🗞 Daily Crypto News, March, 19th 💰

Huobi and Binance Support Community-Led Steem Hard Fork;
Bitcoin Price Stable as COVID-19 Pandemic Drops Stocks to 2017 Levels;
Crypto Progressives Become Conservative With Their Own Chains ;
Bitcoin Rallies as Fiat Currencies Drop Against the U.S. Dollar ;
Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney;
🗞 Daily Crypto Calendar, March, 19th 💰
STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Huobi and Binance Support Community-Led Steem Hard Fork

Major cryptocurrency exchanges Binance and Huobi have announced support for the Steem (STEEM) community’s hard fork to create the new Hive network.

On March 18, Binance and Huobi published announcements revealing their support for the Steem hard fork that is scheduled for March 20.

The decisions appear to quash allegations from earlier in the month that the exchanges were coordinating with Justin Sun in his apparent attempted takeover of the Steem network.

Binance and Huobi support Hive hard fork

Both exchanges will take snapshots of STEEM account balances at 2 PM UTC, and both exchanges will suspend STEEM deposits and withdrawals 30 minutes prior to the snapshot.

HIVE tokens will be distributed through a 1:1 airdrop, however, the roughly 74 million tokens held by Steemit Inc through a controversial “ninja-mine” will not be airdropped onto the new chain.

🗞 Bitcoin Price Stable as COVID-19 Pandemic Drops Stocks to 2017 Levels

Yesterday was another abysmal day for the S&P 500 and Dow as both markets dropped 5.18% and 6.30%, nearly erasing the entirety of the gains each market accrued since Donald Trump took office on January, 19, 2017.

To date, the unrelenting downturn in equities markets continues even as the Trump Administration attempts to calm the public by holding daily press conferences at the White House which are headed by the Coronavirus Task Force.

Earlier in the day U.S. lawmakers approved the Coronavirus relief bill which when signed by the president will provide furloughed American workers with up to two weeks of paid sick and family leave, along with free COVID-19 testing for those showing symptoms related to the virus.

After falling 50.8% last week, Bitcoin (BTC) price appears to have found solid ground and the cryptocurrency has held the $5k mark quite well this week. This is a rather interesting turn of events considering that last week analysts were lamenting how the digital asset fell in tandem with markets, a complete inversion of the argument that Bitcoin is inversely correlated to major markets.

🗞 Crypto Progressives Become Conservative With Their Own Chains

CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup.

Most burgeoning crypto enthusiasts go through a phase in life where they think to themselves: “Bitcoin is neat, but it would be so much better if it could just do x and y?” At this point, they either decide to hop aboard a new blockchain project (typically seeking to own a larger fraction of the supply than the share of bitcoin they own), or they reject the notion and stick with bitcoin.

I’ll call this former group (it could be better) "crypto progressives." Like political progressives, they are interested in making changes to society, unsatisfied with the status quo.

🗞 Bitcoin Rallies as Fiat Currencies Drop Against the U.S. Dollar

After a major market crash last week, bitcoin (BTC), the most popular cryptocurrency, at least today is somewhat showing its power as a hedge against risks inherent in fiat currencies and the broader financial system.

Trading up 12% over the past 24 hours as of press time (USD 5,772 at 12:41 PM UTC), bitcoin is one of a few bright spots as the carnage continues in both the stock market and the foreign exchange market. Other major coins are also in the green today.

Over the past few days, we have witnessed what can be described as a meltdown in several fiat currencies, as measured against the U.S. dollar. Among these is the euro, the Australian dollar, the Canadian dollar, and many smaller currencies such as the Norwegian krone, which have all seen historic sell-offs against the U.S. dollar.

🗞 Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney

Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia.

As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers using the blockchain network along remittance corridors in the Middle East and Gulf Regions, South Korea, Indonesia, Singapore and Israel.

On March 18, Ripple and DeeMoney announced the second phase of their partnership to widen these services to support outbound remittances from Thailand to destination countries.

A major remittances market

The value of remittances in Thailand is forecast to break the $1 billion mark in 2020, continuing a consistent uptrend from $623 million in 2018 and $850 million in 2019.

🗞 Daily Crypto News, March, 19th💰

EDC Blockchain (EDC)

"Please withdraw your EDC coins from exchange wallets to your EDC Blockchain wallets withing the period March 12- March 19, 2020!"

Horizen (ZEN)

Team updates at 4:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Waves (WAVES)

YouTube developer tutorial on "Transaction Types on Waves Blockchain."

MCO (MCO)

"Join us on our first Online Meetup on Thur, 19 Mar 10am GMT while staying at home!"

Noah Coin (NOAH)

"Date & Time: March 19 at 20:00 JST"

STEEM Trading Update by my friend @cryptopassion

Unfortunately nothing today :(

Last Updates

🗞 Daily Crypto News, March, 19th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Huobi and Binance Support Community-Led Steem Hard Fork

🗞 Bitcoin Price Stable as COVID-19 Pandemic Drops Stocks to 2017 Levels

🗞 Crypto Progressives Become Conservative With Their Own Chains

🗞 Bitcoin Rallies as Fiat Currencies Drop Against the U.S. Dollar

🗞 Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney

🗞 Daily Crypto News, March, 19th💰

STEEM Trading Update by my friend @cryptopassion

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