All 18 crypto assets listed on Voyager posted positive changes in the last seven days. QTUM led the way (+22.7%) with XLM (+21.5%) and VET (+19.1%) following close behind.
The overall positive market sentiment is being attributed to increased institutional interest and a slew of positive announcements from industry leaders. In particular, NASDAQ announced their plans to launch a crypto spot and derivatives market, pending regulatory approval, later this year.
QTUM’s massive rally correlated with the announcement of a partnership with Zeux app, which will enable QTUM transactions through Apple Pay and Samsung Pay. The increased utility for the asset which calls itself “the bridge between the Bitcoin and Ethereum communities, the real world and blockchain world” caused a 41 percent spike, bringing the price to a high of $3.06 Thursday.
Despite the surge from popular altcoins, Bitcoin and Ethereum have remained relatively flat, with each reporting a roughly one percent gain.
What Will it Take for Bitcoin to Move?
Since the start of 2019, Bitcoin has fought against the $4,000 resistance, failing to break over the threshold consistently. Despite Bitcoin’s stagnant price, 24-hour trading volume remains elevated at a near 10-month high of $10.75 billion.
Increased trading volume combined with Bitcoin’s steady rally above February’s low of $3,400 indicates a positive price reaction from the world’s largest crypto asset. All signs point to a breakout above $4,000 for Bitcoin.
But what will it take to spark the next bull run? Likely, the same thing that drove the last one, positive sentiment.
While the cryptomarket leader is lacking a clear directional bias for the tenth straight day, 24-hour trading volume remains elevated near the 10-month high of $10.75 billion seen on Feb. 24, contradicting the popular theory that investor interest drops in a rangebound market. Read more.
On Thursday (March 14th), Qtum (QTUM) surged over 26% after the Singapore-based Qtum Foundation and London-based FinTech startup Zuex delivered some good news: Zuex, which calls itself "The World's First Crypto Mobile Payment and Investment App", would be listing "QTUM tokens in its digital payment wallet, to allow users to spend QTUM for all point-of-sale payments." Read more.
Enter Voyager Digital Ltd. (V.VYGR, Forum) – an emerging cryptocurrency technology company newly-listed on the TSX Venture Exchange (TSXV), through a reverse merger worth a reported US$60 million. Read more.
On Thursday, March 14, The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) released a joint regulatory framework for the regulation of cryptocurrency exchanges in the country. Read more.
United States-based crypto startup Bcause LLC will use Nasdaq's trading, clearing and market surveillance technology, Nasdaq announced in a press release today, March 13. Read more.
United States crypto exchangeBittrex has cancelled its first token sale, dubbed an Initial Exchange Offering (IEO), which it had been planning to host on its Malta-based counterpart, Bittrex International. The news was announced in an official statement published on March 14. Read more.
A Tokyo District Court on Friday convicted Mark Karpelès, the former CEO of the infamous bitcoin exchange Mt. Gox, of illegal production of electronic records, but found him not guilty of more serious charges of embezzlement and breach of trust. The court sentenced him to two-and-half years in prison. However, his sentence was suspended for four years, meaning that as long as he remains on good behavior he’ll serve no additional jail time. Read more.
Famed Swiss investor, analyst and, until recently, crypto skeptic Marc Faber, 73, has bought his first bitcoin in another sign the old guard of investments is warming to crypto. Read more.
An author and partner at venture firm Blockchain Capital, Song made that point repeatedly in a debatewith IBM engineer and Hyperledger Fabric co-lead Chris Ferris at SXSW Thursday, where he told the crowd at the Hilton Austin in no uncertain terms: “You either have control over your stuff or you don’t. It’s a zero or a one.” Read more.
Longtime Mozilla Chief Operating Officer Denelle Dixon has officially joined the crypto ecosystem.
Dixon has joined the Stellar Development Foundation as CEO of the nonprofit organization, which promotes the top-1o cryptocurrency Lumens (XLM). She succeeded the project’s creator, Jed McCaleb, who has moved to the role of chief architect, in which he’ll focus on protocol growth and adoption strategies. Read more.
A Google Chrome browser extension tricking users into participating in a fake airdrop from cryptocurrency exchange Huobi claimed over 200 victims, a security researcher reported in a blog post on March 14. Read more.
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