Welcome to my Cryptocurrencies Market Overview for Wednesday, January 10, 2018.
Today in the news:
- Cryptocurrency markets are having a tough time today, with major losses across most of the top 30 coins.
- VPN service TorGuard launches Bitcoin Mainnet Lightning payments.
- Microsoft restores Bitcoin payments after temporary pause.
- Venezuela's oil-backed cryptocurrency declared illegal.
- And more crypto news below...
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Latest Crypto News - January 10, 2018
Crypto Market In Red, Total Market Cap Down $100 Bln Since Monday
Cryptocurrency Markets are having a tough time, with major losses across most of the top 50 coins to start the day Wednesday, Jan. 10. The total market capitalization of all cryptocurrencies is down from $800 bln on Jan. 7 to around $709 bln Jan. 10.
Read more: cointelegraph.com
More news sources about Bitcoin's price:
Ripple Price Plunges 20% But Ethereum Continues to Rise in Shaky Market
The cryptocurrency markets made a bearish pivot on Wednesday, plunging nine of the 10 largest cryptocurrencies into negative territory. The ripple price bore the brunt of the blow and fell 20 percent to sink below the $2 mark, but the damage was not isolated to XRP. Ethereum, meanwhile, continued to advance toward record highs in spite of the poor performance of the wider markets.
Read more: ccn.com
More:
TRON’s Whitepaper Appears to Plagiarize from Filecoin and IFPS
A whitepaper published by decentralized content distribution platform TRON appears to plagiarize at least two whitepapers written by Protocol Labs, the creator of both IPFS and Filecoin.
Read more: ccn.com
Microsoft Resumes Bitcoin Payments After Halt Over 'Instability'
Tech giant Microsoft is once more accepting bitcoin payments on its online store. According to Bleeping Computer, Microsoft temporarily suspended bitcoin transactions last week, with company sources citing the "unstable" state of the cryptocurrency. The reason was likely due to bitcoin's current high volatility and fees, the tech news source added.
Read more: coindesk.com
Other sources:
Bitcoin Fees Near-Zero as Company Launches Mainnet Lightning Payments
Anonymous VPN service TorGuard has become one of the first consumer businesses to accept Lightning Network (LN) payments for Bitcoin.
Read more: bitcoinist.com
Smart Contracts Proposal MAST Inches Closer to Bitcoin's Code
A long-standing proposal to bring "smarter" smart contracts to bitcoin's main net has just taken one step closer to implementation. Developers have submitted a pull request for Merkelized Abstract Syntax Trees (MAST), marking the first time this smart contracts proposal has been the subject of a pull request seeking its integration into bitcoin's code.
Read more: coindesk.com
Venezuela’s Oil-Backed Cryptocurrency Declared Illegal
The Venezuelan parliament has declared the oil-backed cryptocurrency created by President Nicolas Maduro illegal and in violation of the country’s Constitution. Maduro’s decree to create the national cryptocurrency, the petro, has been declared null and void.
Read more: bitcoin.com
Other sources:
- State Cryptocurrency ‘Petro’ is Illegal, Declares Venezuela’s Congress
- Venezuela's Planned Petro Cryptocurrency 'Illegal,' Says Congress
Bitcoin Q&A: From barter to abstract money
Centrally controlled currencies were not the norm for most of human history, and in many small-scale human societies today it is still not the norm. Will people in more barter-based, technologically illiterate economies be able to adopt cryptocurrencies like bitcoin? What does the type of money people use say about their level of social organisation? Why are abstract forms of money the most useful for trade on large scales?
¥300 Million: Japan’s First Crypto Fund to Invest in Bitcoin, Cryptocurrencies
Japanese financial information provider Fisco will launch a cryptocurrency fund worth over300 million yen ($2.66 million) to invest in bitcoin and other cryptocurrencies this month.
Read more: ccn.com
Bitcoin could ‘easily double’ in 2018, says Fundstrat’s Tom Lee
One of Wall Street's biggest bitcoin bulls says the cryptocurrency could "easily double" or even triple in 2018. In August 2017, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, predicted bitcoin's rally above $10,000 and declared that the digital currency would outperform equities through the end of the year. Sure enough, bitcoin rallied to a high near $19,800 in December, with its performance widely outpacing stocks.
Read more: cnbc.com
Lightning Network enables Unicast Transactions in Bitcoin. Lightning is Bitcoin’s TCP/IP stack.
It has recently come to my attention that there is a great deal of confusion revolving around the Lightning Network within the Bitcoin and Bitcoin Cash communities, and to an extent, the greater cryptocurrency ecosystem. I’d like to share with you my thoughts on Bitcoin, Blockchain, and Lightning from a strictly networking background.
Read more: medium.com
