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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