Cryptocurrencies News

🗞 Daily Crypto News, March, 24th💰

  • Japan-Based SBI Holdings Establishes Crypto Chip Mining Manufacturing Subsidiary ;
  • Bank for International Settlements Exec Advises Against Central Bank Digital Currencies;
  • Mt Gox Creditors Warn Mass Sale Could Put Bitcoin Fork Prices At Risk;
  • Metamask Browser Extension Default Settings Broadcast ETH Addresses to Visited Websites;
  • Accepted: MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year;
  • 📑 Daily Crypto Calendar, March, 24th💰
  • STEEM Trading Update

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

🗞 Japan-Based SBI Holdings Establishes Crypto Chip Mining Manufacturing Subsidiary

Japanese financial services company SBI Holdings is getting into the crypto-<abbr title="

Mining is the process of repeatedly aggregating transactions, constructing a block and trying difference nonces until a nonce is found that satisfies the proof of work condition. If a miner gets lucky and produces a valid block, they are granted a certain number of coins as a reward as well as all of the transaction fees in the block, and all miners start trying to create a new block containing the hash of the newly generated block as their parent.

“>mining hardware game. The company announced it has established a new subsidiary that it hopes will strengthen its strategy related to digital assets and <abbr title="

A digital store of monetary value the primary use of which is for buying and selling goods, services, or property, such as Ether or bitcoin. Cryptocurrencies are cryptographically secured against counterfeit and often are not issued or controlled by any centralized authority.

“>cryptocurrency.


The financial giant’s new business, SBI Mining Chip Co., Ltd. (SBIMC), will be responsible for the manufacturing of crypto-mining chips as well as the development of mining systems. It will be headed by Adam Traidman, a former NASA employee and former president of the Chip Estimate Corporation.

According to SBI Holdings, Traidman started his career in Silicon Valley, where he spent 20 years as a “serial entrepreneur.” Traidman and his group will work with an undisclosed “large semiconductor enterprise” based in the US to develop the mining systems and manufacture the mining chips.

🗞 Bank for International Settlements Exec Advises Against Central Bank Digital Currencies

Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day.


Per the report, Carstens explained that a CBDC could facilitate a bank run, enabling people to move their funds from commercial banks to central bank accounts faster, thus destabilizing the system. Another issue that Carstens said arises with CBDC use, according to Bloomberg, is the different impact of interest rates on the public’s demand for money.

🗞 Mt Gox Creditors Warn Mass Sale Could Put Bitcoin Fork Prices At Risk

Mt. Gox Legal, a group of around 1,000 creditors of collapsed crypto exchange Mt. Gox, has prepared a draft proposal representing its consensus on how the exchange’s remaining assets should be paid out, according to a document obtained by CoinDesk.


Mt. Gox trustee, Nobuaki Kobayashi, released new details this week on the amounts of secured cryptocurrency (in bitcoin and bitcoin cash) and fiat currency it has approved for payouts to the estate’s many creditors as part of the civil rehabilitation process.


In total, Kobayashi said, the balance of the exchange is 69,553,086,521 Japanese yen ($629,594,540) in cash. It also holds 141,686.35 BTC and 142,846.35 BCH – cryptocurrency worth over $593 million.

🗞 Metamask Browser Extension Default Settings Broadcast ETH Addresses to Visited Websites

Leading Ethereum (ETH) browser extension Metamask reportedly broadcasts ETH addresses to all websites a user visits in its default settings, a GitHub issue submitted on March 20 states.


Metamask is a browser extension featured in the Brave browser — compatible with Mozilla Firefox, Google Chrome and Opera — that enables its users to interact with Ethereum-based decentralized applications (DApps). According to the aforementioned GitHub issue, Metamask broadcasts its users’ ETH address to all the websites visited in its default settings, with the post specifying that the ETH addresses are shown in data objects contained in message broadcasts as opposed to window objects.

🗞 Accepted: MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year

Users of Decentralized Autonomous Organization (DAO) MakerDAO (MKR) have voted to raise the so-called stability fee for Maker’s DAI (DAI) stablecoin by 4 percent, according to the results of a recent poll completed on March 21.


The firm announced on Thursday that users had voted yes to the proposal to increase the stability fee by 4 percent, from 3.5 percent to 7.5 percent. The reasons provided by the post are that the DAI’s exchange persists under one dollar, high inventory levels among market makers and prop desks, and insufficient impact from the previous fee increase.

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📑 Daily Crypto Calendar, March, 24th💰

Callisto’s next AMA with founding member and CRO Dexaran on Telegram at 19:00 (UTC 0).

Block halving at block number 2,304,001.

Full details will be disclosed on Monday March 25th. https://www.patenttx.com.

“RPM token holders must have their tokens deposited in their STEX wallet before March 25th at 12:00PM UTC.”

“We are delighted to announce that the Incorporations Marketplace will launch on the 25th of March”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

https://steemitimages.com/p/HNWT6DgoBc14riaEeLCzGYopkqYBKxpGKqfNWfgr368M9UTLD62HfvkzcBWCEFVLLPwCX7LMwRudGrypkoBeruncK3fGFeqakxdFWAhZ915Nt4zSTzbd1NsRLjx?format=match&mode=fit&width=640

Here is the current chart :

STEEMUSD.jpg

Like for the BTC, we had very small moves on the STEEM and nothing enough powerfull to go test the resistance line. We will have to wait that the BTC has more volume to have the same on the STEEM. This resistace line looks really strong as we are not able to stay upper more than several hours. Let’ see what will give the next Break Out.

image.png

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