​​Travis Kling, the founder and chief investment officer at Ikigai, believes that there’s a “significant chance” that cryptocurrencies could outperform all other assets in the upcoming year. After all, as Kling highlights, Bitcoin was brought into existence at the very beginning of globally coordinated quantitative easing (QE), a move that allowed the U.S Federal to lower interest rates and buy trillions of dollars’ worth of government bonds and mortgage-backed securities.

Twitter Post

According to a recent report by CoinMetrics, a cryptoasset data provider, during a Bitcoin Private fork 2.04 million additional units were covertly minted, thus pushing the actual supply of BTCP to 23.04 million, instead of 21 million. Bitcoin Private is a fork-merge of Bitcoin and ZClassic, which was initially released on March 6, 2018. The 10-page report states that secretly coined cryptocurrency is worth $3.672 million.

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In a recent video interview for Cointelegraph, Peter Brandt, spoke of how best to act during the bear market period. Brandt is a trader with 40 years of experience and is the CEO of Factor Trading, which was founded in 1980. DeCenter collected some tips and opinions on why a bearish phase can be favorable for the market and what is the best course of action until Bitcoin flies “to the moon.”

https://dcntr.org/bitcoin-bear-market

During a Q&A session on Reddit Andrew Bustamante, a former CIA intelligence officer and founder of the Everyday Espionage training platform, revealed that he has a number of concerns about blockchain technology and how it might be the biggest threat’ to US national security.

Continue to Reddit

📨 #DeCenterDaily

🍴 In the light of Coinmetrics' case study on Bitcoin Private's coin supply, which found over 2 million of additional units that were covertly minted, BTCP core developers are offering to remove illegitimate coins via hard fork.
via The Block

🇨🇳 China’s Center for Information and Industry Development (CCID) under the Country's Ministry of Industry and Information Technology has released its latest crypto ranking of 34 projects, with EOS taking the first place, followed by Ethereum, while Bitcoin dropping from the 13th position to the 18th.
via Cointelegraph

🗓 Dr.Craig Wright believes that with the use of smart contracts Bitcoin could become a major means of making automated payments for subnoscription services.
via CCN

⛔️ Goldman Sachs, Morgan Stanley, Citigroup and Barclays and other Wall Street giants have found themselves in limbo, when it comes to cryptocurrencies, and thus are postponing plans to enter this highly volatile market.
via Bloomberg

🗣 Alex Pack, a managing partner of Dragonfly Capital Partners: "Bitcoin could maybe fall as low as $2,000, or even $1,000, but not $0. For something like Bitcoin, which is a landmark in the history of money, it has become a more dependable store of value.”
via Forbes

​​Jameson Lopp, Bitcoin veteran and the CTO of Casa, has proof that Lightning Network has registered a very good year in 2018, with steady growth of active nodes, number of channels and network capacity.

Twitter Thread

​​An infographic on how different generations would spend $10,000. Based on a survey from LendEDU, it shows that Millennials were more likely to choose either real estate (15.1%) or cryptocurrency (9.2%) as an investment. For contrast, look at Boomers, a group that had 11.2% choose real estate and only 3.1% choose crypto.

Source »

Now cryptocurrency users can provide food for horses, baby goats, bunnies and other farm animals at ‘Bitcoin Cash Zoo’. This initiative was inspired by Spencer Lambert, who created a mealworm dispenser that would feed chickens after it had received a payment of BCH.

The River Forest Farm live streams not only Lambert’s chicken coop, but also baby goats, horses, bunnies, ducks, and geese, that can be fed through an automated meal dispenser, which works with 0-confirmation transactions, meaning that animals get their food almost immediately (unless, of course, it is too late and the farm animals are sleeping). The farm’s ‘Dash Ducks’ accepts bitcoin cash, dash, and smartcash, while the other animals can also be fed with litecoin.

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Many interesting technologies have emerged over the past ten years that are starting to improve both business processes and the interaction of ordinary people within society. Two of the technologies widely used in recent years are virtualization and Bitcoin. Virtualization has paved the way for cloud computing, while the Bitcoin protocol can reinvent the finance industry by using blockchain.

Surprisingly, no one has thought of combining these two technologies together. If someone did this, then that someone would solve the most difficult problem for corporate IT directors, namely the issue of maintaining control over processes and customer data by trusting an outside vendor.

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Throughout the year, Bitcoin kept the whole world in suspense, while the altcoins followed and went down to the bearish hell. During this time, the community has almost become accustomed to the idea that cryptocurrencies as a technology were just a wild fantasy of geeks and cypherpunks. And if compared to a money equivalent, then this is surely a pyramid through and through, a financial bubble and just a scam for newbies. This opinion is widely discussed online and covered on TV. But what if our opinion on this matter was forced to think that cryptocurrencies have failed us? After all, there are those who perceive reality as it is and understand that the price of assets falls within the framework of market laws. Moreover, interest in the technology is only growing. This clearly indicates that the economic and conceptual sides of cryptocurrencies live independently of each other.

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📨 #DeCenterDaily

📉 According to a recent CNBC report, just about every single asset class has posted negative returns or unchanged performance year to date.
via CNBC

⛏ Bitcoin mining giant Bitmain confirmed major layoffs, with more than 50% of staff leaving the company.
via CoinDesk

🏦 ⁠Bank of America submitted an application to patent a blockchain system, which will use the technology in cash handling procedures.
via Cointelegraph

🇰🇷 South Korea’s blockchain association wants Gwangju, the 6th largest city in the country, to be turned into a ‘specialized Crypto-Valley District.’
via CCN

☠ According to the Bitcoin Obituaries website, the first cryptocurrency ‘died’ 90 times in 2018.
via Bitcoin.com

​​In the week of December 17 to December 23rd both Bitcoin and Ethereum reached their 7-month high in weekly trading volumes. Bitcoin’s volume reached $46 Billion, while Ethereum’s stopped at $18.5 Billion. The graph also shows, that the volumes for both Bitcoin and Ethereum are still very correlated.

Source »

According to CoinDesk contributor Arwen Smit, there are three areas of conflict, between six “incompatible truths,” that have been slowly taking shape, and that 2019 will see them unleashed in full force. These areas are:

- Ideology vs product-market fit
- Market capitalization vs adoption
- Believers vs non-believers

How will they shape the crypto space in the upcoming year?

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CCN spoke with Nimrod May to find out if SIRIN Labs, which launched its blockchain smartphone, the FINNEY, just a few weeks ago, will continue making phones or focus on developing an OS. May also gave a side-by-side comparison of the SIRIN FINNEY and the HTC Exodus 1.

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The cryptocurrency industry has matured by one year, but investors are still way too trusting. With the support of stars and large companies, fraudulent ICO projects still find their victims. DeCenter has collected the most high profile scams and stories of fraudulent projects that took place in 2018.

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2018 showed crypto users the essence of blockchain projects, many of which did not enter the launch phase after collecting funds through an ICO. Now the crypto market is waiting for actual proof that the blockchain technology is really a necessity for various sectors of the economy. DeCenter spoke with Gregory Kim, CEO of Quantfury, whose product and company offer an application for trading on the traditional and crypto markets without fees and is an example of true blockchain implementation in Fintech.

Read the Interview »

📨 #DeCenterDaily

🇯🇵 Japanese internet giant GMO is leaving the crypto mining industry due to extraordinary loss of JPY 35.5 billion and will discontinue manufacture of all mining equipment.
via Cointelegraph

🇮🇳 According to a recent report, the Indian government might legalize cryptocurrencies, but with strict regulation attached.
via CoinDesk

❎ The Singapore-based cryptocurrency exchange KuCoin has delisted 10 crypto tokens, that have not met strict set of operational criteria.
via NewsBTC

🖊 Bear market has triggered a rise of M&A activity among crypto companies with good liquidity, that have been acquiring numerous successful startups throughout the year.
via Bitcoin.com

📉 Prominent crypto investor Kyle Samani believes that major layoffs at Bitmain might be followed by a dump of company's crypto stockpile, which includes a massive number of Litecoin and Bitcoin Cash.
via CCN

​​In December, the Bitcoin price has sagnicially outperformed the S&P 500 index, CCN reports. During this month, the index noted ten back-to-back daily selling sessions during mid-term — causing a crash of almost 20%, its lowest since April 2017. The S&P’s sister indexes, Dow Jones and Nasdaq, also plunged significantly within the same timeframe. The trio together came closer to record the worst monthly crash since the financial crisis of 2008. At the same time Bitcoin underwent an impressive bullish correction, jumping towards its monthly high of $4,237.

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​​Tomorrow is the largest expiry of the year for bitcoin options - the "Dec expiry". 25,500 bitcoin options will expire on Deribit, with 80% of options expiring are calls.


Source

A South Korean court has ruled in favor of the Bithumb exchange after a user was hacked for around $355,000 and moved to sue the firm over the loss. The customer who brought the lawsuit against the exchange was 30-year-old Ahn Park, who alleged his Bithumb account was hacked on November 30, 2017.

In an attempt to reclaim his funds, Park took Bithumb’s parent firm, BTCKorea.com, to a civil court in the Korean capital Seoul, stating: “Considering that Bithumb offers similar services to the financial sector, it requires a high degree of security measures required by financial institutions.”

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The cryptocurrency market is developing in two directions. One of them is investment in cryptocurrencies and in tokens that are promoted through ICOs. The other is investment in the cryptocurrency infrastructure: from creating convenient applications on digital wallets to clearing the “bottlenecks” of cryptocurrency blockchains by using technological “second layers”.

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