OKEx Founder Questions Motive Behind Coinmarketcap Acquisition, Tron Eye The Multi-Million Dollar DeFi Industry, Bitcoin Whale Transaction Alert Stirs Fear of $900 Million Mt. Gox Dump & More...
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Here are today's top stories:
As we end the never-ending month of March 2020, Coinmarketcap founders will be the most pleased in the crypto space as Binance is rumored to be in line for a $400 million acquisition of the data aggregator. The exchange is holding its final talks with CMC in a possible cash-and-stock deal that may be completed later in the week.
Tron Eye The Multi-Million Dollar DeFi Industry With a New App, DJED; Justin Sun Challenges MakerDAO
Decentralized Finance (DeFi) is coming to Tron, a smart contracting platform similar to Ethereum but scalable and secure. Justin sun, the co-founder of Tron, took to Twitter to announce the new lending app called DJED which may bear some similarities with MakerDAO, critics allege, but like all open source projects, growth is inevitable.
The Mt. Gox fund trustee, Nobuaki Kobayashi, has been granted an extension by a Tokyo Count to submit a fresh proposal as the creditors are unhappy with the earlier one. The deadline has now been pushed until July 1, 2020.
Bitcoin price consolidation above $6,000 likely to give way for a rally above $7,000.
BTC/USD focuses on penetrating the resistance at $7,000 to boost the price above $8,000 ahead of the May 2020 halving.
Ripple price is in consolidation above $0.17 following rejection at $0.18.
XRP/USD bulls must defend the triangle support to avert a possible downfall to $0.12.