🗞 Daily Crypto News, March, 15th💰

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

🗞 Bitcoin Plunges Below $55K Amid Weak Institutional Inflows, Profit Taking

Bitcoin is losing altitude on Monday amid weak buying pressure from institutional investors.

The crypto market leader fell as low as $54,790.33 Monday morning, having reached a record high of $61,556.59 on Saturday, according to CoinDesk 20 data. At press time, a small bounce to $55,786 was seen.

“The failure to establish a foothold above $60,000 and the decline is likely the result of the flat-to-negative Coinbase premium – a major bellwether for institutional demand,” according to Ki Young Ju, CEO of blockchain analytics firm CryptoQuant.

The premium was negative over the weekend when bitcoin broke above $60,000 and remains marginally positive at press time, implying weak institutional demand.

The spread has been significantly higher previously as prices surged above the major psychological levels of $20,000, $30,000, $40,000, and $50,000. Bitcoin has charted a six-fold rally over the past six months mainly on the back of increased institutional participation

🗞 DeFi Exchange PancakeSwap Warns of Hack: ‘Do Not Use the Site’

Decentralized crypto exchange PancakeSwap has been hacked, per a tweet.

Earlier today, a similar service called Cream Finance said its DNS (domain name service) had been "compromised by a third party." PancakeSwap's Twitter account then confirmed that it had been hacked, too, suffering a "DNS hijack."

Unlike a traditional exchange, where assets are traded through a central authority (like Coinbase, or the NYSE), a decentralized exchange is essentially just code that allows money to flow directly between traders. Decentralized exchanges tend to fall under the rubric of DeFi protocols, which are broadly defined as non-custodial systems for handling crypto.

🗞 Korean Crypto Trading Volume Has Surpassed The National Stock Exchange

Crypto transactions in South Korea hit a higher rate than the national stock market.

Bitcoin's rise to yet another all-time high over the weekend is one potential reason for the surge

Cryptocurrency transaction rates in South Korea have surged past the transaction rate for the national stock exchange, according to local news outlet Hankyung.

Per Hankyung, yesterday’s total amount of transactions combined for the four major crypto exchanges in Korea—Upbit, Bithumb, Coinone, and Kobit—was $14.6 billion.

What caused the surge?

The most obvious explanation was that this transaction surge occurred during Bitcoin’s most recent all-time high of $61,683. From the start of the COVID-19 pandemic to October 2020, the US Federal Reserve printed about 20% of all US dollars in circulation, placing inflationary pressure on the currency. In response, many have turned to Bitcoin as a convincing hedge against inflation, pushing Bitcoin’s price into uncharted territory and generating high levels of transactions on exchanges.

🗞 Technoking and master of coin — Elon Musk and Tesla CFO adopt new titles

Elon Musk’s love affair with cryptocurrency shows no sign of ending after a filing with the United States Securities and Exchange Commission announced the adoption of new official titles for him and a fellow Tesla executive.

Starting Monday, Elon Musk will carry the official title of “technoking of Tesla,” while the firm’s chief financial officer, Zack Kirkhorn, will officially be known as “master of coin.” The 8-K form filed with the SEC states:

“Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively.”
The filing also states that Musk and Kirkhorn will retain their current respective positions as CEO and chief financial officer.

🗞 Daily Crypto Calendar, March, 15th💰

Litecoin (LTC)

Litecoin (LTC) MimbleWimble (MW) initial code will be complete and ready for review March 15th.

NEM (XEM)

"#Symbol mainnet launch is on 15 March."

BitcoinPoS (BPS)

"This version contains the ColdStaking feature, requiring a hard fork scheduled to happen at block 260000, estimated to be on March 15th..."

NEM (XEM), stakedXEM (STXEM)

"Opt-in and obtain stXYM with your stXEM before 15 March"

SparkPoint (SRK)

SRK New Centralized Exchange Listing.

➡️ Youtube
➡️ LBRY
➡️ Twitter
➡️ Hive
➡️ Publish0x
➡️ Den.Social
➡️ Torum
➡️ UpTrennd
➡️ Read.cash
➡️ Spotify

➡️ Be paid daily to browse with Brave Internet Browser
➡️ A secure and easy wallet to use: Atomic Wallet
➡️ Invest and Trade on Binance and get a % of fees back

➡️ Check out my video on Unstoppable Domains and get 10$ off a 40$ domain purchase

➡️ Get 25$ free by ordering a free Visa Card on Crypto.com using this link or using this code qs4ha45pvh

20% of this article rewards wil go to the @hodl-fund account in order to support HODL Community Initiatives.

Find out more about HODL Community: Crypto Social Community and by following our community account @hodlcommunity

Helps us by delegating to @hodlcommunity

If you would like to delegate some HP to our community and support us; we give you back 90% of the curation rewards on a daily basis ! APR > 12% !

500 HP - 1000 HP - 2500 HP - 5000 HP