Here are the most important news of 6th December 2018:
Congressman Warren Davidson To Create Bill For Regulating Initial Coin Offerings
While a lot of congressman people are trying to bring the Bitcoin and cryptocurrnecy down – there are a few people that focus on important issues. This is the case of Warren Davidson, a bitcoin and blockchain fan, that plans to introduce a federal legislation that will regulate ICOs and cryptocurrencies in general.
As reported by Cleveland.com, the bill would create a new asset class – especially made for tokens. This would prevent any ICO from being classified as a security and will ease the work of the Federal Government to regulate them.
— Gregory L. Watkins (@gwatkinsesq) December 3, 2018
The announcement was made at the Blockland Cleveland 2018, a conference where Joseph Lubin was one of the speakers.
— Distributed Randall (@randallm918) December 2, 2018
This comes after in August, Rep. Davidson and 32 cryptocurrency companies attended at a summit in Capitol Hill where they discussed ICO regulation issues. Since then, a few more people got involved in similar projects such as Tom Emmer which introduced three bills for the development of crypto and blockchain:
- Resolution Supporting Digital Currencies and Blockchain Technology.
- Blockchain Regulatory Certainty Act.
- Safe Harbor for Taxpayers with Forked Assets Act.
“This is an exciting time for blockchain technology and cryptocurrencies,” said Emmer. “Legislators should be embracing emerging technologies and providing a clear regulatory system that allows them to flourish in the United States.”
NEO’s Complete Decentralization To Happen In 2018
NEO prepares themselves for the new year with a couple of bold decisions. In October 2018, NEO Global Development (NGD) posted “How to Become NEO Consensus Node“. To increase the decentralization even more, NGD updated the document. Right now, NEO’s mainnet have 7 consensus nodes : One owner by KPN telecommunications company, one by City of Zion and the other five are hosted by NEO Foundation in different regions all around the world. The updated document include new information on how the election schedules works and many others such as protocol upgrades and the exploration of different decentralization paths. They expect the network to be completely decentralized in 2019.
Governance of the NEO network currently consists of two methods: on-chain governance and off-chain governance. On-chain governance is election through the votes of NEO holders, whilst off-chain governance relies on election through the support of the NEO Foundation. In the near term, the NEO Foundation will focus on promoting decentralization through off-chain governance. The goal is to accelerate the decentralization process in an orderly manner by delegating consensus nodes to reliable and trustworthy parties
If you’re interested in becoming a NEO Consensus node, you can follow the steps highlighted in the document. The election schedule is between November 30th, 2018 to February 28th, 2019. For the start, any node will be a part of a TestNet and would become eligible for the MainNet election after six months.
Finder.com Experts Predictionss – Bitcoin Increase By 81%, Cardano & Stellar Lumens by 100%
Even though we’re still in the toughest bear market since 2013, Finder.com experts think a strong rebound is set to come – possibly by the end of the year. In a recent price prediction report, where ten global crypto experts expressed their opinion, it appears that the investors think the prices would increase substantially this end of the year and the beginning of 2019. According to these experts, Bitcoin would increase by 81% or more – moving from $3,740 to $6,778 in less than a month.
They are also bullish on Cardano(ADA) and Stellar Lumens (XLM) – which they think it will increase by 100% before the start of the new year. Its important to note that Stellar Lumens was pretty much immune to the past price drops and it also had great news this year, such as having a partnership with Blockchain.com and could supposedly be listed on Coinbase in the short future. These experts tend to believe that in January 2019, Stellar Lumens (XLM) will have a price around $0.29 while Cardano (ADA) will sit at $0.06 or more.
A much waited Ethereum rebound can also took place, bu the increase would be for about 35% bringing it to a value close to $141. Other cryptocurrencies that are expected to grow are : XRP (3%), EOS (20%), BCH (14%) and XMR (3%).
Denmark – Over 1,500 Restaurants Accepting Bitcoin
If by any chance you plan to visit Denmark, its important to know that using Hungry.dk’s service, over 1,500 restaurants are now accepting Bitcoin. The website was accepting Bitcoin since 2014, but has removed it for a while due to the average transaction time. Declaring for Bitcoinist.com, a representative of Hungry.dk commented:
We have accepted Bitcoins as a payment method for quite some time. We decided to remove the feature temporarily last year though because the average transaction time took too long, and the experience wasn’t the best.
The problems have since been solved, and we have added the option again… Hungry.dk handle the payment, so you will always be able to use Bitcoins with all the restaurants currently found on Hungry.dk.
The mass interest in Bitcoin from 2017 had also some negative impacts – as we can see. There were some times in 2017 when people would pay $50 fee for a $50 or less transaction. But those issues were solved and now more and more merchants start accepting Bitcoin. Hungry.dk is only one of them. And they prove that any business can accept Bitcoin, no matter what they’re selling or how low the price of the products are.
Other Important News
- Lawsuit Accuses Crypto Heavyweights Bitmain & Roger Ver of Hijacking Bitcoin Cash
- Andreas Antonopoulos Maps Out Crypto Survival and Why Bitcoin Will Avoid a ‘Death Spiral’
- Tron (TRX) Continues to Hold On to the Number 10 Spot Ahead of Cardano (ADA)
- Bill Gates: Digital Currency Will Help the Poor
- Previously Inactive Whales Are Moving Large Amounts of BTC
- Anthony Pompliano bets $1 million that crypto will outperform the S$P 500
If you’ve missed yesterday’s news, you can read them here: Daily Cryptocurrency News – 5th December 2018
Image Source: 1zoom
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