[Weekly News] The most interesting news from the world of cryptocurrencies! BTC, TRX, IOT, XRP, ETH, ADA

We have prepared a brief overview of the most important news of last week.

 

You can watch current cryptocurrency prices – here

News 17.02 – 23.02.20

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Cryptocurrencies

• Tron bought Steemit, a cryptoblog platform
• IOTA announced a successful bug fix that allowed the Trinity Wallet to be hacked
• Novogratz: This year will be big for Bitcoin
• Justin Sun: Warren Buffet sees the future in the blockchain
• Peter Schiff: Bitcoins are not money, but yes they can grow
• The new fraud scheme targets advertisers on Google, collecting ransom at BTC
• CEO Ripple criticizes Bitcoin for excessive dependence on China
• Bitcoin options amounted to USD 100 million of daily trading volume
• VanEck: Bitcoin will help build a new global financial system
• China disinfects banknotes due to coronavirus, there is no danger with cryptocurrencies
• Ripple claims that XRP Ledger is now backed by Microsoft, BitSo and BitGo
• Ripple wants to build a bridge between XRP and ETH
• Cardano´s hardfork OBFT went well and already got Binance support
• IOTA urges owners of Trinity wallets to change their password
• CME registered bitcoin futures for $ 1.1 billion in a single day

 

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Crypto exchanges, Banks

• Binance applied for a license in Singapore under the new rules
• Binance has problems with service outages with increasing client base
• Binance launches cloud platform
• Australian National Stock Exchange is planning a DLT platform
• American branch of Binance flipped through Zilliqa
• CEO Binance has blocked critics of stock market downtime on Twitter
• Morgan Stanley bought E * Trade for $ 13 billion
• UpBit does not allow foreign clients to withdraw funds

 

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Scams

• Gemcoin’s founder admitted to misappropriating funds of nearly $ 150 million

 

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Blockchain, Technology

• The UN is among the new additions to the Forbes list of top 50 blockchain companies
• Korean State Bank is developing a blockchain platform for bond settlement
• Telkom giants in the EU try blockchain for roaming discounts

 

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Regulations, State cryptocurrencies

• Russian central bank has completed testing of a pilot project of blockchain tokens
• Presidential candidate Bloomberg wants stricter rules for crypto and ICO

 

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News of the Week:

 

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.

 

China disinfects banknotes due to coronavirus, there is no danger with cryptocurrencies

 

The Chinese Central Bank (PBoC) plans to disinfect billions of yuan banknotes in areas that are worst affected by coronavirus. The epidemic, which hit China’s political, economic and educational systems very hard, forced national authorities to take extreme measures to limit the spread of the virus. China is preparing to introduce the digital currency of the central bank, the digital currency would avoid the need for something so drastic.

 

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.
 

CEO Ripple criticizes Bitcoin for excessive dependence on China

 

"China controls the Bitcoin blockchain. There are 4 miners in China that represent the 60%+ of mining capacity and 80% of mining capacity is based in China for Bitcoin and Ether."
– Brad Garlinghouse, CEO @Ripple
#xrp #fintech #crypto #blockchain @firstmove pic.twitter.com/lW8NHFldKu

— XRP_Cro (@stedas) February 17, 2020