From the potential for a Bitcoin comeback to an upcoming announcement from IBM and Stellar, here’s a look at some of the stories breaking in the world of crypto.
Veteran technical trader Peter Brandt, who accurately predicted the crash of Bitcoin in January of 2018, is drawing a parallel between the current market and BTC’s price action from late 2013 to early 2015.
The chart below marks a series of peaks and valleys that look remarkably similar, suggesting that if history repeats itself, the year-long bear market may be coming to an end.
— Peter Brandt (@PeterLBrandt) February 23, 2019
Meanwhile, crypto analyst Joseph Young says that although the price of BTC remains in decidedly bearish territory, three factors could signal the market has reached a bottom.
Crypto is still deep in bear market as Bitcoin is at $4k and it's too early tell but a strong case can be made that it reached a bottom.
1. Volume recovering (BTC $8 billion daily)
2. CME BTC futures record high volume
3. Institutions investing in crypto ($237M in Grayscale)
— Joseph Young (@iamjosephyoung) February 23, 2019
The latest ConsenSys-sponsored Week in Ethereum blog post is out.
This week’s edition covers a slew of developer updates and news on a number of Ethereum-based platforms, including FunFair, Augur and Golem.
Ripple and XRP
Ripple has released its full interview with European Parliament member Eva Kaili from its recent Ripple Regionals conference in London.
Kaili talks about the regulatory implications of blockchain-based, cross-border payments and digital assets in Europe.
The institutional crypto trading platform SFOX has released an extensive resources guide for anyone interested in learning more about Litecoin. You can check it out here.
Looking to take a deeper dive into the #Litecoin ecosystem? We rounded up this list of key people, platforms, communities, and other resources to get you started ➡️ https://t.co/ybtVhbGWIG@LTCFoundation @SatoshiLite #crypto $LTC #blockchaintechnology pic.twitter.com/zk6sEIk6DO
— SFOX (@SFox) February 20, 2019
Block.one, the creator of EOS, has released a new video mashup. A number of developers who’ve decided to build on EOS share their insights about the platform.
— block.one (@block_one_) February 21, 2019
Stellar co-founder Jed McCaleb and IBM’s head of blockchain Jesse Lund will give a presentation on digital assets and banking at the upcoming Money20/20 conference in Singapore on March 19th.
According to the agenda, IBM will be making an “exclusive product announcement” during the event.
“Jed will reveal his predictions for blockchain development in 2019 and the use cases we should expect to see at scale in financial services in the next 1-3 years. Joined by Stellar’s partner, Jesse Lund from IBM will share his vision for how digital currency and other digital assets will transform the payments value chain. IBM will also be making an exclusive product announcement. Together this pioneering duo have grand plans for disrupting and transforming payments and ambitions to establish a truly global footprint in cross-border payments.”
The decentralized application (DApp) tracker Dapp.Review has released an overview on how many users engaged with DApps on Ethereum, EOS and Tron over the last two months. In both total users and active users, Tron came out on top.
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Total Dapp users in past 2 months:
Active Dapp users:
— DappReview (@dapp_review) February 18, 2019