Cryptocurrencies Market Overview - March 29, 2018

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Today in the news:

Bitcoin plunges below $7,400 :(
China's central bank has said cryptocurrencies will be one of its top priorities this year.
The crypto market will boom again this year according to the CEO of startup Abra.
Two exchanges in Japan announced they are closing due to regulatory compliance.
Bank of Montreal (BMO) banned its customers from buying Bitcoin.
And more crypto news below...

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Latest Crypto News - March 29, 2018

Bitcoin plunges below $7,500: What’s driving the selloff?

Digital currency prices took another leg lower Thursday as persistent selling pressure continues.
_{Read more: www.marketwatch.com}

$7K Next? Bitcoin Bears Pull Off Downside Break

Bitcoin (BTC) bears have come out victorious in the two-day tug of war with the bulls and may push prices down to $7,000.
_{Read more: www.coindesk.com}

How Many Americans Really Own Crypto, Skewed Results of Polls and Surveys

A recent survey conducted by Finder set out to find cryptocurrency ownership, interest, and gender distribution statistics for the American population.
_{Read more: cointelegraph.com}

China's Central Bank Eyes Crypto as Possible Yuan Risk

China's central bank has said cryptocurrencies will be one of its top priorities this year, in an effort to protect the national currency.
_{Read more: www.coindesk.com}

Other sources:

State Digital Currency Still On Agenda, Says China's Blockchain Lead

The crypto market will boom again in 2018 according to the CEO of American Express-backed startup Abra

The founder of a Silicon Valley-based cryptocurrency business said the sector will boom again this year once big investors watching from the sidelines move into the market.
_{Read more: www.businessinsider.com}

Other sources:

Japan: 2 Bitcoin Exchanges Choose Shutdown Over Regulatory Compliance

Japan’s financial services regulator continues to reshape the country’s cryptocurrency exchange industry as two operators announce they are closing, local source Nikkei states March 28.
_{Read more: cointelegraph.com}

Other sources:

Two Japanese Cryptocurrency Exchanges to Shut down Amid Coincheck Hack Fallout: Report

Bank Of Montreal Staff Memo Appears To Show Bitcoin ‘Block’ Due To ‘Volatility’

Canadian lending institution Bank of Montreal (BMO) banned its customers from buying Bitcoin in a move seemingly confirmed March 28.
_{Read more: cointelegraph.com}

Other sources:

Canadian Multinational Bank BMO Blocks Cryptocurrency Transactions

Bitcoin’s popularity in Africa continues to soar

In Africa, Bitcoin’s popularity continues to soar. The crypto-currency market offers Africans the means to take control of their financial destiny. The buying and selling of Bitcoin in Africa continues to grow at a remarkable rate.
_{Read more: decentralpost.com}

World’s Fifth Largest Crypto Exchange Bitfinex Wants To Move To Switzerland

British Virgin Islands-based Bitfinex, the fifth largest crypto trading platform in the world in terms of trading volume, intends to relocate its business to Zug, Switzerland.
_{Read more: cointelegraph.com}

Polls Indicate South Koreans in Twenties, Thirties, Heavily Invested in Crypto

A Bank of Korea poll that has revealed the popularity of cryptocurrency in the nation. The survey shows South Koreans in their 20s and 30s are familiar with cryptocurrencies and are willing to invest in them.
_{Read more: bitcoinnews.com}

Bank of England To Test Blockchain Features For New Payment System

The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT).
_{Read more: cointelegraph.com}