TRON CEO: BITCOIN HOLDS GREATER PROMISE FOR YOUNGER GENERATION OF INVESTORS
Justin Sun believes that Bitcoin (BTC) and other cryptocurrencies have the potential to create opportunities for the younger generation of investors. TRON’s CEO also implied that critics of Bitcoin and other cryptocurrencies were focused on the business side of things rather than the more profound technological implications virtual currencies provide within the emerging digital economy. Source: Bitcoinist.com
German Bank Association: New Regulation for DLT-Based Securities May Be Necessary
The Association of German Private Banks (Bankenverband) foresees that a need for new regulation may arise from the emergence of distributed ledger technology (DLT)-based securities. The association expressed its concerns in a post on its official website on March 11, Cointelegraph auf Deutsche reported.
Per the post, if securities are issued using new technologies, then there is a need for new safekeeping and settlements processes. According to Bankenverband, corporate actions and securities trading may also be subject to change because of DLT-based securities. Source: Cointelegraph
Bitcoin is Cheap Until April, We’ll Never See Price at $3,000 Again: Trader
Despite being down 80 percent from its all-time high, a fairly large number of investors are still cautious and shorting bitcoin in a low price range.
Bitcoin shorts achieved a 3-week high earlier this week, demonstrating a lack of confidence of investors in the cryptocurrency market in the near-term performance of bitcoin. Source: CCN.com
Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone
Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.
The new text states that while its stablecoin is 100 percent backed, its reserves may at times include other assets.
Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Source: Coindesk
Nasdaq-Powered EU Digital Exchange DX Launches Security Token Trading
Estonia-based Nasdaq-powered digital trading platform DX.Exchange is claiming an industry first with its launch of security token trading and security token offering (STO) listings. The development was shared with Cointelegraph in a press release on March 14.
As previously reported, DX.Exchange went live in January, with support for various fiat and cryptocurrency trading pairs and tokenized stocks. In March, the platform added tokenized exchange-traded funds (ETFs) to its supported products. Source: Cointelegraph