Welcome to my Cryptocurrencies Market Overview for Thursday, March 15, 2018.
Today in the news:
- Lightning Labs has announced their first Lightning mainnet release, lnd 0.4-beta.
- A British cryptocurrency exchange is planning to enter the bitcoin futures market.
- Bitcoin’s average blocksize falls to its lowest level since October.
- Members of U.S. Congress raised concern about nefarious uses for bitcoin, and a lack of investment protections for digital currency investors.
- And more crypto news below...
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Latest Crypto News - March 15, 2018
Bitcoin Price Plunges Toward $8,000 as Market Grows Heavy
The Bitcoin price plunged toward $8,000 on Thursday as the cryptocurrency market began to grow heavy across the board. Just two top 100-cryptocurrencies — Kin and DigixDAO — managed to advance against the US dollar, while the other 98 endured another day in the red.
Read more: www.ccn.com
More sources about Bitcoin's price:
- $6K in Sight? Bitcoin Price On Edge of Correction
- Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues
- Crypto Market Sees A Drop On Google Crypto Ad Ban FUD, Despite Adoption News
Strong Words, Little Action: ICOs Draw Fire at US Congress Hearing
"Congress has a responsibility to ensure that investors are protected without unduly preventing growth." So said U.S. Rep. Randy Hultgren of Illinois during a Wednesday hearing of the House Capital Markets, Securities and Investment Subcommittee, which met in the morning in Washington, D.C. Drawing a mix of academic and industry witnesses, the hearing highlighted the divergent viewpoints on the technology held by some of the members of Congress.
Read more: www.coindesk.com
Other sources:
- Crypto Is a 'Crock'? Twitter Reacts to House ICO Hearing
- Congressional hearing on cryptocurrencies devolves into bitcoin bash fest
Lightning Labs has announces their first Lightning mainnet release, lnd 0.4-beta
Today we at Lightning Labs are announcing the release of lnd 0.4-beta! This release marks the 4th major release of lnd and the first Lightning mainnet beta, an important milestone.
Read more: lightning.engineering
Other sources:
Effects of Mt. Gox Trustee's $400 Mln Sale on Bitcoin Market
An economic analysis of the effects the Mt. Gox bankruptcy trustee’s decision to sell $400 million of Bitcoin on online exchanges has had on the Bitcoin market.
Read more: cointelegraph.com
Bitcoin Futures Launch in the UK
Coinfloor have announced their group of cryptocurrency exchanges will now include Coinfloorex, a bitcoin futures exchange. Offering “institutional grade risk management and governance,” traders, hedge funds, and miners will get bitcoin futures “at scale” through “specifically designed cryptocurrency contracts and operational controls.”
Read more: news.bitcoin.com
Other sources:
Europe's richest royal family is 'open' to cryptocurrency investments
Liechtenstein's crown prince is interested in potentially using blockchain for administrative tasks in the country.
Read more: www.independent.co.uk
Bitcoin Hurts Govt 'Control' Of Dollar, Senator Lets Slip in Speech
US senator Brad Sherman called cryptocurrencies “harmful” in a government meeting March 14, appearing to accidentally admit they reduce government control of the dollar.
Read more: bitcoinist.com
Chinese Investment Group to Launch Blockchain Funding Center
A government-led investment association in China is reportedly establishing a funding center to foster blockchain development in the country.
Read more: www.coindesk.com
Small Business Owners Are Becoming More Comfortable With Taking Bitcoin as Payments
There is an interesting trend developing with small business merchants and their willingness to accept Bitcoin. More of them are willing to accept it, and that’s partly due to Square, and credit card fees.
Read more: cryptovest.com
Jeff Bezos Now Worth as Much as Bitcoin’s Entire Market Cap
The biggest technological breakthrough since the internet is worth about as much as just one man, Jeff Bezos, founder and CEO of Amazon.
Read more: www.trustnodes.com
Digix DAO Price Anomaly Once Again Goes Against Market Tide
The trading of Digix DAO (DGD) on Binance once again revealed an anomaly, as the asset grew while other market prices were sinking. DGD is traded against Bitcoin, and inched up as the 8th most traded asset on Binance. The price has been down from the peaks above $500, but still moved against the markets in the recent sharp slump.
Read more: cryptovest.com
Bitcoin’s Average Blocksize Falls to its Lowest Level Since October
For the first time in many months, bitcoin’s average blocksize has fallen to 0.75MB, down from its previous constant level above 1MB.
Read more: www.trustnodes.com
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