March 10 Daily report: Bitcoin Corrects From $55K, ‘Game changer’ for Maker and Ethereum, JPMorgan featuring MicroStrategy and Square, Ripple and XRP enjoy the trust of many banks and Crypto Whales Accumulate Ether

Bitcoin Corrects From $55K –BuyUcoin: The biggest news stories of the day

On a busy day for news, here are the standout stories from the world of crypto in our best of the day’s segment.

1. Contents hide

   1. Bitcoin Corrects From $55K

   1.1. What Do Experts Say About the Bitcoin Price in 2030? A Glimpse Into BTC’s Future

   1.2. 5 Things to Consider Before Investing in Cryptocurrency

   1.3. Tax on Cryptocurrency In India – Complete Guide 2022

   1.4. What Online Industries Affect The Growth of Crypto the Most in 2023?

   1.5. New Cryptocurrency Bill Advances to Senate in Brazil

   Bitcoin Corrects From $55K

Bitcoin price extended its rise above the $55,000 resistance against the US Dollar. BTC is correcting lower from $55,800 and it could find bids near the $52,500 zone. There was an upside extension in bitcoin above the $54,500 resistance zone. BTC even cleared the $55,000 resistance and settled well above the 100 hourly simple moving average.

Read more on Bitcoin Weekly price update

2. ‘Game changer’ for Maker and Ethereum with Optimism Dai bridge announced

The Dai stable coin produced by decentralized lending protocol MakerDAO is getting some speed and fee enhancements with its forthcoming upgrade on layer-two. Ethereum scaling solutions provider Optimism will provide the technology as announced on the MakerDAO forum on March 9.

3. JPMorgan launching ‘crypto exposure basket’ featuring MicroStrategy and Square

JPMorgan Chase has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC.

4. Ripple and XRP ‘Enjoy the Trust of Many Banks as a Model for CBDCs’

Ripple and XRP enjoy the trust of many banks as a model for CBDCs because it is highly centralised and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralised and permissionless Bitcoin and Ether, says CPA Australia Report.

Read more on What to Expect for Ripple?

5. Crypto Whales Accumulate Ethereum as ETH Price Moves to New Highs

Data shows that cryptocurrency whales are rapidly accumulating Ethereum’s ether, the second-largest cryptocurrency by market capitalization, as the price of the cryptocurrency steadily moves up to new highs. 
Read more on Ethereum bull run

What Do Experts Say About the Bitcoin Price in 2030? A Glimpse Into BTC’s Future

Bitcoin has become a popular investment choice due to its potential for significant financial gains. A major consideration in investing in Bitcoin is predicting the cryptocurrency's value in the future ...
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5 Things to Consider Before Investing in Cryptocurrency

5 Things to Consider Before Investing in Cryptocurrency There is no question that cryptocurrencies have established a new investing sector. With the value of digital currencies such as Bitcoin over ...
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Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
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What Online Industries Affect The Growth of Crypto the Most in 2023?

A cryptocurrency is a form of digital asset that may be traded freely, independent of a bank or centralized authority. The $1 trillion cryptocurrency industry is now represented by 23,994 ...
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New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
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