🗞 Daily Crypto News, December 18th💰

Bitcoin Fees Have Become Infeasible;
Media Continues to Slam Bitcoin as CME Futures Market Opens, Price Slips 4%
Massachusetts Joins List of US States Hostile to Bitcoin
Where Have All the Private Blockchains Gone?
What Is Super Bitcoin?

Crypto has been a magical journey so far. Nevertheless, I would advise everyone and especially new comers to be careful as it can go down as fast as it went up.

Take care my CryptoFriends.

🗞 Bitcoin Fees Have Become Infeasible

In 2013, one bitcoin cost $20. In 2017, it costs $20 to send one bitcoin. With record highs, thriving adoption, and media attention, this should be a celebratory time for bitcoin believers. And yet it’s hard to shake the feeling that something isn’t quite right. How did we reach a point where the world’s bank killer and Western Union crippler has become incapable of taking on the institutions it once sneered at? Bitcoin is hot as hell right now. But it’s also a mess.

🗞 Media Continues to Slam Bitcoin as CME Futures Market Opens, Price Slips 4%

Bitcoin futures are down as the world’s largest futures market, CME Group, opens trading. Immediately after trading began, Bitcoin futures contracts closing in January jumped to $20,800 before falling to $18,800 at press time. Contracts expiring in February, March and June are still priced at $20,000. Considering Bitcoin’s current spot price of $18,500, Wall Street still seems mildly bullish.

🗞 Massachusetts Joins List of US States Hostile to Bitcoin

Lifelong Massachusetts politician, William Galvin, Secretary of the Commonwealth, turned sudden investment and currency expert this week, is issuing a seven-point warning about the perils of bitcoin. The uncharitable statement lands New England’s most populated region in the hostile category, joining a half dozen other states in anti-bitcoin mania.

🗞 Where Have All the Private Blockchains Gone?

The past six months have seen a great deal of excitement in the crypto space – bitcoin passed $10,000, billions were raised in ICOs and mainstream financial institutions like CME Group and CBOE launched cryptocurrency-based derivatives.

This is all a far cry from this time last year when bitcoin was languishing at $400 and the total market cap of the entire space was $15 billion, less than 5% of today’s figure.

So, what were we talking about in December 2016 then? The answer, for those who don't remember, is private or permissioned blockchains, also known as "distributed ledgers."

🗞 What Is Super Bitcoin?

The number of active and upcoming Bitcoin hard forks is quite stunning. While most people may only be able to name one or two forks, there are quite a few other projects out there as well. Super Bitcoin, for example, is one of the more recent hard forks. Although it has flown under most people’s radars, there is a genuine interest in the project. It also has the support of quite a few cryptocurrency exchanges right now.

Read more & Source: https://themerkle.com/what-is-super-bitcoin/

🗞 Daily Crypto News, December 17th💰
🗞 Daily Crypto News, December 16th💰