🗞 Daily Crypto News, December 8th💰

Steemit Statistics & Big Data: End of November Update
The Threat of Bitcoin Futures;
Cat Fight? Ethereum Users Clash Over CryptoKitties;
Huobi, SBI Announce Plan for Japanese Bitcoin Exchanges
200,000 Unconfirmed Transactions Pile Up in Another Crazy Day for Bitcoin
Australian Stock Exchange Will Become World’s First to Adopt Blockchain
BTC Trading Update by @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+

🗞 The Threat of Bitcoin Futures

Side effects

That's important. Why? Because institutional investors will like that. Size and liquidity make fund managers feel less stressed than usual.

The bitcoin market seems to be excited at all the institutional money that will come pouring into bitcoin as a result of futures trading. That's the part I don’t understand.

It’s true that the possibility of getting exposure to this mysterious asset that is producing outstanding returns on a regulated and liquid exchange will no doubt entice serious money to take a bitcoin punt. Many funds that are by charter prohibited from dealing in “alternative assets” on unregulated exchanges will now be able to participate.

🗞 Cat Fight? Ethereum Users Clash Over CryptoKitties

As profiled by CoinDesk, the cat-trading game had grown so popular earlier this week that it was clogging the ethereum network, slowing down transaction times. Now, however, congestion is reaching unprecedented levels, with a record-breaking 30,000 transactions stuck and waiting to be processed at press time.

He told CoinDesk:

"The miners raising the block gas limit is the only short-term solution against our new feline overlords for now."

🗞 Huobi, SBI Announce Plan for Japanese Bitcoin Exchanges

Cryptocurrency exchange Huobi is partnering with Japan-based investment group SBI to launch a pair of cryptocurrency exchanges.

🗞 200,000 Unconfirmed Transactions Pile Up in Another Crazy Day for Bitcoin

Exchanges overloaded. DDoS attacks. Huge price spikes, flash crashes, and order cancellations. Over 200k transactions queued, some for more than 24 hours, in the mempool – despite paying high fees. Just another crazy day in bitcoin, a land where every day seems to be wilder than the last, including higher highs, bigger swings, and record-breaking numbers across the board.

🗞 Australian Stock Exchange Will Become World’s First to Adopt Blockchain

The Australian Stock Exchange (ASX) announced today that it intends to implement Blockchain technology to replace its current system for processing equity transactions. ASX -- in partnership with Digital Asset, who are providing the technology -- will be the world’s first stock exchange to adopt Blockchain technology in the operation of its core services.

BTC Trading Update by @cryptopassion

As expected, the break of the UP trading canal gave us a very nice break out :

We should have soon a start of a correction. I think we could use the higher line of of the Trading Canal as a nice support line. A touch on it will allow us also to touch the MMA13 (green line) before the continuation of the UP trending.

So be prepared to see soon a nice drop but there is nothing dramatic if we don't break the support line in red.

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