Current Bitcoin Price: $3658 (as of 9:00 AM PST)
You guessed it, the cryptocurrency market is continuing on a downwards trend. Bitcoin is now valued at $3658 following a 4% drop on the daily, with XRP and Ethereum making similar moves — down by 4% and 7% respectively.
It’s not all monotonous downwards action, though, thanks to the recent Bitcoin Cash fork. Today we saw Bitcoin Cash ABC (now referred to as just Bitcoin Cash) get hacked down a further 13.5%, with its competitor Bitcoin SV shooting up a very similar amount.
Top Bitcoin & Crypto News Stories for 6th December 2018
Bloomberg: Bitcoin could fall to $1500
There’s no doubt about it: Bitcoin and the rest of the cryptocurrency market have been performing awfully for the last few months. From a valuation of $6500 in early November to $3500 by the end, Bitcoin’s price is halving like a knife through butter.
Bloomberg thinks the bloodshed will continue: analyst Mike McGlone says Bitcoin could fall to new year-long lows of $1500, but the bearish volatility seems sure to continue either way.
Singapore Central Bank updates ICO guidelines
The Singapore Central Bank recently published a set of ICO guidelines for companies using token sales to raise money, but they remained vague on the topic of a “New Payments Framework.”
Those same ICO guidelines have since been updated, with the New Payments Framework featuring guidelines related to Anti Money Laundering (AML) as well as Countering Financing of Terrorism (CFT). This means that Singapore-based ICOs should now know where exactly they stand with regard to the law!
NEO to push for decentralization in 2019
Decentralization isn’t a binary concept; instead, decentralization is a spectrum. So, despite the fact that NEO is a supposedly decentralized token, it hasn’t proved to be very decentralized after all.
NEO has just released information pertaining to the further decentralization of their network in 2019, especially related to the election of new consensus nodes for the network.