The American venture capital investor, Tim Draper has said that even though we are currently undergoing the crypto winter, that isn’t a reason to lose hope as he believes the time of fiat currencies will end in five years. Even when the cryptocurrency market is still going under a lot of pressure from the bear trend, there is still a lot of active supporters of the industry who have strong hopes that there is a bright future ahead for the market. Some of the bravest ideas have come from the billionaire investor, Tim Draper. Only Criminals will use Fiat Draper recently sat down in a interview where he claimed that cryptocurrency would become the mainstream across the globe and that only criminals will use fiat currencies. The venture capital investor has always been very bullish when it comes to his predictions. More so than a lot of many well-known crypto enthusiasts such as the Winklevoss twins and the CEO of Coinbase Brian Armstrong. Draper is a firm believer that Bitcoin has the capabilities to change the world but he also believes that the crypto market as a whole has this possibility. In the past, Draper has expressed his idea that in fiat would lost its dominant status in just five years time. Despite all the continuous market trends, Bitcoin would recover with a full transition to cryptocurrency occurring. Back in November, Draper said “down the road, when we can easily spend, or invest, or do whatever we want with cryptocurrencies—they’re…
Source: Bitcoin In, Fiat Out? Tim Drapers Brave Prediction On Fiat Currencies

Ethereum Price Analysis Ethereum price continues to surge higher after increasing by 7.66% over the previous 24 hour trading… The post Ethereum (ETH) Continues to Fly After Surging 23% in 7 Days — How High Can the Thrust Take Us? appeared first on Invest In Blockchain.
Source: Ethereum (ETH) Continues to Fly After Surging 23% in 7 Days — How High Can the Thrust Take Us?

The government of India has inaugurated a national cyber forensics lab which includes a cryptocurrency forensic lab to perform crypto-related analyses. Alongside this is the inauguration of the Delhi Police’s cybercrime unit which will deal with fraud involving cryptocurrencies. It is the first cybercrime awareness and detection center in the country, according to a commissioner. Also read: Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation Indian Government’s Crypto Forensic Lab India’s Union Home Minister Rajnath Singh inaugurated a national cyber forensic lab and the Delhi Police’s cybercrime unit called the Cyber Protection Awareness and Detection Center (Cypad) on Monday, The Hindu reported. Union Home Minister Rajnath Singh at the Cypad and national forensics lab inauguration event. “It is the first cybercrime awareness and detection centre opened in the country,” Delhi Police Commissioner Amulya Patnaik was quoted as saying. The national cyber forensic lab includes units such as a “memory forensics lab, image enhancement lab, network forensics lab, malware forensics lab, cryptocurrency forensics lab, damaged hard disk and advanced mobile forensics lab,” the publication wrote. Noting that the new lab will help officers detect cyberfraud, he elaborated: We are now equipped with technology to recover data from damaged hard disks, cryptocurrency analysis, malware forensic and data can be retrieved from 33,000 kinds of mobile models available in the market. Cyberexperts will train our staff. Cypad Will Deal With Crypto Fraud Both the Cypad and the national cyber forensic lab are located in the same complex in Dwarka’s Sector 16 C,…
Source: Indian Government Inaugurates National Crypto Forensic Lab

The Japanese e-commerce and internet company that is Rakuten is based in Tokyo, Japan and is one of the biggest platforms of its kind in the nation. In a new updated pushed by the platform, they look to be offering Bitcoin and cryptocurrency implementation sometime in the near future. Rakuten announced a massive update for its mobile app platform Rakuten Pay which is set to release later next month with the potential inclusion of cryptocurrency payments in conjunction with fiat. In the new updated version of the app, it will apparently include “all payment solutions embedded into one platform,” leaving many to wonder if this is an indirect course of announcing support for Bitcoin and some other big market cryptocurrencies. The e-commerce platform is commonly referred to as the ‘Japanese Amazon’ while the actual Amazon doesn’t seem to have done anything on the crypto front for the popular online store. Last month, Rakuten was reported to have shifted its corporate structure to make the companies cryptocurrency exchange Everybody’s Bitcoin into a new payments subsidiary. The exchange was bought out for $2.4 million in August 2018 and was claimed to be the first step for crypto payments on the e-commerce platform. Rakuten’s restructure is further proof that the giant is looking into cryptocurrency as a possible asset for payment in the future. On top of this, the report contains information about updates to the firm’s prepaid card service Rakuten Edy, which includes integration for QR codes. This is just another hint…
Source: Popular Japanese E-Commerce Platform To Soon Accept BTC

The cryptocurrency markets have enjoyed a day of significant bullish action, with only four of the top 80 crypto assets by capitalization posting a 24-hour loss as of this writing. ETH was the strongest performing leading market, comprising the only cryptocurrency in the top 25 by market cap to post a double-digit gain for the day. Also Read: Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs BCH and BTC Hold Above 2018 Lows After six weeks of sideways consolidation, many leading cryptocurrencies are testing local resistance areas after avoiding a retest of December’s lows. When measuring from December’s low to the peak of the immediately ensuing bounce play, bitcoin cash is currently testing resistance at the 0.618% Fibonacci retracement area (approximately $130) after establishing support at the 0.786% retracement zone (roughly $100). BCH/USD – Kraken – 1D BCH/BTC price is also testing resistance at the local 0.618% Fibonacci area after establishing support at 0.786%, with BCH currently trading for nearly 0.035 BTC. Bitcoin cash is the sixth largest cryptocurrency market with a capitalization of $2.31 billion and a dominance of 1.83%. BCH/BTC – Bittrex – 1D BTC has also posted a potential higher low after establishing support at the 0.786% retracement area. The bounce off the $3,400 area has seen BTC oscillate between the 0.618% and 0.5% retracement zones, with 1 BTC currently trading for roughly $3,700 on Bitstamp and $3,800 on Bitfinex. BTC/USD – Bitstamp – 1D Bitcoin core currently has a market cap of $65.8…
Source: Markets Update: Cryptocurrencies Bullish Following Possible Higher Lows

Support for BTC moving forward: $3,802, $3,664, $3,590, $3,569, $3,508, $3,467, $3,421. Resistance for BTC moving forward: $3,851, $3,882,… The post Bitcoin (BTC) Surges Above $3,800 to Create a Fresh February 2019 High — Are the Bears Finally Defeated? appeared first on Invest In Blockchain.
Source: Bitcoin (BTC) Surges Above ,800 to Create a Fresh February 2019 High — Are the Bears Finally Defeated?

The post Bitcoin News Summary – February 18, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds.  Morgan Creek Digital’s new crypto venture capital fund received investment from Virginian pension plans. The fund has raised $40 million, most of which for investment in promising crypto companies, though some portion will also be allocated to Bitcoin. A series of tweets by Wikileaks […]
Source: Bitcoin News Summary – February 18, 2019

In this edition of The Daily, we look at Liberstad’s progress toward building a libertarian community in Norway. The city has just issued its own digital coin. Also, crypto mining contracts have been classified as securities in the Canadian province of Quebec. And in Europe, Luxembourg has adopted a law that protects crypto traders and investors. Also read: Cryptocurrency Payments, Nvidia Losses, Suspended CFD Liberstad Issues Own Token Called City Coin Liberstad, Norway’s self-proclaimed private city, has adopted its own ‘city coin’ as the official currency and the only medium of exchange in the libertarian territory. The crypto is based on Liberstad’s smart city platform City Chain which utilizes blockchain technology to enable the design, implementation and use of services for the city’s inhabitants. A press release detailed: Whereas cities currently rely on public services operated by government entities, City Chain gives existing and emerging cities such as Liberstad the opportunity to build and offer services conducted on a private, internal and voluntary basis. City Chain hosts a number of features for emerging cities like Liberstad. One of them is City Hub, a dashboard for smart city inhabitants that citizens can access through a mobile app. It allows users to interact with the community, vote on or launch new initiatives, register property and contract insurance, among other options. The platform’s native token can already be traded. It’s available on the P2pb2b exchange and Liberstad’s own Block Exchange. According to its creators, city coin will be used to buy products and…
Source: In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law