📮 18-03-2020
📈MarketCap: $148 B
📊24h Mcap %: -1.80%
⚠️Bitcoin Dom: 63.80%
📌Active Coins: 2,892
📍24h Vol %: -0.20%
💲24h Vol: $117 B
Trade On These Exchanges
- Bybit: http://bit.ly/36JuDQZ
- Bitmex: http://bit.ly/2M74PX9
- Binance: http://bit.ly/34urfrJ
- Advertise Your Products and Get Leads To Your Business,FREE REGISTRATION.Register link:✅👉 http://bit.ly/2YlhQRh
Buy Products and Gift Cards With Bitcoin👉 http://bit.ly/2sFJvSf
1. Tim Draper Believes Bitcoin Will Save The Day Once World Returns To Normalcy
Last week was undeniably one of bitcoin’s worst week characterized by a brutal sell-off and flash crashes as investors grappled with the coronavirus pandemic that has rocked the whole world. the coronavirus outbreak spared no asset as bitcoin and gold also slumped alongside the traditional stock market. However, venture capitalist Tim Draper, says when the smoke clears and a sense of normalcy is restored to the world, bitcoin is going to single-handedly save the day, not banks or governments. Read Full on ZyCrypto.
2. Record Bitcoin Price Volatility Fails to Unnerve HODLers
Bitcoin’s price volatility has surged to record highs but long-term HODLers don't seem to be deterred. Bitcoin’s price is down 40% on a month-to-date basis, the number of HODLers, or addresses holding coins for over a year, remains at 18.21 million om 16th March. The data indicate bitcoin’s investor community may believe bitcoin could become an integral part of the financial system in the future. “They see BTC’s value both in utility and price is substantially larger than what has been seen to date,” Justin Gillespie, CEO of Titus Investment Advisors and a bitcoin trader Read Full on CoinDesk.
3. South Korea to Grant $3.2 Million to Blockchain Companies
Two South Korean ministries, The Ministry of Science and ICT (Information and Communications Technology) and the Ministry of Information and Communication Industry Promotion have announced their support for the blockchain industry in the country with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology. The plan is to select nine projects through free public offerings and grant each one up to 450 million won ($360,000) in funding. Read Full on Cointelegraph.
4. BitMEX Blames Two DDoS attacks For Crashing Its Exchange
Some traders have blamed Bitcoin futures exchange BitMEX for causing the extreme Bitcoin price crash. BitMEX has revealed that the DDoS attack bringing BitMEX down resulted in widespread liquidations, exaggerating the price slide. BitMEX admitted to misdiagnosing this as a "hardware failure." As a result, a destructive domino effect ensued, ultimately causing the BitMEX outage. "We have fixed the underlying issue and have been working around the clock to introduce additional detection and response layers," said Arthur Hayes, CEO of BitMEX. Read Full on Decrypt.
5. Indian Government Inspected Crypto Businesses of the Country
The government of India has informed Lok Sabha, the lower house of parliament, about the Ministry of Corporate Affairs' inspection of cryptocurrency businesses. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur explained: “Bitcoin companies are not defined under the Companies Act. However, the MCA has conducted inspection through Registrar of Companies (RoC), Ahmedabad, in the matter of Zeb IT Services Private Limited to examine the aspect with regard to dealing in bitcoins.” Read Full on Bitcoin News.
6. Alibaba's Import E-Commerce Platform Adopts Blockchain Traceability System
Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system. The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to find out the purchasing goods detailed logistic information through scanning a QR code with Alipay. Alibaba told that adding blockchain technology to the import e-commerce platform can address the industry's traditional pain points like tracking, mismatching goods and logistics information. Read Full on Cointelegraph.
7. Report: Bitcoin (BTC) Could Be in New Accumulation Stage
Bitcoin (BTC) endured one of its biggest sell-offs last week, plunging by nearly 50 percent in one day. However, the hodlers who were burned by the market crash are now coming back, according to Glassnode data. The firm, which analyses Bitcoin's on-chain data, spotted that its HODLer Net Position Change model, which helps determine when whales are selling or buying BTC, flashed green after the brutal price dump. This means that long-term hodlers were buying more when there is blood in the streets. Read Full on twitter.
8. Toyota's Blockchain Lab for Exploring Auto-Industry Applications
Toyota has declared its deeper aspirations for blockchain technology within the automotive industry. Toyota Motor Corporation (Toyota) and Toyota Financial Services Corporation revealed a previously launched "cross-group virtual organization" known as Toyota Blockchain Lab on March 16, announcing the group had been operational since April 2019 alongside four other Toyota group subsidiaries. The group is hoping to better understand the applications of blockchain within the auto industry. Read Full on coindesk.
