Welcome to 2020
Ethereum completes the new upgrade, Bitcoin pumps in Iran, and everyone is waiting for halving! BTCMEX is here with the first week’s of the decade crypto news recap.
Ethereum completed Muir Glacier
The Ethereum blockchain has completed the new Muir Glacier on January 2, 2020. The upgrade is another step towards the Ethereum Serenity, or Ethereum 2.0, so expected by the Ether community.
Muir Glacier reportedly delayed the difficulty bomb for another 4,000,000 blocks though. There were certain concerns about the Hard Fork, as many were convinced the network was not ready for further updates. It is currently estimated that around 80% of the total active nodes on the network are Muir Glacier-ready.
Bitcoin surpassed all-time high in Iran
The crypto community in Iran reacts to the tension between Washington and Tehran. The airstrike at Baghdad’s airport ordered by United States President Donald Trump, killed the head of the Iranian Revolutionary Guards’ elite Quds Force, General Qasem Soleimani.
Iran based sellers are currently asking for more than $24,000 per Bitcoin on the LocalBitcoins peer-to-peer exchange. The intervention has also provoked global oil prices to 3% raise.
Bitmain steps back
Bitmain, the cryptocurrency mining giant located in China, announced the personnel optimization plan before the next Bitcoin halving. According to the plan, the company will reduce its workforce by 50%.
The layoff is expected before January 17, 2020, when the mining machines producer will have the annual meeting.
UK is to launch a Crypto Bank
A former Barclays executive, Mark Hipperson, announced the launch of his digital banking venture, Ziglu, in the first quarter of 2020.
The idea behind the project is to create the all-digital account, which would support multiple currencies, both fiat and crypto. Moreover, it would allow to make transactions and exchange funds freely. The system is to be linked with Mastercard to enable payments all around the world.