This week the Layer1 crew discusses the latest on Justin Sun's hostile takeover of the Steemit network, how Coronavirus is affecting exchanges and miners, the release of the NFT Yearly Report by NonFungibles, and the EOS proposal that burned $100m+ worth of EOS tokens and reduced inflation to 1%.
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Steem Hostile Take Over
https://bitcoinexchangeguide.com/steem-community-launches-soft-fork-to-limit-justin-suns-potential-voting-power/
Square says half of its Cash app 4th qtr revenue came from bitcoin transactions
https://www.techspot.com/news/84185-square-half-cash-app-quarterly-revenue-came-bitcoin.html
https://www.coindesk.com/sec-rejects-latest-bitcoin-etf-bid
Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection
https://cointelegraph.com/news/wilshire-phoenix-slams-sec-for-bitcoin-etf-rejection
Third-Party Cryptos Could Launch on XRP Ledger, Says Ripple’s David Schwartz
https://www.coindesk.com/third-party-cryptos-could-launch-on-xrp-ledger-says-ripples-david-schwartz
Bitfinex has announced that it has repaid its sister company, Tether, USD $100 million of the $700 million
https://bitcoinist.com/bitfinex-claims-repayment-of-100-million-to-tether/
Whistleblower Outs ‘Wolf of Kyiv’ for $70 Million Bitcoin Scam
https://cointelegraph.com/news/whistleblower-outs-wolf-of-kyiv-for-70-million-bitcoin-scam
https://cointelegraph.com/news/bitcoin-hash-rate-hits-new-all-time-high-as-miners-shun-price-drop
Ethereum, Tron, EOS whales are propping up gambling dapps: report
https://decrypt.co/20938/ethereum-tron-eos-whales-propping-up-gambling-dapps-report
Richest in crypto list is debuted: CZ comes in at #1
https://coincodex.com/article/7159/the-richest-people-in-crypto-and-blockchain/
Polkadot has selected Chainlink to integrate and use it's oracles (first non-ETH project that selected Chainlink)
https://www.coindesk.com/polkadot-to-use-chainlink-oracles-for-interoperability-network
Steem Hostile Take Over
https://bitcoinexchangeguide.com/steem-community-launches-soft-fork-to-limit-justin-suns-potential-voting-power/
Chinese cryptocurrency exchanges and other blockchain companies are coping with a new reality as the coronavirus outbreak continues to disrupt their daily operations
https://www.coindesk.com/chinese-crypto-and-blockchain-firms-grapple-with-coronavirus-outbreak
“Blockchain City” in the Nevada desert has laid off a tenth of its employees
https://decrypt.co/20969/nevadas-170-million-blockchain-city-facing-challenges
NFT Yearly Report 2019 is live!
https://nonfungible.com/blog/nft-yearly-report-2019
Twitter CEO Jack Dorsey soon to be gone?
https://www.coindesk.com/new-twitter-investor-may-remove-bitcoin-advocate-jack-dorsey-as-ceo
98% of minining rigs fail to confirm a transaction
https://cointelegraph.com/news/analyst-claims-98-of-mining-rigs-fail-to-verify-transactions
ETH's proposed "ProgPoW" replacement for Ethhash (current PoW hashing algo) is under scrutiny
https://cointelegraph.com/news/ethereum-community-comes-out-against-controversial-progpow
https://decrypt.co/20757/is-ethereum-in-danger-if-controversial-upgrade-passes
1% Inflation, Token Burn
https://medium.com/@SummitDecent/34-million-eos-tokens-burned-as-per-the-proposal-by-eos-nation-38dc50dc69d7
https://twitter.com/eosnewyork/status/1233049659712720896?s=20
South Korean Crypto Platform Expands Borderless Payments Powered by Ripple to 12 Corridors
https://dailyhodl.com/2020/03/02/south-korean-crypto-platform-expands-borderless-payments-powered-by-ripple-to-12-corridors/
Binance has announced it is integrating with a Turkish bank, which will allow for easy deposits and withdrawals of Turkish Lira (TRY) on the exchange
https://beincrypto.com/binance-officially-integrates-with-a-bank-for-the-first-time-ever/
Binance partners with "Shyft" network to share KYC data
https://cointelegraph.com/news/binance-joins-blockchain-network-for-cross-industry-kyc-data-sharing
Red Swan crushing the STO game with over 2bln in tokenized real estate/land on the way; ICYMI Tezos partnered with Tzero to tokenize british real estate
https://www.coindesk.com/startup-tokenizes-2-2b-in-commercial-real-estate-through-polymath