A roundup of all the big news and interesting pieces from the crypto world this month.
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Returning from last month's price drop, December has made for easier viewing for crypto fanatics. The BTC price seemed to show a steady decline until around December 16th, where it hit a low for the month at around $3200. However, we received a festive miracle when the market started to recover, hitting a monthly high of $4200 on Christmas Eve. Is BTC bouncing back?
The Litecoin Foundation has partnered with the Ultimate Fighting Championship (UFC) in a deal to promote the cryptocurrency. The partnership meant the Litecoin logo was plastered across the infamous octagon canvas for UFC 232. The much anticipated event showcased a rematch between former light heavyweight champion Jon "Bones" Jones and Alexander Gustafsson. Commenting on the deal, the Litecoin Foundation stated, "With brands and institutions continuing to push into cryptocurrency and Blockchain, this is yet another signal of this technology moving closer towards the mainstream". The Litecoin Foundation hope to work with UFC in the long term.
The Italian government has published a list of 30 experts brought together to develop the nation's Blockchain strategy. The group include Assobit Co-founder; Gian Luca Comandini, Italtel Head of Marketing; Angiolini Giorgio, and Blockchain & Society Policy Research Lab Board of Directors member; Marcella Atzori. The 30 experts will be working to identify potential use cases for Blockchain in the public and private services, and developing necessary technical and regulatory tools to promote adoption of the technology.
Teton County of Wyoming have partnered with Medici Land Governance, a startup majority-owned by Overstock's Blockchain investment arm; Medici Ventures, to place land records on the Open Index Protocol. The new system will keep track of land transactions, such as mortgages, releases of liens, and similar records. In reply to whether the new systems will affect the existing working methods, Overstock said, "The title information that is obscured for viewing on the current system will also be obscured from the Blockchain-based system, but all public records will be available at the County Clerk's office".
Eddie Hughes, "Bitcoin enthusiast" and Conservative MP, wants UK residents to be able to pay local taxes and utility bills using Bitcoin. Hughes, upon hearing that the Royal National Lifeboat Institution (RNLI) has started to accept cryptocurrency donations, then stated, "If we can do that, what's to stop us being able to pay council tax and other bills with Bitcoin?". Hughes believes this inclusion would be a huge step towards mainstream adoption of the cryptocurrency.