Welcome to my Cryptocurrencies Market Overview for Thursday, February 15, 2018.
Today in the news:
- Bitcoin is nearing $10,000 for the first time in 2 weeks.
- Coinbase has launched a Bitpay competitor: Coinbase Commerce
- A tax filing service in the US says only 0.04% of its customers reported crypto to the IRS for 2017.
- Western Union is testing transactions with the use of Ripple’s Blockchain-based settlement system.
- And more crypto news below...
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Latest Crypto News - February 15, 2018
Bitcoin Looks Above $10K, But Resistance May Await
Having hit two-week highs, bitcoin is now aiming for the $10,000 mark and beyond, but further gains may be transient, the charts indicate.
Read more: www.coindesk.com
More sources about Bitcoin's price:
- Bitcoin is nearing $10,000 for the first time in 2 weeks
- Bitcoin price nears $10000: Litecoin, Ripple, Ethereum in cryptocurrency comeback
- Bitcoin takes aim at $10000, as Litecoin extends rally
Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC
While its trading clients might have preferred Coinbase to focus on improving its core service, the exchange is busy now expanding into another market. Coinbase Commerce has launched to help online stores handle payments in four leading cryptocurrencies.
Read more: news.bitcoin.com
Other sources:
US: Tax Filing Service Says Only 0.04% Of Customers Reported Crypto To IRS For 2017
Fewer than 100 out of 250,000 citizens, or 0.04 percent, who have filed federal tax returns this year to date via personal finance service Credit Karma reported cryptocurrency transactions to the US Internal Revenue Service (IRS), Reuters reported Tuesday Feb. 13.
Read more: cointelegraph.com
Other sources:
Ethereum Developer Resigns as Code Editor Citing Legal Concerns
Ethereum developer Yoichi Hirai has resigned as one of the platform's code editors, citing concerns that a contentious proposal may be in violation of penal law.
Read more: www.coindesk.com
Western Union Confirms Testing Ripple Technology For Money Transfers
The financial services provider Western Union (WU) is testing transactions with the use of Ripple’s (XRP) Blockchain-based settlement system, the company’s Chief Financial Officer Raj Agrawal said in an interview with Bloomberg Feb. 14.
Read more: cointelegraph.com
Other sources:
World's first digital currency 'cold storage' vault launches in Dubai
Regal RA DMCC, a gold investment and trading firm in Dubai, is the first company in the Middle East to receive a license to trade cryptocurrencies, the Dubai Multi Commodities Centre said. The company said it launched the world's first “deep cold storage” solution, which allows investors and traders to store their digital currencies - bitcoin, ethereum and other altcoins - in a vault located in Dubai's Almas Tower, the headquarters of free zone DMCC.
Read more: www.thenational.ae
Ron Paul: Bitcoin vs. The Fed
At the Satoshi Roundtable in Cancun Naomi Brockwell got to sit down with the amazing Ron Paul and discuss why cryptocurrency is important. Dr Paul is a hero of the liberty movement especially because of the work he's done to spread awareness about the problems of government-controlled money and the federal reserve, so he is a huge inspiration for many of those involved with cryptocurrency.
All 50 apartments listed in Bitcoin, sold out in Dubai
Lingerie tycoon Michelle Mone and her partner Doug Barrowman sold 50 of their 1,300 apartments in Dubai for Bitcoin. The prices of these luxurious Bitcoin apartments ranged from about 15 BTC to 45 BTC.
Read more: cryptocoin123.com
Bitcoin Isn't the Only Crypto Adding Lightning Tech Now
A spate of major cryptocurrencies are looking to lightning network-like systems as part of an effort to scale their platforms for more transactions.
Read more: www.coindesk.com
It costs $26,000 to mine one bitcoin in South Korea — and just $530 in Venezuela
Mining just one bitcoin in one of the world's biggest digital currency markets costs $26,170, according to data released by lighting and furniture firm Elite Fixtures.
Read more: www.cnbc.com
Philippines Banks to Use Visa's Blockchain Payments Platform
Five banks in the Philippines are reportedly grouping up to use Visa's blockchain-based payment platform.
Read more: www.coindesk.com
94-Year-Old Berkshire Hathaway VP: It’s ‘Disgusting’ People Buy Bitcoin
Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as “totally asinine” Wednesday in what some consider will be one of his last public forums, Financial Times reports Thursday, Feb. 15.
Read more: cointelegraph.com
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Price has been rejected from 9960 level and made a bullish flag. I am expe ting 1 more reje tiin from 10000 level.
On third attempt bitcoin will break this psychological level and we will see FOMO kicked in the market.
Thanks for the crypto market overview. You got great posts!
Great summary! Thanks, followed!
Broke 10k !
Thank you for putting all of this information together! Always look forward to these posts!
Your Posts are golden.
Yeah. I think writing down might have its advantages as well as disadvantages too.
When writing, you might not really get to pit down everything in the head.
But then in a video or an audio, u can get to say everything that comes to the mind.
But currently, I do more of writing cuz I'm not all that pretty to appear on a video. Lol.
Thanks for sharing @ penguinpablo
hehehe, far enough..
@penguinpablo,
thanks for the update, nice to see things consolidating and starting to rise again, hopefully this is the start of the bull run. Hold on to your hats, its going to be a bumpy ride.
We hope so
Fantastic article! I've followed and up-voted your post i look forward to your future content!
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the post is great @penguinpablo.
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Regardless of this, Bitcoin still keeps the most utilized crypto cash title. Be that as it may, as per the examination, this circumstance will change in the following 6 to a year. The two monetary standards that Bitcoin should supplant Oblivious Web are Litecoin and Dash. The individuals who make unlawful deals are presently set out toward Dash, and purchasers are relied upon to set out toward Dash. Litecoin is said to be exceptionally well known among eastern Europeans, and that Bitcoin could have its spot
always bitcoin leading to the top as usual, looking forward for western union updated features
Great view of the recent news for the crypto world, definitely following you from now on!
Despite all this, Bitcoin still keeps the most used crypto money title. However, according to the research, this situation will change in the next 6 to 12 months. The two currencies that Bitcoin is supposed to replace in the Dark Web are Litecoin and Dash. Those who make illegal sales are now headed for Dash, and buyers are expected to head for Dash. Litecoin is said to be very popular among eastern Europeans, and that Bitcoin could take its place.
Thank you for sharing thiss post
10k here we come and by yearns end $25,000 - $50,000 heck yassss
thank you sir for share this post
7.85% @pushup from @penguinpablo
The markets are back!
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Waa this is what HODL means! Looking forward for more positive market updates!
You post ia very good
your findings are very good and your work is very appreciable.
the storm of crypto is about to end I hope all can be stable again with my current state as a trader is suffering, thank u for post and i will wait for more info.
Advanced Economies May Not Need Crypto, Two Economists Say:
https://www.tokens24.com/news/bitcoin-news-advanced-economies-may-not-need-crypto-two-economists-say/
Thanks for this news.
Wow, we just broke the 10K resistance again 🔥
Useful postings
I love it
Upvote and resteem
Price should break above $10k, but watch that $11,700 area, that's where the real resistance is.
A great collection of information!
I do expect the Bitcoin to reach the 15000$ cap again, and hope Ethereum and others, will rise as well. :)
Let first say that I am very inspired by you effort here, well done, this is the great content that I was hoping to find on Steemit.
Thank you for the information my friend will share your posting because it is very interesting to be seen by everyone.
Price is always changing within 1 second, we must try hard to get it. thanks @penguinpablo.
thanks for sharing this important news.
When you are 90+ like Charlie Munger you can express strong opinions and get a pass.
Doesn't make your opinion right.
Charlie and Warren both suffer from "leftist disease". They think big government can do no wrong and is to be trusted to an infinite degree.
That may have been true 50 years ago when a patriot was a patriot was a patriot.
After 8 years of Saul Alinsky evil disciple Barrack in charge, the system has become so full of corruption that trusting big government is just plain stupid.