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Bitcoin News Roundup for Feb. 20, 2020
With the price of bitcoin diving nearly 7 percent in the last 24 hours, Markets Daily is back with another time-saving bitcoin news roundup.
By John Biggs
Updated Dec 11, 2022, 1:51 p.m. Published Feb 20, 2020, 5:00 p.m.
With the price of bitcoin diving nearly 7 percent in the last 24 hours, Markets Daily is back with another time-saving bitcoin news roundup.
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Today's news:
Bitcoin Traps Buyers With Biggest Daily Price Loss in Three Months
Coinbase becomes a Visa principal member
Korean ICO Project Shuts Down, Says 'Negative Perceptions' of Crypto Made Business Impossible
Samsung Continues Support for Crypto With New Flagship Smartphone
Victoria's Secret Sells Control to Sycamore; Wexner Steps Downhttps://finance.yahoo.com/news/victoria-secret-sold-1-1-063131051.html
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin Volatile Near $94K as Fed's Powell Straddles Labor Market and Inflation Issues
"Powell is threading the needle between their two mandates," said one analyst.
What to know:
- Crypto prices were modestly higher, but also volatile following the Fed's rate cut earlier Wednesday.
- In his post-meeting press conference, Fed Chair Jerome Powell took note of a labor market that might be weaker than previously thought, while also sounding cautious about gains made in fighting inflation.
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