Dec 14 Blockchain technology & cryptocurrency news roundup

blockchain technology news

Dec 14 Blockchain technology & cryptocurrency news roundup

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Buy a brick, build a wall campaignHere’s today’s blockchain technology and cryptocurrency news roundup including lots of speculation on bitcoin value and cryptocurrency market forecasts for next year, a North America-wide bitcoin-bomb scam and a fun read on a Trump wall ICO.

In blockchain technology news, the EU Parliament calls for action on blockchain in trade, a banking-blockchain update, potential roadblocks for blockchain technology in 2019 and use that shows blockchain developers are the hottest, and demand jobs.

 

Cryptocurrency News

 

$1 Billion Dollars’ Worth of Cryptocurrency Stolen in 2018

 

cryptocurrency crimeAccording to cryptocurrency intelligence firm CipherTrace’s Q3 Cryptocurrency Anti-Money Laundering report, as of quarter-three, 2018, cryptocurrency thefts had already reached $927 million. The blockchain cybersecurity professionals identified theft and hacks at platform layers and exchanges to be a major problem, evolving further from its Q2 findings. Read more…

 

Unabashed Bitcoin Bull Thomas Lee Says the Market Is Wrong

 

Tom Lee, FundstratIt’s hard to keep a Bitcoin bull down. Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. And despite things not playing quite in his favor — the cryptocurrency is currently trading below $3,400 — he’s sticking to his guns. Read more…

 

Bitcoin to Be Worth ‘Great Deal More’ in Three Years, Circle Co-Founder Says

 

Jeremy Allaire, co-founder of crypto finance company Circle, told CNBC in an interview Friday, Dec. 14, that Bitcoin will be worth “a great deal more” than it is now. When asked about the Bitcoin price in three years, Allaire told Squawk Box host Andrew Ross Sorkin that he does not make “significant price predictions,” while adding, “I think it is certainly going to be worth a great deal more that it is today.” Read more…

 

US Govt Tells Bitcoin Bomb Scam Victims to Inform FBI, Not Pay Ransom Money

 

A suspected scam which threatens to blow up buildings unless recipients pay a Bitcoin ransom caught the attention of the United States’ government Dec. 13. The scam, which centers on anonymous emails demanding payment of $20,000 in Bitcoin or face a “mercenary” detonating a device in “your building,” has appeared throughout the world. Read more…

 

Violent Delights Lead to Violent Ends: Rebuilding After the Crypto Crash

 

rebuilding after the crypto crashMany investors who entered during the bull market of 2017 got badly burned during this year’s prolonged crash because they were deluded into believing that market prices accurately reflected underlying value. However, this should not be taken to mean that crypto as an industry is doing poorly. There are, in fact, two facets to the blockchain industry: the investment side and the development side. Read more…

 

Buy A Brick, Build Trump’s Wall With Bitcoin

 

Buy a brick with bitcoinNow, Republican Congressman Warren ‘Crypto’ Davidson would like Americans, and maybe Mexicans, to “Buy a Brick, Build a Wall” with bitcoin. This could take government services and crowdfunding to a new level. It could even be used to avoid a shutdown, couldn’t it? Caution, humor, ahead. Read more… 

 

Weiss’ Cryptocurrency Forecast in 2019 and Beyond

 

2019 bitcoin forecastJuan Villaverde, Architect of Weiss Cryptocurrency Ratings and Publications set the tone by recounting that bitcoin had been through four previous bear cycles with experts calling its demise. Each time, bitcoin responded by rising sharply, with an average increase of 6,300%. Now it’s down again by 70% and the key question is where does it go from here? Read more…

 

Bitcoin’s Existential Crisis

 

Cryptocurrencies lack leaders — they have no single source of truth. Philosophically, this can get complicated. Cryptocurrencies and public blockchains, though, have no such privilege. They aim to decentralize their leadership without relying on a single third-party in establishing their identity. Instead, they rely on subjective social and economic-consensus mechanisms. Read more…

 

Blockchain Technology News

 

EU Parliament Calls for Action on Blockchain Adoption in Trade

 

The European Parliament (EP) has called for measures to boost blockchain adoption in trade and business across the region. The legislative body adopted a resolution on Thursday, dubbed “Blockchain: a forward-looking trade policy,” setting out how the nascent technology could improve EU trade policies, including free trade and mutual recognition agreements. Read more… 

 

Is Blockchain Headed for a Roadblock in 2019?

 

EBUF digital identityThe authors reached out to 43 “blockchain use-cases” and came away discouraged by the lack of evidence the firms provided, especially in light of the claims they made. The blog post on the MERL Tech site didn’t indicate the longitude of the study, the different kinds of blockchain companies contacted, what the expectations were of the researchers one way or the other. Read more…

 

Blockchain Developer Role Tops LinkedIn’s 2018 Emerging Jobs List

 

blockchain developersThe role of blockchain developer has leaped straight to the top of LinkedIn’s emerging jobs list for 2018. The networking platform for professionals said in a report Thursday that recent increased interest around cryptocurrencies has led to staff with blockchain development skills being in high demand in the U.S, and that related job listings have seen a 33-times increase in just a year. Read more…

 

Banking and Fintech on the Blockchain

 

Forbes looks at blockchain and bankingFintech on Blockchain is fast disrupting the financial industry. The speed and scale of this disruption will mainly depend on the adoption of the new economy by the users. People have spoken, everyone is tired of black boxes, we want to be the ones to determine how much we pay for the transfer of information and finances between us. Read more…