Upcoming Cryptocurrency Chia Aims To Challenge Bitcoin’s Throne (BTCManager.com)
Issues of scalability, volatility, and speed have plagued Bitcoin, slowing the promise it once showed. But, a promising startup called Chia Network aims to capitalize what the flagship cryptocurrency started, minus the mistakes made by the current largest cryptocurrency. Neither Consuming nor Wasting Electricity: The Promise of Chia: The firm is currently raising funds from Silicon Valley investors to build their own blockchain powered by a new, novel, ‘proof-of-space’ technology, rather than proof of work (PoW) that bitcoin uses. It does not consume electricity or in the founder Bram Cohen’s words, “waste electricity,” like bitcoin.
Two More Japanese Cryptocurrency Exchanges to Shut Down as Regulations Tighten (CoinJournal.net)
Two Japanese digital currency exchanges, Mr. Exchange and Tokyo GateWay, will be closing operations and returning customers’ cash and cryptocurrency holdings. These two exchanges are following the lead of three other Japanese exchanges, Raimu, bitExpress and Bit Station, which have also announced that they will be halting operations in Japan. In 2017, Japan became the only country in the world to oversee the exchange of cryptocurrency at the national level. The Japanese Financial Services Agency (FSA) initially licensed eleven exchanges in September of last year. In early December, the FSA licensed another four, and at the end of December, it licensed a sixteen exchange.
Monero Price Dips Even Lower as the Entire Cryptocurrency Ends the Week’s Trading in the Red (FXStreet.com)
Monero price has been bearish throughout the trading sessions this week. The upside momentum has been capped below $212; however, it has traded mostly below $200 level. The market capitalization has remained steady with an average of $3 billion. Monero is not the only currency on the lower end of the scale; the entire cryptocurrency market has been engulfed in increasing bear pressure. According to the analysis of Monero price on Thursday 29, XMR/USD failed to hold above the support level at $185. The downside trend broke past another key support zone at $180.00 and recorded lows of $162.42 on Friday. The price bounced back but lacked the momentum to trade above $180.
Netherlands’ Central Bank Recognizes Ripple (XRP) As Excellent Real-Time Payment Infrastructure (TheIndependentRepublic.com)
Ripple (XRP) – An offshoot of the Central Bank of Netherlands, National Forum on the Payment System has cited Ripple has one of the tangible innovations that “can increase the efficiency of the payment system, through greater speed, greater convenience or cost savings.” In a Research tagged “Annex To The Vision On Innovations In The Payment System,” the forum revealed that “the Ripple network protocol is an example of an innovation that could contribute to that change by enabling banks to use this infrastructure to facilitate real-time payments.”
New Updates on Ripple [XRP]’s Listing on Uphold (AMBCrypto.com)
Uphold, a digital wallet recently announced the listing of XRP on its wallet. This allows users to buy and sell XRP directly from their Uphold wallet. In addition to this, Uphold is offering Zero transaction fees on the first 5 million XRP purchase as a celebration offer to its users. Uphold even organized a poll on 20th March on Twitter asking its members which cryptocurrency they would like to see listed on the platform. XRP won the poll with 51% of 12000+ votes. Since XRP was already on their mind and an overwhelming support towards XRP boosted their confidence to list the coin on the platform.
Antigua and Barbuda to Set Up Cryptocurrency Exchange (AntiguaObserver.com)
The Antigua and Barbuda government is moving to set up a cryptocurrency exchange as it looks to cash in on the global wave of financial technology (fintech). Legislation is expected to go before the parliament shortly to set up the relevant legal framework. “Antigua and Barbuda is determined to be on the cutting edge of the new system of creating wealth with the expectation that the Exchange will generate non-tax revenue for the Treasury,” a government statement read.
