The top news in the last 24 hours are shown below:
‘Bitcoin to the Moon’ Signs Appear on Ukrainian Tram
LED signs flashing the text “Bitcoin to the Moon” have been spotted on a tramcar in the Ukrainian city of Vinnytsia. Pictures of the signs appeared on social media just as the National Bank of Ukraine announced that it had completed a pilot project to launch its digital currency called e-hryvnia.
Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
Cryptocurrency markets experienced a long bearish cycle last year which has continued into 2019. With some of the top cryptocurrencies like bitcoin cash (BCH) and bitcoin core (BTC) losing significant fiat value, large holders, otherwise known as ‘whales,’ have been able to accumulate massive amounts of digital assets. According to the top 100 rich list addresses for both coins, the world’s richest bitcoin holders have taken full advantage of ‘weak hands’ and discounted prices.
Maduro’s Petro Becomes More Accessible but Scrutinized by Venezuelans
For a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild. However, recent reports detail that there are a few new methods available for residents who want to obtain the Venezuelan government issued cryptocurrency.
Markets Update: Support Turns Into Resistance for Leading Cryptocurrencies
Following Sunday’s sudden rally and retracement, most leading crypto assets have produced sideways consolidation just below the support ranges established during the previous week. The major exceptions to the trend are XRP and ONT, both of which appear to have held above last week’s support zones.
Nasdaq’s New BTC and ETH Indices Launch With Real-Time Price Data
The Nasdaq stock exchange has officially listed bitcoin core and ethereum indices on its platform of 4,000 global indices starting Monday, Feb. 25. The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) provide real-time information on the price of 1 BTC and 1 ETH in dollar terms, based on the most liquid ends of their markets. Both indices, created by market data company Brave New Coin, will be refreshed every 30 seconds.
Warren Buffett Calls Bitcoin a Delusion – But an Ingenious One
Warren Buffett’s opinion of bitcoin has evolved. In a recent interview, he described the cryptocurrency as ingenious but also called it a delusion. While admitting that his view of bitcoin has been upgraded, the CEO of Berkshire Hathaway asserted that “it attracts charlatans.”
XRP Coinbase Listing
Coinbase added $XRP. Within minutes of its listing, $XRP quickly increased by ~10%! The news itself enthused many proponents of the digital asset, while also inciting some long-time $XRP critics.
Electroneum Introduces a Smartphone that Rewards Users with ETN
The newly launched M1 is Electroneum’s Android-based smartphone that incentivizes users with Electroneum tokens (ETN). ETN can be used to purchase airtime and data, and also for shopping. An M1 costs $80 and is said to be initially available only in South Africa
Ripple and XRP Will Continue to Grow Significantly, Believes Accenture’s Global Payments Lead
Gareth Wilson, the managing director of global payments at Accenture, released his predictions for 2019 for the crypto and financial world, it has become known that he is one of those who actively support Ripple and strategy. According to him, this year Ripple can expect significant gains as its network will be actively expanding around the world welcoming new banks and financial institutions.
South Korean Cryptocurrency Exchanges Announces Bankruptcy
The South Korean cryptocurrency exchange has now declared bankruptcy, according to Korean news outlets. This comes after the exchange has suffered several millions of dollars in losses, primarily due to suspected embezzlement.
Hacker Moves 2.09 Mln EOS Following Blacklist Update Failure
An anonymous hacker managed to move 2.09 million EOS ($7.7 million) from a hacked account due to an alleged failed update by an EOS block producer (BP), according to a Telegram post by EOS block producer EOS42 on Feb. 23. The EOS blockchain has a feature that requires BPs to blacklist compromised accounts; all top 21 BPs are necessary to blacklist a particular account for the blacklist to function correctly. On Feb. 22, a new EOS block producer dubbed “games.eos” apparently did not update the blacklist for EOS mainnet accounts.
Survey: Half of the Alternative Investors Think Crypto Is Bubble
According to the 2019 Cayman Alternative Investment Summit (CAIS) survey, investors think that, as an asset class, cryptocurrency represents a bubble. The results of the study were provided in a press release shared with Cointelegraph on Feb. 25. To prepare the survey, researchers reportedly examined approximately 100 alternative investors and managers, who participated at the CAIS’ sixth annual conference from Feb. 6 to Feb. 9, 2019.
Russian Official Seeks Extradition of Alleged Bitcoin Fraudster Alexander Vinnik
Russia’s Commissioner for Human Rights Tatyana Moskalkova has asked Greek Justice Minister Michalis Kalogirou to extradite the alleged former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, to Russia. The news was reported by Russian news outlet TASS on Feb. 25.
Former Goldman Sachs Exec Joins Blockchain-Focused Hedge Fund
Former Goldman Sachs executive Marco Lim has reportedly been appointed as a managing partner at Hong Kong-based blockchain and cryptocurrency-focused hedge fund MaiCapital, Finance Magnates reported on Feb. 25. Before joining MaiCapital, Lim also served at Deutsche Bank, Credit Suisse, and Forex Capital Markets, specializing in foreign exchange sales, according to Lim’s LinkedIn profile. At MaiCapital, Lim is expected to bring his expertise in sales and marketing to further develop the company.
Netherlands: Bitcoin Trader Attacked in His Home
A Bitcoin (BTC) trader has been attacked in his home in the Netherlands by a group of robbers disguised as the police, local news outlet De Telegraaf reported on Feb. 23. A 38-year Tjeerd H. was reportedly the victim of a violent raid in his home in Drouwenerveen on Feb. 10, wherein a group of criminals wearing balaclavas and bulletproof vests with a police coat threatened him with firearms.
Global IT Firm Cisco Systems Opens Tech Development Center in Singapore
International tech and IT firm Cisco Systems has opened a Co-Innovate Center in Singapore, the Bangkok Post reports on Feb. 25. Cisco CTO Dave Ward reportedly said that the new centre — there are 14 worldwide — will help stimulate the development of new technology in the region. The branch in Singapore will purportedly concentrate on cybersecurity, the Internet of Things (IoT) and blockchain technology.
Japanese Multinational Holding SoftBank Announces Blockchain ID Working Group
Japanese multinational holding conglomerate SoftBank Corp. and American telecoms-focused blockchain firm TBCASoft are to lead a new blockchain-based digital identification study group under the canopy of the Carrier Blockchain Study Group (CBSG). The development was announced in a SoftBank press release on Feb. 26.
Microsoft, Telefónica to Work on Blockchain Innovation in Fresh Partnership Deal
Spain’s biggest multinational telecommunications company, Telefónica, has partnered with Microsoft to expand its digital innovation using blockchain and artificial intelligence (AI), a press release confirmed on Feb. 25. Telefónica, which has sealed multiple blockchain-related partnerships in recent months, will now leverage Microsoft’s Azure platform to develop new services for the telecoms industry. The deal emerged as part of the ongoing World Mobile Congress in Barcelona.
HTC’s Blockchain Phone Exodus Partners With Opera Browser, Adds Multiple DApps
Blockchain-centric smartphone Exodus, developed by consumer electronics giant HTC, announced that it had partnered with Opera Browser as well as added support for multiple DApps. The news was revealed in a series of tweets on Feb. 26 from the firm’s official Twitter. The company announced support for Etheremon and Decentraland DApps in its ZIONVault integrated cold storage. Moreover, according to a Verge report, the smartphone now also supports a Taiwanese DApp called Numbers.
Swiss Banking Giant Julius Baer to Offer Its Clients Crypto Asset Services
Swiss bank Julius Baer plans to provide its client access to digital asset services, following a partnership with crypto bank startup Seba Crypto, a press release from Julius Baer reveals on Feb. 26. The association will come into effect when Seba is granted a securities dealer and banking license by the Swiss Financial Market Supervisory Authority, the press release notes. The Swiss bank will then begin offering digital asset storage, transaction and investment solutions in partnership with the crypto startup.
Fintech Firm MonetaGo Pivots to R3’s Corda After Spell Leveraging Hyperledger Fabric
Software development company MonetaGo has switched over from Hyperledger Fabric to R3’s Corda as an enterprise blockchain platform, economics magazine Global Trade Review (GTR) reported on Feb. 26. MonetaGo, which previously had ties with both platforms, will now use Corda as it continues its expansion into Mexico and other international markets ahead of a current trial in India.
Blockchain Post-Trade Platform Vakt Partners With Majority of North Sea Oil Market
Vakt, a blockchain-based post-trade platform for oil, has signed up four new clients, according to a statement published on the platform’s website on Feb. 25. As per Etienne Amic, Vakt’s recently appointed CEO, the company has partnered with four new clients before its official launch at International Petroleum Week, which starts in London today, Feb. 26.