🗞 Daily Crypto News, March, 15th 💰

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  • The Race Is On To Become the World's Digital Reserve Currency. Who Will Win? ;
  • Cardano to Roll Out Commercial Infrastructure, Denies Coronavirus Delay ;
  • ‘Anything That Can Be Decentralized Will Be Decentralized’ 6 Years Later;
  • Bitcoin & Gold ‘Are Doing the Same Thing’ in Coronavirus Crisis: Pomp ;
  • Attempts to Increase Bitcoin's Supply Would End Up With Another "Bitcoin" ;
  • 🗞 Daily Crypto Calendar, March, 15th 💰
  • STEEM Trading Update

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

🗞 The Race Is On To Become the World's Digital Reserve Currency. Who Will Win?

Central Banks are excited by Bitcoin's dramatic innovation, its blockchain technology and the potential for Central Bank Digital Currencies (CBDC). However, they are also cautious as Bitcoin has a reputation as the badlands of financial services, used by drug dealers and money launderers, not upright citizens and certainly not central bankers.

So after the Bitcoin innovation what have been the catalysts for Central Banks to act? One word. Libra. Facebook’s Libra caused Central Banks to panic around the world by announcing it would launch its own digital currency. Libra could become the global default crypto with two billion people having instant access to it just by having a Facebook account. Governments around the world threw their arms up in horror. France and India immediately banned it. Libra doubled governments’ efforts to respond to protect their interests. China reacted to the Libra launch quickly.

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🗞 Cardano to Roll Out Commercial Infrastructure, Denies Coronavirus Delay

Proof-of-stake (PoS) blockchain Cardano (ADA) is working on implementing commercial infrastructure. The coin’s officials have reassured the public that development is on schedule.

During a March 13 YouTube livestream, Charles Hoskinson — the CEO of IOHK, the firm behind Cardano — said that official updates about the coin’s critical commercial infrastructure should be expected in the coming months, but reassured that things are proceeding as expected.

Hoskinson explained that the people involved in the coin’s development are starting to set aside funding for dedicated commercial infrastructure, which he explained as follows:

“Cardano commercially critical infrastructure are things that Cardano needs for it — in our view — to be competitive against other cryptocurrencies.”

🗞 ‘Anything That Can Be Decentralized Will Be Decentralized’ 6 Years Later

The best Sundays are for long reads and deep conversations. Last week the Let's Talk Bitcoin! Show gathered to discuss a new consensus-driven approach to DeFi oracles and to revisit Johnston's Law (anything that can be decentralized will be decentralized) with the man who coined the phrase so many years ago.

A new "consensus based" alternative to "reserve based", "game theory based", or trusted oracle based Stablecoins

The growing relevance of DeFi even for those who aren't using it
Johnston's Law six years later, how far we've come and real reasons for optimism on the decentralized evolution of everything.

🗞 Bitcoin & Gold ‘Are Doing the Same Thing’ in Coronavirus Crisis: Pomp

On March 14, Tyler Winklevoss, the co-founder and CEO of Gemini and prominent early Bitcoin investor, took to Twitter to defend Bitcoin despite the recent market crash.

In the tweet, Tyler emphasizes that Bitcoin is still in its infancy, stating:

“If bitcoin isn't gold 2.0, then what is it? The fact that it's not acting how you might expect only underscores just how early it is.”

Supporting Winklevoss’ assertion, Anthony Pompliano, the co-founder and partner at Morgan Creek Digital, has attributed the recent crypto market meltdown to a broader liquidity crisis coursing through the global economy. He said:

“Bitcoin and gold are doing the same thing, just as you would expect them to in a liquidity crisis..they go down. Same thing happened to gold during liquidity crisis of 2008 too.”

🗞 Attempts to Increase Bitcoin's Supply Would End Up With Another "Bitcoin"

A raised or unlimited supply cap would almost certainly depart from Bitcoin's philosophy.

"There would be a revolt at the miner and exchange level."

Bitcoin's supply cap is one of its biggest selling points. Limiting the network to almost 21 million BTC, the cap makes Bitcoin a ‘deflationary’ currency.

Naturally, people have been questioning whether it might be possible to remove this cap. In theory, by simply submitting a pull request to Bitcoin Core's GitHub, a hosting service that is most often used for code, repository, a developer could potentially have the cap's removal introduced into a future version of Bitcoin.

🗞 Daily Crypto News, March, 15th💰

  • BitTorrent (BTT), TRON (TRX)

"Due to the coronavirus outbreak, the deadline of #SUNNetwork Developer Challenge will be postponed to 15 Mar, 2020. "

  • Next.exchange (NEXT)

"The CTO of NEXT.exchange announced in their official Telegram chat that they will conclude testing of their HEX crypto exchange in a week!"

  • TrueFeedBack (TFB)

"TFB roadmap for TFB v 2.0 will be shared."

  • Internxt (INXT)

"X Cloud Desktop is finally available for macOS, Linux and Windows"

  • SCRIV NETWORK (SCRIV)

"StackOfStake 3.0 is launching the closed beta test. The registration will be closed on 10.03.2020."

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

Hard time for crypto holders ! The STEEM followed the big correction of the BTC to make a low around 0.08$. We simply explode all the support line of myc hart so not easy to have some analysis after that. However, buyers at 0.08 did almost an instant profit ! Well done ! We are now trying to go back upper the resistance line at 0.14$. Let's see if the market will allow us to break it.

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