Cryptocurrencies Market Overview - March 9, 2018

Today in the news:

• Four dark red days in a row :(
• Sierra Leone uses blockchain technology to track votes in presidential elections.
• Announced planned maintenance on Poloniex took longer than expected.
• Synereo has launched the WildSpark social network. A Steemit competitor.
• And more crypto news below...

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Latest Crypto News - March 09, 2018

Bears in Control, But Bitcoin Eyes $8K Defense

Bitcoin's 28 percent drop this week has turned the tide in favor of the bears, but a sustained break below $8,000 looks unlikely in the short-run, the price charts indicate.
_{Read more: www.coindesk.com}

More sources about Bitcoin's price:

• Bitcoin's Bad Week Is Getting Worse as Selloff Deepens to 20%
• Bitcoin is slumping and analysts say there are 3 big reasons for the 'fear and panic'

PBOC’S Zhou Xiaochuan: No Imminent Regulatory Measures On Digital Currency

Zhou Xiaochuan, governor of China’s central bank, the People’s Bank of China (PBoC), talks about digital currency, bitcoin and regulations on digital currency during a press conference held for the National People’s Congress 2018. He said, there’s no imminent regulatory measures on digital currency. Future regulations are dynamic depending on the technology and regional trial.
_{Read more: 8btc.com}

Other sources:

• PBoC Governor Blasts 'Explosive' Crypto Speculation

US Congress to Discuss ICOs in Hearing Next Week

A subcommittee of the U.S. House of Representatives Financial Services Committee is set to hold a hearing next week on cryptocurrencies and initial coin offerings (ICOs).
_{Read more: www.coindesk.com}

Sierra Leone Uses Blockchain To Track Election Results, Swiss Company Provides Expertise

In an apparent first, the African nation of Sierra Leone has employed Blockchain technology in tallying its presidential elections, according to Agora CEO Leonardo Gammar March 7.
_{Read more: cointelegraph.com}

Other sources:

• Sierra Leone Secretly Holds First Blockchain-Powered Presidential Vote

South Korean Seniors Investing More in Cryptocurrencies Than Younger Folks

Although seniors are indeed less enthusiastic about cryptocurrencies than millennials, they tend to invest larger sums of cash in cryptocurrencies, a South Korean survey shows.
_{Read more: cryptovest.com}

PayPal Filed a Patent to Speed Up Crypto Payments, Bitcoin Dev Argues It Already Exists

PayPal has filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of payments. Bitcoin expert argues that this is already made possible through existing technologies in the cryptocurrency industry.
_{Read more: cointelegraph.com}

Qarnot unveils a cryptocurrency heater for your home

French startup Qarnot unveiled a new computing heater specifically made for cryptocurrency mining. You’ve read that right, the QC1 is a heater for your home that features a passive computer inside. And this computer is optimized for mining.
_{Read more: techcrunch.com}

Other sources:

• Qarnot Releases New Hybrid Crypto Miner and Heater, and It Makes No Sense

Poloniex Says Scheduled Wallet Maintenance To End ‘Shortly’, No Update 16 Hrs After Start

The Poloniex cryptocurrency exchange tweeted that they would be undergoing scheduled maintenance on their wallet service on Thursday, March 8, which has extended without comment from the company for over a day.
_{Read more: cointelegraph.com}

Other sources:

• Poloniex Adds to Crypto Market Pessimism with Maintenance Freeze

Bitcoin Mining Giant Bitmain Sets Up Secret US Subsidiary

New reports indicate that crypto mining firm Bitmain is quietly preparing to open new facilities in Washington state.
_{Read more: www.coindesk.com}

Synereo Launches “Wild Spark”, a Blockchain-Based Social Network

Synereo, the startup linking the attention economy to crypto coins, launched the WildSpark social network, to build a system of rewards based on content posted on several traditional platforms. The rewards in crypto coins would be available for posters on Imgur, Medium and YouTube, distributed with no middleman or pay cuts.
_{Read more: cryptovest.com}

Ethereum Futures Inch Closer as Cboe Upgrades Trading Platform

Gemini, Cboe’s partner on crypto futures, has provided ethereum trading since at least 2016 and has a daily eth auction. Cboe, therefore, would now have the infrastructure to add ethereum futures, especially since they’ve gained some three months experience with bitcoin futures where trading has been fairly smooth.
_{Read more: www.trustnodes.com}

Twitter Trying to Crackdown on Crypto Scams; Hit and Miss so Far

Twitter might start banning cryptocurrency-related accounts that resemble spam, a company representative said. However, sometimes it ignores scams while prohibiting anti-scam fighters.
_{Read more: cryptovest.com}

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