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Crypto FUD, Canada Goes Out of Power With Huge Mining & Nasdaq's Own Cryptocurrency by aftabkhan10

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· @aftabkhan10 ·
$45.28
Crypto FUD, Canada Goes Out of Power With Huge Mining & Nasdaq's Own Cryptocurrency
![ASDF.jpg](https://steemitimages.com/DQmRXoNxiK3jsy81EJjB1px448q9N5zkT6vrDFhSnJXig9i/ASDF.jpg)

Hello Everybody!

*Well if we look at the market at coinmarketcap.com, you will see things down with almost red lines everywhere with a lot of uncertainty in the market.* 

**`Some things are up but a lot of things are down right now. So be very careful when you invest and invest in projects that you feel very strongly about.`**

## Okay so we are going to start with this news:

> ### Weise ratings gives Bitcoin C+, Sparks South Korean DDoS Revenge
> https://cointelegraph.com/news/weiss-ratings-gives-bitcoin-c-sparks-south-korean-ddos-revenge
![12.PNG](https://steemitimages.com/DQmTUAb1TN1W9xCz8Wy3U5QonoKS2WsnvrwKmCGaNUGDtU5/12.PNG)

*Well, personally some guys are not too fond of Weiss ratings. Something like Bitcoin that has been so successful for so long has the same rating as Dogecoin.*

**Let's say you have a bunch of investors, and one rating in America says that your coin is bad. Then DDoSing their website is not going to make the coin good in their eyes.**

### `I am not sure what this was trying to accomplish, but they did it allegedly.`

<b/>

If Bitcoin or these other cyptocurrencies change their stuff and overcome their own challenges, for example, Bitcoin and it's scalability issues, they are going to upgrade the ratings.

## Okay so moving along and sharing this news:

> ### Even with energy surplus, Canada unable to meet electricity demands of Bitcoin Miners
> https://cointelegraph.com/news/even-with-energy-surplus-canada-unable-to-meet-electricity-demands-of-bitcoin-miners
![2.PNG](https://steemitimages.com/DQme9YSUWJ1AD4DjW5WzsCok5wPi1ueHkt6Fc4teMaLSAMW/2.PNG)

*For those of you who are not familiar with Canada, Quebec is a French province in Canada. Most of the provinces are English-speaking with French as a secondary. Quebec is the only province with French as the primary and English as a secondary and they have a surplus of electricity in that province, thanks to hydroelectric dams.* 

This article goes on to say that Hydra Quebec has pretty much said, ***`" Guys we can't keep up with all your mining".`***

## Next is:

> ### Nasdaq Undecided About Launching Own Bitcoin Futures, β€˜Still Evaluating’ Feasibility
> https://cointelegraph.com/news/nasdaq-undecided-about-launching-own-bitcoin-futures-still-evaluating-feasibility
![4.PNG](https://steemitimages.com/DQmVAiBKVjVu5NvUi56mSUQNWMNYYZRCRu2AzNdizY3KTw8/4.PNG)

### Nasdaq is considering doing their own Bitcoin futures and they are debating on it right now.
<b/>

**The CEO of Nasdaq has said that:**

> ### Cryptocurrencies will have a role in the global economy.

<b/>

*That is indeed something positive for cryptocurrency users and that will possibly go boom crypto market.* 

`Nasdaq didn't really specify the exact date of launching their own cryptocurrency, but their is much chances that they are going to do it in June, 2018. Nasdaq has also given us a clue that they are not only thinking about Bitcoin but they may consider other cryptocurrencies like Ethereum and may be others.`

*Only time will tell what Nasdaq come out with, but this would be really huge.*

**Thats it for now, don't forget to share your views.**

Thanks

<center>![My Gif Banner.gif](https://steemitimages.com/DQmbC81Z6iQ2gFczz9LbSYTuoeV43WktdTmaBPjUTvVm2D3/My%20Gif%20Banner.gif)</center>

## Other Reads That Might Interest you:

[Amazon Cryptocurrency Exchange](https://steemit.com/cryptocurrency/@aftabkhan10/amazon-cryptocurrency-exchange-i-mean-really)
[CryptoNews: BittConnectX, IOTA DDOS & Crypto Ratings](https://steemit.com/bitcoin/@aftabkhan10/cryptonews-bittconnectx-iota-ddos-and-crypto-ratings)
[Most Important Things You Need To Know About Cryptocurrencies](https://steemit.com/bitcoin/@aftabkhan10/most-important-things-you-need-to-know-about-cryptocurrencies)
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@automaton ·
Cryptocurrency has a role in the global economy: To free the people from debt enslavement and casino finance markets. Most importantly people need to have a little fun.
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@aftabkhan10 ·
Lol Yeah
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@bibek ·
Is this real news or just for FUD?
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@gasparcha ·
$0.04
Looks like new to Me.
πŸ‘  
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@bibek ·
Exactly....
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@cryptocoiners · (edited)
$0.17
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@aftabkhan10 ·
You welcome
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@fztbyt ·
Thanks very good post !!!!

Awesome Work!

https://media.giphy.com/media/3ohhwi25ISXC7Z4tMs/giphy.gif
Keep it up!!!   @fztbyt
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@maximdraws ·
Great post @aftabkhan10! Thanks for sharing this with us :)
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@aftabkhan10 ·
Thanks bud
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@mikefrancis ·
Wow, i found this post really intresting. Now i know why the market has been red. I thought the only reason was because of the expired bitcoin futures but now i know that there are still other news. Thanks for this info.
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@mykarma ·
hola! I like your post! Thanks for it! I went to jail because of cryptos... lets make steemit together to a better place with our content! I would like to read a bit more about you and maybe do you have some more pictures? I also just wrote a introduce yourself. Maybe you upvote me and follow me swell as I do? https://busy.org/introduceyourself/@mykarma/1-jail-review-bitcoins-3-years-ago
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@outerground ·
$0.36
great article with lots of interesting information. I think it's really good to see such a wide amount of opinion and some reasons to be cheerful about the future of crypto. At Davos they're talking it down with plenty of FUD and regulation threats to try and keep the markets damp. I think if you look at who stands to lose out, in the short term it's gold (old money) and in the long term it's the central banks and their grip on the money supply. I don't think they'll go down without a fight (and there really is room in the global economy for digital currencies, which will eventually replace bank notes and coins), but there will be no stopping the floodgates of new technology. There never has been and there's no reason this will be any difference. 

If I can use a ropey metaphor, it's a bit like telling Edison *sorry mate* we don't like the idea of lightbulbs, criminals might use them to illuminate their criminal plans so we're going to keep using candles... guess what people still use candles, for mood and ambience but not for everyday lighting
πŸ‘  , ,
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@aftabkhan10 ·
$0.09
Lol, yeah governments across some countries are trying harder to stop the way of cryptos, but coz of it's technology some big companies are thinking of adopting crypto technology, which is really a good sign for cypto users.
πŸ‘  , ,
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@outerground ·
$0.04
I think it will all settle down this year. bitcoin may become a separate asset class and value store while many *tokens* will become the new stocks and shares !   it's a dip.. it will bounce back in Feb
πŸ‘  
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@resteembot ·
$0.22
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vote details (1)
@weaselhouse ·
The NASDAQ news is definitely exciting - If it plays out well, it will bring a lot of legitimacy to cryptocurrencies, as well as solidifying crypto as a permanent means of monetary exchange.

The Quebec news is also intriguing.  Crypto mining operations are clearly going to become a problem in the future.  It could lead to a lot of interest in renewable energy if all goes well, as countries try to keep up with demand while also keeping their climate change targets in check.  

Of course that's best case scenario.  Worst case is countries invest heavily into cheap polluting power sources to make the a massive ROI, and we turn the world into a scorched desert solely in the interest of mining crypto.  Hmm.
πŸ‘  
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vote details (1)
@aftabkhan10 ·
Hmm yep
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