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Crypto News March 9: Bitcoin price could return to $ 8,550 with news of Ripple, Argent, Chainlink, Nippon Express, Crex24, NEM

From the valuation of BTC can go back to $ 8,550 threshold to Youtube once again targeting the Crypto Youtubers. Here are some highlights from the Crypto market.


Bitcoin news

Analysts are currently debating where Bitcoin will go. For now, most seem to be anticipating further price drops, particularly because BTC is currently trading like a risky asset, meaning it will continue to fall along with the stock market. and other top properties.

However, some people are expecting BTC to find their support soon. Josh Rager, the famous trader, recently commented that Bitcoin has a Control Point and a horizontal support level of between $ 7,700 and $ 7,995, in addition to that the price may rise to $ 8,550.

Besides, trader Crypto Hamster commented that Bitcoin is looking extremely superior, and several bullish divergences have formed on the one-day chart with Stochastic, MACD, MFI, EFL, Fisher and indicators. other importance.

A villa in Brazil is for sale in Bitcoin

Cryptocurrency enthusiasts looking for a real estate investment can use their Bitcoin to buy a luxury mansion on a Brazilian beach.

The Beach House Pipa in Barra de Cunhau, Canguaretama, Rio Grande do Norte are for sale for 2.93 million USD (2.6 million euros). With BTC value hovering around $ 8,000, cryptocurrency investors can buy luxury villas for more than 366 BTC. The villa has 06 bedrooms, with jacuzzi and large terrace, all overlooking the sea.

The total area of ​​the property is 33,000 square feet (3,060 square meters). It has a total of 08 bathrooms, covered garage with capacity of 03 cars, billiard room and gym, volleyball court, sauna and two swimming pools. This luxurious villa is just a 10-minute drive from Pipa, one of the most popular tourist destinations in Rio Grande de Norte.

Ripple news

After a strong start to the new year, XRP has reversed and plummeted along with the price of BTC.

On February 5, Brad Garlinghouse, Ripple's CEO issued a statement about XRP's profits, in relation to Bitcoin. At that time, XRP had significantly outperformed the leading cryptocurrency. XRP has outperformed BTC and the cryptocurrency market in 2020. XRP price is up 44% compared to BTC at 33%.

However, with the pullback of the market, XRP currently only has an increase of about 7.77% compared to the beginning of the year, while Bitcoin has a growth rate of 7.84%.

Some coins in the Top 15 market capitalization continue to outperform Bitcoin in 2020. From the beginning of the year, LINK increased 129%, BSV increased 108%, XTZ increased 90.12% and ETH increased. 57%.

Argent news

Paradigm, led by Fred Ehrsam, co-founder of Coinbase, has just invested $ 12 million in Argentine Series A funding round, along with Compound founder Robert Leshner and Index Ventures. London-based startup Argent, has raised $ 16 million since it was founded in December 2017.

“I don't know what the revenue model will be like, but we know it will attract a lot of users,” Leshner said.

Leshner is attracted to the opportunity to invest in Argent because the startup offers a unique combination of network smart contract architecture and convenient user experience. In addition, the e-wallet has recovery features so that users can regain their account if the phone is lost.

News Chainlink

During this market drop, analyst Josh Rager said LINK could plummet from its current price of $ 4.26 to under $ 3. For XTZ, he predicts it will drop from $ 2, 54 below the $ 2 mark.

News Nippon Express

A Japanese logistics company is planning to integrate the blockchain network into the new transportation system that will be developed next year.

Follow notification, Nippon Express plans to invest up to 100 billion yen, approximately US $ 1 billion, into its blockchain-based transportation network for pharmaceuticals. The Tokyo-based company intends to develop its own line of medicine starting in 2021, with the requirement to monitor products in real time through the warehouse and update status for the quality control team.

Nippon Express will work with other companies at home and abroad to develop this pharmaceutical network that is compatible with the blockchain. Accenture will build a sensor system to check the temperature of the product in the truck and in the warehouse. In addition, Intel Japan will provide radio frequency identification (RFID) tags to track the location of each shipment.

News Crex24

Users are accusing the Estonian cryptocurrency exchange, Crex24, of concealing about it being hacked after suspending trading for some Altcoin pairs.

Members of Crex24, claiming that the exchange did not give an explanation for the suspension of trading over 60 altcoins. The exchange also froze withdrawals and deposit services for many coins on the platform.

Although the services were interrupted and users asked the company to have a clear answer on Twitter, the exchange's social media posts showed that they were more interested in trying to support the listing. Newer coins are to address user concerns.

NEM news

NEM Ventures, the venture capital fund of the NEM blockchain ecosystem, has launched NEM Ignite Incubator to provide advice to early-stage blockchain projects.

NEM Ignite aims to bring new ideas and turn them into feasible projects, help strengthen the ecosystem and apply NEM technology. NEM Ventures will support incubator facilities by fostering connections between industry participants, partners and industry experts, and helping founders realize their strategic vision.

NEM Ignite participants will have access to consulting services, support throughout the process to prepare for market entry, business planning and implementation of capital mobilization rounds.

Other news

DLT can improve the global financial system

On March 7, three crypto and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology's Bitcoin Expo 2020 at MIT. ).

Conference participants acknowledged that distributed ledger technology (DLT) could improve the existing global monetary system, however, significant challenges still exist regarding privacy, blockchain interoperability and scalability.

Sonja Davidovic, economist of the International Monetary Fund (IMF), warning Central banks should not rush to deploy blockchain systems without first thoroughly examining the technology.

"What we saw was the hype out there and people quickly switched to that technology choice just because it's popular. That certainly happened with blockchain. As a result, we saw central banks directly involved without having gone through the right process of technology testing, selecting suppliers through the open bidding process and having the required proposals. "

Youtube is once again targeting the Crypto Youtubers

Cryptocurrency channel IvanOnTech has been banned from YouTube, which means Ivan is currently banned from posting new videos for a week. Ivan said their recent video was removed.

Obviously, YouTube once again gives the reason for this action to find something harmful or dangerous in his videos. At the end of December 2019, YouTube also began a “sweep” of YouTubers in the cryptocurrency market, preventing them from uploading many videos. However, after that, the YouTube team explained that this was due to a system error.

Viet Cuong

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