What a week! The world of Cryptocurrency keeps getting better despite the bear season. In this week’s edition, we will be witnessing the ‘wins’ which are being recorded in the industry and how these wins are going to positively affect investors. Stay tuned!
Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust
Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17.
Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its single-currency products to trusts.
Personal comment: This news of acquisition may just seem like another news but it is vital to those who have invested in Stellar coin. If you have been paying close attention to the coin, you would notice that it has been steadily experiencing a rise. Also, the forward thinking plans of the team behind the coin made it possible for this addition to happen. Investors should definitely experience bigger moves from Stellar coin in the future
Ethereum’s Split Pushed Back Until After Valentine’s Day
The developer group that helps manage the Ethereum cryptocurrency network said a delayed software update will now take place on Feb. 27.
The so-called fork will reduce rewards paid to miners to two coins from three per block, and it should reduce inflation and bring more stability to the Ether digital coin. The upgrade is designed to stave off the so-called difficulty bomb, which would make the network unusable unless regular software upgrades are made.
Personal comment: Many would have noticed that the Ethereum network in terms of transactions is being slower due to the cumbersome workload. In order to lessen the load of transactions, the team decided to split it. It is important that investors should not regard this as negative move. Rather, it is a positive move for the coin as there would be increase of trust in its capabilities. In other news, the Ethereum coin has been fluctuating for a while now.
The hottest cryptocurrency, Tron, rekindles memories of the bitcoin bubble for worldwide traders
Memories die hard in the cryptocurrency market, where a digital token known as Tron has almost doubled in value over the past month.
Like many of the start-ups that surged in value before crashing during the digital-asset market bubble, the company features a young entrepreneur, questions about usage of its main product and a lot of hype
Personal comment: Now this is news that I know many investors of Tron would be intrigued by. If you have taken notice, in the year 2018, it seemed as if Tron would never pick up at all. The coin would steadily make progress, only to regress again. However, this seems to be the year that it would encounter exponential growth. However, I will always bid caution for short term investors because a rise like this may be followed by a little fall
Russia’s cryptocurrency adoption: Russian Prime Minister urges people to not ‘bury’ cryptocurrencies
Russia is moving a step closer towards cryptocurrency and its Prime Minister, Dmitry Medvedev made it clear as he claimed that the ongoing crypto bear market should not be a reason to “bury” cryptocurrencies. The Prime Minister said this on January 15 in a speech at the 10th Gaidar Forum, informed TASS.
Personal comment- Another big massive win for Cryptocurrency, and a big blow for traditional financial institutions. Do you know how much of a positive impact this means for crypto Investors and potential startups in Russia? I guess you know that the answer is BIG. Now, since one of the G5 countries has shown massive support for Cryptocurrency, the others will have to stop showing a blind eye and focus on acceptance. I can say that a major hurdle has been passed folks and you can be rest assured that the industry is here to stay.
MIT and Stanford Professors Are Designing a Cryptocurrency to Top Bitcoin: Unit-e
Some of the brightest minds in America are pooling their brain power to create a cryptocurrency that’s designed to do what Bitcoin has proved incapable of: processing thousands of transactions a second.
Professors from seven U.S. colleges including the Massachusetts Institute of Technology, Stanford University and University of California, Berkeley have teamed up to create a digital currency that they hope can achieve speeds Bitcoin users can only dream of without compromising on its core tenant of decentralization. The Unit-e, as the virtual currency is called, is the first initiative of Distributed Technology Research, a non-profit foundation formed by the academics with backing from hedge fund Pantera Capital Management LP to develop decentralized technologies.
Personal comment: Didn’t see this news coming at all. I mean, these reputable Professors coming out to research on their own crypto? Now that is new. However, I like the fresh initiative especially going with fact that they are doing it for a just cause. This is a currency I will definitely be looking into and bringing you premium updates on its progress