The cryptocurrency market experienced another bearish run. Media news sites have been publishing a lot of negative stories. There were just a few of them concerning the fundamentals of cryptocurrency. On the other hand, the crypto market is slowly healing. Noone knows where is the real bottom. But remember, as an experienced trader, you shouldn’t try to time the market.
Have a look what you might missed from the last week of March 2018.
Twitter confirms crypto Ad ban starts
Starting Tuesday 26 March, the microblogging platform will be banning all advertisements related to ICOs and token sales globally.
Ripple & Western Union collaboration is big for XRP
Reports have emerged suggesting that Western Union is trialing the Ripple XRP blockchain as a means of transferring assets between branches. This would be huge news for Ripple XRP, dwarfing all of the cryptocurrency partnerships that we have heard about to date.
Stellar Lumens [XLM]’s technology is now live on IBM’s blockchain platform strategy
Jesse Lund, IBM’s leader for blockchain market development and digital currency strategy declared: “Stellar is part of the IBM Blockchain platform strategy.”
Bitcoin is dead!
Apparently, Bitcoin is dead. That is what the world’s media have been telling us for as long as the crypto has been alive. In fact, the number of “Bitcoin is dead” articles is over 250, and counting. The doomsayers have been wrong time and again.
Abra CEO: Bitcoin price to skyrocket soon
The founder of cryptocurrency payments start-up Abra feels that there’s a lot of exaggeration involved in the reports of bitcoin’s imminent death. Bill Barhydt indeed predicts better days ahead for the widely popular digital currency, and it’s not just blind optimism that backs him.
Hodl Bitcoin despite bearish days
Bitcoin big whale Tom Lee urges bitcoiners to hodl on despite recent bloodbath. The Fundstrat team has predicted a bullish 2018 for the crypto markets led by bitcoin and ethereum.
Russian hotels will accept Bitcoin payments during FIFA World Cup
Hotels in Kaliningrad, Russia, will let football fans pay for their accommodations with bitcoin when they visit the country for this year’s FIFA World Cup, which will be from June 14 to July 15.
Binance preparing to capture Coinbase market share, Coinbase ready for battle
Binance has well over 10 million active users and a daily trading volume worth of USD$1.7 billion, putting it in elite status as one of the largest cryptocurrency exchanges in the world. Coinbase is located in the United States, has over 20 million users, is available in 32 different countries, with over US$150 billion in total trades, and is one of the largest fiat-to-crypto exchanges in the world. GDAX is the advanced trading exchange for Coinbase and average daily volume is USD$ 374 million, which is significantly lower than the volume on Binance.
Survey: 40 percent of young South Korean adults are willing to invest in cryptocurrencies
The Bank of Korea (BoK) conducted a poll among 2,511 participants and found that 21 percent were aware of digital currencies such as bitcoin and ethereum. However, that figure rose to 29.4 percent for the 20-somethings age group and 40.3 percent for those within the 30-something age bracket.
Time to buy the Ripple (XRP) and Stellar (XLM) dips
But with such dips, comes opportunity of getting your hands dirty once again in the markets.
Liechtenstein Will Release New Regulations To Support Blockchain
The Liechtenstein’s authorities are planning to introduce new laws in order to regulate projects based on blockchain technology. The project will be ready in the summer of 2018 and will be focused on providing support to projects based on blockchain technology.
Big banks take another look at Bitcoin and Ripple
As Bitcoin and the cryptocurrency market get pressured by a bearish sentiment based on the technical pattern known as “death cross”, investors are also aware of the mixed signals coming from big banks regarding the asset class – with great focus on Bitcoin and Ripple.
Ripple XRP partnering up with Hyperledger
The San-Francisco based startup Ripple [XRP] has just announced a partnership with Hyperledger – an open source initiative, marking an important step on unfolding the infrastructure for their long-term view of the Internet of Value.
Crypto business is now legal in Belarus
Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment.
Mt. Gox suspected for another BTC sell off
It has been reported that an unknown account that is holding a massive amount of BTC has transferred 7,000 of them to an exchange and is approaching people to make the sell-off.
Australian startup Power Ledger unveils first commercial deployment of energy trading platform
One of the most successful and prominent Australian blockchain startups, Power Ledger, has unveiled the first commercial deployment of its energy trading platform. With this deployment, the Australian startup will partner with Greenwood Solutions, a company that works with renewable energy projects.
Ford Motor files cryptocurrency patent
The Ford Motor Company filed a patent on Tuesday describing a token-based system that allows vehicles to improve traffic flow.
German National Tourism Board accept cryptocurrency payments
The German National Tourism Board (GNBT) has announced that it starts accepting cryptocurrencies for the services they offer. The GNTB promotes several destinations all over the world for people to visit.