Hodler’s Digest, Dec. 31 – Jan. 6: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Georgia State Senator Reports to Jail Over Alleged Theft of Crypto Mining Equipment

Republican state senator of Georgia has reported to jail in the United States for allegedly lying about the theft of cryptocurrency mining equipment worth around $300,000. State senator Michael Williams had disclosed the theft in May, and is reporting to jail now over his false police reports and statement. Williams had declared that a server that was used to mine unnamed cryptocurrencies had disappeared from his office premises, but last month was indicted by grand jury on three counts.

NYSE Operator’s Bakkt Announces Completion of $182.5 Million Funding Round

Bakkt, the digital assets platform created by the operator of the New York Stock Exchange (NYSE), announced the completion of its first funding round this week, having official raised $182.5 million from 12 partners and investors. Those who participated in the round reportedly include ICE, Boston Consulting Group, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Microsoft’s venture capital arm and Pantera Capital. Bakkt also noted in their announcement that they are working with U.S. regulators to obtain approval for their physically delivered and warehoused Bitcoin (BTC).

Iran Declares Telegram Cryptocurrency Plans a Threat to National Security

The Iranian government this week declared that messaging app Telegram’s cryptocurrency development is a threat to national security. Javad Javidnia, the secretary of the country’s Criminal Content Definition Task Force, said that any cooperation with the app’s plans to launch its Gram token will be considered an act against national security and a disruption to the national economy. The country had first banned the messaging app in April, after criticizing its initial coin offering (ICO) for having the potential to undermine the national currency of Iran.

Fortnite Merchandise Store Begins Accepting Monero as Exclusive Crypto Payment Method

The merchandise store for the online video game Fortnite, Retail Row, has started exclusively accepting Monero (XMR) as a cryptocurrency payment option. Fortnite has a reported 125 million players globally, was released in July 2017 and developed by Epic Games. In October 2018, Epic Game was valued at more than $15 billion in its most recent funding round. Specifically, Retail Row supports crypto payments service GloBee, which includes Bitcoin, Litecoin (LTC) and Ripple (XRP) support as well as Monero, even if the Fortnite store will only support Monero.

Media Reported Bitcoin’s Death 90 Times in 2018, While There Are 1,000 Dead Altcoins

At the end of the year, an analysis of the number of times that Bitcoin has been reported as dead in the media has totalled 90. According to data from 99bitcoins, the coin’s death has been reported by world media almost 100 times from December 2017 to December 2018. In contrast, a site that tracks the “death” of altcoins contains around 1,000 entries at the end of the year. The database distinguishes assets that failed due to hacks, scams, or were parody coins without a sincere purpose. The total number of cryptocurrencies with a measurable market cap is now over 2,000, according to CoinMarketCap.

Winners and Losers

At the end of the week, the crypto market is staying steady: Bitcoin is around $3,966.04, Ethereum at $153.27 and Ripple trading near $0.36. Total market capitalization is at around $131 billion.

The top three altcoin gainers of the week are Bastonet, Paypie and Mero. The top three altcoin losers of the week are ACRE, Bitspace and Block-Chain.com.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Most Memorable Quotations

“It doesn’t need to be the bitcoin blockchain, but if it’s not a public chain, then you’re missing the point,”  — Jed McCaleb, Stellar’s co-founder and CTO

“Bitcoin is different because Bitcoin is decentralized. The advantages of decentralization are often subtle and easy to dismiss, but they are real benefits,” — Jimmy Song, Bitcoin developer

“I believe that Bitcoin is a very interesting experiment that if is successful in the long run could not only revolutionize money, but revolutionize how we think about governance,”  — Jameson Lopp, cypherpunk

“The area I am most concerned about are actions brought by misguided regulators who will take aim at high quality projects and harm them. And we will continue to see all sorts of failures, from scams, hacks, failed projects, and losing investments be a drag on the sector,”  — Fred Wilson, venture capital investor

“Withdtaw [sic] your funds. I was trashed for calling out HitBT [sic] as a corrupt cimpany [sic]. Tough sh*t.