Crypto Daily News from ZBG Exchange

1. Top 5 cryptocurrencies to watch this week: BTC, KLAY, VET, SOL, KSM

Bitcoin appears to be preparing for a move toward $60,000, while KLAY, VET, SOL and KSM are attempting to find bullish momentum.

In trading, selling a position is as important as buying it at the right time. Therefore, the big question that could be troubling traders is whether or not Bitcoin (BTC) price will enter a bearish phase or will the bull run continue after this week’s pullback.

PlanB, the creator of the popular Bitcoin stock-to-flow model, recently tweeted that the crypto bull run has only started and is “nowhere near the end of it.”

PlanB is not the only voice that is hugely bullish on Bitcoin. Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, believes that if previous behavior is considered, Bitcoin’s 2021 peak could be nearer to $400,000.

One of the main reasons that could be drawing institutional investors to cryptocurrencies is the possible debasing of the U.S. dollar. In an interview with Bloomberg, Soros Fund Management chief information officer Dawn Fitzpatrick said the 25% increase in the U.S. money supply over the past 12 months has ensured that Bitcoin no longer remains a fringe asset.

The fund recently participated in the $200 million funding round held by NYDIG and also invested in crypto accounting firm Lukka. This shows that institutional investors are broadening their perspective and are looking at investing opportunities other than Bitcoin.

Let’s study the charts of top-5 cryptocurrencies that may resume their uptrend in the short term.

2. NY’s Blockchain-Based COVID-19 Passport Is Now Live

The pass will be used to confirm an individual’s recent negative PCR or antigen test result or proof of vaccination to help fast-track the reopening of businesses and event venues.

New York Gov. Andrew Cuomo announced its IBM’s blockchain-based digital health app for proving COVID-19 vaccination and test results is now live.

According to a release by the governor’s office, individuals will be able to either print out their pass or store it on their smartphones using the Excelsior Pass Wallet app much like a mobile airline boarding pass,.

The pass will be used to confirm an individual’s recent negative PCR or antigen test result or proof of vaccination to help fast-track the reopening of businesses and event venues.

Madison Square Garden and Times Union Center will said they will implement the pass. Other locations will be added as the program expands.

3. SNL Skit Uses Kate McKinnon as Janet Yellen and Slim Shady to Explain NFTs

The skit clearly shows how NFTs have captured the public’s imagination. Here’s where you can find out more.

Non-fungible tokens (NFTs), the buzziest segment of the cryptocurrency universe, made it to Saturday Night Live last night in an explainer skit featuring Kate McKinnon as U.S. Treasury Secretary Janet Yellen and Pete Davidson channeling Eminem.

While the skit clearly shows how NFTs have captured the public’s imagination as stars like the NFL’s Patrick Mahomes, Rob Gronkowski and others have created and sold the tokens, sometimes for staggering amounts, it also could be a sign of a market top, or simply the approach of one of the four horsemen of the apocalypse. Still, there’s no doubt NFTs have gone mainstream.

4. Facing Financial Crisis, Can Argentines Look to Bitcoin?

Few countries have as deep and long-lasting a history of financial crises as Argentina.

Given how otherwise blessed it is with natural and human resources, Argentina is Exhibit A in the argument that repeated monetary mismanagement will do lasting harm to long-term prosperity. A century of such crises, which has bred profound mistrust of the institutions of government among Argentines, took their country from being the seventh-richest nation on earth to the 75th.

Now, with the advent of cryptocurrencies and blockchains, some finally a way out of this trap of mistrust. It’s no coincidence that Argentina has a relatively high level of bitcoin adoption nor that it has contributed a disproportionately high number of successful developers to the global crypto community.

But is crypto the answer, or should Argentines continue to work within the system to get the accountable government they deserve?

We explore that question, along with a deep dive into just what it is that explains Argentina’s uniquely dysfunctional economic experience, in his week’s edition of “Money Reimagined.” We’re joined by Lucas Llach, a professor of economics at Torcuato di Tella University in Buenos Aires, and Santiago Siri, the founder of Democracy Earth, a radical, blockchain-based solution for democracy inspired his struggles to reform government in his native Argentina.

5. Why Bitcoin Is a Better Risk Bet Than a Stack of Penny Stocks

Volatility is a measure of risk, and that’s often measured in relation to returns. By that measure bitcoin is a beast so far this year.

Bitcoin is getting boring at a time when annualized 30-day volatility as of Thursday’s close has seen a sharp downward dip, in a March with its own type of (weather) volatility.

To emphasize the point, have a look at the chart above, which shows the volatility of bitcoin daily returns for the past month. To be fair, I’m employing a little chart crime here, starting the y axis at 40% in order to accentuate the drop between March 24–25, as all but the last days of February have disappeared from the 30-day look-back on the CoinDesk Bitcoin Price Index.

The boredom engendered by a tame month sparked a mild disagreement with “First Mover” show host Lawrence Lewitinn about penny stocks versus bitcoin. We were discussing the benefits of using indexes weighted either by price or by market cap. Price-weighted indexes can be more volatile because smaller-cap components can have a greater impact. I said a crypto index doesn’t need more volatility because crypto assets already have the volatility of penny stocks.

Founded in July 2018, ZBG is a Hong Kong-based cryptocurrency exchange, a global platform of ZB.COM.

ZBG.com has quickly become one of the top 10 exchanges in the world with its innovative, efficient and global operations, and is known as a “New First-Tier” exchange.

Currently, ZBG supports 11 languages, with an average daily activity of more than 160,000, providing over 3 million users around the world with trustworthy cryptocurrency trading, contract trading and other crypto asset investment services.

In the future, ZBG will continue to expand its global market and provide stable, safe and fast blockchain project listing, diversified crypto assets and blockchain derivatives investment services to more blockchain enthusiasts around the world.

ZBG Official English (Telegram): https://t.me/ZBG_Exchange

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ZBG Official Bangladesh (Telegram): https://t.me/zbgbangladesh

Twitter:https://twitter.com/ZBG_Exchange

ZBG, World’s top 10 crypto currency exchange.

Link to future value!

ZBG Team

March 29, 2021

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ZBG

Launched in 2018, ZBG is a Hong Kong-based crypto exchange, a subsidiary of ZB.COM. ZBG is focused on providing a trading platform for new and innovative tokens