Bitcoin's price saw some much-welcome relief over the last couple of days, surging alongside U.S. stocks amid speculation that the Federal Reserve and other central banks will support markets as the coronavirus spreads. The largest cryptocurrency by market value is currently trading in and around the $8,800 range after a deep plunge last week in tandem with traditional assets. This once again opens for discussion whether bitcoin is correlated with the wider investment market or an independent actor.
In News that is shaking up the sphere, Steemit, the decentralized blogging platform that recently partnered up with the Tron foundation has apparently utilized the resources of top exchanges like Huobi, Binance and Poloniex to reverse a recent blockchain “soft fork” that sought to reduce their ability to sway governance decisions...The apparent “hostile takeover” has angered community members and prompted some developers to pull back their steem-related applications
The U.S. Treasury Department is blacklisting 20 Bitcoin addresses associated with a pair of Chinese nationals accused of laundering millions of dollars worth of stolen cryptocurrency. As per various reports, the hackers are tied to Lazarus a group of cyber thieves allegedly linked to North Korea, known for stealing digital assets from cryptocurrency exchanges.