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One Stop Cryptocurrency News Cast For Today ?

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๐Ÿ“ฎ 22-03-2020

๐Ÿ“ˆMarketCap:                  $168  B
๐Ÿ“Š24h Mcap %:                  -3.04%
⚠️Bitcoin Dom:                 65.20%

๐Ÿ“ŒActive Coins:                2,901
๐Ÿ“24h Vol %:                    -10.50%
๐Ÿ’ฒ24h Vol:                    $128  B

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1. Tim Draper Sees Potential in DeFi
Tim Draper, the billionaire and Bitcoin bull who has backed Tesla, SpaceX and Coinbase, is making moves into decentralized finance. He is now investing in DeFi Money Markets DAO (DMM DAO). DMG, soon-to-be-released governance token offers holders the right to vote and direct the system that bridges the gap between real-world assets and the new on-chain economy. The DMM Protocol is a bridge between Ethereum digital assets and real-world assets and aims to leverage blockchain to solve a global problem of how to earn passive income. Read Full on medium.

2. Crypto Fund Manager Calls Bitcoin a ‘Hurricane Insurance’
Travis Kling, the chief investment officer of crypto investment firm Ikigai Asset Management, has described Bitcoin (BTC) as insurance against both hurricanes and U.S. fiscal policy. Kling told that an oncoming hurricane will soon hit the U.S. economy and “do a lot of damage.” However, all is not lost, with Kling advising that the recent crypto market crash has made half-priced hurricane insurance available to all. Kling also mentioned BTC as an insurance policy against the largest monetary experiment in human history. Read Full on Cointelegraph.

3. Three Arrows Capital CEO: Bitcoin (BTC) Price May Hit $50,000 Relatively Quickly
The CEO of Three Arrows Capital, Su Zhu, believes that Bitcoin has a chance of reaching the $50,000 level ‘relatively quickly’. He told several emerging markets are about to face sovereign defaults. He also mentioned the recent $700-bln quantitative easing initiative by the US Fed. This has set the US on an inflationary course, which will be hard to reverse later on, he noted. Due to the current economic situation forming in the world, Su Zhu told, the price of BTC may surge to hit $50,000 if Bitcoin manages to hold its current levels. Read Full on twitter.

4. Payment Provider NetCents Readies Crypto Credit Card
Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. The NetCents credit card promises users will not have to pre-load cryptocurrency onto their cards. The NetCents card is directly tied to each user’s wallet, which allows cryptocurrency to be spent in real-time. The company has adapted its instant settlement technology to allow merchants to convert funds into fiat at time-of-purchase. Read Full on Cointelegraph.

5. Tim Draper Willing To Invest In Indian Crypto Startups
Billionaire Tim Draper, is now hopeful that the crypto market can flourish in india due to the recent judgement from India's Supreme Court’s on crypto ban. He said, Indian government have shown that the best ideas ultimately prevail, and just in time, because the benefits of Bitcoin and crypto over current systems will become apparent during this crisis. After the judgement, Draper recently had made a trip to India and interacted with some of the key Indian crypto ecosystem stakeholders and hopes to be able to fund a number of them. Read Full on Inc42 Media.

6. Bitcoin will Rally to $20k Within 12-18 Months Says the Ex-Goldman Sachs Exec
Raoul Pal — ex-head of Goldman Sachs’ equity derivatives business and the current CEO of Goldman Sachs — remarked that he thinks the price of Bitcoin will rally to its $20,000 all-time high within the coming 12 to 18 months, despite the current crash seen in global markets. The former Goldman Sachs executive previously told prominent industry podcaster Stephan Livera that all popular asset classes are extremely expensive, except for Bitcoin and cryptocurrency. Read Full on Youtube.

7. IMF Weighs On Pros and Cons of a Central Bank Digital Currency
In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed of a central bank digital currency (CBDC). Zhang pointed toward greater efficiency and lower costs associated with a CBDC. The director also said CBDC may provide a public digital means of payment without requiring individuals to hold a bank account, however such an asset could steer customers away from banks, as well as strain central bank balance sheets. Read Full on Cointelegraph.

8. Justin Sun Reports Recent Milestones Reached by Tron
On Sunday, March 22, Tron CEO Justin Sun shared a recent milestone achieved by the Tron team. Data from Tronscan shows that the overall number of contracts launched on Tron has now exceeded to 30,000. Another achievement Justin Sun sahred is that the number of decentralized apps launched on Tron is growing a steady pace. The number of TRON Dapps reached 719 with 5 new ones added with Average active users grew by near 12% week-by-week and trading volume stayed stable. Read Full on U.Today

9. Italian Red Cross Coronavirus Bitcoin Fundraiser Issues New Initiative
On March 12, Italy’s Red Cross launched a BTC fundraising campaign to purchase an advanced medical post for pre-triaging coronavirus cases. Just three days later, the Red Cross announced that its goal of around $10,710 (€10,000) had been reached and that it had begun purchasing the materials needed to deploy the pre-triage facility. The charity organization has now set a goal of almost $26,000 to purchase equipment for emergency operations. As of the time of writing, the new campaign has raised 75.7% of its target from 55 donations. Read Full on Cointelegraph.

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