Over the past 24 hours, the cryptocurrency market has gained $19 billion, from $248 billion to $257 billion, as major cryptocurrencies including bitcoin and Ethereum recovered from their recent losses, as bitcoin price rose 4%.

Bitcoin’s Rise

On April 6, the bitcoin price fell from $7,000 to $6,500. Traders were anticipating a potential drop to the yearly bottom at $6,000, as bitcoin price remained at the $6,000 mark for several hours before rebounding to $6,600. If the bitcoin price had not rebounded from that level and sustained the $6,500 mark, the price of bitcoin could have dropped to the $6,000 mark.

However, as time passed, bitcoin started to demonstrate some buy volumes, and it picked up momentum on April 7. Eventually, within a 24-hour span, the bitcoin price increased from $6,500 to $6,950.

The 15-minute candle chart of bitcoin on April 6 evidently showed the end of its corrective rally from $6,600 to $7,500, which could have been key to bitcoin’s short-term recovery towards the $8,000 region. In the upcoming days, bitcoin could eye the $8,000 region if it can rise back again to $7,500 and test the $7,800 level.



Throughout today, bitcoin has shown some signs of recovery, and if this rally takes bitcoin to the $7,000 region, it is likely that bitcoin could eye the $7,500 mark, as it had earlier this week.

Generally, the market has also become optimistic towards the entrance of institutional investors in the cryptocurrency space. In December, investors expected a wave of retail traders to enter the bitcoin sector through the bitcoin futures market. But, volumes on the bitcoin futures market have been virtually non-existent, and the demand from institutional investors from the west has been a disappointment.

This week, George Soros and Soros Fund, a fund founded by the legendary $8 billion investor, announced that it is preparing to trade cryptocurrencies, as Bloomberg reported. Over the past three months, several large hedge funds like Fortress have exited the space. If new capital comes into the market in an extremely volatile period like this, it could help bitcoin to recover from its previous losses.

“Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment,” read Bloomberg’s report.

Ontology

Since April 4, Ontology has been the best performing alternative cryptocurrency against bitcoin. WIthin a three day span, the value of Ontology has nearly doubled against bitcoin on Binance, the world’s biggest cryptocurrency exchange. Several altcoins such as ICON have also performed well against bitcoin, leading to excitement within the cryptocurrency space.

Still, although several altcoins have outperformed bitcoin in the past few days, it is uncertain whether the altcoin season will arrive in the short-term. SInce January, bitcoin’s dominance over the cryptocurrency market has intensified, and it will likely increase as new capital flow into the space.

https://www.ccn.com/bitcoin-price-increases-by-4-eyes-move-to-7000-as-market-gains-19-billion/

Уже подсчитали доли и количество монет за баунти, обещают выплатить до 15 Апреля.

25 Марта компания открыла свое представительство в Токио. На торжественное мероприятие в отель Shinjuku Hilton были приглашени более 60 инвесторов и партнеров. Ведущими вечера были Dmitry Shamov — CEO MARK.SPACE Japan и Kentaro Harada —  Представитель MARK.SPACE в Японии.



https://medium.com/@markspace/mark-space-official-reception-held-in-tokyo-japan-e0042ac2783c

Like all of you guys, i was very disappointed about recent Pillar fast price decline. But after viewing latest Pillar Demo, where David showed Tesla stocks chart, it seems i understood something new about market psychology. Pillar team members are working, they are opened as much as it possible, they speak in a language of product development: with use of BDD, and other terminology. I was learning as QA Engeneer, and i can tell you, people, this guys know something about product development, much more than i saw in other AMA videos, where managers just smiling to us, and talking abstractly.

Yes, Pillar investors lost US market because of paperwork, for a while, but look at this demo, at this cards concept, this is amazing, Pillar will be huge.

Their app is still in it`s early version, but you can use it to promote Datawallet by connecting your Facebook account. Exchange features are disabled right now, but in the future customer will be able to use DXT tokens to buy data inside this App. 

Canada's Bank of Montreal (BMO) will no longer allow customers to buy cryptocurrency using Interac debit cards.

A spokesperson for the bank confirmed the move in an email to CoinDesk Tuesday without offering further details on the decision. The Interac ban follows reports that the bank barred crypto purchases through Mastercard debit and credit cards weeks ago.

In the email, the spokesperson said:


Rumors of the move surfaced last week on Reddit, when a user claiming to work for the bank shared what he or she described as a "company-wide" email, dated March 28. The user photographed a computer monitor displaying the email and included the pic in the Reddit post.

"This decision was made due to the volatile nature of cryptocurrencies, and so to better protect the security of our clients and the bank," the message read.

Transactions would be blocked outright for MasterCard products, while a temporary charge will be placed for customers using an Interac card to purchase cryptocurrency. However, Interac transactions will ultimately be blocked as well, according to the document.

The news came the same week as Danske Bank, the largest bank in Denmark, published a document stating it was "negative" overall towards cryptocurrencies for three main reasons: a lack of customer protection, high volatility and lack of regulatory oversight.

While Danske Bank will continue to allow its customers to purchase cryptocurrencies with credit cards, it said it will halt the purchasing of cryptocurrency-related derivative products or exchange traded notes.

Earlier this year, U.S. banks JPMorgan Chase and Bank of America banned crypto purchases with their credit cards.

https://www.coindesk.com/bank-of-montreal-expands-crypto-purchase-ban/

Bitcoin and cryptocurrency is seriously big business in South Korea, and none more so than amongst the millennial generation. But the recent free-fall in prices across the board has caught many unawares and unable to cope.

How Big?

Currently, even after February’s crash, the Korean won is still the third biggest currency for bitcoin trades. It trails some way behind the Japanese Yen and US Dollar but accounts for around half of trades outside these key currencies.

The country accounts for 17% of all ethereum trading, which is the second largest market. And around 30% of salaried workers have invested in cryptocurrency, 80% of whom are between 20 and 39.

Why so Popular?

Partly due to the structure of South Korean society. Although the economy seems to be in rude health, the benefits of this do not filter down to the younger generation.

Youth unemployment and underemployment (involuntarily working a job you are overqualified for) rates combined add up to almost 50%. Even those who do have good jobs have little hope of affording accommodation. In Seoul, the average deposit for rental housing is the equivalent of around US$400,000.

For many, after hearing the success stories of their peers, cryptocurrency investment seemed like a way out.

It's all in the Timing

Mass adoption really took off in the Autumn of 2017. That’s not so different from the rest of the world, but the frenzy in South Korea led to a premium of up to 50% on the price of some coins. On the Korean markets, bitcoin fell from a high of US$25,000 to its current rate of around $7250.

Ironically, the threat (and subsequent implementation) of regulation, from a government keen to reign in the enthusiasm and safeguard the mental well-being of Korean youth, helped to bring about the fall.

Emotional Havoc

Korean millennials were ill-equipped to deal with the emotional rollercoaster that is ‘business as usual’ for as long as I’ve known Bitcoin. Many had invested their life-savings in a desperate attempt to improve their situation.

This prompted a number of young traders to break things and post pictures to express their fury. Tragically some took things further, and several suicides have also been linked to the crash. Somebody should have been there to advise these young people, as clearly they didn’t fully appreciate the risks. Now, they must deal with the fallout from such a situation.

http://bitcoinist.com/dont-be-greedy-cryptocurrency-scammers-hackers-have-raked-in-670-million-so-far-this-year/

I have the signature, avatar and personal text on.

What, they gave mr. Ayre a citizenship of Antigua and Barbuda? Interesting, what was the reason for this decision, maybe participation in local gambling industry requires citizenship, something that looks like exclusive Indian rights for opening Casino`s in USA.

 As one of a ledger hardware wallet owners, i am applauding to this great market achievements in Nevada, but researches shows that interest for crypto savings have fallen significantly from the beginning of 2018. A lot of these hardware wallets may lay unused, in a waiting for another wave of hype.

Are you planning to implement Ledger Nano S or Trezor support for your platform? Or you consider metamask as quite reliable and the only solution for all operations, that are would have possible in the future on the platform?

Wall Street analyst makes an evidence-based case for holding (or 'HODLing') bitcoin for long term

- If an investor didn't hold stocks through the 10 best days for the S&P 500 each year, the annualized return would drop to 5.4 percent from 9.2 percent, Thomas Lee, head of research at Fundstrat Global Advisors, said in a Wednesday report.

- Similarly, "the reason 'buy and hold' (or HODL) makes sense for BTC is that a handful of days each year account for the bulk of gains for BTC," Lee said.

- However, it's not clear whether historical analysis on the decades-old stock market is appropriate for the far more volatile cryptocurrency that's less than 10 years old.

Looking through the lens of stock investing, a Wall Street analyst says bitcoin is an attractive buy while it remains under pressure here.



"The mood in crypto is terrible right now," Thomas Lee, head of research at Fundstrat Global Advisor told CNBC. "Long-time holders are worried because they have big gains and they're worried about falling prices. But bitcoin is a great store value. It works really well. It's kind of boring, because it's not the latest and most exciting project. But it also is one of the most liquid ways to get exposure to crypto," he said on "Fast Money" Wednesday.

If an investor didn't hold stocks through the 10 best days for the S&P 500 each year, the annualized return would drop to 5.4 percent from 9.2 percent, Lee wrote in a Wednesday report.

Similarly, "the reason 'buy and hold' (or HODL) makes sense for BTC is that a handful of days each year account for the bulk of gains for BTC," Lee said. "For instance, in 2017, a total of 12 days represent the full-year return of BTC."



"HODL" emerged from a misspelling of "hold" in an early bitcoin forum message that many speculated was written by a bitcoin trader who was thought to be drunk.

Investors in the traditional equity market are generally advised to buy and hold stocks, rather than trying to time trades at the cost of missing out on price gains.

However, it's not clear whether historical analysis on the decades-old stock market is appropriate for the far more volatile cryptocurrency that's less than 10 years old.

Lee found that in the five years since 2013, the full-year gains of bitcoin were achieved in an average of nine days. In comparison, he said the analysis for the S&P 500's performance stretches back to 1954.

Bitcoin has struggled to recover above $8,000 in the last three days and is down more than 40 percent for the year so far, after multiplying more than 13 times in price in 2017, according to CoinDesk's bitcoin price index.

The bitcoin misery index, an index coined by Lee to help investors determine when to buy, sell or hold the popular digital coins, is still low — around 28, Lee said.

"I don't think anyone who owns crypto should feel confident," he said. "But we still think bitcoin's in a bull market."

Investors who didn't hold onto bitcoin in the past would have suffered. Excluding its top 10 days of performance every year, bitcoin has fallen 25 percent annually from 2013 to 2017, Lee said.

"We think investors should be patient buyers of BTC here," he said.

In addition, Lee said, bitcoin's current low selling price, gives investors who aren't familiar with cryptocurrency a chance to study the industry, rather than jumping in feet first. He recommends, between now and the end of the year, putting fresh money into bitcoin rather than the market.

"As bad as it feels right now," Lee said. "Bitcoin has a lot more upside."

Lee was chief equity strategist at J.P. Morgan Chase before co-founding Fundstrat in 2014. He issued his first formal report on bitcoin in July and remains the only major Wall Street strategist to do so. On Wednesday, Lee maintained his midyear bitcoin price target of $20,000 and $25,000 for the year-end.

https://www.cnbc.com/2018/03/28/wall-street-analyst-makes-an-evidence-based-case-for-holding-or-hodling-bitcoin-for-long-term.html

Two cryptocurrency exchanges in Japan are reportedly set to cease operating amid growing scrutiny from regulators in the wake of a $500 million theft.

According to Nikkei, two exchanges - Mr. Exchange and Tokyo GateWay - are withdrawing previously filed applications with Japan's Financial Services Agency (FSA) in which they sought approval to launch services to domestic customers.

No official statements have been published by either exchange as of press time, though Mr. Exchange posted on March 8 that it had received an order requiring it to beef up its internal protocols in the wake of the attack on Coincheck in late January. The incident resulted in approximately $533 million worth of the cryptocurrency NEM token being stolen.

Per Nikkei's report, the closures won't occur until user funds have been withdrawn or otherwise returned.

Still, the development is notable, as earlier this month, Japanese regulators suspended two cryptocurrency exchanges, FSHO and Bit Station, citing security flaws. According to Nikkei, Bit Station has withdrawn its application with the agency, as have two others: Raimu and bitExpress.

"More are expected to follow, as the FSA has given several exchanges a chance voluntarily close before ordering them to do so," the news service added.

Exchanges in Japan are required to register with the FSA, as mandated by a law that went into effect last March. While a number of exchanges have received licenses to date, the agency has nonetheless stepped up its oversight of the industry in the wake of the Coincheck hack.

https://www.coindesk.com/report-2-japanese-crypto-exchanges-shut/

Definetely Crypterium is not a scam. The fact you already have a license convinced me in the long term investment potential of the project. But the team answered in twitter that it is a normal practice when price of the token is lower than during ICO. What was the point then to participate in the ICO, when buyers have the opportunity to buy tokens cheaper, from the investor point of view it is more profitable. That`s why i think short term price factor is also very important, as a tribute for investors, or you think in another way?

Official Crypterium Twitter:

"During the first 3 months after the end of the token sale, all ICO tokens become cheaper. This is normal. Rare exceptions just break the rule. On average, after 6 months the price returns to the price on ICO. And then growths."

После выхода на торги HitBTC, когда инвесторы не увидели ожидаемой цены выше 1$, в твиттере пошли жалобы на проект и биржу в частности, знаете что ответа команда Crypterium?

"После 3 месяцев по окончанию ICO, токены начинают дешеветь. Это нормально. Лишь редкие исключения нарушают это правило. В среднем цена начинает восстанавливается  после 6 месяцев. А затем растет"

Ответ вообще не утешительный, зачем тогда учавствовать в данной кампании, если предполагается продолжительный дамп.

Я считаю, нужно просто выходить из баунти, если не хотят увеличивать пулл. Потому как раньше нужно было 50 постов сделать в подписной на всей протяженности кампании, а сейчас, если кампания 2-3 месяца будет длиться, 100-150 постов (по 15 в неделю). Плохо что сейчас еще период такой неподходящий для ICO, деньги временно выводят из крипты, зачем инвесторам покупать токены новых ICO, если можно относительно старые купить со скидкой 70%?

Hi manager, i was ill and forgot to make just 1 post for last week (WEEK 7: March 20 - March 26) in sign. campaign. Is it possible to revision stakes for prev. week? I made all 15 of 15 posts now. In spreadsheet my #95 ivanpoldark. Thank you.

Очень тяжелая процедура прохождения ихнего KYC. Невероятно долгая и непонятно зачем требуется ряд сопутствующих документов. Складывается нехорошее впечатление (наверное обманчивое), что хотят отсеять часть баунтистов. Вот не верю, что с инвесторами так дотошно достматривали все доки.

Многие фанаты Pillar подмечают как растет конкуренция в среде криптовалютных кошельков, и задержки в поставке готового продукта в 1 квартале 2018 заметно сказываются на цене монеты. Однако, в эту пятницу 30 Марта в 17.00 по британскому времени будет финальная демонстрация кошелька Pillar, затем планирутеся заняться альфа и бета тестированием.

https://www.youtube.com/watch?v=q4sYIpESvts

I`m afraid about this competition too. There was finest hour for Pillar wallet 2 months ago, the price was on it`s peak and expectations for Q1 2018 also were very high.Now, almost every 2nd ICO project has it`s own integrated wallet and ecosystem, hope Pillar` solution will be better and more convenient for customers.

Don`t forget, this Friday, Mar 30th, 5 PM UK time will be a Pillar Demo Day

https://www.youtube.com/watch?v=q4sYIpESvts

A draft law aiming to protect the rights of owners of cryptocurrencies, while regulating their use for payments, has been introduced in Russia’s parliament. The bill defines terms like “digital money” and “digital rights”. It also allows authorities to subject cryptos to taxation, inheritance rights, and bankruptcy claims.

“Digital Money” to Be Legal Means of Payment

The law amends Russia’s Civil Code to create a basis for “legal relations in the digital economy”. The draft is co-sponsored by the Speaker of State Duma, Vyacheslav Volodin, and the head of the parliamentary Legislation Committee, Pavel Krasheninnikov. Their initiative effectively legalizes financial transactions in the digital environment.

Bill №424632-7 has been filed about a week after the introduction of bill №419059-7, prepared by the Finance Ministry. In its latest version, the law “On Digital Financial Assets” regulates initial coin offerings and crypto mining, but bans cryptocurrencies according to its critics. The fate of cryptos, like bitcoin, will be decided by the Central Bank of Russia (CBR), which has repeatedly opposed their circulation and exchange in the country.

In the new law, cryptocurrencies are referred to as “digital money”, Rossiyskay Gazeta reports. According its authors, it’s necessary to legally define cryptos and other “digital” terms to ensure that the legal rights of participants in virtual transactions are protected. The draft reads that their acceptance for payments, deposits, transfers and as units of account will not be obligatory in the Russian Federation. However, it also provides for the use of cryptocurrencies as means of payment when that’s technically possible and risks are excluded.

“In perspective, digital money will be used as a payment instrument, but only in cases and on terms established by the law,” said Pavel Krasheninnikov. Quantities will be controlled and users’ information will be collected. Lawmakers claim this will allow authorities to track cryptocurrencies in cases of bankruptcy and also apply inheritance rights.

Read more: https://news.bitcoin.com/new-bill-aims-to-allow-crypto-payments-in-russia/