⚡️ A lot has happened in the crypto and blockchain realm last week. Execs from Coinbase and Ripple gave a joint statement on Crypto adoption; Bitcoin Halving is nearing; Nimbus is still working on Ethereum 2.0, and a lot more news is on the way. 📝
1. Executives from Coinbase and Ripple Unveil a Worthy Plan to Drive US Crypto Adoption
Two executives, namely Rachel Nelson, Coinbase senior director & associate general counsel and Breanne Madigan, Ripple’s head of global institutional markets are putting forth smart regulations and transparency in the crypto-realm that would drive crypto adoption and pick sides of blockchain technology.
There should be a serious enhancement in Market Integrity!
The Execs said in a joint statement “To improve market integrity and provide consumers the confidence they deserve, Congress may need to enact legislation to support the orderly and secure functioning of crypto markets.”
Source ➡️ http://bit.ly/31m8aIi
2. Bitcoin Halving is Just 3 Months Away
Halving is defined as the number of new Bitcoins awarded to crypto miners for each transaction block they validate.
When the first event occurred at the end of November 2012, BTC/USD traded at just $12. After four years, the supply halved to the current rate of 12.5 BTC per transaction block, and the price was $652. Amazing, isn’t it? With Bitcoin gaining over 30% in January alone to hit $9,450, traders expect that the May 2020 halving will disrupt the price action rapidly. Who knows? The price may even achieve $12,000.
Source ➡️ http://bit.ly/3967Hws
3. The Ethereum Foundation grants Nimbus $650,000 to facilitate Ethereum 2.0 Mobile App
Nimbus has received an additional $650,000 from the Ethereum Groups. Nimbus is now working on a project that’s setting up an infrastructure for Ethereum 2.0 (mobile version). It is the next step in Ethereum’s brand evolution. Ethereum Foundation has granted a total of $1.65 million to Nimbus for the aforementioned project.
Source ➡️ http://bit.ly/36QyWtu
The Week’s Report
Among the most popular cryptocurrencies, the top three altcoin gainers of the week are KickToken, BitShares, and BlockStamp. At the week’s end, the price of Bitcoin is at $9,406.52, Ether is priced at $190.53, and XRP at $0.25. The total market cap value is at $261,290,191,175.
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