Top Crypto Headlines

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HOT! MyEtherWallet (MEW) Breaks Up in Controversial Decision

MyEtherWallet (MEW) Breaks Up in Controversial Decision HOT! Binance Is Back Online Following Blackout

Binance Is Back Online Following Blackout HOT! NY Regulators Issue Warning Against Market Manipulation

NY Regulators Issue Warning Against Market Manipulation LTC Transaction Fees Drops to 0.1 Lites per kB

Thai Govt to Start Regulating Crypto Within a Month

Ardor Releases Launch Update

Zebpay Adds Ripple

Nvidia Continues to See Strong Demand from Miners

Red Pulse and Neon Exchange Announce Partnership

Bitrefill, the Largest Global Pre-Paid Mobile Company Now Accepting Dash

MoneyGram and GCash Announce Partnership

Lisk Releases Update on Relaunch

Factom talks Using Blockchain to Process Mortgage Applications

Litecoin Gains Popularity in Dark Web

Ecoin Price Fluctuates Wildly as “Pump and Dump” Accusation Surfaces

Tax Authority of Lithuania Closes Bitcoin

Number of Tokens Issued on Waves Crosses 10,000

Onchain Becomes Part of the Microsoft Accelerator

NY Fed Economists Don’t See Bitcoin Replacing Current Payment Methods

AsiaMTM Group Now Accepts XRP Payments

HK Securities & Futures Commission Sends Warning to 7 Exchanges

Market Summary

Another day on the green for the vast majority of crypto assets, as persisting optimism continued on the back of Feb 6 heroic-type testimony by the CFTC and SEC heads in front of a U.S. Senate Committee. Ever since, the waters have calmed down, as reflected by the acceptance of higher valuations in top crypto assets. Bitcoin Gold was by far the top performer on Friday, followed by Ripple, Eos, Tron, Lisk, Qtum and Ethereum Classic. On the other side of the spectrum, Nano, Populous, DigixDao were the main laggards.

However, as a note of caution, there is tentative evidence that we are not out of the woods yet. One must be reminded the context of relentless pressure in cryptos ahead of the US Senate hearing, and that hoping for a V-shape type rebound are just that, hopes and to a certain extent wishful thinking. The reality is, these occurrences, while can materialize, are seldom in nature. Under normal market dynamics, bottoms have a tendency to be carved out in a more gradual and time-based sequence of legs. Markets require room to breathe and follow a course of price discovery, which is governed by the ever evolving equilibrium of supply and demand.

Has the market provided any new clues on the demand-side? Yes, it has, via the analysis of trading volume. By checking at Bitcoin via Bitfinex/OKEX/Binance, the decreasing volume towards a pivotal area of supply/resistance above $9,000 should be a warning sign. Besides, when analyzing the total market cap, if one combines all the volume since Feb 6, that picture is also confirmed. What does this mean? It communicates demand is potentially drying up, especially ahead of the weekend.

Moving on. Across the wide spectrum of industry news, the most relevant included: By far, the one that received the most ‘air-time’ from the crypto community was the break up and in-fight in MyEtherWallet (MEW), after one of the original developers of the highly popular Ethereum and ERC20 token storage management wallet, Taylor Monahan, released an alternative product on Friday, MyCrypto, without a prior notice and caused an outrage in the crypto community. Another news making headlines was Binance’s prolonged blackout; finally, the exchange systems were back online and as a result of the inconvenience caused, Binance declared a 70% discount on trading fees until 24th February 00:00 AM (UTC).

In Thailand, relevant ministries are planning to come together and discuss the “regulatory framework for digital currencies and initial coin offerings.” IBM Global Industries Senior Vice President Bridget van Kralingen said the majority of their annual $6 billion R&D budget would be allocated to blockchain technology in 2018. Late on Wed, as a reminder, a guidance paper was issued by The New York State Department of Financial Services (DFS), warning all crypto companies under their license to “implement measures designed to effectively detect, prevent, and respond to fraud, attempted fraud, and similar wrongdoing.” Meanwhile, Coincheck exchange announced that after suspending withdrawals in light of a hack that occurred on Jan 26, that customers were allowed to withdraw their funds in JPY by February 13.

With regards to new developments on crypto assets, there were quite a few worth mentioning: Thai-Government backed renewable energy provider and Power Ledger partner, BCPG signed a Memorandum of Understanding (MOU) to work on a project focused on creating a system to facilitate peer-to-peer energy trading in Thailand’s iconic Smart Park. Lior Yaffe, the co-founder of Ardor released the latest launch update on Medium. Red Pulse, revealed via Twitter, that they have just entered into a partnership with NEON Exchange (NEX). This partnership will see Red Pulse become the first NEP-5 token added to the decentralized exchange platform. Lisk is gearing up for the relaunch which is going down on February 20. In a recently published article, Recorded Future authors Andrei Barysevich and Alexandr Solad revealed that Litecoin became the second most dominant cryptocurrency in the dark web.

Main Gainers / Losers Top 100 Coins

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