Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Crypto
Kraken Rededicates To Digital Asset Offerings Bringing India A New Crypto Era
On the 9th of March 2020, The Crypto exchange Kraken made a revelation that it plans to increase its offerings and services in the Indian financial market. This 9th of March 2020 announcement follows the recent ruling that lifts a ban on crypto trading by India's Supreme Court. The March 4th ruling has created a much-needed breathing space for India's crypto community. The Supreme Court lifted a long-standing crypto ban by the Reserve bank of India (RBI) on the trade…
5 years ago
LIFULL And Securitize Create a Blockchain-powered Solution for Japan’s Real Estate Problems
The Tokyo-based LIFULL has teamed up with Securitize, a compliance platform for token issuers, to address Japanese real estate problems. The collaboration employs a blockchain-powered solution that tackles the large number of vacant homes in the Japanese countryside. LIFULL and Securitize Collab Presents Great Promise Thanks to the partnership, the two companies have successfully developed a new real estate digital security issuance system in Japan. The piloting stages of this new system have given great promise. The blockchain and digital…
5 years ago
The Belgian Government to Put up Confiscated Bitcoin on Auction
Over €110,000 worth of confiscated bitcoin and other Crypto sa are to be auctioned by the Belgian Government. An announcement issued on Friday set this auction's date as the 24th of March 2020 at noon GMT. The duration of the auction shall be 24 hours, being online to enable this. About the Bitcoin Auction For the auction, crypto lots shall range from 0.25 bitcoin to 1 bitcoin. Bitcoin Cash and Bitcoin Gold are the other cryptocurrencies that will also be…
5 years ago
Recent Oil Price Crash Sees the Crypto Market Count $26B Loss
On March 9, 2020, a report by CNBC showed that the cryptocurrency industry lost more than $26 Billion in a day, after the recent oil prices collapse, which dropped by almost 30%. Cryptocurrency holders rushed to sell off their stocks after North Sea’s extracted oil benchmark Brent Crude’s futures fell by 34% to sell at $27.34 a barrel, recording its lowest price in four years. Bitcoin, the leading cryptocurrency by market capitalization, crashed by 8%, together with significant altcoins, including…
5 years ago
Crypto ATMs on the Rise; A Positive Step for Cryptocurrency
According to CoinATMRadar, there is a global surge in Crypto ATMs. The surge is owing to increasing crypto prices and a consequent rising adoption of crypto for payments. CoinATMRadar's most recent report reveals that there are currently 7,057 crypto ATMs globally, providing more comfortable options for purchasing and converting crypto assets to fiat using either cash or debit cards. 5,089 ATMs are found in the US, 784 in Canada, 303 in the UK, 84 in Spain, and 126 in Austria. …
5 years ago
Managerial Changes at OKCoin; Tim Byum is the New GGRO
OKCoin is currently leading in digital asset exchange, and it operates in about 184 countries. OKCoin, on March 6th, announced the appointment of Tim Byun as OKGroup's GGRO (Global Government Relations Officer). In similar changes, Hong Fang, OKGroup's current company chairman, was announced as the CEO, changes that will take effect on March 31st, 2020. Mr. Byun's role in the creation of OKCoin, especially in the US, was excellent, with him propelling the company to launch its first US office.…
5 years ago
HashCash Plans to Invest $10 Million in the Indian Crypto Industry
HashCash Consultant is thinking of investing $10 million in the Indian blockchain and cryptocurrency economy. The announcement came after India’s Supreme Court verdit on cryptocurrencies, which lifted the ban imposed on them by the RBI. HashCash’s CEO, Raj Chowdhury on Investing in India’s Crypto Industry According to Raj, India’s Supreme Court verdict is a historic judgement that put India back in the global map. He said that the reinstating of crypto activities paved the way for an entire geography, for…
5 years ago
The Bitpanda CEO Believes Bitcoin is The Millennial Gold Rush 2.0
On the 24th of February 2020, Eric Demuth, Bitpanda’s CEO, referred to Bitcoin as Gold 2.0, the better version of gold. He spoke during the Blockchain Economy 2020 conference in Istanbul, Turkey. Demuth also spoke about Turkey as its first expansion hub outside the European Union. It is due to its high demand and other factors such as its geographical size, proximity, and cultural infinity. Comparing Digital Currencies with Precious Metals The Bitpanda Exchange trades Bitcoin and other precious metals,…
5 years ago
Deputy Governor of BoJ Says Advanced Economies Don’t Need CBDCs
Recently, the Bank of Japan’s deputy governor claimed that advanced economies do not need central bank digital currencies (CBDCs). He spoke at the Future of Payments Forum, organized by the Bank for International Settlement. Amamiya said that CBDCs are a tremendous financial system for developing countries, especially the ones with immature payment infrastructures. Nevertheless, he claimed that advanced technologies cannot benefit from virtual currencies. Why Amamiya is Against Digital Currencies Amamiya said that it is unnecessary to implement new steps…
5 years ago