It was a disappointing day for cryptocurrency investors, as 97 of the top 100 coins posted single-day declines. However, the NEM price (XEM) not only resisted this bearish trend — it actually managed to achieve a double-digit percentage increase against the US dollar. Continue reading NEM Price Jumps 16% as Other Top Coins Tumble
Cryptocurrency Market Enters Maturity as New Projects Link Crypto to Real Economy
Over decades, blockchain technology has been undergoing the hassle of legal procedures to prove being a real solution for developing business surroundings. Despite an onslaught of criticism, a blockchain-based digital ecosystem has successfully disrupted traditional banking and financial system bypassing third parties and bringing benefits of seamless international transactions via a transparent online ledger that everyone can keep track of. Continue reading Cryptocurrency Market Enters Maturity as New Projects Link Crypto to Real Economy
Malaysia’s Central Bank Rebukes ICO For Unauthorized Use Of Its Logo
The Central Bank of Malaysia (BNM) officially stated that they do not endorse crypto platform Coinzer and its unlicensed logo design on March 11. According to BNM’s press release, Coinzer used the unauthorized images of the BNM logo and the Malaysian coat of arms on the physical design proposition for the coin, its white paper, and its website. BNM adds that crypto investments are risky and are not considered legal tender in Malaysia. Continue reading Malaysia’s Central Bank Rebukes ICO For Unauthorized Use Of Its Logo
Anonymous Blogger Lawyers Up For Alleged Legal Battle With Bitfinex
Anonymous blogger Bitfinex’ed, who markets his or her blog as a place for “exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether,” has reportedly hired D.C.-based lawyer Steven Palley as part of a potential legal battle between the blogger and the exchange. Bitfinex is currently the third ranked exchange by volume over a 24 hour period according to data from CoinMarketCap, trading a total of around $987 mln by press time. Continue reading Anonymous Blogger Lawyers Up For Alleged Legal Battle With Bitfinex
Bitcoin ‘Has Potential’ To Drop Below February Low Of $5,922
Goldman Sachs’ technical analysis team led by Sheba Jafari has recently made another Bitcoin (BTC) prediction, stating that the major cryptocurrency risks sinking below the February low, Business Insider reported on March 12. On Sunday, the team sent a note to clients warning that the next BTC sell-off threatens dipping below the February low of $5,922. Jafari’s team suggested that the next sell-off would be caused by the break of short-term support at $9,210. Continue reading Bitcoin ‘Has Potential’ To Drop Below February Low Of $5,922