In “This was the NEWS” we take a look at the most important news of last week. What has happened in the crypto space over the last 7 days? News items that you may have missed and you really need to read. You will find it here!
- Litecoin Partnered With The Ultimate Fighting Championship (UFC)
This past week, the Litecoin Foundation partnered with the Ultimate Fighting Championship (UFC) in an attempt to promote the coin. In a fight on December 29th between Jon Jones and Alexander Gustafsson, Litecoin showed their logo in the octagon during the fight. This is a big deal seeing millions of people watch UFC.
“Millions of viewers at such events would help raise global awareness and drive interest in Litecoin. With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of this technology moving closer towards the mainstream.” -Litecoin Foundation
Read more about Litecoin’s partnership here: https://altcoinbuzz.io/crypto-news/partnerships/litecoin-partnered-with-ultimate-fighting-championship-ufc/
- The First Crypto MBA Program from South Korea
South Korea is one of the world’s biggest proponents of cryptocurrencies, so this news isn’t much of a surprise. The Seoul School of Integrated Sciences and Technologies is now offering students a Masters of Business Administration for crypto/blockchain related courses. Part of the curriculum covers Bitcoin, Ethereum, and EOS specifically. This is a huge step in the right direction for the future of cryptocurrencies.
“The mission of Assist business school’s Crypto MBA program is to remedy the lack of academic research and systematic education currently available in the industry, despite a high level of social interest in the blockchain and cryptocurrency.” -The Seoul School of Integrated Sciences and Technologies
Read more about the Crypto MBA program here: https://altcoinbuzz.io/crypto-news/finance-and-funding/the-first-crypto-mba-program-from-south-korea/
- Bitcoin’s Popularity Continues to Grow in Turkey
Despite the bear market of 2018, trade volumes have risen over 37% since October 2018. The fact that the Turkish Lira has lost 20% of its value While Turkey isn’t a huge part of the world’s economy, the average citizen needs to be able to protect their wealth. In this digital age, where gold and silver are no longer used as day to day money and is harder to store, Bitcoin can potentially take some of that market space.
Read more about Bitcoin’s popularity in Turkey here: https://altcoinbuzz.io/crypto-news/finance-and-funding/bitcoins-popularity-continues-to-grow-in-turkey/
- Finally! Binance Confirms XRP Will Be Added As A Base Pair
XRP and TRX now have base pairs on Binance. Instead of having just ETH pairs, Binance has added an ALTS trading pairs section. This will help to decouple the price of altcoins and Bitcoin.
Read more about the Binance news release here: https://altcoinbuzz.io/crypto-news/finance-and-funding/finally-binance-confirms-xrp-will-be-added-as-a-base-pair/
“This was the NEWS” summary!
To begin, I hope everyone had a great Christmas and will have a great New Year. In the past week, Bitcoin has mostly traded between the $3,700 to the $3,800 price range. Not much has really changed the scope of the market and the price movement reflects that.
Having UFC partner with the Litecoin Foundation is the biggest news of the week. Millions of people watch UFC, and now there will be more publicity for Litecoin and cryptocurrency. The Litecoin Foundation is trying to do their part in helping with adoption and this is a big step.
In South Korea you can now get an MBA in crypto/blockchain studies. This is showing that the younger generations are interested in learning about this new technology. Pretty soon the younger generations who are more comfortable with technology will be the older generations with the power.
Turkey, and many other countries is going through something terrible with the devaluation of their currency, the Turkish Lira. At the end of the day, the people who get affected the most are the average everyday citizens of Turkey. They lose the value they have saved up because the country forces their citizens to transact only in Turkish Lira.
In reaction to this, Bitcoin volumes have risen 37% in the past few months. During that time period, the value of the Turkish Lira dropped about 20%. Bitcoin is easier to store than gold and silver and easier to transact with. Hopefully, Turkey can show how Bitcoin can help the world.
While it isn’t the XRP addition news that XRP fans were looking for, the news about Binance can help with the decoupling of altcoins and Bitcoin. That would be very beneficial in the long run for this space.