Top 5 Crypto Performers Overview: Litecoin, Binance Coin, Ripple, Bitcoin, Tron
Although Bitcoin (BTC) has managed to maintain its dominance throughout the bear market, we are seeing some major cryptocurrencies outperform it. This shows that the market has started to favor some coins and disregard the others.
We believe that some cryptocurrencies might bottom out even before Bitcoin does. Due to that, it is necessary to be selective about coins if one wants to reap the benefits. Source: Cointelegraph
Bitcoin Hovers Over the $3,450 Mark as Top Cryptos See Slight Losses
Sunday, Feb. 3 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data. At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,594, the price at which Bitcoin started the week. Source:Cointelegraph
Fidelity Says Its Crypto Trading and Storage Platform Is in ‘Final Testing’
Financial services provider Fidelity, which has some $7.2 trillion in client assets under management, said Thursday that its anticipated crypto trading and custody platform is in its “final testing” phase.
The company noted in a blog post late Thursday that it had on-boarded “a select set of eligible clients” already, while it worked on building Fidelity Digital Asset Services (FDAS). Fidelity first announced it would be launching a digital asset service last October.
At present, the company is working with auditors to polish its existing policies and procedures, as well as “to set new benchmarks for this aspect of cryptographic and blockchain-based finance.” Source: Coindesk
Binance CEO: Crypto Cheaper, Faster & Easier Than Legacy Digital Payments
Crypto, Bitcoin (BTC) included, is slow, expensive, and hard to integrate, cry this industry’s skeptics. While this argument has gained traction in recent years, especially as blockchains struggled to keep up with the transactional demand seen in late-2017, some aren’t all too convinced.
In a recent tweet, Changpeng “CZ” Zhao of Binance explained why he believes it is economically, logistically, and socially logical for Internet-centric retailers and entrepreneurs to accept cryptocurrencies, whether it be BTC, Ether, or otherwise, as a bonafide payment method. Source: Newsbtc.com