Good morning traders! Holidays are over for me and it's work as usual - but only a few more days to go until New Year's Eve!
Let's recap what's happening.
James Faucette, an analyst for Morgan Stanley, says that
Bitcoin'a current value of approximately 15K is completely unjustified and values Bitcoin at 0. His reasoning? If nobody will use the technology for payments - it's proper value should be zero. He backs up his claims with what Morgan Stanley calls "the saddest bitcoin chart ever".
Read up on the article on Business Insider
Open Trading Network Foundation is making history by creating a 100% decentralized exchange to unite all blockchain networks. According to them, "OTN will allow instant transactions between a wide myriad of blockchain networks". And instead of raising funds via an ICO, they have partnered with a traing firm IQ Option. This might be one to keep your eyes on.
Via coinidol.com
Website here otn.org
A sex toy that reacts to the price swings of Bitcoin and other majors? Thanks to Camsoda, this is now possible. Apparently the toys connect to the Bitcast service via internet, which tracks the real-time prices of major cryptos. The vibrations intensify as the price keeps pushing higher and tone down as price pulls back. Because, why not? My question is - what happens if the price collapses?
Familiarise yourself with the article on vice.com
Belarus has legalised cryptocurrencies in order to bring in more foreign investors. Whaaat? you say. No-one would expect a former soviet-block country to be in the frontier of the cryptorevolution, but it is what it is. And tax breaks? Sign me up.
Article via newsbtc.com
Another Google Trends highlight - Google Search fot Bitcoin has surpassed the search for Donald Trump. Why did i even bring this up? -slaps himself
Via Reddit
Ramp Capital has changed his name to Blockchain Ramp Capital. Apparently SPX and Dow Jones ramps pale in comparison with what the crypto markets show us. Don't miss out!
Via Ramp Capital