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Forbes Bullish on Five Crypto Standouts, Plus Bitcoin, Ripple and XRP, Ethereum, Tron, Litecoin, Cardano: Crypto News Flash
From a big shoutout for five crypto companies to the incredible price jump of Tron’s BitTorrent Token, here’s a look at some of the stories breaking in the world of crypto.
Crypto Accolades
Forbes just released its annual list of the 50 most innovative fintech companies of 2019, which includes five crypto-related companies. Crypto exchanges Coinbase, Circle and Gemini are featured, along with the cross-border payments company Ripple and the Bitcoin mining company Bitfury.
Aside from the five crypto-centric companies, a sixth blockchain-based startup is on the list. The enterprise blockchain company Axoni plans to use smart contracts to power some of the largest derivatives markets on the globe.
You can check out the full list here.
Bitcoin
VanEck’s digital asset strategies director Gabor Gurbacs says the public deserves to have the SEC approve the firm’s Bitcoin ETF proposal. Gurbacs took to Twitter to outline six reasons why he believes the time is right.
On Thursday, Cboe resubmitted the VanEck/SolidX Bitcoin ETF proposal to the SEC after pulling it during the recent government shutdown.
I believe, a #Bitcoin #ETF serves the public interest via:
+ Increased liquidity using the ETF ecosystem
+ Lower counter-party risk
+ Better valuation & execution practices
+ Separation of duties: trading, custody, valuation
+ Transparent fees
+ Established compliance framework pic.twitter.com/OB0XUZeJ1O
— Gabor Gurbacs (@gaborgurbacs) February 3, 2019
XRP
Seeking Alpha just released its February outlook for XRP, which pegs the digital asset at a consolidation zone near $0.33 per coin.
You can check out the full report here.
Ethereum
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 FunFair, Wrapped BTC and Zilliqa.
Litecoin
The Litecoin Foundation is continuing its push to get the word out about the sixth largest cryptocurrency.
The Foundation says it’s sponsoring the Mammoth Film Festival, a five-day event featuring independent features and shorts at Mammoth Lakes, California, from February 7-11.
Excited to sponsor the Mammoth Film Festival this week! A great opportunity to educate the people who bring new ideas & visions to the world on Litecoin!????Read more: https://t.co/DiAH1eYbXq@TannerBeard @alexandrachando @MammothFF@SatoshiLite @CommonEnemyInc @ClothingWhale pic.twitter.com/0ZCMu9y3AV
— Litecoin Foundation ?? (@LTCFoundation) February 4, 2019
Tron
Tron’s BitTorrent Token (BTT) has registered a stunning 807% price increase since its ICO.
Binance Launchpad distributed BTT at a price of $0.00012 per token, in a sale that lasted about 14 minutes on January 31. The coin is now worth $0.001069 and is up more than 50% today alone. Its 24-hour trading volume has risen to $513 million from $177 million on Thursday, according to the latest data on CoinMarketCap
Cardano
Cardano founder Charles Hoskinson has joined the predictive analytics company Endor as a senior advisor, according to CoinTelegraph.
The company is working to become the “Google for predictive analytics” and create a platform that lets users ask questions about the future.