Hodler's Digest, February 11-17: Top Stories, Price Movements, Quotes and FUD of the Week

gepubliceerd op by Cointele | gepubliceerd op

Top Stories This WeekFundstrat Global Advisors Expects 2019 to Bring More Institutional Investors to CryptoAccording to a report on the 2019 crypto outlook released by New York-based research company Fundstrat Global Advisors, incremental improvements in the crypto space can provide support for higher prices for cryptocurrencies.

According to the head of JPM's blockchain focus, only a small amount of the total funds involved will at first involve the JPM Coin.Crypto Miners and Investors Are Turning to Derivatives to Survive Crypto WinterA recent analysis by Bloomberg has found that crypto investors and miners are looking more and more towards derivatives like options as a way of surviving the recent market downturn.

The crypto markets have seen an end-of-the-week calm, with Bitcoin trading at around $3,644, Ethereum at $124 and Ripple at $.30.

For more info on crypto prices, make sure to read Cointelegraph's market analysis.

Zhu Fa, the co-founder of Poolin, a Chinese-based crypto mining pool, predicted this week that Bitcoin's price could hit 5 million Chinese yuan.

FUD of the WeekMajor US Crypto Exchange and Wallet Gives $30,000 Reward for Finding Critical BugUnited States crypto exchange and wallet service Coinbase has given out a $30,000 reward for reporting a critical bug on its system, according to data from its vulnerability disclosure program.

Turkish Police Arrest 24 Suspects Over Hacking of Around $2.5 Million From Crypto FirmPolice in Turkey have arrested 24 people that were allegedly involved in a 13 million Turkish lira hack from an unnamed cryptocurrency-related firm in Istanbul.

With money apparently being moved around their cold wallets, their cold wallets not existing, and the money possibly even not existing, Cointelegraph examines the conflicting rumors and theories surrounding the financial status of Canada's largest crypto exchange.

Iran: Still Waiting for the Blockchain RevolutionComing off of the heels of the announcement of an Iranian-backed cryptocurrency, known as Paymon, the crypto space has discussed the implications of Iran using a digital asset.

Considering CEO Jamie Dimon's past negative comments on Bitcoin, crypto commentators have been highly skeptical of the move, even as others have brought up the possible competition between JPM Coin and Ripple.

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