The first week of the last month of the year has ended well for the cryptocurrency market, with most of the cryptos finally showing green in trading. After a week of hitting new YTD lows, the world’s most valuable cryptocurrency, Bitcoin, finally closed last week closer to the $3.7k mark.
Cryptocurrency Market Updates
The Winklevoss-owned Gemini crypto exchange is adding support for Bitcoin Cash (BCH). Specifically, the New York-based startup is only supporting the fork of the cryptocurrency based on the Bitcoin ABC roadmap, and not the alternative version, which “Satoshi’s Vision” (SV).
According to a report by Chinese finance publication Securities Daily, BeiShangGuang has become the most concentrated area for Blockchain policy development in China. “BeiShangGuang” is the moniker that has been given to the three cities of Beijing, Shanghai and Guangzhou.
The world’s most valuable cryptocurrency, Bitcoin has once more dropped to a new low for this year as the crypto market sees a continuous sell-off. At 1:00 UTC on December 7, the price of BTC (Bitcoin) fell by 11.46%, falling to $3306, the lowest it has been in over a year.
Bitcoin’s price drop in the last few weeks has now put the cryptocurrency on track for its biggest yearly loss ever. Just 3 weeks ago, the world’s number one cryptocurrency was trading at a price of $6300 per token, which was already 54% lower than its all-time high in December 2017, when the asset touched $20,000.Bitcoin’s price drop in the last few weeks has now put the cryptocurrency on track for its biggest yearly loss ever. Just 3 weeks ago, the world’s number one cryptocurrency was trading at a price of $6300 per token, which was already 54% lower than its all-time high in December 2017, when the asset touched $20,000.
Hyperledger’s Technical Steering Committee has given its approval for the Ursa project, which is a modular cryptographic library. According to the announcement made by Hyperledger, as they have continued to grow and mature, they have found that projects have developed a need for sophisticated cryptographic implementations.
Blockchain based company KIBIS has recently unveiled its plan to roll out a worldwide network of self-service kiosks, which will allow millions of unbanked people to make purchases, pay bills and also gain access to other financial services that were hitherto unavailable to them.
A London-based operator of a transaction network for investment funds, Calastone is planning to move its entire settlements system to a Blockchain platform by May next year.
Researchers at Israel-based cybersecurity firm Check Point Software Technologies say that a relatively new form of crypto mining malware, dubbed KingMiner, is “evolving.” In a research note, the firm’s Ido Solomon and Adi Ikan said that it is a monero mining malware that first appeared about six months ago.
Bitcoin just ended the worst month of price declines in the last seven years from a month-on-month price declines standpoint. Since the beginning of November, the price of Bitcoin has fallen by almost $2400, which means the cryptocurrency’s price dropped by 37.4% in the last one month.