BMO Warns US Stock Market Could Crash to ‘Ugly’ December Lows

A critical re-test of December lows could place severe pressure on the US stock market. With the Dow already reeling from five straight days of losses, BMO’s chief analyst Russ Visch warns things could get “ugly” for the index and its peers, the S&P 500 and Nasdaq. BMO: S&P 500 Crosses Critical Selling Trigger ZeroHedge outlined the S&P 500’s drop below 2,750 as a “critical selling trigger,” warning that commodity traders have now started to sell. Adding to the bearish outlook, the Bank of Montreal’s Russ Visch proclaims that the “goldilocks” rally has ended – “goldilocks” referring in economics to

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News – CCN

r/Bitcoin recap – December 2018

Hi Bitcoiners!

I’m back with the 24th monthly Bitcoin news recap.

For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.

You can see recaps of the previous months on Bitcoinsnippets.com

A recap of Bitcoin in December 2018

Adoption * Some statistics on Localbitcoins in Venezuela (2 Dec) * The Lightning Network has grown from 4 btc capacity to 450 since February (5 Dec) * Cash App by Square is the #1 app in the US app store (8 Dec) * Someone buys drinks using bitcoin in a bar in Paris (12 Dec) * The Lightning Network reaches 500 btc in network capacity (21 Dec) * A visualization of 15k lightning network channels (23 Dec) * Several content creators are being banned or abandoning Patreon and considering bitcoin (27 Dec)

Development * A list of possible future changes to Bitcoin by Luke Dash Jr (6 Dec) * Someone creates a Lightning Network micropayment button (7 Dec) * A discussion on the LNTipBot (8 Dec) * The rise of the all-in-one Bitcoin & Lightning node (10 Dec) * The first Bitcoin Lightning to ERC20 Atomic Swap (12 Dec) * A discussion on Schnorr and Taproot on the Bitcoin development mailing list (14 Dec) * Bitcoin Core 0.17.1 is released (25 Dec) * Someone creates an offline tool that fixes mistyped private keys or fixes missing characters (30 Dec)

Security * Some people stole $ 3.3M in cryptocurrency from over 100 smartphones (7 Dec) * A warning not to use single-address website-generated paper wallets (19 Dec) * Someone proposes January 3rd as an “independence day” where users should control their keys (22 Dec) * A discussion on security against quantum computing attacks in Bitcoin (25 Dec) * Someone’s Electrum Wallet got hacked through a sophisticated attack (27 Dec) * All major hardware wallets were hacked at CCC35 once the physical devices were altered (27 Dec) * A response from Trezor and Ledger on the “hackings” (28 Dec)

Mining * Bitcoin gets its second biggest drop in mining difficulty at -15% (3 Dec) * The Bitcoin mining difficulty is down 31.5% from its peak while hashrate is still increasing (21 Dec)

Business * Bitfury presents the Lightning Network coffee machine (2 Dec) * Bitmain Q3 2018 results show a $ 740M loss (4 Dec) * Shakepay adds a feature that turns spare change from purchases into bitcoin (13 Dec) * Blockstream satellite coverage is now worldwide (18 Dec) * Tim Draper invests $ 1.25M in OpenNode (18 Dec) * BlueWallet introduces the MVP of its zero-configuration Lightning payments on iOS and Android (20 Dec) * Bitmain to lay off 50% of its workforce (25 Dec) * Bakkt raises $ 182.5M (31 Dec)

Education * An updated beginner’s guide on how to build an online store and accept bitcoin payments without coding (1 Dec) * A video discussing the manipulation going on with the bitcoin price by financial institutions (1 Dec) * A video explainer of hashed time lock contracts and routing on the Lightning Network (9 Dec) * A discussion on exchanges and Blockchain-based identities (26 Dec) * An explanation of Lightning Network payment channels (29 Dec)

Regulation & Politics * bitcoin speculation in Denmark has a 53-65% profit tax (5 Dec) * Coinbase executives are allegedly lobbying regulators with lies about bitcoin (20 Dec) * Lawmakers want to change the SEC’s 72-year old securities definition to exclude cryptocurrency (20 Dec) * The US Chief of Staff says Bitcoin is good as it’s out of the hands of governments (17 Dec)

Archeology (Financial Incumbents) * Western Union CEO says they are prepared to add cryptocurrencies when it is necessary (18 Dec)

Price & Trading * The Japanese Yen surpasses the US Dollar as the most traded fiat pair (26 Dec) * The total profit from buying and selling bitcoin on each day of 2017 and 2018 (30 Dec)

Fun & Other * Someone wears a buy bitcoin vest at protests in Paris(1 Dec) * r/Bitcoin reaches 1 million subscribers (3 Dec) * A discussion on the meaning of “Hodl” (8 Dec) * Coinbase recently moved 856k bitcoins (10 Dec) * An interview with Nick Szabo (11 Dec) * 10-year jail term sought for former Mt Gox CEO Mark Karpeles (12 Dec) * Predictions from 1995 on why the Internet won’t work] (15 Dec) * Timothy C May, the writer of the Crypto Anarchist Manifesto, passes away (15 Dec) * Someone helps a user recover their funds after sending litecoin to a bitcoin address (16 Dec) * A user shows their Bitcoin full node and Lightning node (19 Dec) * Cryptograffiti sells an artwork for 1 millisatoshi (20 Dec) * A discussion on dual economies with bitcoin as the Internet currency (23 Dec) * 2018 was a successful year for Bitcoin in terms of network performance (24 Dec) * A list of a few holiday destinations that are Bitcoin-friendly (28 Dec) * How Amara’s law applies to Bitcoin (29 Dec) * A reminder of the Pineapple fund (31 Dec) * Tony Robbins tweets about Bitcoin to his 3M followers (31 Dec) * TIME magazine on why Bitcoin matters for freedom (31 Dec)

Oh yes, Happy New Year. Let's do our best to keep this subreddit a great place!

submitted by /u/SamWouters
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Bitcoin – The Currency of the Internet

Daily Discussion, December 31, 2018

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

We have a couple chat rooms now!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
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Bitcoin – The Currency of the Internet

Daily Discussion, December 30, 2018

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

We have a couple chat rooms now!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
[link] [comments]
Bitcoin – The Currency of the Internet

Daily Discussion, December 29, 2018

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

We have a couple chat rooms now!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
[link] [comments]
Bitcoin – The Currency of the Internet

Daily Discussion, December 28, 2018

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

We have a couple chat rooms now!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
[link] [comments]
Bitcoin – The Currency of the Internet