As 2020 approaches, we’ve still got 4 more CryptoTraders Pro Weekly Reviews for 2019. This is one of four remaining CryptoTraders Pro Weekly Reviews!
IDAX has stopped deposits and withdrawals this week after their CEO suddenly disappeared. The Asian exchange is scrambling to fix and contain the mess, but users could be looking at losses in the millions of dollars.
Cryptocurrency is definitely loved in Russia, where the country has reportedly amassed huge stockpiles in an attempt to circumvent international sanctions. However, they have a hate relationship with the asset as well. The central bank of Russia is considering a total ban on the use of digital currency as a means of payment. Their logic is weak – they believe that crypto can’t be used as a type of currency, when there are clear examples to the contrary such as Venezuela.
The OK Group is making a massive $140 million dollar investment for blockchain research and development in China. The project will explore using blockchain in various sectors including healthcare, education, food safety, charity, and others.
Bitcoin SV (BSV) continues to impress. BSV was originally mocked for having large blocks and on-chain scaling – two things that many thought would not work. BSV is having the last laugh as BSV is proving itself to be a large-capacity, stable blockchain and crypto. According to Coin.Dance, BSV is handling more transactions per day than ETH and BTC.
Poloniex has told US users to withdraw their assets or start paying fees. US users continue to be hounded and harassed due to unclear and opaque cryptocurrency laws. Poloniex also declared that Digibyte (DGB) would be delisted from their exchange following a Twitter Spat.
Initial Coin Offerings (ICO) are back in the spotlight after the US Securities and Exchange Commission (SEC) filled Robert Cohen’s vacant position, the head of its cyber unit, with Kristina Littman. She will head the enforcement agency’s efforts into ICOs and fraud.
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