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Demand for 'Internet Dollars' to Increase - Circle CEO; Not All Celebrate
16.3.2020
While the current Covid-19 pandemic is already hurting the global economy, it's actually beneficial for stablecoins, and it's proving that they work, claims the CEO of crypto financial services firm Circle, Jeremy Allaire. Not all stablecoins have had a reason to celebrate though.
With the rise...
Altcoins See Early Optimism After Thursday Massacre, Litecoin Up 10%
13.3.2020
Source: iStock/t_kimura
Following the massacre in the broader crypto market on Thursday, major altcoins have already started to recoup some of their losses, with some cryptoassets now showing positive returns over the past 24 hours.
Despite a sea of red in the crypto market, altcoins such...
Crypto Exchanges Make Emergency Moves to Deal With Disrupted Transactions
13.3.2020
Some crypto exchanges around the world struggled to deal with the unexpected crash that has seen bitcoin (BTC) crash to as low as USD 4,000 before rebounding to more than USD 5,500 – leading some to take “emergency measures.”
A number of major exchanges suffered with technical issues as some coins...
DeFi Goes Through Its Own Major Turbulence
13.3.2020
The crypto market crashed, and the total value locked (TVL) in decentralized finance (DeFi) is not here for it. Nonetheless, it bounced back.
TVL crashed 62% today, from USD 649.497 million to USD 244.398 million, before recuperating to where it currently (UTC: 10:24) stands: USD 641.6 million...
Crypto-keen Japanese Securities Giant Joins STO Association
12.3.2020
The Japanese cryptocurrency scene could be about to welcome another major player to the fray – after major securities and brokerage firm Tokai Tokyo became the latest member of an increasingly high-profile and powerful-looking security token offering (STO) association.
The move comes just months...
New South Korean Crypto Law May ‘Force 190 Exchanges to Close’
12.3.2020
While much of the South Korean crypto community is still celebrating the introduction of the country’s first-ever piece of crypto-specific legislation, others are warning that the overwhelming majority of crypto exchanges will likely go under once the new laws’ banking stipulations come into...
BAT Outperforms Bitcoin, Ethereum on Uber, Amazon, HBO News
11.3.2020
Source: Brave, Twitter
Blockchain-powered decentralized browser Brave recently announced that its desktop users can now redeem basic attention token (BAT) holdings for rewards offered by more than 250,000 commercial partners – and it appears that the news has been met with a surge in token...
MIOTA Outperforms Many Top 30 Coins As IOTA Mainnet's Switched Back On
11.3.2020
After a rough few weeks, IOTA's mainnet is live again, pumping life in MIOTA as well it seems, as the coin outperformed many of its peers in the top 30 category today.
After almost a full month of being down, following the recent attack, the IOTA mainnet is operating again, shows the IOTA...
USD Coin and Tether Issuers Expand Their Services + More News
10.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Stablecoins news
Major crypto financial services firm behind the USD Coin (USDC) stablecoin, Circle, has released a new set...
Dogecoin Outperforms Bitcoin as Broader Market Turns Green
10.3.2020
Source: iStock/isa_ozdere
Dogecoin (DOGE), the cryptocurrency originally created as a joke in 2013, has been on a roll this year, gaining more than 70% from the beginning of the year until a peak in mid-February. Since then, however, DOGE has sold off along with the rest of the market, despite...
Crypto Listing and Delisting Announcements: Week 10
9.3.2020
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Crypto Market Sentiment a Bit Higher in 7 Days, but Brutal in 24 Hours
9.3.2020
The combined moving average 7-day market sentiment for the top 10 coins by market capitalization has somewhat recovered, barely passing the score of 5. It has risen from 4.84 which we saw last week to today's 5.08/10. However, as shown by Omenics, a crypto market sentiment analysis service, the...
IOTA Co-founder to Repay Hack Victims USD 2M as Network Prepares to Reopen
9.3.2020
David Sønstebø, the Co-founder of IOTA, stated that he will personally repay the victims of the recent attack on the network and that the mainnet will be back up tomorrow, March 10.
Following the alleged messages shared on IOTA Discord a few days ago, Sønstebø has confirmed to Cointelegraph that...
Bitcoin and Altcoins Recovery Might Be Short-lived
9.3.2020
This week started with a massive decline in bitcoin from well above USD 8,500. BTC/USD tumbled around 10% and it broke many supports near the USD 8,400 and USD 8,000 levels. The price is currently correcting higher, but upsides are likely to remain capped near USD 8,200 and USD 8,240.
Similarly...
Venezuelan Petro Crypto Pay Platform Left in Two-month Limbo
6.3.2020
Venezuela’s biometric authentication-powered crypto payment system is still down, over two months after it went offline, causing havoc for traders across the country.
The Biopago platform was the brainchild of the central Bank of Venezuela and allowed citizens to make payments in the petro (PTR)...
Litecoin Bounces Off Firm Support as MimbleWimble Nears
6.3.2020
Litecoin (LTC), the cryptocurrency created by Charlie Lee as a near-identical copy of bitcoin (BTC) in 2011, is once again gaining interest from investors as the price bounced off a key technical support level, while developers reveal that a testnet with new privacy features can be expected by...
Argentinian Provinces Mull Stabelcoin-powered Answer to Financial Mess
5.3.2020
More Argentinian provincial governors are considering the issuance of locally issued digital tokens or stablecoins.
As previously reported on Cryptonews.com, Josefina Canale, the provincial deputy of Mendoza, in the northern-central part of the country, has already gone public this week with claims...
XRP Trades Lower While Ripple CEO Slams Bitcoin and Ethereum
4.3.2020
XRP, the token associated with the California-based fintech firm Ripple, is down 1% today, while other major coins dropped 1%-4% today, despite good news from India.
At pixel time (13:00 UTC), XRP trades at c. USD 0.233 and is also down 4.9% in a week, increasing its monthly losses to 7.5%....
Facebook’s Libra Could Become a Multi-coin Payments Network
4.3.2020
Facebook’s Libra project could turn into a network that accepts a wide range of coins, including central banks-issued digital fiats.
Despite previously released plans to develop its own digital currency, the social media giant and its Libra Association partners are now reportedly considering...
Binance Halts Trading Again Amidst Users' Growing Frustration
4.3.2020
Source: Instagram, Binance
Major cryptocurrency exchange Binance has run into some issues again, second time in less than a month.
Binance CEO Changpeng Zhao has tweeted to the exchange's users that trading has been paused "due to a message broker issue," assuring them that this is...