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: 9-16 March 2020
1. Bitcoin Price Briefly Dips to 12-Month Low in Overnight Trading. BTC has made a quick bounce from a dip to below $4,000 seen early on Friday. Bitcoin loses half of its value in two-day plunge. https://www.coindesk.com/bitcoin-recovers-40-from-12-month-low-below-3-9k2. Bitcoin's sudden sell-off was put down to global market turmoil sparked by oil cartel Opec's failure to agree to a supply cut, then apparently gaining on fears the coronavirus could knock global trade. The Real Reason Behind Bitcoin And Crypto’s Massive $50 Billion Crash?https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#5c52925b69b53. Edward Snowden: Good time to buy Bitcoin cheap. Former CIA agent Edward Snowden considers the fall of Bitcoin suspicious and is considering buying BTC.
https://www.crypto-news-flash.com/edward-snowden-considering-buying-bitcoin-after-price-drop/4. Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education. South African traders would soon be able to make Rand deposits on the platform through the Binance website.https://cointelegraph.com/news/binance-to-launch-fiat-support-in-south-africa-donate-1m-to-blockchain-education5. XRP at Risk of Losing Top 3 Cryptocurrency Position. There’s a large gap between the third and fourth largest cryptocurrencies in terms of market capitalization.https://u.today/xrp-price-prediction-010-crucial-support-for-bulls6.Cryptocurrency in general is a young industry, and DeFi is even younger. The advent of Bitcoin DeFi requires would-be users and supporters to face some difficult truths. When Will Bitcoin Join the DeFi Revolution?https://cointelegraph.com/news/when-will-bitcoin-join-the-defi-revolution
7. To prevent future crypto market crashes, the managing partner at Multicoin Capital proposed a bold solution—creating an industry-wide alliance of circuit breakers. Is this the best way to prevent the next massive crypto flash crash?https://cryptoslate.com/is-this-the-best-way-to-prevent-the-next-massive-crypto-flash-crash/Bitcoin loses half of its value in two-day plunge and reaches its 12-month low. Crypto and DeFi markets both decreased by more than 30% value. Edward Snowden said it's a good time to buy Bitcoin cheap. What do you think?
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