Remember when Bitcoin was under $9000?
Welcome to my Cryptocurrencies Market Overview for Wednesday, February 14, 2018.
Hot crypto news today:
- Bitcoin is back above $9,000 :-)
- Litecoin surges 25% to $200 ahead of LitePay launch and possible fork.
- South Korea’s government gave the strongest signal yet that it will allow cryptocurrency exchanges to keep operating in the country.
- Users on Coinbase won't be able to add new credit cards as a payment option.
- Bitfinex announced it would build a decentralized exchange on the EOS.IO blockchain platform.
- And more crypto news below...
Cryptocurrencies Market Overview - February 14, 2018
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - February 14, 2018
Bitcoin Sees Bull Reversal Ahead of Chinese New Year Holiday
Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event.
Read more: www.coindesk.com
More sources about Bitcoin's price:
Fork Confusion Propels Litecoin to 1-Month High Above $200
Litecoin (LTC) is putting on a show today amid news a group of developers may seek to fork its blockchain, the fifth-largest by total value.
Read more: www.coindesk.com
Other sources:
Crypto Trading Ban Downplayed by South Korea After Backlash
South Korea’s government gave the strongest signal yet that it will allow cryptocurrency exchanges to keep operating in the country, a welcome development for traders who had feared an outright ban in one of the world’s biggest markets for digital assets.
Read more: www.bloomberg.com
Other sources:
- S. Korea Responds To Public Petition: No Crypto Trading Ban, But Gov’t ‘Still Divided’
- Korean Government Answers Petition Against Unfair Cryptocurrency Regulations
Coinbase Cuts Off New Credit Cards for US Customers
Cryptocurrency startup Coinbase said Tuesday that its U.S.-based users won't be able to add new credit cards as a payment option.
Read more: www.coindesk.com
Ripple Partners With Saudi Arabian Monetary Authority To Offer Pilot Program For Banks
Ripple has announced an agreement today, Feb. 14, with the Saudi Arabian Monetary Authority (SAMA) to provide support for Ripple’s cross-border payments technology to banks in the Kingdom of Saudi Arabia (KSA).
Read more: cointelegraph.com
Coincheck Exchange Sees $373 Million Withdrawn in One Day
Japan's Coincheck exchange reinstated Japanese yen withdrawals yesterday and investors are already flocking to take out their funds following the firm's recent hack.
Read more: www.coindesk.com
Bitfinex to Launch EOS.IO-Based Decentralized Exchange
Bitfinex announced on Monday it would build a decentralized exchange on the EOS.IO blockchain platform. The high-performance exchange will be called EOSfinex and will combine the speed and scalability of the EOS.IO blockchain with Bitfinex’s expertise in the crypto market, according to the statement.
Read more: cryptovest.com
Africa's first bitcoin exchange targets 1 billion users
Luno, founded in South Africa in 2013, has plans to become one of the leading cryptocurrency traders in the world. CEO and founder Marcus Swanepoel has a goal that would leave many bigger companies in the shade: 1 billion customers by 2025.
Read more: money.cnn.com
Bitcoin ETFs “Holy Grail” for Investors - JPMorgan Note
We have already witnessed the launch of futures contracts based on the price of Bitcoin, but there has been virtually no development where other crypto-related financial instruments are concerned. The argument for Bitcoin exchange-traded funds (ETFs) just got a serious boost as JPMorgan called such a release a “holy grail” for investors.
Read more: cryptovest.com
Barely anyone is paying the taxes they owe on their bitcoin gains
A tiny fraction of Americans are reporting their cryptocurrency transactions to the IRS, according to a study from Credit Karma Tax. Fewer than 100 of 250,000 federal tax returns prepared and filed so far this year through the company have filed a Form 8949 for cryptocurrency gains and losses, Credit Karma said Tuesday. That's less than 0.04 percent of filers.
Read more: www.cnbc.com
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Great to see a sea of green. Let’s hope the trend continues. South Korea is looking good. As a foreigner we are still banned from depositing money into our accounts, but trading and withdrawing have been confirmed a go, good news
that is good to hear. I normally wouldn't upvote your comment as much but these self-voted nonsense ones shouldn't be at the top :)
Much appreciated. I was worried for a bit because regulators were going to force foreign users to open a new bank account at a certain bank to even be allowed doing anything, but because of the public backlash they loosened their requirements a bit. It’s not perfect but it’s better than nothing
Hahahaha. Stay chill! But I agree. :D
chill... Hold on... South Korean as I know, have no problem with crypto...
Is there an alternative to relating crypto worth to the us dollar? Like, yeah its cool and all bt if you have to turn around and get dollars for your crypto then it seems like it would be benificial to the government to inflate everything or crash the dollar so the crypto cant be worth dollars, idk
Btc back to 9000$
when price falls it feels like market will never go up. When market is positive it feels like it will hit the target.
Luno has remarkable service and their roots here in Africa can attest to that because of the growing number of users who trust in it. About the 1billion users mark by 2025, thats seems too ambitious but who knows, cryptocurrency has no boundaries so I think the sky is the limit.
Glad to see things back on the up and up! Hope it can continue.
That time when Btc is at 9k, i guess i still don’t have any idea about cryptos. Thank God my friends told me about this steemit platform. And after joining steemit platform, i spend a portion of my time reading news and updates about cryptos.
I want know about Steem Dollars market,
please tell me about Steem dollars ?
the price of sbd is now 4.95$
Thank you.
upvote and resteemit done...
keep it on...
Interesting article! Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!