November Losses / Petro Price / ABC Criticisms / Wyoming

Subscribe | View in browser $BTC (1:08 p.m. EST): $3,894.16 (-6.17%) // 90-day high: $7,382.19 // 90-day low: $3,604.14 / / More… $BCH ABC (1:08 p.m. EST): $159.04 (-8.18%) // 90-day high: $703.41// 90-day low: $157.32 // More… $ETH (1:09 p.m. EST): $108.18 (-7.27%) // 90-day high: $365.71 // 90-day low: $98.42 // More… $LTC (1:09 p.m. EST): $30.90 (-9.01%) // 90-day high: $74.80 // 90-day low: $27.23 // More… $XRP (1:09 p.m. EST): $0.35 (-4.55%) // 90-day high: $0.61 // 90-day low: $0.26 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Bitcoin lost 37 percent of its value in November as the cryptocurrency market lost $70 billion in value. Bitcoin started the month trading well above $6,000 but struggled to keep support above $4,000 as the month closed. The one-month drop was the worst since April 2011 when bitcoin fell about 39 percent. The crash coincided with the Bitcoin Cash hard fork. While that was on a separate chain, there were spillover effects on other cryptos. –CNBC       2. Venezuelan President Nicolas Maduro has raised the price of the Petro. Maduro announced that the country's national cryptocurrency will now cost 9,000 bolivars to purchase, an increase from 3,600. The announcements was made at the same time as he ordered a 150 percent increase in the country's monthly minimum wage. The bolivar has seen hyperinflation this year as Venezuela's economy has fallen into turmoil. –BITCOIN.COM       Hiring can be a numbers game—when considering salary, how much should you offer top tech talent? Vettery aims to make the recruiting process more transparent for job-seekers and hiring managers, across the board. And we noticed there's one thing people can't stop talking about: salary. We believe that when all parties are on equal footing, everyone is poised to have a better hiring experience. Download Vettery's 2018 Tech Salary Report       3. Bitcoin Cash developer _unwriter took to Medium to highlight infrastructure issues with Bitcoin Cash ABC. Among many accusations, the programmer said Bitcoin Cash ABC became centralized despite the use of checkpoints following the hard fork and developers rushed a flurry of patches just after the fork that did irreversible harm. _unwriter works as a developer for Bitcoin Cash ABC's rival Bitcoin Cash SV, primarily on two infrastructure projects called BitDB and BitSocker. –CCN       4. Wyoming has approved a bill that would allow banks to provide financial services with blockchain-based assets. The bill will create a new type of financial institution, dubbed a "Special Purpose Depository Bank" that will provide services to blockchain companies. The effort is part of Wyoming's overall blockchain friendly agenda. The state has made a commitment to attract crypto and blockchain companies to the state to increase economic development. –BITCOINIST       A 6-week MIT blockchain course Be guided by MIT faculty as you learn to harness the power of blockchain technology to solve real-world business problems in your organization. Find out more.        5. Rejoice trolls: The bitcoin subreddit has passed 1 million users. –COIN TELEGRAPH 6. A Good Samaritan used cryptocurrency to buy clothes and school supplies for children in Venezuela. –AMB CRYPTO 7. Craig Wright said Bitcoin Cash SV would be able to process 1TB blocks within two years. -CCN 8. Here is a helpful list of seven books about cryptocurrency worth reading. –INVEST IN BLOCKCHAIN 9. More than $2 trillion in bitcoin has exchanged hands this year. –BITCOINIST 10. Barry Silbert, CEO of the Digital Currency Group, called the bitcoin cash hard fork an "industry disservice." –ETHEREUM WORLD NEWS       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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