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Crypto News: March 6: Bitcoin will no longer stay below $ 10,000 for a long time with Ripple, Bitcoin Cash, NEM, LOOM, Canaan, Binance, Huobi, Square Crypto, Arweave news

From Changpeng Zhao's opinion that Bitcoin will soon surpass $ 10,000 to the Houbi Thailand exchange platform was officially launched. Here are some highlights from the crypto market.


Bitcoin news

Binance CEO Changpeng Zhao said that the price of Bitcoin will no longer stay below $ 10,000 for too long due to 'seismic movement' in the cryptocurrency space.

CZ seems to be referring to a series of recent positive news in the cryptocurrency industry that has raised the morale of Bitcoin supporters. For example, India's Supreme Court recently lifted the cryptocurrency ban imposed in 2018 by the country's central bank. A day later, South Korea finally legalized cryptocurrencies. The recently passed law requires local businesses dealing with this asset to register with a financial institution.

Ripple news

On its official website, Ripple posted it posts shows the partnership between MoneyGram, Ripple and digital exchange Bitso based in Mexico.

The head of the finance division at Bitso, B谩rbara Gonz谩lez Brise帽o, said Ripple has helped cross-border payments to Mexico quickly and cheaply. It has also helped a lot of people who do not have access to banks can use financial services.

Bitcoin Cash news

Bitcoin Cash is on the right track to prevent chain fragmentation after the proposal forced the miners to contribute a portion of their income to BCH development losing important support.

After Bitcoin ABC declared it difficult to encode the mining tax proposal on the next upgrade, Jiang Zhuoer, the CEO of BTC.TOP and the tax proponent, said he would vote against the proposal. using his personal hash power of 3,500 PH / s, which accounts for about 2.9% of the current network hashrate.

The proposal is set to go live if 66% hash power votes for it. Roger Ver and other high-end mining pools are considered supporters of this proposal.

NEM news

The NEM Foundation made an announcement on March 5 that it will proceed to consolidate the Japanese staff to launch SYMBOL. NEM Foundation also appointed three people in charge in Japan to support market development.

Alexandra Tinsman, President of NEM Foundation believes that Japan is a market that the company will orient in the future.

The new product of NEM platform, SYMBOL, is a blockchain platform that can be easily operated by anyone. With the help of Symbol, users can safely and quickly incorporate blockchain functionality into new or existing services through WebAPI / SDK.

LOOM news

On February 15, the LOOM price reached a high of 375 satoshi and began to decline from there.

LOOM is trading above the daily moving average (MA) with resistances of 450 and 800 satoshi. Weekly RSI is showing increasing signal.

Trader CryptoWar Warrior01 has sketched a LOOM chart showing breakout and confirmation at the next resistance level. This prediction shows that LOOM price will grow and can surpass 315 satoshi and eventually reach 580 satoshi.

Canaan news

A shareholder of bitcoin mining hardware manufacturer Canaan is suing the company for violating U.S. securities laws.
Filed on March 4 in the US District Court, the lawsuit alleges that the Chinese company misled investors about the company's operational and financial health status in the IPO filing. Securities and Exchange Commission (SEC).

In addition to Canaan, the lawsuit also names the company's sponsoring organizations for this IPO including Galaxy Digital, China Renaissance Securities, Huatai Financial Holdings, CMB International Capital, and others. Notably, one of the original main sponsors, Credit Suisse, announced it was leaving a few days before the IPO.

Binance news

Binance posted its Future Trading report in February 2020. Accordingly, most of the permanent contracts of Binance Futures have ended. ETH / USDT and LINK / USDT have proved superior to other permanent contracts with rates of 20.6% and 43.8% respectively.

Most major cryptocurrencies posted negative returns in February despite reaching a new 6-month high. After a sharp rally in January, volatility returned when Bitcoin peaked at $ 10,500. However, after that the price dropped sharply and closed at $ 8,500 in the month. Thus, Bitcoin market capitalization has decreased from US $ 170 billion to US $ 155 billion, 9% lower than January.

News Huobi

Today, Houbi has officially launched cryptocurrency exchange Houbi Thailand. Its customers can buy cryptocurrencies using Thai baht.

Huobi Thailand customers can buy Bitcoin, Ether, Huobi Token and Tether in baht. Huobi Thailand also plans to add Bitcoin Cash, Bitcoin SV, Litecoin and XRP in the near future.

In addition, Huobi Thailand also plans to launch a lending platform using a stablecoin called Thai Baht Digital (TBD).

Square Crypto News

Square Crypto, a payment company started by Twitter founder Jack Dorsey, is now officially supporting Bitcoin development through a sponsorship program.

In notification On March 4, the company announced that the Square Grants program would be public. Two developers received funding, of which BTCPayServer received $ 100,000 to continue developing the open source payment processor and another developer received an undisclosed amount of money in connection with Lightning Network development. Square also revealed that it has granted a grant to two Bitcoin developers, Jon Atack and Tankred Hase.

News Arweave

Arweave, a blockchain startup company focused on permanently storing content on the Internet, has raised $ 8.3 million in new funding from Andreessen Horowitz, Union Square Ventures and Coinbase Ventures.

Founded in 2017, Arweave joined Techstars Berlin's mentoring program in 2018 and was released in June of that year. Follow Press Release, the protocol currently has more than a million “pieces of data” stored on its web platform and nearly 200 applications are built on it.

The new capital inflow will help the company build a range of new initiatives, including efforts to reinvest in the Arweave community.

Other news

Blockchain cofounder Elementus sued Twitter for blocking his account.

Data scientist, Geoff Golberg sue Twitter for banning his account after he used offensive language.

Golberg, co-founder of blockchain analysis firm Elementus and a scholar at the University of Colorado, was locked out of his Twitter account on July 29, 2019, for “abusive” behavior of users.

In the lawsuit, Golberg stressed that his account lockup violated Twitter's terms of service. He only knew his account was locked because he used words like “fool” or “fool”. The plaintiff is claiming damages from 25,000 to 50,000 USD and reactivating his account, with more than 12,000 followers.

Nike and Macy run blockchain tests with the RFID lab

Follow whitepaper of the Research Laboratory of RFID, Auburn University published on Wednesday, Blockchain technology can help major fashion brands from Nike to Macy share product data better in the retail supply chain.

The study, dubbed the Chain Integration Project (CHIP), shows retailers and others running Hyperledger Fabric nodes on part of their supply chain. Research shows that blockchain is a promising way to share data sequentially after tracking tens of thousands of products like Nike Kids Air Force 1 shoes and Michael Kors Parkas moving between distribution centers.

OG Championship team Dota 2 cooperates with Chiliz, releasing fan tokens

Chiliz has built and developed with traditional sports partners on the fan token portal, including FC Barcelona, ​​Juventus and Paris Saint-Germain, and now the company has begun to merge. cooperating with “leading teams” in the field of games.

This week, has released The OG Fan Token for OG esports, one of the dominant teams in recent years. OG was the first team to win a back-to-back championship at the annual international tournament Dota 2, 2018 and 2019, with over $ 33 million in prize money.

INX's $ 130 million IPO is scheduled to be launched next month

The crypto and stock exchange startup is set to conduct an IPO in April. INX is about to deliver a series of presentations to potential investors, called roadshows, originally supposed to be takes place In January, the company hired a European investment bank to act as the main guarantor for the IPO.

INX aims to develop a platform that strictly complies with the regulations. Unlike ICO services, INX is currently registering with the SEC. The company also plans to relocate its headquarters from Gibraltar's blockchain-friendly legal area to New York. That means they will have to obtain a state BitLicense license to serve residents, and must negotiate with the New York Department of Financial Services (NYDFS) to be licensed.

INX's $ 130M IPO to Launch Next Month as Exchange Seeks NY BitLicense

Viet Cuong

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