Daily news update: February 16th, 2022

daily, canada, news

Crypto market update

Bitcoin aimed higher in the past 24 hours but was rejected at around $45,000. Most altcoins are also untypically stable as of now, with the apparent exception – Avalanche, which rose significantly.

Bitcoin (BTC) is now trading at 43,667 USD down by 1% in 24h

Ethereum (ETH) is now for 3,072 USD down by 2% in 24h

PlatonCoin (PLTC) is now for 0,504 USD down by 3% in 24h

Total marketcap is currently at 2.05 trillion USD down by 1% in 24h

(all data from Coingecko.com)

Daily news update

Twitter and Ethereum: Mobile users of social media platform Twitter can now add Ethereum addresses to the list of options for would-be tippers. The social media site announced the update on Wednesday. The move comes months after Twitter officially rolled out bitcoin tips via the Lightning network on mobile.

ConocoPhillips and mining: ConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining. The company disclosed that it is currently running a pilot project in Bakken, an oil-rich region in North Dakota where it had been selling excess gas to a third party Bitcoin miner, instead of burning it off.

Colorado accepting cryptocurrencies: Jared Polis – Governor of Colorado – recently announced plans to accept cryptocurrency for tax payments in his state. Taking a similar approach to Miami Mayor Francis Suarez, Colorado may even launch their own dedicated crypto token.

Financial Stability Board and cryptocurrencies: The Financial Stability Board is the latest regulator to issue a warning on cryptocurrencies. In a report published Wednesday, the financial body identified “vulnerabilities” in emerging crypto markets that it said raise the risk of financial instability worldwide. It studied vulnerabilities within three segments: “unbacked” assets such as Bitcoin, stablecoins, and DeFi platforms and other crypto trading venues. It pointed to the rapid growth. If this growth continues, the Financial Stability Board said, it “could have implications for global financial stability.”

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