It was a busy crypto week. IOTA mainnet is paused but MIOTA’s still trading, FCoin wants to reopen but clients aren't happy, OKEx and Bitfinex suffered a DDoS attack, Ethereum’s core devs decided to implement ProgPow in July amid heavy opposition that only grew larger, Vitalik Buterin shared that Bitcoin's stock-to-flow model is useless, an overnight move by EOS block producers fueled a decentralization debate, Incognito launched an anonymous way to swap Monero with many cryptos, the USD 500 billion card didn't help Ripple in court, and Bitcoin's safe haven status was questioned again, but the troubled Lebanese economy is leading citizens to embrace Bitcoin and altcoins. Meanwhile, COINBASE has prepared for coronavirus outbreak escalation, and the coronavirus is now threatening to derail the introduction of a long-awaited piece of crypto legislation in South Korea, but the lack of crypto laws could lead to mass bankruptcies, insiders warned. Also, Ripple entered South Korean blockchain scene by signing agreements with three companies that work on overseas remittance solutions.
Furthermore, the Bank of England’s chief cashier stated that it's crucial that central banks act before tech giants establish dominance in the digital currency sector, Japanese finance minister urged China to delay its digital fiat, and Quoine was found guilty of breach of contract in the BTC 3,902 trade reversals. Meanwhile, South Korean-Japanese chat app operator Line is set to open a trading platform in the U.S., the world is ready for “private money” such as Facebook’s Libra, JPMorgan Chase said, while Justin Sun predicts BTC will reach USD 100,000 by 2025. Speaking of Sun, he faced more trouble as Buffett denied owing crypto and Steem moved to restrict his power. Lastly, mass adoption of crypto was "confirmed" by The Simpsons, Vodafone, and Willy Woo.
Here's what you've been waiting for: the jokes.
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For starters, choose your poison.
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Now, let's take a look back at Bitcoin's February.
#Bitcoin in February pic.twitter.com/1zzeL3FHS9
— TalesFromTheCave (@KrownsFam) February 22, 2020
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