Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Monero’s Oct 18th Beryllium Bullet hard fork, or Bulletproof update, makes lots of changes to the system that fix bugs, speed things up, increase privacy, lower transaction fees, and more.
People are joking that Bitcoin is the new stable coin because it hasn’t moved much recently despite US equities entering a correction. Meanwhile many big name stable coins have been released at once. Is this stable coin season?
Initiative Q is offering free “money” (“Q” in this case) to get you and your friends to sign up for its managed crypto-like payments system. Their site says all “Q” should be worth $2 trillion dollars. BIG RED FLAGS here folks. Let’s go over what Q is, some warnings, and how to sign up safely if you are determined to do so.
The recent sell of in the stock market hasn’t had any significant impact on crypto prices. This is one bit of evidence that crypto may be an uncorrelated asset.
Coinbase users can now access the stable coin USDC. Also, Coinbase Custody just obtained an important license.
Bakkt launches Dec 12th, 2018 assuming the CFTC doesn’t block them. That means daily futures contracts start Dec 12th. We explain the Bakkt launch.
Although Tether mostly stabilized and nearly regained its $1 peg after becoming “untethered” on Oct 15 2018, it is still trading under $1. This has some notable implications.
A lot has happened in crypto in October 2018 despite the price of Bitcoin staying rather stagnant. Let’s do a quick review of October 2018 so far.
A bit of milestone today, ETCG traded below the cost of ETC. For an asset that used to trade at over 2x of ETC’s value, that is a little mind blowing.
Bitcoin has been trading in an increasingly tight range, squeezed in a large triangle/wedge, between key EMAs, with bands tightening, with EMAs converging, resisting $6k over and over, and trading around mining costs. Meanwhile volatility is lowest its been in 15 months.
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