Weekly Crypto Report (01-08 March 2020) | What Happened This Week in Crypto

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Here you will know about the weekly crypto report of last week regarding bitcoin and other cryptocurrency events happened all around the world 

1 Supreme Court Remove RBI Bitcoin Ban in India

The Supreme Court of India has made a great decision today. The Reserve Bank of India (RBI) ban on Bitcoin and cryptocurrency trading has been uplifted. The decision was made on Wednesday 4 March 2020. This is great news for the Indian crypto community. The crypto community is very happy today and this decision will 

2 Cryptocurrency Becomes Fully Legal In South Korea

The amendment to the Special Reporting Act passed in South Korea by which cryptocurrency becomes fully legal in the country, reported on 05 March 2020. According to the report, The amendment to the Act on Reporting and Use of Specific Financial Information passed this afternoon in a full session of the National Assembly. The passing of the

3 French Authority Made Bitcoin A Legal Form Of Money

Bitcoin becomes the legal form of money in France, reported on 06 March 2020. According to the report, The French Court acknowledged the Bitcoin in February while doing a decision regarding cryptocurrencies that was made public today. Basically, the Commercial Court of Nanterre was made the aforementioned verdict in which BTC was acknowledged to be

4 Germany Officially Announced Cryptocurrency as Financial asset

In relation to the market cap, cryptocurrencies are on equal footing with traditional assets.crypto management asset is a simple process for users to help diverse holdings simultaneously providing improved portfolio management tools.  Crypto is performing as a class asset and once again major asset classes. Germany announced officially that Crypto has seen As a financial

5 1st Bitcoin ATMs Opposed By Financial Regulator Of Germany

Measures to oppose 1St Bitcoin ATMs by Germany financial regulator The operation was undertaken by company KKT UG from Berlin which ascertains its customers to buy and sell cryptocurrencies at ATMs has been stopped by the German financial watchdog, reported on 06 March 2020. Absence of required permission 

6
Ledger Wallet Warned Users On Fake Ledger Extension Of Google Chrome

Ledger wallet is restricted for fake Google chrome extension intended for stealing crypto The users are being warned by the suppliers of cryptocurrency hardware wallet Ledger concerning the matter of stealing its crypto is one using Google chrome, reported on 06 March 2020.  The fake extension on Google chrome browser, lead to steal users crypto

7 Crypto Bill Still Pending To Pass In Parliament Which Threatened Indians

After the supreme court green signal, Indian crypto market users were excited to move on in India with virtual currencies. But still, a bill is pending to pass in Indian parliament yet to rule on the ” Banking of cryptocurrency and Regulation of official digital currency Bill ” from 2019 reported by Business Insider on

8 Verizon Announced New Blockchain-based Security Services

A big concern regarding the security of data and information for users now a day’s. Taking an initiative towards security concern Verizon business has announced the inclusion of security services with blockchain-based two new technology, Administration and Identity across the system, reported on 06 March 2020. Blockchain technology built these two under their observation is 

9 Bitcoin Mining Activity Will Again Accelerate as Chinese Hardware Makers Shake off Corona Slowdown

Instant glance  On March 10, the difficulty rate of bitcoin mining is anticipated to be increased by 2% The emergence of coronavirus has temporarily resulted to log off the venture of mining equipment maker Currently, the production cycle in China has been paused for a while, the new rigs are being shipped and deployed In

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New York Power Plants Mines $50,000 Bitcoin Daily

To enhance profitability turnover, New York power plant started as bitcoin mining. Bloomberg reported on 5 March, New York power plant set up at finger lakes region is engaged to mine about $50,000 of bitcoin per day with the help of actually produced electricity.  7000 crypto mining machine at Greenidge generations 65,000 square foot power plant 

11 Reserve Bank of India May Challenge Supreme Court Crypto Decision

The recent decision of the Supreme Court that nullified the ongoing controversial banking ban that was previously imposed on the companies who were transacting in cryptocurrencies. While according to a report by The Economic Times over lifting the ban over the cryptocurrencies worried RBI that trading in crypto may put Indian Banking systems at risk

12 China’s University Creates it’s First Blockchain Course

Education ministry of China and Chengdu information engineering university started China’s first blockchain engineering undergraduate degree. Students will start their degree course with Blockchain fundamentals and Practical applications of technology in addition. 2020 syllabus for the degree Reported on 3rd March by second large news agency of China’s big state that Chengdu information engineering university

13 The Treasury Of USA Met With Crypto Experts To Discuss Crypto Regulations

The Treasury Department of the United States of America (USA) met with the cryptocurrency experts in order to discuss the crypto regulations in the USA, reported on 02 March 2020. According to the report, the U.S. Treasury Department did a meeting of crypto industry leaders and experts in order to discuss the regulatory challenges for

14 Japan Close its Crypto Base in Singapore, Relaunch in the U.S

Singapore based Japan’s crypto exchange is going to relaunch with new U.S Base company. Japanese giant line has been closed down its crypto base in Singapore. It is rebuilt and replaced by U.S. Based platform as a globally re-branded crypto exchange. In 2018 the “bitbox” crypto exchange was first launched in Singapore — which is

15 Walmart Becomes a Member of HyperLedger

Hyperledger – a global collaboration hosted by Linux foundation useful for banking, finance, internet of things. Any information stored in a leader can view associated data transactions as well as any information stored. Walmart a world-famous multinational company known as a “Supermarket” committed to selling best-branded products. Walmart putting hands together with blockchain consortium Hyperledger.

16 HTC Firm Launched Privacy-Focused Router That Can Run Bitcoin Full Node

HTC Firm launched a new privacy-focused 5G router for users that also run a full Bitcoin node, reported on 05 March 2020. The Success of Taiwanese manufacturers Exodus 1 phone, Exodus 5G hub follows on which have the ability to run nodes. To store Bitcoin, Ethereum (including ERC-20 and ERC-721 tokens), Binance Coin, Litecoin and

17 Binance Launched Korean Stablecoin BKRW On Binance Chain

World’s largest cryptocurrency exchange Binance launched the stablecoin BKRW on binance chain which backed by the Korean currency South Korean won KRW, reported on 05 March 2020. According to the report, Binance has issued Binance KRW (BKRW), a BEP-2 stablecoin which is pegged to KRW by doing a partnership with BxB, Inc. of South Korea

18 Coinbase And Messari Team Working Remotely To Avoid Coronavirus Infection

Coronavirus is spreading as common throughout the world affecting world economy, trading, international traffic. According to the report, Coinbase is concerned about its employee health releasing companies plan after one week strongly recommending preparation for the next plan. Brian Armstrong CEO of Coinbase tweeted on 2nd March certain crypto employees have to work from home.

19 Bitcoin ATMs Reaches 7000 Milestone Worldwide

At a press conference of CoinATMRadar listed 7,014 Crypto ATMs in existence and over 7000 has grown with machines in 75 countries, including hosting digital currencies other than Bitcoin, Bitcoin Cash, Ether, Dash, and Litecoin. On a launch day $10,000 in BTC transitions. Customer used to trade Bitcoin for cash, in Vancour coffee shop a [