🗞 Daily Crypto News, December 4th💰

• Dutch Columnist: Bitcoin Destabilizes the Economy and Undermines Banks
• Bank of France Governor Warns on Bitcoin Risks
• It’s Not Really About Bitcoin Price Surging, It’s Fiat Currencies In Free Fall
• Sony Patent Filing Details Blockchain Use for Managing Education Data
• California Law Firm Provides Legal Counsel to Crypto Users
• BTC Trading Update by @cryptopassion

🗞 Dutch Columnist: Bitcoin Destabilizes the Economy and Undermines Banks

A Dutch columnist has come under flak for urging readers to sell their bitcoins because they’re “dangerous”. In a widely shared op-ed, the writer asserts that “bitcrash” is dangerous because it has no financial institution to monitor it and is a menace to the economy. The article has sparked intense debate as to whether it is satire or merely the latest case of bitcoin scaremongering.
Read more & Source: https://news.bitcoin.com/dutch-columnist-bitcoin-destabilizes-economy-undermines-banks/

🗞 Bank of France Governor Warns on Bitcoin Risks

Speaking at an event in China, Villeroy said that Bitcoin’s value and extreme volatility have no economic basis and those who invest in it do so entirely at their own risks.

"Its value and extreme volatility have no economic basis, and they are nobody's responsibility. The central bank warned that those buying Bitcoin "do so entirely at their own risk."

Read more & Source: https://cointelegraph.com/news/bank-of-france-governor-warns-on-bitcoin-risks

🗞 It’s Not Really About Bitcoin Price Surging, It’s Fiat Currencies In Free Fall

According to Stefan Molyneux, a highly regarded Canadian podcast host, it is more important to recognize the free fall of fiat currencies, more so than to acknowledge the exponential growth rate of Bitcoin.

Molyneux says:

“It's not so much that Bitcoin is going through the roof - it's that fiat currencies are in free fall, but only Bitcoin is noticing.”

Read more & Source: https://cointelegraph.com/news/its-not-really-about-bitcoin-price-surging-its-fiat-currencies-in-free-fall

🗞 Sony Patent Filing Details Blockchain Use for Managing Education Data

"In this example, the [blockchain], which is a trust chain, may be used to store information such as education experiences, certificates and so on of a user. The information contains, for example, studying which courses and possessing which certificates. In addition, based on concepts of a smart contract and a smart property, knowledge may also be exchanged, transacted and transferred via the block chain as a property."

Read more & Source: https://www.coindesk.com/sony-patent-filing-details-blockchain-use-managing-education-data/

🗞 California Law Firm Provides Legal Counsel to Crypto Users

Cryptocurrency enthusiasts are susceptible to losing funds in many different ways. Aside from human error, there are risks posed by failed ICOs, hacked exchanges, or other calamities. Taylor-Copeland Law is one of the first law firms specializing in these issues. We may be witnessing the creation of a new niche within the legal system as we know it today.

Read more & Source: https://themerkle.com/california-law-firm-provides-legal-counsel-for-crypto-users/

BTC Trading Update by @cryptopassion

Some hours ago, I was suggesting you to keep an eye on the BTC which was making a triangle pattern for which a nice Break Out was expected.

Here was the chart when I asked you to keep an eye on it earlier:

Here is the current chart :

So as expected, we did a very nice break out (after the Head Fake). We had a move of more than 500$ in some minutes !!!

🗞 Daily Crypto News, December 3rd💰
🗞 Daily Crypto News, December 2nd💰
🗞 Daily Crypto News, December 1st💰