Segwit adoption on the rise, Venezuela launches petro token - Cryptsheets Recap - 21 Feb

Coinbase will be implementing Segwit over the next few days. The recent increase in segwit adoption has seen the mempool of Bitcoin cleared up and transaction fees getting as low as 1 sat/byte

Venezuela has announced the launch of it's petro token pre-sale. Some are reporting that $735m has already been raised. As covered previously, the country has turned to alternative sources of financing after it struggles to manage its current debt burden and is prohibited by U.S sanctions from issuing more debt.

Bank of England governor Carney claims Bitcoin has failed as a currency because it is neither a means of exchange nor a store of value.

Bitfinex, the digital-currency exchange being scrutinized by the U.S. Commodity Futures Trading Commission and the issuer of USD Tether, opened an account with ING after losing its relationship with Wells Fargo last year. The exchange has previously released relatively few details about its financial operations. Recent news about the termination of Tether's relationship with its auditor caused some to question the legitimacy of their claim to 100% USD backing. Bitfinex also today announced Segwit support.


source: bitgur.com

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