Top Five Crypto Events of the Past Week, January 25-31, 2019

Top Five Crypto Events of the Past Week, January 25-31, 2019

crypto market

Many events have taken place in the crypto market of late. In this article, we will be mentioning just five of the key events that shook the crypto world this week.

Bitcoin Climbs up in CCID’s First Crypto Ranking of 2019

According to a recent report, China’s Center for Information and Industry Development (CCID) has released its latest ranking of 34 crypto projects. The new ranking saw bitcoin rising to becomes the 15th best crypto project. Although this is the first update for 2019, the updated ranking is the ninth update overall. In this ranking, EOS and Ethereum maintained their first and second positions respectively.

Binance has Enabled Debit and Credit Card Payments

According to a recent press release from the Binance exchange team, the exchange has entered into a partnership with Simplex, a company that provides secure payments processes on a global scale, to start accepting debit and credit card payments.

The announcement from the exchange team reads:
“Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On, you can now buy crypto with credit cards and start trading in minutes.”

Fidelity’s Bitcoin Custody Service Set For Launch in March

One of the largest private companies in the USA, and the world’s fourth-largest asset manager, Fidelity investment has recently confirmed its plans to venture into cryptocurrency. The company is planning to launch its Bitcoin Custody Service as soon as March.

Gemini Passing SOC-2 Examination a Step Towards Bitcoin ETF Approval

Winklevoss twins’ Gemini exchange has recently made it known that the exchange has successfully passed a Service Organization Control level 2 (SOC-2) type 1 examination by big four accounting firm Deloitte. With its success, the exchange is now ready and qualified for possible approval of their Bitcoin ETF petition.

NEM Foundation is on the Brink of Bankruptcy

The NEM foundation, the development team behind the popular cryptocurrency project, NEM, as recently made it known, through its chairman, that the foundation is about to go bankrupt. The foundation is already making plans to lay off a huge chunk of its employees. The foundation has blamed the ongoing downtrend and the mismanagement of funds from the previous council as the cause of the likely bankruptcy.