“The game isn’t over.”
– Aaron Lasher, CMO at Bread
Welcome to Thursday and I hope it’s off to a great start for you! Wish I could say the same for this market that can’t make up its mind. Bitcoin and its Crypto cousins are trading at their lowest prices in five months; as Bitcoin falls back below $7,000. However, The game isn’t over yet for Bitcoin, Ethereum, Ripple, and Litecoin. Bitcoin will see a major bull run in 2018, experts claim. Bitcoin does risks bear revival below $6.5K and analyst predict that Bitcoin will fall to $4,000 before any sustained bounce. Of course, OKEx denies responsibility for Bitcoin price crash on Futures exchange; no one knows what’s driving the price down.
There are many things that are still developing. The Eclair Wallet, which just launched in the Google Playstore, will be a next-generation Lightning ready Bitcoin Wallet. Bitcoin developers are looking to cut fees by making changes to the “Coin Selection” algorithm. Aliant confirms status as Litecoin’s first official payment partner; which is great news since the failed attempt with LitePay. Before you know we will be paid in Bitcoin and Litecoin.
Most adoption with Blockchain has been the supply chain; which makes sense. But now, there are now 5, count them 5 healthcare groups that are launching Blockchain pilots. A Cyprus startup aims to reduce air accidents by creating flight log records on the Blockchain. Sirin labs have found a manufacturer for its Blockchain Smartphone.
The regulatory scene is a mess. Lack of understanding derails Georgia’s Bitcoin tax bill. Maybe this is why now is the right time for the first Blockchain Governor. However, I think we already have our first one – Arizona’s Governor signs latest Blockchain Bill into law. Speaking of governors, Fed Governor calls out Crypto market volatility, but the Central Bank Blockchain could go live in 2018, according to an R3 Researcher.
Ripple has tried to buy its way onto major exchanges for Cryptocurrency; shame shame shame. Equal shame is the unauthorized miners in Washington State that the county had to shut down. Lastly, don’t be shamed if you a trader because there are tax troubles ahead if you don’t play your cards right.
Globally, Mexico Tests Blockchain to Track Public Contract Bids, India cracks down on bitcoin and hints it may launch its own digital currency, South KoreanCapital Looks To Launch City-wide Cryptocurrency S-coin, South Korean Crypto Exchange Executives Detained in Fraud Probe, Korean Millennials Struggle With Hard Truths Of Crypto Economy, Kazakhstan Weighs Cryptocurrency Ban, Abu Dhabi Trading Firm adds Litecoin, Ripple and Bitcoin Cash, Japanese Government Reviews Proposal to Legalize Initial Coin Offerings, Hacked Japenese Coincheck Exchange to Accept Takeover Bid, Report Says, 14 Percent Of Japan’s Young Male Workforce Invest In Cryptocurrencies, Study Shows, Iran‘s Government is Debating a Ban on Telegram Over Its ICO, Russia‘s Central Bank Mulls Ethereum System for Pan-Eurasian Payments, Authorities Arrest Indonesian Student Alleged to Have Purchased Ecstasy with Bitcoin from the Netherlands, Terrorists Love Cryptocurrencies, Russian Security Services Claim and, Russia, VenezuelaDiscuss Using Petro for Auto Part Payments.
There is so much more going on and the only way to know is to click HERE for all the articles from the past 24 hours.
Happy Investing and Trading!