🗞 Daily Crypto News, November 3rd 💰

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Everyday, I bring you the most important CryptoNews so you can stay updated with the latest developments.

BTCC Founder Bobby Lee: “The Segwit2x Feature Is an Upgrade”
Credit Suisse CEO Has No Appetite for Bitcoin, Cries “Bubble”
Lebanon to Issue Its Own Digital Currency
Californian Professor Prefers Central Bank-Backed Digital Currencies Over Decentralized Cryptocurrencies
PR – Confideal ICO Has Started, Time to Contribute to Success!
Music Festival Organisers in India Surprised by 1% of Total Sales in Bitcoin
STEEM Trading Update by @cryptopassion

🗞 BTCC Founder Bobby Lee: “The Segwit2x Feature Is an Upgrade”

This week Bobby Lee, the chief executive officer of the Chinese cryptocurrency exchange BTCC, held an Ask-Me-Anything (AMA) with bitcoin traders on the Reddit forum /r/bitcoinmarkets. During the AMA the conversation participants focused in on the Segwit2x hard fork set to activate on or around November 16.

🗞 Credit Suisse CEO Has No Appetite for Bitcoin, Cries “Bubble”

"From what we can identify, the only reason today to buy or sell Bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble."

Tidjane also pointed out that banks are regulated entities, with strict know your customer (KYC) norms and anti-money laundering (AML) regulations. Hence it would be difficult for them to deal with Bitcoin directly. Banks have in the past shut down accounts of Bitcoin-based businesses because of the increased scrutiny such accounts entail.

According to Thiam:

Most banks in the current state of regulation have little or no appetite to get involved in a currency which has such anti-money laundering challenges.

🗞 Lebanon to Issue Its Own Digital Currency

In a recent statement addressing attendees at the 7th CSR Lebanon Forum, the governor of the Bank of Lebanon, Riad Salameh, stated that the central bank plans to introduce its very own digital currency.

Regardless, Salameh doesn’t seem to have a positive opinion on bitcoin and other digital currencies. He remarked:

“These are not currencies but rather a commodity whose prices rise and fall without any justification. For this reason, BDL has banned the use of this currency in the Lebanese market. The digital currency will be issued by BDL and will be available in the next few years.”

🗞 Californian Professor Prefers Central Bank-Backed Digital Currencies Over Decentralized Cryptocurrencies

In his interview with CNBC, Eichengreen said that the central bank-backed digital currencies will streamline existing financial services, while the decentralized virtual currencies will be utilized in illegal activities that can adversely affect their mainstream adoption.

“I think there is a role for central bank-issued digital currencies, which are a very different thing than crypto, anonymous currencies… The first alternative central bank digital currencies will make transactions more efficient. The second one is a vehicle for money laundering, tax evasion and the like.”

🗞 PR – Confideal ICO Has Started, Time to Contribute to Success!

Confideal, a smart contract platform on Ethereum blockchain (confideal.io), are excited to announce that their long-awaited ICO has started today – November 2 at 12:00 noon Central European Time (CET).

The campaign is expected to raise 70,000 ETH, which equals 21.5 million U.S. dollars as of this day. Confideal’s ICO features a generous incentive program that enables early investors to receive a 25% bonus in CDL tokens. The token generation event will last for 20 days.

🗞 Music Festival Organisers in India Surprised by 1% of Total Sales in Bitcoin

Even while multiple news outlets report India’s government readying to close cryptocurrency exchanges, its population continues to make steady progress in adopting bitcoin.

Mr. Vishwanath details India’s bitcoiners are “between 25 and 40 years in age. Eighty percent are male and 20 per cent, female.”

Bitcoin has even made its way to one of India’s largest pop concert gatherings, Ziro Music Festival. > “When the festival concluded two weeks ago, to their surprise, the organisers found 1% of their total sales [were in] Bitcoin,” reports Factor Daily.

STEEM Trading Update by @cryptopassion

Earlier in the day I showed you that picture in my STEEM analysis :

Here is the link for my complete analysis : STEEM - Bottom of the triangle broken

And you know what? The more I look that chart, the more I think the green scenario will happen.
Not yet the bottom? Perhaps... but no one knows where is the exact bottom so buy it in several steps but buy it when it is low, not when it will do the next top.

🗞 Daily Crypto News, November 2nd💰
🗞 Daily Crypto News, November 1st💰
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🗞 Daily Crypto News, October 30th 💰

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