Bitcoin hits a new yearly low at the $3,388 mark driving the cryptomarket to 108 billion, down by nearly 10% in the last 24 hours. Altcoins followed as usually with their ongoing downtrend. All the market is in red except the stable coins and Bitcoin SV which is up by 20 percent in the last 24 hours.
While the market crashers furthermore Bloomberg reported many startups shutting down or reducing staff because of funding problems.
Another recent event before the last drop was the Securities and Exchange Commission delay of the VanEck’s ETF which was postponed until February 2019. This … Read the rest
During the 2018 bear market where bitcoin price plunged more than 80% from the ATH in December 2017, Bitcoin difficulty has been increasing steadily. Now seems that time came for the difficulty to feel the drop like all the cryptocurrency ecosystem.
According to data from Blockchain.com, the drop is by 15% in hash rate and mining difficulty. The hash rate is the total computing power in the bitcoin network and the difficulty is how easy is to mine a block.
Many speak about bitcoin death spiral in case miners stop mining bitcoin. But bitcoin by design is coded in a … Read the rest
The French movement (Yellow Jackets) and many people which are protesting from several days seem to be a decentralized movement which has no leader, no framework, no people in charge to be intimidated or crush the movement. Does this remind you about something? Maybe they got inspired by Satoshi and Bitcoin!
The protest in Paris is an interesting development in the world economics. People have enough of the inequality created by governments doing bad monetary policies.
… Read the rest
The protests in Paris are an interesting development for economic inequality around the world.
People are fed up with governments using the
Three new cryptocurrencies have been listed recently on Coinbase, 0x, BAT and ZEC. All resulted in pumps and dumps as usually happens and there is no surprise to that. But it is important to point to a new thing tied to this new listing on Coinbase and it is that new listings are being paired only by USDC and this thing may raise many questions.
Stablecoins are trying to overcome Bitcoin’s dominance
Today November 29 Bloomberg reported a police operation in the headquarters of the Deutsche Bank with two employees suspected for involvement in money laundering. The stock fell almost 5% following the scandal.
Deutsche Bank is known for its criticism to bitcoin calling it a risk for criDeutschectivity. The bank has been reported many times for links to the Panama Papers scandal, and they paid more than $18 billion in fines the last 10 years.
Bloomberg reported citing prosecutors:
Deutsche “may have helped customers in setting up seaward organizations in assessment sanctuaries.”
They also added:
… Read the rest
“Money obtained illegally may have been
When Bakkt announced their launch back in August many articles started popping out about Starbucks accepting bitcoin in the near future.
The news was not confirmed at the time and Starbuck merely expressed that it will have an important role in the development of applications that empower costumers to convert cryptocurrencies into cash.
However, at the time, Starbucks didn’t express to having any plans on accepting Bitcoin. But today, at the Consensus Invest, Kelly Loeffler, Bakkt’s CEO, said that Bakkt is working with Starbucks to give its clients more alternatives in their capacity to pay, especially with bitcoins.
… Read the rest