📈 MarketCap: $200 B
📊 24h Mcap %: -6.02%
⚠️ Bitcoin Dom: 65.6%
📌 Active Coins: 2,505
📍 24h Vol %: 38.06%
💲 24h Vol: $91 B
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2. Cryptocurrency exchanges operating illegally in China face a new threat. The People’s Bank of China (PBoC) warned it was taking action against entities allegedly involved in trading cryptocurrencies such as Bitcoin (BTC). The move was in response to a rise in trading activity following China’s public endorsement of blockchain technology. Pledging to keep its promise to outlaw trading, the PBoC vowed to “dispose of” any such activity it discovered under its jurisdiction.
3. An ice cream shop in Berlin has revealed that a “super nice” guy urged them to spearhead Bitcoin adoption. That unknown “super nice” guy turned out to be the legendary Bitcoin educator Andreas Antonopoulos. The thread goes onto highlight that paving the way toward crypto adoption started with getting a Trezor hardware wallet for cold storage and then going onto directly accept Bitcoin through the open-source payment processor BTCPay Server.
4. Bakkt exchange has today seen a record high for volume, so far moving $13.4 million worth of 1863 BTC contracts. This is happening as the Bitcoin market slips to recent lows, currently holding just above $7,000. The previous All-Time-High was recorded just recently on November 8th and was to the tune of 1,756 Bitcoin. Clearly, this is showing that there is continued growth in the exchange despite market conditions.
5. Blockchain-based video game distribution platform Ultra has added, Ubisoft, a giant French video game company as an ally. Ubisoft will be producing blocks to validate transactions on Ultra’s UOS blockchain which is a fork of EOS. According to the French gaming giant, if Ubisoft’s UOS blockchain testing is successful, then the company will also be part of the launch team for the mainnet. Ultra had previously suggested that its mainnet would be scheduled for a Q4 2019 launch.
6. Crypto analyst "Plan B" who burst onto the scene after adapting the stock-to-flow ratio to Bitcoin says this week’s steep drop in the price of BTC hasn’t changed his outlook. He said "-17% week. It’s just normal Bitcoin behavior. Note, we are still up 2x YTD, S2F model is just fine, nothing out of the ordinary." The model has proved extremely accurate for tracking Bitcoin’s past price action and according to the anonymous analyst PlanB, BTC remains on a path toward $100,000 sometime around the year 2021 and $1 million around 2025.
7. Charles Hoskinson, the founder of Cardano (ADA), said he believes that Bitcoin (BTC) will reach $10,000 and the whole market will eventually welcome a $100,000 Bitcoin. Hoskinson explained that there is a lot of FUD in the market and that this is affecting the price of Bitcoin at the moment. However he believes things could change in the future. He said " we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future."