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Cryptocurrency and Blockchain News
Kubitx, a pan-African digital asset exchange, went live on Dec. 20 after completing its beta test. The Malta-registered trading platform has also released what it calls a “hybrid over-the-counter (OTC) wallet” allowing users to buy and sell cryptocurrencies including BTC and BCH as well as to pay bills.
Over the past month, consumers witnessed a series of food distribution disasters: Romaine lettuce was recalled across 11 states and Canada after more than 30 people reported illnesses; approximately 6.5 million pounds of various beef products was flagged for possibly containing salmonella; and more than 89,000 pounds of ready-to-eat ham products were recalled due to a listeria contamination.
Bitcoin’s mesmerizing rise and fall in the past year has left investors and regulators asking what just happened? Many are also asking an even more fundamental question: ‘What is Bitcoin?’ In fact, that was the most searched definition in the US and UK in 2018, according to Google Trends.
13th December saw Litecoin achieve a significant milestone: getting its very own Lightning Network on CoinGate, one of the most popular cryptocurrency exchange platforms. CoinGate made the announcement and confirmed by Litecoin’s management team amidst excitement in the Litecoin and CoinGate communities.
On December 12, Boerse Stuttgart, the second-biggest stock exchange in Germany and the ninth-largest in Europe, said in an official statement that it plans to introduce a crypto trading platform by the second quarter of 2019. Alexander Höptner, the CEO of Boerse Stuttgart GmbH, stated: “With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. solarisBank’s Blockchain Factory supports us in taking trading in crypto currencies and tokens to the next level and in setting new standards in transparency and reliability.”
In December 2017, the price of bitcoin was approaching $20,000 after months of miraculous growth had pushed its price up by more than 2,000 per cent since the start of year. There seemed no end in sight to the cryptocurrency being hailed as the future of money, as newly-minted early adopters encouraged newcomers to invest in the digital gold rush.