March 4, 2021

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Shortly from the Cryptoworld 10/03 | Wall Street Trading Suspended, Bittrex and more

2 min read
Shortly from the Cryptoworld 10/03 | Wall Street Trading Suspended, Bittrex and more

Wall Street Trading Suspended!

 

It was very hot on Wall Street. Already on Sunday (together with Bitcoin) began a massive oil sale. In the past 24 hrs, this commodity has been nearly 40% loss. The stock market opened for traders only after lunch. Due to the big sale, the indices were not traded for long. To protect against coronavirus panic, trading was temporarily stopped. Almost all indices lost around 7% before the unusual suspension.

 

Crypto industry continues to fight coronavirus

 

Crypto community continues to help combat coronavirus. Binance Chatity donated capital and supplies to hospitals and sick people to better fight infection. On March 9, Binance completed its second round of financial and material support in China. They want to continue to fight against coronavirus during the coming weeks. More details.

 

Bittrex Global adds new features for traders

 

Bittrex Global announced the addition of new features to its platform, including credit card support, affiliate program and other mobile app innovations. Credit card support will be available to Bittrex Global users in the UK, Germany, France and the Netherlands. More details.

 

Bitcoin ETF in not sight? Rather, we will probably see central bank stablecoins

 

After the US Securities and Exchange Commission (SEC) rejected the latest and most recent Bitcoin ETF approval request, this time from Wilshire Phoenix, a number of experts on the CNBC program spoke on this topic. They agreed that the Bitcoin ETF approval is unlikely to come in the foreseeable future, and it is more realistic that we will first see the central bank cryptocurrencies. More details.

 

DLT can improve the financial system. But central banks must be careful

 

The topic of central bank cryptocurrencies and the challenges they are facing and will face was also discussed during the Bitcoin Expo 2020 at the Massachusetts Insittute of Technology (MIT). The participants agreed that new technology can improve the current financial system, but central banks must be very careful in its implementation. More details.

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