The first Crypto Traders Pro Weekly Review 2020 is in, and with it, we bid 2019 adieu. We’re hoping that the Crypto Traders Pro Weekly Review 2020 will be filled with positivity and adoption for cryptocurrency and blockchain. Throughout the world, we’re seeing adoption and acceptance rapidly. This will be a good year.
We start in Australia, where we’ve seen cryptocurrency and blockchain received warmly by the government there. However, Anthony Richards, an executive with the Reserve Bank of Australia, sees BTC as a non-practical alternative to fiat. He’s admitted to having dabbled in BTC, but he does not believe that it can replace regular currency. Don’t take this to be a negative, however, as he’s right. Crypto was never meant to replace fiat – BTC and ETH are not carrying that on their backs.
Google has banned MetaMask, an ETH desktop wallet and decentralized web browser. The Google Playstore and Apple App Store seems to have followed suit. It’s believed that the reason why they’ve been removed is due to the crypto mining function that MetaMask provides.
Bithumb, the South Korean Crypto Exchange, is having to dig deep into its coffers to pay a steep tax bill. Seoul’s National Tax Service is looking for just under $69 million dollars from the exchange. The exchange was just heavily invested in by Vidente, the exchange’s largest shareholder. They own just over 34% of the exchange’s parent company. Bithumb plans on paying the tax bill to stay in the good graces of the government, but will contest the legitimacy of the claim.
Bitcoin SV, the one cryptocurrency that most closely follows Satoshi Nakamoto’s original vision for Bitcoin, is continuing to gain strength. More miners are joining as evidenced by several new pools joining the mix recently. The reason is simple – it’s simply more profitable to mine BSV than it is to mine BTC. This started when BSV implemented the Quasar upgrade, and will grow even more with the Genesis upgrade next month.
With Bitcoin having just celebrated its 11th birthday yesterday, it’s more critical than ever to recognize that there are improvements, small and large, since 2009. What do you think? Let us know on our Facebook Page!