Quote of the day
“Lots of cryptocurrencies have seen explosive growth which can bring significant negative impact on consumers and retail investors, we don’t like (cryptocurrency) products that make huge opportunity for speculation that gives people the illusion of getting rich overnight.”
Bank of China (PBoC) governor Zhou Xiaochuan
Graph of the day
Blockchain technology and developement
Bill To Allow To Pay Taxes In Bitcoin Passes Arizona House Committee
“The Ways and Means Committee of the Arizona House of Representatives passed SB1091, a tax bill that would allow state residents to pay their tax bills with cryptocurrencies, legislative records show March 7” Read more.
Sierra Leone Uses Blockchain To Track Election Results, Swiss Company Provides Expertise
“In an apparent first, the African nation of Sierra Leone has employed Blockchain technology in tallying its presidential elections, according to Agora CEO Leonardo Gammar March 7.” Read more.
Progress On Once-Hot Ethereum Privacy Projects Is Cooling Off
“Ethereum’s moon math is showing signs of coming back to earth.” Read more.
Laws and regulations
Ripple CEO: Cryptocurrency Market Has ‘Outsized’ Reaction to SEC Announcement
“Brad Garlinghouse, the CEO at Ripple, a blockchain company that oversees the $32 billion Ripple network, stated that the market has demonstrated an outsized reaction to the announcement of the US Securities and Exchange Commission (SEC).” Read more.
US Congress to Discuss ICOs in Hearing Next Week
“A subcommittee of the U.S. House of Representatives Financial Services Committee is set to hold a hearing next week on cryptocurrencies and initial coin offerings (ICOs).” Read more.
Getting Robbed May Save These Crypto Traders $262 Million
“For victims of the $500 million heist at Japanese cryptocurrency exchange Coincheck Inc., getting robbed may have been a blessing in disguise.” Read more.
Binance CEO: All Irregular Trades Reversed, Hackers Lost Coins
“Binance CEO Changpeng Zhao has claimed all fraudulent trades that occurred on Wednesday have been reversed.” Read more.
Bitcoin’s Latest Rub: Overhang Ghost From Mt. Gox Bankruptcy
“Bitcoin investors seething over a clampdown on Japanese cryptocurrency exchanges and renewed regulatory scrutiny of trading venues in the U.S. now have bigger fish to fry as they assign blame for the recent price decline.” Read more.
PayPal CEO Says Cryptocurrencies Are Just an Experiment for Now
Bitcoin More Likely to Hit $100 Than $100,000 in a Decade: Ex-IMF Economist
“Harvard professor and renowned economist Kenneth Rogoff, who’s in the past argued for a reduction in the amount of physical cash, has recently stated that bitcoin is likelier to hit $100 than $100,000 a decade from now.” Read more.
Bitcoin Briefly Drops to $9,000: Factors Behind the Decline
“On March 8, the price of bitcoin dropped to $9,000, after reaching $11,000 merely 48 hours ago. Analysts have attributed three major factors to the decline in the price of bitcoin: Mt. Gox sell off, SEC announcement, penalization of Japanese exchanges.” Read more.
Cryptocurrency Bubble Burst Unlikely, Says Ex-CFTC Chair, Now Crypto Industry Adviser
“A burst of the cryptocurrency bubble is unlikely because the industry is too immature and the big money isn’t there…” Read more.
10 keys for evaluating Initial Coin Offering (ICO) investments
“Bitcoin’s mid-December boom has sparked a renewed interest in cryptocurrency investment across the world – and some extremely strange goings-on as entrepreneurs speculate on the best way to capitalise on the digicoin gold rush.” Read more.
List of ICOs that start on weekend (9-10 mar)
• JWC (see more)
• Thrive (see more)
• ContractNet (see more)
• MovieChain (see more)
• BlockBits (see more)
• McCain Corp (see more)
• On.Live (see more)
• ClickableTV (see more)
• BOUTSPRO (see more)
Check more promising Upcoming ICOs here.