Happy Monday, Blockfolians
This week starts with somewhat better news (at least in terms of your favorite asset’s price) than we’ve had. Bitcoin finally punched about $7,000 and has now recovered well since last month’s crash.
Now, there are some who think that the overall market’s optimism is a little premature. Every week that lockdowns go on makes it harder for the economy to recover. Yet in a time where there has been precious little good news, we’ll take this!
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Highly Relevant Reading
Poloniex has launched its new token sale platform with the new Maker-style stablecoin from Tron called JUST.
Numerous class-action lawsuits were filed in New York last week against a number of crypto exchanges.
Kraken continues to be a huge acquirer of talent, scooping Blockchain.com’s Marco Santori as its chief legal officer.
Reversing its historic skepticism, the central bank of Korea is working to accelerate digital currency pilots.
Although we’re still in the eye of the storm, some are starting to look to the other side.
In line with this, a crowdsourced document around the Second Order Effects of Coronavirus is making the rounds.
A Really Big Number We Should Be Paying Attention To
That’s the growth in quarterly bitcoin trading volume between Q4 of last year and Q1 of this year. Volatility has its upside.
He’s not wrong though.