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One Stop Cryptocurrency News Cast For Today ?

📮19-02-2020

📈MarketCap:                  $298 B
📊24h Mcap %:                  3.52%
⚠️Bitcoin Dom:                 62.0%

📌Active Coins:                2,462
📍24h Vol %:                  -4.87%
💲24h Vol:                    $132 B

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1. Sixth Largest Bitcoin Address Untouched For Over Nine Years
The 6th largest Bitcoin address containing nearly 80,000 BTC—supposedly originating from the first Mt. Gox hack—has remained untouched for over nine years. The funds are deemed "high risk," according to experts, making them difficult to cash out. There are two possibilities: Either the hacker has lost the private keys or simply can't move the funds without being tracked down and with eyes fixed on the address, cashing out is a reasonably risky move—but not an impossible one. Read Full on Decrypt

2. Report: Bank of Korea Seeks to Deploy Blockchain in Bond Market
Following the World Bank’s exemplary experience of blockchain bond transactions, South Korea’s central bank is working on its own blockchain-based bonds. The Bank of Korea has been seeking a blockchain services provider in order to build a blockchain bond system that would allow distribution of the bond records among all participants. The project would involve separate nodes operated by South Korea's regulatory authority, the Korea Fair Trade Commission, the Bank of Korea and other financial institutions, the report notes. Read Full on Cointelegraph

3. The IRS Is Inviting Crypto Firms to a 'Summit' in DC Next Month
The Internal Revenue Service has invited a number of undisclosed crypto startups to a summit on March 3 to discuss its existing approach to taxing cryptocurrencies as well as enforcement efforts. An IRS spokesperson confirmed the summit is set for next month. The summit, to be held at IRS's Washington, D.C. headquarters, will consist of four panels addressing technology, issues faced by exchanges, tax returns and regulatory compliance. A list of panelists has yet to be finalized. Read Full on CoinDesk

4. Head of Crypto at Visa Sees Bitcoin Sats as Global Unit of Account
Cuy Sheffield, Head of Crypto at credit card giant Visa, envisions Bitcoin Sats as the internet native unit of account for purchases less than one cent. He sees this as the main use case where the leading asset can supersede fiat. As Sheffield points out, there is nothing you can buy online for less than a penny, using dollars, but you can make micropayments in sats through lightning network as it is the most viable second layer Bitcoin scaling solution currently available. Read Full on Bitcoinist.com

5. Binance Futures Weekly Volume Records $16B
Binance Futures has doubled its weekly trading volumes since the start of the year. The platform was launched six months ago and has managed to increase its weekly volumes from under $50 million to over $16 billion as of February 10. With the exposure to 20 perpetual futures markets and 100 spot markets, Binance claims that the reasons why traders prefer its futures trading platform is that they can get access to the entire ecosystem without the need to spend on fees when moving funds between spot and futures accounts. Read Full on binance

6. Crypto Hedge Funds See Best January on Record
Crypto hedge funds that make up Eurekahedge's index of crypto hedge funds have experienced a 21.15% return in January 2020. This is not only the best January on record but the first positive return for the month of January since 2017, when it posted a modest 4.85%. 2017 happened to be the most successful year for crypto hedge funds to date. That year, they posted a whopping 1,708.50% annual return. Such positive returns last month is a sign of the maturation of the crypto ecosystem as a whole. Read Full on Cointelegraph

7. Lolli CEO Alex Adelman Says Bitcoin Halving Is Not Priced In
Lolli CEO Alex Adelman suggests that it could be the last Bitcoin (BTC) halving that is not priced in given that very few people understand the leading cryptocurrency. On top of that, major institutions are still in a wait-and-see mode. Hence, BTC is yet to see the full effect of institutional follow-through. With that being said, the big difference between this halving and the two previous ones is that masses are already aware of BTC after its headline-grabbing bull run in 2017. Read Full on U.Today

8. Paxful reports $1.6B worth of trading volume for 2019
Peer-to-peer (P2P) bitcoin trading platform Paxful has reported $1.6 billion worth of global trading volume for 2019, driven by growth in Africa. Paxful's African volumes increased by over 57% in 2019, while overall it has seen a "steady" growth of over 25% year-on-year since its inception in 2015. The platform currently boasts of servicing over 3 million wallets, 45% of which are from Africa. Paxful hopes to further increase its volumes from the continent. Nigeria, Ghana, South Africa and Kenya are among its leading markets, said Paxful. Read Full on The Block

9. Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer
An alleged drug dealer lost over $56 million in Bitcoin after the Irish High Court ruled that they were criminal proceeds and should be confiscated. Collins is believed to have invested in Bitcoin at an early stage and received great returns on his investment. The CAB imposed a freeze on his cryptocurrency in an attempt to ensure that it could not be moved without the court’s approval. The court presumably implying that the initial investment was money obtained through drug sales. Read Full on Cointelegraph.

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