The most widely used American cryptocurrency exchange, Coinbase, reported increased $1,200 deposits yesterday. Interestingly, this coincides with the stimulus checks for the same amount that the U.S. government began sending this week to fight the financial struggles caused by the coronavirus pandemic. Record $1,200 Coinbase Deposits According to data provided by Coinbase CEO Brian Armstrong,...Read More
Bitcoin saw a notable increase in its price yesterday, conquering the $7,000 level, and it did a good job staying above so far. Meanwhile, the futures on legacy markets are also in the green, as news broke out that the Gilead coronavirus drug supposedly shows effectiveness. Bitcoin Price Above $7,000 As Cryptopotato reported yesterday, Bitcoin...Read More
Andrew Yang, an American politician, part of the Democratic Party and a former runner for the 2020 US Presidential Elections, voiced his concerns with the current stimulus package that the country rolled out. According to him, the amount sent to people should be higher. Andrew Yang Calls For $2,000 Per Month Stimulus A recent report...Read More
YouTube continues to restrict, and outright ban accounts, producing cryptocurrency-related content. In its latest strike, the popular video content sharing platform closed the account of one of the most popular Bitcoin analysts and vocal members of the community, Tone Vays. Crypto Analyst Tone Vays Banned on YouTube The largest video content sharing platform, YouTube, continues...Read More
John McAfee recently announced on an up-coming launch of a new privacy coin called GHOST, unveiling the project’s new Twitter account and accompanying website. McAfee states that the whitepaper and more details will be posted in one month on May 15th. Verified Zero-Knowledge Proofs The GHOST website reveals that the proof of stake privacy coin...Read More
An interesting analysis of the performance of the Ethereum network reveals some changes as to what fees are being paid. Feed pays to miners exceeded the uncle reward paid to miners in March. Fees Paid By Users Greater Than The Cost Paid By The Network Ankit Chiplunkar, the head of research at the popular data...Read More
China’s anticipated central bank digital currency (CBDC) may be closer to its launch, as per a screenshot circulating the internet. While testing should be entirely confidential, the leaked photo is hinting the test version of a mobile app developed by a large state-owned bank. An App For China’s CBDC Information from a few weeks ago...Read More
Gold has crossed the $1,700 mark for the first time since 2012 as traders and investors seek wealth security in these times of economic uncertainty — headlined by the COVID-19 outbreak. The recent gains in the gold market coincide with pressures on Bitcoin, which has dropped from nearly $7,500 to about $6,800 within seven days....Read More
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...Read More
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...Read More
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...Read More
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...Read More
The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both. BTC Addresses Go Up The popular cryptocurrency monitoring resource, Glassnode Insights, provided a...Read More
Bitcoin’s price went on a rollercoaster during the past week. After surging to its three weeks high at slightly above $7,400, the cryptocurrency saw a sharp decline upwards of 5% over the past 24 hours. This got it to where it currently trades at around $6,880. During the last week, altcoins managed to hold their...Read More
Traders of SOL, the native cryptocurrency of the Solana blockchain platform, must be in a great mood as the price of the coin has surged by more than 300% in the last 24 hours. The reason for this is the recent listing on the Binance exchange. Solana (SOL) Listed on Binance Being listed for trading...Read More
With the third Bitcoin Halving just around the corner, the number of BTC whales is on the rise again, similar to what happened before the previous one in 2016. Individuals and entities owning at least 1,000 of the primary cryptocurrency are currently at a 2-year high. BTC Whales Accumulate Before The Halving? The Bitcoin Halving...Read More
Gold, one of the commodities largely used as a hedge against the volatility of traditional equities and financial markets, is trading at a price just 1% below its 8-years high. According to a portfolio manager at VanEck, however, the price is headed to at least $2,000. Gold Price At 1% Below 8-Years High Gold has...Read More
Bitcoin Cash saw its halving happen yesterday, and the effects on the network are already evident. The hash rate has dropped substantially, and the time between blocks has also increased. Bitcoin Cash Halving Consequences: Hash Rate Drops Bitcoin Cash (BCH) had its halving yesterday, and the reward for adding blocks on its blockchain was halved...Read More
The Tezos Foundation has collaborated with several Swiss-based cryptocurrency companies to tokenize Bitcoin. Called tzBTC, it gives holders the ability to interact with Tezos smart contracts while pegging to the value of Bitcoin. Tokenized Bitcoin On Tezos Blockchain The Bitcoin Association Switzerland announced launching the tzBTC digital token in a press release shared with CryptoPotato....Read More
Bitcoin’s price is no stranger to volatility and the period between the second half of 2017 and the first half of 2018 is a clear example. The price went from about $2,600 to its all-time high of $20,000 in December 2017 and all the way down to $6,000 in July 2018. At the time, though,...Read More
There’s something curious unfolding in global markets this month. While COVID-19 rages across the planet and the economy has ground to a halt, equities have actually been rallying. Global stock prices have been on their way up for two weeks now. It appears like Wall Street’s doing great. The Dow Jones Industrial Average has increased...Read More
Markets across the board are marking tremendous increases since the beginning of the week. The largest indexes are charting notable gains despite the continuously spreading coronavirus as well as other concerns such as the escalating number of job loss claims in the US. The cryptocurrency market follows as absolutely every coin in the top 20...Read More
New data indicates that the number of active Ethereum addresses could accurately predict the future price movements of ETH. Unique addresses have been rising since March, and the price of the token has been continuously surging. Active ETH Addresses Corresponds With The Price? Information provided from the popular monitoring resource, Santiment, suggested that the number...Read More
Quick recap: March 12, 2020, following the global markets’ crash, Bitcoin experiencing its worst day ever, while clearing over 50% of its value. Some blamed the BitMEX liquidation system; some thought Bitcoin was going to zero. The daily high, which was recorded on that day, was $7969 on Bitstamp, while the daily low was $3850....Read More
Mr. Qiao Wang, the co-founder of crypto intelligence firm Messari, Inc., said Sunday that Bitcoin’s total addressable market (TAM) might be approximately $20 trillion. If that’s the case, the Bitcoin price would surge to $1 million USD a coin. While that’s a welcome projection for Bitcoin holders, it might be a bit of a stretch....Read More
The outbreak of the novel coronavirus (COVID19) caused serious turmoil in the global financial markets. According to a report by VanEck Global, an ETF and Mutual Fund Manager, during this crisis so far, gold correlates with Bitcoin increasingly in the short-term. Gold Correlates With Bitcoin Amid Coronavirus Outbreak Gold and Bitcoin are two assets that...Read More
Popular cryptocurrency commentator Tone Vays believes that Bitcoin has already reached its yearly bottom when it hit $3,700. He continued his positive prediction noting that BTC might not even dip below $6,000. Tone Vays: Bitcoin Already Bottomed The egregious circumstances caused by the COVID-19 pandemic led to extremely high levels of volatility in all financial...Read More
Amid the spread of the COVID-19 pandemic, world governments and central banks should focus on launching CBDCs, a BIS report suggested. By using digital currencies, people could avert cash, credit card terminals, or PIN pads – which may transmit the novel virus. Coronavirus And Money The COVID-19 outbreak took the world by storm. Over 1.2...Read More
More and more financial experts are standing behind gold’s role in an upcoming economic turmoil. The merits and safe-haven status of the precious metal are aligning popular beliefs that it will outperform most (if not all) financial assets in the next few years. Gold To Stand Above All Whether or not the COVID-19 is the...Read More
Toilet paper isn’t the only thing people are hoarding during the coronavirus panic. In a sign of the times, FDIC Chair Jelena McWilliams literally asked Americans not to hoard cash under the mattress. That is not the message you want to turn on your television to hear the government telling people. Because that means it’s...Read More
