Crypto Users Nearly Doubled In 2018
According to the Cambridge Centre for Alternative Finance, the number of verified users nearly doubled this year with a 17 million increase in memberships.
The study revealed that for the first three quarters of 2018, the number of ID-verified cryptocurrency users increase from 18 million to 35 million.
Pundits are saying that despite the severe market downturn more and more people are jumping in cryptocurrencies which could signal an eventual recovery could be coming fueled by these new members.
The research team also reveals that majority of the users, whether they are old or new entrants are individuals and no business clients.
These means most of them are hobbyist, retail investors, consumers, or users trying to explore alternative investments of means of payment.
It seems that despite dismal market condition the interest of people on this new asset class as not slowed down.
Church’s Chicken Now Accepting Bitcoin
One of America’s fast food chain that is operating in Venezuela, Church’s Chicken has recently announced that it will begin to accept the cryptocurrency Dash in its outlets located in the country.
The fast food chain has 10 branches in the country and all of them will be accepting the said cryptocurrency making it the first global fast food chain to accept payment in Crypto.
Dash completed its first transaction at Church’s Chicken and uploaded a video documenting the momentous event on its official Youtube Channel.
Earlier last week PR and media director, Mark Mason erroneously stated that KFC of Venezuela has started accepting bitcoin as method of payment.
However this was debunked by KFC stating that it is not yet accepting cryptocurrencies but has been negotiating with Dash if a partnership could be worked out.
Mark apologized for the incident on twitter stating that the statement was premature and reflected optimism rather than the real current stage of discussions with KFC Venezuela.
On a side note KFC earlier in the year offered what they call the “Bitcoin Bucket” which customers can purchase using Bitcoins.
Wall Coins To Fund Mexican Border Wall
Cryptocurrency friendly Republican Congressman Warren Davidson has suggested raising money to build a wall between the United States and Mexico via a token sale.
The offer was made when the United States President, Donald Trump as threatened to shut down the government if Congress refuses to pay for a border wall.
Speaking to reporters the legislator explains how he envisions the wall donation program working.
He suggested that the initiative can utilize blockchain or some sort of crowd funding mechanism such as a initial coin offering (ICO) dubbed as Wall coin.
He added that if implemented properly the crowd funding initiative can accept other currencies such as the Mexican pesos.
It is not hard to see that the legislator from Ohio is a firm believer of the emerging technology and its first use case, cryptocurrency.
He is currently planning to introduce a draft bill that offers to clearly regulate cryptocurrencies and ICO.
The said draft classifies cryptocurrencies as new asset types that would prevent them from being classified as securities.
Wanchain Integrates MakerDao’s Stablecoin
Wanchain has recently announced the addition of MakerDaos’ Stablecoin into their platform.
According to MarkerDao CEO and co-founder Rune Christensen, they are excited that Wanchain launched their version 3.0 platform with MarkerDao integrated on their blockchain.
He reveals that Wanchain’s interoperability solution adds significant potential for Dai adding that for a stablecoin to truly reach its potential it must have cross-chain functionality.
Cross-chain compatibility works by locking tokens in either chain and are controlled through Secure multi-Party Computing.
The same principle will be used when dealing with DAI tokens. Jack Lu, the founder of Wanchain, states that Dai and MKR are critical components in laying down the foundation in order for them to achieve becoming the cross-chain finance hubs of the WEB 3.0 economy.
Lu also emphasized that there will be no upper limit on the number of blockchains that Wanchain can eventually interoperate with.
The more blockchain that can be integrated in their platform the more demand it native token will be generated.
They can only do this by developing their platform to become a hub where the blockchains of the world can be inter-operable.
Best Time To Buy Bitcoin
The international rating agency Weiss Ratings has recently stated that now is the best time to invest on Bitcoin.
It states that the price of the digital assets is hitting a low level that is becoming one of the best opportunities of the year.
The rating firm also twitted that bitcoin as a store value is here to stay and they have revealed that it is the least speculative investment any investor can make in the cryptocurrency space right now.
This statement comes as a surprise as it has rated the leading cryptocurrency by market capitalization poorly in its initial rating reports early this year.
Weiss has rated Bitcoin a C+ while rating Ethereum B.
In fact some pundits are saying that Bitcoin might lose half its market share to Ether by 2023.
However, this is clearly not the case as Bitcoin is regaining is increasing its market share from Altcoins and Ethereum has fallen to 3rd place with Ripple gaining the 2nd position in terms of market capitalization.
The lead architect of Weiss’ Crypto Rating and price prediction model stated that he believes bitcoin will raise form the dead again in 2019 adding that he has seen a lot of improvement on the adoption side throughout 2018 which basically guarantees that the bulls market will return and Bitcoin will make new all-time highs again.
Headlines for the world of Cryptocurrencies - December 14, 2018Samsung Integrating Crypto Wallet In Their Next Flagship Smartphone Iteration / Several Crypto Exchanges In South Korea Join Forces / Derivative Market In Huobi Now Live / What Is Bitcoin? Google’s Top Search Inquiry / A Year After First Bitcoin Futures Product Offering |
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Headlines for the world of Cryptocurrencies - December 13, 2018Increasing Stablecoin Usage / Ethereum Software Client Upgraded In Preparation For Constantinople Hard Fork / Gemini Mobile App Now Available / Venenzuela Unilaterally Converting Pension Balances To Petro / Square’s Cash App Now The Most Downloaded Financial App |
Headlines for the world of Cryptocurrencies - December 12, 2018ICON Showing Solid Progress Despite Bear Market / United Arab Emirates And Kingdom Of Saudi Arabia Central Banks To Launch Cryptocurrency / Digital Bullion Can Now Be Purchase In Onegold / US CFTC Studying ETH And It Use Case In The Ethereum Network / IBM To Use Blockchain For Agricultural Applications In Africa |
