According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a wide range of investment vehicles in the long-term.The analyst said: “NASDAQ to add a bitcoin index on its platform. They are reading the writing on the wall and don’t want to get left behind. There is no stopping this. Adoption happens gradually right in front of you, until you finally pause, look around, and bitcoin is the dominant asset…….
Tesla and SpaceX CEO Elon Musk believes cryptocurrency is a far better medium of transferring value than paper money, specifically lauding bitcoin for its ‘brilliant’ structure. Nearly everywhere Elon Mask goes, people want to talk about Tesla. On Tuesday, however, the media magnet went along with a change in focus by discussing his views about cryptocurrencies. His opinions come within months of a Bitcoin-related tweet that landed him in hot water with the social media platform. He ended up getting his account suspended by Twitter.
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Cryptocurrency exchanges have been under fire so far this year, as hackers have kept on targeting them and other events hurt the confidence users have in certain platforms. Atomic swap technology is set to revolutionize the way we trade cryptocurrencies and more. As CryptoGlobe covered, a Chainalysis report has found that 60% of cryptocurrency exchange hacks were the work of two major players, dubbed “Alpha” and “Beta.” Alpha was described as a “giant, tightly controlled organization partly driven by non-monetary goals” that appeared eager to “create havoc as to maximize profits.”
In the last week, the amount of Bitcoin traded by Venezuelans via the LocalBitcoins peer-to-peer platform exploded by 30%, to reach an all-time high. The trading by residents of the financially troubled country, whose native Bolivar has been devalued by long-term hyper-inflation, amounted to the equivalent of $8.9m over the seven days up to February 8th. The news comes in the wake of the weekend announcement of new restrictions on the trading of cryptocurrencies for residents of Venezuela by its government, with the South American country’s authorities………….
JPMorgan Chase, the largest U.S. bank (and the world’s sixth largest), has created its own cryptocurrency, a stablecoin called “JPM Coin.” According to CNBC, J.P. Morgan “moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business,” and in a few months, it will start trials for use of this new cryptocurrency for instant settlement of payments between its clients. The report says that J.P. Morgan is for a future blockchain-powered world, but before that happens………..
This, according to data from DAppRadar – which was pointed out by Twitter user Kevin Rooke on February 9th, 2019. As Rooks explains in his tweet, 86% of ETH-based dApps had zero users last Saturday, while 93% did not record any transactions. Although there are reportedly around 40 times more developers focused on creating software for Ethereum (when compared to its closest competitors such as EOS and Tron), ETH-based dApps don’t appear to have lived up to expectations. There are about 1,375 “live” dApps built on the Ethereum blockchain, however the number of active users have remained consistently low. According to data from DAppRadar…………….
Paraguay has reportedly recently paid for an Argentinian shipment worth little over $7,000 in bitcoin, the flagship cryptocurrency, in an apparent first for both countries. The deal was made as part of new program incentivizing small shipments. According to Cointelegraph en Español, Argentina sold Paraguay pesticides and fumigation products, and paid for the products in BTC, which was then converted to Argentina’s fiat currency, the peso, to pay the agricultural chemicals’ exporter.