🗞 Daily Crypto News, March, 11th💰

South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million ;
Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole ;
Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not ;
Blockchain As A Competitive Edge? CFOs Should Think Twice Before Saying No ;
Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina ;
📑 Daily Crypto Calendar, March, 11th💰
STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million

The crypto unit of South Korea’s largest internet conglomerate Kakao Corp will repeat its initial coin offering (ICO) after netting $90 million from investors, Bloomberg reported on Mar. 11.

Klaytn, the blockchain platform which is the responsibility of spin-off firm Ground X, will now seek to raise another $90 million as soon as this week. In December 2018, Kakao had first announced that it was planning to raise around $300 million through Ground X to develop its own token.
According to Jason Han, CEO of Ground X, IDG Capital, Cresendo Equity Partners and Translink Capital were some of the venture capital and private equity funds to participate in the ICO round.

🗞 Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole

Recently, there has been discussion regarding a proposal to migrate ethereum away from proof-of-work called ProgPoW (short for programmatic proof of work). Proponents of ProgPoW want to flip the paradigm of the cryptocurrency mining industry on its head. Their thought is: instead of building hardware to fit the mining algorithms, a somewhat “wasteful” approach, we should be using mining algorithms that are optimized for GPUs to encourage the decentralization of mining.

At first glance, ProgPoW appears to minimize the advantage ASICs have over commodity hardware, making mining more accessible and thus decentralized. But upon further inspection, it becomes evident that ProgPoW doesn’t truly democratize mining as it claims.

🗞 Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not

The adoption of cryptocurrencies in Venezuela, first due to hyperinflation and later due to dollarization, could come to play a role in the country’s economic rebuilding.

At least that’s according to Venezuela’s most outspoken economist on the subject of cryptocurrencies, professor Aaron Olmos, who dissected the reasons for his country’s current dependency on the US dollar in a new interview with CoinDesk. A passionate advocate of the benefits of cryptocurrencies, Olmos has lectured about the technology for over two years, even leading a program focused on blockchain for IESA, the most prominent business college in the country.

🗞 Blockchain As A Competitive Edge? CFOs Should Think Twice Before Saying No

There's a reason some jokers in business refer to their finance group as the "sales prevention department." Corporate CFOs and controllers take very seriously their responsibility for safeguarding company resources, especially cash. When it comes to investing in new technology, the typical CFO is likely to say "no" right off the bat, and force the person making the capital request back to the drawing board.

Investing in <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
">blockchain technology, whether as a penny saver or game changer, should involve a different dynamic. People on the business side should be extra careful to avoid hype and instead argue the strategic benefits of exploring and experimenting with this new approach to data storage and verification. CFOs, for their part, will want to check their natural impulses and keep an open mind.

🗞 Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9.

The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange.

📑 Daily Crypto Calendar, March, 11th💰

TRON (TRX)

Binance takes snapshot of TRX balances at 0:00 (UTC) on the 11th day of each month and airdrops BTT to TRX holders.

Callisto Network (CLO)

Undisclosed exchange(s) list CLO.

Ark (ARK)

ARK Core v2.2 will be released with a full blog post on what it brings and what is next.

Cindicator (CND)

Cindicator meetup at Genesis Block in Hong Kong from 6:30 - 9:30 PM (HKT).

Veros (VRS)

"Global upgrade of the platform server core for enhanced functionality and performance."

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

Yesterday, I was saying you that we really need to break the previous TOP to continue the nice trend of the last weeks. See what was the reaction when we have broken it. A superb UP break out to confirm the break of this resistance line. We are now consolidating a little after that nice UP and a pull back on the support line is even possible. Anyway, it is again a nice indicator of a UP trend which is taking in place for the STEEM.

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