Bitcoin is the world’s most renowned cryptocurrency and it has been shaping several domains. There are several ways to bring the crypto to the people. In our everyday communication using social networks and chat applications, people use emojis to express themselves.

Emojis are simple and short means of expressing ourselves; with them, we don’t need to write words in full. People are calling for the creation of a Bitcoin emoji for the keyboard on Apple iOS.

The desire to have it on the keyboard of Apple iOS led to a new change.org petition. However, some people believe that Apple seemingly will not make a BTC emoji.

Despite that not everybody sees Bitcoin and other digital currencies as a beneficial form of money; people still need to know about it. Therefore, instead of having to type ‘Bitcoin,’ an emoji could be of remarkable interest.

However, at the moment, some operating systems lack access to emojis related to Bitcoin. Since Apple is a big tech firm, the provision of such a solution would be remarkable. Unfortunately, the firm is yet to show interest in exploring such an option.

The purpose of the change.org petition is to assist in changing that narrative a little. Unfortunately, petitions of such nature rarely achieve their aim but it is worth trying.

There is Bitcoin symbol on keyboards and an emoji should also be created. A hundred people need to sign the petition to be considered successful. At the moment, over 50 people have signed it. 

Besides, it seems amazingly unlikely that the firm will attend to this demand. The firm has not shown keen interest on cryptos, not to talk of endorsement in any manner.

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Just recently, Bitcoinbch.com CEO Hayden Otto published a video that shows how easy it is to double spend BTC In it, he described how double-spending can easily take place using bitcoin. However, several bitcoin supporters allege that BCH is susceptible to the same type of attack. Even though the BCH network does not make use of the Replace-by-Fee (RBF) protocol.

Ironically, BCH’s attempt to debase Bitcoin turned out to be dubiously successful. Shortly after the video went live, TravelbyBit decided to get rid of both BTC and BCH.

In an interview with Micky.com, Travelbybit CEO Caleb Yeoh disclosed that his company will be “dropping both Bitcoin and Bitcoin Cash from the POS (Point of Sale).”

Also adding that ” both Bitcoin and Bitcoin Cash are not satisfactory enough for retail POS transactions. As they have many “trade-offs between user experience vs security.”

As a result of this decision, about 400 Australian traders will no longer be able to use BTC and BCH on the platform.

The controversial protocol

The Replace-by-Fee (RBF) protocol has attracted a lot of controversy since its inception. It is basically a protocol that allows users to replace a transaction with a completely different one. RBF launch resulted in a lot of disagreements. It negates one of Bitcoin’s founding principles which is irreversibility. Vinny Lingham, former CEO of Gyft disclosed how bad RBF was for his business in 2018.  He said: “We processed over 100,000 transactions with amounts from $5-2000/transaction with no double spends.” Also adding that: “Over $25m in sales and the first time we got a double-spend attack was after RBF was introduced.”

In January 2019 Ethereum Classic also experienced double-spending attacks resulting in a loss of about $500,000.

BCH doesn’t care

Otto appears unperturbed about the delisting. He also added that “BCH alone accounts for over 93% of Australia’s crypto retail expenditure.” Pointing out that all this economic activity occurs outside the TravelByBit network. Hence “BCH adoption in Australia is unaffected.”

Source (Credit): AltCoinBuzz

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American venture capitalist Tim Draper has become known for his bullish prediction that bitcoin will reach $250,000 by 2022. CNBC’s Fast Money program aired Dec. 19, there may be support for Draper’s massive call. 

The program opened with a host asking analyst Brian Kelly whether the bullish prediction had any basis,

I got to be honest with you Brian, when the producers talked about this earlier today, I said ‘I don’t know if we should talk about it’, because I felt like it was so bold it was almost irresponsible. But Draper’s a well-known guy, he’s not going to say anything he doesn’t believe.

Using a logarithmic scale, Kelly went on to explain to viewers that bitcoin has been trading in a broad channel since 2013, with the peak extending to around $200,000 in 2020. 

Kelly further supported Draper’s prediction by saying that bitcoin would likely eat into gold’s market cap in the coming years. Per his words, “if Bitcoin were at $250,000, that would be about a 4.5 trillion-dollar market cap, which would be about half the market cap of all the gold in the world. He continued, 

And so I think Tim Draper thinks–and I certainly have some of this view–bitcoin is going to take market share from gold. So if you think over the next two years it can take 50 percent of that market share, then that prediction isn’t too far out of whack.

Source: Cryptoglobe

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The Data Comes From CryptoCompare November Exchange Review, Top-tier cryptocurrency exchanges are those with ratings ranging from “AA” to “B,” according to CryptoCompare’s Exchange Benchmark, while lower rating cryptocurrency exchanges are those with ratings ranging from “C” to “F.”

The volume drop for top-tier exchanges means their aggregate volume currently represents 31.4% of the total market, meaning its still close to one-third of global trading volumes. The top cryptocurrency exchange with fiat currency pairs by total volume last month was P2PB2B with $30.98 billion traded.

It was followed by Coinsbit, which traded $16.37 billion after seeing its volume more than double, and Bithumb which traded $7.42 billion after seeing its volume rise 15.24%. CryptoCompare’s Exchange Review also looks into predominant fee types on the market, derivatives data, stablecoin volumes, trans-fee mining exchanges, decentralized exchanges, and derivative products.

Co-founder and CEO of CryptoCompare said in a press release shared with CryptoGlobe:

CryptoCompare’s high quality, granular analysis, ranking the global exchanges, has brought greater transparency to the crypto asset class, enabling market participants to make better decisions.

DDEX was the top decentralized exchange in November, despite seeing its volume drop over 40% since October. IDEX and BitSquare, the other two top decentralized exchanges, saw their volumes drop 19.97% and 19.81% respectively. DEXs, the reported noted, represent only 0.01% of the global spot volume.

When it comes to regulated bitcoin derivatives trading, CME has been dominating the scene with its volume going from $3.12 billion in October to $4.22 billion last month. Grayscale’s Bitcoin Trust (GBTC) saw its trading volume drop 17.5%, the report notes.

The top derivatives exchange in the cryptocurrency space was OKEx, with $91.5 billion traded in November. It was closely followed by Huobi, with $89.52 billion traded.

Source (Credit): CryptoGlobe