Cryptocurrency News Roundup for March 15, 2020

Cryptocurrency News Roundup for March 15, 2020
фото показано с : beincrypto.com

2020-3-16 08:42

As Bitcoin continues to trade in the $5,000s for the fourth consecutive day following Thursday’s flash crash, let’s take a quick look at some of the worst-hit assets during the ongoing slowdown. Meanwhile, in other important news, Federal Reserve Chairman Jerome Powell announced Sunday that the agency would take drastic measures to help the collapsing financial markets.

These and more on today’s crypto news roundup for March 15.

Tyler Winklevoss Agrees Bitcoin Isn’t Quite Digital Gold

Bitcoin’s identity as a ‘digital gold’ took a massive hit after it was forced to shed some 40% within 24 hours during Thursday’s market bloodbath. Even Gemini co-founder, Tyler Winklevoss, is now acknowledging that Bitcoin has been struggling for a value proposition and is far from being gold 2.0. This is significant coming from an industry heavyweight who had previously argued that Bitcoin “beats gold across the board.”

However, there are still many optimistic industry professionals who continue to furnish compelling arguments suggesting cryptocurrency markets are far from done.

Read the Full Article

Fed Lowers Funds Rate to 0%-0.25% and $700 Billion in Quantitative Easing

On Sunday, the U.S. Federal Reserve slashed rates substantially and opened $700 billion of QE to buoy collapsing markets. These moves are expected to increase liquidity and spending among businesses.

Meanwhile, Fed Chairman Jerome Powell assured all stakeholders that the rates will stay at this level indefinitely.

Read the Full Article

These Are the Assets Worst Hit by the Coronavirus Market Crash

The panic that has engulfed global markets in the wake of the menacing COVID-19 pandemic is quite unlike anything we have seen in the recent past. Bitcoin, of course, is among the worst-hit digital assets and so is Ethereum, the second most popular cryptocurrency by market cap.

As for other asset classes, Palladium has so far led all industrial commodities in losses. Oil, precious metals, and stocks also took quite a beating. The surprise winners to have done remarkably well during the current slowdown include tea, natural gas, and rhodium.

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Current Slowdown Didn’t Dent Bitcoin’s Chances of Hitting $100k in 2021, Claims Analyst

The analyst who popularized the stock-to-flow (S2F) price prediction model in the context of cryptocurrencies has denied that Bitcoin’s recent flash crash neutralized his earlier predictions. He stated that the bullish S2F model remains as valid as it was at any point in the past, further adding that Bitcoin could still eventually reach the $100,000 milestone sometime in 2021.

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‘Internet Dollars’ Emerge Triumphant as Global Markets Tumble, Says Circle CEO

As BeInCrypto recently reported, the dominant stablecoin, US dollar Tether, enjoyed market capitalization gains as cryptocurrency investors rushed for an exit to fiat amid mass-market turmoil. USDC, the US dollar-backed initiative by both Circle and Coinbase, is among the stablecoins currently growing in demand.

Circle CEO, Jeremy Allaire, recently weighed in on that saying that he was encouraged to see “demand for internet dollars” rising.

Read the Full Article

Famed Crypto Analyst Accused of Faking His Gains Using Photoshop

A recent collection of screenshots provides proof that Jacob Canfield, a top-level trader, was photoshopping his gains to misleadingly boost his reputation. This is indeed a serious allegation considering that Canfield makes money off paid subscribers who listen to his trading advice.

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Dutch Red Cross Accepting Bitcoin Donations to Fight COVID-19

When it comes to donations, many charities and causes have been open to accepting cryptocurrencies. The Dutch Red Cross is among the latest to have joined this trend. On a related note, UNICEF also recently took a similar initiative by laying the foundation for a prototype that would allow for Bitcoin (BTC) and Ethereum (ETH) donations.

Read the Full Article

What are the Odds that ETH Will Hold Steady Above $100?

Looking at the weekly chart for Ethereum, there are two main areas of interest, the support at $100 and the resistance at $160. The price has reached the support area in the form of a long lower wick and bounced upwards. However, it has yet to reach the resistance area.

Read the Full Analysis

Binance USD Worth $7 Million Enters Circulation

Binance, together with the PAX Treasury, minted over $7 million worth of its own stablecoin Binance USD (BUSD) on Saturday. It remains to be seen how impactful this fresh cash injection actually was given the precarious situation of the market.

Read the Full Article

The post Cryptocurrency News Roundup for March 15, 2020 appeared first on BeInCrypto.

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Apex Legends took the gaming world by storm when it launched in February, amassing millions of players and briefly becoming the most popular game on Twitch. The Respawn/EA juggernaut revolutionized the team-oriented Battle Royale genre so much that its biggest competitors were quick to take note and copy the best aspects of it, such as […] The post Apex Legends: 'Iron Crown' Solo Mode Proves There's an 'I' in 'Team' appeared first on CCN Markets

2019-8-7 15:33


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Исследование: 50% данных о торговом объеме криптовалют недостоверны

Исследователи компании The Tie провели анализ данных торгового объема популярных криптовалют. В ходе работ было установлено, что порядка половины проектов из топ-100 цифровых активов предоставляют не соответствующие реальности сведения.

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Binance CEO ‘CZ’ Wants Warren Buffett To Take On BNB For These Reasons

Following Warren Buffett’s most recent interview with CNBC’s Becky Quick, where he talked about blockchain’s importance and Bitcoin lacking inherent value, Changpeng Zhao aka CZ, the CEO of the leading cryptocurrency exchange Binance has recently just implied that the native coin of Binance exchange [BNB] has the potential to dominate the financial world as opposed […] The post Binance CEO ‘CZ’ Wants Warren Buffett To Take On BNB For These Reasons appeared first on ZyCrypto.

2019-3-3 13:50


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Ethereum Price Continues its Push Toward $130 Despite Bearish Bitcoin Momentum

With a tiny bit of bearish pressure on Bitcoin, one would expect both XRP and Ethereum to take advantage of the situation. Contrary to that belief, XRP is not noting any gains right now. Instead, the Ethereum price is getting all the love, as this value is seemingly underway to hit $130 in fairly quick […] The post Ethereum Price Continues its Push Toward $130 Despite Bearish Bitcoin Momentum appeared first on NullTX.

2019-2-18 21:22


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Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


“Don’t put your BTC in Freewallet, they hold funds on you randomly”, enraged crypto user warns against using Freewallet for storage

Exchanges and wallets take the business of securing trading affairs and user tokens with utmost importance. But when these platforms fall short of expectations leading to risk in the security of user funds, these users are quick to point out these shortcomings, using their experience as a guide for other traders.

2018-12-19 14:48


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Crypto Arbitrage Today – Easy 3.4% Profits Involving Major Altcoins

Not a day goes by in the cryptocurrency world without any new arbitrage opportunities popping up. Today is no different in this regard, even though most markets appear to be somewhat subdued. Even so, there are a fair few markets which allow for some quick profits, assuming one is willing to take a few small […] The post Crypto Arbitrage Today – Easy 3.

2018-11-9 19:00


XLM Stands Up With Real World Application

Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy.

2018-10-12 21:30


Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

2018-10-10 16:30


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2018-9-16 17:00


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