📮 06-03-2020
📈MarketCap: $261 B
📊24h Mcap %: 3.64%
⚠️Bitcoin Dom: 63.5%
📌Active Coins: 2,854
📍24h Vol %: 0.2%
💲24h Vol: $142 B
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1. Report: South Korea Legalizes Cryptocurrencies
According to the report, South Korean financial regulators have approved cryptocurrency trading in the country. The amendment that allows cryptocurrencies to be traded legally was passed earlier today during a full session of the National Assembly, citizens of the country are now allowed to legally trade and hold digital currencies. Cryptocurrency trading platforms will have to comply with reporting requirements. The local blockchain industry is likely to be restructured after this crucial event. Read Full on thenews.
2. Chinese Province Sees First Official Blockchain Zone
China's Hunan province, a major blockchain hub in the country, is now establishing its first provincial blockchain zone in the city of Loudi. Luodi blockchain zone has already attracted a number of industry-leading enterprises including Shareslink, Hyperchain, Incite Data and Shenzhen Defang Technology. The province has preliminarily plans to build three major blockchain zones: blockchain industrial parks in Wanbao’s new district of Loudi city, and other in Jingkai district and Gaoxing district in the city of Changsha. Read Full on Cointelegraph.
3. Huobi Launches Crypto Exchange in Thailand
Huobi is expanding its reach as a global cryptocurrency business by expanding into S.E. Asian crypto markets, this time in Thailand. Huobi Thailand will be using Huobi’s cloud platform to offer regulatory compliant trading of crypto-assets in Baht. Trading will initially be offered in BTC, ETH, USDT, and Huobi Token (HT), although future plans include adding a variety of popular crypto-assets to the platform. BCH, BSV, LTC, and XRP are the first coins slated to be added shortly. Read Full on Bitcoinist.com.
4. Max Keiser: Coronavirus Will Send Bitcoin Price to $100,000 in 2020
Max Keiser believes that a sky-high Bitcoin price will come this year purely as a result of coronavirus’ impact on the fiat economy. He told, global panic would have a profound impact on Bitcoin uptake this year. He told, Bitcoin (BTC) will reach $100,000 and Jamie Dimon will be “begging” the United States Federal Reserve for money to buy some. He explained in 2020, Bitcoin will experience part two of the global financial crisis and this crisis will catapult the price to $100,000 and beyond. Read Full on youtube.
5. New York State Mines Its Own Bitcoin
A power plant in New York’s Finger Lakes region has set up its own Bitcoin mining operation, using the electricity it produces to generate about $50,000 worth of the virtual currency every day. Atlas Holding LLC has installed some 7,000 crypto mining machines at the Greenidge Generation plant in recent months that can mine about 5.5 Bitcoins per day. The machines work off so-called “behind-the-meter”power, in general, residential solar panel systems are used, which makes it extremely low cost. Read Full on bloomberg.
6. Brazilian Ministry of Education Proposes, Diplomas on the Blockchain
In an attempt to fight against the falsification of university diplomas in Brazil, the Ministry of Education (MEC) has proposed, creating a Blockchain-based platform to issue digital certifications among non-state universities. MEC minister Abraham Weintraub has raised this possibility, which also seeks to create cohesion between diplomas and thus generate a space for self-regulation. The ministry’s proposal aims to attack a problem that is not new in the country: the issuance of fake university certificates. Read Full on Cointelegraph.
7. Vitalik Buterin: Decentralized Privacy Currency Is Inevitable
Vitalik Buterin says that currency digitization is inevitable and believes decentralized privacy currency would be more appealing to people than state-controlled digital currencies. Vitalik believes that with or without blockchain technology, digital currencies will continue toward mainstream adoption. Vitalik foresees the more attractive future currency to be decentralized and private, as it would be more resilient against “centralized chokepoints.” Read Full on youtube.
8. France: Bitcoin Now Qualified as Legal Form of Money
Bitcoin now has the official status of money in France. The aforementioned verdict was made by the Commercial Court of Nanterre. The court considers bitcoin as a fungible intangible asset, which is legal as an interchangeable good. A lawyer Hubert de Vauplane from Kramer & Levin says that this decision now permits Bitcoin to be legally used as money. So it should spur the number of Bitcoin transactions in France ensuring better market liquidity. Read Full on U.Today
9. Buterin Backs Bitcoin Bull Jack Dorsey as Twitter Chief
Vitalik Buterin has weighed in on the recent attempted takeover of Twitter by voicing his support for BTC bull and Twitter CEO Jack Dorsey. Activist investors are trying to depose Jack Dorsey as CEO of Twitter, but prominent figures are voicing their opposition to the move. After Elon Musk said that Dorsey should stay, Ethereum co-founder Vitalik Buterin has backed him up saying i StandWithJack. He added, Jack has done a better job than any hedge fund-appointed CEO could ever do. Read Full on twitter.
10. India's Crypto Exchanges Resume Direct INR Deposits
Bitcoin exchanges in India are resuming direct bank account deposits & withdrawals following the Supreme Court's crypto trading ban reversal. Unocoin, one of India’s Bitcoin exchanges, notified on Thursday (March 5, 2020) the resumption of direct bank account deposits and withdrawals on its platform. Nischal Shetty, founder of WazirX another Bitcoin exchange and Binance’s Indian partner also published a tweet on Thursday announcing the reopening of banking support for the crypto trading service. Read Full on Bitcoinist.com.
