• Skip to main content
  • Skip to primary sidebar

new block crypto

cryptocurrency education

  • start here
  • contact

March 3, 2017 By dpm

Weekly cryptocurrency news review: Bitcoin passes gold, enterprise ethereum, ICO speculation, Dash

Gold

Bitcoin continues its upward climb, enjoying several days of all-time high prices during the week. Yesterday, bitcoin reach price parity with gold for the first time. The highs are attributed, in part, to the pending decision from the SEC about a mainstream bitcoin ETF. Via Bloomberg

A chart showing the market value of bitcoin relative to gold. (Bloomberg)
A chart showing the market value of bitcoin relative to gold. (Bloomberg)
Enterprise ethereum

In another nod of mainstream acceptance, a consortium of major financial institutions has formed to investigate using ethereum’s blockchain in large-scale commercial financial transaction situations. The news caused a significant surge in ethereum’s price during the week and broke $20 yesterday. Via CryptoLab

ICO speculation

CoinDesk has a report out this week about the continued growth in initial coin offerings, or the birth of new cryptocurrencies. One takeaway is that the creation of new cryptocurrencies is still a huge portion of the overall blockchain industry. This from the report: “Most notably, perhaps, the popularity of ICOs continued to gain traction in 2016 as total funds diverted to such projects approached half (48%) of the industry’s total venture capital funding.” Via CoinDesk

Dash

While bitcoin and ethereum enjoyed a big week, the lesser-known cryptocurrency, Dash, also went on a tear, hitting $60 yesterday. The high mark was followed by a quick drop, and a lot of conversation about Dash and its relative value. Via CoinDesk

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to email this to a friend (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Related

Filed Under: project updates Tagged With: weekly roundup

Primary Sidebar

get the newsletter

get 'the hash' delivered straight to your inbox

* indicates required

Categories

  • blockchain
  • books, papers, and resources
  • crypto economics
  • cryptocurrency
  • project updates
  • use cases

Recent Posts

  • Cryptocurrency media and the battle against pump and dump
  • Why cryptocurrencies are here to stay and how crypto markets are like digital farmers’ markets
  • Blockchain: The buzzword
  • Strength, trust, and the ability to keep moving: Three things that will drive crypto to epic values
  • Zero-knowledge proofs and the future of digital privacy
My Tweets

Subscribe

RSS Feed RSS - Posts

© 2021 · new block crypto

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.