The global financial markets took a serious hit this month amid the growing fears of the spreading novel coronavirus (COVID-19). However, amid times of economic uncertainty, investors often turn to gold as a hedge to protect their portfolios. According to one model, the fair value of gold right now should be around $8,900, which is...Read More
Porn sites have been experiencing increased traffic as the number of people under lockdown or quarantine rises due to the coronavirus pandemic. Many of these sites accept cryptocurrencies, including Pornhub. The popular porn site currently offers residents of some countries free premium membership for a limited time to help them stay home during the covid-19...Read More
The development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development. A Healthy Funding State of Open-Source BTC Development The BitMEX research team based the report on publicly...Read More
Many people expected the coronavirus crisis to be beneficial to Bitcoin’s value. So far, this momentum hasn’t played out, and Alex Saunders doesn’t expect things to improve either. The current Bitcoin price momentum has been a bit lackluster. No Bitcoin Price Improvement in Sight Despite some positive momentum earlier this week, things look bleak once...Read More
Ethereum continues to struggle as it remains beneath $130 today with a small decline. The cryptocurrency fell below the ascending triangle consolidation pattern, bringing in another bearish scenario for ETH. Against Bitcoin, Ethereum managed to rebound from support at 0.0201 BTC to climb back above 0.021 BTC. Key Support & Resistance Levels ETH/USD: Support: $128,...Read More
In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap. Its website states the company has $6.229 Billion in assets. Trading of Bitcoin futures contracts has become more popular as crypto traders...Read More
In brief: Bitcoin (BTC) has had an eventful weekend as it dropped from $6,700 to $6,000. The King of Crypto has tested the $6,000 support zone a few times. This area of support is crucial as a death cross is forming on the daily chart. At the time of writing this, all global citizens are...Read More
No one will be surprised to learn how the number of cryptocurrency scams is still on the rise. Especially fake projects pertaining to the coronavirus are popping up globally. Every incident in the world will bring out criminals looking for a quick buck. Coronavirus Scammers Want Your Bitcoin The current coronavirus crisis is no exception...Read More
