An open decentralized finance protocol has launched its core product today: RenVM bridges blockchains, enabling Bitcoin, Bitcoin Cash, and Zcash to be brought to the Ethereum blockchain.
“In order to stem the spread of the coronavirus, people are taking drastic measures which are having huge implications for the global economy,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus. “The global economy basically went from booming in February to grinding to a virtual halt in March. Bitcoin isn't immune to that.”
The founder of Bitcoin SV (BSV) and self-proclaimed Satoshi Nakamoto claimed to own “full rights to the Bitcoin registry” in a blog post on Feb. 13. Very few people outside of Bitcoin SV supporters believe him.
Ciara Sun, Vice President of Global Business at Huobi Group, said 2020 is the beginning of the “next phase of crypto. 2019 brought the first wave of institutional interest but 2020 is when we expect to see the industry mature with growing demand.”