The top news in the last 24 hours are shown below:
Swiss Cybersecurity Firm Opens Blockchain Center in Geneva
Switzerland-based blockchain and cybersecurity firm WISeKey has opened a Blockchain Center of Excellence in Geneva, according to an announcement on Feb. 1. The goal of the global blockchain centers is to coordinate with business, academia, and other centers and to share best practices and resources.
The CEO Of Twitter Pumps Bitcoin During A Podcast With Joe Rogan
Dorsey is the CEO of Twitter and Square Inc, and it is not new that he is pro-bitcoin. He has earlier stated that bitcoin might become the currency of the internet. That was about nine months ago. He argued that cryptocurrencies would make the world a lot easier for many companies.
Will Chinese New Year Celebrations Affect the Cryptocurrency Market?
Celebrations for the Chinese New Year began on January 28th, but the New Year will officially commence on February 5th. Moreover, festivities will continue until the 19th of February. This period is marked by celebrations, and many Chinese individuals choose to take vacations or visit relatives during it.
Markets Update: Traders Patiently Wait for Crypto’s Longest Bear Run to End
Cryptocurrency prices have been seemingly stable lately as there hasn’t been much volatility in the last two weeks in either direction. The overall market capitalization of the entire crypto economy has lost about $4 billion since our last markets update and global trade volumes are much slimmer than weeks prior.
Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison
Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping.
Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins
Blockchain startup Blockstack has revealed the company is developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by using a mechanism known as proof of burn (PoB).
Fidelity Announces Institutional Crypto Platform is in ‘Final Testing’
Fidelity has published an update announcing that its highly anticipated cryptocurrency exchange and custody platform, Fidelity Digital Asset Services (FDAS), has entered its “final testing” phase. The financial services provider also stated that it is exclusively serving a “select set of eligible clients” while developing the platform.