🗞 Daily Crypto News, February, 22nd💰
- Unconfirmed: Telegram TON Network to Launch by October 2019 or Token Contracts Are Void ;
- Don’t Expect Bitcoin’s Supply to Change, Says Core Maintainer Wlad van der Laan ;
- Bitcoin Will Hit $1 Million, Says IBM’s VP of Blockchain Jesse Lund ;
- Bitcoin Price ‘Bull Cross’ Points to Positive Market Shift ;
- University of Michigan Endowment Backs Crypto Venture Capital Fund ;
- 📑 Daily Crypto Calendar, February, 22nd 💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
Purchase agreements for messenger service Telegram’s Gram tokens will be terminated if the Telegram Open Network (TON) does not launch by October 31, 2019. An apparent purchase agreement with the said terms was obtained by Cointelegraph on Feb. 21.
The agreement details the legal niceties of Gram token purchases, outlining regulations for different jurisdictions in regard to the distribution of the tokens. Notably, it states that, should network not be released by October 31, 2019, the contract will be considered null and void.
While the document provides the name of the founder of the encrypted messenger Telegram, Pavel Durov, it is not yet been signed or dated. The document also lists the address for Harneys, a lawyer's office in the British Virgin Islands, where Telegram is also registered.
Wladimir van der Laan, the lead maintainer of bitcoin’s most widely used software, has harsh words for those engaged in an ongoing debate about whether the cryptocurrency’s finite supply will ever be increased.
A soft-spoken developer from The Netherlands, van der Laan is usually hesitant to enter the fray. Yet, he responded fiercely to the idea on Twitter last week. Specifically responding to allegations that bitcoin’s developer team was planning to increase the supply, he declared: “This is bullshit. It’s sad that this needs to be said, but no one in their right mind proposes changing bitcoin’s monetary policy.”
Despite the fact that the software is programmed to issue 21 million bitcoins, an aspect of the code that would require everyone running the bitcoin software update to change, that hasn’t stopped speculation over the years that an adjustment might be needed. Most recently, developer Matt Huong floated the idea of increasing the supply of bitcoins in circulation – very informally – just as a possible way to reduce future fees.
“[Raising the supply] is anti-economic, [and it] goes against human psychology. I don’t think people will generally choose to deliberately devaluate something they own. Let alone when the price is already at a low.”
The vice president of blockchain and digital currencies for IBM, Jesse Lund, said that he expects Bitcoin’s (BTC) price to eventually hit $1 million. Lund made his prediction during an interview with comparison and news platform Finder.com, published on YouTube on Feb. 20.
Towards the end of the interview, Lund was asked what he expects the price of Bitcoin to be on this new year’s eve. He answered that he thinks it is going to be higher than the current price, clarifying, “I’ll go with $5,000.” He then continued his prediction, adding:
“I see Bitcoin at a million dollars someday.”
Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart.
The cryptocurrency could test December highs above $4,200 in the near term.
A minor pullback to $3,800 may be seen in the next 24 hours, as signs of bullish exhaustion have emerged on the hourly and 4-hour charts.
The bullish case would weaken if BTC finds acceptance below $3,614 (the low of the previous three-day candle), but that currently looks unlikely.
The financial endowment fund of the University of Michigan, one of the oldest and most established academic institutions in the U.S., is the latest institutional investor revealed to have entered the cryptocurrency ecosystem. Its endowment is backing a crypto venture capital fund managed by Andreessen Horowitz.
📑 Daily Crypto Calendar, February, 22nd 💰
- Bitcoin (BTC)
Last trade of Bitcoin futures contract for February, 22th 2019. Trading terminates at 4 PM GMT.
- Bitcoin Cash (BCH), Bitcoin SV (BSV), Waves (WAVES)
Waves client pauses trading of BCH to take a snapshot of balances. BCH holders will receive BSV equal to the amount of their held BCH.
- Waves (WAVES)
"The team of Waves Venezuela is pleased to invite entrepreneurs, crypto-enthusiasts and blockchain entrepreneurs..."
- CloakCoin (CLOAK), Modum (MOD), SALT (SALT), Substratum (SUB), Wings (WINGS)
Binance delists CLOAK, MOD, SALT, SUB, and WINGS at 10:00 AM UTC.
- SmartCash (SMART)
"The only way to see change in this world is to make it happen and Anarchaforko is our attempt to change our world."
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So yesterday, the correction on the STEEM was not yet started but it is now the case. We broke the MMA20 and touched the low bollinger band which triggered a bounce. We are now consolidating just under the MMA20. The most important now is to don't break the support line at 0.31$ If we can stay upper, the Up trend will remain valid and we will be ready for the next Up.
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