MorozkiArt
Main page Digest, Bitcoin Cash, India, Central Banks, Stellar, Thailand, Singapore, Hard Fork

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.

What Else:

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

  • Bitcoin (TICKER: BTC.EXANTE) $4676 (-8.58%)
  • XRP (TICKER: XRP.EXANTE) $0.44 (-9.52%)
  • Ethereum (TICKER: ETH/USD.BITFINEX) $141 (-8.71%)
  • Bitcoin Cash (TICKER: BCH.EXANTE) $237 (-32.00%)
  • Stellar (XLM/USD) $0.20 (-10.14%)

Factom (+7.07%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $24.55 (+6 billion per day)

Mining Profitability

  • 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 ⏸

Click here for the list of ongoing ICOs and rating. Also, subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.