The cryptocurrency community had witnessed quite an eventful week. With the bearish markets back, cryptocurrencies continued to plunge further into recession during the past week as the total market capitalization went down 20% to reach its record low of $258 billion since November 2017.
Major Cryptocurrency Headlines – March 31, 2018
US Introduces First Blockchain Mobile Voting App: The West Virginia government launched a Blockchain-based mobile voting App which will be made available for US military voters during the primary elections in two West Virginia counties from March 23 until polling day May 8.
China’s Central Bank to Launch Major Crackdown on Cryptocurrencies This Year: The People’s Bank of China (PBOC) says it will put cryptocurrency on the top of its priority this year. While making some comments on cryptocurrencies, the chinese central bank vice governor Fan Yifei announced that cryptocurrency will be its top agenda for the coming year, an effort by the bank to protect the Yuan currency.
Twitter Bans All Crypto-Related Advert: Cryptocurrency Advert ban has recently become a trend for social network platforms, as Twitter announced on Monday that it will no longer allow advertising for certain Cryptocurrency products and services.
Nvidia CEO: Bitcoin And Blockchain Is Here To Stay: Jensen Huang, CEO of one of the largest GPU Manufacturing firm once again sounded his believe for cryptocurrency and the blockchain technology. In an interview with CNBC on March 29, Jensen Huang stated that the widespread use of cryptocurrencies would ensure the endurance of Bitcoin and altcoins in the long term.
American Bitcoin Trader Convicted For Crypto Money Laundering: The federal jury in Phoenix convicted an Arizona Bitcoin trader who operated a peer-to-peer Bitcoin exchange platform after he was found guilty of five counts of drug money laundering.
Two Turkish Imams Fired for Possessing Bitcoin: Turkey’s Presidency of Religious Affairs have removed two officials from office for allegedly investing in Bitcoin. Both Mecit K and Satilimis B were religious officials working around the Zonguldak region.
Starbucks To Use Blockchain To Track Beans Evolution: American Coffeehouse company Starbucks is launching a pilot program to trace coffee beans from farmers to consumers. The coffee chain wants to bring a “positive impact to small farmers in their supply chain”.
Events of Blockchain Startups During The Week
Etherium’s Founder Partners with OmiseGo To Donate $1 Mln To Refugees: Givedirectly, in a recent blog post reported that Omisego with Vitalik Buterin co-founder of Ethereum made a “generous” contribution of $1 million (in OMG-Omisego tokens). This donation will be helping the refugees living in extreme poverty.
Ripple Donates $29 Mln in XRP To American Public School Charity: Cryptocurrency Startup Ripple has offered to donate $29 million worth of XRP to an American Charitable Organization for Public School projects. The donation was made through DonorsChoose.org, a non-profit organization that allows individuals to donate directly to classroom projects in public schools.
Bithumb Provides Cryptocurrency Payment Sevice for Physical Stores across S. Korea: Major crypto exchange Bithumb announced Monday that it has formed a partnership with ‘Korea Pay Services” in a quest to “expand [its] cryptocurrency off-line payment services.” The association will provide more than 8,000 points of sale of virtual currencies before the end of the year.
Huobi Registers with FinCEN Ahead of US Launch: Major cryptocurrency exchange Huobi has registered with the US government as a money services business ahead of its planned deployment into the American market.
Telegram Raises $850 Mln in Second ICO Funding Round: Mobile messaging app Telegram have raised $850 in the second presale of their Initial Coin Offering (ICO). The Telegram ICO has now raised a total of at least $1.7 billion exceeding its initial target of $1.6 billion.
Upbit Introduces New System To Identify Crypto Fraud: The Kakao-based exchange has invited all its users to use its newly developed system to identify multi-level, illegal scams posing as cryptocurrencies or initial coin offering (ICO) tokens. The exchange promises to pay a 1 million won (USD $930) reward to the original complainant of an illegal scheme.
Bitfinex Adds Support for British Pound Sterling and Japanese Yen: The Hong Kong-based cryptocurrency exchange Bitfinex has listed new fiat pairs on its trading platform which includes the British Pound Sterling and the Japanese Yen, as well as the enabling of deposits and withdrawals.
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