Crypto Daily News – February 8, 2018

Your One Stop Source for Daily Cryptocurrency News and Commentary

Unlike the US stock market, cryptocurrencies didn’t move significantly today. While some coins went up, others went down. Very few made significant moves either way. On the news front, there were both bullish and bearish news.

Berkeley, CA

Interestingly my alma-mater city, Berkeley, CA is looking to using blockchain technology to raise funds for community projects. This will be development to follow. If they decide to go through with it, it could potentially lead to other municipalities and states to follow suit.

Shark Tank

Robert Herjavec, one of the sharks from the famous show Shark Tanks likes what he sees in cryptocurrencies. While he hasn’t invested in them yet, he thinks Bitcoin and other cryptocurrencies are here to stay. He’s particularly optimistic about the blockchain technology.

European Central Bank
European Central Bank Executive Board member Yves Mersch said Bitcoin’s becoming a concern for the ECB and they will look into regulating it. Not too much of a surprise since that seems to be the stance that many governments are taking.

Disclaimer: I’m a self-proclaimed crypto-noob and trying to learn every day. While I hope my information and commentary are helpful, please always rely on your own research before making any investment decisions.