April 12, 2020

Interesting Findings: Most Users Who Spent Their Cryptocurrencies Did it For Food And Clothing, Report Says

A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset. Bursting Myths: Cryptocurrency Usage Cryptocurrency payment transfers are much more...
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Analysis: Cryptocurrencies Lost To COVID-19 Related Scams Are Decreasing Since Mid-March

Funds sent to cryptocurrencies scams exploiting the COVID-19 pandemic have decreased since the start of March. Scammers are using mostly phishing and blackmail emails, but their efforts have not marked much success as of late. Crypto COVID-19 Scams Aside from the many positive features cryptocurrencies possess, they are also sometimes involved in suspicious and fraudulent...
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Cryptocurrency Operators In China To Team Up As Regulations Tighten, Binance’s CZ Says

China has always been in the spotlight when it comes to cryptocurrencies, despite the country’s controversial legislation on the matter. Last year, President Xi Jinping urged for further investments in blockchain-based technology, causing Bitcoin to mark an increase upwards of 40% in less than 24 hours. Now, however, regulations seem to be tightening up, and...
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Crypto Scammers are Forced to Work Harder due to the Coronavirus Crisis

It is evident that the coronavirus crisis is shaking things up on a global basis. Recent findings by Chainalysis further confirm how scammers aren’t paying enough attention to ensure their nefarious projects keep generating revenue. Many different factors influence the success of a cryptocurrency scam. Scammers Need to put in More Effort More often than...
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Silk Road Founder’s Bearish Prediction on Bitcoin: The Primary Cryptocurrency Could Go To As Low As $1,200

According to Ross Ulbricht, best-known for creating and operating the darknet market website Silk Road, Bitcoin’s price is headed downward. Using the Elliot Wave Theory for his analysis, Ulbricht believes that there might be more pain ahead, taking the price significantly lower. More Pain For Bitcoin In a detailed blog post, Ross Ulbricht, the founder...
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Bitcoin Price Analysis: Crucial Support Holds (For Now), But Is a Huge Move Approaching By The Start Of The New Week?

On our most recent BTC price analysis, following Friday’s plunge to the $6800 area, we mentioned that Bitcoin reached a decision point. Both the price encountered a substantial support area, together with the daily RSI indicator, which reached precisely the 50 level, which is said to be the distinction between a bear and a bull...
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Why One Crypto Hedge Fund Won’t Hold XRP and Stellar (XLM)

Quick take: CEO of Morgan Creek Digital, Mark Yusko, was a recent guest on Thinking Crypto, a Youtube crypto news channel. In the interview, Mr. Yusko discussed the current state of the stock market, COVID19, the genesis of Morgan Creek Capital, CBDCs and more.  He further explained that XRP and XLM were too closely held...
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Life with SARS-CoV-2

Abstract: The following article is written by guest writer, Leo Weese. Leo explains the potential long term impacts of COVID-19 on culture, work, health and the economy & finance. He concludes by saying that some jurisdictions like Hong Kong or Singapore may attempt to eradicate the virus, while others in the West may attempt to...
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Why $6,600 is the Level To Watch During Bitcoin’s (BTC) Weekly Close

Quick take: Social distancing has been highly advised globally and especially during this Easter weekend. Many Easter activities have gone virtual as a result. Bitcoin trade volume usually falls during major holidays and Easter is no exception. $6,600 is a key zone to watch during today’s weekly close. The 2020 Easter weekend will probably be...
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A Privacy-oriented Blockchain can Power Coronavirus Tracking Apps

On a global scale, there are growing discussions regarding a coronavirus tracking application. Building such a solution will require a lot of work, especially when it comes to respecting user privacy. As the global pandemic rages on, it becomes all the more important to keep tabs on infection-free regions. Coronavirus Blockchain Solutions Remain Popular In...
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