Main Topic: The Rise of Private Cryptocurrencies, Verge, Monereo, Dash, ZCash are on the rise. As Bitcoin becomes more mainstream the idea of a way to cloak transactions are becoming less viable in some people’s opinions. There have been forum posts from community members detailing accounts being closed for using gambling services or making purchases on a darknet market. Consequently, some people have looked to the altcoin scene in hopes of a totally anonymous cryptocurrency.
News: After Second Hack This Year, South Korean Exchange Youbit Closes Down. South Korean exchange Youbit announced on its website today that it is closing down after a hack early Tuesday, December 19, 2017, that resulted in the loss of 17 percent of its assets. Meet "Pine," the Bitcoin Philanthropist Who Set Up the $85 Million Pineapple Fund. Yesterday, one post set the Bitcoin subreddit on fire: An anonymous Bitcoiner who goes by the name of “Pine” announced that they are establishing the Pineapple Fund to donate 5,057 BTC, worth about $86 million at today’s exchange rate, to charitable causes.
Tech Tip of the Day: Kimcoin
Coin Talk: Coin Market Recap, Verge, BCH, BTC LiteCoin, Ethereum, DASH, CARDANO