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๐Ÿ“ฎ 27-03-2020

๐Ÿ“ˆMarketCap:                  $186  B
๐Ÿ“Š24h Mcap %:                  0.50%
⚠️Bitcoin Dom:                 65.50%

๐Ÿ“ŒActive Coins:                2,915
๐Ÿ“24h Vol %:                    3.54%
๐Ÿ’ฒ24h Vol:                    $114  B

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1. Physical Delivery of Bitcoin in Bakkt Futures Rises 44% in March
Physical delivery of Bitcoin (BTC) for futures on the Intercontinental Exchange (ICE)’s Bakkt platform is going strong, despite a tumultuous month for the markets. Data from Arcane Research posted on March 26 reveals that, as of March 20, the number of traders opting to receive physical delivery of the cryptocurrency rose 44% on the month. Also according to tracking data compiled by Bakkt Volume Bot, the volume of traded contracts on Bakkt on March 25 was at 1,161 ($7.73 million). Read Full on Cointelegraph.

2. Gemini CEO Tyler Winklevoss Calls Bitcoin As a Vaccine
On Thursday (March 20), Tyler Winklevoss, Co-Founder and CEO of digital asset exchange Gemini, called Bitcoin a vaccine for the money printing disease. A prominent member of the crypto community on Twitter that immediately agreed with Winklevoss's assessment was VanEck Executive Gabor Gurbacs, Symptoms of the "money printing disease" that Winklevoss is referring to in his tweet are the recent actions of the Federal Reserve in response to the huge economic threat to the U.S. (and world) economy posed by COVID-19. Read Full on twitter.

3. Binance Releases Its Own Debit Card
Binance enters the crypto debit card sector with news of an official Binance Card. Issued by Visa, the card will initially be available in South East Asia, though other regions will be unlocked soon, the company states. During Binance Card’s beta testing period, it will only be available to residents of Malaysia. The card will also be paired with its own app to help manage it, including handling deposits from Binance exchange accounts, viewing transaction history, and changing the card’s PIN. Binance Card's internal balance will be in cryptocurrencies, initially in BNB and BTC. Read Full on binance.

4. Bitcoin's record growth in AUM indicates, bitcoin is here to stay
Kraken’s latest market analysis suggests that Bitcoin’s position in the market has only strengthened over the years, with the crypto-asset about to stick around for a while. According to the report, The number of wallets containing between 0.1 BTC to 1 BTC improved to about 2 million in January 2020, after being around 240,000 in 2014. From an investment perspective as well, Bitcoin’s asset under management or AUM has improved 10x times since 2016, registering growth from $190 million to $18.9 billion. Read Full on kraken.

5. Maker Foundation Transfers Control of MKR Token to Community
The Maker Foundation announced that it has successfully transferred the control of MKR tokens to the Maker governance community. The MKR token contract is now in full control of MKR holders, bringing it closer to complete system decentralization. The process took just over three months to complete, as the first step was initiated on Jan. 10 when the “MkrAuthority” contract was deployed on the Ethereum mainnet. The final step of the governance transfer was completed on Mar. 24, when the owner of the MKR token was set to the 0x0 address. Read Full on Crypto Briefing.

6. UAE Government Containing Coronavirus Pandemic with Blockchain System
The United Arab Emirates' (UAE) Ministry of Community Development (MOCD) has replaced its existing manual systems with innovative technologies such as blockchain technology as part measures to contain the coronavirus pandemic. The agency has stated categorically that it now relies on blockchain systems, chat applications as well as digital identity of citizens to carry out its duties. The UAE is one of the most blockchain-friendly jurisdictions across the globe, with a good number of government agencies already making active use of revolutionary technology. Read Full on Ledgerinsights.

7. Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates
Traders have taken notice of Monero’s 99.5% gain since it dropped to $24.05 a new 2020 low during the March 12 crypto market meltdown. The recent recovery occurred on consistently strong purchasing volume and the altcoin has spent the last 10 days trading in an ascending channel. The XMR/USDT pair has pulled back slightly after touching the main trendline of the ascending channel at $50.96 but the pattern of higher lows has remained intact since March 20 even as pullbacks occur. Currently, XMR facing resistance at $51 and pushing through this level could be a challenge. Read Full on Cointelegraph.

8. Largest South Korean bank will launch crypto custody service
KB Kookmin, the largest bank in South Korea, is set to launch crypto custody service for assets such as bitcoin (BTC) and ether (ETH). As per report, The bank has filed a trademark application for "KBDAC" - KB Digital Asset Custody - with the Korean Intellectual Property Office. The application, filed on January 31, reportedly indicates that the bank could launch the service soon. A trademark application, in general, means that an entity has begun branding products and services and that much of the development work has been completed. Read Full on The Block.

9. HSBC Puts $10B of Private Placements on Blockchain
HSBC has put $10 billion of paper-based private placement records on R3’s Corda blockchain and plans to ramp up the project through this year and next. They are confident that they will be able to put significant additional volume and value of private placements from new and existing clients over the next 12 to 18 months. HSBC told that efforts to increase the functionality of the platform due to client interest are what have slowed its onboarding push. The bank plans to tokenize the private placements after it digitizes them. Read Full on CoinDesk.

10. Microsoft Will Create Cryptocurrency Powered by Body Heat
Microsoft patented an innovative cryptocurrency that will rely on body heat instead of computational power. Microsoft plans to create its own cryptocurrency that will use body activity data instead of computational power for mining. A publicly available patent titled 'Cryptocurrency system using body activity data' was published. According to the patent's description, different kinds of human body activity (such as heat emitted when a user performs a certain task online or even brain waves) can be utilized for mining and serve as a proof-of-work. Read Full on Microsoft.

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