I Cover News In The Following Order :
- BTC Price Update
- Crypto News
- Twitter Updates
Bitcoin Price Update:
After Christmas the volume/interest has pretty much died off, this is the first time that volume has actually picked up which is a very good thing.
Not to mention 99% of the FUD is gone away apart from the Tether knife hanging over our heads.
NEWS
1) Cryptocurrency Market Rise – Chinese New Year Ramp Up?:
The cryptocurrency market has hit a bit of a stride today. Yesterday it stood a bit stagnant, as Litecoin propelled above the rest. The total market cap for all cryptocurrencies has hit over the $460 range, which is the highest it has been in the last two weeks. There could be several reasons as to why the market has suddenly taken a bullish turn
- Just recently, Litecoin announced the launch of LitePay, the payment infrastructure for Litecoin. In the evening on the 12th, LitePay Inc. tweeted the official launch of LitePay finally set for February 26th.
-Microsoft announced that it will be implementing blockchain to secure and hold digital identity data. The tech giant is hoping to prove all the cryptocurrency naysayers wrong. This too was announced on the 12th, on the Microsoft website blog by their Director of Program Manager, Alex Simons.
-Could individuals be purchasing digital tokens for each other? As we are just two days away from the launch of the Lunar Year of the Dog. It’s an interesting thought, as the Chinese New Year is treated just like American’s Christmas.
Source: https://cryptocurrencynews.com/daily-news/crypto-news/cryptocurrency-chinese-new-year/
2) Litecoin Price Surging: Why the Cryptocurrency Is Skyrocketing in Value:
They claim the reason to be the hard fork which is completely false, I have already covered it in a previous story : http://bit.ly/2oc3PV0
Link to article covered : https://www.inverse.com/article/41295-litecoin-price-surging-why-cryptocurrency-skyrocketing-value
3) Bitcoin price nears $10,000: Litecoin, Ripple, Ethereum in cryptocurrency comeback:
The price of one Bitcoin surged by more than 10%, climbing from a low of less than $8,700 yesterday to reach almost $9,900, before sliding back slightly. Ethereum, Ripple, Bitcoin Cash, Ethereum and all the other top cryptocurrencies were also up, according to CoinMarketCap.
IMO: It did break the 10,000 mark and has had a slight pullback since but nothing much to worry about even if it did drop to the 8k range.
4) This top bitcoin booster thinks the cryptocurrency will hit $40,000 a coin this year - but believes 90% of other ones will fail:
On the optimistic side, Llew Claasen, the executive director of the Bitcoin Foundation, predicted its namesake cryptocurrency will hit $40,000 a coin by the end of the year (it's currently trading above $9,000). On the other hand, Claasen predicted that 90% of all cryptocurrency projects overall will fail.
But even that isn't all that bad, he said.
That kind of failure rate "is not unusual to cyptocurrency,
" Claasen said in an appearance at the Startup Grind conference. He added that it's an indication that the projects are trying "something new and exciting and super-risky."
5) South Korea Responds To Cryptocurrency Petition:
A February 13, 2018 report said that the petition issued to the government by South Korean citizens, which demands a stay on a cryptocurrency crackdown, has reached 280,000 signatures, prompting a response from public officials.
In the case of petitions, the South Korean government is required to respond to those that garner over 200,000 signatures within a month. At one point the public's demand for the government to steer away from a cryptocurrency ban caused the official presidential "Blue House" website to temporarily go offline, overloaded by visitors trying to sign the petition.
Statement by Hong Nam-ki, minister of the office for government policy co-ordination:
"The government's basic rule is to prevent any illegal acts or uncertainties regarding cryptocurrency trade, while eagerly nurturing blockchain technology."
-Verge : Those are some hard hitting questions, lets see what happens
- Electroneum is getting listed on Kucoin ..Finally !!!!!!!
- Ripple: Update
Thankyou
I post daily content, so here's yesterdays news update if you missed that : https://steemit.com/altcoinbuzz/@steemaze/crypto-news-bullish-tone-kraken-ceo-litecoin-fork-fud-south-korea-regulation-coinmarketcap-update
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