s a small but very real possibility that a futures market for the volatile crypto-currency will cause the financial system to buckle and trigger a crisis similar to 2008.
Read more: fortune.com
Tesla S Owner Uses Their Car to Mine Bitcoin
Just when Bitcoin miners thought mining on the phone and hydro mining were revolutionary, an owner of a Tesla S electric car model is using the free power from the supercharger of his vehicle to mine the leading cryptocurrency Bitcoin. To do this, the owner installed a Bitcoin mining computer in the trunk of the car. The mining rig is then charged by the car’s supercharger while it mines Bitcoin.
Read more: cointelegraph.com
China’s central bank believes bitcoin will die
China once dominated the bitcoin markets, accounting for over 90% of global trading. But in September, its central bank banned initial coin offerings (ICOs) and stopped cryptocurrency exchanges from serving local customers. Looking back at the crackdowns, Pan Gongsheng, a deputy governor of the People’s Bank of China, believes Beijing made the right decisions.
Read more: qz.com
Other sources:
South Korean Financial Authorities Plan to Regulate Bitcoin Exchanges Soon
Unverified rumors on the South Korean government’s potential crackdown on cryptocurrency trading circulated around online Bitcoin communities over the past few days. Currently, the South Korean government remains highly optimistic in regards to the growth of the local Bitcoin industry and has recently announced its plans to introduce a nationwide regulatory framework for Bitcoin exchanges and brokerages.
Read more: cointelegraph.com
How will Bitcoin feel in 2018?
Source: Cointelegraph