🗞 Daily Crypto News, December 9th💰

Steemit Statistics & Big Data: End of November Update ;
December, 11th : 📣Bitcoin Futures will be Crypto Market's Black Tuesday !📣;
Litecoin Approaches $200 in Monster Rally;
Bulgarian Official Denies Country Possessing $3.2 Billion in Bitcoin ;
Bitcoin, Other Cryptocurrencies Will Play Key Role in Society Says Yahoo’s Jerry Yang
Zcash Sets Roadmap for Blockchain Upgrades in 2018
STEEM Trading Update by Hive account@cryptopassion

Steemit Statistics & Big Data: End of November Update

We reached 19mn visits in November ALONE.

The number of Daily visits is quite consistent between 400k and 600k in August and September. It has been improving in October at 600k+.
November metrics ! Up to 800k+

🗞 December, 11th : 📣Bitcoin Futures will be Crypto Market's Black Tuesday !📣

The biggest news in derivatives world is the impending launch of Bitcoin futures, first by CBOE, then shortly thereafter by CME.

In this post I will explain why I think that Bitcoin Futures Trading will bring a huge Bear Market.

Why Futures are a threat to Bitcoin and Cryptos?

I am a Crypto HODLer but we have to admit that it is very difficult to justify the stratospheric price and why it rocketed in 2017.

Don’t forget that cryptocurrencies erode the demand for fiat currencies (therefore fiat currencies depreciate vs cryptocurrencies). This is not a good news for Central Banks and Governments:

🗞 Litecoin Approaches $200 in Monster Rally

Litecoin (LTC) has reacted to Bitcoin’s impressive surge earlier this week with a massive run of its own. With Bitcoin finally cooling down, Litecoin is approaching a 100% price increase in just 24 hours. Litecoin is now trading at just over .01 BTC, a point which has historically been difficult to break through and remain at or above. The price of Litecoin is rapidly approaching $200, and the coin now boasts the sixth largest market cap at almost $9 billion.

🗞 Bulgarian Official Denies Country Possessing $3.2 Billion in Bitcoin

In May, a series of raids by Bulgarian law enforcement were reported to have resulted in the seizure of over 213,000 BTC, at the time valued at more than $500 million and now worth $3.2 billion USD. Yesterday, however, the head of Bulgaria’s Special Prosecutor’s Office, Ivan Geshev, stated that the Prosecutor’s Office and the Interior Ministry did not seize the bitcoins.

🗞 Bitcoin, Other Cryptocurrencies Will Play Key Role in Society Says Yahoo’s Jerry Yang

“Bitcoin as a digital currency is not quite there yet. People are not using it to transact. People are using it as an investable asset. I personally am a believer in where digital currency can play a role in our society. Especially in, not only the front end of doing transactions but also in the back end of creating a much more efficient system and a much more verifiable system”.

🗞 Zcash Sets Roadmap for Blockchain Upgrades in 2018

The zcash development team is planning a series of network upgrades for next year, according to a roadmap published today.

Writing on the zcash blog, co-founder Zooko Wilcox and CTO Nathan Wilcox detailed two milestone upgrades – "Overwinter" and "Sapling" – the latter of which was discussed in a roadmap update earlier this year. According to the post, the goal of next year's upgrades is to "further upgrade zcash's performance, security, and usability."

STEEM Trading Update by @cryptopassion

Like on the SBD, a correction is expected on the STEEM :

The STEEM formed a DOJI which is an indicator of a change of direction.
We should do at least a correction to go touch the MMA13.
Stay in tune and follow my next publications.

🗞 Daily Crypto News, December 8th💰
🗞 Daily Crypto News, December 7th💰
🗞 Daily Crypto News, December 6th💰