- BitMEX CEO: Bitcoin Futures Will Drastically Increase Volatility;
- Americans Are Taking Out Mortgages to Buy Bitcoin ;
- Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin
- CoinEx Will Relaunch With Bitcoin Cash as the Default Trading Market
- France Will Allow Blockchain Platforms For Trading Securities
- BTC Trading Update by @cryptopassion
🗞 BitMEX CEO: Bitcoin Futures Will Drastically Increase Volatility
The rollercoaster ride that is Bitcoin has been epitomised in the last few days as the digital currency rocketed to the milestone of $10,000. Instead of bouncing off that target or consolidating, the second stage engine fired up, pushing the currency as high as $19,700 on one exchange. A correction followed, pushing the price down to $13,500 on the GDAX exchange.
Read more & Source: https://cointelegraph.com/news/bitmex-ceo-bitcoin-futures-will-drastically-increase-volatility
🗞 Americans Are Taking Out Mortgages to Buy Bitcoin
People are taking out mortgages to buy bitcoin, says securities regulator Joseph Borg. Coupled with accounts of credit cards and equity loans being used to obtain bitcoin, it raises the possibility of risk-taking investors being left deeply indebted or potentially even homeless.
Read more & Source: https://news.bitcoin.com/americans-taking-mortgages-buy-bitcoin/
🗞 Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin
Japanese conglomerate GMO Internet Group has introduced a payroll system to allow its 4,700+ employees to receive part of their salaries in bitcoin.
Read more & Source: https://news.bitcoin.com/japanese-internet-giant-gmo-pay-employees-bitcoin/
🗞 CoinEx Will Relaunch With Bitcoin Cash as the Default Trading Market
When it comes to cryptocurrency exchanges, it is often difficult to find the right trading markets. More specifically, most companies use Bitcoin as their primary trading markets. Some exchanges also feature Litecoin or Ethereum markets, but those are harder to come by. ViaBTC runs an exchange service known as CoinEx, which plans to make Bitcoin Cash its primary trading market.
Read more & Source: https://themerkle.com/coinex-will-relaunch-with-bitcoin-cash-as-the-default-trading-market/
🗞 France Will Allow Blockchain Platforms For Trading Securities
The change comes with a desire to have France grow in its international reputation as a center for finance and technology, hopefully competing with the neighboring London, which currently enjoys a much bigger presence in the field. According to a statement by Finance Minister Bruno Le Maire:
“The use of this new technology will allow fintech firms and other financial actors to develop new ways of trading securities that are faster, cheaper, more transparent and safer.”
Read more & Source: https://cointelegraph.com/news/france-will-allow-blockchain-platforms-for-trading-securities
BTC Trading Update by @cryptopassion
The BTC just did a little head fake regarding the previous top and is not correcting a little :
We need really to break the line that I traced on the double TOP if we don't want see a correction coming.
The Double TOP is a well known pattern which is very bearish. If that pattern is realized, we should go tested the support line of our previous trading range.
🗞 Daily Crypto News, December 11th💰
🗞 Daily Crypto News, December 10th💰
🗞 Daily Crypto News, December 9th💰
