Welcome to my Cryptocurrencies Market Overview for Tuesday, February 27, 2018.
Today in the news:
- Rapper 50 Cent, who bragged about owning Bitcoin is now filing for bankruptcy and declares in court documents he never owned any of the digital currency after all.
- The world’s largest investment company BlackRock said it sees wider use for cryptocurrencies in the future.
- And more crypto news below...
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Latest Crypto News - February 27, 2018
Bull Return? Bitcoin Eyes $11K Following Upside Break
As bullish indicators strengthen, bitcoin now looks set to extend gains to $11,000 or higher, chart analysis indicates.
Read more: www.coindesk.com
Other sources:
50 Cent admits he ‘has never owned, and does not now own’ any bitcoin
Reports last month that rapper 50 Cent had forgotten about $7 million or so in bitcoin he owned have been given the lie by the man himself, who declares in court documents that he “has never owned, and does not now own, a bitcoin account or any bitcoin,” nor did any of his companies.
Read more: techcrunch.com
Other sources:
- 50 Cent Changes Bitcoin Story ... I Swear I Don't Have Any, Judge!!!
- Rapper 50 Cent, Who Bragged About Owning Bitcoin, Now Denies It
- 50 Cent to Feds: You Won't Get a Bitcoin Outta Me; I Have None
LitePay Launches for Merchants, Delays Cards for Now
LitePay was supposed to be a ticket to greatness for Litecoin. But now, it turns out the launch of the service would be only partial, and the unrolling of Litecoin payment cards has been delayed. However, the possibility for a single standard for accepting Litecoin, instead of ad hoc solutions and per-piece wallets, may see the asset spent more widely in 2018, as is the intention of the community.
Read more: cryptovest.com
Other sources:
Bitcoin Private Coming Along, but ZClassic is Crashing to Nothing
The Bitcoin Private hard fork is in its final stretch before the snapshot time happening most probably on February 28. But this has spelled a disaster for the ZClassic asset that was supposed to bring an airdrop of new, scarce coins.
Read more: cryptovest.com
Bitcoin developer warns Lightning Network is flawed and vulnerable to DoS attacks
Bitcoin Core developer Peter Todd has taken to Twitter to share his first impressions from playing around with the Lightning testnet and the results are not particularly encouraging, to say the least.
Read more: thenextweb.com
Israeli Supreme Court Prohibits Banks From Restricting Crypto Activity In Landmark Decision
Israel’s Supreme Court has issued a temporary court order prohibiting Leumi Bank from restricting the banking activity of crypto broker Bits of Gold, Finance Magnates reported yesterday, Feb. 26. The Supreme Court’s decision, that has been described as “precedent-setting,” means that banks in general cannot limit accounts associated with the crypto industry.
Read more: cointelegraph.com
Other sources:
Japan's Finance Watchdog Eyeing ICO Regulation, Says Report
Japan's financial regulator is mulling the creation of a regulatory framework for companies raising funds through initial coin offerings, a report indicates.
Read more: www.coindesk.com
Self-Proclaimed ‘Satoshi’ Craig Wright Sued For $5 Billion
Chief scientist of nChain and self-proclaimed mind behind the Satoshi Nakamoto pseudonym, Craig Wright, is being sued for $5 bln. The suit is brought to the United States District Court of the Southern District of Florida by the estate of David Kleiman.
Read more: cointelegraph.com
Other sources:
- Self-proclaimed bitcoin creator sued for allegedly stealing $5 billion worth of crypto, other assets (CNBC)
Chinese Entrepreneur Warns Against Mining and ICO Bans
Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of the challenges faced by cryptocurrencies are indicative of the typical “development process” experienced by emerging monetary forms.
Read more: news.bitcoin.com
Taiwanese Central Bank Sees Future In Blockchain For Payment Systems
Yang Chin-long, the new governor of Taiwan’s central bank, indicated in a speech yesterday, Feb. 26, that the bank would be open to exploring Blockchain technologies.
Read more: cointelegraph.com
Other sources:
$5.7 Trln Investment Company BlackRock: Cryptocurrency Will Be ‘Widely Used’ In Future
The world’s largest investment company BlackRock has continued its bullish forecast for cryptocurrency, saying it sees “wider use” in the future in its weekly commentary report released Monday, Feb. 26.
Read more: cointelegraph.com
Rapper 50 Cent... Haha...
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