Fidelity Buys into Hong Kong Digital Asset Platform – February 24

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,749

Bitcoin price retested the $10,000 mark over the weekend, failing to break through resistance, once again settling in the high $9,000s.

Top-20 altcoins may have reached a turning point, as Ethereum falls 1%, XRP almost 3%, and Tezos falling almost 7% today.

Top Stories for February 24, 2020 πŸ”₯

πŸ‘‰ Fidelity Buys into Hong Kong Digital Asset Platform

Fidelity International has purchased a 5.6% stake worth over US$14 million, in a Hong Kong-based cryptocurrency platform for professional investors.

The platform, BC Group, has sold a total of US$36 million worth of shares to large investors since January, despite a 7.6% fall in share prices this year.

πŸ‘‰ New EU Law Will Protect Cryptocurrency Businesses

A new law in the European Union – The Fifth Anti-Money Laundering Directive – will soon come into effect, and treat cryptocurrency businesses the same as any other.

Banks will no longer be able to blanket-ban cryptocurrency-related companies, now being required to provide full justification for any refusal of services, on a case-by-case basis.

πŸ‘‰ Vitalik Buterin Shares Ethereum 2.0 Roadmap

During an exclusive interview with Cointelegraph, Vitalik Buterin revealed some of the details of the plans for the launch of Ethereum 2.0 this year.

The roll-out will begin with “Phase 0”, in which Ethereum 2.0 will exists as an independent proof-of-stake (PoS) network. Phase 1 will follow, enabling sharding via 64 sidechains.

Eventually, once the network becomes strong enough, the platform will be merged with Ethereum 1.0.