Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K
What happened?
Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin price could hit 5 million Chinese yuan ($738,000 (USD)
What did he say?
While Zhu noted that "it now feels more like a bear market," he reportedly predicted that in the next bull run, prices will be 10–20 times higher than previous ones, adding that the next bull run could be the last. Read more here
JPMorgan Chase to Launch 'JPM Coin,' Using Crypto to Speed Settlements
What is this all about?
After previous negative comments about cryptocurrency from the bank's CEO, Jamie Dimon, United States banking giant JPMorgan Chase announced planning to launch its own digital asset, JPM Coin
What is this for?
JPM Coin is designed to initially increase settlement efficiency within three operations: international settlements by major corporations, treasury services, and securities transactions
Read more here
Coinbase Wallet Users Can Back Up Encrypted Keys on Google Drive and iCloud
What is this all about?
Coinbase Wallet users will now be able to backup their private keys on Google Drive or iCloud
How would it work?
According to an official announcement, Coinbase Wallet users will be able to upload their keys to the cloud as a safeguard against lost keys, which then protects users against losing funds in the case that keys are misplaced
Read more here
Nasdaq to Add Brave New Coin Bitcoin and Ethereum Indices This Month
What happened?
The indices — the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) — will offer real-time price updates in thirty-second intervals for clients using NASDAQ's Global Index Data Service
What is this for?
"(BLX and ELX) are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets," Nasdaq explains
Details here
Fundstrat Expects 2019 to Bring Incremental Improvements Supporting Higher Crypto Prices
What is this all about?
New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook, where analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies
What is this based on?
Fundstrat's outlook states a few reasons behind Bitcoin price recovery: the expected weakening of the US dollar, while the emerging market equities will outperform U.S. stocks and bonds, much anticipated institutional investments will also increase in 2019 due to the developments in custody solutions and over-the-counter trading
To get to know what else might stimulate the rising value of crypto, read our article Prefer video instead of text? Check out our latest Hodler's Digest | | | | |
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