Daily portfolio change: Monday February 26th 2018 + breaking news
Finally some fun. And extra funny that the bullrun started a few hours after my morning post where I said everything was ready to take flight. Some pretty big chuncks of Bitcoin were bought this afternoon.
Mobile payments app Circle acquires Poloniex for $400 million USD
This, and not my Steemit-post was probably the reason why the market reacted today. Circle is owned by no other than Goldman Sachs, which have been pretty crypto positive all the way, unlike JP Morgan.
“We also look forward to scaling Poloniex up and out through market expansion and localization, increasing token listings where possible and appropriate, and exploring the fiat USD, EUR, and GBP connectivity that Circle already brings to its compliant Pay, Trade, and Invest products.”
This is obviously extremely bullish, and it hammers the last nail in the coffin for those who doubt the future of cryptos. I mention in my post earlier today as well, that A norwegian platform builder is building a crypto platform for hedge funds across the world (small scale, 20+ billion USD in turnover, but still)
Today
We welcome Salt into the top 12!
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Smart move on their part. If you can't beat them, buy them! Here come the big banksters to the crypto party!
I think they are!
I feel like people are making this purchase of Poloniex to be more than it is. Circle is owned by Goldman Sachs, but to Goldman Sachs Circle is likely just a drop in the bucket. This doesn’t necessarily mean Goldman Sachs is bullish on crypto it just means they’re fine with a company they own investing in it.
Possibly. But it's a good indicator of what's to come :) And what there will be more of.
True
No Steem or Steem Dollars on your chart? :)
Nah..I don't want to give away my crypto net worth :) It's not that big though. Just don't like the idea that people know how much/little I have.
Right, I didn't think about this. Smart move :)
I had an email from poloniex earlier on today words used where joining forces and such more indicating to a merge than a buyout.
And sorry its the ex english teacher in me you missed I in acquire right at top under poloniex logo :)
Thanks! The spell check thing doesn't work anymore..Haven't received any email myself though. Yeah, they will probably continue more or less like before.
I was reading that news, and I was wondering who Circle was. It said they were partnering with them, I had no idea they were being bought out!
Well, that should be good news for crypto that a big firm is willing to bet on it.
The news about Poloniex was probably more important for the markets, but keep writing posts on Bitcoin going to the moon - just to be sure!
Yeah, I'll do that ever day!
$400 million USD!!!
It's a Big Deal!!!
Similar to the portion that someone bought in Bitcoin just a couple a weeks ago.
Things that make you go, hmmm?
Ahh..hmmm.
I'm genuinely surprised that Poloniex was only bought for $400 million. I understand that's a large sum of money--but that being said, Polo is one of the godfathers of Crypto Exchanges and definitely a Top 5 exchange when it comes to volume. I would have imagined around $1billion+
Poloniex is turning into Mt. Gox redux.
One of the godfathers yes, but also recently the most crappy one...of the big ones. I prefer Bittrex, Binance and Bitfinex and HitBTC over Polo.
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