fbpx

#NewsFridayDigiFinex 2020 Week 2

Hey folks! Get the latest crypto news updates with #DigiFinexNewsFriday!

Bitcoin price surged by 21% in a week due to Iran-US conflict

Image from Messari

This week, Bitcoin experienced a recent price jump from 6900 to 8400USD due the souring of Iran-US relationship, after the U.S. killing of Qasem Soleimani (top Iranian general), and Iran retaliation with missile strike at U.S. Iraqi bases.

This price surge has rekindled a long-running debate among investors – Will Bitcoin be a safe-haven asset like gold during times of heightened geopolitical and economic turmoil?

[Source: CoinDesk]

S. Korean Gov. Urged to Allow Launch of Crypto Related Products by Financial Institutions

[Image: Sputnik]

Korea’s 4th Industrial Revolution Commission urged Korean gov to allow financial institutions to launch crypto-related products, as part of crypto institutionalization. As such, banks & security firms can develop & introduce their own domestic custody solutions to handle crypto assets. 

[Source: Business Korea]

Bitcoin hash rate reaches all time high of 117EH/s

[Image: Coinrevolution]

Bitcoin’s hash rate struck a new all-time high on 5 Jan: 117 exahashes per second (EH/s)! This means that the miners are producing 117,000,000,000,000,000,000 hashes every second while finding the next block! 

Ethan Vera, an operator at the North American Luxor Mining Pool, told Bitcoin Magazine that majority of the recent hash rate increase comes from China, such as F2Pool, Huobi, and more! 

[Source: Nasdaq]

European Central Bank President Pushes for a central bank digital currency

Christine Lagarde, the president of the European Central Bank (ECB), supports the bank’s active involvement in the development of a central bank digital currency (CBDC). The perks of CBDC payments include quicker, 24/7, and cheaper cross-border payments, which will appeal to both younger younger generations and industry firms. 

[Source: ECB Interview with “Challenges” Magazine ]

N. Korea Hackers Lazarus Group Now Steals Crypto on Telegram

Lazarus Group, a hacker group believed to be affiliated with North Korea, previously involved in the creation of trojanized crypto malwares on Mac softwares, has now expanded its medium of attack to Telegram. Unknowing users who downloaded manipulated softwares containing malware would have their sensitive data sent to the hackers. 

Some victims were identified to be Poland, Russia, China, and the United Kingdom, most of them with links to cryptocurrency businesses.

[Source: Coindesk

You can share this post on

Share on facebook
Share on twitter
Share on telegram
Share on whatsapp
Share on reddit
Share on linkedin
Reletad Post

Fil Mooned Right Away After I Sold It. Am I One of the Weak Hands?

“Fil mooned right away after I sold it. I am the weakest hand in the crypto world.” said one of my friend who has been trading cryptocurrency for many years. He is a user during the public sale and bought FIL at the price of $2. After the FIL is unlocked, he sells coins wildly every day. But even so, he still hates the slow process of unlocking, so he directly sold all the publicly purchased Fil at the price of dozens of dollars.

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price?

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price? The EIP-1559 we will be talking about in this article is an example of Ethereum improvement proposal. This proposal was first put forward in November 2018 by Eric Conner, an ETH developer. It aims to reform the GAS fee bidding system of ETH, so to reduce the cost for users to transfer money on ETH.

DigiFinex AMA Recap | CRS, Digital Assets For The Fans

Hello everyone! Welcome to our 14th episode of DigiFinex AMA. In today’s AMA, we have invited the executive team of Crypto Rewards Studio (CRS), to share with us how CRS has created a cryptocurrency that allows users to enjoy music events or get to learn more about artists through their exclusive token. Let’s hear about their big plan!

%d bloggers like this: