Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Down with the Ship?
Everyone better start praying to Satoshi and start praying soon. The market took another hammering this week, nosediving over 15 percent. Only a handful of cryptocurrencies in the top 100 saw green this week. The list includes Bitcoin SV (9.99%), Waves (25.75%), Factom (12.75%), and Huobi Token (4.27%). But what about the three big boys?
Bitcoin tumbled 14.82% down to below $3,500.
XRPÂ lost 15.77% over the week with a current price tag of just over $0.30.
Ethereum bled a gruesome 23.19% since last week. You can now grab a full coin for under $90.
Wyoming Takes Another Pro-Blockchain Stance: The Cowboy State continues to quietly build themselves up as a cryptocurrency and blockchain hub in the United States. After passing a series of blockchain-friendly bills in February, the legislative committee recently added another piece of blockchain legislation to the list. The new bill, receiving a vote of 13-1 for, allows banks in the state to provide services for blockchain assets.
The bill is apparently the product of a âBlockchain Task Forceâ committee. The purpose of the committee was (and is) to discover the challenges that blockchain entrepreneurs face.
For those that know, or live, in Wyoming, this ruling should come as no surprise. The state was dubbed the Equality State as the first state allowing women to vote and has consistently passed progressive legislation.
BREAKING! #Wyoming legislative committee passed #blockchain #bank bill 13-1 over heavy opposition from the banking industry. Congratulations and thanks to all out supporters! pic.twitter.com/nQDjALykRk
â Caitlin Long (@CaitlinLong_) November 30, 2018
Survey SaysâŠCrypto!: According to a recent survey by job platform Humans, 29 percent of U.S. freelancers would like to receive at least part of their income in cryptocurrency. The freelancers argue that legacy systems take too long, limit daily transfers, and charge exorbitant fees among other issues. For example, PayPal charges almost three percent on many of the transactions on the platform.
However, merchant adoption is still one of the biggest roadblocks. Having to convert to fiat removes much of the value that crypto incomes bring. That being said, there are plenty of projects making crypto-friendly merchants a soon-to-be reality.
People Saying Things
Breyer Donât Care: Billionaire Investor Jim Breyer made a long-term bullish argument for cryptocurrency at Fortuneâs 2018 Global Tech Forum. He stated on the conference stage that although âwe are close to a nuclear winter right now,â the industry is filled with some of the best computer scientists and Ph.D. students and postdocs. And, âyou donât want to bet against the best and brightest in the world.â
How Infrastructure as a Service (IaaS) Meets Blockchain: IaaS is a big, growing business, and blockchain projects want a piece.
Stablecoins and Currency Pegs: What Can History Teach Us?: Many people are elated about the numerous stablecoin options. Hereâs why they may not be all theyâre cracked up to be.
What Is tZERO? (And Why It Could Be a Big Deal): If 2017 was the year of the ICO, it looks like 2019 may be the year of the STO. tZERO looks to lead the way if it happens.
When to Buy Bitcoin: A Guide to Stacking Satoshis: Market down or market up â knowing when to buy Bitcoin is tough.
SEC Cracks Down on ICO Social Media Influencers: Congratulations, DJ Khaled. You played yourself.
Blockchainâs Killer App? The Most Successful Distributed Computing Projects so Far: Weâre still on the lookout for blockchainâs first killer app. One of these projects could take the title.
How to Use a Bitcoin Paper Wallet to Keep Your Crypto Safe: Sometimes you gotta kick it old school with a little ink and paper.
Understanding Cryptocurrency Taxes: How to Calculate Your Bitcoin Taxes 101: The taxman cometh. Make sure youâre prepared when he does.
Tax Time! How to Calculate Your Bitcoin and Cryptocurrency Losses: The silver lining in this bear market â claiming your losses.
The Challenges of Cloud Computing and How Blockchain Can Help: The technological world revolves around cloud computing. Fine for now, but abundant issues on the horizon.
Bitcoin Market Nightmares: Whales and HODLers to Blame: Whoâs to blame for the down market. And will Bitcoin ever recover?
Vitalik Receives Honorary Doctorate: Ethereum hell-raiser Vitalik Buterin may have dropped out of college in 2014, but thatâs not stopping him from earning a degree now. Last Friday, the University of Baselâs Faculty of Business and Economics granted Buterin an honorary doctorate for his innovative work with blockchain tech. The dean of the school, Prof. Dr. Aleksander Berentsen presented him with the distinction at the Dies Academiscus celebration.
Buterin responded to the distinction, âIâm honored to have received an honorary doctorate from the University of Basel, the oldest university in Switzerland. Switzerland is well known for its innovative blockchain research.âÂ
Australia Blockchain Accreditation Arrives: Good news to the folks down undaâ. You can now receive the Advanced Diploma of Applied Blockchain, the countryâs first accredited blockchain course. The course, developed by the Blockchain Collective, covers a wide variety of blockchain subjects. Some of the topics include blockchain business models, interoperability, operating smart contracts, and establishing a framework for peer-to-peer consensus. Sign us up!
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.