Crypto Updates

French Parliament deputies Jean-Michel Mis and Laure de La Raudière released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain. They also asked the government to invest in up to 500 million euros in blockchain programs. According to Jean-Michel Mis, “2019 will be the year of the blockchain in France,” and her counterpart Laure de La Raudière also noted that France should not miss the blockchain boat as it was in the Internet revolution in the 1990s. According to earlier reports, French grocery mega-chain Carrefour began using blockchain for its supply-chain management to prevent food contamination back in October. (RL)

source: ccn.com

Japanese cryptocurrency exchange Bitpoint announced the launch of a crypto-to-fiat trading platform in Panama on Dec.12. The regulatory-compliant exchange reportedly will offer USD pairs with top cryptocurrencies like bitcoin cash, Ethereum, bitcoin core, litecoin, and ripple. Bitpoint is a licensed cryptocurrency exchange operator headquartered in Tokyo and already operates trading platforms in five Asian countries. (RL)

source: bitcoinschannel.com

Gods Unchained, a collectible trading card game built on the Ethereum (ETH) blockchain and backed by Coinbase, has announced that registration for its closed beta is now live. According to the announcement, gamers will need to have an Apollo account to join the waitlist, download the game and link their Ethereum addresses.Gods Unchained features a sleek game board for PvP competitions and gameplay. Besides, the game’s assets are represented by non-fungible tokens on the Ethereum blockchain. (RL)

Moshe Hogeg, a renowned Israeli crypto entrepreneur, is facing accusations of misusing funds from two ICO projects. Consequently, IDC Investdotcom Holdings, the company that conducted the ICOs has become insolvent. Seventeen individuals alleging to be shareholders in the company have filed a petition seeking to liquidate the organization. According to a report by The Times of Israel, a court in Tel Aviv has subsequently appointed a temporary liquidator. The petitioners claim that Moshe failed to share the firm’s proceeds and instead squandered. (KE)

China’s Center for Information and Industry Development (CCID) has revised its ranking list of crypto projects, with EOS still occupying the top spot, followed by Ethereum. This month, the center upgraded BTC from the 19th place in the previous month to the 13th place. BCH, which endured a contentious hard fork on Nov. 15, dropped one position to the 29th place. The center evaluated 33 projects based on their basic technology, applicability, and creativity, as well as overall. In the creativity category, BTC tops the list. EOS claims the number one spot in the basic technology category while Ethereum ranks first in the applicability category. (RL)

Binance recently announced that is will rename its Tether (USDT) market to USD(S). The market will include more popular stablecoins and trading pairs. Binance was careful to explain that USD(S) "is not a new stablecoin: it is the symbol of Binance's new stablecoin market." About 10 days ago Binance also listed USD Coin (USDC) and the platform also supports TrueUSD, Paxos Standard Token, and Tether.

Bitcoin experienced its biggest weekly drop since 2013, going from $5,553 to a low of $3,520 last week. Bitcoin lost nearly 36% of its value in just one week. The previous biggest drop was in April 2013, when Bitcoin crashed from $165 to $91, losing 44.8% of its value. As per the 14-day relative strength index (RSI), Bitcoin is over-sold right now. However, it has failed to produce a strong corrective bounce yet, indicating the fall may continue.

The crypto market reached a new low today, as more than $10 Billion was wiped off from the market in a matter of few hours. The total market cap reached a new low of $136.21 Billion. The previous low was $140 Billion from early this week. Bitcoin also fell to a new low of $4,200. However, there was a slight rebound after that, and the market cap is at $139 Billion right now. Ethereum, for the first time, crashed to $120 in 12 months. All of the top 25 cryptocurrencies are flashing red right now.