Welcome to my Cryptocurrencies Market Overview for Friday, December 15, 2017.
Today in the news:
- Bitcoin pops to new all-time high above $18,000.
- Bloomberg adds Ripple, Ethereum and Litecoin to its terminal service, which is used by major banks and investment houses worldwide.
- eBay is seriously considering integrating Bitcoin into its platform as a payment method.
- And more news below...
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Latest Crypto News - December 15, 2017
Bitcoin Price Climbs Above $18,000 Again in end-of-year Sprint
The past few days were not overly kind to the Bitcoin price. Although no major corrections have occurred, the Bitcoin price has been remarkably flat for quite some time now. That has all come to change over the past 24 hours, as the BTC price suddenly started moving up again. Thanks to solid gains, we are now looking at a value of just over $18,000. Maintaining this momentum may not be possible for more than a few hours, though.
Read more: themerkle.com
Other sources:
- Bitcoin pops to new all-time high (Businessinsider)
- Bitcoin hits new record high as warnings grow louder (Reuters)
- More to Come? Bitcoin Sets Record High Near $18k (Coindesk)
Ethereum Browser Bug Could Put User Funds At Risk
Using ethereum browser Mist may put cryptocurrency private keys at risk, according to an Ethereum Foundation blog post published today.
Read more: coindesk.com
Bloomberg Adds Ethereum, Litecoin and Ripple to Its Terminal
As the value of bitcoin started to soar, it began to attract more mainstream investors and eventually caught the interest of financial professionals. Now, the same thing is happening with other digital currencies. The latest evidence of this is Bloomberg’s decision to add prices for three other crypto-currences—Ripple, Ethereum and Litecoin—to its terminal service, which is used by major banks and investment houses worldwide.
Read more: fortune.com
Other sources:
- Bloomberg Terminal Adds ETH, LTC and XRP Pricing; Validation for Cryptocurrencies
- Ethereum, Ripple and Litecoin Boom As Bloomberg Adds Them To Terminal
Senior VP Says eBay “Seriously Considering” Bitcoin Integration
eBay, the $39 billion e-commerce platform, is seriously considering integrating Bitcoin into its platform as a payment method. In an interview with Yahoo Finance, eBay Americas senior vice president Scott Cutler stated that eBay is “seriously considering” integrating Bitcoin.
Read more: cointelegraph.com
US Government to Sell Off $10 Million in Seized Bitcoin and Bitcoin Cash
The U.S. government is planning to sell off confiscated bitcoins seized during an opioid drug case that are now worth almost $10 million in the wake of the recent spike in prices.
Read more: coindesk.com
An Anonymous Early Adopter Is Donating 5,057 BTC ($86M) to Charity
This week an early bitcoin adopter announced on the forum Reddit that he had so much bitcoin he plans to donate 5,057 BTC (US$86Mn) to charitable causes. So far the anonymous donor created a website called the ‘Pineapple Fund,’ and has already donated $5M in bitcoins to some well known nonprofit organizations.
Read more: bitcoin.com
Survey: Most Bitcoin Investors Expect Even Fatter Returns in 2018
Most bitcoin investors in the U.S. are expecting the cryptocurrency to perform even better next year than this year's seventeen-fold appreciation, according to a newly published survey.
Read more: coindesk.com
Huge price gap between bitcoin futures and bitcoin is shrinking
The exorbitant price gap between bitcoin futures and the underlying digital currency is beginning to dwindle. The spread between the two has narrowed by more than half, in a sign that the bitcoin futures market may be getting more efficient less than a week after the futures’ debut on Cboe Global Markets Inc.
Read more: indiatimes.com
South Korea Releases Emergency Measures for Cryptocurrency Regulation
South Korea’s government released emergency measures for cryptocurrency regulation on Thursday. Bitcoin exchanges will now be regulated. Among other measures, there will be a ban on banks, minors, and foreigners trading cryptocurrency as well as a clampdown on virtual bank accounts needed to trade cryptocurrencies in Korea.
Read more: bitcoin.com
Other sources:
Bitcoin May Lead to the Disappearance of Banks: Israeli Prime Minister
Bitcoin’s rapid rise may be linked to the impending obsolescence of banks, according to the Israeli Premier.
Read more: cryptovest.com
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