Cryptocurrencies Market Overview - March 2, 2018

Welcome to my Cryptocurrencies Market Overview for Friday, March 2, 2018.

Today in the news:

• Both Binance and Kraken have reduced their Bitcoin withdrawal fees by 50% to 0.0005 BTC.
• Bank of England (BoE) governor Mark Carney said in a speech today that the cryptocurrency market needed regulation in order to protect the financial system.
• Litecoin (LTC) has released a new core version: v0.15.1
• And more crypto news below...

24 Hour Change

Realtime chart on my website CoinMarkets.today

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin daily chart

Bitcoin has broken the resistance line and is now testing it again from the other side (see the 4-hour chart). I hope it holds. It looks weak though.

Bitcoin 4-Hour chart

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - March 2, 2018

Bitcoin Price Flirts with $11,000 as Other Top Coins Retreat

The Bitcoin price continued to flirt with the $11,000 threshold on Friday, even as other top cryptocurrencies experienced minor declines. Meanwhile, another former top 10-cryptocurrency is eyeing a return to this exclusive list.
_{Read more: www.ccn.com}

More sources about Bitcoin's price:

• Bitcoin Struggles to Pass $11K Amid Low Volumes

BOE’s Carney Calls for Rules to End Cryptocurrency Anarchy

Mark Carney is calling for greater regulation to bring the era of cryptocurrency “anarchy” to an end. “The time has come to hold the crypto-asset ecosystem to the same standards as the rest of the financial system,” the Bank of England governor said Friday in a speech at Bloomberg’s European headquarters in London.
_{Read more: www.bloomberg.com}

Other sources:

• BoE Boss Calls for Crypto Regulation
• UK Central Bank to Clamp Down on Crypto Money Laundering
• Bitcoin faces regulatory crackdown, Bank of England warns

Cryptos Worming Their Way into California Real Estate

The real estate sector in California is embracing cryptocurrency payments in property sales and purchases.
_{Read more: cryptovest.com}

Politicians are getting in on the cryptocurrency craze to fund campaigns

Bitcoin is making waves in campaign finance. More and more candidates are turning to the cryptocurrency to help fund their campaigns — and with good reason.
_{Read more: www.cnbc.com}

Litecoin (LTC) Releases New Core Version

Litecoin (LTC) is becoming a high-publicity digital asset with a rather active development calendar. This time, the coin has a new release of the core version, coming a few days after the new version of Bitcoin.
_{Read more: cryptovest.com}

Don't Ban Crypto, Says Former FDIC Chief Sheila Bair

The former chairperson of the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits in the U.S., says that cryptocurrencies shouldn't be outlawed. According to a new interview published by Barron's, Sheila Bair suggested that while bitcoin and other cryptos lack an "intrinsic value," so do currencies such as the U.S. dollar. "I don't think we should ban it - the green bills in your pocket don't have an intrinsic value, either," she was quoted as saying.
_{Read more: www.coindesk.com}

Other sources:

• Sheila Bair on Bitcoin: "We Shouldn't Ban It: The Green Bills In Your Pocket Don't Have Intrinsic Value, Either"
• Sheila Bair says bitcoin has no intrinsic value — but neither does the dollar

Raiden Isn't Ethereum's Only Hope for Off-Chain Payments Anymore

Competition is heating up in the ethereum ecosystem, now that scaling project Liquidity.Network has launched in test mode.
_{Read more: www.coindesk.com}

Bitcoin ‘Bubble Is Necessary’ To Test Endurance, Says Hedge Fund Founder Bill Miller

Bill Miller, multi-millionaire investor and founder of hedge fund Miller Value Partners, shared his positive view on the cryptocurrency market sell-off and talked about why it should not scare investors in a FOXBusiness exclusive interview Feb. 28.
_{Read more: cointelegraph.com}

Venezuelan President Orders Airlines to Accept Petro, Cryptocurrencies for Tickets

Venezuela’s oil-backed cryptocurrency keeps making headlines, as the country’s cryptocurrency superintendent, Carlos Vargas, recently announced that airlines in Venezuela can now accept the Petro (PTR) and other cryptocurrencies as a payment method.
_{Read more: www.ccn.com}

A $1 Trillion Money Manager Is Adding Cryptocurrencies To Its Portfolios

Boston-based Wellington Management Co. - a massive fund company with $1 trillion AUM - is considering adding cryptocurrencies to some of its portfolios, according to a February report from one of its equity analysts.
_{Read more: www.zerohedge.com}

Other sources:

• This $1 Trillion Money Manager Just Joined the Crypto Frenzy

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