Cryptocurrency News: End of March News (Binance, Coinbase, Ripple, Enjin, Request, Stellar)

Market Situation:

The market still struggling with most cryptocurrencies losing around -20% of the value this week.

Current prices:
BTC = around $7k (-20%)
ETH = around $400 (-25%)
XRP = around $0.50 (-21%)
NEO = around $50 (-25%)
IOTA = around $1.10 (-19%)
VET = around $2.50 (-31%)

The market seems to be stabilising for now but hard to predict what will happen next.

Ripple $29M donation:

On 27th of March it was annouced that Ripple has donated $29 MILLION to fully fund every single classroom project on DonorsChoose.org website

DonorsChoose.org is a United States–based nonprofit organization that allows individuals to donate directly to public school classroom projects.

This is the biggest donation the website has ever recieved.

Because of that Ripple was featured on the popular ‘The Late Show’ by Stephen Colbert

Coinbase ERC 20 token support

On 26th of March it was annouced that Coinbase will support the Ethereum ERC20 technical standard for Coinbase in the coming months. This means there will be plenty of new cryptocurrencies coming to Coinbase.

The have no annouced any specific assets yet. There will be a lot of speculation in the upcoming months.

It is safe to assume that any asset that will be annouced will skyrocket in price so purchase of that crypto asap would be recommended.

I also believe that this should be good for ETH price in a long run.

Binance crypto-fiat exchange

Binance – the worlds biggest cryptocurrency exchange has annouced that they will be launching a “fiat-to-crypto exchange.

According to the CEO, the company is close to signing a deal with the local banks to secure deposits and withdrawals.

This would mean that it will directly compete with Coinbase which could explain why Coinbase has annouced that they will start supporting ERC20 tokens.

In order to make it work Binance will be moving to Malta due to regulations.

Stellar Lumens and IBM

“Stellar is part of the IBM Blockchain platform strategy,” says Jesse Lund, IBM Blockchain vice-president in the recent AMA.

The partnership was annouced on 16th of October but the key details were explained in the AMA:
– IBM is already using Stellar Lumens live, for cheaper and faster cross-border transactions.
– Stellar Lumens are intended to be the primary bridge asset in IBM’s universal payments solution.
– The Stellar distributed exchange will be a centrepiece of future strategies.
– IBM currently has no plans to issue its own token and is instead pushing Stellar Lumens as the coin for its clients.

Request Network partnership

On March 23rd Request Network announced partnership with PwC France (PricewaterhouseCoopers)

PwC is developing its advisory, audit and accounting engagements in France and French-speaking Africa by leveraging an industry-specific approach.

The aim of the partnership is to create the future of services such as smart auditing, accounting and in general business transformation. The PwC team will receive training from the Request Network foundation to be enable to onboard and educate their clients to blockchain and Request Network.

Enjin Coin Partnership

Enjin, a virtual goods platform for gaming, announced an Asset Store partnership with Unity Technologies.

Unity Technologies is creator of the world’s most widely used real-time development platform.

Enjin SDK will allow Unity game developers to create and manage democratised virtual goods in their existing and upcoming games — enabling them to grow and retain their user base, increase revenue, prevent fraud, regulate in-game economies and 3rd party virtual item marketplaces

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Love you but keep in mind that this is not a financial advice!

Cryptocurrency News: End of March News (Binance, Coinbase, Ripple, Enjin, Request, Stellar)

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Kane Dane