I Cover News In The Following Order :
- BTC Price Update
- Crypto News
- Twitter Updates
Bitcoin Price Update:
Well Yes, I'm micro-tracking the BTC price as all the other altcoins are pegged to it currently, I know its pointless in the long run but this is just fun 😃
https://in.tradingview.com/chart/BTCUSD/ZdR9qc3A-BTC-Channel-long-Idea/
NEWS
1) Cryptocurrency market will hit $1 trillion valuation this year, CEO of top exchange says:
Jesse Powell, founder and CEO of Kraken, said Tuesday that the cryptocurrency market would continue to see an "acceleration" of growth — despite a sharp pullback in recent weeks.
Traders have been weary of regulatory signals recently as government ministers in South Korea and India have both upped their rhetoric against virtual currencies. On Monday, three top European Union regulators issued a warning to consumers about the risks associated with buying cryptocurrencies.
However, cryptocurrency enthusiasts seemed to be mostly positive about a hearing on cryptocurrencies held by the U.S. Senate Banking, Housing and Urban Affairs Committee last week.
IMO: South Korea I understand but India brings insignificant voloume in comparison to South Korea and America in addition to that the FUD was cleared by Arun Jaitley himself that there are no regulations currently but it can never be a legal tender for transaction.
2) CoinMarketCap now shows cryptocurrency prices in BCH, XRP, and LTC:
CoinMarketCap has added the option to show cryptocurrency prices in three additional digital currencies: Bitcoin Cash (BCH), Litecoin (LTC), and Ripple (XRP).
This means that users will now have the option to view the value of all other coins based on the rate of one of these three currencies. The feature will come in handy to users who primarily focus on trading in the same currency – especially when it comes to keeping track of profits and losses.
Source: https://thenextweb.com/hardfork/2018/02/13/coinmarketcap-cryptocurrency-bch-xrp-ltc/
3) Litecoin is sinking after the cryptocurrency's first competing fork is announced:
Litecoin is down 2.2% Tuesday morning after the cryptocurrency’s first hard fork, Litecoin Cash, was announced.
Litecoin holders will receive 10 tokens of litecoin cash for every one litecoin they own, the newly minted Litecoin Cash foundation said Monday.
The goal of the new currency is to increase the “block speed” at which the network can process transactions. The foundation says litecoin cash has a goal block time of 2.5 minutes – faster than litecoin. Like bitcoin and most other major cryptocurrencies, but unlike the existing Litecoin network, litecoin cash will use the more energy intensive, but potentially more secure, proof-of-work mining method.
The fork will occur precisely at block 1371111. The Litecoin network is currently on block 1368028 at the time of writing,according to BlockCypher. The fork is expected to occur sometime around 9 p.m. ET on Monday, February 19.
Source : https://www.businessinsider.com.au/litecoin-price-sinking-after-litecoin-cash-fork-announced-2018-2
IMO : This is complete lies, here's a tweet from Charlie Lee himself :
3) South Korea Is Considering a New Licensing System For Cryptocurrency Exchanges:
In a turnaround from its hardline approach to Bitcoin and other cryptocurrencies, South Korea is mulling a licensing system to help regulate the country’s virtual currency exchanges.
Authorities may introduce a system based on the Bitlicense model, developed in New York, Business Korea reports, but a final decision isn’t expected until June.
The system only allows exchanges that have applied for a license, known as a “Bitlicense,” from New York State’s Department of Financial Services to trade cryptocurrencies. The system imposes detailed reporting regulations and a minimum capital requirement, limiting the number of firms and currencies that qualify, according to Business Korea. Adopting such a system would help bring cryptocurrency trading into a more familiar institutional framework and help the government supervise a notoriously volatile market, the government says.
Source: http://fortune.com/2018/02/13/south-korea-bitcoin-exchange-approval-system/?iid=sr-link2
TWITTER UPDATES
Ripple:
IOTA: Update
Thankyou
I post daily content, so here's yesterdays news update if you missed that : https://steemit.com/altcoinbuzz/@steemaze/crypto-news-bullish-trend-formation-rsi-abu-dhabi-crypto-regulation-t-mobile-crypto-plans-bitstrade-c-and-d-waltonchain
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