Weekly Crypto Report (24-29 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 Judge of Australia Recognized Cryptocurrency As A Form Of Investment

In the NSW District Court of Australia, Judge Judith Gibson recognized cryptocurrency as a form of investment or can be used as security for legal costs, reported on 29 February 2020. “However, this is a recognized form of investment,” – Judge Judith Gibson According to the report, During the hearing a defamation claim in the NSW 

2 Human Resources Firm Randstad Working On Smart Contract-Based Blockchain Platform

World’s largest human resources firm Randstad is started working on the smart contract-based blockchain platform, reported on 28 February 2020. Randstad has 40,000 employees who will be using an enterprise blockchain solution from New York-based Cypherium, which is partnered with popular cloud service providers Google Cloud Wing, IBM Cloud, and Amazon Web Services.

3 Bitcoin Samourai Wallet New Version Now Supports Mobile Mixing (Whirlpool)

Privacy-focused famous bitcoin wallet Samourai has announced a new version that supports the mobile mixing service for bitcoin transactions through the whirlpool, reported in their official Telegram group on 28 February 2020. Basically. the Samourai wallet released the new version v0.99.9 which Includes mobile mixing support (Whirlpool) as well. You can download this new version

4 Bitstamp Exchange Started Supporting bech32 Bitcoin addresses

The world’s oldest bitcoin exchange Bitstamp announced to start supporting bech32 format bitcoin addresses on their exchange platform, reported on 27 February 2020. According to the report, Bitstamp added the full support for SegWit bech32 bitcoin transfers where all the users are now allowed to withdraw their Bitcoin to SegWit bech32 addresses as well as can

5 Bitmain Announced Details On New Mining Hardware Antminer S19 and S19 Pro In Regards To Upcoming Bitcoin Halving

Wolrd famous Chinese mining hardware manufacture company Bitmain just announced the details on the next-generation new mining hardware Antminer S19 and Antminer S19 Pro in regards to upcoming bitcoin halving, reported on 27 February 2020. According to the report, the Antminer S19 has two variants, where one variant will come with a hash rate of 

6 Crypto.com payment provider partnered with Travala Bookings Company

World-famous Hong Kong-based crypto payment service provider company Crypto.com partnered with the popular Travel bookings company Travala.com, reported on 27 February 2020. According to the news, the Travala.com website has integrated with the Crypto.com payment app where bookings of Travala services can be done directly from the Crypto.com payment app by doing payments in cryptocurrencies

7 Square reported Cash App’s Half Revenue Comes From Bitcoin Service

Twitter CEO ‎Jack Dorsey payment company Square reported that Cash App’s half of the revenue comes from the only bitcoin service, reported on 27 February 2020. According to the report, Cash App’s Bitcoin revenue of the fourth quarter is $178 million in 2019, on the other hand, the total revenue by excluding bitcoin revenue is around

8 General of Iran Told To Use Cryptocurrency To Bypass USA Sanctions on the Country

Recently, The General of Iran told the nation to use the cryptocurrency in order to bypass the USA sanctions on the country, reported on 27 February 2020. According to the report, the commander of the Islamic Revolutionary Guard Corps, Saeed Muhammad told Iran to use cryptocurrencies to bypass the economic sanctions on the nation enforced

9 Coinbase Allows to Send BTC to Your Name

One of the leading cryptocurrency exchange and service provider Coinbase now allows it’s wallet users to send Bitcoin (BTC) to human-readable addresses (like your name or username) instead of long traditional addresses. Coinbase announced this in an official blog post explaining how anyone can send Bitcoin or Ethereum just in few seconds. Coinbase wallet users 

Binance Announced To Perform A System Upgrade On Binance Futures

Largest cryptocurrency exchange Binance announced the system upgrade on its Binance Futures, reported on 26 February 2020. According to the report, Binance will perform a system upgrade on binance futures at 7:00 AM (UTC) on 26 February 2020 and the upgrade will take up to 10 seconds. All the binance future trading services including deposit,

11 One More Bitcoin ETF Ready For SEC Decision

One more Bitcoin ETF is ready for SEC decision either approve or rejected. The Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust Bitcoin ETF proposal will meet the deadline on Wednesday and the U.S. Securities and Exchange Commission (SEC) will make a decision on it. Wilshire Phoenix is not the only company on the

12 New Jersey Introduced A State-Level Licensing Scheme To Regulate Crypto Firms

The New Jersey state of America introduced a state-level licensing scheme to regulate Cryptocurrency firms, reported on 24 February 2020. According to the report, the Digital Asset and Blockchain Technology Act is presented by Assemblywoman Yvonne Lopez on 20 February 2020. The legislation introduced new requirements for the cryptocurrency firms in order to reduce the risk