Another adventurous crypto week. Did you have fun? BTC once again saw heavy selling on Monday, after the news that the Fed was taking emergency measures to mitigate the financial devastation, Coin Metrics found that it's the short-term traders again who have been driving the most recent sell-off, and interest in Bitcoin futures dropped amid discussions of financial market closure. But then, Bitcoin rallied on Thursday, while Chainalysis says that BTC oversupply issue is solved and the price gained some stability; also, a relief is coming to miners too as mining difculty is set to drop. Bitfinex onboarded a USD 280 million crypto hedge fund Fulgur Alpha, and BitMEX explained the recent DDoS attacks to the doubting customers and refunds BTC 40. Meanwhile, Steem is moving to Hive network.
We've got more: Hdac launched the first dapp on its blockchain network, Toyota and BUIDL completed testing a new personal ID and vehicle ID platform, Westworld developed a blockchain angle for its new season, American users of Opera are now able to use their debit cards or Apple Pay to buy BTC and ETH, and the Chinese province of Yunnan opened a new blockchain center. While Nouriel Roubini proposed a tokenization-sounding solution to the pandemic-caused financial crisis involving commodifying toilet paper, Mike Novogratz said that BTC will need to rebuild confidence post-crash. We also looked into whether South Korea is teaching kids about crypto via the Yeep platform, co-developed by the Ministry of Education, and if the Russian central bank could try to ban BTC mining. Meanwhile, 18 more EthCC attendees tested positive for coronavirus, but Vitalik Buterin confirmed he had no symptoms.
And now, time for some laughs and giggles and chuckles and chortles...you get it.
As is not a tradition, let's first see what crypto twitter is up to before we do anything else.
"The world economy is collapsing, an epidemic is slowly killing us and we nearly experienced a war"— TEDDY (₿) (@TeddyCleps) March 8, 2020
I bet retail will fomo buy this dip pic.twitter.com/QtXDbXUU0w
Millennials' present is no walk in the park, but the future is apparently quite green.
Headline in 5 years: “See how this Millennial turned their $1,000 stimulus check into $19.5M by doing this one thing.”— Douglas A. Boneparth (@dougboneparth) March 18, 2020
Wait, let me check that with the past.
This throwback bitcoin is more tragic for some than the others.
— CryptoChimp (@Cryptanzee) March 15, 2020
Can we have more?
How it feels to visit coinmarketcap once a day: pic.twitter.com/18kXdZShZk— light (@LightCrypto) March 10, 2020
Haven't developed an immunity.
Y’all never traded altcoins and it shows.— Nobody Gooutside Jones (@Nobodyjones221) March 9, 2020
You can't be immune to this.
GUYS I WAS WRONG THE BANK RUN IS REAL. WTF I CANT GET ANY OF MY CASH OUT, LITERALLY SHAKING RIGHT NOW https://t.co/44pjhXyGPc— Charles (@CryptoCharles__)
I wonder how he's handling it now that BTC is at USD 5K. The man must be in hell.