Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I like to use and an alternative to CoinTelegram called BeInCrypto.
BeInCrypto is a news website founded in August 2018 that specialises in cryptographic technology, privacy, fintech, and the Internet — among other related topics. The primary goal of the website is to inject transparency into an industry rife with disingenuous reporting, unlabelled sponsored articles, and paid news masquerading as honest journalism. You can visit their website by clicking here or join their new Telegram Trading channel by clicking here. I am also part of that group and like the content they are discussing. There is a lot of news that came out last week, So let's get started!
Though the trade most likely did not go through, a drastic candle on Coinbase Pro saw 42,000 bitcoins sold at $0.18.According to the order book, over 42,000 BTC was sold at $0.18. However, it was likely a UI error and that the trade didn’t go through — as some users commented on social media. To read the full article, click here.
Certain technical signals and indicators are suggesting that Bitcoin has already bottomed and is in recovery mode. There is unlikely to be much further miner capitulation as selling pressure wanes. Providing there is no further lower-low in terms of price, things could start to look bullish again for BTC and its brethren. Click here to read the full article.
TRON’s founder Justin Sun, known for being sensationalist in his self-promoting, just released a token named after himself. In a special announcement, the TRON stablecoin platform has completed a test of a new token. Called JUST, it is a stablecoin which will run on the TRON network. The token will be trading under the abbreviation USDJ and launched its mainnet on April 4. The token’s name is clearly inspired by Justin’s own name which did not go unnoticed. Read the full story by clicking here.
Marion Laboure, a researcher for Deutsche Bank, has co-written a paper that suggests the current COVID-19 outbreak which has been known to transmit through the transfer of paper money, could accelerate the already heightened interest in Central Bank Digital Currencies (CBDC). To read the full story, click here.
With economic uncertainty rising around the world, Google search interest for the term ‘Bitcoin’ is also growing in some nations. While the rest of the world is a long way from peak search volume, a group of developing nations has seen a dramatic spike.
The swelling search volume comes from nations in both Africa and South America. Both are continents with poorly developed banking infrastructure and relatively weak national currencies. To read the full article, click here.
Security researchers have uncovered nine websites that are using malicious QR codes to scam users of their BTC. Amid the current chaotic global situation, hackers are inventing new ways to steal BTC from users. A recently uncovered QR code method stole some $45,000 from individuals during the month of March. To read the full article, click here.
The creators of CryptoKitties have obtained a patent in Brazil for a blockchain game that has garnered the support of the US National Basketball Association (NBA). The blockchain industry continues to impact the sports world in a big way. The NBA plans to issue its own collectibles, and it’s tapping into a well-known development group to make it happen. To read about this amazing announcement, click here.
Currently, CoinMarketCap claims that Binance’s real adjusted trading volume is only one-third of what the exchange claims. Will Binance’s recent acquisition of CoinMarketCap change these numbers?The recent acquisition of CoinMarketCap by Binance shocked many in the cryptocurrency industry. Many saw it as a clear conflict of interest—could a cryptocurrency data website stay objective when owned by an exchange? To read the analysis, click here.
Bitcoin Halvings happen every four years — coincidentally falling in line with US election cycles. Was this all a part of Satoshi Nakamoto’s master plan? There has been much speculation over why Satoshi Nakamoto chose halvings for Bitcoin to take place roughly every four years. However, one convincing theory is that Satoshi planned to align them with the US presidential election years. Click here to read the full article.
That is my weekly roundup of the interesting news coming from the crypto world. What do you think about the topics / news stories and what was your favourite article? If you liked the content, please consider following me and tipping the article. Also are you a trader? If you are check out my favourite Telegram Trading chat, where you can discuss and find out more about crypto projects. Click here to start conversations with other crypto traders!