Another week, another round of Crypto Tidbits. The past week hasn’t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets losing around 7% apiece since our last update. As of the time of writing this article, BTC is trading for $8,350, failing to maintain the over $9,000 prices seen last week.
Despite the negative price action, the past 7 days were arguably extremely positive for the cryptocurrency and blockchain space, with there being a flurry of developments that could eventually boost this market.
Related Reading: Crypto Tidbits: Bitcoin Hits $9,000, Institutional Cryptocurrency Investment Spikes, NBA Team Uses Ethereum
Bitcoin & Crypto Tidbits
Tesla’s Elon Musk Talks Bitcoin and Crypto Again: While Elon Musk is known not to have a large stake in Bitcoin or cryptocurrency, when he talks about this industry, people listen. This week in an episode of the Third Row Tesla Podcast, the Telsa and SpaceX CEO shared his thoughts about digital assets. Starting his train of thought first with “clever” to “What did you think of Satoshi’s white paper?,” the Tesla visionary said that there are obviously Bitcoin transactions not made in “the balance of the law.” Musk did, though, say that he sees “crypto as effectively a replacement for cash,” yet made it clear that he doesn’t expect a digital asset to become “the primary database.”
Fintech Company Square Backs the Lightning Network, a Bitcoin Scaling Solution: This week, the crypto-centric division of the fintech giant Square released its first product: the Lightning Development Kit (LDK). The LDK, the post indicates, will allow wallet developers to create “custom” integrations of the Network in an “easy, safe, and configurable way” through an API, demo apps, and other technical tools. Essentially, it allows Bitcoin software developers to more easily integrate the Lightning Network, a second-layer scaling solution that effectively migrates some transactions off the main chain to allow for lightning-fast, effectively free, and cross-chain transfers.
Square Bags Key Patent for Crypto, Fiat Transactions: Speaking of Square, the company just was awarded a crypto-related patent. This patent outlines a system that will allow fiat to be rapidly converted into “non-fiat” instruments, with the document mentioning the word “Bitcoin” and “cryptocurrency” (and Ethereum, too) on a number of occasions. The network and technology defined in the patent could theoretically enable seamless crypto-to-fiat and fiat-to-crypto transactions, potentially mitigating the volatility element in Bitcoin transactions that makes them unviable.
Ripple CEO Announces Intent to Issue IPO… Eventually: This week, Brad Garlinghouse, CEO of Ripple Labs, and many other of the world’s executives descended on Davos in Switzerland to talk finance. During a Wall Street Journal event, the leading Ripple executive said that he believes in the next 12 months, “you’ll see initial public offerings in the crypto/blockchain space.” Garlinghouse, touching on the long-held sentiment that Ripple will eventually issue shares on the public market, said that “We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.” In the same interview, he said he sees value in Bitcoin as a store of value, but not as a medium of exchange.
“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.” –@bgarlinghouse at #WEF20
— Asheesh Birla (@ashgoblue) January 23, 2020
Japanese Government Working On Digital Currency: Reuters reports that a parliamentary group comprised of 70 Liberal Democratic Party lawmakers is looking to issue a national digital currency.
Facebook’s Crypto Project Libra Loses Vodafone: Facebook’s Libra blockchain project just lost a partner in Vodafone, a primarily British telecom provider. “We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion,” a spokesperson said, seemingly trying to show that this move was not made in ill intent to the goals of financial inclusion.
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
Another week, another round of Crypto Tidbits. It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, trading both above and below that level.
Another week, another round of Crypto Tidbits. The past seven days have been rather positive for Bitcoin and the rest of the cryptocurrency market, which was battered the week prior to the one that just transpired.
Another week, another round of Crypto Tidbits. If you look at the below chart, it may seem like Bitcoin had a subdued week in terms of price action; however, the past few days for this budding market has been filled with ups and downs, like the surge to $10,600, then the subsequent strong retracement to $9,700...
Another week, another round of Crypto Tidbits. Save for the Bitcoin price bump at the start of the week, the past seven days have been relatively mild for the cryptocurrency markets, with volatility remaining to a minimum.
Another week, another round of Crypto Tidbits. The first week of January was a quiet one for the Bitcoin and broader digital asset market, with BTC gaining a mere 0. 7% over the past seven days, according to Coin360.
Another week, another round of Crypto Tidbits. Bitcoin, again, saw an effectively flat week, losing a few percent in the past seven days (which isn’t much in the grand scheme of things), according to the latest data from Coin360.
Yesterday, we saw news of another hack of the South Korean cryptocurrency exchange, Bithumb, the hack, resulted in the theft of over $30 Million. Just over a week ago, we also saw a similar scale hack take hold of (another South Korean cryptocurrency exchange) Coinrail, this time, we saw theft in excess of $40 Million.
The Waves team today announced another major exchange partnership for the WAVES token — listing and trading on Huobi, a top three crypto exchange. The new listing follows the previous week...
WAVES gets listed on crypto exchange Huobi
Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.
Factom has started to experience another turbulent month in June as prices drop further this past week. Over the…
The post Price Analysis: Factom Creates New Yearly Lows As Prices Find Short Term Support Against Bitcoin appeared first on Invest In Blockchain.
Another first for Stellar…https://t. co/uBYTkhHy6J
Via https://t. co/ZPn4hvJmOo on Malta-based YOVO Mobile. https://t. co/uBYTkhHy6J
— Stellar Lumens (@StellarLumens) June 12, 2018
This week, Stellar have shared a tweet which points towards a new partnership and a brand-new integration on the Stellar network.
Services There aren’t many things that bitcoin core and bitcoin cash supporters can agree on. This week, Satoshi’s Place has formed the ground zero for the tribes to exchange insults and deface one another’s logos.
This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins.
It’s time for another weekend addition of our famed publication, The Crypto Refresh. If its your first time here, welcome to paradise. If you’re an attuned Crypto Refresh veteran, welcome back.
If you have no idea what’s happening, how you got here or what you’re doing here, fear not… just read on, you might enjoy it!
This week has seen the cryptocurrency markets take somewhat of a turn.
Another week, another round of Crypto Tidbits. After over a week of ranging, Bitcoin attempted to break higher this week. The flagship cryptocurrency moved from the weekend lows of $8,900 to a weekly high of $9,470 on major exchanges.
Another week, another round of Crypto Tidbits. Bitcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $9,500 — over 25% higher where it started this week.
Another week, another round of Crypto Tidbits. After last week’s brutal showing, Bitcoin mounted a strong recovery over the past few days, rallying as high as $7,100 yesterday, marking an 85% gain from the $3,800 capitulation bottom.
Another week, another round of Crypto Tidbits. Wow, the past seven days have been quite the trip for Bitcoin, to say the least. After peaking at $10,500 last week, the price of the leading cryptocurrency plunged to $9,700, bounced to $10,300, then took a few hours to crash from that level to $9,250, liquidating hundreds of...
Another week, another round of Crypto Tidbits. Save for the Bitcoin price bump at the start of the week, the past seven days have been relatively mild for the cryptocurrency markets, with volatility remaining to a minimum.
Another week, another round of Crypto Tidbits. The past seven days have been quite, quite exciting for Bitcoin and its ilk. Per data from Coin360, BTC has gained 11% in the past week, rallying as high as $9,000 as buyers have stepped in en-masse.
