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February was a rollercoaster ride for Bitcoin (BTC) and the entire cryptocurrency market. Prices went from low to high to stable. At one point, the spike in trading volume affected the largest cryptocurrency exchange per volume, Binance. Amid the volatility, BTC was able to rise by 11% throughout the month. However, there are indications that the flagship cryptocurrency is going to hit lower lows this month of March as it is currently in the overbought territory. Bitcoin (BTC) May Hit Lower Lows In March The senior market analyst at Tel Aviv-based cryptocurrency exchange, Mati Greenspan, while talking to Bloomberg, said that the price of BTC spiked by 11% in February but a downtrend is now forming. However, he did note that the price spike experienced in February was a good sign. The total trading volume for BTC is above a 12-month high. BTC was able to break a six-month losing streak by closing in green in February. The exchange trading volumes aren’t the only high ones, the transact..
The platform will aim to enhance performance and target institutional clients, says Justin Sun. Blockchain development platform and BitTorrent owner Tron will debut a host of upgrades via a hard fork at the end of the month, CEO Justin Sun confirmed on social media on Feb. 23. Tron, which presents itself as a competitor to Ethereum (ETH) for launching cryptocurrency tokens and other offerings, is preparing to increase its appeal to institutional users. According to Sun, the hard fork will deliver institution-handling capabilities, as well as other features such as multi-signature abilities and account management options. Tron’s TRX token appeared to react to the news when it surfaced last week, before a downturn in the price of Bitcoin (BTC) saw the altcoin also fall 9 percent in Monday trading. Under Sun, the company has pursued an aggressive expansion program, which saw it acquire BitTorrent, the operator of popular torrent client uTorrent, last year. At the same time, publicity mea..
Fundstrat Global Advisors thinks that crypto prices can see higher price points, and JPMorgan plans to launch its own coin. Top Stories This WeekFundstrat Global Advisors Expects 2019 to Bring More Institutional Investors to CryptoAccording to a report on the 2019 crypto outlook released by New York-based research company Fundstrat Global Advisors, incremental improvements in the crypto space can provide support for higher prices for cryptocurrencies. The report notes that as the United States dollar is expected to weaken, and more institutional investors enter the space, a visible market recovery can be expected. Fundstrat states that the current year’s crypto hangover can be attributed to the waning interest in the initial coin offering (ICO) sector as well as adverse regulatory achievements. JPMorgan Chase Launches JPM Coin to Increase Settlement Efficiency in Three OperationsUnited States banking giant JPMorgan Chase announced this week that it was planning to launch its own digit..
The mystery around embattled crypto exchange QuadrigaCX deepens, and Facebook acquires a blockchain startup. Top Stories This WeekFacebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition Social media network Facebook has reportedly acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition. According to news outlet Cheddar, the acquisition is considered an “acquihire,” or an acquisition of a company made in order to get the skills or expertise of its staff, as opposed to the company’s service or products. According to Cheddar, four of the five researchers that worked on Chainspace’s academic white paper will be joining Facebook. Facebook had told Cheddar that it had not acquired any of Chainspace’s technology. Leaked Mt. Gox Info Purports to Show $318 Million in Bitcoin, Bitcoin Cash on BitPoint According to leaked documents reportedly showing the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox, the ..
Ethereum core devs have reportedly postponed the activation of Constantinople hard fork until late February. Core developers of Ethereum (ETH) have postponed the activation of the Constantinople hard fork until late February. The upgrade is now set to be implemented at ETH block 7,280,000, as announced by a team lead at Ethereum, Peter Szilagyi, in a tweet Jan. 18. In his announcement, Szilagyi explains that the activation will take place at block number 7,280.000, which is expected to be mined on Feb. 27, 2019. The upgrade will reportedly be implemented as “a single fork on mainnet and a post-Constantinople-fixup fork on the testnets to get them back in line feature wise with the main network.” The new deadline comes in the wake of an unexpected delay over a recently discovered security vulnerability allowing a reentrancy attack, which has been detected in Constantinople’s code by smart contract audit firm ChainSecurity. The vulnerability purportedly allows a potential attacker to st..
Blockchain-based journalism platform Civil will launch, despite the fact that their token sale flopped earlier this year. Blockchain media startup Civil will launch in February, despite the fact their CVL token sale failed earlier this year, according to the company’s blog post published Dec. 19. Civil is a blockchain-based platform for journalism that focuses on building a new media ecosystem with its native CVL token, which will purportedly help participants attain financial sustainability and improve trust in journalism. In today’s post, the company announced it will launch in early February, despite the fact the CVL token sale targeting an $8 million minimum did not succeed earlier this year. According to TechCrunch, Civil raised only $1,435,491 in CVL tokens from 1,012 investors, while an additional 1,738 buyers registered for the sale, but never completed the transaction. Civil is planning to start selling CVL tokens again, but this time without time limits or hard and soft caps..
Radeon RX580, a GPU widely used both by miners and gamers, is now being sold for $180, a price drop of over 67 percent since February. AMD’s popular Radeon RX580 graphics processing unit (GPU), which has been widely used by crypto miners, is now being sold for $179.99, gaming magazine PC Gamer reported on Thursday, Dec. 19. This means that the GPU, which reached a peak average price around $550 in February 2018, has seen a 67 percent price drop throughout the bearish year, dubbed “Crypto Winter” by some crypto entrepreneurs. As Cointelegraph previously reported, the year-long bear market has had a significant effect on the crypto mining industry, with dramatic drops in revenue forcing many miners to quit the industry and sell off their equipment. Some miners have even started selling mining devices by the kilogram in an effort to recoup losses as their rigs reach “shutdown prices.” Consequently, the “Crypto Winter” has also affected GPU producers like Nvidia and AMD. Reduced interest ..
The SEC has delayed its decision on rule change proposals to list a VanEck, SolidX Bitcoin ETF until Feb. 27, 2019. The United States Securities and Exchange Commission (SEC) has again postponed its decision on the first ever Bitcoin (BTC) Exchange-Traded Fund (ETF), according to an official document published Thursday, Dec. 6. The SEC set the new deadline for Feb. 27, 2019 in order to further review the rule change proposals to list a Bitcoin ETF by investment firm VanEck and blockchain company SolidX on the Chicago Board Options Exchange (CBOE): “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.” Under the Securities and Exchange Act, the commission must “issue an order approving or disapproving the proposed rule change not later than 180 days” after the date of publication of notice. If the commission deems it necessa..