Crypto Fall Continues / Overstock Future / GigaWatt / Snowden

Subscribe | View in browser $BTC (1:50 p.m. EST): $3,829.89 (0.84%) // 90-day high: $7,382.19 // 90-day low: $3,604.14 / / More… $BCH ABC (1:51 p.m. EST): $184.31 (3.85%) // 90-day high: $703.41// 90-day low: $157.32 // More… $ETH (1:51 p.m. EST): $109.52 (0.48%) // 90-day high: $365.71 // 90-day low: $98.42 // More… $LTC (1:52 p.m. EST): $30.13 (5.86%) // 90-day high: $74.80 // 90-day low: $27.23 // More… $XRP (1:52 p.m. EST): $0.36 (5.61%) // 90-day high: $0.61 // 90-day low: $0.26 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The price of bitcoin continued to drop over the Thanksgiving holiday weekend. Bitcoin dropped as low as $3,604 per coin, continuing a fall that started more than two weeks ago. Bitcoin has now lost more than 80 percent of its value from its all-time highs late last year. Ethereum and XRP have seen similar drops this year. Bitcoin's drop the past two weeks – where it has lost about 40 percent of its value – is the worst price fall since April 2013. –FORBES       2. Overstock will sell its ecommerce business to focus on blockchain and cryptocurrencies. CEO Patrick Byrne said Overstock, which was founded in 1999 to sell goods like furniture and jewelry on the internet, has invested $175 million in Medici. The subsidiary acts as an investment arm for crypto firms. One of its best-known startups, tZero, is a crypto trading system that has not yet launched commercially. While tZero is losing about $2 million per month, Byrne did not seem fazed. "We think we've got cold fusion on the blockchain side." –THE WALL STREET JOURNAL       Vettery is building a more accountable hiring process. Vettery aims to make the recruiting process more transparent for job-seekers and hiring managers, across the board. With intuitive search and collaborative tools, cut down your time to hire and discover top-notch tech talent today. Try Vettery       3. GigaWatt filed for bankruptcy last week in many ways showing the rapid rise and fall of the cryptocurrency market. The company raised $22.6 million in an ICO just last year. The mining operation's three owners also invested $25 million back into the project. With falling crypto prices, and the lack of interest in a larger mining operation in central Washington from outside companies, GigaWatt now holds less than $50,000 in assets and has creditor claims of more than $7 million. –BITCOINIST       4. Edward Snowden said bitcoin will lose its place atop the cryptocurrency world, but that cryptocurrencies will continue to exist. In an interview with the ACLU, Snowden said that the belief that supports bitcoin acting as a global currency would merely transfer itself to other cryptocurrencies instead of dissipating. He said that as long as long as bitcoin holds some kind of value and people believe it can be used as a bona fide means of exchange it will continue to exist and provide utility. –CCN       HHHEEEELLLLOOOOOO!!!!! Your remote folks are sick of being ignored in meetings. So stop it … please … #ForPetesSake Watch the video.       5. Ohio is set to become the first state to accept bitcoin for tax bills. –THE WALL STREET JOURNAL 6. Here is a wide-ranging interview with Alejando de la Torre, BTC.com's VP of Business Operations where he, among other things, states that Satoshi Nakamoto may be a woman. –CCN 7. Ethereum is now below $100 per coin, but an analyst asks an important question: After ethereum's success in the past, who would actually sell coins at this price? –CAPTAIN COIN 8. Hester Peirce, a US Securities and Exchange Commission also known as Crypto Mom, said there is a big learning curve to bitcoin and cryptocurrencies. –AMB CRYPTO 9. Japanese startup Connectome has created what it believes to be the first robot for the blockchain. –COIN TELEGRAPH 10. An Amazon Web Services outage in Korea forced two cryptocurrency exchanges offline for several hours. –THE NEXT WEB       Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon. Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).       Capitalize on the economic opportunities offered by blockchain technology with MIT Sloan.

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