JP Morgan Closely Observing Bitcoin Derivative Markets – February 27

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $8,809

Bitcoin price has fallen through the $9,000 mark today, falling a further 4% from recent lows.

Top-20 altcoins are seeing mixed signals as Ethereum slides another 4% and XRP falls 2%. Tezos and Chainlink have recovered strongly, gaining 7% and 8%, respectively.

Top Stories for February 27, 2020 πŸ”₯

πŸ‘‰ JP Morgan Closely Observing Bitcoin Derivative Markets

The global research team at JP Morgan has released a 74-page report on cryptocurrency, including a section closely analyzing the Bitcoin derivatives market.

The report highlighted a “genuine demand” for Bitcoin trading products, mentioning the exchanges Deribit and Ledger X by name.

Some are surprised by the emergence of the report, with JP Morgan’s CEO famously calling Bitcoin a “fraud”.

πŸ‘‰ China’s Central Bank Digital Currency Delayed by Coronavirus

Reports out of China say that the country’s central bank digital currency may be delayed due to the coronavirus outbreak.

The virus has postponed the resumption of work after China’s holiday season for several government institutions, including the People’s Bank of China.

The currency, called DC/EP, is still planned to launch later this year.

πŸ‘‰ Steemit Removes Tron Foundation’s Pre-Mine Voting Rights

The 20 largest Steemit consensus witnesses have conducted a soft-fork, removing the voting rights of Steemit Inc’s pre-mined coins.

The move came just days after an announcement that the Tron Foundation had purchased the Steemit platform, and may present issues in migrating Steemit to the Tron network.