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!
- Bitcoin Will Rocket Higher in 2019 says Fundstrat’s Tom Lee
According to Tom Lee, Head of Research at Fundstrat Global Advisors, the price of Bitcoin will rocket back up in 2019. His main reasons are that pension funds may start investing in Bitcoin this year, JP Morgan has launched their own currency, Facebook is looking to launch its own currency, Fidelity has launched a digital custody platform, and Bakkt is launching an exchange. Regardless of how wrong he was in 2018, he makes some very valid objective points to back up his 2019 predictions.
Read more about Tom Lee’s predictions here: https://www.altcoinbuzz.io/crypto-news/spotlight/bitcoin-will-rocket-higher-in-2019-says-fundstrats-tom-lee/
- Facebook’s Coin Might Be a Cash Cow, Says Analyst
Facebook is apparently developing its own “cryptocurrency.” If true this could add billions of dollars for the company, according to Ross Sandler, Analyst at Barclays. This “cryptocurrency” would be potentially used by users on Facebook, Instagram, and WhatsApp. More importantly, the publicity it would bring to the cryptocurrency space would be huge and could likely help turn around the current bearish sentiment.
Read more about Facebook’s Coin here: https://www.altcoinbuzz.io/crypto-news/finance-and-funding/facebooks-coin-might-be-a-cash-cow-says-analyst/
- Dash Surges by 12% after PolisPay & Equicex debit card integration
PolisPay has announced debit card integration with DASH along with Equicex integrating DASH into their debit card and exchange platform. Through these two partnerships, over 4,800 global merchants will now be able to accept the cryptocurrency as payment. DASH continues to drive adoption gaining more and more merchants as they go.
Read more about Dash’s debit cards here: https://www.altcoinbuzz.io/crypto-news/product-release/dash-surges-by-12-after-polispay-equicex-debit-card-integration/
- 26 Million Developers Can Now Integrate Blockchain using the Enjin Platform
Enjin’s long-awaited Blockchain Software Development Kit (SDK) for Unity has finally launched. The SDK allows for over 4.5 million Unity game developers to create, integrate, and manage blockchain assets. The concept of owning in-game items that can be transferred between games is both new and extremely exciting and enjin allows this to happen.
Read more about Enjin’s SDK and platform here: https://www.altcoinbuzz.io/crypto-news/product-release/26-million-developers-can-now-integrate-blockchain-using-the-enjin-platform/
“This was the NEWS” summary!
Objectively speaking there is a lot of big and important news floating around. It seems that institutions are actually getting into the space now. Instead of talk, there is actual action. Fidelity, JP Morgan, Bakkt, Starbucks, and Microsoft have entered crypto and Facebook seems to be on the horizon.
ENJ has rocketed in the past few weeks mostly due to the integration of their wallet on the new Samsung Galaxy S10 but Unity is one of the largest game developers in the world and that relationship they have together should not be overlooked.
While I am always skeptical of the mainstream media, especially with people who have skin in the game, to an extent I agree with Tom Lee. I think 2019 is shaping up to be a very important time for the future of cryptocurrency. Whether positive price action follows remains to be seen but there is a lot going on.