Prices
Bitcoin has grown by 16% this week to $ 9,000. The rise in prices was across the cryptocurrency market. It is also likely the result of higher trading volumes. Thomas Lee of Fundstrat made a prediction of the prices on the Bitcoin saying that it will reach $ 91000 to March 28, 2020 Morgan Stanley compared the Bitcoin with the crisis of the dot-com .
The Ethereum have grown by 4% this week to $ 539. As usual, it supports bitcoin when it is restored. At the moment, strong failures in Bitcoin are not expected, many analysts expect a strong and active week in the cryptocurrency market.
This week, the entire cryptocurrency market grew by 10%. Although the market moved mostly in flat, it seems to have stabilized and become stronger.
Regulation:
Twitter announced this week that it prohibits the use of cryptocurrency ads and limited-exception ads. Last week there was a similar ban from Google. Facebook banned advertising for cryptocurrency in January.
No Petro: trump signed an order this week forbidding U.S. citizens to participate in transactions associated with "Petro" in Venezuela. At the moment, it is unclear how this will be observed . Petro has reportedly encountered many obstacles, but has already attracted $ 5 billion . The coin was outlawed by the Venezuelan Congress, despite the support of the President.
The G20 calls for the release of a report on cryptocurrencies by July.Some countries, such as Brazil, have already announced that they will not regulate cryptocurrencies. This is a matter of great concern to governments seeking to prevent money-laundering .
Hong Kong: Hong Kong finally banned Black Cell ICO this week. Despite repeated warnings, this was the first actual action in China. This comes amid local news, referring to the many workarounds that Chinese citizens and investors use to participate in the cryptocurrency markets.
Start-ups
Overstock has announced that It will invest $ 3 million in Bitt, a blockchain - based payment provider that serves the Caribbean region. It is known that the Caribbean have underdeveloped financial institutions, and investors hope that Bitt can change this.
ICO: world-famous boxer and Senator of the Philippines, Manny Pacquiao became the latest celebrity promoting investment in ICO global Singapore trading platform Crypto (GCOX). The launch allows celebrities to create their own cryptocurrency, which fans can use to pay for access to exclusive content.
VCs love CryptoKitties: the Wildly popular Ethereum app. CryptoKitties raised $ 12 million in a round of financing led by venture companies Andreessen Horowitz and Union Square Ventures (USV).
