Crypto supports the fight against the coronavirus pandemic

Tone Vays: Low chances for Bitcoin to drop to $ 3,800

Bitcoin (BTC) has a 15% chance of falling to $ 3,800 if current price levels continue, Tone Vays analysts believe.

In a YouTube post on March 24, the analyst updated the outlook for Bitcoin, having previously claimed it could reach $ 2000.

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Currently, Vays believes that the level of $ 6,750 is a resistance level for BTC. During the day, cryptocurrency rose to nearly $ 7,000, but subsequently recorded a correction to $ 6,550.

Vays also claimed that it is foolish for traders to avoid entering the market in the hope that they will catch a new minimum:

“That means you can’t wait for another $ 3,500 withdrawal – you should already buy Bitcoin.”

CryptoAgainstCOVID – crypto companies support coronavirus pandemic

Crypto-Twitter has generated a new hashtag – #CryptoAgainstCOVID that supports the fight against coronavirus panedemia. On March 25, Binance left employee to donate one dollar for each retweet of his support message.

The Tron Foundation also sent over 1 million N95 masks to Wuhan during the crisis.
The Binance Charity Foundation has already donated $ 1 million and has committed to contribute up to $ 4 million in its CryptoAgainstCOVID campaign.

The aid fund will be distributed to buy essential products such as medical supplies, food and medicines in the most affected areas, including Italy, China and Spain.

Crypto companies support the fight against the coronavirus pandemic as an example for all industries.

Trustee Mt. Gox presents the plan for the return of the funds

Trustee Mt. Gox has published a debt management plan to creditors, which will be subject to court approval. It provides that debt in BTC and BCH will be paid in these currencies. However, the other digital assets of the former exchange will be sold to obtain fiat currencies.

Apparently, those who have to receive cryptocurrencies will not be compensated with priority. The custodians mentioned that the priority is the creditors to be paid in fiat currencies.

In October last year, the Tokyo District Court issued an order extending the deadline for a rehabilitation plan for Mt. Gox until March 31, 2020.

The report released in March 2019 indicated that the crypto reserve managed by the custodians includes approximately 141,686 BTC and 142,846 BCH.

At that time, receivables had been approved for 802,521 BTC, 792,296 BCH and $ 38,165,664, revealing a financing deficit. The total value of the assets held by the trustee is unclear at this stage.