🗞 Daily Crypto News, December 7th💰

• Monero Developers Aim to Reduce Transaction Size by 80% or More;
• Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees;
• Austrian Government Backs New Blockchain Research Institute
• Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)
• Bitcoin Rockets Past $14,000 Astonishing Everyone
• IOTA Trading Update by @cryptopassion

🗞 Monero Developers Aim to Reduce Transaction Size by 80% or More

Standing still in the world of cryptocurrency will eventually lead to sudden demise. This is why the Monero developers are working on a new solution to reduce the network’s transaction size. If this effort is successful, transactions will become 80% smaller than they are now. The goal is to implement this change by September 2018 at the latest, although that date is subject to change.

Read more & Source: https://themerkle.com/monero-developers-seek-to-reduce-transaction-size-by-80-or-more/

🗞 Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees

"To date, every claim made by these bad actors has been patently false and made simply to agitate the cryptocurrency ecosystem. As a result, Bitfinex has decided to assert all of its legal rights and remedies against this agitator and his associates.”

Read more & Source: https://cointelegraph.com/news/steam-stops-accepting-bitcoin-payments-citing-extreme-volatility-fees

🗞 Austrian Government Backs New Blockchain Research Institute

"We are bringing together the expertise of the entire community, so that needs of our entrepreneurs can be incorporated into the agenda of the incoming administration. In Europe, Austria already has a leading role in the field of blockchain, having implemented an ambitious roadmap. Now we need to ensure that the next steps are taken and create sandboxes to promote real business applications. Otherwise the competitiveness of our business sector is impeded."

Read more & Source: https://www.coindesk.com/austrian-government-backs-new-blockchain-research-institute/

🗞 Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)

According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen.

Read more & Source: https://news.bitcoin.com/nicehash-mining-pool-allegedly-hacked-accused-of-losing-4449-btc-us60m/

🗞 Bitcoin Rockets Past $14,000 Astonishing Everyone

The price of bitcoin has once again reached a new price high on December 6 touching $14K across exchanges worldwide. The value touched an all-time high of $14,047 and quickly dropped to the $13,500 range shortly after. At the moment order books across exchanges are going wild.

Read more & Source: https://news.bitcoin.com/bitcoin-rockets-past-14000-astonishing-everyone/

IOTA Trading Update by @cryptopassion

Yesterday I was saying that the correction on the IOTA is imminent.

Here the chart that I was giving to you :

Here is the current chart :

As you can see my prediction was correct and we are going in the direction of the 3$.

We will have a touch on the MMA13 (green line) before any change of direction so expect some more down trend.

After the touch on the MMA13, you have to keep an eye because the Up trend could come back. I will keep you aware at that moment.

🗞 Daily Crypto News, December 6th💰
🗞 Daily Crypto News, December 5th💰
🗞 Daily Crypto News, December 4th💰
🗞 Daily Crypto News, December 3rd💰