Cryptocurrencies May ‘Upend the Digital World,’ Says Institutional Investor Consultancy

Crypto represents a sound investment for institutional investors in the long term, consultancy firm Cambridge Associates has advised, according to a Bloomberg report on Feb. 18. Boston-based Cambridge Associates, which specializes in pension and endowment consultancy, reportedly works with institutions that collectively advise over $300 billion, with $30 million under management. In a research note published today, analysts at the firm reportedly wrote that: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these…

Coinbase-Supported Bitcoin Debit Card to Shut Operations in April

The Shift Bitcoin (BTC) debit card, which allows United States cryptocurrency exchange Coinbase users to spend BTC using a Visa debit card, is reportedly shutting down its operations. The development was posted to Reddit on Feb. 18, with the upload of an email purportedly from the Shift team. Shift, which launched in November 2015, was one of a steadily-increasing cohort of cryptocurrency debit cards, with multiple providers now issuing them in various countries. According to a screenshot of an email uploaded to Reddit and attributed to the Shift team, the…

Ethereum Client Parity’s Afri Schoeden Quits Social Media Amid Community Infighting

Afri Schoeden, release manager at blockchain infrastructure firm Parity Technologies, has withdrawn from social media amid a spate of infighting in the Ethereum (ETH) community. In a tweet posted on Feb. 17, Schoeden stated that “until further notice […] I will no longer respond on Gitter, Skype, Discord, Slack, Wire, Twitter, and Reddit.” Parity Technologies is a United Kingdom-based blockchain infrastructure provider, known primarily for developing one of the most well-known clients for Ethereum, also known as Parity. Parity’s forthcoming “Polkadot” protocol — a form of “para chain” that links…

Bitcoin Price Passes $3,700 to Hit One-Month High

View Bitcoin jumped to one-month highs earlier today, validating the falling wedge breakout seen in the 4-hour chart on Friday. The outlook as per the daily chart remains neutral, as the cryptocurrency is still trapped in a symmetrical triangle. That said, a break above the upper edge of the triangle, currently located at $3,760, looks likely as an inverse head-and-shoulders breakout on the 4-hour chart has opened up upside toward $4,030 (target as per the measured height method). More importantly, the rally to one-month highs is backed by strong volumes…

Product Hunt Lists Educational Binance Academy as Third Most Popular Service

Cryptocurrency exchange Binance’s education portal has reached the top three most popular products on Y Combinator-backed exposure platform Product Hunt, the website’s listings revealed on Feb. 18. Product Hunt, which launched in 2013 to showcase up-and-coming products and services to mainstream consumers, currently holds Binance Academy as its third-highest ranking entity. Other cryptocurrency-related offerings include trading tool Robinhood and statistics and passive income generator Earn.com. Binance Academy debuted in December last year as a means of providing cryptocurrency traders with information on Bitcoin (BTC) and the cryptocurrency industry in general.…

Self-Professed ‘Satoshi’ Craig Wright Answers CFTC’s Request for Input on Crypto Markets

Controversially self-proclaimed “Satoshi Nakamoto” and nChain chief scientist Craig Wright has reportedly submitted two near-identical comment letters to the United States Commodity Futures Trading Commission (CFTC). Wright filed his two documents on Feb. 15 in response to the agency’s request for industry input and feedback on Ethereum (ETH)’s mechanics and market. The closing deadline for responses to CFTC’s request for input (RFI) was Feb. 17, the agency having outlined its reasons behind gathering the information as follows: “The input […] will advance the CFTC’s mission of ensuring the integrity of…

Crypto Markets See Bullish Growth, Asian Stock Markets Rally Ahead of US-China Trade Talk

Monday, Feb. 18: Crypto markets are seeing a bullish surge of green, with all of the top twenty cryptocurrencies seeing growth of between 2 and 12 percent, as data from Coin360 shows. Market visualization by Coin360 Top cryptocurrency Bitcoin (BTC) has seen a solid 2.9 percent in growth on the day and is trading around $3,742 to press time, according to CoinMarketCap data, bringing Bitcoin to a 2.38 percent gain on the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) has seen the strongest 24-hour growth among the top…

Waste Management Firm Launches Blockchain Platform in UAE City

A blockchain-enabled waste permit portal will be launched in Sharjah, the United Arab Emirates (UAE), the country’s official news agency, Emirates News Agency (WAM), reported on Feb. 17. The blockchain-based waste permit portal will be jointly developed by environmental, recycling and waste management company Bee’ah and the Hamriyah Free Zone Authority (HFZA) — the city of Sharjah’s free trade zone. According to WAM, the platform is the first in the city to employ blockchain technology to validate, process and store transactions. According to the report, the platform will cut costs…

Dash, Neo, Binance Coin, EOS, Ethereum

Argentina has recently settled an export deal with Paraguay in Bitcoin. Although the net value of the deal was only $7,100, it is a welcome step. Gradually, more countries will recognize the advantage of using cryptocurrencies for cross-border deals. Digital asset management fund Grayscale Investments said that its institutional clients are increasingly using the current low crypto prices to make long-term investments. These inflows are largely being parked in the fund’s Bitcoin Investment Trust. A survey of 71 global institutional investors, conducted by market research company PollRight for the Global…

Police Arrest Suspects in Alleged $14 Million Crypto Scam

Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on Feb. 17. The case reportedly led to the freezing of several accounts in the country and to the arrest of four individuals — Sanjay Sontakke, Rajnikant Kumavat, Alpesh Barodia and Kirankumar Panchsara. According to The Times of India, the police are also looking for a fifth suspect, Ashok Goyal, who reportedly played a key role in…