Cryptocurrencies Market Overview - March 19, 2018

Today in the news:

• The Financial Stability Board (FSB) resisted calls from some G20 members to regulate cryptocurrencies.
• China named Yi Gang to run its central bank. He called Bitcoin 'inspiring'.
• Wall Street strategist Tom Lee updates his bitcoin prediction from $51,000 in 2022 to $91,000 in 2020.
• Coinbase reveals a partnership with Barclays Bank.
• Twitter will ban cryptocurrency ads in 2 weeks.
• And more crypto news below...

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Latest Crypto News - March 19, 2018

Bitcoin Price Jumps $1K After Carney Tells G20 Crypto Does Not ‘Pose Risk’

Bank of England governor and head of the Financial Stability Board (FSB) Mark Carney told G20 members that cryptoassets “do not pose risks” to the world’s economy in a letter dated March 13, Reuters reported Sunday, March 18.
_{Read more: cointelegraph.com}

More sources:

• BTC, ETH Recover From Monthly Lows On Comments To G20 Members

G20 Watchdog Says Cryptos Not a Risk, Resists Calls for New Rules

The Financial Stability Board, G20’s global watchdog, does not consider cryptocurrencies a risk to financial stability. In a letter to the Group of 20 central bankers and finance ministers, its Chair Mark Carney said FSB was pivoting away from designing new policies and focusing on reviewing existing rules. His comments suggest there is no G20 consensus on common crypto regulations, despite calls from member-states for adopting global guidelines.
_{Read more: news.bitcoin.com}

Other sources:

• G20 watchdog focuses on rules review, holds fire on cryptocurrencies (Reuters)
• Carney On Eve of G20: Cryptos Don't Pose Risks to Financial Stability (Coindesk)

Wall Street Analyst Predicts Bitcoin Will Hit $91,000 By March 2020

Wall street strategist Tom Lee has updated his bitcoin price prediction and believes the crypto-asset will hit $91,000 by March 2020.
_{Read more: www.cryptoglobe.com}

Other sources:

• Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips

Newly-Nominated PBOC Governor Yi Gang: Bitcoin Is Enlightening, And Will Focus on Bitcoin with Interest

Yi Gang takes over the helm from Zhou Xiaochuan to run China’s central bank (People’s Bank of China), nominated this morning during the political season of Two Sessions. Upon the nomination, bitcoiners and blockchain entrepreneurs are getting a clue that this newly-nominated PBOC head may be a bitcoin favorer according to his early public statements.
_{Read more: 8btc.com}

Other sources:

• Will China Uturn? New PBOC Governor Called Bitcoin “Inspiring”

The Current Crypto-Bear Run Will be Nothing Like 2014

Since the beginning of the new year, the past three months has seen most cryptocurrencies lose over 60 percent of their values. Bearish markets have started to spark 2014 memories when BTC/USD markets and many altcoins suffered from a year-long downturn. Surely there have been few similarities to the current 2018 bear run and the one that took place four years ago. However there are some deep ecosystem contrasts within the crypto-space that leads one to believe this bearish sentiment won’t last as long — 2018 is not even comparable to the time BTC was called the “worst currency of the year.”
_{Read more: news.bitcoin.com}

Twitter Will Ban Cryptocurrency Ads in Two Weeks, Says Report

Following in the footsteps of Facebook and Google, Twitter is reportedly planning a ban on advertisements related to cryptocurrencies.
_{Read more: www.coindesk.com}

MasterCard Open To ‘Not Anonymous’, State-Issued Cryptocurrencies, All Others ‘Junk’

MasterCard is receptive to the idea of using central bank-issued national digital currencies in the future, according to the co-president of Mastercard’s Asia-Pacific business, the Financial Times reported today, March 19.
_{Read more: cointelegraph.com}

Other sources:

• Mastercard “Very Happy” to Use Cryptocurrencies, Just Not Real Ones

Mt Gox Trustee: $400 Million Sale Didn't Drop Bitcoin Price

The trustee overseeing the bankruptcy of the defunct Mt. Gox cryptocurrency exchange has denied being the cause of the decline in bitcoin prices since December 2017.
_{Read more: www.coindesk.com}

British IT Hardware Supplier To Build Largest Bitcoin Farm In The UK

Bladetec, a British IT hardware supplier, has recently revealed plans to build a Bitcoin (BTC) farm in the South East of United Kingdom, The Sunday Telegraph reported.
_{Read more: cointelegraph.com}

Coinbase Reveals Partnership With Barclays Bank

Coinbase has revealed that it has obtained a bank account with major U.K-based multinational financial services company, Barclays. The partnership comprises the first agreement reached between a leading U.K bank and a cryptocurrency exchange.
_{Read more: news.bitcoin.com}

EOS: Set for a Slide Based on Auction Statistics?

The EOS network is approaching its launch - however, the market price of the asset has been at a crossroads. After the latest slide in overall market prices, EOS has shrank to around $4.60, prices unseen since November and before the series of pumps.
_{Read more: cryptovest.com}

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