The top news in the last 24 hours are shown below:
Tezos Price Soars after Historic Blockchain Vote
Tezos is a smart contract blockchain which raised $232 million from their ICO in 2017. While the news since then has not always been positive, at least as of late it looks like Tezos has been doing something right. The price in the last three days has shot up an incredible 70% leaving XTZ holders happy and everyone else wondering what Tezos has done to turn their fortune around.
BitMEX’s CEO Suggest That Bitcoin Will See Green Wave in 2019, Surge to $10,000
The co-founder and CEO of the cryptocurrency trading platform BitMEX, Arthur Hayes, has recently made some waves with a new Bitcoin price prediction. Specifically, Hayes argues that Bitcoin will rebound to a $10,000 price point during his year.
”The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. […] $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000.”
BlockFi Lowers Interest Rates for Top Tier Crypto Deposit Accounts
Crypto wealth management and lending company BlockFi has lowered the interest rates for their most significant cryptocurrency deposit accounts, according to an official blog post on March 22. BlockFi launched the BlockFi Interest Accounts (BIA), cryptocurrency accounts supporting Ethereum (ETH) and Bitcoin (BTC), earlier in March. The accounts initially offered a 6.2 percent annual interest paid monthly in crypto. The company’s further analysis showed that almost 75 percent of the clients have a balance of less than 5 BTC or 150 ETH, while the median account balance is $7,000.
Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads
The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving emails informing them about the change in Mercado Livre’s policy. Mercado Livre reportedly stated:
“Mercado Livre clarifies that as of March 19, crypto ads that are active on the site in the ‘used’ condition will automatically be finalized and new ads can only be created as ‘new products’.”
Russian State Duma Defers Consideration of Bill on Digital Financial Assets
The State Duma of the Russian Federation has deferred consideration of the bill “On Digital Financial Assets” to April 2019, local media outlet TASS reported on March 20. The second reading of the draft federal law “On Digital Financial Assets” has reportedly been rescheduled for April, following a decision made at the morning voting on the agenda of the plenary session. The initiative was taken by the Chairman of the State Duma Committee on Financial Market, Anatoly Aksakov, although he did not explain his motives.
India: Police Arrest Four More Suspects in Alleged $14 Million Crypto Scam
Law enforcement in Mumbai, India have arrested four more suspects allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (over $14 million). English-language daily media outlet The Times of India reported on the arrests on March 22. Per the report, the police arrested Ashok Goyal Jaipuria, Asif Malpani, Baljit Singh Saini and Pradeep Arora from Delhi. Several of Goyal’s bank accounts have been reportedly frozen as well since he is allegedly the head of the scheme. The Times of India also states that an unnamed Bollywood actor who reportedly attended promotional events of the scam will likely be questioned as well.