Current Bitcoin Price: $3388 (as of 9:00 AM PST)
The cryptocurrency market has seen a light bounce-back today, with most digital assets up 3-4% on the daily. That rules also applies to the big three: Bitcoin, Ethereum, and XRP. Otherwise, in the top-20, big movers are EOS (up 10%), Binance Coin (up 9%), and Tezos (up 16%).
As usual in days of upwards price action, stable coins — including TrueUSD and USD Coin — have dropped several fractions of a percent from their selling-induced overvaluations.
Top Bitcoin & Crypto News Stories for 12th December 2018
EOS is a major protocol coin that raised over $4 billion in ICO funds. Despite the fact that American citizens were barred from the token sale, many were able to obtain funds from secondary markets.
This, among other things, makes EOS a likely target for any upcoming SEC crackdowns, says Cardano official Charles Hoskinson. Having raised $63 million in the Cardano sale, he says the EOS ICO was “egregious.”
Factom is another all-in-one blockchain solution, which is designed as an out-of-the-box solution for many blockchain projects. It lets developers pick and mix from a choice of pre-designed functions.
More important, perhaps, is Factom co-founder Paul Snow, a clear favorite of the US govenerment for testimonies in the blockchain world. In fact, he’s just been invited to speak at a 3-day event at the United States Department of Homeland Security.
Mike Novogratz is a big cryptocurrency bull, who’d had trading experience at Goldman Sachs before building his cryptocurrency investment vehicle Galaxy Digital Holdings.
He’s had a continued bullish outlook on cryptocurrencies, recently justifying that in an interview with Bloomberg. To quote: “If anything we’re on the other side, at the stage where there’s the pessimism, and the fear, and the “Oh my God, it’s going to zero.” But it’s not going to zero.”