🗞 Daily Crypto News, March, 13th 💰

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  • Bitcoin Falls Below $5K as Market Pain Deepens ;
  • PlusToken Scam Still Has BTC 61,229 Undistributed - Report ;
  • Edward Snowden ‘Feels Like Buying Bitcoin’ Amid Price Crash;
  • DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop ;
  • Bank of England Releases Discussion Paper on CBDCs ;
  • 🗞 Daily Crypto Calendar, March, 13th 💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Falls Below $5K as Market Pain Deepens

Bitcoin (BTC) and the broader cryptocurrency market continued this week's sharp decline, with the world's largest crypto falling to around $4,800.

The crypto space echoed the broader global trading markets: Equities have been in free-fall mode, prompting another halt to trading as the S&P 500 suffered another 9.5 percent drop on Thursday. The Dow Jones Industrial Average is also down around 10 percent, while the tech-heavy Nasdaq fell 9.43 percent to around 7,201 basis points.

The Asian markets fared no better as the Australian ASX All Ordinaries dropped 7.23 percent while Tokyo's Nikkei 225 fell 4.4 percent and is set to continue its slide into deeper losses amid the coronavirus pandemic.

🗞 PlusToken Scam Still Has BTC 61,229 Undistributed - Report

The PlusToken scam project might still have undistributed BTC 61,229 (USD 369 million) that might affect the market, according to investigative firm OXT Research.

The widely talked about USD 2.9 billion PlusToken Ponzi scheme pops up on media and research company's radars ever so often, particularly when they make a move.

Following their January detailed analysis, OXT Research took another in-depth look into what they've described as "the first billion-dollar ponzi scheme in crypto history."

🗞 Edward Snowden ‘Feels Like Buying Bitcoin’ Amid Price Crash

Following Bitcoin’s (BTC) flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip.

In a tweet posted on March 13, Snowden — famous for disclosing top-secret documents that revealed the extent of American and British global surveillance operations — wrote:

“This is the first time in a while I've felt like buying bitcoin. That drop was too much panic and too little reason.”

🗞 DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop

A large drop in the price of ether (ETH) is testing the feasibility of Ethereum's entire system of lending and borrowing.

MakerDAO is the largest and most important application in Ethereum's decentralized finance (DeFi) ecosystem. Right now, it faces an emergency shutdown with $4 million of its dollar-pegged dai stablecoin not backed by an underlying crypto asset, according to a stakeholder call held Thursday.

If a shutdown were to occur, the crypto market would be flooded with some 2.4 million ETH even as the asset’s value plummets amid broader market turmoil.

A spokesperson for the MakerDAO Foundation told CoinDesk: "The MakerDAO community and the Maker Foundation have been working hand in hand to monitor, assess and resolve the current situation."

🗞 Bank of England Releases Discussion Paper on CBDCs

The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, a digital currency could utilize the latest FinTech and make transactions easier and faster for consumers.

The Bank has just released a 57-page report examining how CBDCs could be introduced to existing markets, performing as both a store of value and used in everyday transactions.

The report, titled “Central Bank Digital Currency March 2020: Opportunities, Challenges and Design” follows discussions by government officials as they explore shifting to a digital economy.

As cryptocurrencies and other digital currencies become more mainstream, fiat money issued by central banks is — albeit slowly — losing its market stronghold.

🗞 Daily Crypto News, March, 13th💰

  • PCHAIN (PI)

"#PCHAIN Mainnet will upgrade to V1.2.01 at 11:00 on March 13th 2020 (UTC+8)..."

  • General Event (CRYPTO), Rivetz (RVT), ShipChain (SHIP)

South Carolina Blockchain Conference from March 13 to 14 in Mount Pleasant, South Carolina.

  • Qtum (QTUM)

"Qtum is hosting an #AMA and giveaway w/ @unstoppableweb on March 13!"

  • Vexanium (VEX)

"Vexanium will have an AMA session on its telegram channel (vexaniumcom) on March 13th 2020."

  • Crypto.com Coin (CRO)

Live AMA with Tezos president, board member, and CMO on Telegram at 4 PM (HKT).

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

The STEEM is currently moving inside the range created between the support at 0.21$ and the resistance line at 0.23$.

We won't have any real news till the market will break one of these lines. The more we will stay inside that range, the more powerfull will be the move when we will go outside. the only problem in this kind of move is that we never know the direction that it will take.

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Last Updates

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