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
I was hoping to see ned or dan in that top 10 crypto rich list.. also the co-founder of Ethereum is on that list but not Vitalik which is a bit surprising
Hope this is the bottom and it looks like. A powerful bounce like this was missing all the bear market long. Anyway, even if we go lower the fundamentals are still very good so long term we will rocket!
thanks for update daily report of crypto it is helpful for user .
Good news. Time to fly again. Thanks for sharing.
That’s good to see, but I sure could have used another week of sell off. I’ve been buying aggressively and didn’t get to use all of my dry powder! 😂
You might be glad you saved some. For later buying, of course. :)
Yes sir! I bought 4 times on the way down from $6. I had 2 more spots (1.50 & .90) before I was going to be out of dry powder. I’m just gonna sit tight for now and enjoy some gains if I can’t buy! :-)
That's the best way to do it! Regrets get you into the FOMO zone, which usually ends badly.
Lots of numbers makes my head ache.
We are definitely on a wild ride right now. There will be lots of news about regulations and where countries stand on cryptocurrencies. The key is for everyone to be sensible about how they invest and appreciate that this is a long game. There will be many more big dips but if we can assist in making the industry sound,w e can help it to grow. So hang on and hold on. We can do it together.
I really hope this is the bottom
that was the artificial crypto crisis created by elite class business society to buy more bitcoin and other powerful crypto at the low price and they made it. now bitcoin has strong chance to reach 20,000$ again.
that's a good post for every crypto investor
sent you 1 sbd and you never upvoted the post i sent in memo.
Thanks for the post @penguinpablo
Ah we got green but a LONG way to go from our highs that is for sure. That senator meeting was rather interesting it was the first time I sat there and actually watched CSPAN lol
Thank you for the update.
EOS will soon top the list
Waao it's very good to see that market started to grow at a very good pace.
restemeed and upvote.
thanks.
For me this is that happiest thing today is that cryptomarket is going up
To the moon 😀
thanks for update
please
upvote my post
Now this is a post I can get behind. Thanks for all the sources and the detailed breakdown. Fantastic!
I think they're starting to realise that crypto is here to stay & it's the future. You can stop me, but you cannot stop us all.
Upvoted
i didn't know trading was frozen in south corea
Thanks for the update!
And meanwhile, financial institution-created volatility products](https://www.bloomberg.com/news/articles/2018-02-06/volatility-inc-inside-wall-street-s-8-billion-vix-time-bomb) have collapsed 85% in a week! An ~8 billion USD market. VIX is a major product.
Cheers,
@dcj
thanks for the update @penguinpablo. Some very positive news for a change.
It hasn't beem encouraging so far after the massive drop of bitcoin. When i checked my paxful wallet,i bought $100 worth of bitcoin and i saw $40 worth due to the fall of the value but with this statistics and many more i have seen from great crypto currencies analyst,bitcoin will have its massive boom [moon] in no time..thanks for this vital info
What a difference 24 hours makes in crypto world.
Everyone be careful out there, things can reverse quickly and markets like to retest support levels.
The market is back, I pray it just goes up. Time for another bull 🏃. Happy investor, cash flow.
Suddenly we are all greens on 24 hours! I am glad I bought Steem on low cheap prices Muah hahaha!
Thanks for all details ❤❤
Thanks..Keep up the good work.
Thanks for the round-up. Like many here, I hope this is the bottom. But if it isn't, there'll be a long stretch for adding to your holdings via dollar-cost averaging.
Chart wise, the odds are you will have a chance to buy cryptos lower,
thanks for sharing this information.
Hi, @lays I've transferred in total 8SBD and received a bit more then 88SBD UpVote. The description says " Send 1 SBD to 10 SBD get Up to 250%" - Is not my case.
Could please REFUND or send the rest of missing UpVotes?
5+3
yesterday i sent you 1 sbd with my memo but you did not upvote me yet, please refund or give upvote
I haven't received anything. Can you show me the transaction?
Besides, I don't have a paid upvote service. You can't just send SBD to any account.