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The 5 Crypto News You Couldn’t Miss This Week!

Photo of: Joseph Stone
by Joseph Stone

Phase 0 of the new version of Ethereum arrives

That’s it, phase 0 of Ethereum 2.0 will be launched, theoretically next Tuesday, December 1st, 2020. For this to be possible, the number of ethers sent in the deposit contract had to be sufficient. And good news, a few hours before the deadline, 574,880 ETH have been sent to the famous contract. This is one of the last steps towards the deployment of phase 0, which will make it possible to carry out transactions between the Ethereum as we know it today and its future version. However, the final transition from proof of work to proof of stake is not expected for at least a year, said last week the co-founder of Ethereum, Vitalik Buterin.

Interest in XRP (Ripple) is at its highest level in two years

Ripple’s XRP token has been the talk of the town this week. Not only has interest in the term “XRP” reached its highest point in more than two years according to Google Trends, but its price has also risen sharply to 74 cents, a record since 2018. The analysis company Santiment also noted that “the number of unique addresses making transactions on the XRP network in a single day (24,408) was the highest since May 1 of this year”. Several explanations can justify this craze, notably the multiple international partnerships concluded by Ripple and the new financial services that the firm is preparing such as Paystring or the XRP lending platform that will be launched soon in Japan.

Bitcoin (BTC) makes the front page of the Wall Street Journal

This might be anecdotal, but in the end, it is rather indicative of a general trend and increased interest in Bitcoin in recent months: the famous Wall Street Journal put an article on Bitcoin on its front page on November 23. The article featured a sidebar about Bitcoin and a graph of its price with the following text: “Cryptocurrencies have attracted a wide spectrum of investors such as Wall Street billionaires Paul Tudor Jones and Stanley Druckenmiller, as well as other public figures, including a sports radio host”. Not surprising when you consider that Bitcoin has recently attracted the attention of large hedge fund managers such as Grayscale Investments as well as the growing number of individual investors who are choosing BTC as a safe haven.

Hotels in Argentina are preparing to adopt cryptocurrencies as a means of payment

We take a tour of Argentina where we learned this week that hotels are preparing to accept payments in cryptocurrencies after a long period of closure due to the COVID-19 pandemic. The newspaper La Nacion reported the information. Carolina Bottoli, the sales director of Argenway, a resort development company, said, “We have started to consider the idea of adopting payments using cryptocurrencies. These are definitely a hot topic in this country, because just this week we learned that an Argentinean politician wanted to create an exchange of cryptocurrencies… supported by the State. His bill will soon be debated by the provincial assembly.

John Lennon’s son and the Queen of England

Two international personalities made the cryptosphere talk this week. First of all the Queen of England. The British Journal of the blockchain association sent its last edition to the Queen of England who replied, unless it was her secretariat. Still, she showed an interest in the subject, which made several major cryptos actors like CZ, the CEO of Binance, wonder if the Queen had bitcoins and if so, how much. The other personality is John Lennon’s son, Sean Lennon, who spoke in the English podcast Orange Pill. The artist said that the expansion of Bitcoin in 2020 had lifted his spirits, calling the year “an ocean of destruction”. He also declared his faith in Bitcoin’s ability to change the world for the better. “Bitcoin is something that empowers people, a power they have never had before,” he said. John would surely have been proud of him…