Here’s what happened this week in Bitcoin in 99 seconds.
Elon Musk, the tech entrepreneur and CEO stated that he considers Bitcoin’s design to be “quite brilliant” and views it as “a far better way to transfer value than pieces of paper.” Musk denied any plans to involve Tesla in crypto mining.
Last week, it was reported that online retailer Rakuten, considered Japan’s Amazon, may support crypto in its new payment app. The app is scheduled to launch in March.
Coinbase announced its acquisition of Neutrino, an Italian coin tracking startup. Neutrino’s CEO is notorious for having previously sold spyware to governments, police forces, and corporations.
Chinese crypto mining giant, and ASIC producer, Bitmain, revealed a half billion Dollar loss for the third quarter of 2018. Bitmain is revealing its financial state as it attempts to get listed on the Hong Kong stock exchange.
Electronics giant Samsung announced the features for its new S10 phone. Among them was Samsung Knox, an integrated hardware wallet for the secure storage of crypto private keys.
And finally, Bitcoin’s blockchain is currently processing around 3.8 transactions per second or around 315,000 per day. This is the highest level since the peaks in 2017, when insufficient capacity drove transaction fees to record highs. However, fees currently remain low due to the extra capacity afforded by the SegWit and more efficient blockspace usage.
That’s what happened this week in Bitcoin. See you next week.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Maximize Your Trading With Margex’s 20% Deposit Bonus
Hottest Meme Coins to Buy in April? Retail Target Latest Crypto For Mega Gains
AR.IO Brings The Permanent Cloud to AI Storage Crisis
10 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
4 Days Left For Early Investors in World’s First Meme Coin Index: Meme Coin Mcap Hits $56Bn
