Why Did Crypto Flash Crash 10%? Analyst Gives 3 Potential Catalysts

The crypto market hasn’t fared too well over the past day or two. After peaking at $9,200 in a dramatic fashion, Bitcoin retraced under $8,200 on Sunday, catching many traders off guard, as they were expecting the leading cryptocurrency to continue higher. Though, a prominent analyst, Jacob Canfield, recently shed light on three crucial catalysts which likely attributed to the rapid sell-off in the price of cryptocurrencies across the board. If you’re looking for bearish narratives, there are currently 3 that could be impacting #bitcoin1.) Coronavirus (all markets selling off)2.)…

DLT Can Improve the Global Financial System

On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020. The panelists acknowledged that distributed ledger technologies (DLT) could improve the existing global monetary system, however, argued that significant challenges persist regarding the privacy, interoperability, and scalability of blockchains. IMF official: central banks must not rush to adopt DLT Sonja Davidovic, an economist with the International Monetary Fund (IMF), warned central banks not to rush to implement blockchain systems without properly vetting…

India Ban Overturned, BTC Owners Warned They’ll Lose Everything, Hodler’s Digest, Mar. 2–8

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week India’s Supreme Court overturns controversial ban on banks servicing crypto firms There’s a lot to chew concerning movements in the crypto markets, but the first story is of a different kind. A controversial ban that prohibited banks from dealing with crypto-related companies in India has…

CryptoKitties’ Dieter Shirley on Breaking Ethereum and NFTs

On March 5, Dapper Labs, the team behind the popular blockchain game CryptoKitties, launched ‘Flow Playground’ — an interactive platform allowing developers to experiment with creating non-fungible tokens (NFTs) and smart contracts on the company’s forthcoming Flow blockchain. Cointelegraph spoke to Dapper Labs co-founder and CryptoKitties co-creator Dieter Shirley on the launch of Flow Playground, the lessons he learned from breaking Ethereum with CryptoKitties, and his advice for aspiring developers in the crypto space. Cointelegraph: Could you please provide an overview of what the Flow blockchain is and what problems…

Countries That First Outlawed Crypto but Then Embraced It

As time progresses, the revolution of peer-to-peer digital currencies picks up speed. Now, countries like India and Iran, which previously had a harsh legal stance on cryptocurrencies, are warming up to the idea of adopting them. In India, for instance, the Supreme Court has struck down a blanket ban that was placed on banks dealing with crypto-related businesses back in April 2018.  In Iran — while the country’s central bank had issued a blanket ban on cryptocurrencies in a misguided move to prevent capital flight due to fears of sanctions…

Diversity and Inclusion Major Themes at Hyperledger Global Forum 2020

Hyperledger Global Forum 2020 took place March 3-6 in Phoenix, Arizona, bringing together hundreds of attendees from the Hyperledger community. While enterprise blockchains, open-source projects, and other subject matters were discussed, diversity and inclusion served as the underlying theme of the conference. Fortune 500 consulting firm, Accenture, sponsored a diversity happy hour on the opening night of Hyperledger Forum. This event served to raise awareness for inclusion in the blockchain space. Accenture’s global marketing director for blockchain and multi-party systems, Allisa Worley, told Cointelegraph that a desire for diversity and…

Crex24 Exchange Accused of Hiding Hack From Customers

Users are accusing Estonian cryptocurrency exchange, Crex24, of hiding the scale of a hack from its users after suspending trade for several altcoin pairings.  Crex24’s members claim that the exchange has not given an explanation for its suspension of more than sixty altcoins. The exchange has also frozen withdrawal and deposit services for many of the platform’s coins. Despite the apparent disruption to services and calls for answers on Twitter, the exchange’s social media posts suggest that it has been more interested in trying to drum up support for new…

Proving That Tether Manipulated Bitcoin 2017 Bull Run Won’t Be Easy

The iFinex–Tether market manipulation lawsuit continues. Last week, Judge Katherine Failla of the Southern District of New York selected Roche Cyrulnik Freedman as interim lead plaintiff counsel, and four civil actions were consolidated into a single class action: Leibowitz v. iFinex Inc.  In the complaints, iFinex’s subsidiary, Bitfinex, and related stablecoin Tether (USDT) are charged with manipulating the Bitcoin market in 2017 — something the firm strenuously denied. Combination of old and new This isn’t shaping up as an ordinary civil action. As Failla observed in announcing her lead counsel…

Bitcoin Slides Another 10% But Don’t Break Out the $4K Charts Just Yet

Bitcoin (BTC) bears are at it again, driving the price down nearly another 10% on March 8 during the weekend when volume is at its thinnest.  So is the pre-halving rally over already? Or is it just about to get started? Daily crypto market performance. Source: Coin360.com The 4-hour outlook  BTC USD 4-hour chart. Source: TradingView Bitcoin broke out of a worrying descending channel on March 5. However in the last hour, after retesting the support line of this channel several times, it has now broken back into it just…