Weekly Crypto Report (03-09 Feb 2020) | What Happened This Week in Crypto

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

1 3rd Bitcoin Halving Is Just 99 Days Away, The Bull Began His Run?

The most awaited biggest event of bitcoin Halving is coming in the next 3 months (expected at the beginning of May 2020). The halving of bitcoin is a very important economical event because it reduced the inflation rate of bitcoin to half of its previous value that definitely results in the increment of the demand

2 Tom Lee Says Bitcoin Price Will Gain 197% In Next 6 Months

Recently, in the interview with Yahoo Finance the Fundstrat’s Global Advisors Managing Partner & Head of Research Tom Lee says Bitcoin price will gain 197% of value in the next 6 months this year, reported on 05 February 2020. “Whenever bitcoin breaks back into its 200 days, its average six-month gain is 197%.”

3 Bitpay Will Support Bitcoin Lightning Network

The bitcoin payments company Bitpay CEO Stephen Pair announced that the payment platform of Bitpay will integrate the bitcoin lightning network payments in the future, reported on 04 February 2020. As per the report, the Bitpay CEO Stephen Pair reportedly told that the Lighting Network is their top priority in order to integrate it into the Bitpay

4 Chinese Crypto Miners Stops Operation Due to The Major Coronavirus Outbreak

Due to the recent Corona Virus outbreak in China, to further reduce the chances of widespread infection the government has taken a series of protective measures to keep the current situation under control. Thus single handily affecting the business across the nation under the current quarantine situation people are staying 

5 XRP Co-founder Jed McCaleb Sold More than Billion XRP And More Billions XRP will Sell Soon, XRP holders Rekt?

As per the Analysis by blockchain monitor Whale Alert report, the Ripple co-founder and former CTO Jed McCaleb sold the more than one billion XRP between 2014 and 2019 and even 19 million XRP just sold in January 2020, reported on 06 February 2020. Basically, when XRP created back in 2013 then 9.5 billion XRP

6 Australia Soon To Release National Blockchain Roadmap

Soon the Australian Government is going to launch its national blockchain strategy that they have been working from nearly a year on the 7th of Feb. It has almost been a year back since March last year when the country’s Ministry for Industry, Sciences and Technology, and Ministry for Trade, Tourism and Investment announced there 

7 XRP’s surge – Is it finally time for a new upwards trend?

It seems like the endless shilling for XRP has finally found some kind of outcome. The coin has been on the rise for the past 24 hours and does not show any signs of slowing down in the near future. It’s unknown whether there will be some major events in the near future