Monthly Archives: March 2020

Crypto Is Brewing in Colombia: Active Adoption That Will Wake You Up

Colombia is one of the key players in the crypto sphere by pace of adoption. What are the reasons behind such popularity? The growing popularity of cryptocurrencies in Colombia has been widely discussed, as there is no unanimous consensus over the key reasons that are driving this momentum. The fact is that there are several studies, such as the one carried out by Statista, that reflect a significant and relevant interest on the part of the Colombian user, highlighting it as the third country with the largest […]

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Air Cargo Industry Could Save $400M Per Year With Innovative Blockchain Tech

Sita and ULD Care consider using blockchain to save $400M in costs for the air cargo industry. Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12 announcement. Blockchain platform brings down cost and improves efficiency Blockchain technology allows air cargo companies to digitally track and record the change of custody for airline cargo containers, or Unit Load Devices […]

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Crypto Carnage, Fears of $1,000 BTC, MakerDAO Crisis: Hodler’s Digest, Mar. 9–15

Bitcoin suffers an epic 50% price crash, MakerDAO’s debt crisis, and a French bank blocks consumers from using Coinbase. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drops to $3,637, rebounds above $5,200 within minutes Whenever there’s a big crash on the stock market, traders on Wall Street […]

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Rapper Akon Shares Whitepaper for Upcoming Cryptocurrency

Rapper and entrepreneur Akon has shared the whitepaper for his upcoming cryptocurrency exclusively with Cointelegraph. Rapper and entrepreneur, Akon, shared the whitepaper for his upcoming ‘Akoin’ cryptocurrency project exclusively with Cointelegraph. The document describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economies of Africa and beyond,” adding that the project’s mission is to “unlock the potential of the world’s largest growing workforce” using blockchain technology. Mobile credit trading in Africa The whitepaper describes Akoins as utility tokens that power “atomic swaps” between cryptocurrencies, fiat […]

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Bitcoin Cash IFP Debate: ABC Kicks Off Fundraiser, 3 Mining Pools Signal BCHN Support

During the first week of March, there were prominent discussions concerning the recently announced infrastructure funding proposal (IFP). However, a number of crypto participants are focused on the market carnage and the possibility of a global recession. After the new full node project published plans for the upcoming upgrade, Btc.top founder Jiang Zhuoer revealed his hashrate would vote against the proposal. Two days later, the full node project Bitcoin ABC announced intentions to raise funds in order to sustain operations for one year. Currently, the Bitcoin Cash […]

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Data Transparency and Fake Trading Volumes — Institutionalizing Crypto

Data companies are bringing transparency and accountability to the crypto market, making way for institutional investments. On Feb. 26, the Securities and Exchange Commission announced the rejection of yet another ETF submission from Wilshire Phoenix, a New York-based investment firm, citing a lack of resistance to market manipulation and fraudulent activity. The filing stated that the NYSE Arca had not demonstrated that the market was “designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.” While Wilshire Phoenix aimed to […]

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ETH-Based Developer Crowdfunding Platform Joins Fight Against Coronavirus

Coronavirus relief efforts continue as an Ethereum-based dev crowdfunding platform pledges $50,000 in grants towards public health projects. The proliferation of cryptocurrency companies seeking to donate or raise funds for coronavirus relief efforts continues. Ethereum-based crowdfunding platform, Gitcoin, is advancing this trend by pledging at least $50,000 in development grants toward coronavirus-related initiatives. On March 14, Gitcoin tweeted that its fifth round of grants already has $50,000 committed toward “public health” initiatives. However, it is seeking to reach a minimum of $100,000, with the goal of distributing […]

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Circle’s USD Coin Sees Major Growth After Market Downturn

Circle’s stablecoin USDC stabilizes on a significantly higher market cap following market decline. 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 […]

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Bitcoin Cash Meetups Go Virtual in Japan to Combat Virus, Allowing Members to Choose

Due to the spread of the COVID-19 virus, BCH meetup groups in Tokyo and Osaka, Japan, have announced they will be offering a virtual option for those wishing to avoid crowded places and to participate digitally, while still supporting merchants. In Tokyo, physical venues will still be booked for those opting to meet face-to-face, allowing bitcoiners to choose their own experience. News.Bitcoin.com asked organizers some questions about the announcement, how it will work, and difficulties in coming to consensus on how to best navigate this challenge. Also […]

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Top 5 Cryptos This Week (Mar 15): LEO, XLM, ETC, XRP, HT

Most top performers of the past week have bounced sharply from their lows, which is a positive sign as it indicates buying at lower levels. This week saw huge selling in almost every asset class as panic gripped traders on the ever-spreading coronavirus cases. Cryptocurrencies were also not spared as they came under huge selling pressure on March 12 and 13, which wiped off about $92.5 billion in total market capitalization. Now, the bulls are attempting to stage a recovery. The fall of the past few days […]

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