It has been a week if huge gains for crypto Investors this week and it is vital we access the top news for the week.
- 1 $2.2 Billion and Climbing: How Litecoin Surged 10% Overnight to Become the 4th Largest Cryptocurrency
- 2 Bitcoin Use Is Quietly Surging Back to Its Peak
- 3 Cryptocurrency fans are just loving the Wells Fargo banking outage
- 4 Why Samsung & Opera’s Crypto Wallets Will Fuel Mass Bitcoin Adoption
- 5 Is Cryptocurrency Powering the Explosive Economic Growth in Malta?
$2.2 Billion and Climbing: How Litecoin Surged 10% Overnight to Become the 4th Largest Cryptocurrency
Litecoin (LTC) has increased by more than 10 percent in value in the past 3 hours from $33 to $38, becoming the 4th largest currency in the global crypto market.
EOS, which secured its position as the 4th most valuable cryptocurrency behind Bitcoin, Ripple, and Ethereum since 2018, was surpassed by Litecoin.
Personal comment- This is a massive win for us at Cryptomedia because we forecasted that Litecoin would bounce back strongly. Last month, we examined an opinion that stated that many cryptocurrencies would drop by February and we showed that it would not. Now, the prediction is paying off and I believe the rise will continue.
Bitcoin Use Is Quietly Surging Back to Its Peak
Bitcoin is quietly gaining momentum again. The number of confirmed transactions per day has reached levels not seen since 2017, the year when the world’s largest cryptocurrency surged in value and made international headlines.
Personal comment- Along with Litecoin’s surge this week, Bitcoin has began to bounce back from the decline it has been experiencing. For a currency which was tagged as obsolete and walking on its grave, Bitcoin has surprised many people and given delight to many investors.
Cryptocurrency fans are just loving the Wells Fargo banking outage
With Wells Fargo customers unable to access their accounts Thursday after a “power shutdown” at a bank facility, cryptocurrency advocates on social media quickly argued that their coins’ decentralized networks can better withstand such problems.
Personal comment- Every time I read this kind of news, I smile deeply because it is just one of the predictions coming to pass. Traditional banking institutions are gradually failing and more people will keep coming over to choose Cryptocurrency. If you are in need of any more proof, here is a news source to convince you.
Why Samsung & Opera’s Crypto Wallets Will Fuel Mass Bitcoin Adoption
This week, major browser operator Opera has integrated a feature to purchase crypto into its Android app less than three months since announcing its plans to further explore blockchain technology.
With a partnership with Safello, a European crypto exchange, users are now able to purchase cryptocurrencies directly from the Opera browser.
Personal comment- Last month, I brought a news source that concerned Samsung and its adoption of Crypto Wallets. Now, it seems as if Opera is towing the same line. This is an additional win because many people will now be easily able to purchase their crypto coins and engage in their transaction. This will also ultimately open a new furry of Crypto Investors.
Is Cryptocurrency Powering the Explosive Economic Growth in Malta?
The blockchain and cryptocurrency-friendly nation of Malta has been forecast as the nation to experience the most economic growth during 2019. The European Commission projected that the small island country’s economy would grow by a huge 5.2% during the period.
Personal comment- It has been proven to boost the economy of South Korea and a handful of other countries, now cryptocurrency is helping Malta to experience exponential growth margins. There is no doubting the fact that this news would spell better credibility for Cryptocurrency and I am looking forward to the next World Economic Summit where this information would be discussed in more details.