The Reserve

in bitcoin •  7 years ago 

11 December 2017 | SUBSCRIBE

// FUTURES LAUNCH

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 all week; Gemini, an exchange used to price the new 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

// PRICING SUMMARY

// 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. 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


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looks like futures are bullish, everyone was expecting a BTC to tank.