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The month of November was very lively, probably the most animated in the history of cryptocurrency. The market has had a severe blow in a rather incredible bear market which is perhaps the worst in a single month for the industry.
Several other interesting events have occurred during the month and we present a summary of everything for you to recover all the stories you may have missed. So, among the best stories of the month, we have the following:
The Bitcoin Cash (BCH) Hardfork
One of the most important events of the month, the hard fork he was also implicated as partially responsible for the bear market experienced in the month. Bitcoin Cash, a fork of Bitcoin, was severely bifurcated on November 17, giving rise to Bitcoin Cash SV (BCHSV) is (BCHABC). Trading and trading services have been suspended for BCH due to the hard fork, but will return to normal once the fork has been correctly implemented.
Bitcoin BTC) falls below $ 6,000
From the first fall below the value of $ 6,000, Bitcoin (BTC) he kept the level up to $ 7,000 at some point. However, in November, the dive occurred again, this time it comes to $ 3,500. This has created much panic among traders and investors. even if the decline is mainly due to a massive sell-off, more Bitcoin owners decided to sell their property when it fell below $ 6,000, thus worsening the situation.
Craig Wright accused of causing a Bitcoin crash
Before the phenomenal Bitcoin Crash, a supporter of Bitcoin Cash who worked closely with the CEO Roger Ver, made a statement that many consider to have instigated the massive sale that led to the crash. In a tweet, Wright said that (Bitcoin Cash) would have to sell BTC to finance the BTC miners passing through my Bitcoin Cash. he also added "Think about it. We will sell a lot! Consider it, have a good day ".
Many Bitcoin fans and enthusiasts have considered this claim as anti Bitcoin and can cause the price fall of Bitcoin and the market in general. However, some people do not believe that Wright has what it takes to bring down the entire cryptocurrency market so low.
Launch of ICE re-planning of Bakken Bitcoin Futures Product to 2019
With the market of cryptocurrencies in difficulty this year, many have wondered what the future holds for cryptocurrencies. For Bitcoin, analysts and experts believe that some improvements in the sector could increase the asset market. One of these improvements is the Bakkt Futures product due to be launched on December 12, 2018. In fact, Bitpay COO Sonny SIngh predicted that Bakkt and an endorsement of the ETF would boost the Bitcoin market, increasing its price at least $ 15,000.
However, ICE announced within the month that the launch was postponed until the end of January 2019. The reason why the company is in the company is to "Provide extra time for the client and members of the clearing member before the start of the negotiation and storage of the new contract." could the postpone worsen the crash?
Update on Tron
Justin Sun, CEO of Tron, announced in November that the volume of Tron's daily transactions has become 10 times that of EOS. He said that the volume of transactions is growing at over $ 20,000 a day. Apparently the company is growing very fast, especially with the recently launched decentralized exchange Tron DEX which reached a trading volume of $ 184.5 million within five days of trading.
The company's Dapp TronBet game is not left behind in exponential growth. Within the month, Justin Sun announced it $ 3.1 billion were won in games on the platform. It is said that every user processes at least 15,000 transactions a day, a business that many believe has contributed to the strength shown by TRX in the last days.
This incredible growth has brought Justin Sun to challenge the CEO of Ethereum Buterin Vitalik who says that the volume of Ethereum's blockchain transactions will never be able to catch up with Tron again.
Shocking news, EOS is not a blockchain
A benchmarking company Whiteblock has reported one EOS it is not a blockchain contrary to what everyone believed. Following a network reference test using a working EOS replica, the results are not very good. EOS is not a blockchain nor is it decentralized. What's more? Their transactions are not cryptographically validated! This is a scare for investors because the security of the entire network remains questionable as it is centralized.
SWIFT denies the alleged partnership with Ripple
Global Global Paying Network The Global Interbank Financial Telecommunications Company (SWIFT) has denied the rumors that it intends to integrate Ripplenet or XRP to facilitate international payments. Although Ripple is known for excelling in processing cross-border payments, SWIFT has stated that it has no interest in any of its instruments.
In fact, SWIFT has been working on updating its system and has recently introduced Swift GPI, a platform that has been ordered to update its customers. Currently the company manages 40% of all transactions between the US and China, so it seems that it is doing well on its own and may not be interested in working with Ripple to improve its services.
Craig Wright states that XRP is a security and the biggest scam in the industry
Even Craig Wright, accused of collapsing the Bitcoin market, spoke XRP, say cryptocurrency is nothing but a security used to cheat investors in the cryptocurrency space. He said the SEC will soon arrive for the cryptocurrency as it is a "Unregistered illegal security platform to be dismantled".
XRP is the cryptocurrent number 2 by market capitalization and has been there for some time after having dislocated Ethereum (ETH). Wright could say this because he is jealous of the progress made by XRP or is it just because it fits the description of a security?
Crypto Scammers hijacks G-suite to promote Scam
Apart from the fact that the bear market is its main characteristic, November was also a month that saw a high number of hacks. He was one of the most important hacking the Google Twitter G-suite page to promote a scam. The scammers promised a bonus of 10,000 BTCs to their followers if they could send small amounts of BTC to verify their receiving addresses. This is just one of the various hacks that have happened in the month, many of which are scams.
The interest in Bitcoin has soared
Since the market was experiencing a general decline, the The interest in Bitcoin was growing. This was demonstrated by Google search data for the month that showed an increasing number of searches associated with bitcoins. Some experts see this as a sign of good things to come because the growing interest always precedes an upward rush. The effect is yet to be manifested even though Bitcoin is still struggling to keep its price at $ 4,000 at the time of printing.
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