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Steem Doubled in Price After Justin Sun Controversy
19.3.2020
Steem (STEEM), the social media-like blockchain platform launched in 2016, has seen a massive surge over the past two days, after it decided to evade a hostile takeover by Justin Sun and the Tron Foundation by moving the entire platform over to a new blockchain called Hive. The new blockchain...
South Korean Crypto Exchanges Ready Compliance Measures as Clock Ticks
19.3.2020
South Korea’s landmark Special Financial Transactions Information Act amendment was promulgated earlier this week, a fortnight after the country’s parliament voted unanimously in its favor.
Although many industry players have been galvanized by it, others have warned that its stipulations – which...
Bitcoin Rallies as Fiat Currencies Drop Against the U.S. Dollar
19.3.2020
After a major market crash last week, bitcoin (BTC), the most popular cryptocurrency, at least today is somewhat showing its power as a hedge against risks inherent in fiat currencies and the broader financial system.
Trading up 12% over the past 24 hours as of press time (USD 5,772 at 12:41...
Bitcoin Oversupply Issue Over & Prices Now Stable, Says Chainalysis
19.3.2020
Blockchain and analytics specialist Chainalysis says that although bitcoin (BTC) inflow volumes to exchanges are still high, it looks as though prices have attained some degree of temporary stability.
In a recent report on the state of the BTC market, analyst Philip Gradwell wrote,
“The majority...
Relief to Bitcoin Miners as Difficulty Set For Largest Drop in Five Months
19.3.2020
Bitcoin (BTC) mining difficulty is now estimated to drop in six days, offering relief to miners, squeezed by the market crash and the current record-high mining difficulty.
The next adjustment will see the difficulty, a measure that shows how hard it is to compete for mining rewards, go down...
Bitcoin and Altcoins Testing Bullish Break
19.3.2020
Yesterday, we saw a downside correction in bitcoin price below USD 5,300. However, BTC/USD remained well supported above the USD 5,000 and USD 5,050 support levels. It is currently (08:30 UTC) rising steadily and likely attempt an upside break above USD 5,550.
Similarly, most major altcoins...
Why Is South Korea’s Coronavirus Fatality Rate so Low?
18.3.2020
With the coronavirus pandemic raging – bringing illness, death, and unprecedented economic decline in its wake, the pressure is on scientists, doctors and statisticians to pick key patterns out of the flood of coronavirus-related data.
In fact, rewind a few weeks and you may recall that South Korea...
4 Financial Giants Launch Blockchain-Based Tech Platform + More News
18.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange, and Natixis Investment Managers have...
Fiat Money Printer 'Goes BRRR,' Is It a Time To Sell All Cash For Bitcoin?
18.3.2020
Source: iStock/D-Keine
The Cryptoverse has been seeing calls from some industry players to sell cash for cryptocurrency, claiming that cash is about to become worthless, as the fiat money "printer went brrrrr." However, others warn that, while using bitcoin (BTC) as a hedge is a good...
Hyundai Blockchain Subsidiary Hdac Launches First Dapp on its Mainnet
18.3.2020
Hdac, the blockchain and cryptocurrency subsidiary of South Korean conglomerate and auto giant Hyundai, says it has overseen the release of the first decentralized app (dapp) on its blockchain network – and adds that a “blockchain-powered trading platform” will follow.
The dapp has been developed...
Could the Russian Central Bank Try to Ban Bitcoin Mining?
18.3.2020
Cryptocurrency enthusiasts and business insiders have reacted with alarm to a recent interview given by the head of the central Bank of Russia’s legal department hinting that cryptocurrencies could be outlawed in the country – leading to a possible block on Bitcoin (BTC) and altcoins mining.
Recent...
Ethereum and XRP Test Supports
18.3.2020
The broader crypto market once again saw some selling on Wednesday, although the pace of the sell-off has certainly slowed and the market appears to be searching for firm support. For major coins like ethereum (ETH) and Ripple’s XRP, that means looking for chart levels from as far back...
Steem Moving to Hive to Evade Justin Sun's Control
18.3.2020
Source: @SolitudeAU, Twitter
The Steem (STEEM) community has decided to end the battle with Justin Sun and the Tron Foundation, but in a way that no one saw coming. In order to escape Sun's grasp, the leaders of this Medium alternative are packing their bags and moving Steem altogether.
The Steem...
Interest in BTC Futures Drops Amid Discussions of Financial Market Closure
18.3.2020
Despite record-high volatility in bitcoin (BTC), derivatives traders appear to be pulling money out of the market, while a “rush to cash” becomes the overarching theme for the financial markets. The moves in bitcoin follow major volatility in the traditional financial markets, where some of...
Bitcoin and Altcoins Correct Gains
18.3.2020
Yesterday, we saw a decent upward move in bitcoin price above the USD 5,000 resistance area. BTC/USD even climbed above the USD 5,200 and USD 5,350 resistance levels. However, BTC/USD struggled to gain traction above the USD 5,500 resistance and it is currently (08:30 UTC) correcting...
Maker Accepts USDC as a Collateral, Becomes 'Less Trustless' + More News
17.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
DeFi news
As a result of an Executive Vote held today, MKR holders have accepted USD Coin (USDC) as a new collateral asset in...
China Inches Closer to Its Digital Yuan With This Infographic
17.3.2020
The Shanghai branch of the central People’s Bank of China (PBoC) has published an infographic on its official WeChat account to educate the public about digital currencies – and warn them of the dangers of coronavirus-themed cryptocurrency scams.
A screenshot of People’s Bank of China’s infographic...
Blame Short-term Bitcoin Holders For the Price Crash Again
17.3.2020
Sometimes, the history indeed repeats itself. In the Cryptoverse, it's the short-term traders who have been driving the most recent sell-off. Again.
As reported in October 2019, crypto market analysis firm Coin Metrics found that the bitcoin (BTC) selling pressure at the time originated from...
Brave Files Data Use Complaint Against Google
17.3.2020
Blockchain-powered decentralized browser operator Brave (BAT) has filed a formal General Data Protection Regulation (GDPR) complaint against Google, stating that the search engine giant has violated regulations pertaining to its users’ data.
Brave claims Google has violated Article 5(1)b of...
Tips To Maximize Crypto Trading Signals
17.3.2020
Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com journalists.
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