Today's Crypto Updates:
- 99 Out Of 100 Top Coins See Green As Bitcoin Climbs Back Above $9K
- Buterin Presents Blockchain Scaling Solution That Could Make Exchanges ‘Hack Resistant’
- South Korean Government Apparently In Talks To Reverse ICO Ban
Summary Of Today's News:
Crypto markets see green after several days in the red. Vitalik proposes new scaling solution that could help prevent hacks. South Korea may be reversing their ICO ban. Read all about it below!
1. 99 Out Of 100 Top Coins See Green As Bitcoin Climbs Back Above $9K
Source: https://cointelegraph.com/news/99-out-of-100-top-coins-see-green-as-bitcoin-climbs-back-above-9k
Key Highlights:
"The cryptocurrency markets are showing slight positive growth today March 10, with Bitcoin (BTC) rising back up above $9,000 and almost all of the top 100 coins, except one, listed on CoinMarketCap in the green as of press time"
“Total market capitalization for all cryptocurrencies is around $389 bln by press time, on the lower end compared to its February highs over $500 bln, but up from it’s monthly low of $344 bln March 9”
Crypto Phil's Take:
The volatility over the past few days is classic cryptocurrency markets. I still think we're going to slowly but surely climb upward again towards previous all time highs. However, it will probably take many months to get there.
2. Buterin Presents Blockchain Scaling Solution That Could Make Exchanges ‘Hack Resistant’
Key Highlights:
"Vitalik Buterin, co-founder of Ethereum, presented a Blockchain scaling solution called Plasma Cash, an even “more scalable” version of an existing solution called Plasma"
“As for the current practical applications of Plasma Cash, Buterin sees a possibility for crypto exchanges to take advantage of the technology to make themselves more 'hack resistant' ”
Crypto Phil's Take:
I'm glad to see top cryptocurrency developers working on projects that would make hacking and theft harder. Unfortunately this is a problem that has consistently plagued cryptocurrencies due to their decentralized nature. Making this technology more resistant to hacks would be a tremendous leap forward.
3. South Korean Government Apparently In Talks To Reverse ICO Ban
Source:
https://twitter.com/cryptoofkorea/status/972391051653558272?s=21
- cryptoofkorea
Key Highlights:
"Sources say that the Korean FSC has begun discussions to reverse the September ICO ban"
"Despite the ban Korean investors were still allowed to invest in foreign ICOs."
Crypto Phil's Take:
Good news if true, reversing this ban could cause domestic growth as well as bring new money into cryptocurrency markets.
