Welcome to my Cryptocurrencies Market Overview for Thursday, December 14, 2017.
Today in the news:
- Bitcoin Cash price eyes the $2,000 Target.
- Israeli PM Netanyahu says Bitcoin is rising as banks are destined to disappear.
- South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies.
- And more news below...
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Latest Crypto News - December 14, 2017
Bitcoin is a “Highly Speculative Asset”: Fed Chair Yellen
Federal Reserve Chair Janet Yellen turned a skeptical eye on Bitcoin’s recent boom, downplaying the cryptocurrency’s value and influence at her last press conference as head of the central bank.
Read more: cryptovest.com
Other sources:
- Federal Reserve Chair: “Fed Doesn’t Really Play Any Regulatory Role” in Bitcoin (Bitcoin.com)
- Bitcoin 'Highly Speculative,' Says Yellen (Investopedia)
Bitcoin ETFs Seek Approval Following Launch of Futures
Two companies have recently applied to the US Securities and Exchange Commission (SEC) for approval of their new Bitcoin Exchange-Traded Funds (ETFs). According to its real-time filings system EDGAR, the SEC received new applications for REX Bitcoin Strategy ETF, and REX Short Bitcoin Strategy ETF on Dec. 8 and VanEck Vectors Bitcoin Strategy ETF on Monday.
Read more: cointelegraph.com
Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear
With the meteoric rise in the value of bitcoin this year and the media cacophony around it, its a surprise that not all world leaders have spoken about the subject yet. One political figure that we can now rest assure is keeping an eye on bitcoin is Israeli Prime Minister Benjamin Netanyahu.
Read more: bitcoin.com
Not Just Bitcoin: Ethereum Passes $750, Dash Approaches Magic $1k
Ethereum (ETH) is crossing $750 for the second time in a day as prices continue hitting unbelievable all-time highs. In a frenzy of activity mirroring Bitcoin, ETH appears to be on track to continue its own historic surge, with the magic $1,000 price tag just $255 away.
Read more: cointelegraph.com
Venezuelans Seeing Bitcoin Boom as Survival, Not Speculation
In the last month, John Villar has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his startup business in Venezuela — all in bitcoin.
Read more: nytimes.com
CV Market Watch: Bitcoin Cash (BCH) Breaks Above $2,000
Toward the end of the week, another BCH pump caused a wild ride within hours, taking BCH toward $2,000 after being depressed for weeks.
Read more: cryptovest.com
Someone Is Selling Their Miami Penthouse for 33 Bitcoins
A "spectacular" Miami penthouse has recently been listed for 33 bitcoins, which, as of Wednesday night, is the equivalent to $549,000. It’s also important to note that the seller will not accept any other form of payment.
Read more: complex.com
Other sources:
South Korean Banks Drop Crypto Accounts as Government Plans a Ban
South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements include Shinhan Bank, Korea Development Bank, and Industrial Bank of Korea.
Read more: bitcoin.com
Another 50 Million USDT to Hit the Markets Soon
Mid-week, the Tether minted wallet produced two tranches of 25 million coins, which are still unsent, but may hit the markets in the next few days.
Read more: cryptovest.com
Bitcoin Cash Price Eyes the $2,000 Target as Bitcoin’s Struggle Becomes More Apparent
With all cryptocurrencies surging in value right now, a lot of people are making solid money without lifting a finger. That is also one of the most popular aspects about cryptocurrency, as it is nearly passive income. The Bitcoin Cash price, for example, has increased quite a bit over the past week. Maintaining the $2,000 level is pretty difficult for now, though, but things may improve in the next few days and weeks.
Read more: themerkle.com
India's Tax Department Collects User Data at Multiple Bitcoin Exchanges
The Indian Income Tax Department has visited bitcoin exchanges across the country seeking to identify users.
Read more: coindesk.com
