Today in the news:
- Unfortunately, most cryptocurrencies have erased yesterday’s gains.
- Ledger released firmware 1.4 for the Ledger Nano S. You can now install up to 18 apps on the device.
- Kakao, the South Korean firm behind the popular chat app KakaoTalk, is planning on establishing a unit dedicated to blockchain technology and is considering launching an ICO.
- A South Korean travel website with over 50,000 hotels will begin accepting 12 cryptocurrencies.
- The U.S. Marshals are set to auction off nearly $25 million worth of bitcoin later this month.
- And more crypto news below...
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Latest Crypto News - March 6, 2018
Cryptocurrency Market Erases Yesterday’s Gain, Ripple Drops 11%
Yesterday, on March 6, the global cryptocurrency market moved closer to the $500 billion mark, as it peaked at $475 billion. Today, the market dropped by nearly $30 billion in value, as major cryptocurrencies recorded losses.
Read more: www.ccn.com
Tethers Have a Competitor: TrueUSD (TUSD) Promises Audited Fiat Backing
USDT trading sees a competitor, as tokens move to replace or represent fiat in Bitcoin trading pairs.
Read more: cryptovest.com
Korean Messaging Giant Kakao to Launch Blockchain Subsidiary
South Korean internet giant Kakao, which owns the popular messaging app Kakao Talk, is reportedly moving to integrate blockchain technology in its business.
Read more: www.coindesk.com
Other sources:
- South Korea’s Largest Messaging App Plans Blockchain Unit with ICO Launch
- South Korean chat app provider Kakao to launch blockchain unit
US Marshals to Sell $25 Million in Bitcoin at Auction
The U.S. Marshals are set to auction off nearly $25 million worth of bitcoin later this month. The government agency announced Monday that it will put approximately 2,170 bitcoins on the auction block, with the sale planned for March 19. Would-be bidders must submit a $200,000 deposit and complete the registration requirements by March 14 to participate, according to the Marshals Service.
Read more: www.coindesk.com
Other sources:
South Korean Travel Site with Over 50,000 Hotels to Accept 12 Cryptocurrencies
A South Korean travel website with over 50,000 hotels and other types of accommodation facilities will begin accepting 12 cryptocurrencies, thanks to a partnership between its operator and Bithumb, a major cryptocurrency exchange in Korea.
Read more: news.bitcoin.com
Coinbase Hit by Two Class Action Lawsuits, One Alleges Insider Trader Information
Cryptocurrency exchange Coinbase is facing two class action lawsuits, one of which is claiming insider trader information.
Read more: coinjournal.net
Georgia now Considering Bitcoin Tax Payments
Georgia has become the latest U.S. state to consider Bitcoin for tax payments. The bill proposed by two senators of the state would allow citizens to pay their tax duties in Bitcoin.
Read more: www.crypsign.com
Bitcoin on Lightning Too Risky? Maybe Ice Cream Will Tempt You
An experimental San Francisco service is seeking to entice bitcoin users to explore the its in-development Lightning payments network.
Read more: www.coindesk.com
Japan’s Finance Giant SBI Buys 40% Of Taiwanese Crypto Hardware Wallet Company
Japanese financial services group SBI Holdings has bought 40% of Taiwanese cryptocurrency hardware wallet company CoolBitX, according to a press release published March 2.
Read more: cointelegraph.com
Other sources:
New firmware update 1.4.1 available for the Nano S
Ledger just announced the release of the Ledger Nano S firmware 1.4, which brings several functional changes, new UX features as well as a few security improvements. One key update that they are really excited about: with the firmware 1.4, you’ll be able to install many more applications on your Ledger Nano S!
Read more: www.ledger.fr
GMO Has Mined Millions of Dollars in Bitcoin Already
The cryptocurrency mine launched by Japanese IT firm GMO Internet has generated more than $3 million in revenue over the past three months.
Read more: www.coindesk.com
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Bleh that's no bueno. Hate to see things going completely red just when we thought they might be on the up and up!
Thanks for the overview, very helpful! Eventhough FOMO is causing XRP to go up, it still is a useless coin. Many people don't even know that Ripple offers 3 types of service, which only 1 (the least used) utilizes XRP. The platform might be good, the coin itself is pure speculation with the hope of Ripple cross selling their clients into XRP. Took my profit and left XRP forgood.
Wow I was looking for something like this. A chart showing all currencies together is the need of time. Thanks for sharing your weblink and have already added it to bookmarks.
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Thanks for this Recap! As a newcomer i think this market is very though, especially when you look at the shortterm movements. But looking at the history of BTC and the age of crypto, i think we are looking at the biggest green candles in history soon. I guess the market will further calm downwards before we see the next bull run.
I hope , cryptocurrency market will recover soon.
Very informative blog. Upvoted and resteem it.
Man! I thought we were headed back up... What do you all think of DigixDAO? Seems to be a good hedge against the cryptocurrency market as a whole. Do you think it could be a good coin in times of uncertainty like this?
Its such a shame to still see cryptos in the red. Hopefully, by next month we will see some form of bullish conditions because at the moment the market is depressing. Thanks for the detailed market overview!
Great job, so useful. Will follow:)
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good review. keep on doing that great work!
thank you :)...
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Okay we all know volatility of the cryptos but I han’t seen such a ngative news which could explain double red digits for most coins.
Do you think that the drop will go further do you think that it is just a glitch? In the first case we should wait with buying this dip, in the other case we should use some dry powder today!
Those are all positive news... i hope it will effect the price of crypto to the next ath.
Everyday a lot of things happening in the cryptoworld...need to catchup with the latest news each hour of the day.
Brother your work is truly invaluable, I want you to know how much I appreciate it.
Sometimes you find posts so incredibly solid and done so well that you forget that it's one person doing it and not just some random service.
Today I remembered this, you are incredible and your work is outstanding! Thank you for all you do!!
I’m holding Tezos extra tight today. Launch already!
Thank you for the information @penguinpablo
Very nice post dear
Blood in the street for today!
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Thank you @penguinpablo . Good to hear that Crypto is picking up
Steam ( no pun intended lol) in being accepted on a worldwide basis :)
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Hey @penguinpablo I find your daily market overviews spot on and really useful.
I love your site www.coinmarkets.today and, as I live in Europe, it would be tremendously helpful to have the quotes available in Euros.
Could you please add a feature so we could switch from USD to EUR? It will help a lot of people here in Europe.
Thank you!