Christmas correction?

❄️ ❄️ December 22, 2017 ❄️ ❄️ "Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception."  ― George Soros CoinDesk Daily will return on January 2. Happy holidays from the CoinDesk team! Got this from a friend? SUBSCRIBE HERE THE FEATURE Crypto Market Sheds Billions as Top 100 Assets Down It's a down day for the global cryptocurrency markets, with just three of the top 100 assets by market capitalization having posted 24-hour gains, data from Coinmarketcap reveals. At press time, the price of bitcoin, the market's largest asset, was trading below $14,000 according to the CoinDesk Bitcoin Price Index (BPI), up slightly from a daily low of $12,504. Notably, this figure was more than 30 percent below an all-time high of near $20,000 reached on Sunday. But whereas earlier this week bitcoin's decline coincided with an increase in the total value of the market as a whole, the value of all cryptocurrencies saw a reversal on Thursday, dropping roughly 25 percent from a high above $650 billion to a low of $480 billion today. All told, only a few assets seem safe from what appears to be an exodus from the cryptocurrency markets, with Ripple's XRP, and relatively little-known ICO tokens for GameCredits and Electroneum, posting 24-hour gains. Read the whole story Tweet Share Wait, there's more: Sberbank Chairman: Blockchain Adoption Could Take 10 Years The head of Sberbank believes that the wider-scale implementation of blockchain in Russia could take as long as a decade. Futures Firm Cboe Filed for 6 Bitcoin ETFs This Week Cboe has filed with the SEC to list multiple bitcoin futures ETFs in the past week, public records show. Crypto Market Sheds Billions as Top 100 Assets Down It's a down day for the cryptocurrency markets, with gains in sight, data reveals. Wikileaks to Accept Additional Cryptocurrencies for Donations Julian Assange stated in a Tweet that Wikileaks is seeking to add new cryptocurrencies in the future after FPF announced the closure of its support. Buying Bitcoin? Hedge Funds Will Use Blockchain, Too The future of tokenized monies calls for a tokenized investment fund. The road there is being paved, but it's not so cut and dry. SEC Munchee Order a Recipe for Securities Violations The SEC's recent Munchee order offers a significant insight into its views of how to analyze ICOs under securities laws, says Katherine Cooper. Jamming on Cryptoeconomics: What Comes After the Summer of Love? Crypto's creative explosion may have hit a critical mass this year, but the results ahead could be just as impactful, argues Polychain's Ryan Zurer. Bitcoin Price Drops Below $15k, Down 25% from All-Time High The price of bitcoin is down more than 25 percent from its recent all-time highs, spurred by futures listings from major derivatives exchanges. Prosecutors File Charges in Alleged $250 Million Crypto Mining Fraud Authorities in South Korea have reportedly filed suit against a U.S. cryptocurrency mining firm, alleging a multi-million dollar fraud. Official: Russia to Introduce Cryptocurrency Regulation Bill Next Week New cryptocurrency laws are expected to be introduced to the Russia's national legislature on Dec. 28. FINRA: Beware Public Stocks That Tout Cryptocurrency Connection FINRA, a self-regulatory authority for the financial industry in the U.S., has issued a new warning about cryptocurrency-related stock fraud. All of the Top 20 Cryptocurrencies Hit Record Highs This Week Each of the top 20 cryptocurrencies by market capitalization hit an all-time price high in the past four days, according to market data. 2017: Saluting the Non-Stop Price Drama That Was Outspoken exchange exec Arthur Hayes gives a colorful overview of crypto in 2017 as the Shakespearean comedy he believes it was. Texas Slaps Bitcoin Investment Firm With Cease-and-Desist Texas has obtained a cease-and-desist order against an investment firm it says is unlawfully pitching bitcoin mining investment plans in the state. Go to CoinDesk BTC: $11,824.07 -24.01%  ETH: $604.94 -25.94% @9:11 EST - More price details 👋 CoinDesk is Hiring 👋 Come join our great team here in New York City! Social Media & Audience Development Manager Product Manager Research Analyst Copyright © 2017 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list