Weekly CryptoNews

Weekly CryptoNews

Bitcoin is falling further. Yesterday it plunged to $7,666, and today the cryptocurrency is quite above $8,000. Does bitcoin have chances to recover?

  • According to a forecast of Goldman Sachs, a possibility of bitcoin’s plunge below a February low is actual. If a bitcoin’s price is not able to gain a foothold above the support at $9,210, a collapse below $5,922 and lower is quite possible.

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  • The Japanese cryptocurrency exchange Coincheck repaired losses to all users in one day, that cost $435 million. The repayment had a positive impact on NEM that was stolen when Coincheck was hacked.
  • Help Binance, earn money! The cryptocurrency exchange Binance announced a reward of $250,000 for the information that will help to find hackers who tried to hack the platform on March 7. Moreover, the company allocated another $10 million for awards for help in preventing similar incidents.

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  • Coinbase is widening its influence. Coinbase is the first US cryptocurrency exchange that got a license to work in the UK. With this license, it has a right to work in all EU countries.
  • The number of Lightning Network's nods in the Bitcoin’s network rose above 1K. Will the Lightning Network become an answer of Bitcoin to low commissions of altcoins?
  • Telegram is putting more restrictions. Investors that are under US and EU sanctions will not be able to participate in the Telegram’s ICO.xTelegram-ICO-TON.jpg.pagespeed.ic.wVh68Z-fEz.jpg
  • Scientists of the University of California created an artificial intelligence ICORATING that determines ICO scam.
  • Congressmen could not agree whether regulate cryptocurrencies or not. Hearings on cryptocurrencies and ICO were held in the US Congress. A part of them offered to start regulating cryptocurrencies immediately. Another part said that the USA already have tools to effectively control the market.
  • The European Commission (the executive body of the EU) does not plan to ban mining if it fits energy consumption’s rules. 

Bitcoin $8,215.3 (+4.79%)

DASH $412.5 (+3.11%)

Ethereum $607.51 (+3.04%)

Litecoin $161.25 (+3.00%)

 

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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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