Binance May Create Fiat-to-Crypto Exchange in Argentina
In a tweet he posted on March 9, the Chief Executive Officer of Binance Changpeng Zhao indicated that his exchange could be creating a fiat-to-cryptocurrency exchange in Argentina.
This tweet was actually in response to a report published by a crypto news site called CoinSpice. The article raised questions about the agreement between the exchange’s social impact and investment division, Binance Labs and the Argentinian government, which was to co-invest in Blockchain based projects backed by Binance. CZ, as the CEO of Binance is more popularly known, posted a question on Twitter, asking followers to guess where the next fiat-to-crypto exchange was going to be created.
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Venezuelan Economist Says Cryptos are Good Money
According to Professor Aaron Olmos, Venezuela’s most outspoken economist and staunch supporter of cryptocurrencies, the adoption of cryptos could play a role in rebuilding the country’s economy. Olmos has been lecturing about Blockchain technology and cryptos for the last two years, and even leads a program on this subject for the country’s most prestigious business college, IESA.
In an interview, Olmos explained the reasons why his country was so dependent on the dollar and how the current economic situation had led to increasing adoption of cryptocurrencies. He stated that the dollar and cryptos could be termed good money, while the country’s fiat currency, the bolivar, was bad money.
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SEC Seeming to Ease Its Stace on ICOs
Based on the notices, guidelines and statements being issued by the US Securities and Exchange Commission (SEC), the agency seems to be softening its stance against ICOs (initial coin offerings).
Since the DAO investigation was kicked off by the SEC in July of 2017, the watchdog has regularly been issuing guidelines as well as advisories against ICOs to investors. At first, these notices were warnings to highlight the possibly dangerous nature of the ICOs, however, now, these notices have taken on a much more balanced tone. The SEC is now treating ICOs as an accepted feature of the changing financial landscape that still require some caution on the part of investors.
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Total Market Cap: Mar 11
With trading volumes at $30.69 billion at the moment, the capitalization of the cryptocurrency market is now $134.52 billion.
Bitcoin Price Analysis: Mar 11
Bitcoin is starting the week up by 0.09%, with a trading price of $3947.35. Capitalization of the digital asset stands at $69.40 billion and volumes of trade at $9.64 billion.
Ethereum Price Analysis: Mar 11
Ether starts the week down by 0.15%, with a token price of $136.71. Volumes of trade are at $4.47 billion, and capitalization at $14.38 billion.
State of the Top 10 Cryptocurrencies: Mar 11
Stellar has started the week on a high note, with its token price going up by 8.09% in the last 24 hours. All the other cryptos in the top ten list are trading marginally down or up. EOS has the biggest losses, with its token price down by 1.16% at this time.
- Bitcoin’s trading at $3947.35, up 0.09%. At the time of writing, the crypto’s cap is $69.40 billion.
- Ethereum’s trading at $136.71, down 0.15%. At the time of writing, the crypto’s cap is $14.38 billion.
- Ripple’s trading at $0.312688, up 0.20%. At the time of writing, the crypto’s cap is $12.95 billion.
- Litecoin’s trading at $56.78, down 0.77%. At the time of writing, the crypto’s cap is $3.45 billion.
- EOS’s trading at $3.68, down 1.16%. At the time of writing, the crypto’s cap is $3.33 billion.
- Bitcoin Cash’s trading at $131.61, down 0.46%. At the time of writing, the crypto’s cap is $2.32 billion.
- Binance Coin’s trading at $14.53, up 0.81%. At the time of writing, the crypto’s cap is $2.06 billion.
- Tether’s trading at $1.01, up 0.38%. At the time of writing, the crypto’s cap is $2.01 billion.
- Stellar’s trading at $0.0101322, up 8.09%. At the time of writing, the crypto’s cap is $1.94 billion.
- TRON’s trading at $0.022834, up 0.33%. At the time of writing, the crypto’s cap is $1.52 billion.