As bitcoin pushed the upper limits of the $3,000 range this week, headlines came in regarding negative bitcoin exchange-traded fund (ETF) comments, Jack Dorsey recruiting, and more.
Catch the details from the past few days:
Bitcoin rejects off $4,000 zone of resistance
Bitcoin tested the $4,000 range this week, seeing rejection. Crypto’s largest asset has faced multiple instances of difficulty from the lower $4,000 range of resistance since its December price bottom.
Bitcoin’s chart also continued in its path of a bullish 50 and 100-day moving average (MA) crossover. Although, a fakeout and subsequent cross back down is still possible.
GreenAddress mobile wallet becomes Blockstream Green
This week, Crypto Insider reported on news of a revamped crypto wallet. Known as Blockstream Green, the remodeled, rebranded mobile wallet makes “use of a new development kit, and adds new features such as multisig two-factor authentication for greater security and hardware wallet support,” Crypto Insider noted.
The wallet is available for Android and iOS mobile users, although the Android version reportedly includes greater functionality currently, with additional iOS features anticipated in the future.
SEC receives adverse feedback on the prospect of a bitcoin ETF
The U.S. Security and Exchange Commission currently must decide on two separate bitcoin exchange-traded fund (ETF) products in the coming days. The Chicago Board Options Exchange (CBOE) listing rule change for the VanEck-SolidX bitcoin ETF, and the Bitwise Asset Management bitcoin ETF both wait on SEC approval.
Regarding the VanEck-SolidX product, the SEC posted seven different official comments (as of the time the article was written) on its website with February and March dates. The majority of comments lobbied against approval of the mentioned bitcoin ETF in question.
Jack Dorsey is hiring 4 Bitcoin developers and 1 designer at Square Crypto
Jack Dorsey, CEO of Twitter and
Square, is on the hunt for three to four crypto engineers and one designer “to work for Bitcoin open-source projects” under Square Crypto.
Crypto Insider reported this movement from Dorsey indicates “he acknowledges the years of open-source development that he has taken for granted with his business ventures, and seeks to extend this work by further financing it.”
In terms of bitcoin and open source methods, we noted Jack Dorsey is taking an opposite approach to that of Mark Zuckerberg with Facebook’s upcoming asset. This movement is potentially a step in the right direction for mainstream adoption.
Inexption and UPS join up to deliver end-to-end blockchain solution
Another sizeable name recently announced blockchain association. UPS will collaborate with Inexption to seemingly supply B2B e-commerce sellers with a one-stop-shop type of solution, as detailed in a
press release.
Inexption employs a blockchain-based solution for added security and privacy, as well as providing multiple other features. UPS brings delivery and transportation, fitting well in the equation.
The collaboration between UPS and Inexption “allows sellers to see and track the whole supply chain process, with confidence in a proven shipping giant like UPS,” Crypto Insider explained.
 comments, Twitter CEO Jack Dorsey’s recruiting and more. Get the details!){kind=link}