Established Wall Street companies slowed their already halting efforts to make a business out of crypto mania this year. They didn’t really give up, but most of them flinched as the value of virtual coins collapsed.
Sara Williams, journalist and crypto enthusiast, shares her insights into cryptocurrency trading explaining main advantages and disadvantages users may face during the process.
Citing heavy client demand, Investment advisor Wealthfront announced Coinbase integration which will allow its users to track cryptocurrency investments. Savings and checking accounts to be provided within the first few months of 2019.
The past month hasn’t been good for Ethereum and it’s co-founders’ company Consensys. With Ethereum going below $90 support line, and mainstream media attacking Consensys on all fronts, Consensyss’ image has already been tarnished.
SBI’s VCTRADE announced that they have added support for XRP, Bitcoin, and Ethereum. Ripple is excited by this announcement and believes their token, XRP, will achieve worldwide adoption due to the support.
In Coinbase they decided to end their 12 days long feature with the announcement about what crypto can do now and their hopes for a more inclusive blockchain.
The Giving Pledge has acquired another new member in Coinbase CEO Brian Armstrong. He has committed a significant part of his wealth to help others.
It seems that we’ll have to wait some more for Bakkt to get its Bitcoin futures contract approved. A new report claims that the CFTC’s decision-making process has been progressing slow and now it is likely to go live only in February 2019.
The Chainalysis report shows that a very small fraction of the total Bitcoin addresses are actually “economically relevant”.
During the last 24 hours, Bitcoin’s mining difficulty has dropped more than 9 percent as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, miners are still finding it difficult to remain profitable.
Coinbase said Thursday it had expanded its product to several European countries and overseas territories, including Lithuania, Iceland, Andorra, Gibraltar, Guernsey and the Isle of Man.
Two U.S. congressmen Warren Davidson and Darren Soto, are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies.
Intercontinental Exchange Inc is working on the first Bitcoin futures that pay out in cryptocurrency. They are now working with the CFTC to ensure that the project is in line with the current regulations. A decision should be made in early 2019.
Bitcoin moves up on Wednesday reaching two-week highs. The rally combined with the prevailing bull flags indicate that recovery may be peeping just around the horizon – in 2019, for example.
After a large plunge, the BTC is recovering. The market is still uncertain, but the flagship crypto takes its chance to rise. On Thu, Dec 20, 1 BTC is $4,137, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.