Coinbase, First Crypto Company Approved as Visa Principal Member | Cryptoknowmics
Daily Crypto Headlines of the Day
1. Slovakian Racer Peter Sagan Refuses Involvement In Crypto Scam
On Wednesday, Peter Sagan issued a statement denying any involvement with a crypto scam. He also offered a link to an article in which he was shown like he endorsed the scheme that could probably make anyone a millionaire within 3 to 4 months.
2. Willy Woo: Bitcoin $727B Annual Investment Flow Can Beat Visa
Willy Woo, a statistician who analyzed the data of monitoring resource Coin Metrics, stated that the investment flow of Bitcoin is $727 billion annually. Bitcoin is processing 1% of the total GDP of the world. According to Woo, if the volumes of Visa’s payment stagnate, BTC can beat the payment giant within five years.
3. CFTC’s Office of General Counsel's Stance on Telegram’s GRAM
The letter filed by the CFTC claims they understand Telegram’s logic that the GRAM token is a commodity, not security. This means GRAM should not be registered under the Securities Act of 1933. However, the letter does not seem to provide an explicit answer as to whether GRAM is a commodity or a security.
4. Peter Theil Backed Layer1 Technology Starts Mining Operation in West Texas
Layer1 Technology, backed by one of the biggest names in tech investing Peter Thiel, has officially commenced its mining operations in West Texas. Layer 1 brought online several bitcoin mining containers, which cover about 30 acres of land. Each container has a 2.5 megawatts (MW) power capacity.
5. Coinbase, First Crypto Company Approved as Visa Principal Member
Coinbase has become the first pure-play crypto company to be authorised as a Visa principal member. The membership with Visa facilitates to improve customer experience and will aid in spending cryptocurrency in everyday situations. The partnership would allow Coinbase to offer Bitcoin Debit Card.
6. Tokenomica Begins OTC Desk Including BTC-EUR Pair
Tokenomica, a cryptocurrency exchange from Malta(Africa) has declared to launch its OTC(over-the-counter) trading desk, which would allow traders within the continent to trade Bitcoins with euros.
7. Bitcoin Supply Dominated by Large Addresses Drops to 11%
As of February 2011, the percentage of Bitcoin supply dominated by these large addresses (those with a balance of at least one-thousandth of the total BTC supply) raised by 33%. However, the percentage has dropped 3x to 11% in February 2020.