From Bitcoin’s bottom line to a new fiat-to-crypto exchange featuring Stellar, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Tom Lee, the co-founder of market research and analysis firm Fundstrat, told Bloomberg that he believes Bitcoin has reached its bottom.
“$6,000 is a level that is more important than we realized. Earlier this year, we were pointing $6,000 as break even for Bitcoin mining so that level should hold. The fact Bitcoin is holding here is very good news. I think there are catalysts in the year end. So I think, despite the lower highs we’ve seen, I think we’re starting to reverse.”
The catalysts, according to Lee, are the growing infrastructure of the cryptocurrency exchange market and increasing adoption from institutional investors.
A zero-fee decentralized exchange that uses Stellar (XLM) as a base currency has officially launched.
StellarX lets users deposit cash from US bank accounts, and currently features a long list of coins including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Monero
Monero has launched a new web portal dedicated to getting the word out on how to stop crypto-mining malware.
“We created a set of resources that explain the basics of Monero and mining. We also have resources explaining and helping stop/remove unwanted in-browser mining, system mining, and ransomware. The website is purposefully approachable to absolute newcomers so that anyone can understand, though it offers actionable information that novices and experts alike can follow. It’s our mission to resolve an unfortunate situation as well as possible.”
Ethereum, EOS, Ripple and XRP, Etherparty
Crypto leaders and luminaries from Ethereum, EOS, Ripple and XRP, and Etherparty sat down for a panel at Blockchain Live 2018 in London.
Dan Larimer, Joseph Lubin, Marcus Treacher and Kevin Hobbs talked about the future of cryptocurrency and blockchain, and what it will take to bring the technology into the mainstream.
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