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Crypto News from Coinzy - February 28, 2019 PM

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Here's Your Evening Crypto News for
February 28, 2019

Facebook Plans to Launch Cryptocurrency in First Half of 2019: NYT Report

That's the main finding from a New York Times story published Thursday on several efforts to introduce native cryptocurrencies to widely used messaging platforms. The Times reports that Signal and Telegram are also planning to roll out tokens over the next 12 months.

The Crypto Frenzy Is Creating A New Generation Of Investors In Asia

73% of new investors that joined eToro globally in 2017 and 2018 purchased crypto. Of these investors, 11% have since gone on to invest in other assets including stocks, commodities and forex, a trend particularly prominent among the younger generation with 44% of all of these diversifying aged between 25 and 34.

JP Morgan Is Quietly Testing Cutting-Edge Ethereum Privacy Tech

These proofs, which allow someone to prove a statement is true about a set of data without revealing the data itself, are seen as a solution to the privacy issues that have made regulated companies wary of using shared digital ledgers. Previously, JPMorgan did pioneering work in this area with Quorum, its private version of the ethereum blockchain. 

Bitcoin [BTC] worth $52 million bought on Cash App by customers in Q4 2018

The real-life adoption of cryptocurrencies within traditional companies has been the aim of many crypto proponents with some examples leading the way. Recent reports show that customers of Square bought $52 million worth of Bitcoin [BTC] on the Cash App in the fourth quarter of 2018.

EOS Price Analysis – February 28

EOS is still in a range-bound market in its medium-term outlook. Bullish pressure remains strong within its range despite a push from the bears. EOS' price dropped to $3.39 in the demand area, but closed as a bullish hammer before the end of yesterday's trading session.

Facebook Secretly Talking with Bitcoin Exchanges about Listing its WhatsApp Cryptocurrency

Facebook's blockchain team has made a significant amount of progress on its secretive cryptocurrency project since Bloomberg first reported that the company was building a dollar-pegged stablecoin. So much progress, in fact, that you may soon find the WhatsApp-focused cryptocurrency listed on a bitcoin exchange near you.

Tron Dethrones Ethereum In New Chinese Crypto Rankings

Tron made its first debut in the Ministry of Industry and Technology Development China's ranking and came close to the top of the list, displacing Ethereum and other cryptos except for EOS. Due to the troubling condition of the crypto market, which sent some cryptos prices rising and others falling in price, the CCID China took it upon themselves to evaluate the performance of 35 projects in the crypto sphere.

A Majority of Economists Believe the US is Headed for Recession in 2021

Days after the market euphoria over a ceasefire in the ongoing trade war between China and the U.S., a new study has suggested that things might not really be so rosy for the U.S. economy moving forward.
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