Day: March 2, 2020

Bitcoin Price Avoids $8.2K to Mirror Stock-to-Flow Creator’s Forecast

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Bitcoin (BTC) may have shed 11% in a week, but it is actually performing exactly like one of the industry’s most famous analysts predicted. In a tweet on Mar. 1, PlanB, creator of the well-known stock-to-flow Bitcoin price forecasting model, said that at around $8,500, BTC/USD was wholly on schedule. PlanB: “So far so good” for BTC price  In February, he predicted that Bitcoin might lose its 200-day moving average support, but would ultimately stay above $8,200.  As Cointelegraph reported, the prognosis ultimately became reality last week. The 200 DMA…

Bitcoin, Ether, and XRP Weekly Market Update: March 2, 2020

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The total crypto market cap lost $34.7 billion from its value for the last seven days and now stands at $246.9 billion. The top 10 currencies are all in red for the same time frame with Litecoin (LTC) and Tezos (XTZ) are the biggest losers with 26.5 and 23.1 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $8,611 while ether (ETH) moved down to $219. Ripple’s XRP fell to $0.229. BTC/USD Bitcoin registered one of its best sessions in the last few days and…

Coronavirus Hits India’s Capital Delhi as Pandemic Fears Intensify

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China’s neighbour India confirms its fourth and fifth coronavirus-positive cases. The authorities are now evaluating individuals that were in contact with the two patients. New Delhi’s first case increases fear towards a true global pandemic. India’s Ministry of Health has officially reported New Delhi’s first two cases of coronavirus (COVID-19). Fears of a coronavirus pandemic is rising India, which has fought against the coronavirus outbreak better than most countries in Asia, The first three cases of coronavirus in India were all reported in the state of Kerala. Since the cases…

Coronavirus Hits India’s Capital Delhi as Pandemic Fears Intensify

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China’s neighbour India confirms its fourth and fifth coronavirus-positive cases. The authorities are now evaluating individuals that were in contact with the two patients. New Delhi’s first case increases fear towards a true global pandemic. India’s Ministry of Health has officially reported New Delhi’s first two cases of coronavirus (COVID-19). Fears of a coronavirus pandemic is rising India, which has fought against the coronavirus outbreak better than most countries in Asia, The first three cases of coronavirus in India were all reported in the state of Kerala. Since the cases…

Huobi Open-Source DeFi Blockchain Now Live for Public Beta Testing

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Huobi, a major cryptocurrency exchange, announced the public testnet launch of its open-source decentralized finance (DeFi) blockchain, Huobi Chain, on Feb. 29. Its aim is to provide a regulator-friendly framework for financial services companies to deploy applications in a variety of finance-related sectors. Huobi Chain incorporates a flexible governance model that supports both regulators and enterprises. Based on a delegated proof-of-stake consensus, it allows regulators to contribute to the network through unique regulatory nodes. The implementation of Know Your Customer (KYC) and Anti-Money lLundering (AML) protocols is complimented by a…

Bank of England Warns Crypto Adoption May Impact Credit Creation

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Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance. In a speech delivered to the London School of Economics on Feb. 28, Cunliffe predicted that the integration of stablecoins on social media platforms could lead to people putting much of their money currently held with banks into stablecoin wallets, warning: “In such a world, and depending how and whether stablecoins were backed with other…

Watch Gaming’s Fantastic Open-Worlds in This Destiny 2 Nature Documentary

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Watch Gaming’s Fantastic Open-Worlds in This Destiny 2 Nature Documentary Published: March 2, 2020 8:02 AM UTC Destiny 2 is a great game, and the world has never felt more alive thanks to an in-universe nature documentary put together by a YouTuber. A new fan-made nature documentary about Destiny 2’s open-world is fantastic and we need more like it. | Source: Bungie Destiny 2 is Bungie’s science fiction-themed looter-shooter. The creatures of Destiny 2 are now the subject of a nature documentary. Not only is this style of the video…

Coinbase Registers as Second-Class Member with JVCEA

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The Japan Virtual Currency Exchange Association (JVCEA) — the official self-regulatory organization for the crypto industry in Japan — announced on Mar. 2 that three additional companies have just registered as second-class members. Coinbase, Digital Asset Markets, and the Tokyo Hash have registered as reported by the JVCEA. Second-class members with the agency can be registered as crypto currency exchange companies, or businesses that are planning to apply.  Coinbase was reported to be licensed in Japan in 2019, but hasn’t really made any progress since last year. However, the crypto…

Many Blast SEC for Denying Bitcoin ETF Proposal: Here’s Why

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For years, crypto financial services firms across the U.S. have been trying their hand at launching publicly-traded Bitcoin funds (ETFs). Unfortunately for these hopefuls, the U.S. Securities and Exchange Commission (SEC) has long not agreed with these firms’ assertions that the cryptocurrency market is ready for its own regulated, tradable fund. This was confirmed to be the case yet again when the financial regulator last week denied a proposal for a Bitcoin ETF, angering many in this community and even triggering an SEC commissioner to express her disapproval for this…

Many Blast SEC for Denying Bitcoin ETF Proposal: Here’s Why

boss

For years, crypto financial services firms across the U.S. have been trying their hand at launching publicly-traded Bitcoin funds (ETFs). Unfortunately for these hopefuls, the U.S. Securities and Exchange Commission (SEC) has long not agreed with these firms’ assertions that the cryptocurrency market is ready for its own regulated, tradable fund. This was confirmed to be the case yet again when the financial regulator last week denied a proposal for a Bitcoin ETF, angering many in this community and even triggering an SEC commissioner to express her disapproval for this…