G20 Members Note Crypto Regulation in Recent Declaration on Sustainable Development

The G20 mentioned crypto regulation in its recent declaration on sustainable development adopted in Argentina. The declaration was published on the official website of the Council of the European Union and the European Council Dec. 1. At a meeting in Buenos Aires on Nov. 30 and Dec. 1, G20 officials reiterated their concerns about the crypto industry along with its overall agenda regarding the future of work and infrastructure for development. The declaration entitled “Building consensus for fair and sustainable development” regards cryptocurrencies as an important part of an “open…

Ethereum Classic (ETC) Development Team Shuts Down Operations Due to Funding

In a tweet only hours old, the team in charge of development at Ethereum Classic (ETC), threw in the towel citing funding difficulties that made it hard for them to continue operations. The tweet included a screenshot of an announcement from ETCDEV’s founder and CTO, Igor Artamonov, that stated the following: As is publicly known we have struggled with funding our operation in the last few weeks. This was partially due to the market crash, combined with a cash crunch in the company. We appealed to investors in the ecosystem…

Japan’s new ICO regulations aimed at protecting investors

Any Japanese business wanting to raise funds using ICOs or token sales will reportedly first have to be licensed by the country’s financial regulator apan has long been considered one of the most crypto friendly countries in the world. That reputation started to grow early last year when it legalized digital currencies while many of its neighbors were working on outlawing them. Over the weekend it was reported by Jiji Press that Japan’s Financial Services Agency (FSA) is ready to introduce new initial coin offering (ICO) regulations to ensure greater investor protection.…

Legendary Venture Capitalist: “We’re Close to a Crypto Nuclear Winter”

It’s no secret that 2018 has proven to be a rough year for the cryptocurrency markets, which have seen their market capitalization plummet from highs of over $800 million in January of 2018 to recently established yearly lows of under $120 billion. The poor market performance, which can be attributed to little more than a boom-and-bust market cycle, has left many investors wondering when the markets will recover, and looking towards upcoming platforms and products being offered by major players in the world of finance, including an institutional investment platform…

Legendary Venture Capitalist: “We’re Close to a Crypto Nuclear Winter”

It’s no secret that 2018 has proven to be a rough year for the cryptocurrency markets, which have seen their market capitalization plummet from highs of over $800 million in January of 2018 to recently established yearly lows of under $120 billion. The poor market performance, which can be attributed to little more than a boom-and-bust market cycle, has left many investors wondering when the markets will recover, and looking towards upcoming platforms and products being offered by major players in the world of finance, including an institutional investment platform…

Bitcoin Faces Second Largest Difficulty Drop in History After Latest Adjustment

Bitcoin’s (BTC) mining difficulty saw its second largest drop in history, with a -15 percent adjustment on Monday, Dec. 3, as per data provided by major Chinese mining pool BTC.com. Bitcoin’s hashing difficulty algorithm is normally adjusted every two weeks to maintain the normal 10-minute block time. It has been adjusted for the second time today since the beginning of a so-called “crypto winter” in mid-November, after which the difficulty in mining Bitcoin has been steadily dropping. The most recent adjustments of Bitcoin’s hashing difficulty. Source: btc.com The largest drop…

German Private Equity Fund to Launch Bitcoin Mining Farm in Asia

According to an article published by Deutsche Finanz, November 29, 2018, Munich-based private equity firm Xolaris is set to launch a $50 million bitcoin farming fund to expand its business into the Asian market. This comes at a time when the market crash has forced many small-scale miners to throw in the towel due to the increasing cost of mining cryptocurrencies. Large Companies Unfazed by the Market Bloodbath The German equity firm opened its office in Hong Kong in July 2018, and will now work towards setting up a big-scale…

New Wyoming Blockchain Draft Bills Aim to Protect, Entice Projects

New Wyoming Blockchain Draft Bills Aim to Protect, Entice Projects December 3, 2018 by William Peaster The Wyoming blockchain pivot continues, as a series of new draft bills aimed at fostering and defending cryptoverse enterprises will now be brought before the state’s full House of Representatives. If passed, the proposals would add to laws already passed in 2018 that have put Wyoming at the vanguard of embracing digital assets in the United States. Also read: New Dawn: Treasury Dept. Levies Bitcoin Address Sanctions Subscribe to the Bitsonline YouTube channel for great videos featuring…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price Analysis, Dec. 3

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Over-the-counter (OTC) trading desks usually cater to institutional or large individual traders. While retail traders are dumping their holdings in cryptocurrencies, institutional traders are using the opportunity to buy. Higher demand from large traders has encouraged U.S. cryptocurrency exchange Coinbase to start an OTC…

Mike Novogratz Expects Crypto Market Turnaround, Adoption in 2019

Frankly, it would be fair to say that bears have brutalized the crypto market and its constituents in 2018, throwing Bitcoin and its altcoin brethren off metaphorical cliffs. However, in spite of the widespread carnage, some innovators remain tunnel-visioned, focused on bolstering the nascent crypto and blockchain ecosystem with no holds barred. Regulatory Fears Remain, but Galaxy Digital Bets on “Big Adaptation” Speaking on a conference call Friday, presumably to address his firm’s dismal financial report, Mike Novogratz, Galaxy Digital CEO, did his utmost best to maintain an upbeat tone. As…