Current Bitcoin Price: $4012 (as of 7:00 AM PST)
The cryptocurrency market has continued to bubble up and down since the end of last week, without any clear direction. Bitcoin is sitting just above the $4000 mark, representing a 3% price decrease on the 24 hour chart.
As usual, the rest of the market — including XRP and Ethereum — are following Bitcoin’s price action. Only a few tokens in the top-50 are working against the trend, including Maker (#21) which is up more than 2%, and Basic Attention Token (#28) which has stood still since yesterday.
Top Bitcoin & Crypto News Stories for 3rd December 2018
The Ethereum network has given rise to a number of innovative dApps (decentralized applications), although few of them have gained traction. Bounties Network is one of the latest, and it serves as a decentralized platform where anybody can create and fulfil so-called “bounties.”
In a collaboration between Bounties Network and ConsenSys Impact, the Ethereum network will now offer bounties for residents of Manila, Philippines to clean local beaches. The voluntary act is to be rewarded with small sums of Ethereum.
EOS is one of the most popular cryptocurrency projects out there. With a market cap of over $2.5 billion, EOS is a blockchain protocol that can be built on much like Ethereum.
However, EOS’ consensus model is questionable. They use so-called “block producers” to decide on the future of the EOS network. Of course, this has lead to some collusion. In recent news, YouTuber “Crypto Tim” has exposed a paid voting scandal in the block producer nomination process.
Ripple’s CEO Brad Garlinghouse is known for his big and bold approach for bringing blockchain to the masses. In running a very centralized project, he’s made a lot of progress in roping banks into the blockchain world.
He believes that within a year from now, banks will offer custodial services for digital assets. The first banks to do so will likely be forward-thinking Asian banks, he added.