Welcome to my Cryptocurrencies Market Overview for Friday, March 30, 2018.
Today in the news:
- The crypto market has fallen to the lowest level since November last year.
- Bitfinex is considering a move to Switzerland.
- United Colors of Benetton in Lithuania starts accepting Steem and other cryptocurrencies.
- Intel has filed a patent for a Bitcoin mining hardware accelerator that would reduce the amount of electricity used in crypto mining.
- And more crypto news below...
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Latest Crypto News - March 30, 2018
Bitcoin Eyes Bottom After 50-Day Low Below $7K
Bitcoin (BTC) prices dropped to a 50-day low of $6,630 earlier today, but a glimmer of good news for the bulls is that the cryptocurrency appears to be nearing a bottom.
Read more: www.coindesk.com
More sources about the price:
- Bitcoin Drops From $7,900 to $6,600 as Cryptocurrency Market Takes a Beating
- Crypto Market Sinks to Lowest Point since Nov 2017
- Crypto Markets See Monthly Lows, BTC Trading Around $7,000
Ethereum Hits All-Time Low for 2018 Following Crypto Bloodbath
The world’s second-biggest cryptocurrency, Ethereum (ETH) has dropped below $450 against the US dollar — its lowest point since November 2017. The cryptocurrency’s price, which at press time sits at $397, has been bleeding heavily for the past few weeks. According to Coinmarketcap.com data, ETH has lost half its value since March 1st, 2018.
Read more: bitsonline.com
More sources about Ethereum's price:
Crypto Exchange Bitfinex Eyeing Move to Switzerland
Bitfinex is looking to relocate its business, and Switzerland is at the top of the list of possible new locations.
Read more: cryptovest.com
Other sources:
Telegram Attracts $850 Mln In Second Round Of ICO
Pavel and Nikolai Durov reported that they raised $850 mln in the second round of their initial coin offering (ICO) in a notice signed today with the US Securities and Exchange Commission.
Read more: cointelegraph.com
Other sources:
Crypto Exchange OKEx to Roll Back Trades After Futures Plunge
Hong Kong-based crypto trading platform OKEx will roll back futures transactions following what it called an "irregular" sell-off.
Read more: www.coindesk.com
US Tech Company Intel Files Patent To Reduce Bitcoin Mining Energy Use
US technology company Intel has filed a patent for a Bitcoin (BTC) mining hardware accelerator that would reduce the amount of electricity used in crypto mining by “reducing the space utilized and power consumed by Bitcoin mining hardware,” according to a US Patent and Trademark Office patent application released yesterday, March 29.
Read more: cointelegraph.com
Other sources:
- Intel Wants to Patent a Bitcoin Mining Hardware 'Accelerator'
- Intel Submitted a Patent for Bitcoin Mining Hardware Accelerator
Bittrex Opens TrueUSD-Tether Trading Pair
Just weeks after the appearance of a new dollar-pegged coin, the TrueUSD (TUSD), a new trading pair was set, against Tether (USDT).
Read more: cryptovest.com
United Colors of Benetton in Lithuania Starts Accepting Steem
A fashionable high street brand you’ve probably visited during your clothes shopping now accepts in their physical stores in Lithuania a number of cryptocurrencies.
Read more: www.trustnodes.com
Singapore Media Regulator Launches ‘Blockchain Challenge’ To Promote Adoption, Innovation
Singapore’s Infocomm Media Development Authority (IMDA) has launched a “Blockchain Challenge,” in order to promote Blockchain innovation and adoption in businesses, according to a press release published yesterday, March 29.
Read more: cointelegraph.com
Other sources:
EOS: What is Keeping the Token in the Green?
The EOS digital asset has been having a short-term price hike. What is curious is the EOS market price has kept up well, even in the dramatic price fall that took Ethereum down to $300, and Bitcoin below $7,000.
Read more: cryptovest.com
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