THE BITCOIN WEEKLY OVERVIEW 9/MARCH/18
It began with the release of Bitcoin Core 0.16; marked the first instance of a sovereign nation announcing that it would use and accept a cryptocurrency as legal tender; and included the launch of a new accelerator from "China's eBay," JD.com, to assist companies that promise to have transformative technology in the blockchain space.
- The official release of Bitcoin Core 0.16.0
- Bitcoin’s Price has fallen back to the psychologically-important $10,000 level. Transaction fees have remained remarkably low this week, with multiple reports of 1 satoshi per kilobyte transactions being confirmed within a few blocks.
- Coinbase and Bitfinex will also be integrating SegWit – a technological upgrade to the Bitcoin protocol which reduces transaction fees even more .
- Liechtenstein’s Bank Frick announced that it would allow direct investment into Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash, as well as store coins for its clients.
- Wellington Management Company, which controls one trillion Dollars in client funds, announced that it’s seeking to take a position in crypto.
- Chinese E-Commerce Giant JD.com Launches Blockchain Accelerator
- Y-combinator Israeli fintech startup Neema is partnering with the Republic of the Marshall Islands (RMI) to issue a new cryptocurrency that will act as legal tender for the sovereign nation. The new currency is called "Sovereign" with a trading symbol of "SOV." The ICO will occur later in 2018.
- Op Ed: Why Millennials Migrate to Blockchain Technology and Cryptocurrencies in Droves
- The popular crypto-only exchange, Poloniex, announced their acquisition by Circle, a former US Bitcoin exchange which pivoted to become a more generalized financial service provider.
- There Is a Bitcoin Patent War Going On, but These Initiatives Could End It
That’s what happened this week in Bitcoin. See you next week.
DISCLAIMERS:
THIS #ARTICLE IS NARRATED FROM DIFFERENT SOURCES . This #article should not be taken as, and is not intended to provide, #investment #advice. Please conduct your own thorough research before #investing in any #cryptocurrency.
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