Daily Digest & News: Binance offers $250,000 USD bounty!!
Market Analysis
- The cryptocurrency market showed major volatility throughout the weekend and has continued to move in between $340 billion and $390 billion.
- BTC at over $9,600, has recovered to the minor resistance level of the recent bearish swing. If prices can stay above this point, it will confirm that a new bullish leg is in progress.
- 24h volume continues to be very low, coming in at below $15 billion
Daily News
- Binance Offers $250,000 Bounty For Arrest of Hackers
https://cointelegraph.com/news/binance-offers-250000-bounty-for-arrest-of-hackers
The Binance cryptocurrency exchange is offering a $250,000 equivalent bounty on the arrest of the hackers involved in the March 7th incident, Binance stated in an announcement March 11. Instead of sitting back, Binance is taking the fight to the hackers.
Furthermore, Binance has currently allocated the equivalent of $10,000,000 USD in crypto reserves for future bounty awards against any illegal hacking attempts.
- Chinese Crypto Mining Giant Bitmain Developing Facilities In US, Document Suggests
https://cointelegraph.com/news/chinese-crypto-mining-giant-bitmain-developing-facilities-in-us-document-suggests
The major Chinese cryptocurrency mining hardware manufacturer Bitmain is reportedly involved in the development of Ant Creek mining centers in the US. Bitmain’s co-founder Jihan Wu is the sole “governing person” of the Ant Creek LLC in Tumwater, Washington.
Bitmain is the largest player in the ASIC miner business and holds 70 to 80 percent of the market.
- South Korea: 20 Year Olds “Most Active” in Cryptocurrency Investment
https://www.ccn.com/south-korea-20-year-olds-active-cryptocurrency-investment/
South Korean news agency, Yonhap, has reported that according to a recent survey, people in their 20s are the front-runners in cryptocurrency investment.
While crypto is most popular with younger people, what’s most surprising is that it is 60-year-olds that were investing the largest amounts into it with an average total of 6.58 million won ($6,119 USD).
Other News
Elon Musk holding a crypto currency book in his hands
https://www.reddit.com/r/CryptoCurrency/comments/83pgy2/elon_musk_holding_a_crypto_currency_book_in_his/
Former Thai Finance Minister Calls for Crypto Regulation
https://www.coindesk.com/former-thai-finance-minister-calls-for-crypto-regulation/
Tennessee: New Legislation Prevents Crypto Retirement Funds While Legalizing Blockchain
https://cointelegraph.com/news/tennessee-new-legislation-prevents-crypto-retirement-funds-while-legalizing-blockchain
Monero Mining Malware Attack Linked to Egyptian Telecom Giant
https://www.coindesk.com/monero-mining-malware-attack-linked-to-egyptian-telecom-giant/
ICOs: Fix the Problem Before the SEC Fixes It for You
https://www.coindesk.com/ico-issuers-fix-problem-sec-fixes/
Crypto Advertisers On Google Adwords Report Ad Suspensions And Account Terminations
https://cointelegraph.com/news/crypto-advertisers-on-google-adwords-report-ad-suspensions-and-account-terminations
Finnish Crypto Exchange Risks Collapse As Banks Refuse To Do Business
https://cointelegraph.com/news/finnish-crypto-exchange-risks-collapse-as-banks-refuse-to-do-business
Vitalik Reveals New Idea for Plasma Scaling On Ethereum
https://www.coindesk.com/vitalik-reveals-new-idea-plasma-scaling-ethereum-event/
Binance is really doing a wonderful job, they are taking their business seriously, so many hacks are happening in crypto recently and especially on the exchanges, these hackers should be afraid now before they try to do something like this again.
Thanks for watching !
I really appreciate that you take out time to read through the comments and reply :)
I think this is the prime example of the best defense is a great offense.
Lol you got it ! Thanks for watching .
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Thank you for watching .
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I like your all post thanks for sharing @boxmining
Thank you!
Its great binance is the best one thanks for sharing such a great information about crypto In starting of your post no doubt market is low in last weak and still not to much up a little bit growth
Market will go up soon as BTC is the mother of crypto and soon it value go up still its aroud the figure 9 but hope it will go up
That amazing for me from you post Bitmain is the largest player in the ASIC miner business and holds 70 to 80 percent of the market.
its great that you shared most of the country and currency and market of that country in china crypto is growing quickly almost from the whole world people invest in crypto because evry one know its our feature thanks for sharing you information
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Binance is truly the best exchange out!
great news @boxmining