Welcome to my Cryptocurrencies Market Overview for Thursday, February 15, 2018.
Today in the news:
- Bitcoin is nearing $10,000 for the first time in 2 weeks.
- Coinbase has launched a Bitpay competitor: Coinbase Commerce
- A tax filing service in the US says only 0.04% of its customers reported crypto to the IRS for 2017.
- Western Union is testing transactions with the use of Ripple’s Blockchain-based settlement system.
- And more crypto news below...
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Latest Crypto News - February 15, 2018
Bitcoin Looks Above $10K, But Resistance May Await
Having hit two-week highs, bitcoin is now aiming for the $10,000 mark and beyond, but further gains may be transient, the charts indicate.
Read more: www.coindesk.com
More sources about Bitcoin's price:
- Bitcoin is nearing $10,000 for the first time in 2 weeks
- Bitcoin price nears $10000: Litecoin, Ripple, Ethereum in cryptocurrency comeback
- Bitcoin takes aim at $10000, as Litecoin extends rally
Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC
While its trading clients might have preferred Coinbase to focus on improving its core service, the exchange is busy now expanding into another market. Coinbase Commerce has launched to help online stores handle payments in four leading cryptocurrencies.
Read more: news.bitcoin.com
Other sources:
US: Tax Filing Service Says Only 0.04% Of Customers Reported Crypto To IRS For 2017
Fewer than 100 out of 250,000 citizens, or 0.04 percent, who have filed federal tax returns this year to date via personal finance service Credit Karma reported cryptocurrency transactions to the US Internal Revenue Service (IRS), Reuters reported Tuesday Feb. 13.
Read more: cointelegraph.com
Other sources:
Ethereum Developer Resigns as Code Editor Citing Legal Concerns
Ethereum developer Yoichi Hirai has resigned as one of the platform's code editors, citing concerns that a contentious proposal may be in violation of penal law.
Read more: www.coindesk.com
Western Union Confirms Testing Ripple Technology For Money Transfers
The financial services provider Western Union (WU) is testing transactions with the use of Ripple’s (XRP) Blockchain-based settlement system, the company’s Chief Financial Officer Raj Agrawal said in an interview with Bloomberg Feb. 14.
Read more: cointelegraph.com
Other sources:
World's first digital currency 'cold storage' vault launches in Dubai
Regal RA DMCC, a gold investment and trading firm in Dubai, is the first company in the Middle East to receive a license to trade cryptocurrencies, the Dubai Multi Commodities Centre said. The company said it launched the world's first “deep cold storage” solution, which allows investors and traders to store their digital currencies - bitcoin, ethereum and other altcoins - in a vault located in Dubai's Almas Tower, the headquarters of free zone DMCC.
Read more: www.thenational.ae
Ron Paul: Bitcoin vs. The Fed
At the Satoshi Roundtable in Cancun Naomi Brockwell got to sit down with the amazing Ron Paul and discuss why cryptocurrency is important. Dr Paul is a hero of the liberty movement especially because of the work he's done to spread awareness about the problems of government-controlled money and the federal reserve, so he is a huge inspiration for many of those involved with cryptocurrency.
All 50 apartments listed in Bitcoin, sold out in Dubai
Lingerie tycoon Michelle Mone and her partner Doug Barrowman sold 50 of their 1,300 apartments in Dubai for Bitcoin. The prices of these luxurious Bitcoin apartments ranged from about 15 BTC to 45 BTC.
Read more: cryptocoin123.com
Bitcoin Isn't the Only Crypto Adding Lightning Tech Now
A spate of major cryptocurrencies are looking to lightning network-like systems as part of an effort to scale their platforms for more transactions.
Read more: www.coindesk.com
It costs $26,000 to mine one bitcoin in South Korea — and just $530 in Venezuela
Mining just one bitcoin in one of the world's biggest digital currency markets costs $26,170, according to data released by lighting and furniture firm Elite Fixtures.
Read more: www.cnbc.com
Philippines Banks to Use Visa's Blockchain Payments Platform
Five banks in the Philippines are reportedly grouping up to use Visa's blockchain-based payment platform.
Read more: www.coindesk.com
94-Year-Old Berkshire Hathaway VP: It’s ‘Disgusting’ People Buy Bitcoin
Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as “totally asinine” Wednesday in what some consider will be one of his last public forums, Financial Times reports Thursday, Feb. 15.
Read more: cointelegraph.com
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