February is upon us, and with it comes more excitement in the cryptocurrency space. It looks as though a bear market is here. Lets take a look at the top news stories about crypto and the Blockchain for this week.
This week saw Ethereum’s founder, Vitalik Buterin, donate 2.4 million dollars to Aubrey de Grey’s SENS Research Foundation. SENS is focused on treating age related illness and thereby extending life expectancy. Vitalik has gone or record previously praising the Aubrey de Grey’s work and the research done by his SENS Research Foundation.
This has been a long time coming for hodlers of Cardano (ADA). The Ledger Nano S is one of the most popular cold storage solutions available on the market today, and Cardano is one of the most popular crypto currency for investors. As you can see in my cryptocurrency portfolio, I also hold Cardano; so this is exciting news indeed.
The IOTA tangle network is being incorporated into Taipei, Taiwan. This is a large scale project to make Taipei one of the world’s first and largest smart cities.The project includes many other tech companies like Taiwan’s very own ASUS. To begin with, citizens will be given a Tangle ID. The Tangle ID will be used by citizens to access government services and more.
The financial news coming out of Venezuela has been bleak as of late, but it is important for us not to ignore the Venezuelan people. The Venezuelan Government has announcement that they will have a token sale, similar to an ICO. They say the tokens will eventually be converted to the Petro cryptocurrency and pegged to the price of Venezuelan oil per barrel. Given the dishonesty of the Venezuelan Government lead by Nicolas Maduro , it is not known if any of this plan will take form. Some believe this is simply a tactic by Nicolas Maduro to cash in Venezuelan oil before it is even out of the ground.
The popular Japanese Cryptocurrency exchage, Coincheck is set to repay the 260,000 customers that fell victim to their recent hack. Hackers made of with around 530 million USD worth of NEM from the Coincheck exchange. Though it is unfortunate that these types of things happen, it is however nice to see an exchange trying to do right by its customers.