Caviar Update for February 19, 2019

February is proving to be a month of new hope for cryptocurrency- read on to find out why. Our previous update featured our fourth Quarterly Report for 2018, which is available to view here.

Current Market Outlook

Patience Strong once said:” In February there is everything to hope for and nothing to regret”, and the crypto market has certainly had a hopeful February.

Despite ongoing cryptocurrency price lows, institutional interest has reached promising new highs. Bakkt is acquiring assets from the Rosenthal Collins Group (RCG), Fidelity has confirmed their crypto platform is in final testing and Morgan Creek Digital’s recent $40 million raise anchored by municipal pension funds and more have all brought renewed hope to weary crypto investors. Not to mention that JP Morgan is rolling out the first US-based cryptocurrency for its wholesale payment business.

The recent Fundstrat crypto research report has listed nine factors indicating positive incremental developments coming this year. Fiat to crypto inflows are increasing, bettered blockchain security infrastructure has been created and more, adding to hope of some market recovery in 2019.

In other news:

• The Caviar team would like to thank the community for suggesting potential cryptocurrency exchanges. Renewed efforts are being made to pursue listing on new exchanges based on your suggestions.
• Blockchain and DLT as a technology is moving to the forefront of public interest following an extended bear market that has brought crypto to its’ knees. In Blockchain Tech Disruption: Evolving To Meet New Challenges Kirill Bensonoff digs into the blockchain expectations for 2019.
• In the latest episode of The Exchange with KB Caitlin Long, co-founder of the Wyoming Blockchain Coalition, joins to talk Wall Street’s ups and downs, make predictions for the Bitcoin ETF, share what’s next for blockchain in Wyoming and more. Listen in!

The Caviar team will continue to keep the community updated regularly on our progress, and our moderated Telegram group is always open for discussion. If you have any questions or concerns, please send them to help@caviar.io and a member of our team will reach out to you.

Disclaimer: Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Future profits are not implied nor guaranteed, past performance does not guarantee future outcome. The information does not constitute investment advice or an offer to invest. Caviar tokens are not, and will not, be registered with the SEC, and are not offered or sold to persons and entities from the USA and the Cayman Islands.