Bakkt Postpones Bitcoin Futures Launch
The planned launch of Bakkt bitcoin futures postponed to January 29, 2019 by New York Stock Exchange’s (NYSE) operator, Intercontinental Exchange (ICE).
Initially, the launch was scheduled to take place on December 12. The product will be USD-only daily bitcoin futures with physical delivery of the asset.
Hard Fork Reason for Crypto Market Suffering?
Bitcoin cash hard fork resembles an avalanche that turned out to be miners, traders, and the entire industry. The value of major digital currencies falls along with the overall capitalization of the crypto market. Mining becomes unprofitable and hash rates are decreasing.
But is it worth blaming for these events only hard fork? Recall that as a result of BCH hard fork two competing chains were formed - bitcoin ABC and bitcoin SV. New cryptocurrencies staged a “hash war”. Initially, bitcoin ABC was confidently leading in this competition, but then the confidence in its final victory was shaken. Now, the stable leadership has returned to bitcoin ABC.
Silence Breaks: India to Present Draft Bill on Crypto Next Month
Indian authorities are ready to present a draft version of crypto regulation in the country. It will be published in December and discussed till January 2019. According to the publication in Quartz, the bill will be introduced by the commission, created a year ago by the Indian Ministry of Finance. The document will describe the plan on how the authorities propose to regulate the cryptocurrency turnover and use blockchain in the financial system.
This became known during the trial between the state and crypto companies, which consider it illegal to restrict their activities in the country.
Hard Fork Guide: Basic Questions You’d Like Answered
It is time to sum up the interim results and answer the most basic questions related to the bitcoin cash hard fork. If you don’t understand what is happening now, after the BCH blockchain has split, we have prepared a brief "guide" for you.
What happened? On November 15, BCH hard fork was held, which was divided into two currencies - bitcoin ABC (BCHABC), backed by the original BCH developers led by Amaury Séchet, co-founder of Bitmain Jihan Wu and Bitcoin.com CEO Roger Ver, and bitcoin SV (BCHSV) from nChain Craig Wright and the mining pool Coingeek billionaire Calvin Ayre.
Anthony Pompliano: Crypto Funds to Close, ICO to Go Bankrupt
The founder and managing partner of Morgan Creek Digital Assets, Anthony Pompliano, also known as Pomp, said in his blog that cryptocurrency funds will start to close, and their managers will return money to investors. He also gave a disappointing prognosis for ICO projects.
Stellar Exceeds Bitcoin Cash Market Cap, Bitcoin Below $4,500
The overall market fall and the continuing hash war between forks bitcoin ABC and bitcoin SV, has allowed stellar lumens (XLM) to make its break into the top 4 list.
Tom Lee Lowers His Bitcoin Year-end Forecast
Tom Lee, a financial analyst and co-founder of Fundstrat Global Advisors, lowered his previous predictions regarding the price of bitcoin (Bitcoin), but still thinks that the crypto rate can rise to $15,000 per coin before the end of the year.
Bank of Thailand Plans to Launch CBDC in 2019
BoT claimed that it is currently involved in the testing of government-based digital currency as a means of payment among financial institutions in the country, aiming to launch the transactions in next year.
Singapore Launches Regulatory Framework for Crypto Companies
Singapore central bank, announced that it has finalized the new regulatory framework for payment services which includes cryptocurrency.
At 17:30 (GMT) total cryptocurrency market capitalization stands at $152.3 billion
Factom (+7.07%) showed the best growth in the top-100
The trading volume of cryptocurrencies for 24 hours reached $24.55 (+6 billion per day)
- BTC $1.97 for 10 TH/s ↗️
- ETH $0.12 for 10 MH/s ↘️
- BCH $3.14 for 1 TH/s ↗️
- LTC $2.16 for 1 GH/s ↘️
- DASH $0.03 for 1 GH/s ⏸