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 | | | | | | 1. Charles Hoskinson, CEO of IOHK, has responded to comments made by President of the Federal Reserve Bank of Minneapolis, Neel Kashkari. In an interview with CBS News, Kashkari was talking about the coronavirus pandemic and the measures being taken to tackle the stress it will place on the economy. During the interview, he was asked what he would say to people who were heading to ATMs to take out $3,000. In response, Kashkari said people don't need to, as the ATMs and banks are safe. There's enough cash in the financial system. And there's an infinite amount of cash at the Federal Reserve. In response, Hoskinson tweeted that he was "getting a real OneCoin vibe from" the U.S. dollar. The OneCoin project was a scam, which stole at least $4 billion from unsuspecting victims in 2019. -@IOHK_CHARLES/TWITTER |  |     | | | UPbit and Bithumb see demand drop since 2018 | UPbit and Bithumb may be South Korea's largest crypto exchanges, but the last 12 months have proved to be a difficult time for both as interest in the market declines. To read this story (and all of the others in this newsletter), subscribe to premium. SUBSCRIBE NOW TO FIND OUT MORE  | | | | Could China and Russia add Bitcoin to their strategic reserves? | RT host Max Keiser thinks Bitcoin may be added to China and Russia's strategic reserves. Do you think he's right? Subscribe below to read this story. SUBSCRIBE NOW TO FIND OUT MORE | | | | Paxful and Chainalysis to set compliance standards for P2P platforms. | Paxful is making waves in the crypto space as it continues to push the adoption of Bitcoin, particularly in Africa. At the same time, it's working to improve KYC and AML procedures to ensure the space remains safe for all. Find out the steps it's taking with Chainalysis to boost compliance standards. SUBSCRIBE NOW TO FIND OUT MORE | | | | Blockchain salaries drop 37 percent in China. | A report has found that salaries offered to blockchain professionals has dropped by 37 percent since 2018. Find out the reasons why this is the case by subscribing below. SUBSCRIBE NOW TO FIND OUT MORE | | | | Bitcoin's year needs to be 2020 | Mike Novogratz remains bullish on the future of Bitcoin, now more than ever considering current market conditions. But amid market turmoil, both in traditional and crypto, can Bitcoin take its place at the top to make everything right again? Subscribe to find out more. SUBSCRIBE TO PREMIUM | | | | 7. Derivatives trading platform BitMEX has published a blog explaining the role of its Insurance Fund after it received criticism for not being used to help the crypto market following a drop in prices earlier this month. Between March 12 and 13, the price of Bitcoin fell from the $7,000s down to the $4,000s as investors sold their coins in a massive sell-off. Data from Datamish showed at the time that liquidations on BitMEX amounted to over $1 billion, yet the platform holds around 35,000 Bitcoin ($220 million) in its insurance fund. Following market events, BitMEX is attempting "address questions." Explaining the role of the insurance fund, the platform noted that it acts as the "last line of defence" to prevent auto-deleveraging (ADL) positions of profitable traders against liquidated positions to prevent bankruptcy. It went on to say: It is important for the Fund to be large enough to absorb intraday shocks, to avoid ADL on the platform. One user on Twitter questioned, however, why the insurance fund wasn't used arguing that the "worst-case scenario almost happened..." The user then said: "Which raises questions of why it's so large, and it's overall efficacy." -BITMEX | | | | | Tim Draper is setting his sights on India | Tim Draper is of the opinion that India will experience a crypto boom following the Supreme Court's decision to reverse a crypto ban. Subscribe to find out his plans going forward with the country. SUBSCRIBE NOW TO FIND OUT MORE | | | | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Edited by Beth Duckett, staff writer at Inside. | | | | | | | |
