🗞 Daily Crypto News, March, 17th 💰

Bitcoin Volume Gains Traction After 24-Hour Roller-Coaster Ride ;
Retail Investors Are Buying the Bitcoin Institutions Are Selling, Traders Say;
Coinbase’s Chief Legal Officer Resigns to Oversee US National Banking System ;
Brave Browser Delivers on Promise, Files GDPR Complaint Against Google ;
Bakkt Raises USD 300M from Microsoft's M12 and PayU Among Others;
🗞 Daily Crypto Calendar, March, 17th 💰
STEEM Trading Update

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

🗞 Bitcoin Volume Gains Traction After 24-Hour Roller-Coaster Ride

Bitcoin prices have been on a roller-coaster ride since Sunday afternoon after the Federal Reserve slashed rates a full percentage point to the vicinity of 0 percent and promised to pump $700 billion into the U.S. economy. After initially rising on the news and then falling, the cryptocurrency's buying volumes have picked up.

It's been an active 24 hours.

The central bank's drastic measures, taken to offset possible effects of the coronavirus on the U.S. and global economy, included its fourth trip to the quantitative easing (QE) well. However, this action of buying Treasurys and mortgage debt spooked an already nervous stock market, prompting major sell-offs in equity markets all over the world.

🗞 Retail Investors Are Buying the Bitcoin Institutions Are Selling, Traders Say

As institutions unload bitcoin (BTC) along with stocks as part of the coronavirus-driven global sell-off, cryptocurrency’s traditional base – retail investors – is doing most of the buying, market participants said.

And while pricing screens may still be flashing red, business is brisk at many trading platforms.

“We've already done more volume in March than all cumulative volume previously,” said River Financial CEO Alex Leishman, head of a bitcoin-centric brokerage in San Francisco that launched three months ago. “About 20 percent of all of our clients have signed up this month...We're seeing record interest from first-time bitcoin buyers.”

🗞 Coinbase’s Chief Legal Officer Resigns to Oversee US National Banking System

Amid an ongoing global health and financial crisis, Coinbase, one of the most popular cryptocurrency trading platforms in the United States, is losing another key executive.

Brian Brooks, Coinbase’s chief legal officer will resign from the company to join the Office of the Comptroller of the Currency (OCC), an independent banking regulator operating under the U.S. Department of the Treasury, the OCC announced on March 16.

Famous crypto skeptic Treasury Secretary Steven Mnuchin appointed Brooks

According to the official announcement, Brooks has been designated as first deputy comptroller — the agency’s second-highest position — by Treasury Secretary Steven Mnuchin. Brooks will also serve as the OCC’s chief operating officer effective April 1, the announcement reads.

🗞 Brave Browser Delivers on Promise, Files GDPR Complaint Against Google

Earlier today, March 16, Brave filed a formal complaint against Google with the lead General Data Protection Regulation (GDPR) enforcer in Europe.

In a February Cointelegraph interview, Dr. Johnny Ryan, Brave’s chief policy and industry relations officer, explained that Google is abusing its power by sharing user data collected by dozens of its distinct services, creating a “free for all” data warehouse. According to Ryan, this was a clear violation of the GDPR.

Aggravated with the situation and the lack of enforcement against the giant, Ryan promised to take Google to court if things don’t change for the better.

🗞 Bakkt Raises USD 300M from Microsoft's M12 and PayU Among Others

Bakkt, a physically-settled Bitcoin futures trading platform, has completed a multi-million-dollar fundraising round, bringing the total raised capital to USD 482.5 million.

Bakkt has closed a Series B fundraising round, raising USD 300 million, with participation from investors, including some major names, such as Intercontinental Exchange (ICE), Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital, according to a blog post by Mike Blandina, the CEO of this the U.S.-based, ICE-backed platform.

"With the completion of our Series B financing and the recent acquisition of [loyalty services provider] Bridge2 Solutions," writes Blandina, "Bakkt is now a team of 350 employees and powers the loyalty redemption programs for 7 of the top 10 financial institutions and over 4,500 loyalty and incentive programs including two of the largest U.S. airlines."

As reported, ICE agreed to acquire Bridge2 Solutions, and the strategic combination will accelerate the development of the Bakkt consumer application, which will provide digital asset aggregation, conversion, and payments through a single platform for consumers around the world, the company had said.

🗞 Daily Crypto News, March, 17th💰

General Event (CRYPTO), Ocean Protocol (OCEAN), SwiftCash (SWIFT)

Blockchain Expo Global from Mar 17 - 18 at Olympia, London.

Tezos (XTZ)

"Crypto.com is pleased to announce the listing of Tezos (XTZ) on The Syndicate platform."

Waltonchain (WTC)

KirinPool payouts switch to mainnet WTC coins. Waltymall swaps ERC-20 WTC tokens, requiring user change to withdrawal address.

Newscrypto (NWC)

"We decided to completely re-brand the landing page, many updates done, many more to come," by March 17th.

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

The BTC consolidated during hours in a triangle and it looks like the market want start a break out now. So we just had a UP break out but we need to be carefull because it looks like we are having a big rejection from the 6000$ levem. So we must see if it is not a trap and that we will just start a correction more powerfull than this break out.

Last Updates

You don't want to miss a Crypto news?

Follow me on Twitter or Facebook

Come try out a great blockchain game: Splinterlands

Come try out the new STEEM blockchain game: HolyBread

Sort Order:

Trending

[-]

elangelgabriel (50) · 5 years ago

Keep up💎💎💎💎

Posted using Partiko Android

$0.00

1 vote

vlemon (76) · 5 years ago

Thank you mate !

steem-ua (64) · 5 years ago

Hi @vlemon!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.387 which ranks you at #1595 across all Steem accounts.
Your rank has dropped 32 places in the last three days (old rank 1563).

In our last Algorithmic Curation Round, consisting of 75 contributions, your post is ranked at #8.

Evaluation of your UA score:

Some people are already following you, keep going!
The readers appreciate your great work!
Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server