Eight coins from the top 10 coins by 24-hour volume showed positive changes, ranging from 0.12% to 5.58%. Sources: Facebook is secretly working on Blockchain, crypto projects. WallCoin: US Lawmaker recommends using cryptocurrency to fund Trump's Mexico border wall.

On Saturday (15 December 2018), Jameson Lopp, the Chief Technology Officer (CTO) at Casa, explained who controls Bitcoin Core, or more specifically "who controls the ability to merge code changes into Bitcoin Core’s GitHub repository."

Hong Kong’s financial regulator, the Hong Kong Securities and Exchange Commission (SFC), is reportedly planning to introduce tighter regulations for business activities involving cryptoassets.
Although Hong Kong’s authorities have so far taken a fairly lenient approach towards regulating digital assets, the SFC is now looking to more carefully monitor blockchain and crypto-related projects. Specifically, the regulator wants to introduce stricter guidelines for startups planning to launch initial coin offerings (ICOs).

On Sunday (December 16th), there had been reports and a video shared on social media which appeared to show Chinese resident, Wong Ching Kit, throwing money off the roof of a building located in Sham Shui Po, an area of Kowtoon, Hong Kong. An update on the incident has now revealed that Kit was arrested after local authorities saw him throwing money. Asian news outlets have confirmed that Kit was taken into police custody on shortly after handing out meal coupons to local community members. The video footage released on Sunday of the 24-year-old had shown him driving around a luxurious Lamborghini sports car while holding a large stack of $500 HKD bills.

Last week was somewhat of a mixed picture for the crypto industry as the 2018 bear market  claimed some more casualties, but also saw some positive developments for the space. $133m stablecoin project Basis announced its closure along with a refund to all investors, while mining giant Bitmain said that it is shutting down its Israeli R & D wing. In more positive news, mobile finance app Revolut - which features crypto services - won an EU banking license, while Swiss exchange Stuttgart Börse revealed plans to launch a crypto trading platform.

A new Bloomberg report suggest that Tether Ltd may really have $1 for every USDT in circulation. Published a few hours ago, the report indicates that Bloomberg has documents in their possession that “offer more detail than has ever been made public”. The documents were not shared and do not provide a complete overview of Tether’s finances. However, bank statements from four separate months reveal the amount of dollars held in Tether Ltd.’s accounts.