Cryptocurrencies Market Overview - March 21, 2018

Today in the news:

• The price of bitcoin has recovered beyond the $9,100.
• Twitter CEO Dorsey believes Bitcoin will become the world’s single currency in 10 years.
• Snowden revealed documents that show the NSA worked to “Track Down” Bitcoin users.
• Tether has surprisingly begun issuing new tokens: $300 million USDT.
• And more crypto news below...

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Latest Crypto News - March 21, 2018

Bitcoin Price Breaks $9,000 as Cryptocurrency Market Continues Climb

The price of bitcoin, the most dominant cryptocurrency in the global market, has recovered beyond the $9,000 for the first time since March 14, exactly a week ago.
_{Read more: www.ccn.com}

More sources about Bitcoin's price:

• Bitcoin Price Surpasses $9,100 as Positive Momentum Carries Over
• Markets Update: Bitcoin Back Testing $9,000 in Spite of ‘Death Cross’ FUD

Snowden Releases NSA Documents Showing Bitcoin Was “#1 Priority”

Xkeyscore. MAC addresses. OAKSTAR. MONKEYROCKET. Edward Snowden is at it again. This time the world’s most notorious whistleblower has handed over National Security Agency (NSA) documentation to online investigative news outlet The Intercept revealing an invasive covert program to track bitcoin users using spy tools he uncovered during his infamous first go-round.
_{Read more: news.bitcoin.com}

Other sources:

• The NSA Worked to “Track Down” Bitcoin Users, Snowden Documents Reveal
• Snowden Leak Suggests NSA Is Extensively Tracking Bitcoin Users

Alt-coin bear market is over, but bitcoin is still the best bet: Wall Street's Tom Lee

Thomas Lee, head of research at Fundstrat Global Advisors, said the bear market for small-cap cryptocurrencies is over. But he said he still thinks bitcoin is the best bet for investors.
_{Read more: www.cnbc.com}

Twitter CEO Dorsey Believes Bitcoin Will become the World’s Single Currency in 10 Years

The founder of Twitter and Square has come out and said that bitcoin will become the world’s single currency in 10 years. Speaking to The Times, Jack Dorsey, CEO of Twitter and payments company Square, said that cryptocurrencies using the blockchain would be the next major breakthrough.
_{Read more: coinjournal.net}

Other sources:

• Bitcoin will become the world’s single currency, tech chief says
• Jack Dorsey expects bitcoin to become the world's 'single currency' in about 10 years

G20 and Cryptocurrencies: Baby Steps Towards Regulatory Recommendations

Late last year, when interest in Bitcoin and its price was at its peak, France’s finance minister suggested that there be a public debate of Bitcoin at the G20 summit which concluded this week. The conclusion of this meeting, in regards to where the nations now stand on cryptocurrencies, is that a firm July deadline has been put forward for recommendations on how to regulate cryptocurrencies globally.
_{Read more: cointelegraph.com}

Other sources:

• Official: G20 Calls for Cryptocurrency Regulation Recommendations by July 2018

SEC Dedicates Part of Its Website to Initial Coin Offerings

Most cryptocurrency enthusiasts are well aware that the SEC is cracking down on initial coin offerings. This is not entirely surprising, as the industry raises a lot of questions regarding the legitimacy of creating value out of thin air. The SEC’s website has recently been updated with a page dedicated to initial coin offerings, which is pretty interesting.
_{Read more: themerkle.com}

Tether Starts Printing Again, $300 Million Freshly Minted

Tether has surprisingly begun issuing new tokens once more, with $300 million USDT printed yesterday.
_{Read more: www.trustnodes.com}

Other sources:

• Tether Issues Another $300m as Bitcoin Price Reverses Course
• Controversial Tether Issues $300 Mln In New Tokens, Critics React

Lightning Network DDoS Sends 20% of Nodes Down

Lightning Network (LN) nodes faced a Distributed Denial of Service (DDoS) attack yesterday that sent offline around 200 nodes, down from around 1,050 to 870.
_{Read more: www.trustnodes.com}

Bitcoin Will Become a Basic Utility, Just Like Email

Bitcoin is a protocol (Bitcoin), yet we send bitcoins as if it was money. Is it money or not? It transacts like money, except it is digital.
_{Read more: www.cryptocurrencyguide.org}

Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto, Petro

A Time investigation into the development of Venezuela’s state-backed cryptocurrency, petro, revealed strong anecdotal and circumstantial evidence connecting Russia to its launch. At least two Russians with ties to Vladimir Putin were present at petro’s unveiling, complete with the Venezuelan president’s thanks.
_{Read more: news.bitcoin.com}

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