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Hello, guys.

 

Here are some news: Morgan Creek Digital (crypto-focused institutional asset manager) issued a $1 million bet against the S&P 500 stock market index. The crypto fund bets that a basket of ten major crypto assets will outperform the SPX over the next 10 years, starting Jan. 1, 2019. The S&P 500 is based on market capitalizations of 500 large companies that have common stock listed on major stock exchanges.

 

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The challenge from Morgan Creek Digital, dubbed “Buffett Bet 2.0,” evidently echoes a similar bet made by Wall Street’s prominent crypto critic Warren Buffett, who in 2008 bet $1 million that the S&P 500 would outperform a group of hedge funds over a ten year period.

 

Anthony Pompliano, co-founder and partner at Morgan Creek Digital, stated:

 

"A lot of people might look at this and just think we're bullish on crypto — but you need to look at what asset we're going up against. Public equities aren't exactly at their all time highs either."

 

He also made an observation about the performance of traditional stocks in a tweet last month, stating that FANG (Facebook, Amazon, Netflix and Google) went down 20-40 percent from their all-time highs, while the Dow Jones Industrial Average (DOW) had its “worst Thanksgiving week since 2011.”

 

What do you guys think? Who will win the bet?

 

 

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What’s up, fellas?

 

How is your winter going? We understand that today’s reality isn’t as bright for crypto traders as it used to be so we want to make your life a little better by giving you a free month of Silver Tariff plan! The offer is valid ALL DECEMBER!

 

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All you have to do is to buy a month of Silver subscription plan and the second month will be added automatically to your account!

 

We have a lot of loyal clients and we feel for them. We know that those recent events on the crypto market have been rather rough on many of you, guys, so we want to cheer you up because we do care. A month of free trading is our present to you.

 

Happy trading!

 

Trodax Team.

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Good morning!

 

While the market shows some concerning signs, Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, recently stated that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. His statements were reported by local news outlet Express.co.uk on Dec. 10.

 

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This comes as a consequence of the fact that the state of Ohio in the US announced that businesses will be able to pay their taxes in Bitcoin. Hughes commented on this by saying: “You’re either ahead of the curve or you’re behind the curve, and our country is in an interesting position right now — we need to be seen as a progressive country.

 

This is definitely a positive sign from regulators for crypto in general, don’t you think?

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Cryptocurrency banking provider Bitwala will offer bank accounts with Bitcoin Wallet and Debit Card, as was announced on Wednesday, Dec 12. “New users along with the 40,000 pre-registered customers will be onboarded one after the other based on their waitlist place,” the announcement said.

 

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Roman Kessler, a spokesperson for Bitwala, said: “For now, only German residents can go through the KYC [know-your-customer] process. Very soon, hopefully already in January, this will be extended to other jurisdictions inside of the EU. Only bitcoin [is supported] at the moment. You can access them through a multi-sig wallet to which only you have the private key. Other cryptocurrencies to follow shortly”.

 

He also emphasized that “The online bank account and the [debit] card are free,” but trading between BTC and EUR costs 1 percent. “According to our market research that is 5 percentage points below market average”.

 

What do you think of Bitwala’s new service? Let us know in the comments section below.

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The European Parliament (EP) adopted a resolution “Blockchain: a forward-looking trade policy,” on Thursday, in order to improve EU trade policies. Resolutions highlights that using blockchain lets traders upload all their documents in one place (including those related to compliance, to benefit from the preferential tariffs). The technology could also help authorities to automatically get information from these parties and improve verification and trade processes thus improving the quality and speed of their services.

 

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The resolution marks the latest positive step toward blockchain adoption in the EU region. Earlier this month, six southern European states – France, Italy, Spain, Malta, Cyprus and Portugal – signed a joint declaration to promote the use of blockchain in order to transform their economies.

 

How do you think this will influence the crypto world?

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What’s up, fellas?

 

With the current market downtrend many traders panic and decide not to invest in crypto at all. Some are just holding and hoping that it will eventually gain all the value it’s lost and rise up even higher.

 

We just want to remind you that you can actually trade crypto and benefit from it even when the market is down. All you need is right strategy and cool head. Well, some help from the best automated cryptocurrency trading bot wouldn’t hurt either.

 

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We offers you 4 different strategies for different market tendencies. We are realists and understand how important flexibility is, especially in such a volatile environment as crypto market is. The CAREFUL strategy is perfect for a bearish market. As we have already written, most traders lose money BECAUSE OF THE EMOTIONS! Our trading robots operate using stats, informed opinions and logic. No emotions. No losses.

 

Don’t let your fear ruin your trading

 

Trade smart.

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