Ken Chigbo
Independent Analyst
Here's what you need to know on Thursday
Markets
BTC/USD is currently trading at $5950 (+14.65%), price action continues to move within a consolidation nature.
ETH/USD is currently trading at $130 (+14.45%), the threat of $100 being challenged to the downside remains.
XRP/USD is currently trading at $0.15 (+11.90%), limited price action for now, as it continues to narrow within a pennant via the daily.
Among the 100 most important cryptocurrencies, the best of the day are XCHF $4.71 (+355.00%), NMR $13.33 (+168.65%) KMD $0.497966 (+65.15%) The day's losers are WAXP $0.0.036424 (-7.42%), EURS $1.02 (-4.30%), PAX $0.962157 (-2.25%).
Chart of the day: BTC /USD daily chart
Market
MakerDAO’s first debt auction of its MKR tokens are successfully underway. The first lot became available at 10:38 EST on March 19, and just over one hour into the auction, a further nine of the 100 expected total lots had been released.
Brendan Blumer, the CEO and co-founder of Block.one — the company behind EOS (EOS), took to Twitter to express his concerns regarding the suggested ‘EOS Worker Proposal System’ (WPS). Currently in testnet, the WPS allows EOS token holders to suggest or vote on funding proposals. After a 30-day voting period, funds will be distributed to winning proposals through smart contracts. The WPS developers are currently seeking support from Eos’ 21 block producers.
DeeMoney, a Thailand-based financial technology solutions provider that facilitates cross-border payments and remittances for users, has joined RippleNet, the blockchain-based payments network from the stables of Ripple. DeeMoney will now be able to process more efficient money transfers with meager fees, according to a blog post.
Regulation
As a result of the COVID-19 outbreak, Americans will be given an extra 90 days to pay their taxes without interest and penalties. This move will likely impact crypto investors, many of whom will owe as a result of trade activity in 2019.
Industry
Peer-to-peer Bitcoin (BTC) trading is drastically rising in Venezuela after shutting banks amid a nationwide quarantine to fight the spread of coronavirus, according to recent reports.
Following last week's cryptocurrency market crash, the Huobi exchange has launched a liquidation mechanism that would pull the plug on trading should prices become too volatile. The new mechanism, integrated into its crypto derivatives marketplace, would halt all liquidations – where a trader's position is automatically closed – during periods when volatility starts to present a real risk for traders.
Cryptocurrency exchange, Binance, today rolled out peer-to-peer (P2P) crypto trading for five new fiat currencies from Latin America. It will help users buy crypto coins directly using these new fiat currencies.
BitGo are going to insure their assets beyond custodians $100 million coverage BitGo, the cryptocurrency custodian giant is now offering insurance for assets that it holds in excess of $100 million coverage. According to an announcement released on the 18th of March, the platform is the first crypto assets custodian to allow its customers to buy excess limits above its standard policy. More than $100 million of ins
Quote of the day
the second the markets gain a little bit of confidence, bitcoin will blossom even in unprecedented ways compared to all its previous bubbles.
it is the best weapon we all have to destroy the banker class.
@santisiri
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?