Authoritarian Airdrop: Maduro 'Gifts' Petros to Venezuelans for Christmas
Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.

If 2019 saw bitcoin come together around the digital gold/digital SoV narrative, is 2020 poised for a resurgence of the idea of payments utility, thanks to Lightning powered applications? One beta test of a LN point-of-sale app suggests maybe.
Derivatives continue to grow as an area of focus for both retail and institutional traders, with CoinFLEX bringing in some new talent to expand its derivative competitions and institution-focused ErisX sending notice that futures trading would begin tomorrow.
Finally, Venezuela’s President Maduro has announced that public employees and pensioners will be given a holiday bonus of half a petro. Sincere effort or another example of how digital currencies can be a tool of control?
Topics for December 16, 2016
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying

Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.











