💵 Today's Crypto Updates: February 24th 📈

Today's Crypto Updates:

1. NanoTwit.ch Introduces Nano Donations For Twitch
2. NEO Rated First A Class Cryptocurrency by Weiss Ratings
3. Overstock CEO Puts ‘Millions Of Dollars’ Into Unknown Coin, Compares To Bitcoin
4. Ethereum Governance 'Not That Bad' Says Buterin Amid Fund Debate

Summary Of Today's News:

Twitch gets Nano donation integration. NEO gets first A rating from Weiss Ratings. Overstock is all in on Ravencoin. Ethereum develops have difference of opinion over missing funds issue. Read all about it below!

1. NanoTwit.ch Introduces Nano Donations For Twitch

Source: https://nanotwit.ch/

Key Highlights:

• "NanoTwit.ch is a brand new service for Twitch streamers and their viewers. It allows streamers to accept Nano donations on their Twitch streams, and tie it into your existing stream notifications."

• "This means no chargebacks, no fees, and fast transaction times."

Crypto Phil's Take:

This recent Twitch integration with Nano for donations may have contributed to the recent price increase. Nano went from a low of around $6 to a recent high of $16. Twitch is an extremely popular streaming platform so this is great exposure for Nano. News like this will probably contribute to the price returning to all time high levels in the near future.

2. NEO Rated First A Class Cryptocurrency by Weiss Ratings

Source: https://twitter.com/caterina_zhang/status/967382842207477760

Key Highlights:

• "News confirmed by Chinese media. NEO is rated the first and the only “A” class cryptocurrency by @WeissRatings"

Crypto Phil's Take:

Whether you believe Weiss Ratings is legitimate or not, no one can deny that this is good news for NEO and anyone holding it.

3. Overstock CEO Puts ‘Millions Of Dollars’ Into Unknown Coin, Compares To Bitcoin

Source: https://cointelegraph.com/news/overstock-ceo-puts-millions-of-dollars-into-unknown-coin-compares-to-bitcoin

Key Highlights:

• "Patrick Byrne, the CEO of Overstock, which was the first major retailer to accept Bitcoin (BTC) back in 2014, has said that he is “not really interested in cryptocurrencies per se,” but revealed a little-known Blockchain project his company has invested “millions of dollars” into in an interview with Business Insider"

• "Byrne prefaced his answer by saying he is “really letting something big out of the bag”, going on to reveal both Overstock’s and his personal interest in a virtually unknown Blockchain project called Ravencoin"

Crypto Phil's Take:

Sounds like the CEO of Overstock had his company invest millions into Ravencoin. He believes "It's Bitcoin, but a thousand times more energy efficient." I'm not sure I believe the hype just yet but clearly this guy is very bullish on the future of this technology.

4. Ethereum Governance 'Not That Bad' Says Buterin Amid Fund Debate

Source: https://cointelegraph.com/news/pump-and-dump-in-crypto-cases-measures-warnings

Key Highlights:

• "Ethereum's governance model isn't flawed, it's just badly communicated, the cryptocurrency's creator Vitalik Buterin said in a developer meeting Friday."

• "Coming amidst a heated debate over a proposal that seeks to standardize a method by which changes to the ethereum software would be considered as a way to retrieve lost funds, developers discussed how to clarify their process for accepting code changes and whether they should move to resolve perceived issues."

Crypto Phil's Take:

Sounds like there's a lot of in house fighting over this funds issue. Apparently even some senior Ethereum developers have resigned due to differences in opinion. I'm not sure what this means for the platform long term but I do know public fights like this sow fear, uncertainty, and doubt. I wouldn't be surprised if this leads to a price decline in ETH in the short term.

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