Bitcoin Ascends on Twitter While Major Altcoins Hit Multi-Year Lows

Major altcoins have seen their Twitter presence greatly reduced in the wake of the recent cryptocurrency market crash. According to data from Bitinfocharts, major altcoins such as Ethereum, Litecoin, and XRP now find their Twitter mentions nearing two and even three-year lows. Meanwhile, Bitcoin’s Twitter presence doubled in the first three months of 2020, though its tweet count remains a long way off of its 2017 all-time high. XRP tweets hit 21 month low Earlier this week, on March 21st, tweets bearing the hashtag #XRP numbered 2,542. That’s a 60%…

Major South Korean Crypto Exchanges Help Police In Child Porn Investigation

Four South Korean cryptocurrency exchanges reportedly are assisting local law enforcement authorities in the investigation of the so-called “nth rooms” case that has grabbed headlines nationwide. According to the report published on March 25 by Chainnews, Upbit, Bithumb, Coinone, and Korbit collaborated with the police in an attempt to reveal the identity of those involved in the child porn scandal. South Korean police had said that about 10,000 people had joined the Telegram groups through which the pornographic material was distributed. Cryptocurrency transactions involved in “nth rooms” case Although it has…

Major Crypto Player-Backed PAC to use Tokens to ‘Vote’ for Candidates

One of the hot button issues for elections in the United States is separating money and politics. At the center of this topic is political action committees (PACs), organizations that can support candidates or legislation with money raised privately. HODLpac, the PAC founded by Tyler Whirty of the venture capital firm the Takoma Group, may be looking at a new way for Americans to donate to congressional candidates using crypto. By doing so, they may not only demonstrate how blockchain can be utilized for campaign contributions, but also supporting crypto-friendly…

Circle’s USD Coin Sees Major Growth After Market Downturn

As Bitcoin (BTC) and the cryptocurrency market at large experience a major downturn, people turn to stablecoins in an attempt to preserve their capital. Some stablecoins have grown more than others, however. Stablecoin marketcaps are generally expected to increase after a major cryptocurrency market downturn. However, this is not what happened for most stablecoins during the past week. According to data from Coin360, Bitcoin has fallen from a height of nearly $8,000, down to under $4,000 between March 12 to March 13. Bitcoin 7-day price chart. Source: Coin360 USDC market…

Diversity and Inclusion Major Themes at Hyperledger Global Forum 2020

Hyperledger Global Forum 2020 took place March 3-6 in Phoenix, Arizona, bringing together hundreds of attendees from the Hyperledger community. While enterprise blockchains, open-source projects, and other subject matters were discussed, diversity and inclusion served as the underlying theme of the conference. Fortune 500 consulting firm, Accenture, sponsored a diversity happy hour on the opening night of Hyperledger Forum. This event served to raise awareness for inclusion in the blockchain space. Accenture’s global marketing director for blockchain and multi-party systems, Allisa Worley, told Cointelegraph that a desire for diversity and…

Bitcoin is Shaping Up to See Major Losses as Technical Strength Degrades

The aftermath of Bitcoin’s recent selloff that sent it reeling down to lows of $8,400 hasn’t been as bullish as investors may have hoped for, as the cryptocurrency has found itself caught within multiple bouts of sideways trading while struggling to gain any decisive momentum. As Bitcoin now hovers within the lower-$9,000 region, analysts are noting that it is beginning to show signs of forming a short-term top, suggesting that the cryptocurrency could be bound to see some further near-term losses. As for how low this potentially selloff could lead…

Major Brazilian Sports Entrepreneur Tokenizes Soccer Players

André Figer, vice president of one of the largest sporting career management companies in Brazil, has his eyes firmly set on tokenizing soccer players.  The well-known entrepreneur told Cointelegraph Brazil that blockchain technology and athlete tokenization has the potential to transform the management of sport worldwide.  The Figer Group has been involved in many significant moves in the soccer world, including the move by midfielder Giovanni to Barcelona, the purchase of Robinho by Real Madrid as well as the midfielder Júnior Urso for Guangzhou R&F of China. Tokenization can support…

Ripple (XRP) at Major Inflection Point And Candles Warn Bullish Reversal

Ripple is following a bullish path above the $0.2320 support zone against the US Dollar. XRP price is likely to accelerate higher above the $0.2400 and $0.2420 resistance levels. Ripple price is slowly climbing higher above the key $0.2350 level against the US dollar. The price is likely to gain bullish momentum above $0.2380 and $0.2400 in the near term. There is a major bullish trend line forming with support near $0.2330 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains well supported on…

Major Crypto Exchanges Lament Outsized Scrutiny From US IRS

Representatives of major crypto exchanges today told the United States Internal Revenue Service that they want to see clear regulations rather than vague suspicion from the tax authority. In a March 3 panel that is a continuation of a broader crypto summit at the IRS building in Washington, D.C., representatives from Coinbase, Kraken, and major accounting firm RSM US LLP argued that the crypto world had experienced outsized scrutiny from regulators compared to its size and darkness. U.S. crypto exchanges say they aren’t that scary The representatives from Coinbase —…

Stock and Crypto Trading App Robinhood Faces Major System Outage

Following a major technical outage, popular stock and cryptocurrency trading app Robinhood is purportedly operational again. The popular platform for trading stocks and cryptocurrencies like Bitcoin (BTC) experienced a major technical outage, causing a loss of access to user accounts. On Monday, March 2, Robinhood encountered a day-long technical problem with users purportedly being unable to complete their exchange orders or even load their portfolio lists and charts. Robinhood temporarily restored service to experience outage again Subsequently, Robinhood released an official statement on the matter, providing little information on what…