Welcome to my Cryptocurrencies Market Overview for Friday, February 16, 2018.
Today in the news:
- Bitcoin recovering to above the psychologically key level of $10,000 could bring in new buyers.
- Spain is preparing legislation including possible tax breaks to attract companies using blockchain technology.
- Japan’s Finance Watchdog will inspect 15 cryptocurrency exchanges that are currently awaiting registration in the aftermath of the Coincheck hack.
- Bitcoin Cash is back above $1,500.
- And more crypto news below...
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Latest Crypto News - February 16, 2018
Bitcoin recovering to $10,000 could bring in new buyers
Bitcoin climbed back above $10,000 Thursday for the first time in two weeks and some analysts see the psychologically key level as a trigger for new buyers to come into the market.
Read more: www.cnbc.com
Spanish Government Eyes Tax Benefits for Crypto Companies
Spain's ruling political party is reportedly drafting legislation that it hopes will help woo cryptocurrency and blockchain companies to the country.
Read more: www.coindesk.com
Other sources:
- Spanish Party Weighs Tax Incentives to Lure Blockchain Firms (Bloomberg)
- Spain’s Government Prepares to Lure Blockchain Firms, ICO Issuers (CCN)
Bitcoin Cash Hits $1.5K Amid Short-Term Bull Reversal
Bitcoin cash has rallied more than 96 percent from recent lows, but still remains trapped in a bearish pattern, the technical charts indicate.
Read more: www.coindesk.com
Other sources:
- Bitcoin Cash Price Leads the Market as BTC Retreats Below $10,000
- Bitcoin Cash Price Rises Above $1,500 for the First Time This Week
US government is nowhere close to regulating bitcoin, White House cybersecurity coordinator says
There's a long way to go before the U.S. government starts regulating bitcoin, Rob Joyce, special assistant to the president and White House cybersecurity coordinator, told CNBC on Friday.
Read more: www.cnbc.com
Japan's Finance Watchdog to Inspect 15 Unlicensed Crypto Exchanges
The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack.
Read more: www.coindesk.com
Tether Creates Over 146 Mln New EUR, USD Tokens Based On Ethereum Blockchain
Tether has launched a fresh round of token creation, this month adding 86 mln euro-pegged EURT and 60.1mln dollar-pegged USDT to its issuance as Finance Magnates reports Feb. 15. Both tokens are issued on Ethereum, with two wallets currently showing the ongoing activity as Tether continues to face mixed press following volatility.
Read more: cointelegraph.com
Bitcoin Q&A: Misconceptions about Lightning Network
What are some misconceptions about the Lightning Network? How does the onion-routing work? How does channel funding work? Are there any security or legal risks to running a Lightning node? How far is the development so far in making this technology user-friendly?
Bitcoin Foundation’s Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail
The executive director of the Bitcoin Foundation Llew Claasen predicted that the price of Bitcoin will hit $40,000 by the end of 2018, while 90% of all other cryptocurrency projects will fail, Business Insider reported Feb. 15.
Read more: cointelegraph.com
No, 'Litecoin Cash' Isn't Bitcoin Cash All Over Again
Litecoin cash, that's like bitcoin cash, right? As always in crypto, branding might be deceiving when it comes to a new upstart project.
Read more: www.coindesk.com
Other sources:
Vitalik Hopes New Ethereum Fund Will Deliver on Hype
Notable ethereum stakeholders are joining forces to create a fund for projects building on the world's second-largest blockchain. Called the Ethereum Community Fund (ECF), the effort is the result of a collaboration between Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint, with those involved agreeing to work to connect ethereum projects with companies that could benefit from the blockchain services they offer.
Read more: www.coindesk.com
Other sources:
Tim Draper: Why Would I Sell #Bitcoin, The Future Of Currency?
Venture capitalist and Tezos investor Tim Draper has said that a “very large portion” of the $86 trillion global currency market “will be crypto” in future.
Read more: bitcoinist.com
From Gibraltar to Australia: How Countries Approach ICOs
With Blockchain came Bitcoin, which spawned Ethereum, this led to a few other major coins either forking off or being born a new in the crypto space. As this ecosystem has grown, however, there has been a boom in more cryptocurrencies being created; the ICO boom.
Read more: cointelegraph.com
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