🗞 Daily Crypto News, December 5th💰
- PBoC Governor Believes Bitcoin Will Die, But Chinese Market Disagrees
- Largest US Options Exchange CBOE to Enable Bitcoin Futures Trading by December 10
- Report Claims That 46% of All Funds Generated by ICOs Have Been Raised in Europe
- Loveable Digital Kittens Are Clogging Ethereum's Blockchain
- New York Assemblyman Proposes Digital Currency Task Force
- BTC Trading Update by @cryptopassion
🗞 PBoC Governor Believes Bitcoin Will Die, But Chinese Market Disagrees
“As Keynes has taught us, ‘the market can remain irrational longer than you can remain solvent.’ There is only one thing left to do: Sit by the river bank and see Bitcoin’s body pass by one day.”
"If we had not shut down Bitcoin exchanges and cracked down on ICOs several months ago, if China still accounted for more than 80% of the world’s Bitcoin trading and ICO fundraising...what would happen today? Thinking of this question makes me scared."
Read more & Source: https://cointelegraph.com/news/pboc-governor-believes-bitcoin-will-die-but-chinese-market-disagrees
🗞 Largest US Options Exchange CBOE to Enable Bitcoin Futures Trading by December 10
“Given the unprecedented interest in Bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the Bitcoin market. To promote this, we will initially offer XBT futures trading for free.”
“By some estimates there is $10B of institutional money waiting on the sidelines to invest in digital currency today. When we speak with these institutions, they tell us that the number one thing preventing them from getting started is the existence of a digital asset custodian that they can trust to store client funds securely.”
Read more & Source: https://cointelegraph.com/news/largest-us-options-exchange-cboe-to-enable-bitcoin-futures-trading-by-december-10
🗞 Report Claims That 46% of All Funds Generated by ICOs Have Been Raised in Europe
Research conducted by Atomico, a prominent European venture capital firm, claims that nearly half of all funds generated through initial coin offerings (ICOs) has been raised in Europe. The findings have been published in the third edition of Atomico’s State of European Tech Report.
Read more & Source: https://news.bitcoin.com/report-claims-that-46-of-all-funds-generated-by-icos-have-been-raised-in-europe/
🗞 Loveable Digital Kittens Are Clogging Ethereum's Blockchain
In its short lifespan, CryptoKitties has grown to make up 20 percent of all ethereum computations, a number that seems to still be growing.
"CryptoKitties is definitely a significant contributor to network congestion, and it may have been what pushed us over the edge from mostly-full blocks to full blocks in the last day or so."
Read more & Source: https://www.coindesk.com/loveable-digital-kittens-clogging-ethereums-blockchain/
🗞 New York Assemblyman Proposes Digital Currency Task Force
A few new bills have been proposed by New York state officials concerning the implications of blockchain technology and cryptocurrencies. One of the bills sponsored by the democratic assemblyman Clyde Vanel called bill AO8783 aims to create a “digital currency task force” that plans to monitor the “widespread implementation of digital currencies on financial markets in the state.”
Read more & Source: https://news.bitcoin.com/new-york-assemblyman-proposes-digital-currency-task-force/
BTC Trading Update by @cryptopassion
The BTC is forming a new 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, December 4th💰
🗞 Daily Crypto News, December 3rd💰
🗞 Daily Crypto News, December 2nd💰
🗞 Daily Crypto News, December 1st💰
Tell me something isnt investing into currency with lower market capacity will always be profitable??? bitcoin is making so much progress cz only 21 million coins are out thr so why not investing into currency with lower market cap today or tomorrow wont they go up???????
Of cours all currcies will go.
all currencies cant go up people wont buy currencies which u cant use
Well I was saying this was going to happen when a "killer" app would come out. People love Kittens and now you have the love clogging the already slow as balls networks to run this game. It's a clear indication of why ethereum is not going to be a contender in this form unless some major improvements are made to the EVM and processing speed. Things will be SOOOO SLOW