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Bitcoin News Roundup for March 2, 2020

With bitcoin taking a breather after last week's abrupt fall, Markets Daily is back with another time saving news roundup.

Updated Dec 6, 2022, 6:28 p.m. Published Mar 2, 2020, 5:11 p.m.
MD FEB 27 RELEASE

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STORY CONTINUES BELOW
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Today's news:

Chinese Crypto and Blockchain Firms Grapple With Coronavirus Outbreak

Bitcoin Rallies After Biggest Weekly Drop Since November

West Virginia Ditches Blockchain Voting App Provider Voatz

New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO

Revealed: fake 'traders' allegedly prey on victims in global investment scam

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Protocol Research: GoPlus Security

GP Basic Image

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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Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin

Osaka castle (Wikepedia)

Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.

What to know:

  • According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years.
  • Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for bitcoin.