December 3, 2020

Cryptheory

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Crypto News of the Day (26.2.) | Bitcoin drops • MoneyGram receives $ 11.3 million from Ripple • and more

3 min read
Crypto News of the Day (26.2.) | Bitcoin drops • MoneyGram receives $ 11.3 million from Ripple • and more

Here you can find an overview of the most important events that took place during the last day in the cryptoworld.

Markets

Bitcoin suffered a sharp fall during the night and in the morning and the current price is slightly above USD 9,050 and is still falling. Altcoins also bleed, no exception is a drop of more than 10% in the last 24h. Thus, the theory of Bitcoin as a haven against the collapse of traditional markets during the coronavirus epidemic has thus clearly not been confirmed. The mood in the markets turned back to the fear area, at 41 points.

 

You can monitor the current cryptocurrency prices – here.

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Cryptocurrency

 

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Crypto exchanges, Banks

 

 

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Blockchain

 

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Warren Buffett donated cryptocurrencies from Justin Sun for about $ 40,000 per charity

 

Warren Buffett, a legendary investor and CEO of Berkshire Hathaway, said he had donated nearly $ 40,000 worth of cryptocurrencies, which he received as a gift from Justin Sun during their meeting, to the GLIDE Foundation.

 

 

MoneyGram received a total of $ 11.3 million from Ripple

 

MoneyGram has received more than $ 11 million from Ripple Labs, according to filings with the US Securities and Exchange Commission (SEC). In a press release, MoneyGram states that it received quarterly quarterly funds from Ripple: $ 8.9 million in the fourth quarter and $ 2.4 million in the third quarter, totaling $ 11.3 million.

 

Coinbase has announced its plan to respond to the spread of coronavirus

 

According to a document publicly shared by Coinbase CEO Brian Armstrong, Coinbase is preparing a four-step response to COVID-19. Each phase of the plan will start after an increase in the number of people infected with coronavirus. Once more than 100 cases of virus transmission occur, Phase 1 becomes effective. The plan also includes detailed measures such as increasing the frequency of office cleaning and limiting office visitors to basic staff only. It also gives employees the opportunity to work from home.

 

Moody’s appreciated a new startup from the Emirates that uses blockchain to implement KYC

 

Moody’s reported that the new Know Your Customer (KYC) platform, based on a blockchain in the United Arab Emirates, is positive for the state’s lenders. According to a report by The National media network on February 26, the credit rating agency said the platform would improve asset quality and increase profits.

 

A consortium of six banks, which held almost 45% of total banking assets in the United Arab Emirates, was created this month to share verified customer data using blockchain technology. According to Moody’s, the new KYC platform will improve compliance with local and international regulations while ensuring customer information.

 

“The platform will support regulatory oversight of banks’ collection and management of KYC data. We also expect it to help credit risk management with better data for client underwriting and debt collection.”

 

 

 

 

 

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