Key Facts Of The Day 8.11.2018

Twitter Starts Massive Crypto Sweep

The crypto community has noticed that the popular microblogging service Twitter is massively deleting various cryptocurrency accounts. This can be seen simply by following the number of subscribers among popular market representatives.

Last week, from October 29 to November 1, the Binance and OKex cryptocurrency exchanges lost almost 3,000 subscribers, Coinbase 1,929, Bitfinex 1,473, Bitstamp 1,247, OKCoin 511, ICO project Stratisplatform more than 840, and WePower — 755.

France to Ease Tax Regime for Crypto Owners

French parliamentary finance committee of the lower house supported the plan to ease the tax burden on operations with cryptocurrencies and adopted an amendment to the draft law on the country's budget for 2019.

For the amendments to take place, the entire budget must be approved in Senate, the upper house of parliament. The parliament meeting is scheduled for next week, during which the issue will be considered. Now, if the upper house accepts the amendment, then next year, crypto owners in France will pay less for their digital assets.

Huobi Research: Bitcoin Trading Volume Grows as Transactions Stall

Huobi Group, one of the leading cryptocurrency exchanges in the world, has published its weekly review dubbed ‘Huobi Blockchain Big Data’ regarding the statistics of the past week. Analyzing the data related to the cryptocurrency market indicators during the period from the last week of October, the report unveils the current social media and crypto market trends. It also features the exchange fees per transaction, dispersion of riches on chose blockchain protocols, the circulation of crypto, Dapp, and the trending crypto catchphrases.

So, according to the report, the costs of crypto have diminished, and the trading volume has risen drastically.

What Else:

Crypto Markets Down - Jeff Sessions Firing to Blame?

Despite all the positive news, crypto markets seem to be heading back into a slow downturn. This time it seems that it’s got nothing to do with the crypto world itself, but rather with the U.S. Midterm Elections and all the Jeff Sessions - “you’re fired!” business.

McAfee Gets Tattoo of Skycoin on His Back

John McAfee made a tattoo of the coin called Skycoin, the cryptocurrency that he is promoting, on his back and published a video of making it in his official Twitter account.

Pro-Blockchain Jared Polis Becomes Governor of Colorado

Republican Jared Polis won the gubernatorial elections in Colorado. He has a five-point plan for making Colorado “a national hub for Blockchain innovation in business and government.”

Meet Tesla's New Chairman - Robyn Denholm

U.S. leading tech and car manufacturer giant Tesla Inc announces the appointment of a new chairman of the board of directors, Robyn Denholm.

At 19:00 (GMT) total cryptocurrency market capitalization stands at $215.2 billion

Tether (+17.11%) showed the best growth in the top-10

ETERNAL TOKEN (+50.02%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $13.6 billion (-2.3 billion per day)

Mining Profitability