Bitcoin Price Volatility Hits 2 Year Low, Ex-Enron CEO Leaves Jail And Plans Blockchain Company, Bitmain IPO Expires And More — The Crypto2Cash Chronicle
Your daily dose of crypto news, summarized by the Crypto2Cash team
Bitcoin price volatility hits 2 year low
Bitcoin’s average daily trading range so far in March is at it’s lowest in nearly two years. The average 24 hour trading range, defined as the average difference between the high and the low of each day has been just $85, the lowest average seen since April of 2017, when Bitcoin was still around $1000.
(Source: Coindesk)
Ex-Enron CEO leaves jail and plans Blockchain company
Former CEO of Enron, Jeffrey Skilling, is reportedly planning to start a Blockchain Company, according to a Wall Street Journal article posted on Monday. Skilling was released from jail just a month ago after having served a sentence of 14 years due to his significant role in the energy giant’s massive accounting scandal. In total he was indicted on 35 counts of fraud, in one of the biggest fraud cases in the history of the United States.
CoinMarketCap alters listing metrics after new fake volume research
Cryptocurrency market data resource CoinMarketCap (CMC) has recently announced that they will rearrange how they rank exchanges on their platform. This was a reaction to studies published by cryptocurrency index fund provider Bitwise that claimed that CMC hosts almost entirely fake volume statistics and therefore deceives users with less experience.
Bitmain IPO expires
Bitmain’s application for an inital public offering has officially lapsed. The mining giant first filed the prospectus on Sept 26th of last year but never pursued the listing. The Hong Kong Stock Exchange has now moved the case to a group of inactive applications, meaning that Bitmain can re-file the application, but the they would be required to provide additional financial records beyond what was included in it’s initial filing.
North Korean revolutionaries Make Use of Ethereum network
North Korean revolutionaries Cheollima Civil Defense (CCD) have taken a very interesting approach to Ethereum smart contracts. In order to raise funds for their upcoming “coup” they are trying to sell 200,000 tokenized visas, with each one said “to allow holders entry to North Korea once it’s been liberated”. The price of one such visa is 1 ETH( $135) and so far 60 have been sold, however nearly all of them resurfaced on online auction sites sometimes being listed at ridiculous prices.
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