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Crypto News: March 5: Bitcoin will still reach over $ 100,000 in the long term with news of Ripple, BitMEX, Huobi, TRON, Binance, Okex, Tezos, Ledger, MATIC, Decrypt, BitGo

    From the perspective of BTC can still lead to the threshold of over $ 100,000 to Binance to issue KRW Stablecoin. Here are some highlights from the crypto market.

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    Bitcoin news

    Bitcoin is heading towards as little as $ 100,000 in the bull cycle that has begun, one of the most famous analysts in the industry has confirmed.

    On March 3, Willy Woo said that BTC touching $ 135,000 is a normal prediction.

    He explained that this will happen because the supply of Bitcoin has decreased and flows over a four-year cycle when halving takes place.

    "If you make a prediction, it will be above $ 100,000; I think one of the more common predictions will be around $ 135,000. I'm expecting it to be around $ 100,000 to $ 250,000 depending on how long this bull market takes place. "

    (embed) https://www.youtube.com/watch?v=K_LMOP79rho (/ embed)

    CME Bitcoin Future trading volume plummeted

    The recent fear of coronavirus has rocked the traditional market and it seems that this has flooded the Bitcoin market. Since the global market panic began, there has been a significant drop in volume on CME's Bitcoin futures platform.

    This decline in value occurred at a time when most investors, in most regions, feared how the market would react to the coronavirus ongoing threat.

    Whale moves Bitcoin

    Whale Alert announced that whales have moved BTC in many transactions from Okex, Binance, Coinbase, and Bitfinex with a total volume of up to 30,089 BTC (about 274 million USD).

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    Whale moves BTC | Source: Whale Alert

    Ripple news

    Ripple application allows sending money via text message

    Ripple said a new XRP-based payment application will allow 4 billion smartphone users to send money anywhere in the world via text.

    The app, called Remit, was developed at SLOHacks, a recent hackathon at the California Cyber ​​Security Institute at California State University. Ripple said the platform leverages Xpring's software development kit (SDK) and Twilio application programming interface for text messages.

    Whale moving XRP

    Whale Alert announced that 100 million XRP (about 23.5 million USD) has moved between unknown wallets.

    BitMex News

    FCA, the UK's financial regulator, has launched one declare regarding the BitMEX exchange today. FCA said that the company has targeted UK investors while not authorized to do so.

    “Based on the information we hold, we believe that BitMEX needs permission to perform regulatory activities.”

    While it is not clear what BitMEX is related to any fraudulent or suspicious activity, the statement mentions that companies that provide financial services without a license, may in fact be able to. is a scam. The agency also gives advice to UK citizens on how to stay safe from such scams.

    Houbi news

    Four “former witnesses” were voted back on the 20-node board of the blockchain platform Steem. This comeback follows the major exchanges Binance and Huobi withdrawing votes in support of what has been described as the takeover network effort.

    In one declare launched by Huobi on March 3, the exchange acknowledged that it had mobilized its customers to hold STEEM to vote in favor of the removal of previous blockchain validators by the founder Tron, who was close to This is the acquisition of Steemit Inc, Justin Sun.

    News TRON

    Blockchain CEO Tron, Justin Sun, once again used Twitter to share new milestones with the community and promote his cryptocurrency company. Occasionally, Sun posts high numbers about Tron, inviting more developers and users to join the ecosystem.

    On March 4, Justin Sun shared new data from Tronscan, showing that the number of new user accounts on the mainnet has reached nearly 5 million. The ecosystem continues to expand at a steady rate.

    Binance news

    Binance listed NGN

    As part of the ongoing fiat-to-crypto expansion, Binance has publicly added support for Naira Nigeria (NGN) on a peer-to-peer (P2P) platform.

    Binance P2P, a business between consumers and consumers of the Binance exchange, is implementing support for the first African fiat currency on its platform. According to the announcement, Binance P2P users can trade major cryptocurrencies like Bitcoin in NGN with a zero transaction fee from March 4.

    Binance will support staking ARPA Chain

    Binance will additional Support for staking ARPA Chain, starting March 6, 2020 and will distribute ARPA staking rewards as detailed below:

    • Starting from 00:00 AM UTC on 06/03/2020, Binance will begin taking live photos of users' ARPA balances.
    • The ARPA staking distribution will be calculated as follows: ARPA generated by each user = The total ARPA staking reward received by Binance * ARPA holding rate of the user.
    • Users must hold at least 60 ARPA to qualify for the reward.
    • The ARPA staking reward distribution will be calculated as of March 31, 2020 with the total amount allocated equal to the staking reward accumulated during this period.
    • ARPA rewards are calculated daily and distributed monthly. The distribution will be completed before the 20th of every month.

    Binance supports Instant Buy for ETC, BCH, DASH, XTZ and ZEC

    Exchanges notification, Instant Buy is currently being added to support the immediate purchase of ETC, BCH, DASH, XTZ & ZEC.

    These cryptocurrencies can be purchased instantly with Euro, British Pound, Russian Ruble, Turkish Lira and Polish złoty by using a Visa credit or debit card.

    Binance issues KRW Stablecoin

    Binance notification released Binance KRW, a type of BEP-2 stablecoin tied to KRW, in cooperation with South Korea's BxB Group. BKRW will be available to trade at the rate of 1 BKRW = 1 KRW.

    Binance plans to integrate BKRW into the global ecosystem and will issue a separate announcement in the near future regarding BKRW listing details and timing.

    OKEX news

    In an attempt interview, Xu, Strategic Director of OKEx presented a bold plan for 2020 regarding the expansion of exchanges in many areas. She discussed the continued development of OKEx tokens, including advanced capabilities such as smart contracts as well as decentralized transactions. Xu also noted that the exchange will also work more closely to help promote the development of effective cryptocurrency regulation.

    "Russia has become OKEx's key market this year. For quite some time, we have recorded an increasing volume of transactions from this area, even when only conducting small marketing activities. In the short term, we are looking for potential domestic partners that we will be able to successfully develop in the Russian market. "

    News Tezos

    Crypto.com announced the listing of Tezos on The Syndicate platform. All Crypto.com token staking participants will be able to participate in a discounted event for USD 500,000 worth of XTZ with a discount of 50%. The listing event will begin on Tuesday, March 17, 2020.

    News Ledger

    Ledger, one of the leading hardware wallet manufacturers, recently launched version 2.0 that significantly improved the overall user experience.

    The upgraded Ledger Live manager now allows for quick scrolling of all installed applications. This can potentially save a lot of time for Nano X users, since they no longer have to manage dozens of applications on a small screen.

    MATIC News

    MATIC has been trading between 180-250 satoshi since the major recession in December 10, 2019. It finally broke through the resistance on March 3, 2020 and prices have risen. since then.

    MATIC is on the way of increasing support. There are resistances at 310, 355 and 400 satoshi.

    Technical analyst Loma drafted a MATIC chart that shows prices have broken out of the strong resistance zone. The next targets are given at 320, 380 and 560 satoshi.

    Decrypt News

    Read news, earn tokens and spend them on Amazon: that's what Decrypt's startup blockchain is selling to readers as it prepares to launch token rewards.

    The company announced that it has partnered with infrastructure provider for Ethereum-based tokens to launch a new type of token, which users can earn by reading and sharing Decrypt's content. These tokens can then be redeemed for gift cards from services like Amazon, Airbnb, Starbucks and many other services. Tokens are set to launch during the pilot phase in the second quarter of 2020.

    News BitGo

    BitGo, one of the largest and oldest custodians of digital assets, is experiencing a rapidly growing business as it lends bitcoin to major investors and other cryptocurrencies. The Palo Alto-based company announced on Thursday that it currently offers digital asset lending services to institutional investors.

    Founded in 2013 by CEO Mike Belshe, BitGo started testing the new service a few months ago for major investors and has earned about $ 150 million. The new service was initially targeted at existing BitGo depository customers.

    The company currently lends bitcoin, ether, litecoin and stablecoin. The company will also lend government-issued currencies, including dollars, to investors who use cryptocurrencies as collateral.

    Other news

    HTC released a 5G router that can store Bitcoin nodes in full

    Taiwanese tech company HTC has launched a new router that can connect devices to a 5G network while simultaneously supporting the Bitcoin blockchain at the same time.

    In notification On Wednesday, it revealed the Exodus 5G Hub, a device that supposedly provides a secure 5G connection to all internet-enabled devices.

    It will also support full bitcoin nodes, allowing users to record and verify transactions, as well as secure blockchain networks.

    ConsenSys and EY announce new projects

    ConsenSys and EY have announced the establishment of Baseline Protocol, a project aimed at businesses. The project has attracted support from 12 other companies and organizations, including Microsoft, AMD, ChainLink and MakerDAO.

    The new protocol will allow businesses to access decentralized financial services (DeFi) built on the Ethereum blockchain without having to disclose all their personal information.

    Estonia licenses Chile's crypto exchange

    CryptoMarket, Chile's cryptocurrency trading platform, has received it license issued by the Estonian Financial Intelligence Unit (FIU), which allows it to provide services of buying and selling cryptocurrency assets.

    Founded in 2016, CryptoMarket participates in a group of Latin American cryptocurrency companies operating in the region. Bitso (Mexico) and Mercury Cash (Venezuela) also obtained licenses from Gibraltar and Estonia.

    Crypto lender Babel attracted a total loan of $ 380 million

    Chinese crypto loan startup startup Babel Finance said it had reached a record $ 380 million in outstanding loans until February.

    Flex Yang, co-founder of Babel Finance, said on Thursday that the company's loans grew from $ 52 million in the first quarter of 2019 to $ 289 million by the end of last year, reflecting market demand. Crypto lending market has been growing amidst the sharp increase in Bitcoin price since April of last year.

    The company, founded in Hong Kong at the end of 2018 with its headquarters in Beijing, recently ended the Series A funding round with investments from Dragonfly Capital and Parallel Ventures.

    Viet Cuong

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