Here you can find an overview of the most important events that took place during the last day in the cryptoworld.
Crypto market still did not recover from the last downturn. Bitcoin is currently trying to keep the $ 9,600 threshold, and fluctuates in this band. Comments have been made that the last dump is due to the Fed, who sold the seized bitcoins at auction. Learn more in a separate article. Recent global macroeconomic results, affected by the coronavirus epidemic in Asia, have also not brought much optimism. Even the mood on the crypto markets is back in the area of fear.
You can monitor the current cryptocurrency prices – here.
Crypto exchanges, Banks
Ripple wants to build a bridge between XRP and ETH
Ripple says he is trying to build a financial bridge between XRP and Ethereum (ETH). The company has published a challenge for programmers who can try to link both cryptocurrencies on the Interledger Protocol (ILP). Introduced by Ripple at the end of 2015, ILP is designed to provide companies with an easy way to exchange currencies, including fiat and cryptocurrency assets.
Cardano´s hardfork OBFT went well and already got Binance support
The Cardano network update scheduled for February 20 was OK. It is an improved Ouroboros BFT consensus mechanism. Binance crypto exchange has already announced support for hardfork and has informed that no new token will be created during this time. It was the first of two planned hardforks.
IOTA urges owners of Trinity wallets to change their password
Last week, the IOTA Foundation shut down the Tangle network after hackers stole funds from at least ten high-value accounts. The Foundation soon revealed a vulnerability in the Trinity version of the desktop wallet and is now urging users of this wallet who opened it from December 17, 2019 to February 18, 2020 to take action to protect their tokens.
Trinity users – If you opened #Trinity between Dec 17th 2019 – Feb 18th 01.30 CET 2020, you will need to use the seed migration tool to protect your tokens. Further details about the tool and migration period soon. All updates at https://t.co/3blzUVGJTE or https://t.co/vbg93hQBiG— IOTA (@iotatoken) February 20, 2020
CME registered bitcoin futures for $ 1.1 billion in a single day
CME Bitcoin Futures reported one of its biggest $ 1.1 billion days on Tuesday, which could perhaps be seen as an indication that institutional interest in bitcoins is increasing. Technically, the highest daily volume of $ 1.3 billion occurred on May 13, just as the last bulls took over the markets.
Other positive signals are that the daily volumes of CME bitcoin futures continue to grow. In addition to this data, the number of transactions in excess of $ 100,000 also increased steadily over the course of 2020, which may indicate that institutional investors are trading large amounts of bitcoins.
Morgan Stanley bought E * Trade for $ 13 billion
Investment banking giant Morgan Stanley buys discount broker E * Trade Financial Corporation for $ 13 billion. According to a report by The Wall Street Journal, the store will be announced today. James Gorman, CEO Morgan Stanley, said the bank plans to overtake both Schwab and Fidelity, its two biggest competitors. E * Trade was reportedly prepared to offer trading with BTC and ETH, but no formal announcement has yet been made in this respect.
UpBit does not allow foreign clients to withdraw funds
Upbit South Korea´s crypto exchange started blocking withdrawals for its foreign users as early as December 2019. Initially, this was seen as a response to the hack that occurred, but it now seems that it may have something to do with the outstanding tax fine to tax collection agency. Holders of foreign accounts may have to wait for the tax authorities to officially decide whether they will be allowed access to their funds again. This could take a long time.
The UN is among the new additions to the Forbes list of top 50 blockchain companies
The newly released Forbes Blockchain 50 list lists some new entrants, such as the major international association, the United Nations. The new Blockchain 50 list, published on February 19, is the second edition of the annual Blockchain 50 list, which was first introduced in April 2019.
Like last year, this new compilation includes industrial giants like Amazon, Microsoft, JPMorgan, Google, as well as cryptocurrency companies like Bitfury, Coinbase and Ripple. About half of the companies on the list are also newcomers, including the United Nations, the second largest bank in the world, China Construction Bank, Russia’s National Settlement Office and Square, a mobile payment company founded by Twitter CEO Jack Dorsey.
[crypto coins=”BTC,XRP,MIOTA” columns=”3″]