Wednesday, December 19, 2018

Santa Rally / Blythe Masters / Chia / Waves Funding

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$BTC (1:08 p.m. EST): $3,837.16 (8.19%) // 90-day high: $7,382.19 // 90-day low: $3,286.14 / / More

$BCH ABC (1:08 p.m. EST): $139.06 (38.14%) // 90-day high: $703.41// 90-day low: $80.95 // More

$ETH (1:09 p.m. EST): $104.92 (10.73%) // 90-day high: $365.71 // 90-day low: $85.11 // More

$LTC (1:09 p.m. EST): $30.58 (6.24%) // 90-day high: $74.80 // 90-day low: $22.09 // More

$XRP (1:09 p.m. EST): $0.37 (11.78%) // 90-day high: $0.61 // 90-day low: $0.26 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Bitcoin's Santa Rally continued into Wednesday. The coin has now seen its price increase 20 percent since last Friday thanks to five consecutive positive days. The rally, which coincided with the one-year anniversary of bitcoin's record high price, has given experts hope that bitcoin finally found a floor. –BLOOMBERG

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2. Blythe Masters has stepped down as the CEO of Digital Asset Holdings. Masters, a former JPMorganChase executive, joined the blockchain startup in 2015 with great fanfare. Her main mission has been to explain blockchain in a way that financial firms and investors can understand, removing the hype around cryptocurrencies to look objectively at the underlying technology. Masters said her resignation comes for personal reasons, but it must be noted that her departure coincides following a year of a significant drop in the price of bitcoin. –CNBC

Blythe Masters steps down as CEO of Digital Asset Holdings
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3. Bram Cohen, the founder of BitTorrent, continues to push ahead with his cryptocurrency, Chia. The coin has been marketed as the anti-bitcoin. It bills itself as "green money for a digital world," since it uses a proof-of-space mining process opposed to the electricity-guzzling proof-of-work mechanism. Proof-of-space uses hard disk space to complete mining operations, which Cohen said is largely underutilized on computers and laptops. –CCN

BitTorrent founder moves forward with Chia
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4. Waves Platform has raised $120 million to roll out a private version of its Vostok platform. Waves serves as a public blockchain network that helps digital startups create tokens. The company had benefited from the boom in initial coin offerings last year. The company's own token, known as Waves, doubled in price amid of the funding announcement. It now has a market value of $383 million. –FINANCE MAGNATES

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5. Wong Ching-kit, the bitcoin millionaire that made it rain cash in a Hong Kong neighborhood earlier this week, has been arrested. –COIN TELEGRAPH

6. Galaxy Digital CEO Michael Novogratz does not expect bitcoin to drop much more. –COIN TELEGRAPH

7. Vodafone, Huawei and Intel, among others, have formed a blockchain industry group. –THE NEXT WEB

8. Tim Draper has made an investment in OpenNode, a bitcoin payments processor. –COINDESK

9. Coinbase has announced support for four more ethereum tokens. –COINSPEAKER

10. Medici Ventures uses the Ravencoin blockchain to purchase equity in Chainstone Labs. –THE-BLOCKCHAIN

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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).

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