🗞 Daily Crypto News, March, 8th 💰

• Bitcoin Slips Under $9K but Don’t Panic Until This Price Level Breaks;
• The Dangerous Truth About India’s Cryptocurrency Verdict;
• Coronavirus Plagues US Crypto Conferences ;
• ‘Crypto-Friendly Bank’ Blocked Your Money? Good Luck Recovering It ;
• Could These XRP Alternatives Threaten Ripple?;
• 🗞 Daily Crypto Calendar, March, 8th 💰
• STEEM Trading Update

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

🗞 Bitcoin Slips Under $9K but Don’t Panic Until This Price Level Breaks

In the past few hours, Bitcoin (BTC) price dropped 3.85%, losing $9,000 and pulling back to $8,835.

The abrupt downside move occurred after Bitcoin price rallied to $9,188, slightly above the $9,150 target many traders had suggested the asset would reach before attempting a more decisive move toward $9,300.

Traders had anticipated a rejection at either $9,150 or $9,300 and at the time of writing the daily timeframe shows the price holding above the 20-MA of the Bollinger Band indicator at $8,858.

🗞 The Dangerous Truth About India’s Cryptocurrency Verdict

CEO of Policy 4.0 and works actively with policymakers in India on blockchain initiatives. She was formerly blockchain lead at EY India and a fellow on cryptocurrency regulation at the New America Foundation.

Industry watchers cheered on March 6 when the Supreme Court of India struck down the Reserve Bank of India’s (RBI) ban on financial institutions providing banking services to cryptocurrency businesses. However, the decision is not final, and embedded in the text of the judgment are multiple red flags.

In addition, a draft bill to ban cryptocurrencies, released on Feb. 28, 2019, could still move through Parliament. As analyzed by me previously, taken together, the partial court victory and the possibility of legislation moving forward mean that crypto’s legal status in India remains vulnerable

🗞 Coronavirus Plagues US Crypto Conferences

There has been a rapid escalation of the COVID-19 coronavirus outbreak worldwide. Two major crypto conferences in the US have been affected by the epidemic so far.

“Bitcoin 2020”, originally scheduled for March 27 and 28 in San Francisco, has moved to Q3 of 2020. The Chamber of Digital Commerce also postponed next week’s “DC Blockchain Summit 2020” conference. The rescheduled dates are not yet confirmed, according to the announcements on March 6.

Bitcoin 2020 has assured all attendees that their tickets for the conference will automatically be valid for the rescheduled event. They have also asked all registered participants to wait until updated details are announced before requesting a refund.

🗞 ‘Crypto-Friendly Bank’ Blocked Your Money? Good Luck Recovering It

“There is little that a customer can achieve by resorting to legal action to force the bank to release those funds."

“Seek to work with them to help them conclude their process as soon as possible.”

Sooner or later, you may be blocked out of your bank account. It can happen to any of us, and it can even happen with supposedly crypto-friendly “banks,” such as Bitwala, Revolut, and more.

The question is: what should you do if such a company freezes or blocks your account? Well, according to lawyers, there isn't any legal 'magic bullet' you can use that will successfully get your account reopened.

🗞 Could These XRP Alternatives Threaten Ripple?

Depending on who you ask, XRP is either an innovative implementation of blockchain technology with impactful real-world use or a skillfully crafted get-rich scheme for Ripple, the company behind the technology.

Let’s play a bit and explore a few potential XRP alternatives that could threaten Ripple’s position. Moreover, Brad Garlingnhouse, CEO of Ripple, admitted recently that the company would be unprofitable without XRP sales.

Ripple has managed to garner support from a wide range of financial institutions. According to its website, its blockchain solution supports cross-border payments across a network composed of over 200 banks and other financial institutions.

🗞 Daily Crypto News, March, 8th💰

• ShareToken (SHR)

ShareRing Mainnet Launch

• Newscrypto (NWC)

"Newscrypto is hosting the Holders Reward event as a way of giving back to their loyal supporters."

• Chainlink (LINK)

Loopring.io lists LINK/ETH pair. Deposits open Mar 7th, 9 AM (EST). Trading begins Mar 8th, 9 AM (EST).

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

The STEEM continues to look strong. Even the BTC is currently correcting, the correction on the STEEM is very light and doesn't look powerfull. In all the case, the important point would be to save the support line at 0.21$ in order to be able to continue the UP trend as soon as the correction is done on the BTC.

Last Updates

• 🗞 Daily Crypto News, March, 7th💰
• 🗞 Daily Crypto News, March, 5th💰
• 🗞 Daily Crypto News, March, 4th💰
• 🗞 Daily Crypto News, March, 3rd💰
• 🗞 Daily Crypto News, March, 1st💰
• 🗞 Daily Crypto News, February, 29th💰
• 🗞 Daily Crypto News, February, 28th💰
• 🗞 Daily Crypto News, February, 27th💰
• 🗞 Daily Crypto News, February, 26th💰
• 🗞 Daily Crypto News, February, 25th💰
• 🗞 Daily Crypto News, February, 24th💰
• 🗞 Daily Crypto News, February, 23rd💰
• 🗞 Daily Crypto News, February, 22nd💰
• 🗞 Daily Crypto News, February, 21st💰
• 🗞 Daily Crypto News, February, 20th💰
• 🗞 Daily Crypto News, February, 19th💰
• 🗞 Daily Crypto News, February, 18th💰
• 🗞 Daily Crypto News, February, 17th💰
• 🗞 Daily Crypto News, February, 15th💰

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