Crypto Tidbits: Facebook May Launch Stablecoin, Ethereum Developer ConsenSys In Throes

As the crypto market bounced en bloc, this industry’s news cycle has been starting to look lively yet again. Rob Paone, better known as “Crypto Bobby,” recently explained that this week’s industry developments have been “big,” and in stark contrast to prices, insiders continue to “hunker down” to build bonafide valuable products, platforms, and services. Crypto Tidbits Ethereum Development Studio ConsenSys May Purge 50% Employees: On Thursday morning, an exclusive report from The Verge painted a dismal picture for the future of ConsenSys, an Ethereum development studio founded by Joseph Lubin.…

Bitcoin Price Analysis: BTC Resilient, Foundation Set for $6,000

Latest Bitcoin News The 2018 bear market has been punishing, and despite falling prices, adoption is picking up. The number of Bitcoin-related transactions is on the rise and even rivaling those of MasterCard.  Add that to the increasing number of Bitcoin ATMs, and it couldn’t be better. According to Data Light, Bitcoin teller machines are being installed all over the world at around six per day. It goes on to show that the number exploded from less than 50 in 2014 to 4,051 in Dec 2018. The future is bright.…

Charitable Causes to Get Crypto Wealth from Coinbase CEO

Photo: Pavlos Giorkas / Flickr Warren Buffet and Bill Gates were among the pioneer billionaires who pledged to give a chunk of their wealth to charity. Now, Coinbase CEO Brian Armstrong is joining them. The billionaires pledged to donate their wealth for charitable activities around the world. On Thursday, Brian joined the Giving Pledge by signing it officially. Signatories are either billionaires or would-be billionaires who pledged to give away to philanthropic causes. Brian is the first crypto entrepreneur to sign up. He joins Ray Dalio, Michael Bloomberg, Elon Musk,…

Crypto-Riche Millennials Take The Yachting Industry

Got a few million lying around? The yacht industry has long been thought of as the exclusive province of the extremely wealthy, closed to even nouveau riche millennials and crypto millionaires. Yet, the yacht industry is declining. Today, the superyacht industry caters primarily to the extremely wealthy, yet with the almost exclusive growth in supply of mega-yachts (134 feet or longer), traditional charter agents are leaving an increasing untapped market of 84 to 125-foot super yachts, and their affluent/high-net-worth potential customers, behind. The consequence of this is that the average…

Only a Small Fraction of 460M Bitcoin Addresses Actually Hold Crypto, New Report Reveals

Photo: Pixabay On Wednesday, December 19, crypto-centric research firm Chainalysis released a report that only a 37% of Bitcoin addresses in its blockchain are “economically relevant”. The Chainalysis report shows that the Bitcoin blockchain network comprises a total of 460 million addresses, out of which only 172 million are relevant. These 172 million BTC addresses are “controlled by people or services who currently own bitcoin”. Again out of this 172 million, relevant addresses, only 27 million actually hold Bitcoin. The report also states that 86% of the addresses belong to the…

Bitcoin Worth $1.8 Million Confiscated From Suspected Fraudster

The local authorities in Pune, India, recently confiscated 452 Bitcoins worth $1.8 million from suspect involved in notorious cryptocurrency Ponzi scheme. India’s Biggest Bitcoin Ponzi Scheme According to The Times of India, authorities of the cybercrime department in the city of Pune, India, recently recovered 452 Bitcoins (BTC) worth $1.8 million from one of the suspects involved in a notorious cryptocurrency Ponzi scheme. The Pune Police have been investigating a scam company involving Amit Bharadwaj, the ringleader, brother Vivek Bharadwaj, and other accomplices. Authorities filed a charge sheet against Amit Bharadwaj and his gang in November, after…

Bitcoin ATMs Double in Number This Year

News For a markedly bearish year, 2018 turns out to have been pretty good for the spread of cryptocurrency teller machines. The number of bitcoin ATMs around the world has approximately doubled in the past 12 months. More than 4,000 devices in almost 80 countries are now exchanging fiat money for digital coins.    Also read: Study Finds Less Than 40% of BTC Addresses Are Economically Relevant Six New Devices Installed Every Day Despite the falling prices of digital assets throughout most of the year, BATMs have been popping up…

Israel to involve the public in developing crypto laws

Financial regulators in Israel have indicated that they will be involving the public in developing crypto laws in the country. The Bank of Israel released a statement dubbed ‘Request for Information: Interministerial Team for Regulatory Coordination of Virtual Assets.’ The team which will be working to develop crypto laws in Israel comprises of members from the Capital Markets Authority, the National Economic Council, the Bank of Israel, the Israel Tax Authority, the National Cyber Bureau, the Israel Securities Authority, among others. The interministerial team putting together the crypto laws will…

3% of Americans Ready to Use Blockchain Banking Solutions

Note: this article is not intended as an endorsement or any sort of positive leaning sentiment toward the FOTON ICO. The author has no opinion of the ICO. The article is purely about the results of the survey the purveyors conducted earlier this month. According to a survey conducted by FOTON, an ICO-funded blockchain banking product that will not materialize until March based on funding efforts, 3% of American Internet users across age groups are ready to use a blockchain banking product or app today. The survey was presented to…

Bitcoin Just Registered the Highest Trade Volume of its Whole History

Despite the statements of many skeptics who during the 2018 bearish streak said that Bitcoin is dead or useless, the reality, however, is that this year has demonstrated that cryptocurrencies are a cultural phenomenon that is becoming increasingly popular. According to data compiled by Crypto Quantamental — an investment manager specialized in analyzing the behavior of the crypto markets — today has been a historic day for Bitcoin as it recorded its highest trading volume ever. THIS WAS THE HIGHEST VOLUME DAY IN BITCOIN HISTORY. IT WASN’T EVEN REMOTELY CLOSE! Simple…