Latest Market News
As we progress into the first quarter of the year, this week’s choices are set to benefit from ongoing developments and significant announcements that will help each project to continue to progress. These developments should help the projects to strengthen their market positions, and bring increased amounts of attention to their respective currencies.
Barry Silbert, the CEO of cryptocurrency industry powerhouse Digital Currency Group, was recently interviewed by CNBC. Silbert reiterated his stance that the vast majority of coins on the cryptocurrency market are headed for a lot of trouble, but he remains just as bullish as ever on Bitcoin.
Blockchain analysis firm Chainalysis has raised $30 million in a Series B funding round led by Accel, a California-based venture capital firm. The funds will be used to finance a new R&D facility in the United Kingdom and will also go towards the development of Chainalysis products.
Two public pension funds are among the backers of a new $40 million cryptocurrency and blockchain-focused venture fund set up by Morgan Creek.
At just 25 years of age, Vitalik Buterin is already widely recognized as one of the most influential voices in the crypto community. His journey in the world of blockchain started in 2011 and since then he built an incredibly rich resume. Mostly known for his brain child, Ethereum, Buterin is also a regular contributor to Bitcoin Magazine, a crypto-focused magazine he co-founded, and a philanthropist.
Binance CEO Changpeng Zhao recently held an “ask me anything” session in which he revealed new details about Binance Chain, the blockchain platform and decentralized exchange that’s being developed by the company behind the world’s busiest cryptocurrency exchange.
As we move deeper into the first quarter of the year, this week’s choices are set to benefit from ongoing developments and significant announcements that will help to push each project forward. With investors still not having fully returned to an overall positive market sentiment, these developments should help the projects to strengthen their market positions, and bring some much needed attention to their respective projects.
Bitcoin continues its unexciting February and is still trading quite close to the lowest levels we’ve seen in the 2018 – 2019 bear market.
Ethereum co-founder Vitalik Buterin is one of the most beloved figures in the cryptocurrency community, but he is certainly not shy about speaking his mind and criticize some of the trends and practices that have emerged in the blockchain space.
Since the inception of Bitcoin, numerous articles and studies have been published with the aim of comparing the most famous cryptocurrency to gold or to fiat currencies. Those comparisons are expected, given the fact that as a newcomer, Bitcoin aims to disrupt medium of exchange supremacy of fiat and traditional store of value function that gold has in our society.
