Bitcoin, LiteCoin, Ethereum and Ripple Prices to Soar in Cryptocurrency Boom During 2018, Experts Predict (Metro.co.uk)
A group of 13 experts have suggested Bitcoin will be the best performing of all cryptocurrencies this year and could shoot up to a value of $14,928 by March 1 and hit $43,472 by the year’s end – more than four times the $9,200 it’s currently worth. To make this prediction, the price comparison website finder.com assembled a council of 13 crypto-experts, including financial technology entrepreneurs, Bitcoin investors and financial analysts. The group said Ethereum would experience huge growth, surging by almost 200% this year.
Western Union Says It’s Testing Transactions With Ripple (Bloomberg)
Western Union’s long-rumored relationship with Ripple is turning out to be real. After more than a month of speculation, the money transfer company said it’s evaluating blockchain technology and is testing transactions with Ripple, the San Francisco-based startup behind the cryptocurrency of the same name. “We are looking especially in the processing settlement and working capital optimization, also in the regulation part, on the compliance part on the blockchain capabilities,” Western Union Chief Executive Officer Hikmet Ersek said on a conference call after the company reported results Tuesday. “And we do test, we do have some tests with Ripple.”
Litecoin Price Surges On News Of LTC-Fiat Payment Service And ‘Scam’ Hard Fork (CoinTelegraph.com)
Litecoin (LTC) outperformed all major cryptocurrency assets Wednesday, Feb. 14, jumping over 30 percent against the US dollar on combined LTC payment service and hard fork news. Having announced its intention to create a merchant solution for Litecoin similar to BitPay for Bitcoin in late 2017, a company called LitePay announced Monday, Feb. 12, that it would release the service on Feb. 26. “We started because the people asked (BitPay) to accept LTC. They wouldn’t, so we took the challenge,” the project explained in their tweet Monday.
Bitzumi Launches First Cryptocurrency and Blockchain Related Reg A+ Investment Opportunity (PRNewswire.com)
NEW YORK, Feb. 14, 2018 /PRNewswire/ — Bitzumi, Inc. (“Bitzumi” or the “Company”), a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace, today announced it will launch its Regulation A+ offering at 12 p.m. EST on www.bitzumicorp.com, allowing any investor the opportunity to own stock in the Company. With the goal of raising $10 million USD, Bitzumi is offering 4,000,000 shares at $2.50 USD per share. The Company has filed a listing application with the NASDAQ Stock Market to list its common stock. Bitzumi also announced that it has entered into a strategic joint venture transaction with Acacia Research Corporation (NASDAQ: ACTG), which included an initial $1 million equity investment in Bitzumi.
Bitcoin ETFs “Holy Grail” for Investors – JPMorgan Note (Cryptovest.com)
We have already witnessed the launch of futures contracts based on the price of Bitcoin, but there has been virtually no development where other crypto-related financial instruments are concerned. The argument for Bitcoin exchange-traded funds (ETFs) just got a serious boost as JPMorgan called such a release a “holy grail” for investors. In a note dispatched to clients, the bank argued that ETFs would make investments in Bitcoin more accessible. “Investors need wallets to trade the physical Bitcoins today, making it hard to access. ETFs are frequently traded and highly accessible via investors’ brokerage accounts,” the Wall Street behemoth wrote.