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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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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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