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European Central Bank on Bitcoin, Coinbase now supports XLM and more

Jibin M George

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Daily Crypto News – 15 March

Court’s verdict on Mark Karpeles: Tokyo’s District Court ruled that Mark Karpeles, CEO of doomed crypto-exchange, Mt. Gox, was only guilty of electronic data tampering

Read more at https://bit.ly/2ClDU54

Coinbase adds wallet support: Many in the Twitterverse were thrilled when Coinbase announced wallet support for XRP

Read more at https://bit.ly/2O5xQlJ

Qatar welcomes R3: Qatar’s Commercial Bank joined R3’s Corda ecosystem for the development of blockchain applications and solutions

Read more at https://bit.ly/2TaZXAU

SEC Chief on Bitcoin ETF: The Chairman of the U.S Securities and Exchange Commission, Jay Clayton admitted being on the fence with respect to the approval of a Bitcoin ETF

Read more at https://bit.ly/2TatzP0

Roger Ver on Lightning Network: Bitcoin Cash’s Roger Ver confounded a lot of Twitter users after he said altcoins were now BTC’s layer two solution

Read more at https://bit.ly/2XZ5zSI



OKEx claims record trading volume: Crypto-exchange, OKEx claimed it had recorded $2.4 million in crypto derivatives trading, while offering no data to back it up

Read more at https://bit.ly/2HzIAaP





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Jibin M George is a graduate in International Relations and Law with a growing interest in the world of cryptocurrency and blockchain technology

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Bitcoin

Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%

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Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.



Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”





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