The crypto community touched yet another milestone a few hours ago. In this latest development, developers at Summa, a blockchain establishment that offers private, self-enforcing, and self-settling cross-chain contracts that are trustless and non-custodial, are said to have open-sourced a cross-chain integral swap between the two largest blockchain ecosystems, Ethereum and Bitcoin. As of this...Read More
The financial repercussions of the coronavirus pandemic is very difficult to predict. Some people expect a major insolvency cascade to take place, eventually forcing people in the direction of Bitcoin and other crypto assets. Various banks and governments are scrambling to keep their economies afloat. Coronavirus may Force People to Embrace Bitcoin That is easier...Read More
With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in...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
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
In brief: Bitcoin exhibited some bullish momentum earlier on in the week. BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support. However, we are back in familiar territory with $6,900 being the level to overcome once again. On April fools day, keen crypto traders...Read More
The most popular U.S.-based cryptocurrency exchange, Coinbase, saw an increase of deposits and buy orders during the panic sell in mid-March. While customers were purchasing various digital assets, Bitcoin was the clear leader with the most buyers during the drop. Coinbase Reviews The March Panic Sell 12-13th of March marked one of the most violent...Read More
During a global pandemic such as the coronavirus, some people expect the use of Bitcoin to increase globally. So far, that has not been too apparent, albeit it seems that the way Bitcoin is used is undergoing some changes. Bitcoin has not been at the forefront of too many discussions lately. Bitcoin Isn’t Doing Terrible...Read More
Bitcoin had a relatively good week of trading as it recorded its highest price since the coronavirus crisis began in March. Yesterday, BTC peaked at above $7,200, marking an impressive daily run that sent the entire cryptocurrency market well in the green. The majority of altcoins were also charting double-digit increases. Since then, Bitcoin’s price...Read More
With the start of April, Bitcoin is entering its best performing quarter of the year. History shows in five out of the last six Q2s, the primary digital asset has been well in the green. This year’s Q2 marked a 10% increase in a few days as well, and the community wonders if another positive...Read More
The dreadful situation in Spain caused by the COVID-19 outbreak is not delaying local authorities to send notices to taxpayers. Those include traders and investors in cryptocurrencies, who have quadrupled in the past year to 66,000. Spain To Tax 66k Crypto Investors The Spanish Tax Agency (Agencia Estatal de Administracion Tributaria or AEAT) began sending...Read More
The coronavirus continues to spread like wildfire, with almost a million people infected throughout the entire world. Gold and Bitcoin, however, are performing particularly well during the last two days. Their steady performance also comes in times when Wall Street crashes, summarizing a terrible first quarter, and thousands of people are losing their jobs. Gold,...Read More
Bitcoin has gone up 5.52% in the last 24 hours alone adding some $330.03 on to its the price. The cryptocurrency which recently plummeted from $10500 currently trades at $6,657.51. Bitcoin is facing a bullish trend pushing the cryptocurrency towards breaking the $7000 price ceiling. As of April 2, 2020 bitcoin jumped to $6600 area...Read More
Bitcoin saw a notable increase in its price throughout the past 24 hours. However, large-cap cryptocurrencies failed to gain any serious grounds against BTC as all top 20 altcoins have decreased in value over the same period. At the same time, Bitcoin’s dominance is also increasing substantially during the past four days. Altcoins Un-Season: Majors...Read More
Since bitcoin was launched, bitcoin faucet programs were introduced to boost the awareness of cryptocurrency and this also became an easy way to have bitcoins without paying or investing. Cryptocurrency, bitcoin is currently streaming on the surface creating buzz, while at the time of writing the price just pumped 12% ( $6450 ). At this...Read More
There are some obvious consequences to the coronavirus crisis. Various businesses are being put out of business, including drug vendors on the darknet. It is interesting to note how darknet vendors struggle during the coronavirus crisis. Darknet Bitcoin Revenue is on the Decline More specifically, the people buying items from these vendors are in a...Read More
The Bitcoin price dropped over the first quarter of 2020 amid the worldwide asset collapse. But it didn’t fall nearly as much as the major US stock market benchmarks. From January 2, 2020 (the year’s first day of trading on the New York Stock Exchange) through April 1, 2020, the S&P 500 Index capitulated some...Read More
Satoshi Nakamoto, also known as Craig Wright, will appear in an “ask me anything” session! At the same time, there’s a new token in front of Bitcoin on CoinMarketCap. And all of this comes today, April 1st! Let’s take a look at some of the best April 1st (International Fool’s Day) jokes in the cryptocurrency...Read More
The novel coronavirus (COVID-19) took the world by a storm and its spread, and it shows no signs of slowing down. With the total number of infected people getting close to a million, countries around the world are instituting lockdowns to slow down the spread and keep the hospitals from overflowing with patients. A closer...Read More
The last few days were quite turbulent for Bitcoin and the entire cryptocurrency market. BTC went to retest the support at $5,800, losing $800 of its dollar value in the process. However, it has since bounced, and it’s currently trading at another important support level at $6,300. BTC/USD. Source: TradingView This weekend saw $5,850 as...Read More
The coronavirus crisis has caused ample concerns on a global scale. Many businesses are threatened, including a Sweidhs Bitcoin pizza place suffering from a major decrease in revenue. It is evident that in-person spending at physical locations has diminished due to the coronavirus outbreak. Coronavirus Threatens a Swedish Pizza Place This has caused ample problems...Read More
Over $1 billion worth of stablecoins is currently stored on certain cryptocurrency exchanges. Such an extensive amount sitting on the sidelines begs the question if traders are simply waiting for a definitive bullish sign to reenter the market. Over $1B Worth Of USDT and USDC On Exchanges As Cryptopotato reported earlier this month, most stablecoins’...Read More
Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, we analyze recent market activity and Bitcoin’s Value Proposition. BTC and other crypto assets saw a ~50% price decline earlier this month on March 12, marking the single largest one-day drop in Bitcoin’s price since 2013. These moves coincided with...Read More
The extreme levels of volatility reached the U.S. dollar as well, and the world’s reserve currency is losing value. It comes only days after the historic $6.2T “stimulus package,” which aims to help individuals and businesses in need. Amid the rising threat of inflation and concerns amongst numerous experts, the cryptocurrency community broached Bitcoin’s scarcity...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
