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Down 26%: Bitcoin Sees Worst Sell-Off in 7 Years as Coronavirus Spurs Flight to Safety
12.3.2020
Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies
Bitcoin News Roundup for March 12, 2020
12.3.2020
Coronavirus is changing fintech as we know it while Magic Leap crashes. This is CoinDesk's Markets Daily Podcast
Pre-crash Data: Number of Addresses with 1 Bitcoin Hit All-Time High
12.3.2020
The Cryptoverse had welcomed another all-time high - that of, let's call them, wholecoinddresses (addresses with at least 1 bitcoin).
The number of investors holding 1 Bitcoin (BTC) or more, known as wholecoiners, seems to be on the rise recently. Though we can't be sure how many investors...
Chase Bank Settles on Credit Card Crypto Transactions Class Suit
12.3.2020
US-based Chase Bank has settled an agreement with a class of customers who claim the bank billed their credit card cryptocurrency transactions by classifying them as expensive cash advances without prior warning.
Chase’s customers Brady Tucker, Ryan Hilton, and Stanton Smith accused the bank...
Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B
12.3.2020
Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged...
UK Financial Regulator: Watch Out for Coronavirus Crypto Scams
12.3.2020
The United Kingdom’s Financial Conduct Authority is asking investors to watch out for coronavirus-related crypto scams
Xi Praises Blockchain Again, Says it Can Be Used to Fight ‘Fake News’
12.3.2020
Xi Jinping. Source: a video screenshot, Youtube, VICE News
Chinese President Xi Jinping has voiced fresh support for blockchain technology, praising its ability to aid efforts to fight the spread of the coronavirus epidemic that has infected almost 81,000 Middle Kingdom citizens.
Xi’s first...
Bitcoin Tackles $6K After 20% Crash as Stocks Rival 1987 Apocalypse
12.3.2020
The FTSE alone mimicked its near-death experience from 33 years ago as Bitcoin attempted to stem its own 20% nightmare
Crypto-keen Japanese Securities Giant Joins STO Association
12.3.2020
The Japanese cryptocurrency scene could be about to welcome another major player to the fray – after major securities and brokerage firm Tokai Tokyo became the latest member of an increasingly high-profile and powerful-looking security token offering (STO) association.
The move comes just months...
Overstock Sued by Shareholder Over Former-CEO’s $90 Million Exit
12.3.2020
An Overstock shareholder is seeking documents that he believes will demonstrate collusion between the firm’s directors and CEO Patrick Byrne
OKCoin Launches Support for Singapore Dollar and Opens Local Office
12.3.2020
OKCoin now allows users in Singapore and Brunei to trade the Singapore dollar against Bitcoin and Ether
French Regulators Propose a European Regulatory Sandbox for Security Tokens
12.3.2020
French regulators have suggested creating a regulatory sandbox for businesses to experiment with security tokens
PlusToken Scam Still Has BTC 61,229 Undistributed - Report
12.3.2020
The PlusToken scam project might still have undistributed BTC 61,229 (USD 369 million) that might affect the market, according to investigative firm OXT Research.
The widely talked about USD 2.9 billion PlusToken Ponzi scheme pops up on media and research company's radars ever so often...
Maker DAO Launches Bounty Program to Get a Foothold in Blockchain Gaming
12.3.2020
Dai can serve as a “real parameter” of dollar-pegged value for video game economies, claims MakerDAO, as it launches a new bounty program for developers
Panic Attack: Bitcoin Crashes to USD 6,000, Altcoins Bleed More
12.3.2020
The downturn in the crypto market just accelerated.
As of press time on Thursday (10:50 UTC), bitcoin traded at USD 6,000, down more than 15% over the past 24 hours. The move occurred amidst erratic trading in digital assets, with price reaching as low as the USD 5,500 level before recovering.
The...
Australian Tax Authorities Shed Light on Recent Crypto Investor Outreach
12.3.2020
An Australia Tax Office spokesperson told Cointelegraph the agency is offering taxpayers “the opportunity to fix any mistakes” they may have made in their reporting
BREAKING: Bitcoin Crashes 17% in 1 Hour Below $6K in Coronavirus Panic
12.3.2020
Coronavirus proves the last straw for Bitcoin as a huge sell-off sends BTC/USD to $6,300
JPMorgan Chase Settles in Suit Over Credit Card Crypto Purchases
12.3.2020
JPMorgan Chase has settled a $1 million lawsuit with three men over abrupt changes made to its credit card fees for crypto purchases in 2018
Bitcoin Can Hit $6K Then Rise to $20K in 2020 Crisis, Says BitMEX CEO
12.3.2020
Bitcoin investors should endure $6,000 pain before the bull cycle returns with a vengeance, says BitMEX
New South Korean Crypto Law May ‘Force 190 Exchanges to Close’
12.3.2020
While much of the South Korean crypto community is still celebrating the introduction of the country’s first-ever piece of crypto-specific legislation, others are warning that the overwhelming majority of crypto exchanges will likely go under once the new laws’ banking stipulations come into...