1. Bear Market ‘Largely Over,’ Crypto Fund Manager Claims
Timothy Enneking, managing director of Crypto Asset Managment, LP, said that the winter in cryptocurrency markets is “largely over”. Asset consolidation, regulatory concerns, massive liquidation by the Mt. Gox trustee and startups’ selling crypto assets to pay salaries and expenses are all factors in the market’s overall decline. Now the market should start rebounding soon. Read more at CoinDesk.
2. Indian Government Think Tank Trials Blockchain to Combat Fake Meds
Indian government think tank is working on a blockchain solution aimed to combat the country’s roaring counterfeit drugs trade. The National Institution for Transforming India, known as NITI Aayog, aims to have a proof-of-concept (PoC) of the solution completed by the end of 2018 and begin rolling it out next year. Read more at CoinDesk.
3. Here’s How Taxes Are Harming Bitcoin’s Usefulness as a Payment Method
While most of the early buzz around Bitcoin centered on it as a new, fast, cheap and permissionless method of online payment, the focus has moved from medium of exchange to store of value over the past few years. t’s clear that bitcoin is useful for censorship-resistant payments that may not otherwise be possible without this new technology. Read more at BitcoinMagazine
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