🗞 Daily Crypto News, March, 18th💰
- Bitcoin’s Price and Network Activity: One is Outpacing the Other;
- When Bakkt? Bitcoin Futures Market’s Approval Appears Stuck in Limbo;
- Coinbase Pro Increases Fees, Updates Market Structure ‘to Increase Liquidity’ ;
- How Ethereum Applications Earn A+ Security Ratings;
- Australia Announces National Blockchain Roadmap and Further Boost to Government Funding ;
- 📑 Daily Crypto Calendar, March, 18th💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 Bitcoin’s Price and Network Activity: One is Outpacing the Other
Bitcoin’s user growth, as represented by active addresses, has spiked in the last eight weeks leaving the price far behind, a move that contradicts the popular belief the two tend to move in tandem.
The 30 day average of active addresses on bitcoin’s blockchain, or the number of accounts that made cryptocurrency transactions at any point during the last 24 hours, total 664,064 as of March 16– up 17 percent from 569,812 seen on Jan. 20. Bitcoin’s 30 day average price, however, has increased just 1 percent during the same time span, according to Coinmetrics.
Active Addresses vs. BTC/USD
Transaction Volume vs. BTC/USD
🗞 When Bakkt? Bitcoin Futures Market’s Approval Appears Stuck in Limbo
Bakkt was first announced in early August as a bitcoin trading and custody platform, but its launch has been repeatedly delayed
It has submitted a proposal to the CFTC, asking for an exemption which would allow it to custody the bitcoin it uses to settle its futures contracts. While CFTC Commissioners were reportedly given the proposal in December, it now appears to be back before CFTC staffers.
It is unclear if or when the proposal may be published for a mandatory 30-day public review period.
Until the review period has ended – and CFTC Commissioners have voted to approve Bakkt’s exemption – the exchange cannot launch its one-day physically-settled futures contract.
🗞 Coinbase Pro Increases Fees, Updates Market Structure ‘to Increase Liquidity’
Major United States-based cryptocurrency exchange Coinbase announced a new market structure for its professional trading platform, Coinbase Pro, in a blog post published on March 15.
Per the announcement, the changes aim to increase liquidity, enhance price discovery and ensure smoother price movements. The changes include a new fee structure, reportedly designed to increase liquidity, updated order maximums, new order increment sizes, the turning off of stop market orders and added market order protection points.
According to the post, Coinbase Pro and Coinbase Prime — the firm’s institutional trading platform — will cease their support for stop market orders. The announcement further explains that all stop orders must now be submitted as limit orders and include a limit price.
🗞 How Ethereum Applications Earn A+ Security Ratings
More than 1.2 million ethereum applications have used a little-known security tool to help them avoid the costly errors arising from self-executing lines of code known as smart contracts.
Launched by ethereum technology startup Amberdata back in October, the free tool is available for anyone in the general public to interpret the security of active applications on the ethereum blockchain. Smart contracts with bugs that have been exploited have led to huge losses, even to the tune of hundreds of millions.
🗞 Australia Announces National Blockchain Roadmap and Further Boost to Government Funding
Australia has unveiled a national blockchain strategy and roadmap, with a boost of AU$100,000 (~$71,200) in further funding from the federal government. The news was announced in a joint media release from two Australian ministries on March 18.
Minister for Industry, Science and Technology Karen Andrews and Minister for Trade, Tourism and Investment Simon Birmingham have jointly stated that the new policy roadmap aims to make Australia’s nascent blockchain industry into a global leader.
The roadmap will encompass the development of blockchain “regulation, skills and capacity building, innovation, investment, and international competitiveness and collaboration.”
📑 Daily Crypto Calendar, March, 18th💰
Spend is holding its very first AMA on Reddit and announcing a new global banking partner on March 18th!
"Deployer #CLI allows you to create your very own #blockchain in less than an hour, based on our new $ARK Core codebase."
"TestNet upgrade will take place on Mar.18, 2019, 9:00-11:00 GMT+0."
"EMC2 and Hora Games. Coming March 18th to @GooglePlay and @iTunes"
Changes in the new release: improved synching, added official links and exchanges , minor bug fixes , minor GUI improvements.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are now upper than the resistance line which is now a support line. Again, we are staying very close of it so we need to be carefull because to my opinion, the direction is not yet validated and we could have also a sudden drop at any moment. We need to take some distance from that line with a UP or a DOWN. Let's see which direction the market will choose.
Last Updates
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Good sign that the bitcoin addresses are increasing.
Even if the prices is not moving much at the moment, it's a positive trend for future development.
More adoption, less speculation 👍
Posted using Partiko iOS
I hope so !
I don't think anybody should be raising their fees. Steem transfers funds for free. These guys better get a clue. 😠
Posted using Partiko Android
They have to make a living but raising fees for some obscure reasons is really cheap
Posted using Partiko iOS
@vlemon, In my opinion, when particular country adopt the Blockchain Technology then definitely it's a boost for the whole Blockchain Space and will inspire other countries too.
Indeed, it makes other countries more willing to adapt positive measures !
Posted using Partiko iOS
Absolutely agreed.
This post has received a 17.82 % upvote from @boomerang.
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