Let’s see what crypto was up to this week. Major victories have been won: South Korean National Assembly voted in favor of the country’s first cryptocurrency-specific legislation, and India’s crypto ban got overruled, though the fight is not over. Bitcoin may be too young to be predictable, but it comes with a major advantage; also, Bitcoin-powered alternative to 5 peso note was issued in Argentina. Developers and dapps started leaving the Steem ecosystem following Tron’s and Steem’s hard fork decision, BINANCE halted trading again, Ripple's CEO said the company would be unprofitable without XRP, and Ripple-friendly SBI chief is in talks about launching an STO exchange. Meanwhile, Coinbase has become a second-tier member of JVCEA, while its CEO isn't sure Bitcoin will win crypto adoption race, and Facebook’s Libra could become a multi-coin payments network.
In the meantime, investors sued Canaan, a well-functioning government might make private cryptos obsolete, and crypto custody could help keep South Korea’s biggest exchanges afloat. While Xiaomi set up a joint venture to focus on new business areas, including blockchain, HTC announced the release of the EXODUS 5G Hub, and Beijing started piloting blockchain-based electronic invoicing. We learned that in some regions, over 50% of the population are unbanked, presenting huge opportunities for crypto, and we looked into the importance of the new protocol by EY, ConsenSys, and Microsoft for Ethereum, and into Google possibly purging its app marketplace of crypto media sites.
Victories and opportunities done. Joke time!
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In celebration of the above-mentioned victories.
CRYPTO TWITTER (1) - INDIA (0) pic.twitter.com/MLOMQNB0TI
— TEDDY (?) (@TeddyCleps) March 4, 2020
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Crypto slam occasionally haiku night! ?? ?? ?? ??
He who chases green
Gets rekt every Time
Only noobs FOMO
-Crypto Haiku#Bitcoin #btc #Crypto pic.twitter.com/7jpzYit01C
— ??? ???? ?????? ??? (@Mojo_Crypto_BTC) March 2, 2020
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