Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I like to use and an alternative to CoinTelegram called BeInCrypto.
BeInCrypto is a news website founded in August 2018 that specialises in cryptographic technology, privacy, fintech, and the Internet — among other related topics. The primary goal of the website is to inject transparency into an industry rife with disingenuous reporting, unlabelled sponsored articles, and paid news masquerading as honest journalism. You can visit their website by clicking here or join their new Telegram Trading channel by clicking here. I am also part of that group and like the content they are discussing. There is a lot of news that came out last week, So let's get started!
Charles Hoskinson, co-founder of Cardano (ADA), is accusing Wikipedia of picking favorites after the project’s academic paper keeps getting removed as a citation. Wikipedia is a battleground of information. For cryptocurrency projects, you want to be recognized by the world’s largest encyclopedia. However, Wikipedia editors have repeatedly removed efforts to include an academic paper related to Cardano in their article on proof-of-stake.If you want to read the full article, you can click here.
For the past week, Tether Treasury has been more active than ever before. On Tuesday alone, it minted another 180M USDT, meaning that over the last week, they have minted 420 million USDT. To read the full article, you can click here.
Bitcoin followed the financial markets today as they all rise after news that the Federal Reserve would be purchasing an unlimited amount of treasuries and securities. The Federal Reserve is reversing its previous decision of setting aside $700 billion for asset purchases. Instead, it has now removed the cap entirely and will be purchasing an ‘unlimited amount of Treasuries and mortgage-backed securities’ to support the financial market. The Fed also announced a new lending program that will provide up to $300 billion to support companies. To read the full article, click here.
Bitfinex has announced that it will be removing 87 trading pairs from its platform entirely. The changes go into effect on March 26. To find out more about which pairs are being removed, click here.
The Manitoba Securities Commission (MSC) in Canada has warned the public against cryptocurrency scams after cracking down on two firms. The world may be embroiled with a coronavirus pandemic, but Canadian regulators are still keeping their eye on cryptocurrency-related scams. A recent bust has caused one regional division to issue a warning to the public. To read more about this, click here.
Amid the coronavirus pandemic, worldwide governments have decided that there is effectively no limit to their money printing. That was confirmed recently by a statement from Bank of America. A major recession seems certain amid the global market panic. As the coronavirus situation worsens, many major institutions and governments are calling for effectively ‘no limit’ on spending to remedy the consequences. The result could be a permanent change to our understanding of money. Click here to read the full article.
According to reports and social media, bank branches in Venezuela are closing their doors as the Coronavirus continues to spread. People are turning to Bitcoin as the solution as trading volumes increase. To read the full article, click on the link below.
Bitcoin has been consistently processing blocks more slowly as of late. For the past few days, the block time on the network has been more than 13 minutes. Blocks times are slowing down on Bitcoin’s network. Although block times have a tendency to stay stable, this is the first such spike since late 2018. To read the full article, click here.
Steemit users are trying to kick Justin Sun off of the network through a hard fork. Vitalik Buterin has expressed his approval for the move. Justin Sun might have thought he was able to just buy his way into controlling the Steem network, but its users are saying no way. The result of this struggle could forever change how the industry views decentralization. Click on the link here to read the full article.
That is my weekly roundup of the interesting news coming from the crypto world. What do you think about the topics / news stories and what was your favourite article? If you liked the content, please consider following me and tipping the article. Also are you a trader? If you are check out my favourite Telegram Trading chat, where you can discuss and find out more about crypto projects. Click here to start conversations with other crypto traders!