Welcome to my Cryptocurrencies Market Overview for Wednesday, February 07, 2018.
Today in the news:
- Bitcoin surges by more than $2,000 in just over a day.
- CFTC Chairman Chris Giancarlo's Twitter following increased from 5,000 to over 23,000 followers since yesterday's cryptocurrency hearing.
- Singapore's government has indicated that it sees no need to prohibit cryptocurrency trading.
- Forbes has created the first crypto rich list.
- And more crypto news below...
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Latest Crypto News - February 07, 2018
Floor Found? Strong Volumes Push Bitcoin Above $8K
Bitcoin is rallying today, having bottomed out below the $6,000 mark yesterday.
Read more: www.coindesk.com
More sources about Bitcoin's price:
- Crypto Market Rebound: BTC Back Over $8K, Top 100 Coins In The Green
- Bitcoin surges by more than $2,000 in just over a day (CNBC)
Cryptocurrency market could hit $1 trillion this year with bitcoin surging to $50,000, experts say
Technological advancements and new investor products could push bitcoin to $50,000 in 2018, Thomas Glucksmann of Gatecoin told CNBC.
Read more: www.cnbc.com
Other sources:
Singapore Deputy PM: 'No Strong Case to Ban Cryptocurrency Trading'
Singapore's government has indicated that it sees no need to prohibit cryptocurrency trading.
Read more: www.coindesk.com
ECB President: EU Banks Show 'Limited Appetite' for Cryptocurrencies
The European Central Bank (ECB) said that financial institutions in the European Union do not appear to be as enthusiastic about cryptocurrencies as the public. In a European Parliament meeting on Feb. 5, the ECB's president, Mario Draghi, commented that the central bank is not seeing a "notable holding of cryptocurrencies" among banks in the region.
Read more: www.coindesk.com
Other sources:
Ripple Blockchain Network Adds China Payments Provider
Chinese payment provider LianLian is joining RippleNet, the payment network that uses Ripple's blockchain technology to facilitate cross-border transactions.
Read more: www.coindesk.com
Other sources:
Forbes Compiles First Crypto Rich List
Forbes has created the first crypto rich list, which currently features the 20 wealthiest individuals whose fortune comes from crypto assets.
Read more: cryptovest.com
Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners
The US Senate took up the issue of regulating cryptocurrencies, and heads of both the SEC and CFTC testified in a landmark hearing.
Read more: news.bitcoin.com
Chris Giancarlo, CTFC Chairman, Becomes Crypto Hero
The US Commodity Futures Trading Commission, a body attempting to regulate and oversee the crypto space, has produced an accidental crypto hero. The CTFC chairman, Chris Giancarlo, saw thousands of followers flock to his Twitter account, after a rather positive preview injected new optimism on the crypto markets.
Read more: cryptovest.com
China Issues Stern Warning About ‘Cross-Border’ ICOs and Digital Asset Trading
It’s official — Chinese regulators want to limit residents’ exposure to offshore cryptocurrency trading and ICO fundraising platforms. The Beijing Internet Finance Industry Association (BIFIA) issued a statement today (China time) that reiterated previous warnings, but put special emphasis on “illegal cross border” activities. It asked businesses and consumers to report such activities to the authorities.
Read more: bitsonline.com
8% of Anon Cryptocurrency Accounts Switch to Real-Names in South Korea, So Far
A week after the South Korean government banned the anonymous trading of cryptocurrencies, under 10% of virtual bank accounts have reportedly converted to real-name accounts.
Read more: www.ccn.com
South Korean Crypto Exchange Halts Trading, Unable To Comply With New Regulations
South Korean cryptocurrency exchange Coinpia has suspended fiat deposits as well as trading operations after the company was not able to meet the country’s new KYC requirements in time, as stated in an announcement on their site Tuesday, Feb. 6.
Read more: cointelegraph.com
