Altcoin Magazine’s Weekly Recap 11.02.2019— 17.02.2019
Here are some of Altcoin Magazine’s top Bitcoin, blockchain, ICO and cryptocurrency news stories for the week:
Monday — February 11, 2019
Texas residents can now pay their electricity bills using cryptocurrency thanks to the collaboration of GridPlus Energy and the local Oncor Electric Delivery Company and CenterPoint Energy.
US research firm Fundstrat Global Advisors has published a report according to which analysts expect that in 2019, gradual improvements in the cryptocurrency industry should have a positive impact on the rates of cryptocurrencies.
Lightning Network in the Bitcoin blockchain continues to grow rapidly. Data from 1ML.com confirms that the number of active nodes, channels, and Lightning total throughput is now higher than ever in the entire thirteen-month network history.
SAFT is the abbreviation for “Simple Agreement for Future Tokens”. The term stands for a (security) investment contract created by Blockchain developers for authorized investors. However, the tokens that are eventually transferred to the investors are fully committed to a purpose and therefore not securities under US law.
Security tokens have been permanently in the crypto scene lately. The news reaches from the successful launch of the tZero trading platform to the blocking of $75 million tokens by Polymath.
Tuesday — February 12, 2019
Imperatriz Leopoldinense, the famous Brazilian samba school, chose money as the theme of its performance at the Carnival in Rio de Janeiro in 2019, which will be held from 2 to 9 March. Dancers will tell the story of money, from the first metal coins and paper money to cryptocurrencies.
Ethereum Blockchain is the most popular among developers of decentralized applications — 87% of all platforms were launched there. However, it became known that 86% of these applications have no users, and 93% of them have no transactions at all.
The search engine giant Google extends its product range with a search engine service for blockchains. Google is trying to be ahead of demand and to position itself in a market segment that has immense potential in the future
South Korean company Bithumb begins expansion in the Middle East with the launch of a licensed fiat-to-crypto exchange in the United Arab Emirates (UAE).
Altcoin News: Fighting among Smart Contract Platforms Intensified, the Founders Criticized Each Other
At the Blockchain Connect Conference in San Francisco, Vitalik Buterin, the founder of Ethereum talked about the progress of development and upcoming updates. After the presentation, Buterin criticized as “there is Mislead in the advertisement that says the speed of transaction processing performed by competing projects as a Smart Contract platform”.
USD rules the black market. Cryptocurrencies aren’t anonymous. And why anonymity actually matters.
As those who have been engaged in the cryptocurrency space for some time will no doubt have noted, 2018 would be a year best forgotten. In the thick of a particularly heavy flow of buzzword diarrhea, every and all manner of town caller and snake-oil salesman was calling for “revolutionary change” and “disruption” of the financial services industry.
Wednesday — February 13, 2019
Cryptocurrency billionaire and large over-the-counter trader from China, Zhao Dong, once again urged the public to look at buying Bitcoin. He stressed that now is the time to buy and keep the first cryptocurrency.
Altcoin News: The Head of Binance Revealed the Date of Public Testing of the Blockchain Binance Chain
The head of one of the largest cryptocurrency exchanges, Binance (Chanpeng Zhao) said that the public testing of the blockchain Binance Chain will begin on February 20th.
UAE Exchange and Unimoni payment services launched a system for international money transfer using Ripple technology. Finablr, which owns both brands, announced the implementation of international money transfers in real time using RippleNet technology.
Altcoin News: Two Pension Funds in the US Invested in a Blockchain Fund with a Capital of $40 Million
The arrival of institutional capital in the cryptocurrency market becomes not just rumors and expectations, but a reality. Yesterday, institutional-oriented asset manager Morgan Creek announced that two public pension funds from the United States of America have invested in its new blockchain fund with a capital of $40 million.
When Vanguard Group founder Jack Bogle created the world’s first index mutual fund for individual investors at the end of 1975, he launched an era of low-cost investing and started a movement that would come to define the next four decades.
Thursday — February 14, 2019
Several of the altcoins are now being upgraded to be faster and more efficient. The technical specifications of these blockchains are basically set in stone- unchangeable without a dreaded “hard fork”. Indeed, that fact is exactly what gives these currencies their reliability and value.
Friday — February 15, 2019
Cryptocurrencies in parallel with the blockchain technology are beginning to gradually enter the banking sector. Yesterday it became known that the large American investment bank JPMorgan in the next few months will begin testing its own digital currency — JPM Coin.
The popular US crypto exchange Coinbase recently paid $30,000 to a hacker for a critical vulnerability on their platform. According to a company representative, this has already been resolved.
Altcoin News: Nasdaq CEO Is Optimistic About Cryptocurrency And Will Add Support for Bitcoin and Ether Cryptocurrency Indices
The service for transferring real-time quotes to the Nasdaq Global Index Data ServiceSM (GIDS), which already has more than 40,000 indices, has been supplemented with two new cryptocurrency indices Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX).
Independent Internet analyst has claimed that he had established five Bitcoin addresses that belong to the QuadrigaCX exchange. He published his findings on Reddit on February 13.
Co-founder of Blockstream and one of the developers of Bitcoin, Luke Dashjr proposed to temporarily reduce the block size to 300 kilobytes to maintain the integrity of the network and increase commissions. He noted that he had already prepared the code to reduce the block size.
A cynical way of looking at investments might start from the point that investors know the price of everything, but the value of nothing. But even that assumption may no longer be valid because so much liquidity has been flowing into the markets for so long, it’s hard to say if the price of anything is reflective of its value.
Want to know how the top 10 cryptocurrencies fared in 2018 and what their growth is relative to their market cap in 2017? We analyze the top 10 cryptocurrencies at the end of 2018 and compare it to its position and price at the beginning of the year. We include an overview of the project along with any major developments they’ve made during the year.
Saturday— February 16, 2019
Ripple CEO Brad Garlinghouse said that representatives of the investment bank JPMorgan, who on Thursday announced their own JPM Coin, do not understand the essence of cryptocurrency.
Despite the falling cryptocurrency market, the subsidiary Grayscale Investments of Digital Currency Group continues to report on progress.
One of the authors of Forbes suggested that Bitcoin is an excellent substitute for fiat money and has all the properties of traditional financial assets.
For the first time, Bitcoin (BTC) was sent via amateur radio. Seed phrases from a brain wallet were transferred from Canada to the USA. The method is independent of the Internet but has security holes.
ICO is a relatively new method of financing startups, which has become for thousands of entrepreneurs an easy and fast way to implement their projects. By 2018, the ICO collected more than $20 billion. However, an ICORating study conducted last year showed that more than half of ICO projects failed in the second quarter of 2018.
Read about our upcoming Altcoin Magazine Mastermind Event here.