Cryptocurrencies Market Overview - December 29, 2017
Today, it's only 1 month ago when Bitcoin hit $10,000 for the first time. It feels more like a year when you follow the Bitcoin price on a daily basis.
Welcome to my Cryptocurrencies Market Overview for Friday, December 29, 2017.
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart (log scale)
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - December 29, 2017
Bitcoin Rebounds Above $14,000 as Investors Find a Bottom
Bitcoin appeared to find a bottom Friday, rebounding above $14,000 after moves by South Korea to curb speculation and protect retail customers sent the cryptocurrency sliding yesterday.
Read more: bloomberg.com
South Korean Government Stressing Over “Irrationally Overheated” Bitcoin Market
Bitcoin’s tumultuous December continued this week as the South Korean government expressed concerns at the lack of regulatory control over cryptocurrency exchanges.
Read more: cointelegraph.com
Other sources:
Crypto Exchange Poloniex to Impose Customer ID Requirements
One of the longest-running cryptocurrency-only exchanges is taking steps to bring its customer registration processes in line with the wider industry. Announced on Dec. 27, U.S.-based exchange service Poloniex revealed it will soon disable all legacy accounts, that is unless these users complete the same verification process as its newer account users who must complete know-your-customer (KYC) due diligence. The exchange said a deadline for identification verification will be released within the first quarter of 2018.
Read more: coindesk.com
What the Fork? New SegWit2x Launches With Massive Premine, Unknown Development Team
The new SegWit2x, a revival of the original hard fork designed to help with the scalability issues of Bitcoin, was scheduled to happen at Bitcoin block number 501451. That block was mined at around 6PM UTC, Dec. 28, and the team behind the project announced its official launch.
Read more: cointelegraph.com
Other sources:
'How to buy bitcoin': The 10 top tasks people Googled in 2017
Google recently released its list of the year's top trending topics and it may come as little surprise that "how to buy bitcoin" was one of the tasks people searched for most in 2017.
Read more: cnbc.com
Other sources:
Israel Seems Unsure About Where to Go with Digital Currency
Crypto can be an extraordinarily complicated arena, which probably explains why countries like Israel can’t seem to make up their minds about it. The nation recently announced it’s examining the possibilities of releasing a national cryptocurrency in the coming years, while at the same time, several regulators want bitcoin companies banned from the Tel Aviv stock exchange.
Read more: bitsonline.com
Bitcoin fund donates millions in cryptocurrency to universal basic income charity
Bitcoin and universal basic income were two concepts of fierce debate within global business communities in 2017. Now, a bitcoin fund has announced that it has committed $5m (£3.7m) worth of the cryptocurrency to the charity behind a massive universal basic income experiment across parts of Kenya and Uganda.
Read more: independent.co.uk
Tech investor Roger McNamee thinks 2018 will be a decisive year for bitcoin
Bitcoin might be all hype, but it could withstand a crash and become legitimate, particularly if it sees enough gains in 2018, according to tech investor Roger McNamee.
Read more: cnbc.com
Belarus recognizes cryptocurrencies in bid to become bitcoin haven
Russia's western neighbor, Belarus, has officially recognized bitcoin, cryptocurrencies, their mining and initial coin offerings (ICOs), becoming one of the first countries in Europe to do so.
Read more: rt.com
Indian Government Compares Cryptocurrencies to Ponzi Schemes
India’s finance ministry has just issued a notice warning citizens about the risks of investing in cryptocurrencies, including Bitcoin.
Read more: cryptovest.com
Will Bitcoin's Lightning Network Kill Off Altcoins Focused on Cheap Transactions?
The transaction fees on the Bitcoin network have skyrocketed to new all-time highs of over $30 in the past couple of months, which has led some to suggest that there could now be an opening for a cheaper, less congested alternative to the world’s most popular cryptocurrency.
Read more: forbes.com
Bitcoin was able to move up and down so fast which usually does not happen with most cryptocurrency that’s why it feels like the journey of bitcoin has been long . There’s lots more of jumps and bumps coming in 2018
On coinbase bitcoin is $14,415
It's better thinking
good work and good informations..
The latest information in the Cryptoconvulsions Market has told us that these are really important for us and importantly I appreciate your experience and knowledge. You actually talk about many important things that actually all of us know and understand. There are so many things in the online world that we understand the common people That is why I try to understand them and understand what is up One day we will be successful in trying adera
Let the Indian government regard it as ponzi for all i care, cryptocurrency is here to stay. The market trends and its volatility in both upward and downward trends makes the music in trading.
The rapid spikes and downward spiral is enough to get day traders neck pinned and their intestines rustling but its good for the market that forex is not the only regulated trading in the world
It can only get bigger and better with altcoins spillover here and there - both the good, the bad and the ugly. Such is a new trend and its something to look out for everyday in a bid to accumulate some coins in the wallet as exchangers have a field day in high transaction fees.
Great post by @penguinpablo
I agree with you by reading pros and cons of crypto currency here:
https://steemit.com/crypto/@techstack/pros-and-cons-of-crypto-currency-you-may-know
Ha! WS said the same about BTC, while never giving the 'unsuspecting' a clue about a guy who Madoff with their money. Smh...Give me a break!
Crypto is an enigma. I can hardly wait to see how hard those of this world will push back when the regulations start trickling down the pike. I notice that Poloniex has yielded a bit. I suspect it's only the beginning of a very huge domino effect.
Peace.
Excellent Information, with good graphics. Although my upvote has less power but for appreciation upvote and resteemed @penguinpablo
Thank you @penguinpablo for sharing good information.
Promising ICOS and how to know them
https://steemit.com/ico/@jephline/promising-ico-and-how-to-spot-them
your post is very interesting.
but I want to ask you, how do you think about the development of 2018 bitcoin price in the future?
I just want to survey some people