- Lending Your Crypto: Risks And Rewards Of Virtual Asset-Based Finance ;
- Singapore Blockchain Accelerator Nets BMW and Intel Among New Partners;
- R3 Co-Founder Jesse Edwards Is Leaving the Enterprise Blockchain Firm;
- The Crypto ‘Trichotomy’ ;
- @Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach ;
- ? Daily Crypto Calendar, March, 25th?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? Lending Your Crypto: Risks And Rewards Of Virtual Asset-Based Finance
Hats off to the lucky ones, the crypto investors who bought <abbr title="
A type of cryptocurrency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. This term may also be used to reference either the network, protocol, or actual cryptocurrency.
“>bitcoin before market prices began to slide in January 2018. Many did nicely, converted some of their holdings to <abbr title="Government approved currency (dollars, euros, etc.) that isn’t backed by a physical commodity (gold or another commodity).
“>fiat, and retained a sizable pile as a long-term bet.
Now what? How about earning an attractive interest rate on a small portion of those holdings by converting it into fiat and lending it out on a short-term basis to crypto holders who are underwater? Sure, there’d be taxes to pay on what is technically a securities <abbr title="A transaction is a particular action that takes place on the blockchain. In a currency, the dominant transaction type is sending currency units or tokens to someone else; in other systems actions like registering domain names, making and fulfilling trade offers and activating contracts are also valid transaction types.
“>transaction. But what if the interest received is lucrative enough to put that concern aside?
There are a number of crypto lending sites that stand ready to help. Most of those we reviewed charge borrowers interest in the 12-to-22 percent range. The implication is that the borrower is better off with them than a credit card cash advance, which could cost 25 percent or more on an annualized basis. The pitch may also appeal to an individual lender who disdains short-term crypto trading and believes their digital assets will pay off over a long-term investment horizon.
? Singapore Blockchain Accelerator Nets BMW and Intel Among New Partners
Singapore government-backed blockchain accelerator Tribe has gained BMW and Intel as two major strategic partners, local English-language technology news outlet Tech In Asia reported on March 22.
Tribe, which began operations late last year, is the brainchild of Tri5 Ventures, a venture capital firm aiming to support later-stage startups.
Existing partners of the scheme include PwC and South Korean blockchain network Icon Foundation.
? R3 Co-Founder Jesse Edwards Is Leaving the Enterprise Blockchain Firm
Jesse Edwards, one of the co-founders of R3, has left the enterprise blockchain company, CoinDesk has learned.
Edwards, a former Sandler O’Neill investment banker, helped found R3 back in 2014 with CEO David Rutter and ex–Standard Chartered executive Todd McDonald.
In a statement provided by R3 to CoinDesk, Edwards said:
“It’s true that my work here is done and it is time to move on. This has been one of the best experiences of my professional career, and I am incredibly privileged to have worked alongside such a talented and passionate team in building this business. R3 has broken away as the market leader and standout partner of choice for professionals looking to apply this technology to their industries. I couldn’t be prouder.”
? The Crypto ‘Trichotomy’
The crypto space ain’t what it used to be.
In the good old days when bitcoin was the only “cryptocurrency” around, life was much simpler. Then, a few other “currencies” came along, followed by ICOs and things rapidly got much more complex.
Somewhere along the line, folks started paying as much or more attention to the technology underlying bitcoin as to bitcoin itself. Distributed ledger technology (DLT) or the “blockchain” suddenly became household words (well, with slight exaggeration…).
In the roaring months of 2017, crypto pundits, analysts and funds developed various taxonomies of the rapidly diversifying crypto space: exchange tokens, utility tokens, payment tokens, asset-backed tokens, etc. (My personal favorite was Tetras Capital’s, but there were many.)
? @Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic.
The owner of the Twitter handle @Bitcoin believes the account is being restricted for being critical toward the Bitcoin Core (BTC) network and the Lightning Network (LN). Over the last few weeks, several BTC supporters have advocated having the account suspended or reassigned to a group of core developers.
? Daily Crypto Calendar, March, 25th?
KIN at Mobile World Congress in Barcelona.
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”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today, we saw the start of a nice UP on the STEEM, we even broke the resistance line during some hours but unfortunately, the BTC starts to drop and it stopped this nice move. We are now back just under the resistance line and the market is waiting to see in which direction the BTC will go.
Last Updates
- ? Daily Crypto News, March, 24th?
? Daily Crypto News, March, 23rd? - ? Daily Crypto News, March, 22nd?
- ? Daily Crypto News, March, 21st?
- ? Daily Crypto News, March, 20th?
- ? Daily Crypto News, March, 19th?
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Published by Mr. Crypto Lemon
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Posted from my blog with SteemPress : https://mentormarket.io/cryptocurrencies/mr-crypto-lemon/%f0%9f%97%9e-daily-crypto-news-march-24th%f0%9f%92%b0/
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