HomeCryptocurrencyWeekly RoundupWeekly roundup March 4 – March 8

Weekly roundup March 4 – March 8

this week

This week provided a lot of interesting headlines in the crypto space while bitcoin still remained fairly indecisive. Catch up on the details!

Bitcoin charts getting exciting again?

Bitcoin’s price remained largely in the upper $3,000 range this week. It still appears unclear whether the asset has bottomed in price yet, or if the market is yet to see lower prices before an overall reversal to a bull trend.

The low $4,000 range seems to be a difficult zone of resistance for BTC. It will be interesting to observe what will happen if price makes another run at that price zone.

Read on Crypto Insider

TrueUSD partners with Armanino, announces real-time stablecoin confirmation

This week saw TrustToken, with its TrueUSD stablecoin, partner with top accounting firm Armanino, according to a press release given to Crypto Insider. This partnership will allow the public to see TrueUSD fund backing confirmation in real time.

Armanino constructed a dashboard, which includes third-party validation, exclusively for TrustToken. The dashboard will help add transparency in confirming TrustToken funds.

Read on Crypto Insider

Coinbase transitions Neutrino team members out

In a March 4 blog post, Coinbase CEO Brian Armstrong wrote details of Coinbase’ decision to “transition out” Neutrino staff. “[T]hose who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase,” Armstrong wrote in his Coinbase blog post.

Tron joins up with Tether to see USDT on Tron blockchain

CoinTelegraph’s article on the subject mentioned the new USDT asset should be introduced to Tron’s blockchain by quarter two of 2019.

Binance Coin pumps, shows bear market strength

In a recent video, Crypto Bobby YouTube host Rob Paone related BNB’s gains to the Binance Launchpad. The Launchpad has hosted multiple new popular initial coin offerings (ICOs), with BNB as the only avenue to invest in such ICOs.

Paone compared the current BNB situation with that of ether during 2017’s ICO boom. Back then, many ICOs were launched on Ethereum’s blockchain, with investors using ETH to invest in those ICOs. Paone posited a similar application might now be true of BNB token usage.

Bitcoin mining sees growth after 19-month low

“The gross margins of the miners went down from 94% at the beginning of 2018, to 32% at the beginning of 2019. But in February, the gross margins rose up slightly to 39%,” Crypto Insider said based on Diar’s data.
Bitmain reportedly also has seen possible increased mining interest according to certain product sales.
Since last weeks roundup, Crypto Insider also posted an interview with Brickstring Tech, aka Patrick Miller, and wrote an article on crypto taxes. Additional articles from this week include a dive into shopping with Lightning Network and a look at AZ FundChain.
Written by

BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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