🗞 Daily Crypto News, March, 16th 💰

about 4 years ago

QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7% ;
How Will Bitcoin Halving Affect Its Security? ;
Crypto Is Brewing in Colombia: Active Adoption That Will Wake You Up ;
Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades` ;
Using Digital Currency for Climate Markets ;
🗞 Daily Crypto Calendar, March, 16th 💰
STEEM Trading Update

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

🗞 QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7%

The Federal Reserve decided it had to act quickly and severely to cut rates on Sunday, slashing the target fed fund rates — the interest depository institutions charge one another overnight for reserves — to between 0.0 and 0.25 percent. The full percentage point cut was four times more than its usual move.

The Fed's return to ZIRP — zero interest rate policy — was brought about by the threat coronavirus is placing on the U.S. and global economy. It was done at the Federal Open Market Committee's (FOMC) meeting, which was urgently moved up to Sunday from a previously scheduled one on Tuesday.

The last time rates were cut to this level was Dec. 2008, where it remained for seven years. It inched up as high as 2.5 percent by 2018, before the Fed began cutting. Just two weeks ago, it was brought down to 1.0 to 1.25 percent.

“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the FOMC said in its statement. "Global financial conditions have also been significantly affected. Available economic data show that the U.S. economy came into this challenging period on a strong footing.

🗞 How Will Bitcoin Halving Affect Its Security?

Altcoiners say that due to Bitcoin halvings the security of the network will drop.

"Bitcoin could run today with one-tenth of the mining power and be very very secure without any problems."

Bitcoin (BTC) is the most secure cryptocurrency with the most secure blockchain, remind the legions of Bitcoiners who argue that the cryptocurrency's increasing hashrate is enough to ensure that it never succumbs to a 51% attack.

However, skeptics argue that Bitcoin's halving block rewards put this much-fabled security at risk. By reducing the quantity of new BTC given to those who mine the cryptocurrency, there will be less financial incentive to maintain the Bitcoin network's high hashrate, in theory making 51% attacks more feasible.

🗞 Crypto Is Brewing in Colombia: Active Adoption That Will Wake You Up

The growing popularity of cryptocurrencies in Colombia has been widely discussed, as there is no unanimous consensus over the key reasons that are driving this momentum.

The fact is that there are several studies, such as the one carried out by Statista, that reflect a significant and relevant interest on the part of the Colombian user, highlighting it as the third country with the largest number of crypto users.

🗞 Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades

Bitcoin’s price crash last week has cast a shadow over mining firms, which have spent over half a billion dollars overhauling equipment over the last six months in preparation for the network’s next so-called halving.

Large bitcoin (BTC) mining farm operators in three countries told CoinDesk they’ve been on a buying spree to upgrade or expand facilities since September, reflecting a shared commitment to staying in the mining game for the long haul.

In May, the amount of freshly minted bitcoin awarded to a successful miner every 10 minutes or so will be programmatically split in half, hitting these firm’s top line. Since older equipment is becoming unprofitable even before the reward is cut, more than $500 million has been poured into the new, more efficient machines that can churn out more bitcoin, according to a CoinDesk estimate.

🗞 Using Digital Currency for Climate Markets

Climate change has created a rapidly growing global market for a digital eco-commodity called carbon credits. Current estimates value these carbon markets at over $100 billion annually. A carbon credit represents one metric ton of CO2 and is connected to efforts to reduce carbon emissions that cause climate change.

Carbon markets are one of the best tools that companies and policy-makers have for reducing carbon emissions, putting a value on a ton of CO2 so that markets can get to work creating price signals for reducing emissions. Various initiatives over the years have created a global patchwork of carbon markets that are now looking to interconnect as part of the UN Paris Agreement.

The UN Paris Agreement to combat climate change was agreed in 2015 and became operational this year. One of the cornerstones of the Paris Agreement is the ongoing creation of carbon markets within and between countries. All of these interconnected systems will need to rely on the transparent and accurate accounting of carbon emissions and carbon removals at the national and regional level. At the subnational level, companies will also need to account for their carbon emissions. It’s no wonder that blockchain solutions are being heavily discussed to make the Paris Agreement and future carbon markets operational.

🗞 Daily Crypto News, March, 16th💰

Contentos (COS)

Qualified participants rewarded with COS tokens within 24 hours after 2020–03–30 12:00 (UTC).

Electra (ECA)

"During the next 3 weeks, we will release (...) summary of the testing phase"

TRON (TRX)

"#TRON Core Devs Meeting 4 will be held on Monday, 16 March 2020, 9:00 AM UTC."

Veros (VRS)

"The last VRS 2.0 token SWAP and launch of trading with the new VSR 3.0 token on the Dex-Trade.com exchange."

Celer Network (CELR)

"Super excited to announce Celer State Guardian Network testing program! INVITE-ONLY, register before Mar. 16th!"

STEEM Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

The BTC consolidated during hours in a triangle and it looks like the market want start a break out now. So we just had a UP break out but we need to be carefull because it looks like we are having a big rejection from the 6000$ levem. So we must see if it is not a trap and that we will just start a correction more powerfull than this break out.

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