💵 Today's Crypto Updates: February 23rd 📈

Today's Crypto Updates:

1. Twitch Streamers Partner With Nano Exchange To Get Instant And Zero Fee Donations
2. Bank Of America: Our ‘Inability To Adapt’ Could See A Failure To Compete With Crypto
3. Moscow Man Mutilated And Mugged For $1 Million In Bitcoin, Local Sources Report
4. Coinbase Finally Launches SegWit Support
5. Brand New Upvote Bot, Puppy Bot, Launches On Steemit

Summary Of Today's News:

NANO climbs to over $14 thanks to Twitch donation partnerships. Bank Of America is scared of cryptocurrencies. Man mutilated and robbed of $1 million in Bitcoin. Coinbase launches SegWit support. Brand new Steemit upvote bot, Puppy Bot, now live! Read all about it down below!

1. Twitch Streamers Partner With Nano Exchange To Get Instant And Zero Fee Donations

Source: https://twitter.com/nanex_co/status/966903950489169920

Key Highlights:

• "Nanex is proud to announce that we've partnered with @_1upcoin to provide a way for @Twitch streamers to instantly receive $NANO donations for free from their viewers!"

• "We hope this will help drive large-scale adoption to $NANO. 🚀"

Crypto Phil's Take:

Nano is up from $6 a few days ago to $14 at the time of writing this. After non stop FUD surrounding this coin, it's good to see Nano get its day in the spotlight. While I'm not sure if the recent climb is due exclusively to this Twitch donation news, it has definitely played a part.

Twitch is super popular with millennials and the younger generations so expect Nano to climb in popularity because of this.

2. Bank Of America: Our ‘Inability To Adapt’ Could See A Failure To Compete With Crypto

Source: https://cointelegraph.com/news/bank-of-america-our-inability-to-adapt-could-see-a-failure-to-compete-with-crypto

Key Highlights:

• "Bank of America (BoA) has admitted to US regulators it may be “unable” to compete with the growing use of cryptocurrency."

• "In its annual report to the Securities and Exchange Commission (SEC) this week, filed Feb. 22, the major US bank for the first time highlights cryptocurrency as an area that may cause it 'substantial expenditure' as it tries to remain competitive."

Crypto Phil's Take:

I don't think we're quite there yet but Crypto is going to start encroaching more and more into the territory of banks. We can already see it happening in countries within Africa where many people do not own bank accounts. This is a huge sign that Cryptocurrencies are only going to become more and more relevant during our lifetime. Talk about being a huge buy signal.

3. Moscow Man Mutilated And Mugged For $1 Million In Bitcoin, Local Sources Report

Source: https://cointelegraph.com/news/moscow-man-mutilated-and-mugged-for-1-million-in-bitcoin-local-sources-report

Key Highlights:

• "A cryptocurrency investor fell victim to unidentified assailants in Moscow who reportedly disfigured him and stole over $1 mln worth of Bitcoin, today, Feb. 23, according to local crypto journal Forklog."

• "When he refused, they “mutilated his face with a knife” before he surrendered his collection of around 100 BTC, approximately $1,020,000 at press time, according to the publication."

Crypto Phil's Take:

Truly sad and scary news. Just shows there is no limit to the amount of scumbags out there. I hope these criminals are found and brought to justice immediately.

4. Coinbase Finally Launches SegWit Support

Source: https://blog.coinbase.com/announcing-segwit-support-on-coinbase-4e51117857c7

Key Highlights:

• "We’re excited to announce support for Bitcoin Segregated Witness (SegWit) transactions on Coinbase. Over the next week, we will be gradually enabling SegWit compatible Bitcoin sends and receives for all customers."

• "For those unfamiliar with SegWit, this upgrade helps reduce the size of Bitcoin transactions. This improves the overall transaction capacity of the Bitcoin network and should also help reduce the fees customers pay on bitcoin transactions."

Crypto Phil's Take:

This is good news for anyone holding Bitcoin, both short term and long term. It allows Bitcoin to take a step towards becoming a useable currency. Even more important, SegWit is a necessary upgrade in order for Lightning Network to be enabled. Coinbase is one of the biggest exchanges out there so this is definitely big news in terms of Lightning Network progress.

5. Brand New Upvote Bot, Puppy Bot, Launches On Steemit

Source: https://steemit.com/booster/@phil917/introducing-puppy-bot

Key Highlights:

• "Puppy Bot Is A Brand New Upvote Bot That Sends Upvotes And Unconditional Love!"

• "Puppy Bot is very similar to other well known Steemit upvote bots such as @buildawhale and @boomerang. However, @puppybot is geared towards newer Steemit users because it has a much lower minimum bid compared to other, bigger Steemit bots!"

Crypto Phil's Take:

Puppy Bot is my very own Steemit upvote bot. With time, I hope to grow the bot to a much higher Steem Power. This will allow newer Steemit users and minnows to gain exposure on their posts.

Want To Stay Up To Date On Crypto News? Click Here To Follow Me!