Crypto News of the Day (18.2.) | Peter Schiff: Bitcoins are not money, but yes, they can grow and have value • and other news
3 min readTable of Contents
Here you can find an overview of the most important events that took place during the last day in the cryptoworld.
Markets
Bitcoin is currently above $ 9,700, but altcoins are recovering and starting to grow again. Some even very significantly, even caught up with the previous slump. Bitcoin’s dominance thus dropped to its long-term lowest level, 62.4% and continues to decline.
You can monitor the current cryptocurrency prices – here.
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Cryptocurrency
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Crypto exchanges, Banks
- Binance launches cloud platform
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Blockchain, Technology
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Peter Schiff: Bitcoins are not money, but yes they can grow
Peter Schiff is a popular economist, financial broker and acclaimed author. It is also a well-known “nocoiner” that has been lynching bitcoins for some time. In one of his recent tweets, however, he admitted something, saying that bitcoins can actually increase their value, even though they did not fulfill their purpose as money.
I concede that anyone who bought #Bitcoin 10 years ago and sells it today will make a lot of money. But I never said the price of Bitcoin could not rise. I only said that Bitcoin would never succeed as money. Nothing that has happened over the past 10 years has proven me wrong!
— Peter Schiff (@PeterSchiff) February 17, 2020
The new fraud scheme targets advertisers on Google, collecting ransom at BTC
Publishers using the Google AdSense advertising service say they have received bitcoin request emails. Apparently, scammers are attempting a new type of scam to publishers by threatening to flood banner ads with inappropriate content until Google’s automatic algorithm suspends their account
The AdSense traffic ranking algorithms detect such web traffic as fraudulent very quickly, ”they say in fraudulent emails. The email then requires $ 5,000 bitcoins to prevent the attack.
Binance has problems with service outages with increasing client base
The Binance crypto exchange has failed to handle the influx of users this week due to rising bitcoin prices, and thus suffers from “a number of performance problems,” Changpeng Zhao, CEO of Binance, said today. Over the past few weeks, the price of bitcoins has been around $ 10,000, the highest since September. Result? Flow of activity: During the weekend of performance problems, daily trading volume peaked at $ 50 billion.
Binance launches cloud platform
The Binance crypto exchange announced on its official website the launch of a cloud system called the Binance Cloud. Binance Cloud is an infrastructure customized for Binance customers. Cloud-based customers will have access to Binance’s liquidity and technology systems to ensure customer safety.
The cloud solution will also reflect the main features of the global Binance Crypto Exchange, such as business risk control, large data security, and the Binance customization module.
Telkom giants in the EU try blockchain for roaming discounts
A group of four international telecommunications companies are currently testing a blockchain-based solution to automate the management of roaming discounts between operators. According to a report published on February 17 by Mobile Europe, Deutsche Telekom, T-Mobile USA, Telefonica and Orange, the solution says it significantly reduces the complexity of the current system and is ready.
The new solution recasts a process that has not changed in many years and involves developing, signing and manually implementing preferential roaming agreements. Automating this workflow speeds up and streamlines the process. The use of blockchain means that the terms of the agreement cannot be subsequently amended.
