🗞 Daily Crypto News, November, 2nd 💰

in #bitcoin8 months ago

  • Regulated ETH Futures? Not So Fast ;
  • How Many More Birthdays Until Bitcoin Wins? ;
  • Former US Congressman Ron Paul Receives His First Bitcoin ;
  • United States National Debt Hits 23 Trillion — Over $1M Per Bitcoin ;
  • Bitcoin’s First Monthly Gain Since June Spells Bullish for Q4 2019 ;
  • 🗞 Daily Crypto News, November, 2nd💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Regulated ETH Futures? Not So Fast

Earlier this month, Heath Tarbert – the new chairman of the U.S. Commodity Futures Trading Commission (CFTC) – declared that ether, the token of the ethereum blockchain, was a commodity.

This is significant, coming from the regulator of one of the largest derivatives markets in the world. Why? Because it opens the door to the possibility of regulated ether derivatives in the near future. The chairman was even more specific: “I’d say it is likely that you would see a futures contract in the next six months to a year.”

The market got excited because this would enhance the token’s appeal to institutional investors. Derivatives enable hedging, which is a significant part of portfolio management and a solid support for long positions. A lively derivatives market, the reasoning goes, will encourage more investment, which will boost the price, which will encourage more investment, and so on.

🗞 How Many More Birthdays Until Bitcoin Wins?

Bitcoin just turned 11 and it’s worth looking at what this technology has achieved. First, some context.

Facebook is 14 while Twitter is 13. Linux is 28. The World Wide Web – the network you’re reading this on – is 30. TCP/IP is about 44 years old, depending on whom you ask.

If you’re into a bitcoin, you’re most likely 18 to 34 years old, according to pollsters at the Global Blockchain Business Council. And you probably joined the bitcoin party about five years ago and own some fraction of or even a full coin. Some of you own many, many more.

I’m about as old as TCP/IP. I’m part of the generation that saw computing’s evolutionary bloom. If you’re younger, you’ve gotten used to modern networking technology and you don’t remember a time when everything wasn’t done on a screen. You were there for the birth of bitcoin.

🗞 Former US Congressman Ron Paul Receives His First Bitcoin

Former Texas Republican congressman and presidential candidate Ron Paul received his reportedly first Bitcoin (BTC) from Bitcoin Foundation board member and Bitcoin wallet startup Ballet Crypto founder, Bobby Lee, on Oct. 28.

Ron Paul now owns a gold plated Bitcoin wallet

Lee publicly announced the gift he had given to Paul on Nov. 2, noting that the coin has been loaded into a gold-plated Bitcoin wallet produced by his company Ballet Crypto. He added that extra care has been given to customizing the wallet to better suit the former congressman:

“It was a special serial number AA000820 to match his birthday! And he loves the #Gold color.”

🗞 United States National Debt Hits 23 Trillion — Over $1M Per Bitcoin

The United States national debt is now over $23 trillion, according to website U.S Debt Clock.

It is also worth noting that the debt per United States citizen is $69,724 and that the debt to gross domestic product ratio is 106.65%.

The milestone has been pointed out on Nov. 1 by Bitcoin advocate Twitter personality Rhythm, who also said that every dollar of U.S. national debt is, in fact, a reason to buy Bitcoin (BTC). Another user presented another interesting take adding:

“That’s more than $1,000,000 debt per 1 Bitcoin.”

[🗞 Bitcoin’s First Monthly Gain Since June Spells Bullish for Q4 2019

](https://cointelegraph.com/news/bitcoins-first-monthly-gain-since-june-spells-bullish-for-q4-2019)

Bitcoin price (BTC) closed out October at $9,150, which represents the first monthly gain since June. October also brought new lows of $7,300, which was met with a memorable swing of around 40% back up to highs of $10,350.

So far, Friday has brought a small gain to Bitcoin price of around 0.39%, but down over the previous 24 hours by 1.61% with the retrace also being seen among the other major coins.

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Monthly Bitcoin price chart

The Bitcoin chart clearly shows that BTC has been selling off since making highs of almost $14,000 back in June.

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🗞 Daily Crypto News, November, 2nd 💰

  • Kambria (KAT)

Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!

  • ABBC Coin (ABBC)

"Users will be provided with a new one-on-one service platform on Saturday."

  • Enjin Coin (ENJ)

"ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers' blockchain addresses..."

  • 3DCoin (3DC)

3DCoin weekly AMA on Telegram from 21:00-23:00 (UTC+04).

  • uPlexa (UPX)

PoS/PoW split (Utility nodes ie. master nodes) - Upcoming Anonymity Network much like TOR - Privacy-based DApps - Reduced network fees.

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STEEM Trading Update by my friend @cryptopassion

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