Another week, another of Crypto Tidbits. At long last, the Bitcoin price saw some bullish action this week, gaining some 10% over the past seven days according to Coin360.io. While BTC is trading 4% lower from its weekly highs, analysts are starting to believe that the trend for the cryptocurrency market is finally pointing upward again, with the 35% correction seen in July and August seemingly having ended.The fundamentals support the idea that the “bull is back on”, with there being a smattering of positive crypto and blockchain developments observed over the past week. They, along with some not so positive news events, are as follows.
Related Reading: Crypto Tidbits: Bakkt Bitcoin Custody, China’s Cryptocurrency On the Horizon, XRP In Hot WaterBitcoin & Crypto TidbitsBakkt Starts to Custody Bitcoin Ahead of Futures Launch: This week, Bakkt finally launched its Bitcoin custody product, giving institutions a way to securely store their BTC via the new platform. “Today our Warehouse opens for customer bitcoin deposits and withdrawals as we prepare for the Bakkt Bitcoin Daily & Monthly Futures, launching September 23. The availability of physical delivery brings more flexibility in managing bitcoin exposure,” the platform announced in a recent tweet.Ethereum Istanbul Testnet Integration Pushed Back: Sorry Ethereum fans, Istanbul hasn’t happened yet. The upgrade (or at least the testnet iteration), which is expected to bring the popular blockchain a number of improvements and changes, was recently pushed back by the core developer team. According to CoinDesk, Hudson Jameson, a community manager at the Ethereum Foundation, told developers in a call on Friday that Istanbul’s testnet activation date will be pushed to October 2nd from the original tentative September 4th date. According to the developers, the later date is due to an influx of Ethereum Improvement Protocols submitted for review for the upgrade.The post appeared first on NewsBTC
