TR 15.12

// FUTURES LAUNCH SMOOTHLY

Futures went live at 11 PM UTC this evening and bitcoin, despite extreme volatility, remains steady. This is good news. Bitcoin has made a serious step into mainstream finance and - currently - remains unscathed.

It hasn’t been all smooth sailing this week, though. Exchanges are struggling to provide reliable basic functionality - like buying or selling bitcoins: Bittrex users are experiencing problems when they try to withdraw; Coinbase and its more complex trading software GDAX has been struggling struggling all week; Gemini, an exchange used to price futures, was also down at several points. These exchanges were not the exception as demand and trading volumes soar across all platforms. Necessary growing pains - good luck to the exchanges.

// MUST READS

// DISASTER OF THE WEEK

Nicehash, a mining marketplace, has been hacked this week. Around 4,700 Bitcoins were stolen. NB - Bitcoin remains the first and still infallible, unhacked blockchain.

All of Bulgaria’s Bitcoin exchanges have been shut down by the banks - the banks blocked all their accounts and these exchanges are now offline. The Bulgarian government also controls about $3billion, or 18% of its national debt in bitcoin, from assets seized earlier this year.

// TRACTION

// ROAD TO REGULATION

// ICOS

Last week highlights:

  • Cashaa raised $9m for ‘the future of banking’.

  • Leverj raised $12.8m for a decentralized crypto exchange.

  • Global Jobcoin raised $5.6m for a token-based employment services platform - with token dividends.

Upcoming:

  • Skara - January 23, 2018 - an existing blockchain gaming economy.

  • Lendoit - December 13, 2017 - Decentralised P2P lending platform.

  • Cryptics - December 15, 2017 - crypto analytics platform.

  • Bread - December 15, 2017 - fastest growing bitcoin wallet.

// OTHER

Parity’s CEO is confident to get back $150M frozen in ethereum in about 4-6 months, after their update goes live. Why democracy and blockchain need each other.

// EVENTS

Blockchain & Bitcoin Conference Ljubljana - Ljublajana, SIovenia - December 12, 2017

D4C - Day For Crypto - Convington, USA - December 12, 2017

CryptoBlockCon 2017 - Las Vegas, USA - December 13, 2017

d10e Bucharest - Bucharest, Romania - December 14-17, 2017

James Roy PoulterComment