Weekly Crypto News Roundup - 1st February - 7th February
Weekly Crypto News Roundup - 1st February - 7th February

By pheonixdown-dee | Crypto 101 | 7 Feb 2020


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. So let's get started!

 

Wikipedia Founder Says Bitcoin SV ‘Offers Nothing’

 

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Jimmy Wales, a founder of Wikipedia, has come out to dispel rumours that he supports Bitcoin SV. He says that BSV offers nothing to the free online encyclopedia. Recently, the Bitcoin (SV) Association announced that it would be hosting Wikipedia founder Jimmy Wales as a keynote speaker at CoinGeek London. The news started a flurry of rumours speculating that Wikipedia may partner with Bitcoin SV. Many believed micro payments in BSV were coming to the platform.

However, Wales has now come out and categorically denied these rumours. He seemed to be angry at even the insinuation. In reply to the announcement, Wales writes that “your market materials need to be updated immediately.” He said there was no endorsement from him on BSV. He says he is only coming to the conference to speak his mind, which includes that “BSV offers nothing for Wikipedia and that there is zero chance we would ever use it.” To read the full article, click here

 

Ripple Unlocks Another 100,000,000 XRP as Traders Fear Sell-Off

 

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Ripple has just unlocked another 100,000,000 XRP ($27.9M) from its escrow wallet, sparking fears that a sell-off may be coming.

Ripple’s XRP holders may soon face a sell-off due to a massive token unlock from the official team’s escrow wallet. XRP has been surging this week, but that may soon be coming to an end. 100M XRP was recently unlocked, according to Whale Alert. You can read the full article by clicking here.

 

Bitcoin Emoji Sees Billionaire BSV Backer Hint Legal Action Against Twitter CEO

 

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Calvin Ayre has hinted at legal action following the addition of a Bitcoin emoji to Twitter. The prominent Bitcoin SV (BSV) proponent said lawsuits are coming, and it’s “not going to end well” for the company.

Social network giant Twitter has a new emoji. The platform’s users will now see an orange Bitcoin logo alongside any use of either the “Bitcoin” or “BTC” hashtag. To find out more about this story, click here.

 

China Prints Entire Bitcoin Market Cap in Single Day to Calm Coronavirus Fears

  351665157-d0d7f64bd2ff037f50c450369dfcefcb47b0496c53574bf79778be458c59cfa3.jpeg   The People’s Bank of China has injected some 1.2 trillion yuan ($173.8 billion) to calm markets as coronavirus fears worsen. That’s more than the entire market capitalisation of Bitcoin (BTC). To read more about this story, click here.    

Ethereum Classic Hashrate Explodes Past Previous All-Time High

 

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Mining activity on Ethereum Classic’s network has seen a marked uptick. Its hashrate has beaten all expectations and has now broken past its previous all-time high.

Hashrate is one metric to assess the health of a network. The higher the hashrate, the more secure a network becomes. It also becomes more expensive to mine said cryptocurrency. To read the full story, click here.

 

Exchange Tokens Led the Cryptocurrency Market in Gains for January

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Exchange tokens like Binance Coin (BNB) led the entire cryptocurrency market in gains for the start of 2020. January saw most of them spike by double-digits. Exchange tokens have proven to be the most successful investment for cryptocurrency traders in 2020 thus far. The various exchange tokens continue to lead the market as traders see them as the less-risky option in this choppy market. To read the full analysis, click here.

 

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 check out BeInCrypto, where the news articles came from. Until next time!

   


pheonixdown-dee
pheonixdown-dee

I am a social media manager living in Prague. I am an avid crypto enthusiast.


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