From the perspective of Bitcoin's long-term basic indicator unaffected by flash crashes, PayPal studied Blockchain use cases. Here are some highlights from the crypto market.
Bitcoin experienced a sharp decline on March 12, but some of the long-term fundamental indicators were unaffected by this.
According to Glassnode, the number of non-Bitcoin addresses has been on an upward trend since the beginning of the year. By the end of December, the number of addresses was around 26.5 million and by the end of March, the number had exceeded the 30 million range.
Number of addresses that do not contain Bitcoin | Source: Glassnode
The number of BTC addresses with 1 BTC also reached an all-time high of 795,630 on March 14, relatively higher in 2020.
Average transaction volume of Bitcoin also keep rising throughout the year and in the 3rd week of March. High trading volume indicates that the BTC network has been operating stably, despite the falling prices.
PlanB's Bitcoin price model is no longer valid
15 months ago, in January 2019, after Bitcoin bottomed at $ 3,216, a rare analyst tried to maintain the future uptrend. Trader and seasoned researcher, PlanB, came up with a model with data on weekly moving averages, mining difficulty and halving. But now he says the prediction is no longer accurate.
One month before the sharp decline in Bitcoin's price, PlanB remained confident in its model. He even determined that a new round of growth would begin shortly after halving and peaked in December 2021.
However, BTC has experienced a historical price drop alongside Altcoin. Its price has dropped below $ 4,000. Therefore, PlanB said it will take some more time for BTC to reach $ 100,000.
Fair to say this out-of-sample-test failed. This indicator goes straight into the 🗑️ https://t.co/tDpNuTdZ0l
- PlanB (@ 100trillionUSD) March 31, 2020
Mike Novogratz posted the message about Bitcoin
As central banks constantly launched economic stimulus packages, Mike Novogratz, CEO of Galaxy Digital, posted a message to his followers: "Buy Bitcoin."
Buy $ BTC.
- Michael Novogratz (@novogratz) March 31, 2020
In the midst of constantly printing money, Bitcoin, a currency whose total supply is limited to 21 million, seems to be more attractive than ever.
Although cryptocurrencies cannot function as a safe haven during the corona virus sell-off, Mike recently said that 2020 could be a year of thriving for Bitcoin.
In a recent discussion on the "strange idea" on Twitter, Ethereum co-founder Vitalik Buterin proposed to discuss anti-aging research.
Vitalik states that every 2 years, the number of people dying from aging is equivalent to the number of deaths during World War 2. In addition, he said this problem is creating a burden on social and family systems. family. Buterin hopes that scientists will soon be able to extend human life.
If we cant be more open minded about accepting new weird ideas, can I suggest anti-aging research? Aging is a humanitarian disaster that kills as many people as WW2 every two years and even before killing debilitates people and burdens social systems and families. Let’s end it.
- vitalik.eth (@VitalikButerin) March 30, 2020
Whale Alert announced 74 million XRP (approximately $ 12,693,316) moved from Ripple OTC Distribution to an unknown wallet.
🚨 74,000,000 #XRP (12,693,316 USD) transferred from Ripple OTC Distribution wallet to unknown wallet
- Whale Alert (@whale_alert) March 31, 2020
Tether and Bitfinex CTO believe that USDT stablecoin can bring the necessary liquidity and stability into the emerging decentralized financial space (DeFi).
At the CryptoCompare Digital Asset Summit in London earlier this month, Paolo Ardoino said the DeFi space faces systemic risk if it only takes advantage of the value from the digital asset space.
"The whole value of the DeFi space, a large volume of complex financial products, cannot be entirely based on the value of a volatile asset class."
Tether made the first foray into the DeFi space, in cooperation with Ethereum-based lending protocol, Aave.
Aave CEO Stani Kulechov said the integration would allow institutional investors to enter the market through OTC, which could also help "pump liquidity into DeFi space".
Tether CTO Claims USDT Stablecoin Can Boost DeFi Liquidity - https://t.co/ifBhbvGlrF CTO Claims USDT Stablecoin Can Boost DeFi Liquidity
- BTC Ethereum (@BtcEthereum) April 1, 2020
ICX price has dropped since February 4, when it peaked at 6,479 satoshi. Although initially falling very quickly, prices now seem to be leveling off in March when ICX created a bullish reversal pattern.
ICX created the descending wedge model. Trader Scott Melker, who sketched the ICX chart, suggests that prices may break out in the near future. To conclude, he used both long-term charts (weekly time frames) and short-term charts (daily time frames). However, he did not set any goals for this growth prediction.
Finally looks ready for continuation to the upside. Daily on the left, weekly on the right for context. Price broke the major black resistance and retested as support. Now doing the same from the blue descending wedge. I'm in. pic.twitter.com/JPejDpSnX5
- The Wolf Of All Streets (@scottmelker) March 30, 2020
Coinbase said its retail customers bought the most Bitcoin this month.
In one report Announced on Tuesday, Coinbase said its customers usually buy 60% more than they sell, but during this sale, that number soared to 67%.
Quickly buy Bitcoin, Ethereum and other assets | Source: Coinbase
Bitcoin is the most popular cryptocurrency, accounting for more than half of all deposits and purchases. ETH and XRP are in 2nd and 3rd place.
Launched in 2017, Nodle Internet of Things (IoT) platform declare they are transitioning from the Stellar blockchain network to Parity Technologies' Substrate network. Substrate allows the development team to customize their own blockchains called Arcadia.
Nodle provides support for IoT devices through connections to smartphones. The network claims to have recently achieved an average of about 1 million daily micro transactions via the Stellar blockchain.
Crypto exchange Binance notification that they will host a trading tournament, where participating traders can compete with teams and win up to $ 1 million (BNB token).
According to the announcement, the tournament will take place between April 10 and April 25 in two categories: daily ROI and team profits in USDT.
Binance explained that all teams that permanently trade on Binance Futures during the competition will be ranked based on the team's USDT profit, corresponding to the results of the top 10 individuals in the group.
Huobi DM, a derivatives trading arm of Huobi cryptocurrency exchange, has announced the launch of permanent swaps. In the press release, the company said the new derivative product would allow traders to better hedging and create opportunities to profit from the leverage spread in volatile markets.
Ciara Sun, vice president of global business for Huobi Group, said:
“We have experience with sudden market fluctuations that can impact on the financial ecosystem, but it is volatility that is a very normal part of the market cycle. Swaps provide traders with another tool to take advantage of market movements to generate profits. ”
Like perpetual swap?
🔥As an important part of our product line, BTC / USD perpetual swap is now available on our website and API.
More trading pairs to be announced soon!
- Huobi DM (Huobi Futures) (@HuobiDM_Futures) March 30, 2020
Coinbase report that they moved the XTZ staking bakery from the United States to Ireland in just one minute of downtime on March 31.
Since the launch of XTZ staking in 2019, the exchange has become the largest validator on the Tezos network. Coinbase Custody's Tezos Bakery moving is essential because of the legal requirements of Swiss digital asset provider, Amun.
Brazilian cryptocurrency exchange, XDEX, which is owned by Latin America's largest stockbroker, has declare ended its activities on March 31.
The company provides non-custodial cryptocurrency services, so customers have up to 30 days from the date of notice to close their positions and fully withdraw their balances on the platforms. Upon making the request, the money will be deposited to the bank account registered at XDEX within 1 working day.
“After the 30-day period, if the customer has not sold the property, we will sell it on their behalf and the proceeds from the sale will be deposited into the bank account registered with XDEX within 3 working days. . "
Insolar said that the XNS transaction on Hitbtc will be started from today.
MainNet Insolar helps promote adoption in businesses and is supported by XNS: the coin chosen by Fortune Global 500.
Deposits begin at 1 p.m UTC on April 1. Transactions begin at 3.00 p.m UTC April 1, 2020.
- Insolar (@insolario) April 1, 2020
Covantis, a blockchain-based agribusiness initiative powered by ConsenSys, has taken another step in transforming commercial and supply chain operations globally.
Backed by global agribusiness giants like Cargill and Bunge, Covantis was formally established as a legal entity in Geneva after receiving all the necessary regulatory approvals.
According to the notification On March 31, the company was a joint initiative of six founding members including: Archer Daniels Midland (ADM), Bunge, Cargill, COFCO, Louis Dreyfus Company and Glencore Agriculture. The company said it expects to begin testing the platform in May 2020.
The open source payment network Celo announced the first companies to receive funding from the investment round.
In a press release, Celo has given $ 700,000 of investment to 13 different companies seeking to build on the network, contributing to the development of the Celo platform or promoting the Celo community.
The project has received more than 50 investment proposals from development teams based in 16 different countries and the network will continue to accept proposals until May 19.
Celo, rival de Libra, anuncia USD 700,000 en fondos de subvención para 13 startups
- Mundo Cripto News (@mundocriptonews) April 1, 2020
PayPal reviews Blockchain use cases
According to the employment information Posted by PayPal, the payment giant is looking for a director on its anti-money laundering and blockchain strategy as the company seems to be exploring ways to implement this technology.
Members of the team will be tasked with evaluating blockchain use cases on the basis of preventing financial crimes such as terrorism and money laundering. The candidate for this position will also have a role to run meetings with external partners, regarding blockchain and its potential while considering the risks associated with the company's blockchain portfolio. .
BMW launches Blockchain supply chain in 2020
World-renowned car maker BMW Group plans to launch its blockchain supply chain solution for 10 suppliers this year.
According to the notification officially on March 31, the platform is called PartChain and was successfully tested by BMW in 2019. The first version of PartChain was designed to ensure immediate traceability and data transparency. For automotive components on complex supply chains, involving many international companies.
French football star complains about crypto scam network
French international football striker Kylian Mbappé has filed an application complain on March 31 about the crypto fraud network being investigated by the authorities for unauthorized use of its name.
Kylian Mbappé, who plays for Paris Saint-Germain, is being impersonated his name in advertising campaigns for cryptocurrency scams.
These ads cite Mbappé's false, false claims about the wonder of the network, and people can become millionaires after two or three months of joining.
The survey revealed 87% of IT professionals are concerned about Cryptojacking
Cryptojacking is the unauthorized use of a third party device to mine cryptocurrencies. It could be a computer, a smartphone, or a complete network of devices.
Singapore-based startup Acronis has announced Its latest cyber security survey on March 31, highlighted that 86% of IT professionals are concerned about cryptojacking.
According to the World Cyber Protection Week Survey Report 2020, IT professionals are concerned about cryptojacking attacks. The report shows that 30% of individual users and 13% of professional users do not know whether their data or computer resources have been modified.
The report also emphasizes that awareness and interest in online cyber security methods such as cryptojacking has increased over the past two years, an increase of 33% since 2019.
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