🗞 Daily Crypto News, February, 15th💰

in #cryptocurrency6 years ago

  • CME Group CEO Terry Duffy: Government Involvement Key to Crypto’s Success ;
  • ‘Make Bitcoin Fun Again’: New Lightning App Lets You Buy Pizza With BTC ;
  • Hyundai Commercial Partners With IBM to Accelerate Blockchain Development ;
  • Bitcoin's Social Contract Must Be Resilient to the Whims of Future Generations ;
  • Ripple CEO Brad Garlinghouse Says JPMorgan Coin ‘Misses the Point’ of Crypto ;
  • 📑 Daily Crypto Calendar, February, 15th 💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 CME Group CEO Terry Duffy: Government Involvement Key to Crypto’s Success

Terry Duffy, CEO of leading derivative market CME Group, has said that until governments start to accept cryptocurrencies, it is very difficult for major commercial banks to get involved in the market. Duffy made his comments during an interview with Bloomberg published on Feb. 14.

When asked if Bitcoin’s (BTC) price has hit its bottom, Duffy said that he is not sure. The interviewer also brought attention to the JPM Coin, the cryptocurrency soon to be launched by United States banking giant JPMorgan to increase settlement efficiency, as recently reported by Cointelegraph.

🗞 ‘Make Bitcoin Fun Again’: New Lightning App Lets You Buy Pizza With BTC

Over 150 people bought pizza with bitcoin this week by using the Lightning Network.

The crypto payments startup Fold, which launched the web-based Domino’s portal on Wednesday, basically makes fiat pizza purchases on behalf of hungry lightning users. Fold product lead Will Reeves put it this way:

“We’re trying to make bitcoin fun again and illustrate that lightning is at a point where it is mainstream-ready.”

🗞 Hyundai Commercial Partners With IBM to Accelerate Blockchain Development

Hyundai Commercial — a financial services subsidiary of leading South Korean automobile manufacturer Hyundai — has announced a partnership with American tech giant IBM to modernize its business model using blockchain. The news was announced on Feb. 13 at IBM’s annual tech and business conference “IBM Think 2019” in San Francisco, California.

Hyundai Commercial is reportedly “a corporate finance company that provides leasing and financial services for commercial vehicles and construction equipment.” The partnership with IBM will focus on using open source Hyperledger Fabric blockchain technology to create a new supply chain financing ecosystem for the Hyundai Commercial network.

🗞 Bitcoin's Social Contract Must Be Resilient to the Whims of Future Generations

Over the last few years, infighting and different visions has led to significant divides within the Bitcoin community, weakening the network effects no matter which chain you support. With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who maintain the various software protocols that communicate with Bitcoin and the network’s many participants have lives that are finite — which means we don’t know if future generations will change the social contract Satoshi Nakamoto created years ago.

🗞 Ripple CEO Brad Garlinghouse Says JPMorgan Coin ‘Misses the Point’ of Crypto

Ripple (XRP) CEO Brad Garlinghouse says the newly-announced digital asset from United States banking giant JPMorgan Chase “misses the point” of cryptocurrency, according to a tweet published on Feb. 14.

As reported, JPMorgan Chase revealed its blockchain-powered JPM Coin yesterday, saying the asset will initially be used to increase settlement efficiency in select operations. Directly following the announcement, Garlinghouse responded on Twitter:

“As predicted, banks are changing their tune on crypto. But this JPM project misses the point — introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and bank coins still aren’t the answer.”

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📑 Daily Crypto Calendar, February, 15th 💰

  • Mainframe (MFT)

The mainframe platform release announced at ETH Denver.

  • Insifa (ISF)

Usability testing of prototype with 25 selected community members. Between 11 and 15 Feb.

  • Bitcoin Zero (BZX), Chainlink (LINK), General Event (CRYPTO), Ethereum (ETH), Grid+ (GRID), imbrex (REX), Mainframe (MFT), Maker (MKR), OmiseGO (OMG), POA Network (POA), SALT (SALT), Sapien (SPN), Streamr DATAcoin (DATA), Zcash (ZEC)

ETHDenver buildathon, workshops, and community gathering in Denver from February 15-17.

  • Komodo (KMD)

Wallet encryption feature to be available for all once all funds are moved to transparent address.

  • Komodo (KMD)

KMD funds held in private Z-address must be moved to transparent address to support upcoming dPoW and KMD 2.0.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

image.png

Here is the current chart :

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We are currently testing the resistance line at 0.31$. We are exactly on it but till now we are not able to break it. GO Steem, we must break it, GO GO. More Seriously, be prepared for a Break Out if we are able to break it, this is why that break would be really good for the STEEM as it will allow us to make some nice Up in the coming days.

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Disclaimer: I'm not a blockchain specialist.

I actually think that JPM centralized crypto may have some legs. I mean banks are friends with other banks and banks have trillions of dollars worth volume. On the other hand I'm not too confident about Lighting. It's still takes some work and nowhere near grandma friendly.

STEEM/EOS can be fast as an unconfirmed Tx on BTC network and with STEEM you get paid for just HODLing. If could have a more anonymous zerocoin/mixing STEEM we'd be the currency of choice for many people. I'm actually looking forward for that to happen.

Thanks for the reporting. It's nice to keep up with the developments :)

Reading about buying pizza with bitcoin reminds me of a world crypto recognize day in which someone bought pizza with 10k Bitcoins or something. It's celebrated in May, I think Lol

Lovely updates!

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Ahah I think it is the point pizza 🍕 and Bitcoin are linked forever now !

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I'm reading these posts and I think regularly I really should invest in Krypto, but something prevents me from doing so. I'm indecisive.

Now is a good time to start dollar cost averaging in...with BTC down 90%, basically all coins are on sale!!!

Indeed !

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Really nice post, like the detailed charting.

Really like your posts. Always gives a nice overview of what happened in crypto.
I'm excited how the JPMorgan coin will look, even I'm quite sure it will fail.

Thank you !
Take care 🙏

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