Daily Cryptocurrency News – 8th December 2018

Here are the most important news of 8th December 2018:

Binance CEO Believes Crypto Will Rise Faster Than Nasdaq 

The crypto crash of 2018 was tough and a lot of people were affected. After its 1300% in 2017, Bitcoin dropped 90% this year. But there are some people that think whats most important is to look forward to a brighter future. Changpen Zhao, the Binance CEO, thinks that Bitcoin will come back again, same as he did so many times in the past. It’s just a matter of time and patience will be rewarded.

Over the dotcom bubble, Nasdaq lost 78% of its value. Crypto probably lost a bit more, but that doesn’t mean its dead or that people won’t invest in it. According to CZ, crypto is not going anywhere :

The crypto industry will stay. I think that’s not going away. The blockchain technology will stay. Adoption will just increase over time. This is very different than the Nasdaq. The Nasdaq is much bigger volume. Their market cap is much bigger. So when you have a big ship that goes under and then coming back, it moves slower. So it takes a long time. I think things will happen much faster in the crypto space. So I’m very confident about it.”

“Recently, there’s been a lot of positive news for crypto. The Nasdaq’s running an exchange. NYSE is running a crypto exchange. They’re listing futures contracts. There’s a lot of new developments, a lot of new companies, a lot of new people joining in this industry.

So I’ve only seen positive stuff happening, but the price keeps dropping for the last while. So, it doesn’t make sense to me. But what I know for certain is price will always catch up to value. So right now they’re diverging, which is kind of weird. But I’m very confident that sooner or later you’ll converge back,”

Nasdaq went on the same circle, did it died? No. Did it had its ups and downs? Yes. In 2008 the value dropped for almost two years. And afterwards it came out stronger than ever. Same will probably happen with crypto in general. But until then, a drop is beneficial to select which cryptocurrencies will survive and which won’t.

Gazprom Banking Department Announces Crypto Trading Service in 2019

After CZ’s opinion, this come as a proof that he’s most probably right. There were a lot of good news this year and a lot of good ones to come in 2019. That doesn’t reflect in the price yet, but there will be a time when crypto will reach its peak again. As Finance Magnates reported, Gazprombank is opening its own cryptocurrency service in 2019. This comes as a way of creating a safe environment for the bank’s clients, where they could buy and sell cryptocurrencies.

The Swiss division will be in charge of the process and the cryptocurrency service will start in Q2 2019. Once it will go live, Gazprombank could “buy, sell and transfer crypto assets and currencies on behalf of clients and provide a consolidated portfolio view, without any need for a crypto-wallet or private key management.”. Gazprombank reached to Metaco to build this and integrate with their SILO bank-grade custody infrastructure

Power Ledger’s Blockchain Energy Platform – Live in Fremantle 

In a small coastal city of Fremantle, AU – a project comes finally to life. Some of the residents will be able to trade solar power on a blockchain-based platform provided by Power Ledger Power Ledger (POWR) is a crypto startup focused on renewable energy. The Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, declared that 40 households in Fremantle will be a part of the test – which will end next years in June. Wyatt declared for Mediastatements.wa.gov.au:

“The trial represents an innovative solution to virtual energy trading that may have implications for energy utilities working to balance energy supply and demand all over the world. These households are believed to be the first in the world to be taking part in an active, billed, peer-to-peer trading trial that allows them to effectively buy and sell solar energy generated by their rooftop system across the grid.”

This comes only one month after Power Ledger made a deal with the energy supplier American PowerNet. Doing this, Power Ledger deployed its blockchain-based peer-to-peer renewable energy trading platform right at the PowerNet’s headquarters in Pennsylvania. The results? CCN reported PowerNet’s president:

“Rather than just dump our excess solar power on to the grid, we’re thrilled we can now provide clean, sustainable power to our neighbors,”

The AUD $34 Million ICO also won the 2018 edition of Extreme Tech Challenge (XTC). This competition was organized by the Virgin Group’s Founder and well knows billionaire – Sir Richard Branson. After winning this, the Power Ledger team received financial rewards with more than $1 million dollars and it looks like its on its path to build the future of renewable energy.

Sending XRP With Apple’s Siri – Now a Reality

DailyHodl reported on November 7th, 2018 how XRP was integrated with Amazon Alexa. The XRP development is now creating a XRP Tip Bot app for iOS. This was created by an independent coder – which has created an add-on that lets users transfer XRP only by speaking with Siri. This is possible by using Siri Shortcuts, a tool for the developers to create special voice commands customized for each person. These would be used by Siri to use and control apps

The new 2.2.2 version is now in beta, you can check more details here:

Other Important News

If you’ve missed yesterday’s news, you can read them here: Daily Cryptocurrency News – 7th December 2018

Image Source: Pexels

 

 

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