Coinbase released the crazy. Did you get in on it? 😲
In my humble opinion...
it can all get a little overwhelming.
there's a right way and a wrong way to do something
we just saw the wrongest way possible lol
— #33kMoku (@CarpeNoctom) December 20, 2017
Coin of the Day
Worry about your business, not building a blockchain
(CRYPTO: SQZR) Building an application on the blockchain requires a lot of configuration, including setting up a node and an interface to access the blockchain data. It can be pretty overwhelming. Squeezer is a platform that helps developers to build high-quality blockchain software components with ease, without any burden of setting up the entire blockchain infrastructure. The project focuses on helping you build event-driven apps, such as HTTP requests and cron events (an automated computer program that triggers something at a set time) and are powered by services such as Amazon Web Services, Microsoft Azure, and Google Cloud. Squeezer believes that blockchain is the future, and it promises that its framework can connect you to the future.
If you owned Bitcoin Cash (BCH) yesterday, your portfolio probably looked incredible...for about ten minutes.
WTF is going on? Bitcoin Cash @ $8499 pic.twitter.com/d4Q9fYByn3
— Vinny Lingham (@VinnyLingham) December 20, 2017
BCH's price hovered around $2,000 on Monday but spiked to a jaw-dropping $9,500 on GDAX, Coinbase's affiliate company. BCH is now at a more reasonable $4,000...which is still an incredible increase. Trading was understandably halted. Bitcoin's price dropped as people (likely) funneled some of their funds into BCH's explosion yesterday.
Get a grip, Wall Street. It's the "year that banks hold digital currencies," so start acting like it.
Overstock.com's subsidiary tZERO launched their long-awaited ICO earlier this week and managed to garner around 2,000 accredited investors. The project is already registered with the Securities and Exchange Commission (SEC) in the US, which means they're not playing around. tZERO's product is an alternative trading system or "dark pools" based on the blockchain. "Dark pools" are private exchanges that allow users to trade securities without revealing to other members on the platform the size and price of the order. Ooooh, ominous.
Meanwhile, in Europe, the Group of 20 (G20) meeting in April 2018 will discuss Bitcoin. It sounds like the group will be approaching it from a regulation standpoint, rather than pure adoption. Still, it's a big deal. The French Finance Minister Bruno Le Maire said that the bankers and leaders need to "examine this and see how...with all the other G20 members we can regulate Bitcoin." 2018 is, after all, supposed to be the "year that banks hold digital currencies" – not only as a part of their balance sheet but also through distributing their own digital assets and seriously using blockchain.
Oh, and IOTA was heavily invested in by the Rober Bosch Venture Capital GmbH (RBVC). The group is apparently very interested in the project's "tangle" technology. Crypto and traditional business are coming together, and it's enthralling to watch it all go down.
A South Korean exchange was hacked yesterday, with around 17% of its assets lost, and forcing the company to close. The culprit? North Korea, or perhaps an inside job...you decide.
Here's a handy glossary of crypto lingo that you should probably know if you're planning on talkin' smack in the chat rooms. Or Twitter. Or Reddit.
Go Vlad – Russia is officially using blockchain to safely store and transfer documents. They're surprisingly open-minded, as long as the gov't can control it (duh).
Oh, and Charlie Lee, creator of Litecoin, sold all of his Litecoin. People are not happy.
Coin to Watch
Keep your eye out on Bitcoin Cash (BCH), it could really go either way. Pay attention to the news (duh).
— MΔgUra (@MagUra_Crypto) December 20, 2017