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BITCOIN PRIZE: A new alternate reality game called “Satoshi’s Treasure” has hidden the keys to $1 million-worth of bitcoin across the globe. Revealed exclusively to CoinDesk, the keys to a bitcoin wallet were divided into 1,000 fragments, and a minimum of 400 key fragments are needed to access the funds. The game itself has no rules. Players can collect and unravel clues any way they want, even selling leads if they desire. “Forget about the rules, just go goddamn play,” said Primitive Ventures co-founder Eric Meltzer, the game’s co-creator. Full Story
SEEKING FUNDING: Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio ConsenSys is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion. ConsenSys is reportedly pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this year. While previously bootstrapped by Lubin, after the price of ethereum plummeted last year, the firm re-organized and it became clear that partnerships with traditional, external investors were a priority. Full Story
NEW APPS: Cryptocurrency data provider CoinMarketCap has launched its first Android app and revamped its Apple iOS product. Notably, the new products offer features not yet available on CoinMarketCap’s website, including portfolio tracking, candlestick charts and side-by-side cryptocurrency comparisons, as well as price alerts and user accounts, the data provider said Tuesday. “We believe that our users will like the new style and the features we’ve added,” said the firm’s global head of marketing, Carylyne Chan. Full Story
ETORO EXPANDS: The blockchain subsidiary of social investing platform eToro has launched a cryptocurrency exchange. The new platform is being run by eToroX, which is regulated by the Gibraltar Financial Services Commission, the firm said Tuesday. Trading in six cryptocurrencies will be offered at launch, including bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and XRP. The firm is additionally issuing eToro-branded tokens pegged to eight fiat currencies, including the eToro United States dollar (USDEX), eToro Japanese yen (JPYX) and eToro Euro (EURX). More crypto and stablecoin additions are expected soon. Full Story |
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| DIP COMING? Bitcoin's bounce from Friday's low of $4,912 ended up creating a bearish outside reversal candle yesterday. The candlestick pattern validates the bull exhaustion signaled by last week's doji candle and indicates scope for a deeper pullback below $4,900. The short-term bearish case, however, would be invalidated if prices close today above $5,192. Full Story |
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BEST OF THE BEST
FRENCH FRAMEWORK: After bringing in a regulatory framework for cryptocurrencies last week, France is to push for rules to be adopted across the EU, Reuters reports.The new cryptocurrency bill will provide a licensing scheme for crypto firms and is aimed to encourage such firms to set up in France, while at the same time ensuring taxes will be paid on profits. Finance minister Bruno Le Maire said at a Paris blockchain event, “I will propose to my European partners that we set up a single regulatory framework on crypto-assets inspired by the French experience. Our model is the right one.”
THE REST
FUNDS ONBOARD: Ninety-four percent of endowment funds have some level of cryptocurrency investment, according to data cited in a Finance Magnates report. A late 2018 survey of 150 U.K., U.S. and Canada fund managers found that of those with a crypto stake, 54 percent had invested directly in digital assets, while the remainder had invested in funds backed by cryptos.
CRYPTO TRIPS: U.K.-based business travel management firm Corporate Traveller has teamed up with cryptocurrency payments provider BitPay to accept bitcoin and bitcoin cash payments for bookings. “We identified an increasing demand from our clients for the option to pay in bitcoin for business travel bookings,” said Andy Hegley, U.K. general manager at Corporate Traveller.
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WHO WON #CRYPTOTWITTER  |
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