CryptoDigest@Steem Thursday, November 23, 2017

Dear Steemians!

Here is the daily press review for bitcoin and other crypto currencies.

Flying High: Bitcoin Cash Rallies on Korean Volume Spike
Meanwhile, the total trading volume for the last 24 hours is well above $4 billion, the highest since Nov. 13. Driving the rise may be today's news that a South Korean financial regulator has said it has "no plans" to regulate cryptocurrency trading. Bitcoin cash is flying high today and could gain more altitude in the near-term. A high volume rally indicates an active market, and that a rally is likely to be sustained. This morning, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate clocked an 11-day high of $1,623.80 at 08:14 UTC before losing some momentum. (coindesk.com)

Deutsche Bank Joins Bitcoin Bashing Brigade
However, the banking sector is still approaching it mostly with extreme caution to disdain. There is more similar rhetoric, especially in the banking sector, when it comes to Blockchain over Bitcoin. The banking sector seems to be stuck on rhetoric that itself is aging and becoming obsolete. In a voice that is all too familiar for Bitcoiners, another major lending institution has warned against everyday investors putting their money into Bitcoin. The tirade against Bitcoin is starting to wane as some of the more established Wall Street names warm to the digital coins. (cointelegraph.com)

Predictions Roll in as Tom Lee Sets 40% Bitcoin Growth by Mid-2018
Other’s like Moas, have said that at the turn of the new year, 2018, Bitcoin will be at $14,000. There have been a number of developments in recent weeks that have all added to the growth and reputation of Bitcoin. Prior to this change in mind, Tom Lee had predicted that Bitcoin’s price in the middle of 2018 would be $6,000. However, it must be remembered that when Moas makes his prediction, he lumps Bitcoin Cash, Bitcoin Gold, and the original coin together as one price. All of these factors have seen Bitcoin climb up as high as $8,200, and more growth is seemingly, constantly on its way. (cointelegraph.com)

Thanksgiving Lull? Bitcoin Trades Sideways But Rally May Continue
A break below the rising channel support level of $8,020 could yield a pullback to $7,600 levels. According to CoinMarketCap data, the world's largest cryptocurrency by market capitalization has depreciated by 1 percent in the last 24 hours. However, the investor community does not appear too concerned about the Bitfinex issue and is instead assessing the impact of the rally in bitcoin cash (BCH) and ethereum (ETH) prices on bitcoin. Bullish scenario: A rebound from the channel support, followed by a move above $8,300 would open the door for a rally to a new record high around $8,550 (rising channel resistance). A move to fresh all-time highs above $8,300 earlier this week has been followed by consolidation in the range of $8,000-$8,300. (coindesk.com)

Bitcoin mining consumes more electricity than 20+ European countries
In case you were wondering what all this electricity bills round up to, the researchers estimate the annual Bitcoin mining electricity costs currently stand at $1.5 billion. According to Power Compare, Bitcoin mining has seen a nearly 30 percent increase in consumption over the last 30 days alone. That ought to give you a better idea why Bitcoin’s mining community played such a crucial part in the dreadful Segwit2X discussions. New research indicates that the popular cryptocurrency now consumes more electricity than more than 20 countries in Europe. As far as the rest of the world goes, Power Compare mentions Ecuador, Puerto Rico, North Korea and many more. (thenextweb.com)

Bitcoin Breaks Through $8,000: Is It Still Time To Buy?
It will be the widespread emergence of these types of products, which will signal that the Bitcoin bubble has started to top. This will be a cash-settled once a day reference for the U.S. dollar price of Bitcoin based on the CME CF Bitcoin Reference Rate. The next graph below illustrating the growing market cap of all cryptocurrencies also shows that the parabolic ascent has started. A sense of the potential available can be seen when comparing that market cap to the value of other assets. What is clear however is that further gains for Bitcoin and the other major cryptocurrencies such as Ethereum and Bitcoin Cash are on the way. (seekingalpha.com)

Everything You Need to Know About Bitcoin Black Friday
As Black Friday’s profile has risen in recent years, so has that of its sister event, Bitcoin Black Friday. Bitcoin Black Friday was launched by crypto enthusiast Jon Holmquist in 2012, initially as a means of raising awareness of bitcoin. Whatever happens on Black Friday, bitcoin holders should be able to sleep easy. Bitcoin shopping aggregator Spendabit specializes in rounding up products that can be purchased with bitcoin. Will you be spending bitcoin on Black Friday? (bitcoin.com)

Meet the guy who went to North Korea to teach Bitcoin
Despite being the most hermetic country on Earth, North Korea is certainly no stranger to cyberspace—in both its uses and abuses. So I was interested to see if I could merge the two things—my passion for Bitcoin and my curiosity about North Korea, which I was actually able to do by teaching North Korean students what Bitcoin was. By using Bitcoin, you can help regain some agency over your country’s finances, i.e., handle Bitcoin for the state. I’d also consider myself to be a Libertarian, so visiting a country so controlled by the government like North Korea was particularly intriguing to me. I simply divided it into four parts: i) how do digital signatures work, ii) what is proof of work, iii) how does the blockchain work, and iv) how to coordinate against double spending. (expressvpn.com)

Bitcoin Cash Price Tops $1,500 Again as Second Pump is in Effect
This second Bitcoin Cash price pump in as many weeks will certainly shake things up in the cryptocurrency world once again. How high the Bitcoin Cash price can go, remains to be determined, though. This is a remarkable trend, considering the Bitcoin Cash price crashed hard after setting an all-time high of over $2,500 not that long ago. The Bitcoin Cash price, for example, is surging once again. It is not healthy to see one exchange artificially inflate the Bitcoin Cash price, though, as it automatically forces other exchanges to follow this trend. (themerkle.com)

5 Tips for New Bitcoin Investors
Even more than that, the investment world is also trying to simplify things by making Bitcoin more available to traditional investors. However, with a few straightforward tips, negotiating that first Bitcoin transaction or trade can be a lot less stressful. Most new digital currency enthusiasts hear first about Bitcoin, but there are thousands of other cryptocurrencies out there, and some have grown much faster than even Bitcoin. There is plenty of hype, rumor, success stories and tales of horror when it comes to Bitcoin and other digital currencies. Bitcoin is an exciting world to be in, but it is one that is complex and confusing if you only enter it on hype. (cointelegraph.com)

Bitcoin cash is jumping
LONDON — Cryptocurrency Bitcoin Cash is jumping against the dollar on Thursday morning. However, bitcoin cash's price surge is not enough to put bitcoin cash in record territory. ET):The jump in price follows positive news flow surrounding bitcoin cash. Digital wallet provider Bitwalla, which has over 57,000, announced on Wednesday that it is allowing customers to hold bitcoin cash. Separately, Bitstamp, the 12th biggest cryptocurrency exchange in the world, announced on Wednesday that it would be integrating bitcoin cash to its platform from December "in response to the demand." (businessinsider.com)

Rare Pepe Blockchain Cards Have Produced More Value Than Most ICOs
The compendium of Rare Pepe blockchain assets now includes cards like Marty Pepfly, Pepe Punchout, Games of Trump, Pepe Soup, the Dark Pepe, Playboy Pepe and so many more. For instance, the foundation claims it is preparing a 29-day Rare Pepe Training Conference that will give out truly rare certificates to the event’s participants.“The Rare Pepe Blockchain Training Conference is a new kind of conference,” explains the foundation’s website. Further, the foundation details that Rare Pepe blockchain technology is being actively researched by financial incumbents, tech giants, and venture capitalists. News.Bitcoin.com reported on the launch of the first few series of Rare Pepe cards traded as counterparty (XCP) assets over the bitcoin blockchain. Rare Pepe cards are basically assets designed utilizing the Counterparty blockchain similarly to the popular card game Spells of Genesis. (bitcoin.com)

The $155K heist in plain sight and the problem with Bitcoin
Bitfinex, an exchange for digital currency bitcoin, said it had been hacked and may have lost as much as $65 million worth of bitcoins. AN UNSUSPECTING diner has had $155,000 worth of the digital currency Bitcoin stolen from him while logged on to a restaurant’s unsecured public Wi-Fi network. In January 2014, a Japanese-based Bitcoin exchange known as Mt Gox was hacked. It was once the largest bitcoin intermediary and the world’s leading bitcoin exchange before thieves made off with 850,000 BTC. At today’s value, that’s worth a staggering $A 9,147,700,000. But if you’re going to check how much your Bitcoin wallet is worth, maybe be careful about where you log on. (news.com.au)

More on these and other related news can be found at http://zentrade.online/bitcoin-news-digest-thursday-november-23-2017/