One Stop Cryptocurrency NewsCast For Today ?

📮 18-11-2019

📈 MarketCap:                  $237 B

📊 24h Mcap %:                  0.26%

⚠️ Bitcoin Dom:                 65.2%

📌 Active Coins:                2,448

📍 24h Vol %:                   9.69%

💲 24h Vol:                     $52 B

1.  aBey Foundation co-founder Dr. Ciprian Pungila announced aPay, a payment system that lets the cryptocurrency community use its assets for daily payments via credit card integrations. aPay users can send their cryptocurrencies to the platform and gain access to three different credit cards that operate with UnionPay, Mastercard, and Visa. They can therefore use their cryptocurrencies for daily payments. aPay supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Dash, EOS, Ripple, ZCash.

2.  Crypto trading company AI Trades is determined to create an environment that fosters education, opportunity, and enthusiasm for crypto with their Aitrade Social platform, to help crypto-enthusiasts who are eager to share ideas, strategies, concerns, experiences to make the crypto world better than it is today. A platform where Crypto enthusiasts can meet people with similar interests, where novices can ask questions and get answers from experts without being judged.

3.  This is something that Hong Kong protesters understood. In June, the volume of peer-to-peer Hong Kong-based bitcoin exchange LocalBitcoins suddenly spiked as protests erupted. The volume hit an all-time high in October as demonstrations escalated. The situation in Iran is much direr than in Hong Kong. Violence, road blockages, and lack of internet access are putting citizens between a rock and a hard place. Protesters can opt out of the financial system while protecting their wealth at the same time by buying bitcoin.

4.  With chaos engulfing the region, cryptocurrencies have emerged as one of the key tools used to fight government surveillance with Bitcoin gaining most traction. HKmap.live, a live web mapping, that supports HK protests for freedom by providing real-time crowd-sourced geolocation data of groups of polices, protesters, deployed tear gas, warning flags and more has also started to accept Bitcoin, Bitcoin Cash, Ethereum, Monero, ZCash, Stellar, XRP, and Nano for donations.

5.  The world’s combined debt will hit $255 trillion by the end of 2019 — equal to $32,500 for each person on the planet or $12.1 million per Bitcoin (BTC). Bitcoin figures reacted with shock to the latest figures from the Institute of International Finance, which this month updated its Global Debt Monitor. Never before has the combined debt of the world been so high. As Bitcoin continues to rise in prominence, efforts have increased to educate consumers about its benefits as money which no authority or single actor can manipulate.

6.  Encrypted email service, ProtonMail, is not cashing in Bitcoin payments made for its services, and apparently “hasn’t for years.” The tweet was in response to a customer who complained that he felt guilty for spending Bitcoin on a ProtonMail invoice instead of holding or “hodling” it for the long-term. While the option to pay for a premium ProtonMail account in BTC is not obvious for new account holders, it is possible for existing email customers, even those using the free option who wish to upgrade.

7.  Roelof Botha alleges the Bank of America provided “absolutely no explanation” for its decision to close his bank account in 30 days. Then, as now, attention is focused on the ability of trusted centralized entities to control others’ money. With Bitcoin, it is impossible for a third party to cut off access, unless a user chooses to use a wallet to which they do not control the private keys. “It's like they're trying to promote Bitcoin,” popular Twitter trader Rhythm added.

8.  Fundstrat’s Tom Lee believes Bitcoin and other cryptocurrencies will hit major price valuations in the same manner that the tech behemoths did. Lee argued that cryptocurrencies “are network value assets” — and share this with the FAANG (Facebook, Amazon, Apple, Netflix, and Google) stocks since their public listing. Lee said that Fundstrat estimates that roughly half a million people own and use Bitcoin so that you would need to hit a million users to get a $25,000 valuation.

9.  Chris Burniske, the partner at New York-based venture capital firm Placeholder, elaborates how cryptocurrencies, Bitcoin, and Ethereum specifically should be used as collateral, rather than as a medium of exchange. Several influencers from the industry are hoping to better the use cases of Bitcoin and other cryptocurrencies so that they could be used as means of exchange. Burniske went on to elaborate on how Bitcoin is mostly viewed as a store of value and people want to hold assets with disinflationary or deflationary supplies.