Please don't forget to answer the polls down below too! It's a great way for us to interact with you all and hear what you have to say. 💭 Happy reading! 📚
Over the last 24 hours, total market capitalization rallied from ~$126.9 billion to ~$131.5 billion, with most coins seeing gains in the ~3-7% range. Notable movers of the day are EOS (EOS), Litecoin (LTC) and Ontology (ONT), up ~11.9%, ~12.7% and ~12.5% respectively. 24 hour daily volume also spiked to ~$34.8 billion. Daily volume has been picking up since the beginning of February, which is a good sign. 👍
BTC is currently trading at ~$3,880, up ~3.1% from yesterday. As a result, the rally brought BTC back above its 50-day EMA line on the daily chart. RSI level sprung back up from ~47.8 to ~55.6. On the weekly chart, BTC is close to testing the 50-day EMA line, a line it has failed to break to the upside of several times since it broke below it in mid Nov 2018. 👀
After a media blunder last Friday, Coinbase is now taking steps to mediate the damage by assuring the public that it had “never shared [their] customers’ personally identifiable information with any third-party blockchain analysis vendors.” 🗣️
This comes after Christine Sandler, Coinbase’s director of institutional sales, justified the acquisition of controversial blockchain analytics firm Neutrino by saying the exchange’s previous analytics provider was “selling client data to outside sources.” Coinbase now says that Sandler misspoke. 😅
Cryptocurrency futures provider Crypto Facilities has seen an increase of 500% in trading volume since it was acquired by crypto exchange Kraken in February. 🤯
In total across all 5 products offered by the firm (Bitcoin (BTC), Ether (ETH), XRP (XRP), Litecoin (LTC) and Bitcoin Cash (BCH)), almost $1 billion in crypto futures has been traded over the past month.
A huge reason for this growth stems from the acquisition by Kraken itself. Crypto Facilities' user base has grown 400% over the last month, as compared to the month before the acquisition. 👍
Deadline extension request ⏲️
Canadian court has given crypto exchange QuadrigaCX a 45-day extension to search for for nearly $140 million in missing cryptocurrencies.
Judge Michael Wood of the Nova Scotia Supreme Court, remarked that a stay of proceedings first granted a month ago should be extended by just under 45 days, with the next hearing scheduled for 18 April. Creditors cannot sue the exchange until the stay expires or is lifted. 🛡️
Wood also approved the appointment of a chief restructuring officer (CRO), a person who would manage the exchange and related companies while working with court-appointed auditor Ernst & Young in recovering the funds that Quadriga owes its customers.
The set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain.
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Other news 📰
Traders of Trustoken’s regulated stablecoin TrueUSD (TUSD) will have a “real-time” view of the U.S. dollars backing the token. 🧐
The “first” real estate transaction on a blockchain in Switzerland has been completed by 3 Swiss firms. 🤖
A report by security firm Cisco revealed that university campuses are ranked the 2nd biggest miners of digital currency across industry verticals at 22%, second only to the energy and utilities sector, with about 34%. This is due to many campuses offering free electricity to students, which are continually being taken advantage of. ⚡
Crypto calendar 📅
31 Mar - U.S. SEC's initial decision on the NYSE Arca and Bitwise Asset Management's Bitcoin ETF application
5 Apr - U.S. SEC's initial decision on the VanEck, SolidX and the Cboe BZX Exchange Bitcoin ETF application
How much do you agree with this statement: "Stablecoins are currently of great use to me"
The average vote was 4.7.
"Why do you say so?"
I don't see anything good in them. They only slow us down from our path. - They are actually pretty useful. Fiat-crypto gateways aren't the most efficient at the moment, so these stablecoins help temporarily bridge this gap by being placeholder tokens for real fiat! 👌🏻 Not yet not main stream yet - It could very well be mainstream soon enough! Way too boring - Boring, yet useful. 😊 recently i have used them few times. mainly to hedge on BTC. net result for me is approx zero. but its a good product to convert them any of your coin is having unrealistic value & u think it will dip.. u can multiply your holding.. but is risky. - Stablecoins can serve as a useful tool for swing trading. 🔨 looked at but not understood reason for. - Exchanging fiat for crypto, or vice versa, is a process that is currently still time consuming. Stablecoins help with this. 👍 The future is here! - Exciting, isn't it? (: I don't use stable coins at present because I'm not selling. If I sell some coins in the future, I might use a stable coin. - If you have a knack for swing trading, you could sell some every time you anticipate a dip and rebuy back in shortly after once prices recover. 😀 I actually just responded 10, so I had the opportunity to request that the blockchain and crypto assets workshop with Henri Arslanian is made available for playback online as I am based in the UK so I am unable to attend the workshop in person and a live stream would be at a VERY unsociable hour. - Hey, unfortunately there isn't going to be a online playback. Do try your best to attend! 🙏🏻 I can stay with crypto to make profit without takeing tax from selling crypto to Fiat. - Stablecoins aren't considered fiat though. Nahh, there's no fun in stablecoins. I never use them - I would recommend exploring them! Pretty useful imo. 🧐 Don't trade with stablecoins - Nuuuuuuu.
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