Crypto News 

Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On

“And as one might expect, such declines were complemented by upticks in Bitcoin trading” writes Simon Chandler for cointelegraph.com. This is why the recent increases in Bitcoin trading against the Turkish lira haven’t been on the scale of trading against the Venezuelan bolívar.In Venezuela, with inflation currently exceeding 100,000 percent, and with millions of people struggling to feed themselves, these three conditions have certainly met.Venezuela may be the starkest example of how financial crises can encourage cryptocurrency adoption, but it isn’t the only one. Source: cointelegraph.com

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Crypto Markets News 

Analysts Expect Another Breakout as Bitcoin Nears $4,000

“The price of bitcoin (BTC) has now come close to the $4,000 mark as altcoins, in particular Ethereum (ETH) and EOS, breached their individual weekly peaks by double-digits” reports livebitcoinnews.com. Bitcoin’s current positive outlook have led many crypto advocates to believe that another breakout is in the offing.Although bitcoin’s impressive climb early this morning looks similar to advances projected by the bears during the previous weeks’ sessions, what’s taking shape this time is something distinct.Digital currency assets in key markets across the globe have shown a very remarkable performance in…

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Crypto Markets News 

Bitcoin Forms Green Candle on Monthly Chart After 6 Months

“As of the time of this writing, Bitcoin is on an up trend, trading at $3,828.50, marking a 2.29% change in 24 hours” reports livebitcoinnews.com. Among the top ten digital assets, Ethereum (ETH) has posted the biggest gain, seeing a 10.41% 24-hour change, trading at 139.14 to the US dollar.The upward movement has seen its market capitalization grow from USD $64 Trillion to $USD 65.9 Trillion, owning 52.14% of the total cryptocurrency market cap.Ethereum is followed by Bitcoin Cash (BCH) with 6.68% growth, and EOS (EOS) recording a 4.34% increase.Bitcoin’s…

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Crypto Markets News 

Bitcoin is Going to be Digital Gold! Mike Novogratz Says

“He recounts how painful it was for investors who saw the cryptocurrency bubble burst last year” reports livebitcoinnews.com. Venture funds, hybrid funds, and other institutional investors are coming in.However, he sees a bright future ahead for Bitcoin as he observes the architecture required by institutional investors are being slowly put into place with the “retail frenzy” having “washed out”.Like, you know, the market was down 90%, down 60%, and then another 65,” he stated in retrospect. Just like any other financial bubble that’s burst, prices do not skyrocket to the…

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Crypto Futures News 

Proposal for ETF Following Bitcoin Futures, Sovereign Debt Withdrawn by SEC Request

“The United States (U.S.) Securities and Exchange Commission (SEC) has requested the withdrawal of a proposed exchange-traded-fund (ETF) submitted by Reality Shares ETF Trust, according to a letter published by the SEC on Feb. 12” writes Ana Alexandre for cointelegraph.com. No securities have been sold in connection with the offering of the Fund.” Reality Shares ETF Trust — which is a unit of crypto-focused fintech firm Blockforce Capital — initially filed a proposal for an ETF, that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin…

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Crypto News 

Nasdaq to Offer Brave New Coin BTC and ETH Indexes

“Both of these indexes are designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH, respectively” writes Celeste Skinner for financemagnates.com. This interest has ranged from investments into crypto firms, supplying crypto exchanges with technology and plans to launch BTC futures.The new indexes are the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX).According to an alert from the exchange operator, Nasdaq will soon be sending real-time Bitcoin (BTC) and Ethereum (ETH) index level information, created by Brave New Coin, a…

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Crypto Markets News 

XBT Provider Admits Knowledge Gaps as It Postpones Launch Of Cryptocurrency Basket

“Swedish Bitcoin (BTC) exchange-traded note (ETN) operator XBT Provider has shelved plans to offer altcoin products due to market volatility, Bloomberg reported on Feb. 13” writes William Suberg for cointelegraph.com. Bloomberg notes that XBT intends to wait for the market to settle before revisiting its plans.Speaking to the publication, XBT’s CEO Laurent Kssis revealed the company did not have an understanding of Bitcoin hard forks and related phenomena when Swedish regulators greenlighted its plans in May 2018.However, the vast majority of forks occurred around the time of BTC’s all-time USD…

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Crypto News 

Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

“Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12” writes Ana Alexandre for cointelegraph.com. The exchange has been unable to access its cold wallets since, as Cotten was solely responsible for the wallets and corresponding keys.The exchange previously appointed ‘Big Four’ audit company Ernst & Young as an independent third party to monitor the proceedings in a creditor protection case. Source: cointelegraph.com

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Crypto Markets News 

Chinese Bitcoin Billionaire Zhao Dong Believes Crypto Spring Will Come in 2020

“Chinese alleged Bitcoin (BTC) billionaire Zhao Dong believes that the crypto spring will only come in 2020” writes Ana Berman for cointelegraph.com. As for the long-term perspective, Zhao Dong said in the chat that the crypto spring is only coming in 2020, while the crypto summer will not arrive until 2021.His opinion, shared in a public chat in local messenger WeChat, was cited by Chinese crypto outlet 8BTC on Tuesday, Feb. 12. New York-based research company Fundstrat Global Advisors has recently released a 2019 crypto outlook, wherein the company describes…

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Crypto Futures Markets News 

BTC Futures Trading Volume is Declining, Report Shows

“But the bullish run could not continue as in the next consecutive months BTC futures market saw a massive downturn” writes Arnab Shome for financemagnates.com. Fueled by the exit of the retail traders, the Bitcoin spot trading market took a downturn since January 2018, however, Bitcoin futures trading activity rose between December 2017 and August 2018.“Crypto winter” has the hit the crypto futures market as the trade volume across the futures contracts market plummeted drastically in the second half of 2018.Tradeblock’s analysis shows that the futures market reached its peak…

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