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Cryptocurrency and Blockchain News
Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website describes its project as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.”
February is just starting and predictions for the market are just starting to appear. During the first month of the year, Bitcoin (BTC) moved from $3,750 down to $3,400 falling almost 10 percent. However, at the beginning of January, Bitcoin surpassed $4,000 for a short period of time. At the time of writing, Bitcoin is being traded close to $3,500 but without any signs of moving to one side or the other.
2019 will be the year companies when work together towards deriving a deeper potential that blockchain has to offer across industry applications, according to technology leaders.
The Biotech Electronic Security Token (BEST) aims to fund drug development through increased liquidity while offering value to investors.
Today, FastBitcoins.com has announced the launch of its cash-based bitcoin exchange, which includes Lightning Network integration. With this new exchange, users will be able to avoid touching the blockchain when they decide to buy or sell bitcoin for cash.
The cryptocurrency market might be underperforming in terms of prices, but the technology continues to evolve and become deeply integrated into the economy. This is especially true in smaller nations that see an opportunity to stake a claim in the new digital economy. The latest example of this can be seen in Belarus, whose largest bank is now reportedly considering setting up its own cryptocurrency exchange.