From a new report on Bitcoin and crypto market trends to a bidding war over Ripple partner Earthport, here’s a look at some of the stories breaking in the world of crypto.
Fundstrat co-founder and head of research Tom Lee says the firm has a positive outlook for Bitcoin and crypto throughout 2019.
The firm’s latest crypto report tracks macro, technical and fundamental reasons that are mostly positive for the year ahead.
CRYPTO: we see 9 incremental improvements in the landscape that ultimately support higher prices.
See below… pic.twitter.com/7DSrfVjkoi
— Thomas Lee (@fundstrat) February 8, 2019
Lee predicted a Bitcoin bull run last year that never materialized. On Wednesday, Fundstrat strategist Robert Sluymer wrote a note to clients saying if Bitcoin were to break below $3,100, that would imply further decline to $2,270 is in store. On the flip side, Bitcoin needs to break past $4,200 to signal a true turnaround.
Ripple and XRP
Visa and Mastercard are locked in a bidding war to purchase Ripple partner Earthport. Visa is the latest to up the ante, offering $319 million for the British cross-border payment company, Reuters reports.
Earthport partnered with Ripple in 2014 and has been rumored to be testing Ripple’s XRP-based xRapid for international payments, although there is no official confirmation.
The latest ConsenSys-sponsored Week in Ethereum blog post is out.
This week’s edition covers a long list of developer updates and news from the Ethereum-based platforms Kyber and Basic Attention Token.
Litecoin creator Charlie Lee says developers are doing what they can to boost the overall crypto market.