Markets Break Streak of Green, Most Top Coins See Mild Corrections

Friday, Dec. 21 — crypto markets have broken their five-day streak of green, with many of the major crypto assets seeing mild corrections at press time, as data from Coin360 shows. Market visualization by Coin360 Largest cryptocurrency Bitcoin (BTC) is only just below the $4,000 mark, which it reclaimed yesterday, Dec. 20, capping a five-day streak of solid growth. At $3,971 at press time, and down around 2 percent on the day, the coin is trading around $800 higher than its intraweek low at $3,185 on Dec. 14. Bitcoin’s recent…

German Railway Operator Examines Deploying Blockchain to Tokenize Its Ecosystem

German railway operator Deutsche Bahn AG (DB) has partnered with blockchain integration platform Unibright to examine the possibility of tokenizing its ecosystem. A press release revealed the partnership on Tuesday, Dec. 18. DB appointed Unibright to make preparations for an internal workshop, dedicated to the possible tokenization of the company’s assets. The railway giant, which is considered to be the largest in Europe, wants to find out whether decentralized solutions can cut operational costs and help DB interact with other members of the travel industry. Unibright developed a proof-of-concept (PoC)…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 21

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Making correct predictions is a difficult skill, even more so when it comes to cryptocurrencies. Many analysts were caught on the wrong foot with their overly bullish projections for 2018. One of the most popular analysts, co-founder of Fundstrat Global Advisors, Tom Lee,…

Coinbase CEO becomes the first wealthiest in crypto to join Musk and Buffett in sharing wealth

Brian Armstrong, CEO, Coinbase, was in early this year listed by Forbes as the 6th wealthiest in crypto. To share his wealth, Armstrong has joined the likes of Elon Musk, Warren Buffett, and Bill Gates in donating a considerable portion of his net worth to charitable causes. The CEO becomes the first among the wealthiest in crypto to do so. In an official statement confirming his entry into the Giving Pledge movement founded by Buffet and Gates, Armstrong said: “Once a certain level of wealth is reached, there is little…

Mining ASIC Producer Ebang Reports ‘Significant Decreases’ in Revenue From July-September

Ebang, a crypto mining ASIC hardware producer, has suffered “significant decreases” in revenue in the second half of 2018. This development was reported in documents submitted by the company to the Hong Kong Stock Exchange (HKEX) on Dec. 20. HKEX only requires the financial period reported by IPO applicants not to end more than six months from the day of the listing document. Following this requirement, Ebang included its financial information until the end of June 2018 in the draft documents submitted to launch its IPO. According to the data…

United Arab Emirates Will Introduce ICO Regulation in First Half of 2019, Regulator Notes

A financial regulator of United Arab Emirates (UAE) will introduce initial coin offering (ICO) regulations in the country by the end of the first half of next year. This development was reported by English-language local news outlet The National on Dec. 21. The Securities and Commodities Authority of UAE (SCA), which regulates and monitors the markets, will reportedly work with the Abu Dhabi Securities Exchange and Dubai Financial Market to develop a platform for ICO token trading. The SCA chief executive, Obad Al Zaabi, declared that the regulator has “signed…

Bermuda Financial Regulator Releases Draft Regulation for Crypto Custodial Services

Bermuda’s financial regulator has released draft regulation for crypto custodial services, according to an official press release issued on Tuesday, Dec. 18. The Bermuda Monetary Authority’s (BMA) draft regulatory document, entitled “Digital Asset Custody Code of Practice,” seeks to clarify the regulator’s stance on crypto custodial services in Bermuda and to protect clients’ assets. The document provides a detailed regulatory basis for offering crypto custody services, including both business management and technology issues, such as transaction handling, incident reporting, keys generation and operating hot and cold storage. Aiming to deliver…

How Bakkt Could Affect the Bitcoin Price Unlike Existing Futures Markets

Bakkt, a Bitcoin futures market operated by ICE, the parent company of the New York Stock Exchange (NYSE), is close to receiving a green light from the U.S. government. As CCN reported on December 21, Bakkt has been working with the Commodities and Futures Trading Commission (CFTC) to have its business plan approved, which revolves around the physical delivery of Bitcoin to its investors. What Separates Bakkt From Other Bitcoin Futures Markets Bitcoin’s Futures Market Existing Bitcoin futures exchanges in the U.S. market such as CME and CBOE are cash-settled,…

Number of Crypto ATMs Steadily Growing Amid ‘Crypto Winter,’ Data Shows

The number of new crypto ATMs around the world continues to grow despite the recent crypto market collapse, according to data. Crypto teller locator Coin ATM Radar presented the data in a report published Monday, Dec. 10. Coin ATM Radar’s information shows that in November, different ATM manufacturers opened 209 tellers around the world, and 68 of the previously installed ones closed. The net growth of 141 ATMs is approximately the same as in October, when the total amount reached 150. The United States remains the dominant country with 70…

Bitcoin Rally Shouldn’t Excite the Bulls Yet, Trend Still Bearish

The Bitcoin price appears to have bottomed out near the $3,000-level after falling more than 80% this year. The digital currency at press time is trading above $4,000, up over 30% within just a week. It is clear that traders interested in the long-term aspect of Bitcoin have bought the dip. As a result, in the last five days, Bitcoin is creating new higher highs with volume increasing on each subsequent leg. Historical Rebounds Nevertheless, if one tries to look the empty side of the glass, the current rally looks…