Weekly letter of most important stuff we’ve seen previous week in crypto world with personal comment Whole week major drivers Last week main force was driven by attempted Binance hack (details below). Fortunately, an attack was detected and stopped. That lead to rumors on markets and sell off. It was the first time since few months which we can observe problems for one of the biggest exchanges, so it could be a new thing for many new crypto traders. Market capitalization is still between 350–500 million dollars, which gives Bitcoin price ranging between 8500 and 9700 USD. The volume is slowly decreasing and that should be final week within that levels. Just hard to say what news will trigger the direction of movement. From coinmarketcap.com Why do we think price of Bitcoin is so important, even if now it accounts only for about 40% crypto market cap? Because it still accounts for almost 80 % of transactions value in USD. Cryptocurrencies volume. From bitinfocharts.com. Follow us on and and share this story. This really helps us. Twitter Facebook Price action Last week, all main coins noted selloff. The only winner for this week is NEM which raised about 8%. 5 —12th March 2018 prices fall. From coin360.io. Major events On March 7, Binance suspended withdrawals as it investigated unauthorized market trades. Users were reporting strange trades on their accounts and VIA/BTC market experienced abnormal activity. Binance says the issue only affected those with registered API keys and all funds were automatically blocked and no funds were stolen. Later Binance announces a bounty for capturing attempted hackers and placed a $250K equivalent bounty to anyone supplying information that leads to the legal arrest of hackers involved in the attempted hacking. Binance almost hacked Japan — Mt Gox trustee Nobuaki Kobayashi admits sold on the market around 35,000 BTC and 34,008 BCH Mt Gox was the first large bitcoin exchange and robbed thousands of people of millions of dollars before going insolvent.The trustee has sold enough to cover the current Mt Gox clients liabilities or very close to it. At this current moment, there is no reason to sell anymore. The trustee is still in possession of around 166,000 BTC. The rest of bitcoin will just stay put until court decide if civil rehabilitation will pass or not. This could take months or even years before they figured out who gets the rest of the bitcoin, and how they will disperse it. Coinbase is creating crypto index fund Coinbase the digital currency giant recently announced that they will launch a passively managed cryptocurrency index fund. The fund will have a $10K minimum and an annual 2% management fee and it will include all digital currencies that trade on GDAX, weighted by market cap. Bittrex is working on adding USD and removing Tether Bittrex one the biggest cryptocurrency exchange might soon dump Tether. According to the CEO Bill Shihara team analyzes how atomic swaps and decentralized exchanges can possibly effect on Bittrex. Thank you for reading whole story! Our next “What changed in crypto” issue is due on March 19th, 2018 Visit our , follow us on and and share this story. This really helps us. website Twitter Facebook
