Important Bitcoin & Cryptocurrency Developments This Past Week

[CryptoBry]

Here is the summary of important developments that transpired this past week which one way or another made the market more exciting and pulsating with possibilities.


1. Bitcoin surges and breaks $7,000 and even made to the $7500 though it is settling back to around $7,000 for now.
2. Bitfinex launches $1B offering which raised the eyebrows of the many especially those doubting its viability.
3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.
4. Binance hacked for 7K BTC but the cryptocurrency community stood by it and is now emerging to be seemingly "unharmed".
4. Bitmain loses 88% hashing power
5. Fidelity trading coming soon
6. Microsoft deploys public ETHchain


Now, which of these developments will have a long-term impact on Bitcoin and the rest of the cryptocurrency marketplace?

[etherixdevs]

Here is the summary of important developments that transpired this past week which one way or another made the market more exciting and pulsating with possibilities.


1. Bitcoin surges and breaks $7,000 and even made to the $7500 though it is settling back to around $7,000 for now.
2. Bitfinex launches $1B offering which raised the eyebrows of the many especially those doubting its viability.
3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.
4. Binance hacked for 7K BTC but the cryptocurrency community stood by it and is now emerging to be seemingly "unharmed".
4. Bitmain loses 88% hashing power
5. Fidelity trading coming soon
6. Microsoft deploys public ETHchain


Now, which of these developments will have a long-term impact on Bitcoin and the rest of the cryptocurrency marketplace?

These, in my opinion, will impact long term

3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.
5. Fidelity trading coming soon
6. Microsoft deploys public ETHchain

Other info can keep the market under pressure and bullish but are like economic news in trading. They change and move the market up and down for some days but no medium-long period.

[Pursuer]

3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.

this is the worst thing that could have happened unless they have found a way to properly disallow scam advertisements since nearly all  of the ads on their platform regarding cryptocurrencies were advertising scams one way or another. from malicious software like fake wallets to ICO scams.

4. Bitmain loses 88% hashing power

any proof for this? I see the same percentages as before.

6. Microsoft deploys public ETHchain

I don't know what you mean by this but what Microsoft added was some functionality to write smart contracts in their Azure platform. there was no "chain"!

[kurcalas]

Here is the summary of important developments that transpired this past week which one way or another made the market more exciting and pulsating with possibilities.


1. Bitcoin surges and breaks $7,000 and even made to the $7500 though it is settling back to around $7,000 for now.
2. Bitfinex launches $1B offering which raised the eyebrows of the many especially those doubting its viability.
3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.
4. Binance hacked for 7K BTC but the cryptocurrency community stood by it and is now emerging to be seemingly "unharmed".
4. Bitmain loses 88% hashing power
5. Fidelity trading coming soon
6. Microsoft deploys public ETHchain


Now, which of these developments will have a long-term impact on Bitcoin and the rest of the cryptocurrency marketplace?

Despite the problems in Binance, I have difficulty understanding why Bitcoin's price has increased. Of course I'm satisfied with the ascent, but I'm not sure if it's sustainable.

[1Referee]

Despite the problems in Binance, I have difficulty understanding why Bitcoin's price has increased. Of course I'm satisfied with the ascent, but I'm not sure if it's sustainable.

More people have difficulties understanding why Bitcoin went up so hard. There is no logical explanation other than fomo with how every TA indicator has been oversold for quite a while now. Time will tell whether or not it's sustainable, but time could also tell what the reason for the current increase is.

If we see Bakkt be approved, or an ETF, or whatever other coin backed product, the increase we have seen to over $7000 was probably the result of institutions front running (i.e. insider trading) the actual event.

As for the Binance problems, this isn't a factor that worries the market at all. They have the funds needed to compensate people, and they enjoy the support of the major part of the participants in this market. According to Binance, tomorrow is very likely the day that people will be able to deposit and withdraw again.

[Ailmand]

4. Binance hacked for 7K BTC but the cryptocurrency community stood by it and is now emerging to be seemingly "unharmed".

This really surprised me. I really thought that the momentum of bitcoin price hike will stop due to the hack, but it didn't. A lot of people must have ignored it since there had been a lot of positive news and hype on the market. Also binance made sure that all the users fund is SAFU. Hope more important news will come which will help the market get more demand.

[Beerwizzard]

3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.

this is the worst thing that could have happened unless they have found a way to properly disallow scam advertisements since nearly all  of the ads on their platform regarding cryptocurrencies were advertising scams one way or another. from malicious software like fake wallets to ICO scams.

It seems to be their unofficial policy regarding crypto. There is a plenty of shady ponzi and MLM projects outside of the crypto space and generaly they are getting moderated on Facebook and Google ads. And at the same time dring the crypto boom no one gave a single fuck to moderate any crypto related ad. Not only scam projects but also phishing websites. Google and FB are world's top IT companies and they couldn't handle with phishing websites that simply added one extra letter to original name? Pff.. They knew what they were doing.

[BrewMaster]

Despite the problems in Binance, I have difficulty understanding why Bitcoin's price has increased. Of course I'm satisfied with the ascent, but I'm not sure if it's sustainable.

it is becasue you are not considering the fact that Binance has nothing to do with bitcoin price because only altcoins are being traded there. so even if it closed down today it still wouldn't change a thing in bitcoin market, bitcoin traders weren't there to begin with.

also you are not considering the fact that bitcoin price has been in an undervalued state for a long time and people were willing to buy it but were also greedy enough to wish for a lower price before they started buying. since that didn't happen they are now entering. otherwise without that greed they would have entered during the stable accumulation phase!

[XCANA]

6. Microsoft deploys public ETHchain

Now, which of these developments will have a long-term impact on Bitcoin and the rest of the cryptocurrency marketplace?

In my own opinion, for "Microsoft to deploys public ETHchain" will greatly have some positive impact on cryptocurrency marketplace, the wide use of Microsoft products will as well attract many new investors to invest in cryptocurrency. Bitcoin as the leading coin will boost it price due to availability of new investors that will be investing.

[Robust Crypto]

Here is the summary of important developments that transpired this past week which one way or another made the market more exciting and pulsating with possibilities.


1. Bitcoin surges and breaks $7,000 and even made to the $7500 though it is settling back to around $7,000 for now.
2. Bitfinex launches $1B offering which raised the eyebrows of the many especially those doubting its viability.
3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.
4. Binance hacked for 7K BTC but the cryptocurrency community stood by it and is now emerging to be seemingly "unharmed".
4. Bitmain loses 88% hashing power
5. Fidelity trading coming soon
6. Microsoft deploys public ETHchain


Now, which of these developments will have a long-term impact on Bitcoin and the rest of the cryptocurrency marketplace?

Cm on... I got no BTC....

[DdmrDdmr]

<…> 6. Microsoft deploys public ETHchain <…>

I guess you really meant on Bitcoin Blockchain, not on ETH (see Toward scalable decentralized identifier systems). The idea is to create a Decentralized ID running Bitcoin Blockchain as the underlying base for the proof of identity. Say the idea is to replace a centralized Id (such as FacebookId, usable on multiple sites) with a Decentralized Id running on Bitcoin Blockchain, which you control (for the good and bad). For the how’s, read the above referenced link, but even so the details are not all there.

[Haunebu]

Points 1 and 4 were the most important developments this week.

Bitcoin breaking the $6.4K psychological barrier and reaching close to $7.6K was something else and I am expecting it to stick that range for sometime.

The Binance hack having a relatively small effect on BTC value shows how resistant BTC has become over time towards such negative news.

[NeuroticFish]

There's another list in another thread, maybe OP could edit the original list, fix it (the Microsoft part) and enhance it (Bakkt, Starbucks, ..).
The price also got very close to 8000 on some exchanges, so the 7000 part may also need update, although the volatility is high.

Here's the list:

ps. we had 4 huge news today leading to this rise. 5 if you count the price rise and the FOMO itself:
1. Microsoft launching a tool on bitcoin blockchain
2. eBay supposedly planning to accept bitcoin
3. BAKKT announced futures
4. Starbucks, Nordstrom, whole foods now accept bitcoin payments

[Genemind]

As for me, it's the price strike and the $7million worth of Bitcoins being hacked in Binance. These two has been circulating around the crypto world.
It will be part of history. It's just a good thing that Bitcoin has been resistant despite facing a lot of controversies.
There are still issues to come which may affect Bitcoin either positively or negatively.

[akamit]

3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.

this is the worst thing that could have happened unless they have found a way to properly disallow scam advertisements since nearly all of the ads on their platform regarding cryptocurrencies were advertising scams one way or another. from malicious software like fake wallets to ICO scams.

This is what I was wondering yesterday and wrote about this in another thread.
Facebook really needs a way to reduce the scam project(s) advertisement at least or maybe a permanent cure, they need to gain the ability to identify crypto scams.

Maybe they can educate themselves by spending some time here on bitcointalk. Some members of bitcointalk are doing great work regarding the issue.

As for me, it's the price strike and the $7million worth of Bitcoins being hacked in Binance.

The amount is 7000 BTC equivalent to $40 million if I'm not wrong.

[monalia]

2000+ USD value passed above for 1 bitcoin in this month alone. This is how 2017 year's bull run also started and many people utilize the market and made money. Some set of people sold the bitcoins in the raising time itself and missed at the peak value.

Now we guys must know the current trend and make use of it. Everyone just go and hold the BTC you can this next halving day.

[Alpinat]

I think the best here that can impact bitcoin later is number #3 which facebook reverses their crypto ban ads and they are allowing it again. This can be the long waited changes to improve the value of bitcoin and other cryptocurrencies.

[JeBro]

Here is the summary of important developments that transpired this past week which one way or another made the market more exciting and pulsating with possibilities.


1. Bitcoin surges and breaks $7,000 and even made to the $7500 though it is settling back to around $7,000 for now.
2. Bitfinex launches $1B offering which raised the eyebrows of the many especially those doubting its viability.
3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.
4. Binance hacked for 7K BTC but the cryptocurrency community stood by it and is now emerging to be seemingly "unharmed".
4. Bitmain loses 88% hashing power
5. Fidelity trading coming soon
6. Microsoft deploys public ETHchain


Now, which of these developments will have a long-term impact on Bitcoin and the rest of the cryptocurrency marketplace?

In addition to these factors, it is necessary to note the news about the start of the bitcoin futures test trading on the BAKKT platform, which is scheduled for July of this year. Then, a joint project of Gemini and Flexa for accepting cryptocurrency as a means of payment by the largest American retailers, such as Nordstrom. All this will push Bitcoin and the cryptocurrency market very high.

[guoyu78]

[im g]https://pbs.twimg.com/media/D6boyxvVUAASQuO.jpg[/img]

Here is the summary of important developments that transpired this past week which one way or another made the market more exciting and pulsating with possibilities.


1. Bitcoin surges and breaks $7,000 and even made to the $7500 though it is settling back to around $7,000 for now.
2. Bitfinex launches $1B offering which raised the eyebrows of the many especially those doubting its viability.
3. Facebook reverses crypto ban which is actually expected by the many as this industry can be a good source of revenues too.
4. Binance hacked for 7K BTC but the cryptocurrency community stood by it and is now emerging to be seemingly "unharmed".
4. Bitmain loses 88% hashing power
5. Fidelity trading coming soon
6. Microsoft deploys public ETHchain


Now, which of these developments will have a long-term impact on Bitcoin and the rest of the cryptocurrency marketplace?

Cryptocurrencies have started showing us immense growth few weeks ago. The price for bitcoins is crossing each higher limits which is making bitcoins more viable and public able. There might be some more exciting news which could make the price for bitcoins go to moon and also many of the peoples might now be attracted towards bitcoins or any other cryptocurrency as each major coin has started showing us some growth including Bitcoin cash, Etherum, ripple, stellar, etc. Those coins would have a good pump and might get stable onto a good peak so investing into most of such coins for now can be proven much beneficial.

[OrangeSeller]

I think the best here that can impact bitcoin later is number #3 which facebook reverses their crypto ban ads and they are allowing it again. This can be the long waited changes to improve the value of bitcoin and other cryptocurrencies.

Actually social media has been proven the most efficient way of marketing and if we can now see facebook and google lifting the ban for crypto promotions then this might mean that a lot of new peoples would come to know about the cryptocurrencies on various platforms and also the number of individuals who are willing to invest into the cryptocurrencies will include which will hike up the price. This will really be a game changing decision for most of the peoples as we can already see bitcoins hitting the high markets and on better promotion, we all can predict the successfully future of bitcoins as well as other coins.