week in review:

BTC/USD $ 26712.9

ETH/USD $ 1796.60

SHIB/USD $ 0.00000866

WINR/USD $ 0.00003100

DEFT/USD $ 0.00002080

FWC/USD $ 0.00000000008000

SHIB/USD $ 0.00000866

WINR/USD $ 0.00003100

DEFT/USD $ 0.00002080

FWC/USD $ 0.00000000008000

FDC/USD $ 0.00000021

YETI/USD $ 0.003856

SMR/USD $ 0.06492

week in review:

news.eBitcoinics.com 12 May, 2018 news.eBitcoinics.com Views: 379

JP MORGAN EATS HUMBLE PIE: U.S. Patent and Trademark Office revealed this week JP Morgan Chase applied for a patent related to blockchain back in October of last year. It’s quite the turnaround for the bank, which has been on record as one of bitcoin’s and cryptocurrency’s biggest critics. read more

ELON MUSK TAKES ON BITCOIN-BASHING BUFFET ; During the latest Tesla quarterly earnings call, Musk explained he doesn’t believe in “moats,” a term often espoused by the Oracle of Omaha. He said: “I think moats are lame. They are like nice in a sort of quaint, vestigial way. If your only defense against invading armies is a moat, you will not last long. What matters is the pace of innovation, that is the fundamental determinant of competitiveness.” read more.

THREE THINGS THAT DRIVE CRYPTO TRADERS CRAZY ; The second thing that drives crypto traders up the wall is the time it takes to get things done. In this century we’re used to things happening instantly and we’ve come to expect this of technology. However, sending a single bitcoin can take between 10 minutes and 24 hours, depending on the time of the transaction and the fee you pay for sending it. read more

Australian Government Budget Injects $700,000 for Blockchain Research;

The Government will provide $0.7 million in 2018-19 for the Digital Transformation agency to investigate areas where blockchain technology could offer the most value for Government services. read more

‘Put Your Nose Where Your Face Is’: Winkelvoss Dares Bill Gates to Short Bitcoin ;
He tweeted:

“Dear @BillGates there is an easy way to short bitcoin. You can short #XBT, the @CBOE Bitcoin (USD) Futures contract, and put your money where your mouth is!” read more

BITCOIN BEATS GOLD AS NEW FLIGHT CAPITAL; As noted by Forbes, gold doesn’t function well as currency, is insecure, experiences price volatility not too far removed from digital assets, and cannot easily be digitized. Meanwhile, Bitcoin is steadily moving towards mainstream adoption as a viable currency, is highly secure, and allows for cross-border transfers of value in a matter of hours at most. Furthermore, mining real gold uses a tremendous amount of energy and has an environmental impact vastly more significant than Bitcoin mining. read more

Bitcoin to Boom in Australia with Ban on Cash Purchase over $7,500 ;

“The Government will introduce a limit of $10,000 for cash payments made to businesses for goods and services from 1 July 2019. As part of the implementation process, the government will consult on the detail of this measure.”read more

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