🗞 Daily Crypto News, December 1st 💰
- Exchanges Struggle With Massive Influx of Users
- Billionaire Carl Icahn Doesn’t Get Bitcoin, Sees A Bubble
- Bitcoin ABC Developers Unveil Mid-Term Roadmap
- World Computer? New Protocol Could Supercharge Ethereum's Blockchain
- Bitcoin Is an Emerging Systemic Risk
- BTC Trading Update by @cryptopassion
🗞 Exchanges Struggle With Massive Influx of Users
A rollercoaster ride of a week for Bitcoin has seen exchanges suffer outages as current and new users clamored to trade the sought-after virtual currency.
Popular exchange Coinbase and other exchanges saw a massive surge in the volume of traffic on their exchange - causing delays for users on their platforms.
Read more & Source: https://cointelegraph.com/news/exchanges-struggle-with-massive-influx-of-users
🗞 Billionaire Carl Icahn Doesn’t Get Bitcoin, Sees A Bubble
"If you read history books about all these bubbles, like in Mississippi — where John Law went around selling all this land in Mississippi that was sort of worthless and the French were going crazy giving him all this money. And then one night it all blew up ... to me, this is what this is.”
Read more & Source: https://cointelegraph.com/news/billionaire-carl-icahn-doesnt-get-bitcoin-sees-a-bubble
🗞 Bitcoin ABC Developers Unveil Mid-Term Roadmap
Bitcoin ABC has quickly become the go-to client for Bitcoin Cash users. It is a very versatile project, and its developers recently unveiled their mid-term development plans. Things are looking pretty good for users of this client, as a few big changes are on the horizon. Advancing Bitcoin Cash will be a big challenge, but the roadmap seems to check a lot of the right boxes. Whether or not all these updates will actually be implemented within 12 months remains to be seen.
Read more & Source: https://themerkle.com/bitcoin-abc-developers-unveil-mid-term-roadmap/
🗞 World Computer? New Protocol Could Supercharge Ethereum's Blockchain
"When so many people have eyes on the papers, over time, you get more and more confident that it's correct, but it's always an ongoing process for these things that are living systems... Now, we go another layer down the protocol rabbit hole, it's this iterative process of getting deeper and deeper into this."
Read more & Source: https://www.coindesk.com/world-computer-new-protocol-supercharge-ethereums-blockchain/
🗞 Bitcoin Is an Emerging Systemic Risk
"In the current environment, there are a number of ways such a shock could arise. To begin with, I seriously question the intermediaries’ and traders’ ability to top up their USD holdings quickly enough to catch up with their depositors’ and counterparties’ paper gains in bitcoin. There is also the possibility that, in the event of a correction or an enforcement action, a risk-averse bank to a major service provider withdraws either credit or banking services to that provider, compromising that service provider’s ability to convert BTC into dollars, provide margin lending, or even to hold fiat deposits at all."
Read more & Source: https://www.coindesk.com/bitcoin-emerging-systemic-risk/
BTC Trading Update by @cryptopassion
The BTC is forming a nice triangle pattern :
As always no one can be 100% sure of the direction that the Break Out will take.
The safest way to trade it is the following :
- Wait the start of the Break Out (UP or DOWN)
- Enter your position by following the trend
- Determine your profit target when you know the price of your entry
- Wait and adapt if needed your profit target to sold your position with I hope a nice profit.
🗞 Daily Crypto News, November 30th💰
🗞 Daily Crypto News, November 29th💰
🗞 Daily Crypto News, November 28th💰
Can confirm the problems with Coinbase. People are rushing in to get a piece of the cake.. Hold on to your butts!
Bitcoin bounced back on Friday, after an eventful week for cryptocurrency, while CME Group (NASDAQ: CME) confirmed the launch of futures in two weeks.
On Bitfinex stock exchange based in the United States, Bitcoin is at $ 10,525.00 at 9:41 AM ET (14: 41GMT), up 6.24% after touching $ 10,760 earlier.
"As of Sunday, December 17, 2017, with a view to Monday, December 18, 2017 and pending any relevant regulatory reviews by the CFTC, the Chicago Mercantile Exchange Inc. (" CME "or" Exchange ") will establish the Bitcoin Futures Agreement. (code: BTC, chapter 350) for trading on the CME Globex electronic trading platform, and for clearing bid via CME ClearPort, "announces the stock market in a press release.
CME and its competitor Cboe had already announced that they would release both bitcoin futures this year, while Nasdaq also planned to launch its own derivatives contract in 2018.
Bulls' hope for digital currency is that the launch of futures will allow institutional investors to enter the game because they are generally not allowed to invest in unregulated assets. The launch of futures contracts can change the game because these exchanges are all closely supervised by the regulators.
Good