Wider recognition of bitcoin amid bitcoin twitter analyst digital currency’s soaring popularity could threaten the U. The Cboe launched its highly-anticipated bitcoin futures contract on Sunday and CME Group will be kicking off its own futures contract later in December.

This should bolster the increasing popularity of cryptocurrencies – so much so that they may pose a threat to the role of the U. Stephen Brennock, oil analyst at PVM Oil Associates, said in a note on Friday. The biggest threat could come from oil-producing countries, Brennock pointed out. China, Russia and Venezuela have been viewed as the top three countries looking to move away from the U. China is the only country out of the three that could present a barrier for the use of cryptocurrencies in the commodity market, as it banned mainland residents from trading in cryptocurrencies on exchanges back in September.

December 7, 2017 Bitcoin caught many experts off guard, with multiple warnings saying that soaring prices are a clear signs of a bubble. You get to choose in which form you’ll take the gift. But, there was also one condition for the present – you can’t touch it for 10 years. The choices listed by former congressman and two-time presidential candidate Ron Paul were: Federal Reserve Notes, gold, bitcoin and 10-Year U. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.

Receive all Bitcoinist news in Telegram! 100 percent against the USD in the last seven days. This news comes as a surprise to some, who’ve watched Bitcoin Cash languish during 2018’s bear market. Bitcoin’s blockchain — should only further hamper Bitcoin Cash’s cause.

According to some, it’s little more than artificial price movement in Bitcoin Cash’s continual PR campaign to garner attention away from its big brother. Antpool, a Bitmain-run mining pool which confirms 8. Now, projects like Bitcoin Cash are struggling to remain relevant, which is hard when very few users are using the network. Miners have to liquidate their holdings regularly to pay for their expenses.

The move from Antpool is intended to slow down further price depreciation, by attempting to increase the perception of scarcity. Whether the move will be successful remains to be seen. Nowhere in Bitcoin’s original whitepaper is the concept of burning one’s own tokens to increase perceived scarcity mentioned, however. Imagine some really rich person buys “Bitcoin” from this website, then later on finds out they were actually sold rat poison. Those in charge of marketing Bitcoin Cash have long been accused of stealing the Bitcoin brand for their own financial gain.

Bitcoin was banned from Twitter — presumably for falsely impersonating its namesake. Understandably, many in the cryptocurrency space are not particularly happy about the repeated attempts at undermining Bitcoin by the BCH camp. Federal Bureau of Investigation’s Internet Crime Complaint Center. What do you think of Antpool’s burning of Bitcoin Cash to increase scarcity? Do you agree that his move is little more than a PR stunt in the battle to remain relevant? Let us know in the comments below! Crypto,’ an unlikely blockbuster which will see actors from some of the most popular current US serials play major roles, will begin filming later this year, local industry magazine Hollywood Reporter revealed last week.