🗞 Daily Crypto News, March, 27th 💰

Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates;
Miners Are Selling More Bitcoin Than They Are Mining;
Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users;
Suspicions Grow During BitBay’s 18-Hour Outage;
Coinbase’s Retail Payments Wing Crosses $200M in Transactions ;
🗞 Daily Crypto Calendar, March, 27th 💰
STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates

Since dropping to $24.05 during the strong marketwide correction that occurred on March 12, Monero (XMR) has rallied 99.5% and currently trades at $49.

The recent recovery occurred on consistently strong purchasing volume and the altcoin has spent the last 10 days trading in an ascending channel.

In the event of a pullback, there is support at $49.23 and $47 where the ascending channel midpoint and 20-MA are situated. Below the 20-MA XMR should find support at $45.45 and $41.39 which is below the ascending channel but also next to a high volume node on the VPVR.

Currently, XMR facing resistance at $51 and pushing through this level could be a challenge, though the next target will then be $54.

🗞 Miners Are Selling More Bitcoin Than They Are Mining

While bitcoin (BTC) looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling.

The world’s largest cryptocurrency by market value rose from $3,867 to $7,000 in the 13 days to March 25, according to CoinDesk’s Bitcoin Price Index. Yet, throughout the 81 percent recovery rally, miners sold more coins than what they generated, according to the miner's rolling inventory (MRI) figure, a measure created by crypto data company ByteTree to track the changes in inventory levels held by miners.

🗞 Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users

EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA).

Court documents filed with the Ontario Superior Court of Justice on March 24 detail the demand, which spans 750,000 documents on the exchange’s 115,000 customers.

Canadian tax authority requests trove of QuadrigaCX user data

“The Trustee has advised CRA that its intention is to simply produce a copy of the full EDiscovery Database, redacted only for the privilege, in response to the CRA Production Demand,” the document states.

The requested data was collected by EY from both internal and third-party sources — spanning personal user information, account balances, and transaction histories from 2016 until 2018.

🗞 Suspicions Grow During BitBay’s 18-Hour Outage

Estonia-based cryptocurrency BitBay went offline for more than 18 hours citing problems caused by a third-party service provider.

On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange stated that it had contacted the provider and was working on resolving the problem.

Founded in Poland in 2014, BitBay claims to be the third-largest cryptocurrency exchange in Europe with more than 800,000 users.

At 2.56AM (UTC) today, BitBay announced it was back online and would resume trading at 9AM.

🗞 Coinbase’s Retail Payments Wing Crosses $200M in Transactions

Virus or not, people are still paying for goods in bitcoin.

That’s the verdict from new numbers out of Coinbase’s retailer payment portal Coinbase Commerce, which on Thursday passed a milestone in its two-year history: $200 million in total transactions processed.

That comes from a massive network: 8,000 integrated retailers now accept cryptocurrencies alongside their other payment streams. It’s a bright spot for adoption in an otherwise topsy-turvy time for bitcoin and cryptocurrency at large, which, like so much of the world, has been struggling to price in COVID-19.

🗞 Daily Crypto News, March, 27th💰

Ethereum Gold (ETG)

"We are excited to announce the #IEO for $etg token in @VinDAXOfficial on 27 March 2020"

Matic Network (MATIC)

"Don’t miss the third session of the Matic Master Class series, Friday at 8 PM IST!"

TrueChain (TRUE)

"Subscription time: March 27 Total public testing supply: 700,000 TRUE"

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

We are currently inside a trading canal created by the support line at 0.15$ and the resistance line at 0.19$. The STEEM, like many other altcoins, is waiting that the BTC decide a direction to make its own break out. Let's hope all this market will go to the north...

🗞 Daily Crypto News, March, 27th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates

🗞 Miners Are Selling More Bitcoin Than They Are Mining

🗞 Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users

🗞 Suspicions Grow During BitBay’s 18-Hour Outage

🗞 Coinbase’s Retail Payments Wing Crosses $200M in Transactions

🗞 Daily Crypto News, March, 27th💰

STEEM Trading Update by my friend @cryptopassion

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