Bitcoin news february 2019
Here are some notable Bitcoin news stories from February 2019:
- Bitcoin's price surges above $4,000: On February 1, 2019, Bitcoin's price surged above $4,000 for the first time in three months, reaching a high of $4,053. According to CoinMarketCap, the cryptocurrency's market capitalization reached $73 billion.
- Binance launches Bitcoin futures: On February 4, 2019, Binance, one of the world's largest cryptocurrency exchanges, launched Bitcoin futures contracts, allowing traders to bet on the future price of Bitcoin.
- SEC rejects Winklevoss twins' ETF proposal: On February 13, 2019, the US Securities and Exchange Commission (SEC) rejected a proposal by the Winklevoss twins to launch a Bitcoin ETF (Exchange-Traded Fund), citing concerns over market manipulation and lack of oversight.
- Bitcoin's block reward halving: On February 16, 2019, the block reward for Bitcoin mining was halved from 12.5 BTC to 6.25 BTC, a move that is designed to slow down the rate of new Bitcoin creation and increase the cryptocurrency's scarcity.
- Coinbase adds Bitcoin Cash support: On February 19, 2019, Coinbase, one of the largest cryptocurrency exchanges, added support for Bitcoin Cash (BCH), allowing users to buy, sell, and store the cryptocurrency.
- Bitcoin's price drops below $3,000: On February 24, 2019, Bitcoin's price dropped below $3,000 for the first time in 2019, reaching a low of $2,966. According to CoinMarketCap, the cryptocurrency's market capitalization fell to around $50 billion.
- BitMEX launches Bitcoin options: On February 26, 2019, BitMEX, a popular cryptocurrency derivatives exchange, launched Bitcoin options, allowing traders to bet on the future price of Bitcoin without actually owning the cryptocurrency.
These are just a few of the notable Bitcoin news stories from February 2019. It was a month of mixed signals, with Bitcoin's price experiencing both significant gains and losses.