Monday, November 19Your Daily Bitcoin & Altcoin News Portal
Below $5K: Bitcoin Drops $500 to Set New 2018 Low

Below $5K: Bitcoin Drops $500 to Set New 2018 Low

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Below $5K: Bitcoin Drops $500 to Set New 2018 Low Bitcoin dropped below $5,000 for the first time in over 13 months on Monday. CoinDesk price data reveals the world’s largest cryptocurrency by market capitalization fell to $4,981 shortly after 16:30 UTC on Monday, signifying a dollar-decline of more than $500 for the day when the move occurred. That’s the lowest figure since Oct. 12, 2017, and as of press time, the price has recovered somewhat to $5,048 – still signifying a decline of more than 9 percent.  The broader cryptocurrency market accompanied BTC in its steep sell-off and has shed more than $15 billion in total market capitalization in the last 24 hours. Many cryptocurrencies are faring worse than BTC, including the lik
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Russian Authors’ Society to Launch Blockchain Platform for Intellectual Property Loans

Russian Authors’ Society to Launch Blockchain Platform for Intellectual Property Loans

BITCOIN
Please share if you find this article interesting. Russian Authors' Society to Launch Blockchain Platform for Intellectual Property Loans Major NGO the Russian Authors' Society (RAO) will launch a blockchain-based financial platform for intellectual property-secured loans, according to Russian news outlet TASS Nov. 16. RAO’s CEO Alexander Sukhotin revealed that the project, dubbed CoFi, is at its final stages of development and is set to be launched in the first quarter of 2019. The platform intends to bring together potential intellectual property rightsholders and investors that are ready to provide loan funds. The intellectual property market is facing a significant need for a system that will enable direct communication between rightsholders and investors, in order to issue l
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Blockchain Network’s Hard Fork to Triple TPS and Give Users Flexible Transaction Fees

Blockchain Network’s Hard Fork to Triple TPS and Give Users Flexible Transaction Fees

BITCOIN
Please share if you find this article interesting. Blockchain Network’s Hard Fork to Triple TPS and Give Users Flexible Transaction Fees A blockchain network is preparing for the imminent hard fork to the second version of its core system on 28 Nov – with users set to benefit from flexible transaction fees and the ability to develop their own plugins with ease. ARK has been preparing Core V2 of its platform for some time, and has stressed that its community will not be affected by the hard fork as long as they update their desktop or mobile wallets to the latest version. Upon launch, exchanges and node operators will be required to update to the new core codebase. Forking out for fees The team says one of the most exciting developments from the upgrade is its Dynamic Fees system,
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Thai Central Banker: A National Cryptocurrency Is Years Away – Bitcoin News

Thai Central Banker: A National Cryptocurrency Is Years Away – Bitcoin News

BITCOIN
Please share if you find this article interesting. Thai Central Banker: A National Cryptocurrency Is Years Away - Bitcoin News Altcoins Central bankers have been talking about issuing their own digital coins ever since they first saw the appeal that bitcoin holds for many people. However, the latest indications point to it being a very long time until we will see national crypto assets coming from any stable economies. Also Read: The Daily: Teens Want Bitcoin, Coinbase-Funded Game to Enter Beta Don’t Hold Your Breath for a Digital Baht The governor of the Bank of Thailand, Veerathai Santiprabhob, has revealed that a switch to digital currency will not happen in the country within the next three to five years, according to local media reports. The central banker said that the
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Ethereum Plunges 12%: Will ICOs Continue to Drag ETH Down?

Ethereum Plunges 12%: Will ICOs Continue to Drag ETH Down?

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Plunges 12%: Will ICOs Continue to Drag ETH Down? Bears hit the cryptocurrency market today, and Ethereum was among the most severe casualties.The world’s third largest cryptocurrency erased as much as $2.25 billion from its market cap. Meanwhile, its value plunged 12 percent from an intraday high at $177 to $155.60 – its new intraday low – within a few hours, according to aggregated data available at CoinMarketCap.com. Aayush Jindal, a crypto market analyst at NewsBTC, predicted further declines in the Ether-to-dollar market, citing a critical bearish trendline that is capping every upside attempt of the digital currency.SOURCE: COINMARKETCAP.COM“There is a key connecting bearish trend line formed with resistance at $17
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Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’ – Bitcoin News

Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’ – Bitcoin News

BITCOIN
Please share if you find this article interesting. Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’ - Bitcoin News Altcoins EOS, the $4 billion blockchain project developed by Dan Larimer, has been savaged in an exhaustive new review. The 17,000-word report, based on extensive laboratory testing, concludes that EOS’s real-world throughput isn’t much better than Ethereum’s and that its consensus algorithm doesn’t function properly. “In order to succeed as a base layer protocol, EOS needs to re-architect its infrastructure,” is the damning verdict. Also read: Cryptocurrency Memes: The Only Assets That Can Survive a Bear Market EOS Faces Its Sternest Test Yet The EOS team are accustomed to receiving criticism from haters and skeptics, but in Bitmex Resear
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China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization

China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization

BITCOIN
Please share if you find this article interesting. China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization A document published Nov. 12 on the official website of the Cyberspace Administration of China (CAC) calls on the country to “accelerate” the development of standards for the blockchain industry. The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain Technology and Industry Development Forum and director of the Software Engineering and Evaluation Center at China’s Electronics Technology Standardization Research Institute. The document argues that the development of a reference blockchain architecture standard is of crucial importance for guiding the selecti
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Cryptocurrency Is ‘a Big Deal’ But Needs Institutional Investment, Says KPMG Report

Cryptocurrency Is ‘a Big Deal’ But Needs Institutional Investment, Says KPMG Report

BITCOIN
Please share if you find this article interesting. Cryptocurrency Is ‘a Big Deal’ But Needs Institutional Investment, Says KPMG Report Netherlands-based ‘Big Four’ auditor KPMG released a bullish report on cryptocurrency Nov. 15. The report argues that institutional investors must join the industry for it to “realize its potential.” The report, dubbed ‘Institutionalization of Cryptoassets,’ focuses on why and how institutional investors should enter cryptocurrency, along with “challenges” the process faces and under what circumstances crypto could become a “full-fledged asset class.” “Cryptoassets have potential. But for them to realize this potential, institutionalization is needed,” the report’s authors argue, continuing: “Institutionalization is the at-scale participation in
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Korea’s Largest Power Provider to Use Blockchain for Eco-Friendly Micro Grid

Korea’s Largest Power Provider to Use Blockchain for Eco-Friendly Micro Grid

BITCOIN
Please share if you find this article interesting. Korea's Largest Power Provider to Use Blockchain for Eco-Friendly Micro Grid Korea’s largest power provider KEPCO says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid (MG), according to an official press release Nov. 19. KEPCO is a $15.9 billion market cap corporation in which the South Korean government and state-controlled bank hold a majority stake; it has a “virtual monopoly” over power generation and distribution in the country, according to Asia-focused publication Nikkei. KEPCO’s new “Open MG” will reportedly harness blockchain and other technologies to improve energy infrastructure, particularly for the local hydrogen economy. To this end, it will focus on decentraliz
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Breaking the Peg: Every Stablecoin Has Its Points of Failure

Breaking the Peg: Every Stablecoin Has Its Points of Failure

BITCOIN
Please share if you find this article interesting. Breaking the Peg: Every Stablecoin Has Its Points of Failure This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision In the year of bear markets and curbed enthusiasm, stablecoins have emerged as the asset class with which many of the crypto community associate high hopes for the long-anticipated mass adoption. As these cryptocurrencies have come to be viewed as a promising tool to alleviate volatility – presumably the major hurdle in the way of digital assets becoming a vehicle of everyday transactions for millions of consumers – they enjoy massive media coverage, community and investor attention, and merit so