Right now the Bitcoin is above $6,000

$6,220 according to https://www.worldcoinindex.com/
and $6,230 according to http://www.livecoinstats.com/

Will the coin reach $10,000 before the end of the year?
Would be a nice Christmasgift

What do you think?

A group of banks, now including Santander, is planning to create a business venture in Ireland for its in-development blockchain commerce platform.

Aiming to ease European domestic and cross-border trade, the Digital Trade Chain group is building a distributed ledger framework that connects a buyer, sellers, banks and intermediaries to simplify transaction management and tracking.

More: https://www.coindesk.com/bank-consortium-to-launch-joint-venture-for-blockchain-trade-platform/

Things are not looking too great in the world of cryptocurrency right now.The Bitcoin price is going through an unexpected market correction once again. As a result, the Bitcoin price is now down to $5,360 and it is possible the value will keep going lower moving forward. There is no real reason for this sudden bearish attitude whatsoever, as it seems manipulation is in full effect once again.

More: https://themerkle.com/bitcoin-price-drops-by-over-400-without-any-real-reason/

The Kik Interactive token distribution event (TDE) has just concluded amid much fanfare, and with substantial success, in spite of growing regulatory concerns.

The company raised nearly $100 mln from more than 10,000 participants in 117 countries, which, interestingly, makes the token, Kin, one of the most widely held cryptocurrencies in the world.

More: https://cointelegraph.com/news/kik-ico-ends-strongly-with-nearly-100-mln-raised

Banks in Japan are considering creating a digital currency, the J-Coin, intended to eliminate cash as a payment option. The news broke through an article indicating that the coin is being planned with the blessing of financial regulators for before the 2020 Olympic Games in Tokyo and is intended to streamline the financial system.

Recently, Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market.

But Japan is currently functioning as a 70 percent cash economy - a figure that by far exceeds most developed nations where digital transactions have taken the place of cash. These cash transactions create far more cost in the financial world than digital transactions.

More: https://cointelegraph.com/news/japan-considers-launching-j-coin-eliminating-cash-before-tokyo-2020-games

In October, London will host the major conference, ICO Event London 2017, dedicated to a popular investment generation tool called Initial Coin Offering.

The event will involve blockchain and cryptocurrency experts, venture investors, lawyers and startup founders, raising a great startup capital due to the ICO.

ICO Event London 2017 is one of the first major events dedicated to the new investment method. Not coincidentally, London has been selected to host this event: it is a center of investments and financial hub with a plenty of young companies.

Analysts call the UK a highly active state on the cryptocurrency and ICO market. One has established here a regulatory environment for testing fintech projects, while the blockchain potential is officially recognized by the Financial Conduct Authority (FCA).

However, legislation in this sector is still far cry from perfection, and startup founders, planning to launch the ICO, should consult lawyers.

More: http://www.newsbtc.com/2017/09/20/london-host-largest-conference-ico-event-london-2017/

Bitpay recently partnered with Aliant Payment Systems, which is a company that provides online merchant services for credit card processing. Aliant plans to offer its customer base the option of transacting using bitcoin via Bitpay. This brings Bitcoin another step toward garnering more mainstream adoption.

The company’s official press release mentioned they are one of the first payment processing companies to offer merchants the opportunity to accept payment in bitcoin.

A Financial Magnates article explained, saying, “Aliant Payment Systems, a provider of Aliant Payment Systems Partners with Bitpay, Bringing Bitcoin Mainstreammerchant services and credit card processing based in the US, has announced that it will be partnering with BitPay, a Bitcoin payment processor, for payments processing.”

More: https://news.bitcoin.com/aliant-payment-systems-partners-with-bitpay-to-enable-bitcoin-transactions/

A professor at China’s Renmin University has offered his interpretation of why the regulators are shutting down Chinese bitcoin exchanges. He outlined seven key reasons.

Professor Yang Dong is Deputy Dean of Renmin University’s Law School and Director of Renmin’s Centre for Fintech and Internet Security. He has spoken at many workshops that were well attended by regulators such as the Bank of China and the China Securities Regulatory Commission, as well as academic researchers, think tanks and lawyers.

In an interview on CCTV, he offered a series of explanations why the regulators are closing down Chinese bitcoin exchanges, China Finance Online reported on Friday.

The first point he made concerns licensing. He said that financial institutions are required to obtain licenses to carry out business such as by the China Banking Regulatory Commission and the China Insurance Regulatory Commission (CIRC).

More: https://news.bitcoin.com/expert-reasons-chinese-regulators-shut-down-bitcoin-exchanges/

It is never good to see Bitcoin exchanges or brokers suffer a hack. Although not all of these incidents involve stolen money, it is still a worrisome development from a security vantage point. Litebit.eu, a Dutch cryptocurrency broker, has suffered two separate incidents over the past few months. It remains to be seen how this will affect the company’s reputation moving forward.

More: http://www.btcnewsweb.com/story/4356/dutch-bitcoin-broker-litebit-suffers-second-data-breach-in-six-weeks/

Over the past week, inaccurate news regarding the supposed ban on Chinese bitcoin exchanges from mainstream media outlets in China and the US including Caixin, WSJ and Bloomberg shook the bitcoin market.

Almost immediately after the release of Caixin’s report, bitcoin price endured a minor correction, falling to around $4,100. Despite showing signs of recovery, follow up reports from WSJ, Bloomberg and other western news publications led the bitcoin price to decrease to $3,790.

While some analysts speculate that the baseless criticism from JPMorgan CEO Jamie Dimon led to the minor correction of bitcoin, bitcoin experts including Blockstream CEO Adam Back stated that attributing the decline in bitcoin price to the statement of Dimon is far fetched, mostly because Dimon has continued to criticize bitcoin since 2014. Back explained:

    “I doubt Dimon had any impact. Reaction is just china. I’ve been buying the ‘china bans bitcoin’ dip every time, each time move is smaller.”

What Will Happen to Chinese Exchanges?

On September 13, a statement from China’s National Internet Finance Association (NIFA) translated by Bitcoin.com read that Chinese cryptocurrency exchanges have no legal authority to operate at the moment and that exchanges have received many warnings in the past

More: https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/

This year has seen the cryptocurrency market cross 800 percent growth, but recently, there has been a slowing down and leveling off, even a dip. Is this the market stalling after astronomical growth, or could it be a sign of maturation?

Governments, financial institutions, as well as new niches of the population, are no longer observing cryptocurrencies - they are taking part. However, the flipside is that there’s been a lot of interference in places like China, with their ICO ban, as well as the USA and its SEC, and FINRA and the Russian central bank.
Some see bubbles, others see growth

There is no denying the astronomical growth of the crypto market, but for some these are scary signs, and signs that an unprecedented bubble is forming.

However, interesting developments are indicative that the landscape might in fact be evolving into a more stabilized market.

Fears of regulation and China jumping in with its hardline approach to ICOs, look to be actively stalling the market, but these can be viewed as signs of maturity.

More: https://cointelegraph.com/news/crypto-market-maturing-not-stalling

GoldMint is a project that backs its token with actual gold, making its tokens part of the extremely popular precious metal markets. However, GoldMint is looking to go beyond even that by vending gold and introducing something call “Custody Bot.”

More: http://www.btcnewsweb.com/story/3215/goldmints-custody-bot-gold-vending-for-the-future/

Fees have been extraordinarily high this past week, and this article aims to clear up misconceptions and help users make smarter decisions in setting the right fees for their transactions. $3 fee for a $5 transaction? With the recent Bitcoin rally up into the mid $4,000’s there has been a huge influx of users that really don’t understand how Bitcoin works under the hood.

More: http://www.btcnewsweb.com/story/3143/how-bitcoin-fees-work-and-why-theyve-been-so-high/