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.
Facebook is reportedly working on developing its own stablecoin, which initially will be focused on the remittances market in India where it will enable users to transfer money via a dollar-pegged cryptocurrency on WhatsApp.
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.
As a result of the deal, newly launched TokenSoft Global Markets LLC. will enable issuers to choose whether to host a token sale themselves or work with a broker-dealer to manage the token sale on their behalf.
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.
On day 10 of Coinbase’s “12 Days of Coinbase” initiative, the crypto exchange announced the launch (in invite-only mode) of Coinbase Earn, a new way to earn crypto while you learn crypto.
Western Union recently released a short video in which it explains that it is ready to begin working with cryptocurrencies. That being said, the video does seem to go on to outline how they actually aren’t ready and don’t fully understand crypto.
On their 9th day of Christmas, Coinbase decided to add new ERC20 tokens to their platform. Earlier this year they announced their intention to support this technical standard across Coinbase. New features and tokens also expected in 2019.
After literally months of waiting, a cryptocurrency market bounces forward and the majority of cryptos started to gain double figures on the day with a $10 billion injection pumps crypto markets.
XRP has been pretty much asleep for a very long time and as we are approaching the end of 2018, the much-needed news about Ripple’s partnerships with major financial institutions have started erupting in the crypto-space.
Finally, crypto market starts showing at least some signs of recovery: Tether (USDT) manages to enter the top-five cryptos by market cap (for the short period of time though) while EOS gains considerable 25%.
Ethereum price recovered recently above the $86.00 resistance. ETH/USD is trading with a positive bias and it may perhaps climb above $90.00 if there is no downside break below $85.00. 2019 likely to bring even more price gains for ETH.
Paypal, an online payment system platform has mostly avoided Bitcoin implementation till now. But, recently it has rolled out an internal employee incentive program that is based on Blockchain technology.
According to cryptocurrency bull Tom Lee, Bitcoin is underestimated, and its fair price should be about $10,000 above where it is trading now.