CryptoMonday: Bitcoin up!

Maja Mazur
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Bitcoin surged up, waste management firm launched a blockchain platform in UAE and crypto scammers got arrested in India. Catch up on what happened over the weekend in the cryptoworld!

Monday news

According to our tradition, we’ve prepared a several pieces of information on what recently happened in the cryptocurrency space. In one of our previous CryptoMonday articles, we wrote about finding Satoshi Nakamoto’s tweet and whether it’s real. This time, the news might be a little less revolutionary, but to some, still very surprising.

Bitcoin gets back on its feet

Our 10-year-old, most popular cryptocurrency hasn’t been doing the best in these past few months, to say the least. The prolonged stagnation was messing with many trader’s faith that Bitcoin would ever reach the last year’s 20,000 USD again. But then suddenly, on Sunday, the price started to grow. Over just a couple of hours, it went from 3,619 USD to 3,760 USD. In just 24 hours, 2,9% of growth was noted!

UAE – the country of the future

On Sunday, February 17, Emirates News Agency reported that there will be a new blockchain-based waste permit portal available in Sharjah, the United Arab Emirates. It will be developed by a recycling and waste management company, Bee’ah, and also by the Hamriyah Free Zone Authority (HFZA). The platform will be used to validate and process permit-related transactions in a quicker, cheaper and easier way, thanks to the blockchain technology.  

India seizes crypto criminals

A local media outlet The Times of India reported that the group involved in a cryptocurrency scam estimated at 1 billion rupees (nearly 17 million USD) has been arrested. The group consisted of four people – Rajnikant Kumavat, Alpesh Barodia, Sanjay Sontakke, and Kirankumar Panchsara. Reportedly, the police are also looking for a fifth suspect, named Ashok Goyal, who was the brain of the operation. The arrest was possible thanks to a complaint filed by a resident of Surat, one of the Indian cities.

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