Top Trending Cryptocurrency News of The Week: Jack Dorsey, QuadrigaCX, Facebook and VanEck Among Major Newsmakers

Cryptocurrency news
Cryptocurrency news

Top Trending Cryptocurrency News of The Week: Jack Dorsey, QuadrigaCX, Facebook and VanEck Among Major Newsmakers

Key highlights

  • Jack Dorsey and his love for Bitcoin
  • Argentina’s transport system now accepts BTC
  • A critical case of QuadrigaCX
  • Facebook Acquires Chainspace
  • VanEck adds dozens on new pages to Bitcoin ETP proposal

Jack Dorsey and his love for Bitcoin

Jack Dorsey, the founder of Twitter has again expressed his love and loyalty for Bitcoin while playing a new bitcoin game called “pass the torch” this week. Not just that, in an interview with Joe Rogan, Jack again stated that bitcoin will probably become the native currency of the Internet. He also said that he views Bitcoin as a currency rather than an investment and that he wouldn’t consider holding any other coins, not even Ether.

Argentina’s transport system now accepts BTC

In another boost to BTC use case, the Transportation system which is spread across 37 cities in Argentina now has integrated BTC as one of its payment options. The SUBE card [standing for Sistema Único de Boleto Electrónico] is essentially a credit pass for public transport services within the Buenos Aires metropolitan area and other Argentine cities have added Bitcoin as payment for citizens to pay their transportation expenses

A critical case of QuadrigaCX

QuadrigaCX case just takes some critical twists this week. After having established that Gerald Cotton, the founder of the exchange had passed away in Rajasthan in India and his wife filing the affidavit in Candanian courts, Zerononsense, a research portal has claimed that there are no identifiable cold wallets which are not connected to the internet but can only be opened through private keys only. The report also says the exchange was using user deposits to pay out users withdrawal.

Facebook Acquires Chainspace

In a surprising move this week, Facebook acquired a blockchain start-up Chainspace. The reason sighted behind this acquisition is the hiring of quality blockchain developers who come as part of the package. Chainspace, self-described as a “planetary scale smart contracts platform,” recently posted a note on its website, announcing that the team is “moving on to something new.”

VanEck adds dozens on new pages to Bitcoin ETP proposal

In the latest report coming from regulatory corridors of SEC, VanEck SolidX Bitcoin ETF has added around 30 ‘hardcore’ pages. The very first proposal of VanEck has been submitted to the SEC during June 2018 and has been withdrawn due to Govt shutdown on Jan 23, 2019. With regards to the same Gabor Gubacs of VanEck mentioned that

“There are some changes on it, we have incorporated changes to the proposal based on regulatory feedback and based on feedback from market participants,”

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Top Trending Cryptocurrency News of The Week: Jack Dorsey, QuadrigaCX, Facebook and VanEck Among Major Newsmakers
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Top Trending Cryptocurrency News of The Week: Jack Dorsey, QuadrigaCX, Facebook and VanEck Among Major Newsmakers
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Jack Dorsey and his love for Bitcoin Argentina’s transport system now accepts BTC A critical case of QuadrigaCX Facebook Acquires Chainspace VanEck adds dozens on new pages to Bitcoin ETP proposal
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Author: Abhinav Agarwal

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com

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Abhinav Agarwal 106 Articles

A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com

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