The daily trading volume of Bitcoin remains at $ 35 billion

Bitcoin back below $ 10,000 – daily trading volume stays at $ 35 billion

Bitcoin’s evolution over $ 10,000 was short-lived – cryptocurrency fell to $ 9800 over the course of Monday. However, analysts are still optimistic that in the medium term, the BTC will maintain its upward trend.

Bitcoin ended Monday with a loss of 3.18 percent, the second-largest daily drop in 2020. Earlier, cryptocurrency posted a 3.2% correction on January 23, according to Bitcoin Price CoinDesk .

Bulls seem to still have a strong market position, given that the volume of Bitcoin trading daily stands at over $ 35 billion.

The Plan B analyst, for example, claims that the price of Bitcoin will not fall below the $ 8,000 threshold and that it will be worth over $ 10,000 before halving.

*** Update: my 2 sats on #bitcoin price:
– 2020: btc stays above $ 8200 (so we are NOT dropping to $ 6k or $ 4k levels that others are predicting now)
– May 2020 halving: will be above $ 10k
– 2021: bull run starts after the halving and tops $ 100k before Dec 2021#NotFinancialAdvice https://t.co/Zkkma4ZBSd

– PlanB (@ 100trillionUSD) February 10, 2020

Possible Consensys-Quorum merger

Reuters news agency reported that investment giant JPMorgan is in talks to merge its blockchain unit Quorum with ethereum development firm ConsenSys.

Reuters reported the news on Tuesday, citing “people familiar with the plans.” The agreement could be officially announced in the next six months.

JPMorgan’s Quorum team has about 25 people and it’s unclear if ConsenSys will join after the merger.

Mercedes-Benz, blockchain project for monitoring CO2 emissions

German carmaker Mercedes-Benz has announced a new blockchain pilot project in collaboration with British company Circulor. It aims to monitor carbon dioxide emissions and the amount of secondary material used by battery cell manufacturers.

Mecedes-Benz plans to have a fleet of CO2-neutral cars in less than 20 years.

Markus Schäfer, a member of the board of directors of Daimler AG and Mercedes-Benz AG, said:

“We are the first manufacturer to use blockchain technology to map CO2 emissions into the global battery cell supply chain. In this regard, we establish the cornerstone for effective improvements – for the environment and for our businesses. “

12,000 Bitcoin from PlusToken has been moved again

Over 12,000 bitcoins (currently worth over $ 117 million), associated with the Ponzi PlusToken scheme, have been transferred to two new blockchain addresses. The information was published by Chiachih Wu, vice president of research at Chinese blockchain security firm PeckShield.

The first address contains over 11,999 bitcoins, and the second address contains over 424 bitcoins.

Wu said the new addresses look like “cold wallets”. Cold storage refers to keeping private keys on a hardware device, disconnected from the Internet.

The PlusToken scheme is suspected to be one of the largest crypto exit scams in history. According to blockchain analytics firm CipherTrace, it has accumulated nearly $ 2.9 billion from about 4 million users.

Six suspects affiliated with PlusToken were arrested last year, but the main operators of the scheme are still free.