Crypto News of the Day (25.2.) | YouTube launches another round of cryptovideo cleanups • Draper: change of paradigm fires Bitcoin up • and more
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
Traditional financial markets plummeted after the announcement of the spread of coronavirus in Italy and this time the prices of Bitcoin and Altcoins fell. At the same time, the quarantine of many millions of people in China continues and this leads to further outages of subcontractings. Bitcoin is now trading just below $ 9,600, altcoins continue to fall.
You can monitor the current cryptocurrency prices – here.
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Cryptocurrency
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Crypto exchanges, Banks
- Coincheck will offer trading in Qtum, as well as Qtum loans
- The first cryptocurrency-friendly bank opens in the USA
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Regulations, State cryptocurrencies
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Mining
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Draper: paradigm change fires Bitcoin up
The Dow Jones index fell by 1,031.61 points on Monday, down 3.56%. This is the third largest daily decline in Dow’s 124-year history. The US investor Tim Draper responded to this market decline and revealed that he had abandoned the traditional financial market. A Draper Associates partner states that most of Draper’s assets are now in cryptocurrency.
“It was quite noble to me and I moved most of my assets to Bitcoin and other cryptocurrencies. I think that is safe Haven.”
Coincheck will offer trading in Qtum, as well as Qtum loans
Coincheck’s cryptoexchange, based in Asia, is currently purchasing, trading and selling eleven cryptocurrencies. Today the exchange announced that it plans to add more cryptocurrencies to the portfolio. Qtum cryptocurrency (QTUM) will be available for trading on March 12.
The first cryptocurrency-friendly bank opens in the USA
The US state of Wyoming wants to become a leader in blockchain and cryptocurrency. A new bank, originally created as a cryptocurrency project, should help him. Avanti Bank is coming to serve the digital asset industry. The Cryptocurrency Bank aims to fill the gap between the traditional banking system and the new cryptocurrency trend.
YouTube has launched another round of cryptovideo cleanups
YouTube performed another cleanup of cryptocurrency content and penalized a handful of prominent cryptocurrency makers. Ivan on Tech has posted on YouTube on his purge.
YOUTUBE CRYPTO PURGE IS BACK!!
— Ivan on Tech (@IvanOnTech) February 23, 2020
Our channel has a strike as soon as I started a new live stream.
This doesn't make sense, nothing dangerous or harmful was being presented in that stream. @TeamYouTube @ytcreators @YouTube Please help!
WE NEED HELP ON THIS MATTER!
SHARE THIS!!!! pic.twitter.com/630Mp3al8d
Smaller miners are moving from China to other countries with cheaper electricity
Low populated and large areas create the perfect conditions for the mining of Bitcoin in Central Asian countries because of cheap electricity and sparsely populated areas. Miners are looking for a better alternative in countries such as Kazakhstan and Uzbekistan. These states are offering an increasingly open policy of mining and trading in cryptocurrencies.
[crypto coins=”BTC,QTUM” columns=”2″]
