1. Bitcoin Price will crash to zero (says Bitcoin Cash Founder)
As the Bitcoin price is currently hovering around $3,548.3, Bitcoin Cash co-founder Calvin Ayre predicts that the flagship cryptocurrency, Bitcoin, will plunge to zero in 2019 because it’s worthless. Also, Ayre insists that Bitcoin’ price is being deliberately deflated right now in order to stamp it out of existence. He did not offer any proof to back up his dubious claim.
2 Patreon’s Censorship is good for Bitcoin
In recent days, a number of prominent Youtube content creators have abandoned the crowdfunding platform Patreon as a sign of protest for the removal of “Sargon of Akkad” aka Carl Benjamin. Benjamin, who has over 800,000 subscribers and debunks social justice talking points, was removed from the crowdfunding site without warning, erasing his primary source of income overnight.
3. All but two Cryptocurrency Exchanges engaged in wash trading
Out of all 25 exchanges, only two have been reported to be producing 100% real trading volume. Prominent exchanges like OKEX and HitBTC show 25% or less of their volume consists of actual trades. Bitfinex and Binance seemed to stand out as the only exchanges not involved in wash trading. Bitfinex is ranked #9 on Coinmarketcap’s list of top exchanges by 24-hour trading volume, while Binance is ranked #2 behind OKEX.
4. Bitcoin Price Jumps 5%
After a weekend of sideways trading, the cryptocurrency markets have jumped on Monday. Bitcoin’s price jumped more than 5% and the overall crypto market capitalization rising to over $110 billion. Today’s price rise has led the markets to regain much of their losses that were incurred last Friday.
5. Alleged Scam Projects Suspended in Italy
The Italian securities regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has banned two projects from offering investments for 90 days for allegedly offering fraudulent crypto investment schemes. Both firms Bitsurge Token and Green Energy Certificates — are allegedly scam projects from Avalon Life, a company that is not based in the European Union. Both have , starting from Dec. 12.
6. Porsche Uses Blockchain Platform to Close $170 Million Loan
Porsche completed the deal with the Spanish bank Banco Bilboa Vizcaya Argentaria’s (BBVA) blockchain platform. The news makes Porsche the first non-Spanish company to use the distributed ledger platform to borrow funds from BBVA. It is thought that the use of blockchain technology in the negotiation and closing of loans will increase efficiency and transparency in the financial sector.
7. Seven Ways To Earn Bitcoin
It has always been hard to believe that the blockchain-driven cryptocurrency is yielding a real-time value. The crypto-world is blurring the lines between the real and the virtual, therefore, now is the right time to join this virtual league of crypto-users and earn some Bitcoin. Solving this issue, here we have enlisted some popular ways to start earning Bitcoin with the least possibilities of risks.
8. Litecoin continues to outperform
Litecoin recently overtook Bitcoin Cash in the cryptocurrency market cap rankings. This is likely to be the driving factor in its recent outperformance over the past two days. With both Bitcoin Cash and Litecoin addressing a similar use case of cheap and fast peer-to-peer payments, Litecoin overtaking Bitcoin Cash represents a current advantage to Litecoin.
9. Bitcoin Mass Adoption 5 years away
One year ago the price of Bitcoin scaled the heights of $20,000. Crypto adoption seemed to be even closer than ever before and only a matter of time. Bitpay CEO Stephan Pair has gone on record to say that he believes that mass crypto adoption is only 3 to 5 years away. He talked about the possibility of wider adoption when recently chatting on CNBC.
10. Hong Kong Stock Exchange Against Bitmain’s IPO
As it has become recently revealed, due to the extremely high crypto market volatility, the Hong Kong Stock Exchange (HKEX) is reluctant to approve Bitmain’s IPO. In September, Bitmain joined the row of two other mining giants, Canaan Creative and Ebang, that had filed their applications to sell their shares on the HKEX. But the ongoing year has turned out to be rather unpredictable for the crypto industry. That’s why the HKEX isn’t willing to list crypto companies.