Daily Cryptocurrency News – 30th November 2018

Here are the most important cryptocurrency news of 30th November 2018:

CME Bitcoin Futures – The Last Day of Trading 

If you’re a Bitmex trader, you probably know that each Friday of every month the CME Bitcoin Futures contracts expires. For the November contract month – the product code BTCX18 had its first trade on September 2018 and the last trade will be on 30th November 2018.

“Termination of Trading: Last Day of Trading is the last Friday of contract month. Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading.

It can be a coincidence, but today the Bitcoin’s price dropped with over 9% since a few days ago. The main reason of this could be the ending of CME Bitcoin futures. If that’s right, we can expect to see a small increase over the next few days. Back in May, Tom Lee – Fundstrat’s owner – explained more about this:

If a trader is long Bitcoin and short the futures, as contracts move closer to expiry, holders may sell a large share of the coins at volume weighted average price (VWAP) to minimize tracking error. But near expiration, may sell the remaining Bitcoin, causing the price to drop, leaving the short position in the futures to close with a handsome profit.”

The Bitcoin price is now fluctuating between $3,900 and $4,000 – a decrease since yesterday’s $4,371 value.

DASH Partnership With ePaymints & Get Listed On 3XBIT Exchange

DASH continue its work even through these hard times. As CZ of Binance would say : been through this many times already. Secret of success? Keep your head down and build.

And Dash is following those exact words. Recently, DASH partnered up with ePaymints – a global payment service provider. The reason of this was to promote DASH to a broader user base and increase the adoption of the cryptocurrency. Regarding this partnership, Bradley Zastrow – Dash’s Head of Business Development- declared:

“Cash-based and high chargeback industries pay much higher credit card fees on average, and that’s when they are lucky enough to get credit card acceptance – often that’s not an option. This is an obvious use case for Dash, and we’re proud to be recognized by ePaymints as the leading cryptocurrency positioned to solve these payment problems. Already, there are client integration consultations underway, and together, we look forward to expanding the Dash ecosystem.”

Apart from this, Dash also got listed on 3XBIT – a new cryptocurrency exchange from Brazil. Right now, its users can trade DASH with Ethereum, Litecoin, Dogecoin, ATM Cash and Smart Cash. The exchange doesn’t have a KYC – unless the user is withdrawing Brazilian’s FIAT currency. However, You’d need a phone number and an email to trade on 3XBIT.

Even though DASH’s price is way lower compared to January, the fact that the company continues its development is a good sign for its hodlers. With the future ChainLocks modifications, DASH could soon be among the top ten cryptocurrencies.

 Could Cardano Be Listed On Coinbase Before Stellar Lumens ?

With the yesterday’s ZEC Coinbase listing, people started asking which one would be next. Coinbase announced a few months ago that they are exploring listing 5 new assets on their platform: Cardano (ADA), Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT) and 0x Protocol (ZRX). Three of those have already been listed : Zcash (ZEC), Basic Attention Token (BAT) and 0x (ZRX).

But which one would be next? And why? EthereumWorldNews believes that Cardano (ADA) have more chances to be listed on Coinbase. The reasons are:

  • Similarities between XLM and XRP that has not been listed on Coinbase since January
  • Cardano’s plans for a purely transparent and decentralized platform

We believe that it would be the other way around. Stellar Lumens (XLM) would be the first to be listed there as:

  • Each of the cryptocurrencies listed on Coinbase have a working product – Cardano’s Ouroboros is live on Emurgo servers but its delegation implementation its still in the early development stage, according to Cardano Roadmap.
  • Shelley would make Cardano fully decentralized – Until Shelley would be live, Cardano couldn’t be a purely transparent and decentralized platform. Therefore, it have the same chances as Stellar Lumens to be listed there.
  • Litecoin recently became the 3rd cryptocurrency to be listed on all major exchanges. With the Blockchain.com partnership, Stellar Lumens is the one to follow it.
  • Stellar Lumens already have a working product, tested and re-tested since its inception in 2014. Its years of development offers it a more than trustworthy chance to be listed there first.

But we could be wrong. Stellar probably had some issues today, as this transaction appeared today:

But, it may be Lighting Network testing as some users think. Or, SpaceBoatDvlp is right :

There’s a known bug in the protocol where you can send yourself any amount and nothing happens but it gets logged to the ledger. When you do that you still pay a fee.

Asus Let Its Users Mine Crypto With Idle Graphics Cards

The giant tech Asus recently announced that its users would be able to mine cryptocurrency using the power of their graphic cards. The news came after a partnership between Asus and Quantumcloud mining app was launched. Right now, gamers could earn “passive income” by allowing their GPUs to mine cryptocurrency while those are in idle. The payments for the mining could be made via PayPal or WeChat. The company is also GDPR compliant, as they stated:

“As part of its pledge to protect user data, Quantumcloud launched with GDPR compliance in place and does not require customers to create a unique login. Instead, customers use their existing PayPal or WeChat account to log in and collect their earnings,”

This would work on ‘pool’ principle, meaning that the users would be incentivized according to the results obtained. If the app generate some income using the GPUs – they will share it with the miners. But, they don’t guarantee any profit as that depends on market conditions, market that has been really tough lately – even for giants like nVidia.

Intel Owns Patent For Bitcoin Mining Energy-Efficient

Tuesday, the U.S. Patent and Trademark Office awarded Intel its first patent for cryptocurrency mining. Intel claims the processor would be able to conduct ”energy-efficient high performance bitcoin mining”. The processor is not made for Bitcoin only, but for any cryptocurrency that is using the SHA-256 algorithm. This is not Intel’s first patent, as the company won another cryptocurrency related one on March 29th 2019 – called “Bitcoin Mining Hardware Accelerator With Optimized Message Digest and Message Scheduler Datapath”. More details that one here.

The patent explains that:

“Dedicated Bitcoin mining ASICs are used to implement multiple SHA-256 engines that may deliver a performance of thousands of hashes per second while consuming power of greater than 200 [watts]. Embodiments of the present disclosure employ micro-architectural optimizations including selective hardwiring certain parameters in Bitcoin mining computation.”

This patent could reduce the amount of power needed for a chip by 15%. This also results in a smaller size for a bitcoin miner while it would also be more energy friendly. Another thing that its improved by the patent is the 32-bit nonce comparison:

“Instead of comparing the final hashing result with the target value, [the] bitcoin mining application may determine whether the hash out has a minimum number of leading zeros,” the patent states.

Other Important News

If you’ve missed yesterday’s news, you can read them here: Daily Cryptocurrency News – 29th November 2018

Image Source: 1zoom



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