Bitcoin Forum

Dear Forum Members,

Every week I read different news portals to know and enrich the knowledge of Digital Asset Market which helps me to understand the blockchain and crypto sentiment and having a better investment and trade decision.

Here is the Top 7 News of last week.

Date: 2-9 March 2020

1. In the past week, four countries have embraced Bitcoin (BTC) and other cryptocurrencies as legal tender and/or financial instruments.
https://en.ethereumworldnews.com/why-more-governments-will-embrace-bitcoin-btc-and-crypto/

2. The Supreme Court of India on Wednesday overturned a 2018 ruling by the Reserve Bank of India (RBI), which prohibited Indian banks from dealing with cryptocurrency exchanges
https://edition.cnn.com/2020/03/04/tech/cryptocurrency-india-ban-struck-down/index.html

3. Xiaomi, Alibaba, and Tencent are actively embracing a variety of blockchain projects to compete with each other racing to build.
https://decrypt.co/21565/chinese-tech-giants-gear-up-blockchain-projects

4. German financial watchdog is stopping the operations of a company in Berlin that allows consumers to buy and sell cryptocurrencies at ATMs.
https://cointelegraph.com/news/german-financial-regulator-takes-action-against-first-bitcoin-atms

5. France has officially recognized Bitcoin as a legal financial instrument. The court reasoned that Bitcoin lending is the same as any other “consumer loan.”
https://beincrypto.com/france-says-bitcoin-is-money-as-industry-cheers-bullish-week-for-crypto/

6. Crypto market soon will witness a massive surge and reach as many as five billion users. Coinbase CEO Brian Armstrong recently took his bullish optimism. ttps://www.cryptopolitan.com/coinbase-ceo-on-number-of-crypto-users/

7. Bitcoin turns bearish again. It failed to continue above the $9,200 resistance and is down more than 4% against the US Dollar.
https://www.newsbtc.com/2020/03/08/bitcoin-just-reversed-and-8400-is-imminent/


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Thanks!

With all these good news flowing around in crypto space why did Bitcoin keeps going down? It was at 8500$ hours ago and I was shocked, what is presently happening? Now I fear for the future even if Bitcoin halving is weeks away it still doesn't look like there will be use bullrun

Let's wait and see, what happens! 

Bitcoin becomes legal in some important countries the past week. And this are good news, the price should be bumping for this. But the oil crash brings all markets down, so, we could wait for a bump before the halving, but for the next weeks the markets will be really unstable.

missed the best news of them all - Anguilla is set to be the first nation to use temtum as their national currency backbone - check the telegram where Richard posted the LOI

If they can pull off a national digital currency then yeah I am definitely going to add them to my investments.

I am also thinking about this. Why the price is decreasing! Hope to increase during the halving.

Corona - Oil - Bitcoin

All are related!

Very much positive news for the crypto currency exchanges that are operating in India . Also seeing large Chinese companies competing with each other for block chain supremacy in china is a very encouraging sign for the future of block chain as well. Seems like Bitcoin might soon become recognized as a legal tender .

Well! Well! Well... it's really a great news and that's how BTC is gaining popularity on the dark side of the world, despite a significant decline from the past one week it's popularity still remains the same. It is possible that some traders are trying to manipulate the market by showing interest in BTC, though still risk is involved in crypto currency investors are ready to face the challenges around this, the market for now is highly volatile I hope all these positive news will encourage the market.

I bookmark the crypto news sites if there are updates about cryptocurrency all over the world I don't miss the latest news. but due to the effects of the corona virus outbreak paralyzed the entire business industry of various large companies . all the big news in a week does not make the price of Btc go up, but it decreases significantly because many investors sell because of anxiety and panic because of viruscorona.

why the South Korean Government adoption about bitcoin does not included in your news?or i missed some part?
because i believe it is one of the best and influential news this last few weeks.
And also after there Good news
why does the price continue falling?do we need to not believing in Good news that makes market move?instead the
manipulators really dictates the Value of the whole market specially bitcoin?
anyway it is too early to expect
because investors are afraid of this Corona effect so they are waiting for the perfect timing to re investing .

Read this news and you'll understand that the biggest factor pertaining to Bitcoin being dump is because of the plustoken scam https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts. I don't know why most investors are trying to correlate Bitcoin to oil when they have a different market.


No, the only reason why they are panic selling is because Bitcoin got dump significantly this month because of a certain scam. But still, high volatility isn't really new here.

That is a whole lot of news and very positive, the Indians and some other countries are really happy about it, though the price of bitcoin further dropped  but hopefully before the halving,I believe we would see some positive trend, it should be an upward movement,I think this is an opportunity to get some bitcoin

I think sometimes the price will react to the good news some days or weeks later, nevertheless, it is still very good to see btc advancing forward, some countries are embracing it,
Since the beginning of this year, I think we have hard such great news coming to crypto especially btc, that alone is an achievement in my opinion, even though price hasn't reflect yet, I believe it will happen in due time,
The important thing is for more recognition and acceptance far and wide.

That is all ongoing battle. Governments set laws that are against country court system. Then court overrule those laws and dictate government to change them. Governments then or change and make new one or just ignore court.  One court ruling dont change anything. It will take many many years for this to change. Governments dont want to lose control over printing money.

I have my own sentiment and it's positive so I assume OP does have the same thought as most of us based from these news that came out recently. These declaration of legalities about bitcoin is so far one of the most amazing achievement and news that we ever had.
If those specific countries have managed to be in favor of bitcoin, let's hope that others too.

That news doesn't matter a lot compared with the sentiment that created a big dump in the crypto market. You should also try to browse the last news about plustoken and you will understand what real sentiment that totally affect the crypto market. That news were good news but so far im not even seeing any impact that caused by the publication of those news.
The market was even giving opposite reaction. Plustoken made it even worst.

Lot of good news in the crypto market but still corona affect the prices negatively. :(

Hope for the recovery if traditional investors move to crypto currency to store their asset values and there is high chances for that to happen.

Well most of the news and events seem to be positive regarding bitcoin and crypto market in general but it is strange to see massive crash that we have seen this past week, looks like the bears in the traditional markets are effecting crypto market as well but i hope crypto market will bounce back soon.

Well, looking at the news almost all of them are positive things that should have caused the price to go up and not go down. One of them literally being about the price I do not consider that but the news parts of it, if you look at them they are not bad at all. Look at number one, that is four countries making bitcoin a legal tender which is a good thing and should have increased the price, look at second one and that is India going back to legalizing bitcoin once again which should REALLY increase the price considering they have 1+ billion people in their nation, third one is not directly related but somehow at least blockchain related, it doesn't have to increase the price but definitely nothing to decrease it, France making bitcoin a financial instrument and allowing bitcoin lending.

The only bad one is German one and that can't be the reason at all.