This Week In Cryptocurrency - Friday, Dec. 7

Down with the Ship?

Everyone better start praying to Satoshi and start praying soon. The market took another hammering this week, nosediving over 15 percent. Only a handful of cryptocurrencies in the top 100 saw green this week. The list includes Bitcoin SV (9.99%), Waves (25.75%), Factom (12.75%), and Huobi Token (4.27%). But what about the three big boys?

Bitcoin tumbled 14.82% down to below $3,500.

XRP lost 15.77% over the week with a current price tag of just over $0.30.

Ethereum bled a gruesome 23.19% since last week. You can now grab a full coin for under $90.

(Click on image to enlarge)

Cryptocurrency Market Stats (12/7/18)

Domestic Cryptocurrency News

Wyoming Takes Another Pro-Blockchain Stance: The Cowboy State continues to quietly build themselves up as a cryptocurrency and blockchain hub in the United States. After passing a series of blockchain-friendly bills in February, the legislative committee recently added another piece of blockchain legislation to the list. The new bill, receiving a vote of 13-1 for, allows banks in the state to provide services for blockchain assets.

The bill is apparently the product of a “Blockchain Task Force” committee. The purpose of the committee was (and is) to discover the challenges that blockchain entrepreneurs face.

For those that know, or live, in Wyoming, this ruling should come as no surprise. The state was dubbed the Equality State as the first state allowing women to vote and has consistently passed progressive legislation.

Survey Says…Crypto!: According to a recent survey by job platform Humans, 29 percent of U.S. freelancers would like to receive at least part of their income in cryptocurrency. The freelancers argue that legacy systems take too long, limit daily transfers, and charge exorbitant fees among other issues. For example, PayPal charges almost three percent on many of the transactions on the platform.

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