Crypto Market Update: 3-17-18

About 95% of the coins in the market are in the red for the day.

Here is a list of the top news:

1. Breaking: Trustee Of Infamous Mt. Gox Denies BTC, BCH Sales Affected Crypto Markets
2. Major Canadian Bank Files Patent To Make Credit Scores ‘Transparent’ Via Blockchain
3. Bitmain Announces New Monero-Mining Antminer X3, Crypto’s Devs Say Will ‘Not Work’
4. China Gov’t-Linked Investment Org Plans Int’l Blockchain Center, Leaked Doc Says
5. Luxembourg’s Financial Regulator Issues Warning Against Cryptocurrencies and ICOs

Conclusion: I think that the Mt. Gox article will be pretty controversial for the next week or so. There was 850,000 BTC lost during the hack in 2014, and a trustee of Mt. Gox is currently denying the fact that the sales of BTC & BCH affected the drop in the market. These sales are part of an attempt to refund users who lost money back then in the hack. I really don't have that much of an opinion on this, except for the fact that its kind of silly that this trustee is still, 4 years later, trying to refund the users and hasn't completely done it yet.

Disclaimer: (I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.