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🗞 Daily Crypto News, February, 26th 💰

76
5 years ago
in#bitcoin

  • IOTA Being Shut Off Is the Latest Chapter in an Absurdist History ;
  • MoneyGram Expands Ripple Partnership with $11.3 Million ;
  • Anthony Pompliano Speaks to CNN about Warren Buffett and Bitcoin ;
  • 6 Explanations for Crypto’s Fascination With Coronavirus ;
  • Bank of Canada Won’t Issue Its Own Crypto Unless Libra Succeeds: Deputy Governor ;
  • 🗞 Daily Crypto Calendar, February, 26th 💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 IOTA Being Shut Off Is the Latest Chapter in an Absurdist History

The IOTA coordinator node responsible for confirming all transactions has been offline for more than 12 days, yet the token remains listed as one of the top 30 cryptocurrencies by market cap, according to OnChainFX. Its price even went up.

There are few cryptocurrencies as notorious as IOTA, which skyrocketed from $0.34 a token in November 2017 to $5.36 by the top of the token boom in December 2017. Eric Wall, CIO of the Nordic cryptocurrency investment firm Arcane Assets, described the project as “the worst coin to have gotten as high as it did.”

“The sort of meta-question the industry is asking itself is whether IOTA can successfully keep their partnerships and convert themselves into somewhat of a success by replacing the technology pieces as they go, without having had any viable plan whatsoever when they began,” Wall said. “They're pushing the boundaries of the fake-it-till-you-make-it approach to the extreme.”

Back at the peak in 2017, I was a green crypto reporter approached by the press team for former beauty queen and reality TV contestant Jessica VerSteeg, who wanted to open a cannabis business in California. We’d seen press releases about an “official partnership” between the Germany-based IOTA Foundation and Microsoft, which the incumbent tech company later denied, as well as various universities. VerSteeg wanted to use the IOTA protocol, named for its proposed functionality with internet-of-things (IoT) devices, in a coworking space for cannabis startups.

🗞 MoneyGram Expands Ripple Partnership with $11.3 Million

According to filings through the Securities and Exchange Commission (SEC), money transmission network MoneyGram has gained over $11 million from the blockchain-based payments firm Ripple Labs.

In a press release by MoneyGram, the company stated it had received funds from Ripple divided over two quarters: in the fourth quarter, $8.9 million, and $2.4 million in the third, totaling $11.3 million. Its revenue for Q4 was reported to be $323.7 million.

"MoneyGram continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities."

🗞 Anthony Pompliano Speaks to CNN about Warren Buffett and Bitcoin

Ever since Warren Buffett gave an interview in which he stated “I don’t own any cryptocurrency” and rebuffed the idea that there was any value in Bitcoin, responses from the crypto community and media outlets have been spreading like wildfire.

Tron (TRX) Founder Justin Sun immediately came forward and claimed that the blockchain could prove Buffett was indeed the owner of a number of Bitcoin. However, the issue many had wasn’t his denial of ownership, but rather his seemingly outdated views on technology.

Anthony "Pomp" Pompliano, co-founder and partner at Morgan Creek Digital, spoke to CNN’s Julia Chatterley at the New York Stock Exchange on Tuesday. He had a lot to say about the Buffett interview.

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🗞6 Explanations for Crypto’s Fascination With Coronavirus

The spread of Coronavirus has dominated the news cycle across industries, but the discussion has been particularly fierce in both the finance and tech worlds, with crypto right in the lead.

For a month or more, prominent crypto voices have been discussing the event in terms of skepticism of reported government cases, questions of market impact and plans for personal preparation.

Link here: https://art19.com/shows/late-confirmation/episodes/8693c8cf-09c9-41ce-b170-d1ed1a6c2611

NLW surveyed more than 1,500 people on Crypto Twitter to ask why the crypto community was so interested in the Coronavirus.

🗞Bank of Canada Won’t Issue Its Own Crypto Unless Libra Succeeds: Deputy Governor

The Bank of Canada has no plans to issue its own digital currency – at least, not at the moment.

The central bank does not see a real need to issue its own cryptocurrency unless a competitor to cash takes off, said Deputy Governor Timothy Lane. His speech, titled "Money and Payments in the Digital Age," addressed how the central bank is approaching the idea of central bank digital currencies; in his view, cash works.

To be sure, Bank of Canada was one of the most active students of the CBDC concept, and it ran a pilot project on R3's distributed ledger tech solution Corda. Last May, the project was live-tested in a cross-border settlement trial with the Monetary Authority of Singapore.

🗞 Daily Crypto News, February, 26th💰

  • Binance Coin (BNB), EOS (EOS), NEM (XEM), Ontology (ONT), Waves (WAVES)

"Binance Meetup Barcelona" from 18:30 - 21:00 (CET).

  • Aeternity (AE), Celsius (CEL), General Event (CRYPTO), Monarch (MT), Ravencoin (RVN), Stellar (XLM), Tether (USDT), WAX (WAXP)

CoinAgenda Caribbean from February 26-27 in San Juan, Puerto Rico.

  • BitTorrent (BTT)

"#BTFS mainnet v1.0.2 Beta is launching - 6 days to go!"

  • Lition (LIT)

"The LIT/BMX trading pair will open at 7:00 AM on February 26, 2020 (EST)."

  • Horizen (ZEN)

CoinEx lists Horizen BTC and USDT pairs. Deposits open Feb 20 at 3:00 (UTC). Trading begins Feb 26 at 3:00 (UTC).

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

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Here is the current chart :

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Yesterday we were trying to break the support line at 0.21$, it is now well confirmed and validated. We are now pausing on a small support at 0.19$ but I'm not sure that one will be enough to hold us. We could quickly reach the real support at 0.155$. Yes it is very low but drop like that can accelerate in just some days so let's hope we will be stopped before reaching that level.

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Last Updates

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5 years ago
vlemon76
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