March 13, 2020

As Ether Price Drop Pressures DeFi, Developers Remain Confident in its Success

March 13, 2020 boss

Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series of hard blows to decentralized finance (DeFi) projects, some are wondering if the ecosystem can defend itself from collapse. Cointelegraph contacted a variety of industry experts and DeFi stakeholders to hear their take on the health of the ecosystem. Millions lost to attacks The Coronavirus-induced price crash was a powerful stress test for the Ethereum (ETH) ecosystem. The network became congested as…

Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks

March 13, 2020 boss

Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group, which has been in the business for some time, welcomes the changes that introduced licensing to the sector. Starting from Jan. 1, 2020, banks and other institutions are allowed to store and manage clients’ crypto assets. Also read: Bitcoin Is Financial Instrument, Clarifies Germany, Crypto…

Bitcoin Price Crash Forces Coinbase to Implement Transaction Batching

March 13, 2020 boss

Coinbase, a leading United States-based cryptocurrency exchange has announced the introduction of Bitcoin transaction batching for both Coinbase and Coinbase Pro users. This will significantly slash transaction fees for traders, while also improving the scalability of the Bitcoin network, according to a blog post on March 12, 2020. Bitcoin Transaction batching Live on Coinbase As the bears have once again taken over the markets, putting fear uncertainty and doubt in the hearts of crypto newbies, Coinbase exchange has decided to roll out the much-awaited Bitcoin transaction batching feature. As stated…

Price Analysis Mar 13: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

March 13, 2020 boss

The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet. Capitulation occurs when traders are scared. On March 12, most asset classes witnessed a massive selloff with no place to hide. Even gold declined 3.17%, which shows that the traders sold everything in their portfolio. The coronavirus pandemic has created a state of panic because it does not have any treatment and spreads quickly. As a result, large cities and in some cases, the whole country…

Consensus 2020 Crypto Event Goes Virtual Due to Coronavirus

March 13, 2020 boss

Consensus, a major global cryptocurrency and blockchain-focused event, is another industry conference that had to change its plans due to intensifying coronavirus fears. In line with the increasing number of industry events being delayed or canceled in response to the coronavirus outbreak, Consensus will not be hosting a conference in New York this year. Consensus 2020 will be hosted in virtual reality at no charge However, that doesn’t mean that Consensus 2020 will not happen. According to an official March 13 announcement by Coindesk, the industry publication that coordinates the…

Crypto Traders Explain What Caused the Bitcoin Price Plunge to $3,000

March 13, 2020 boss

The Bitcoin (BTC) price dropped to $3,600 overnight, marking Bitcoin’s biggest daily drop in the last seven years. Over $1 billion worth of longs was liquidated on March 12, causing one of the most intense long squeezes in the crypto market’s recent history. The main catalyst of the sudden 50% decline in the price of Bitcoin within a span of eight hours was the 9.99% drop of the Dow Jones Industrial Average. The United States stock market experienced its worst sell-off since 1987, as panic over the coronavirus pandemic intensified…

How to Survive The Crypto Bloodbath: Market Expert Take

March 13, 2020 boss

Bitcoin just suffered a 40% price crash while global markets were shaken at their core by the Coronavirus pandemic. Chief market analyst Naeem Aslam and veteran trader Charlie Burton told Cointelegraph what sense they make of this bloodbath and their strategies to survive it. Why did Bitcoin fall with the rest of the markets? Naeem Aslam explained the Bitcoin plunge as a direct consequence of the equity market crumbling amidst Coronavirus-driven panic and what it means for investors: “They have no other option but to liquidate some of their positions…

Voatz ‘Blockchain’ App Used in US Elections Has Numerous Security Issues, Says Report

March 13, 2020 boss

Voatz, the Massachusetts-based company touting a blockchain-enabled mobile voting app, has been met with public criticism for a lack of transparency, among other things, particularly when it comes to data security. And with the threat of election tampering, the stakes are as high as ever. Voatz has been used in elections in West Virginia; Jackson County, Oregon; Umatilla County, Oregon; municipal elections in Utah County, Utah; as well as in runoff elections and municipal elections in Denver, Colorado. The public security audit by a reputable third-party firm that experts have…

Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom

March 13, 2020 boss

Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst the sell-off, the whistleblower Edward Snowden said that he “felt like buying bitcoin” as he believes the price drop was invoked by “panic” rather than fundamentals. Also read: The 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count Whistleblower Edward Snowden ‘Felt Like Buying…

Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom

March 13, 2020 boss