On December 6, Thursday, Bloomberg reported, the current situation in the cryptocurrency market is weighing on the software-development community and Sirin Labs is now considering abandoning hardware altogether and refocusing on shipping software for other phone makers to use.
Bloomberg: Sirin Labs abandons hardware
Israel’s Tax Authority has unilaterally opened tax accounts for hundreds of Israelis it has identified as having unreported earnings from cryptocurrency trading, CTech reports.
Israeli Tax Authority Targets Unreported Crypto Earnings
The president of the blockchain debit card startup TenX, Julian Hosp, has reportedly been implicated in connection with Lyoness, an Austrian discount shopping service that has been declared an illegal pyramid scheme in Norway, Austria, and Switzerland, Breaker reports.
TenX Founder Linked To Pyramid Scheme
Cryptocurrency still sees downward trend. Capitalization decreased to $109 billion. Among TOP-10 cryptocurrencies, Ethereum decreased more than others – 18%. The specialists link its drop to the end of ICO era, but, at the same time, they forecast growth of cryptocurrencies optimistically.
Ethereum Lost 18% In The End Of 2018
Total crypto market capitalization reduced almost two times this month. A month ago – on November, 9th, total market capitalization of all the cryptocurrencies was $212 billion, then it reduced to $110 billion.
Cryptomarket Capitalization Decreased Two Times This Month
The team of hardware wallet Ledger reported that the Ledger Ethereum Wallet Chrome app will be deactivated on December, 10th.
Ledger Deactivates Ethereum Wallet App In Chrome
Bitcoin exchange Coinbase Pro listed Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA).
Coinbase Pro Listed Civic, district0x, Loom Network And Decentraland Tokens
The Bitcoin price has recently sunk which had significant negative impact on mining industry. According to recent reports, many miners in China are now short selling bitcoins to hedge against falling digital asset prices.
Chinese Miners Open Short Bitcoin Positions Due To Market Turndown
The U.S. Representative Warren Davidson of Ohio announced Monday a plan to regulate cryptocurrency and initial coin offerings through the federal government, Finance Magnets reports.
Republican Warren Davidson Works On Cryptocurrency And ICO Regulation
Two U.S. Congressmen from Florida, Darren Soto and Ted Budd jointly announced that they had introduced two pieces of bipartisan legislation in order to help the U.S. crypto industry to stay competitive and prevent price manipulation.