30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $9,749
Bitcoin price retested the $10,000 mark over the weekend, failing to break through resistance, once again settling in the high $9,000s.
Top Stories for February 24, 2020
Fidelity International has purchased a 5.6% stake worth over US$14 million, in a Hong Kong-based cryptocurrency platform for professional investors.
The platform, BC Group, has sold a total of US$36 million worth of shares to large investors since January, despite a 7.6% fall in share prices this year.
A new law in the European Union – The Fifth Anti-Money Laundering Directive – will soon come into effect, and treat cryptocurrency businesses the same as any other.
Banks will no longer be able to blanket-ban cryptocurrency-related companies, now being required to provide full justification for any refusal of services, on a case-by-case basis.
During an exclusive interview with Cointelegraph, Vitalik Buterin revealed some of the details of the plans for the launch of Ethereum 2.0 this year.
The roll-out will begin with “Phase 0”, in which Ethereum 2.0 will exists as an independent proof-of-stake (PoS) network. Phase 1 will follow, enabling sharding via 64 sidechains.
Eventually, once the network becomes strong enough, the platform will be merged with Ethereum 1.0.
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