Crypto News: March 28: Bitcoin is not the biggest bubble with the news of Ripple, Cardano, Kucoin, Binance, Bitwise

From the perspective of international government bonds, the largest bubble, not Bitcoin, came to Binance to launch the Binance Card. Here are some highlights from the crypto market.

Bitcoin news

As economies around the world grapple with the current global health crisis, industries stagnate, and companies need more funding, Max Keizer argues that the main government international bonds is representing the largest bubble in the economy without Bitcoin or gold.

In the latest Keizer Report, Stacy Herbert presented a chart shared on Twitter by Holger Zschaepitz, senior business editor at Welt, describing the collapse of bonds when the global corona virus pandemic broke out. broadcast.

The value of global bonds | Source: Bloomberg

“(Chart) is comparing the situation in the financial market, especially in the monetary policy market, Covid-19 is killing the fiat system.

The value of global bonds has dropped by US $ 5 trillion to US $ 55.5 trillion in the past two weeks, equivalent to Japan's GDP. Investors are worried about a new tsunami wave of debt when the world government is preparing to release big fiscal stimulus plans ”.

15,855 BTC was transferred to an anonymous wallet

In the past 24 hours, Whale Alert has detected about a dozen transactions totaling nearly 16,000 BTC. This amount amounts to $ 99,702,423.

These transactions are conducted with the participation of major exchanges such as Binance, Poloniex, Bitfinex, OKEx and Coinbase.

When on March 12, the Bitcoin price faced a severe decline, losing about 50% of its value and then recovering a bit, traders began to believe this was a period of accumulation.

The aforementioned transactions may be a sign that investors are actively accumulating BTC, although some may also be selling their funds.

Bitcoin is down due to the whale being sold

Margin trader Chase believes that people should prepare themselves for the unpleasant fluctuations in the price of Bitcoin.

Trader explained the recent price cuts and corrections were attributed to the whale's sell-off. Chase emphasized that we should not forget that accumulating in the $ 3,000 to $ 4,000 area would be much more beneficial than the $ 6,000 to $ 7,000 area. He said the whales had pushed the market down in order to accumulate more.

Ripple news

XRPL Monitor, the Twitter Bot that tracks XRP transactions, has uncovered a number of transactions on the XRP ledger, moving 140.4 million XRP through dozens of transactions totaling $ 24,247,080 over the past 24 hours. .

The majority of XRP migration transactions are carried out with the participation of Korean Bithumb and Coinone exchanges, as well as Japan's Bitbank transaction site.

Whale moving XRP | Source: XRPL Monitor

News Cardano

During the first six weeks of 2020, ADA prices have risen steadily and significantly, however prices have fallen by more than 50% since mid-February. However, it now seems that prices are conducting a reversal. Decision for the market.

ADA price chart | Source: TradingView

According to the 1-day chart, ADA is trading in an ascending triangle pattern since the March 12 price cut.

The next resistance level is $ 0.037, which is also the target price that ADA can reach in the next few weeks. There are also other strong resistance points at $ 0.045 and $ 0.052.

Kucoin news

On March 27, 2020, KuCoin, an IDG-backed exchange, announced the official launch of Project Pinocchio along with 21 leading blockchain organizations worldwide.

The Pinocchio Project is a neutral and reliable warning platform in the cryptocurrency industry. Through the establishment of the electronic credit reporting system, it will prevent contract violations, illegal fundraising as well as bad projects. The Pinocchio Project is committed to creating a fair and transparent business environment, while also providing the foundation for the healthy development of the blockchain and cryptocurrency industry.

Binance news

The adoption of cryptocurrencies has just gained the biggest boost this year when Binance's famous cryptocurrency exchange has just announced the launch of a crypto debit card provided by VISA. Binance Card allows users to deposit Bitcoin and Binance Coin into the card. Card users will make all necessary deposits via the unreleased Binance Card App.

The only assets that will be used to top up the card will be Bitcoin and Binance Coin. This means that BTC and BNB will have more utilities in the Binance Card application thus increasing the demand for two types of assets. This will most likely affect the value of these digital assets in a positive way. The research team at the exchange plans to deploy their services globally, thus increasing the exposure and demand of the two assets.

Bitwise News

Bitwise Asset Manager is working to deploy a cryptocurrency index fund listed on the OTC (OTCQX) market.

On Friday, the company informed investors that it had started the process of listing the Bitwise 10 Index Fund's shares on OTCQX according to the SEC's alternative reporting standards.

According to Bitwise CEO Hunter Horsley, the company will soon submit Form 211 to the Financial Regulatory Authority (FINRA) and hope to be approved by the second half of 2020. After that, investors can Start trading index stocks on popular platforms like Charles Schwab or TD Ameritrade.

Other news

The World Health Organization works with IBM and Oracle to create a corona virus database based on Blockchain

Big names include IBM, Oracle and the World Health Organization (WHO) as one of the collaborators on the open data center, using blockchain technology to check the authenticity of data related to. corona virus pandemic.

The solution, named MiPasa, was deployment in order to "quickly release information about COVID-19," said Jonathan Levi, CEO of Hacera, the platform-building company.

MiPasa, built on the Hyperledger Fabric, is expected to be developed when a range of data analysis tools are added, to examine data and information to support accurate detection of COVID- 19.

Microsoft wants to create a new cryptocurrency, which is still mined using PoW, except replacing powerful and expensive miners with basic human energy with a project called: "Electronic money system, using body activity data."

Microsoft filed a patent for the cryptocurrency system and mining system

According to the license of invention, Microsoft cryptocurrencies will use body activity data. This will allow individuals to mine cryptocurrencies and replace demand for ASICs.

According to the patent, Microsoft claims that the human body operation that Google needs to mine cryptocurrencies can be very simple. The company is not talking about forcing users to exercise and run. In fact, it may come from: brain waves or body heat emanating from a user when performing a task provided by an information or service provider, such as viewing an advertisement or using Using some internet services, may be used during the extraction.

Telegram seeks clarity about the preliminary lawsuit against TON, when the company was caught in legal proceedings with the SEC regarding its token sale. This week, the federal court judge has promulgate preliminary ban against Telegram when selling illegal GRAM tokens as an unregistered security.

In a complaint filed to the Southern District Court in New York, Judge P. Kevin Castel said that, according to the Howey Test, the SEC demonstrated that Telegram plans to distribute Grams during a stock offering under the Howey Test.

At the moment, Telegram's lawyers, in progress check Back company papers. They wrote a letter to the judge to ask about the ban in detail.

Atari cooperates with Sanbox

Entertainment company Atari is partnering with The Sandbox (TSB) on the upcoming blockchain-based game version of the platform.

In a March 27 announcement, blockchain startup company Animoca Brand, TSB Gaming's parent company, revealed that the partnership would involve creating voxel versions of 3D for the properties of the popular Atari game. Out.

In the blockchain version, based on Ethereum, Sandbox will provide users with three new features shaped by technology: an irreplaceable token building tool (NFT) and in-game voxel assets, markets to trade these assets and production tools so that users build, share and make money from in-game interactions.

Viet Cuong

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