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Thursday, June 20, 2024

The most important crypto news of the week

War in Ukraine and how Bitcoin will continue, a possible Bitcoin ban has made waves, Bitpanda is becoming a Bitcoin bank, TenX founders have apparently hacked the DAO and Mexico wants to orient itself to El Salvador when it comes to Bitcoin.

The week was overshadowed by the shocking images from Ukraine. The most important events at a glance:

war in Ukraine

Since Thursday, February 24, there has been certainty. There is war again in Europe. With air and ground troops, Russia advanced into Ukraine. Large streams of people are said to have fled in Kiev, and the supply in the capital is threatening to collapse. The Ukrainian President Volodymyr Zelenskyj then declared a state of war.

Nerves are also on edge on the financial and crypto markets. The next few hours should be a real rollercoaster ride for investors. While crypto assets such as Bitcoin initially collapsed and crisis assets such as gold were significantly higher, the tide turned again and Bitcoin turned positive. The oil price was also able to increase significantly due to the confusing situation. The Russian stock index (RTS) literally imploded and the ruble also suffered heavy losses.

Crypto space appalled by EU bitcoin ban

A possible Bitcoin ban in Europe caused a stir this week. A final draft by the EU Parliament provides for a ban on proof-of-work-based cryptocurrency services. The SPD, the Greens and the Left prevailed in the negotiations. The message had made waves in crypto space. 

However, on Friday, February 25, Stefan Berger, CDU politician and member of the European Parliament, made the point . The European politician suspended the planned vote on February 28th.

Milestone for Bitpanda: Viennese fintech becomes a bitcoin bank

As BTC-ECHO exclusively learned, Bitpanda was able to complete the first acquisition in the company’s history. With the London start-up  Trustology  , the Austrians are taking over a leading provider of custody solutions for crypto and DeFi wallets in Great Britain.

With the takeover, Bitpanda Custody will become one of the largest custodians in Europe in one fell swoop.

TenX Founder Toby Hoenisch a Crypto Criminal?

The DAO hack of 2016 is still one of the most spectacular hacks in the history of the crypto market. Now there are accusations against Toby Hoenisch, co-founder of TenX, who is said to be responsible for the 2016 DAO hack. 

Mexico wants to orient itself to El Salvador

Will Mexico be the next country after El Salvador to adopt Bitcoin as legal tender? At least that’s what Mexican Senator Indira Kempis seems to have in mind after returning to Mexico from a trip to the Bitcoin Mecca.

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