Welcome to my Cryptocurrencies Market Overview for Wednesday, February 28, 2018.
Today in the news:
- Steemit is featured on Bloomberg.com.
- Dutch multinational bank Rabobank announced an integrated cryptocurrency wallet.
- SegWit usage on the Bitcoin network is now at a new all-time high: About 30%.
- And more crypto news below...
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Latest Crypto News - February 28, 2018
Cryptocurrency Market Stable at $450 Billion, Bitcoin Price Remains Above $10,500
Over the past 24 hours, the cryptocurrency market has remained relatively stable in the $450 billion region, after recording a $30 billion increase in market valuation on February 27. Bitcoin has remained above the $10,500 mark, despite a major sell volume that led the cryptocurrency to decline from $11,000 to $10,300.
Read more: www.ccn.com
Websites That Pay Users With Blockchain Aim to Disrupt Facebook
David Kadavy used to post on Facebook without expecting to get paid. Then blockchain came along. “I feel like I’m in the Stone Age when I’m on Facebook or Twitter,” Kadavy said. “They have no value without what you’re contributing to them. If Facebook doesn’t respond to this, things can change very quickly. They should be very concerned.”
Read more: www.bloomberg.com
Bitcoin SegWit Transactions Now Hitting All-Time Highs
As a result of the latest Bitcoin Core 0.16 update, the usage levels of Bitcoin SegWit have been taking off. This significant uptick in usage levels can also be attributed to a number of major exchanges and wallet providers such as Coinbase and Bittrex finally implementing this technology into their platforms. This uptick means that there could be a significant decrease in global bitcoin transaction fees and times.
Read more: www.ccn.com
Circle X Exchange Will Be More Than Coinbase Challenger
In the not-so-distant future, VC-backed startup Circle has plans to create a type of crypto cantina. The news comes following Circle's buyout of cryptocurrency exchange Poloniex, announced Feb. 26. Notably, the acquisition is one of, if not the largest, acquisitions in the industry to date.
Read more: www.coindesk.com
J.P Morgan Sees Crypto As ‘Competition’ And ‘Risk’ To Its Business In SEC Annual Report
J.P. Morgan Chase has added a segment on cryptocurrencies to the “Risk Factor” section of their 2017 annual report to the US Securities and Exchange Commission (SEC), filed yesterday, Feb. 27. The annual report mentions cryptocurrencies under the “Competition” subsection when describing how new competitors have emerged that threaten J.P. Morgan’s operations.
Read more: cointelegraph.com
Other sources:
Twitter Scammers Use Verified Accounts to Trick Crypto Holders
Scammers trawling for would-be victims on Twitter are turning to a new - and troubling - tactic: obtaining accounts that have been verified by the social media company itself.
Read more: www.coindesk.com
Report: Coinbase made 43 percent of its 2017 revenue in December alone
The digital currency exchange and wallet service Coinbase, founded in 2012 and backed by Silicon Valley investors, recently told shareholders that it booked $1 billion in revenue in 2017. A new independent analysis says about 43 percent of that came in December when the price of bitcoin was surging, and the company’s revenue has plummeted since then.
Read more: www.theverge.com
Dutch bank Rabobank announces crypto wallet. From Tulip Mania to Crypto Mania?
Aaaaand another bank bites the dust. This time it’s Dutch multinational bank Rabobank that jumps on the cryptocurrency bandwagon. The Utrecht headquartered Rabobank announced an integrated cryptocurrency wallet called Rabobit.
Read more: www.cryptonewsbulls.com
Other sources:
US City Plans to Sell Tokenized Bonds in 'Initial Community Offering'
Confronted with substantial federal funding reductions, Berkeley, California, is turning to crypto tokens as away to fund services like affordable housing.
Read more: www.coindesk.com
Swiss Stock Exchange Chairman Advocates National Cryptocurrency
The chairman of Switzerland’s stock exchange, Romeo Lacher, has spoken in favor of developing a Swiss national cryptocurrency. Mr. Lacher suggested that the proposed “e-franc” would provide a boost to the Swiss economy, in addition to comprising a payment system offering benefits over traditional systems.
Read more: news.bitcoin.com
Banking Group SBI Delays Crypto Exchange Launch
Japanese banking giant SBI Group has again postponed the launch of its new cryptocurrency exchange, citing a need to boost security measures.
Read more: www.coindesk.com
Bill Gates Says Crypto Has Caused Deaths in a Fairly Direct Way
One of the world’s most affluent persons, Bill Gates, appears to have bought in to the rhetoric of popular media and government law enforcement accounts. Recently, Mr. Gates and his wife submitted to a Reddit Ask-Me-Anything (AMA), and Mr. Gates’ gave some unusual views on cryptocurrency.
Read more: news.bitcoin.com
Other sources:
SteemBlockExplorer.com - SteemNow.com - CoinMarkets.today
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Love seeing Steemit finally getting the mainstream attention it needs to break through. Hopefully that could mean big moves upwards for Steem.
I'm thinking we could have a pretty nice summer, especially.
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loved seeing steemit get some exposure on bloomberg just a week or two after JRE... things are looking good!
resteemed - thanks for all the great daily summaries
Nice update about cryptocurrency market. Resteem.
Nice post
Thanks for sharing i will done up vote I always see your post. And follow you
Good post..
thanks for your information , @penguinpablo
Now I can predict bitcoin will go high.
I hope it'll go up.
informative! upvoted, followed.
Mantab post
I do find the info about Rabobank very interesting. How could this evolve?
For sure it will make cryptos more mainstream that’s a plus.
But who would be helding the private keys, what about anonomy, will tey support airdrops, will they pay dividents? And last but sure not least, will they hand over information to the IRS?
Don’t believe it will be happening soon. Maybe the bank will create new companies who could do this. But I don’t see a business model for them!
Wow Thanks as usual sir. So much going on and in both directions but upticking in momentum just the same. We will get there one medium size step at a time it seems.
Nice post
Your publications friend is very helpful! I'm always super pending and I do not doubt at any time to resort to your profile when I need to know something about these types of topics!
Coinbases revenue is a no brainer, being listed on wall street alone will push volume in huge amounts, but it will be a long time before you see anything like that again. If at all. Keep the news rolling and Thanks.
I always love reading your posts on Crypto news. Keeps me updated and educated.
For this I thank you!
its a very great and valuable story.Some information are unknown.its a amazing motivational post also. I really impress i this post.@penguinpaplo
Really very good Suggestions,thank off.