Crypto Dygest 27 Feb
CRYPTO DYGEST 27 FEB 2018
Top 5 News For Today - 27 Feb 2018
Summary:
Major cryptocurrency exchange Poloniex had been purchased by Goldman Sachs subsidiary, Bitcoin Core upgrade to 0.16.0 with SegWit wallet adaptation; New rules to come from EU officials with regards to cryptocurrencies; Poland has no plan to work Venezuela and accept their new Petro for goods; China Media hails blockchain technologies, while suppressing global cryptocurrencies.
BONUS Thread of The Day
LGBT Community, Inspired by Bitcoin, Launches Own Cryptocurrency.
1.Poloniex Acquired by Circle, part of Goldman Sachs
Crypto goes massive. 14th largest crypto exchange had been purchased for $400mln by Circle, a platform owned by Goldman Sachs. Circle Trade already handles over $2bln a month in cryptocurrency with a minimum lot size of $250k. Purchasing Poloniex would allow them to offer their services to any individual who would like to trade. Circle plans to focus on customer support improvement, as well as increasing list of available coins.
https://www.newsbtc.com/2018/02/26/goldman-sachs-backed-circle-acquires-poloniex-crypto-exchange/
2.Bitcoin Core 0.16.0 released
Yesterday was the official release of 16th generation of Bitcoin’s original software client. The major improvement this time – ability to set up SegWit-supported wallet. SegWit improves size, or weight, of the block, transactions speed and reduces fees. New address format for new wallets is introduced.
https://bitcoinmagazine.com/articles/bitcoin-core-0160-released-heres-whats-new/#1519341563
3.New Crypto Rules Will Emerge from EU
EU official stated on Monday that new rules may be introduced in EU soon. Not much info is known at the moment. Valdis Dombrovskis pointed out the several cryptocurrencies will be under close investigation, but has not mentioned which ones.
https://www.coindesk.com/european-commission-roundtable/
4.Poland Denies Any Relation with Petro
Not so long ago, a new cryptocurrency Petro, backed by Venezuelan oil reserves, was claimed to be interesting to several countries – Norway, Denmark, Brazil, Vietnam and Poland. While most of them are silent with official comments, Poland officially stated that they had no intention to sell any goods for the Petro. This Petro needs more investigation as over time more and more news come out saying that their ICO had failed, while other say that over $1bln has been invested.
https://news.bitcoin.com/poland-interest-venezuelas-oil-backed-cryptocurrency/
5.China’s Media Lauds Blockchain Technology
Blockchain was the topic of the day in yesterday’s China’s newspapers. Blockchain technologies, not cryptocurrencies, as some people mix the two things. While having ststrictecent policies on cryptocurrencies in general, such news may actually prepare Chinese people for new technological implementation and also possibly prepare them for Chinese own cryptocurrencies.
https://www.ccn.com/blockchain-technology-lauded-in-chinese-state-media/
BONUS Thread of The Day
LGBT Community will launch a Pink Dollar. Will be accepted world-wide.
https://btcmanager.com/lgbt-community-inspired-bitcoin-set-launch-cryptocurrency/
This is it for today.