Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above
Bitcoin (BTC) swiftly retook $6,000 after losing support on March 30, as analysts eyed a potential for the price to fill a new gap in futures markets. Data from Coin360 and Cointelegraph Markets showed BTC/USD trading at around $6,300 at press time — a rise of 2.8% on the day. The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend. Those were short-lived, however, with Bitcoin regaining lost ground within hours.
William Suberg 17:52
ConsenSys Partnering with Hitachi for PegaSys Plus Sales in Japan
Hitachi Solutions will be the first company in Japan permitted to conduct sales of blockchain software technology company ConsenSys’ product PegaSys Plus starting on April 1. According to a March 30 press release, Tokyo-based Hitachi announced it would work in collaboration with U.S.-based ConsenSys to provide PegaSys Plus to the Japanese market. An Ethereum (ETH)-based blockchain platform, PegaSys Plus is a commercial license version of the ConsenSys product offering additional features and support.
Turner Wright 14:41
AR Crypto Game Makes an Impact on Social Distancing
The coronavirus pandemic is causing the worst global economic recession among all business sectors since 1929. Advertising and marketing budgets alone could see a $3 billion loss in 2020. Both traditional brands and crypto companies are replacing their high profile ads with low budget posts in an effort to combat the rising pandemic.
Ting Peng 14:40
Coinbase’s Retail Payment Portal Passed $200 Million in Transactions
Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, just passed $200 million in total transactions processed over its two-year history. According to sources available to Cointelegraph, the wing of the largest crypto exchange in the U.S. reported on March 26 that the platform’s success was due in part to the 8,000 retailers currently using Coinbase for payment services.
Turner Wright 14:40
Dutch Govt to Embrace Blockchain in Fight Against Pandemic
A consortium of Dutch companies has launched the “Tech against Corona” initiative. Participating firms will freely provide the Dutch government with access to innovative technologies that can be used in the fight against COVID-19. Netherlands-based distributed ledger technology (DLT) firm, Tymlez, is one of more than 10 companies who are freely providing their services and technologies to the government.
Samuel Haig 10:48
Bitcoin Price Falls Below $6,000 on Declining Trading Volume
For the second time in one week Bitcoin (BTC) price has fallen below $6,000. Today’s pullback below the $6,000 mark comes as the weekly and monthly close approach and its possible that the price could also be influenced by investors fear that traditional markets may continue to correct at Monday’s opening bell.
Horus Hughes 09:29
Berkeley Blockchain Incubator Welcomes Startup Fighting COVID-19
The Berkeley Blockchain Xcelerator, an incubator program for distributed ledger technology, or DLT, startups run out of UC Berkeley, has welcomed Snark Health into its spring cohort. Snark Health seeks to combat COVID-19 by “building a framework for data-driven discussions and shared learnings” to enable the “rapid dissemination of information to improve patient outcomes.”
Samuel Haig 09:28
First Game Built on Tezos Blockchain Preparing for Alpha Launch
Tezos (XTZ) co-founder Kathleen Breitman is preparing to launch the alpha version of the game built on top of Tezos — a crypto-powered collectible card game called ‘Emergents.’ Emergents’ in-game cards will comprise non-fungible tokens (NFTs) that players have full ownership over. Coase intends to comprise both the primary and secondary marketplace for the cards. The company will also act as both a buyer and a seller for the NFTs.
Samuel Haig 09:27
TP Exchange | Token Prices quotation
According to the lastest data of TP exchange, the current major token USDT pairs prices are as follows:
TP Exchange 21:40
Algorand Launches Blockchain-Based Global Coronavirus Survey
Proof-of-stake cryptocurrency platform Algorand has created a global survey intended to compile an open database on the spread, status, and symptoms of the COVID-19 pandemic. On March 27, the company tweeted that its ‘IReportCovid’ survey app will contribute to a global data repository that updates in real-time to inform about pandemic relief efforts.
Samuel Haig 20:31
Overstock Plots Global Expansion for Blockchain-Based Agritech Platform
Overstock’s blockchain accelerator, Medici Ventures, announced a global expansion of the distributed ledger technology (DLT)-powered agritech platform GrainChain. Medici Ventures published a press release on March 27 announcing that GrainChain’s expansion will be executed in collaboration with fintech company Symbiont — with GrainChain set to transition from HyperLedger Fabric to Symbiont’s enterprise blockchain platform, Assembly. Medici is a shareholder in both GrainChain and Symbiont.
Samuel Haig 19:01
Will China Launch its Blockchain Service Network Amid the COVID-19 Pandemic?
Numerous cryptocurrency media outlets have published recent reports asserting that China’s Blockchain Service Network will launch in April 2020. However, these predictions appear to be based on local reports published prior to China’s first official fatality resulting from COVID-19.
Samuel Haig 19:00
Digital Dollars, Bakkt CEO Scandal, & a Continuing Pandemic: Bad Crypto News of the Week
Bitcoin has continued its recovery. It’s up around 23 percent over the last week, even as the Bitcoin clock continues its countdown. We’re now entering the last 50 days of a 12.5 BTC reward. These are strange times for everyone but despite Bitcoin’s volatility, the digital coin seems to have held up. Marcel Pechman argues that Bitcoin was designed for a financial crisis and says that in the current pandemic, it’s working well. Cryptocurrencies could work even better though if politicians would get their act together. The economic stimulus bill originally contained a requirement to create a digital dollar, but a 1,400-page update removed it. Rep. Maxine Waters and Sen. Sherrod Brown later submitted separate bills to reinstate the requirement. That’s almost as much whiplash as a week of crypto trading. The courts aren’t helping much, either. A United States District Court has ruled that Telegram can’t release its GRAM tokens. They’re unregistered securities, the court says. Senator Kelly Loeffler, the former CEO of Bakkt, says that she had nothing to do with her portfolio’s sale of shares (and purchase of shares in teleconferencing companies) just before the market tanked. MakerDAO says that the Maker Foundation did not place winning bids in its recent debt auctions. That auction didn’t exactly take off. And in Texas, the State Securities Board is warning of the spread of pump-and-dump scams, hoping to cash in on the fear of COVID-19. Keep an eye out for those. In better news, Crypto.com has announced a new feature that enables invoicing in cryptocurrencies.
Joel Comm 14:02
Binance Removes FTX Tokens Citing Confusion
Major crypto exchange, Binance, has decided to remove leveraged FTX tokens from its exchange, explaining that customers don’t understand the product. “Due to lack of understanding of how leveraged tokens work by many of our users, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs,” the exchange announced on March 28. Binance will shut off deposits and withdrawals for the assets on March 31 at 8 a.m. UTC, with a stoppage in trading at 10 a.m. on the same day.
Benjamin Pirus 11:50
Malta Denies Two Crypto Exchanges Have License to Operate
The Malta Financial Services Authority, or MFSA, has issued an alert on March 25 about two crypto exchanges that do not have licenses to operate, nor are they regulated in the country. COINMALEX and Crypto Foxtrades are the exchanges that the country’s financial watchdog alluded to in the statement, as both companies claimed on their websites that they had the necessary regulations and licenses to operate. Crypto Foxtrades claimed that they had the “Category 3 Investment Services” provider from the Maltese authorities to operate.
Felipe Erazo 11:49
Madrid Team Builds Iota-Based Decentralized Information Platform to Combat Coronavirus
A team based in Madrid, one of the epicenters of the coronavirus pandemic, has released an Iota Tango platform that helps combat the coronavirus.
Michael Kapilkov 10:37
Liquid Federation Announces 10 New Members
Blockstream’s Liquid sidechain settlement network welcomed 10 new members to the Liquid Federation on March 27. The new additions bring the Liquid Federation’s membership up to 45 — including crypto exchange trading desks, and financial institutions.
Samuel Haig 10:36
Bitcoin Wallets Holding at Least 1 BTC Set to Hit 800K All-Time Highs
Bitcoin (BTC) addresses holding 1 BTC are on the rise — but only a maximum of 800,000 people currently own a whole coin. That is according to data released on March 28, which put the total number of wallets containing at least 1 BTC at all-time highs.
Singapore Grants Crypto License Exemptions to Ripple, Coinbase and Binance
While Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have been exempt from the law since the beginning of the year. The Monetary Authority of Singapore (MAS), the country’s central bank and major financial regulatory authority, exempted a number of major payment services from holding a financial license under the PSA. According to a statement released on March 24, the listed companies are allowed to continue to provide specific payment services without holding a PSA license for a limited period of time.
Helen Partz 17:37
Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red
After trading in the $6,450 to $6,850 range for the past eight days, Bitcoin (BTC) price finally made a larger move, this time to the downside, as the digital asset dropped 8.72% to a daily low at $6,068. The move somewhat mirrors the performance of traditional markets, which also closed the day with losses. The Dow closed with a 915 point loss, the S&P 500 pulled back 3.37% and the Nasdaq was down 3.79%.