Welcome to my Cryptocurrencies Market Overview for Friday, January 05, 2018.
Today in the news:
- The bitcoin price made a bullish leap today, crossing $16,000 to reach its highest point of the year.
- RSK Labs has finally mined its genesis block. Bitcoin-based smart contracts are coming.
- Mark Zuckerberg is 'studying' cryptocurrency. I have written this post about it earlier today.
- And more crypto news below...
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Latest Crypto News - January 05, 2018
Bitcoin Price Barrels Past $16,000 as Altcoins Enter Decline
The bitcoin price made a bullish leap on Friday, crossing $16,000 to reach its highest point of the year. The ripple price, meanwhile, declined nearly 11 percent as the weeklong altcoin rally appears to have hit a wall.
Read more: ccn.com
Other sources about Bitcoin's price:
- Bitcoin Price Shoots Past $16,400 Again on the Road to Recovery (Themerkle)
- Bitcoin Hits Multi-Week Highs Despite Continuing Altcoin Surge (Cointelegraph)
Multiple Bitcoin debit card providers suspend service under orders of Visa
The Bitcoin community is reeling after several pre-paid crypto debit card providers abruptly suspended service. The companies affected include Bitwala, Cryptopay, Wirex, and TenX.
Read more: thenextweb.com
RSK Mines Its Genesis Block – Bitcoin Now Has Ethereum-Like Smart Contract Platform
RSK Labs has finally mined its genesis block and formally launched its long-awaited Bitcoin-based smart contract platform and sidechain on the mainnet. While still in beta with limited distribution, the new RSK sidechain is expected to offer significant scaling benefits to the Bitcoin network.
Read more: bitcoin.com
Zuckerberg to Study Cryptocurrency in Quest to Decentralize Facebook
Facebook CEO Mark Zuckerberg announced Thursday he plans to study cryptocurrencies and other decentralizing technologies as part of a larger bid to improve the social networking service he co-founded.
Read more: coindesk.com
Other sources:
- Mark Zuckerberg is 'studying' cryptocurrency, which could help Facebook catch Asian rivals (CNBC)
- Mark Zuckerberg Says Facebook to Look Into Cryptocurrency (Bloomberg)
Ethereum Surpasses $1,000 For the First Time, Factors Behind Increase
Ethereum’s native cryptocurrency Ether has surpassed the $1,000 mark for the first time, achieving a new all-time high merely five days into 2018. The recent surge in Ether price and the market valuation of the Ethereum Blockchain network can be largely attributed to two main factors: the abrupt surge in the value of Ripple (XRP) and the rising user activity of decentralized applications.
Read more: cointelegraph.com
Other sources:
Bitcoin Miners Are Shifting Outside China Amid State Clampdown
As China’s crackdown on cryptocurrencies broadens to bitcoin miners, some of the industry’s biggest players are shifting operations overseas.
Read more: bloomberg.com
Other sources:
- This could be the beginning of the end of China’s dominance in bitcoin mining
- Bitcoin Miners Could Face Power Restrictions in China
Bitcoin Q&A: Hyperbitcoinization
What is "hyperbitcoinization" and when / where will it occur?
New Partnership Brings Dash Cryptocurrency to 10,000 Retailers in Spain
Privacy-focused cryptocurrency Dash has signed a partnership with Spanish startup Bitnovo to bring the cryptocurrency to 10,000 retailers throughout Spain. The partnership will allow consumers to purchase Dash in stores through coupons and in selected Carrefour and Media Markt outlets through the purchase of gift cards.
Read more: coinjournal.net
Survey: Most People Have Heard of Cryptocurrency, But Don't Have a Clue What It Is
A majority of American adults have heard of cryptocurrency, but most do not have an idea what it is.
Read more: cryptovest.com
Jeff Garzik Is Reworking the Segwit2x Code
The controversial scaling proposal Segwit2x may have been officially called off this August, but that doesn't mean its former lead developer is giving up on plans to keep its codebase alive.
Read more: coindesk.com
US States Issue Warnings Over Cryptocurrency Investments
The American states of Idaho and Alaska have both issued warnings over investments involving cryptocurrencies.
Read more: coindesk.com
Look like the China news of forcing miners out and crypto credit/debit cards no longer valid are ways the government is trying to slow crypto growth.
State of Idaho and Alaska government being outright negative on crypto is also trying to stunt crypto growth. Either way crypto is here to stay. Will it make people rich is a different story but there is just to many potential use that people with power simply will not be able to deny. Thanks for the summary of stories.
great post, thanks for all of the information! I think seeing how Facebook try to embrace decentralisation will be an extremely interesting journey in 2018 onwards - It is clear that they failed to "give power to the people", which is what they had first intended to do. Watching them try to rectify this when there are so many established and increasingly platform decentralised industries and platform will be interesting.
I'm not sure if anyone has heard yet, but Electroneum have just partnered with Xius, a huge mobile and payments technology company. I've written a post about it if you are interested.
It sounds like the right thing to do, but I'm skeptical of anything Facebook does at this point.
I agree there, but with such a large user base, I imagine they will manage to survive the shift to decentralisation. I might do a post with the possible ways that Facebook could shift towards decentralisation, if anyone is interested.
Good Analysis
Very informative blog. Untill a week age I was completely ignorant of Cryptocurrency. After joining Steemit I found its real worth. Your blogs are very helpful indeed.
Full informative post. Thanks for sharing. @penguinpablo
helllo penguinpablo .. I was using your steemnow site, and love it! I don't know how else to communicate with you, so just found your blog and posting this here.
I have come to an interesting idea, I think, something I would like anyway.
What if you included an option to have value of posts/comments to be calculated using the base value of steem instead of the market value? Now my values fluctuate so much, and considering that I am investing it all back into steem, I have no need to know the 'market value' at this time, and would like a realistic understanding when things change, what my actual payout will be in steempower/sbd.
Thank you for creating such a wonderful tool for examining rewards!
It's interesting to see another small leap from bitcoin, it has been struggling around 14k, 15k.
Am hopeful for it, i had just bought some ripple to make myself feel better. Though was still holding my btc.
Thanks for the analysis, i will be checking out sometime again.
Nice
Thx
I think this is a great post.
Thanks for all of the information.
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Good Analysis
You done a great work
Upvote & Resteemed
thank you kindly for all this information to soak in about the crypto markets! Will read it all slowly. Thx again
thanks for the recap!