Quarterly performance for Bitcoin has stabilized after its drop to $3,700 two weeks ago, while Q2 is historically the best three months for BTC/USD. Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion. That was according to the latest quarterly […]
Continue ReadingClimate change caused by carbon emissions might be one reason for such a terrible global COVID-19 pandemic scenario. JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report […]
Continue ReadingVenezuela faces clogged internet usage due to quarantine measures, which could make crypto usage difficult. The global coronavirus lockdown has put a strain on Venezuela’s internet, which could logically make crypto participation difficult. As much of the world hunkers down in quarantine, people logically turn to internet-based services for work, as well as a way […]
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Bitcoin price pushed higher toward $7,000 as U.S. lawmakers agreed on a $2 trillion stimulus package aimed at fixing the damage caused by the Coronavirus pandemic. Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic […]
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A rebound for gold follows Bitcoin’s successes as the U.S. central bank starts stating it has “infinite cash.” Bitcoin (BTC) and gold showed clear signs of strength on March 24 as the United States Federal Reserve revealed the true extent of its money printing. Having cleared $6,000 on Monday, BTC/USD went on to hold ground […]
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Democrats in the U.S. House of Representatives look to a digital dollar to distribute stimulus payments in at least one version of the COVID-19 response bill. Amid contentious debate over the massive stimulus package in response to the coronavirus pandemic, Democrats in the United States House of Representatives look to implement the digital dollar to […]
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Binance US CEO believes coronavirus quarantine efforts will increase American crypto trading, citing recent volume “resurgence” in Asia. Catherine Coley, the CEO of Binance US, revealed that the coronavirus quarantine in Asia drove a surge in trade volume during an interview with Bloomberg on March 16. On the subject of the recent correlation between Bitcoin […]
Continue ReadingAn evolving list of finance policies and practices suspended due to Coronavirus and their meaning for cryptocurrencies. By this point, everyone knows that Coronavirus, also known as COVID-19, has wreaked havoc on the world economy. The ongoing pandemic On March 13, crypto markets saw an unprecedented collapse alongside the worst day in the traditional markets […]
Continue ReadingCryptocurrencies are like beer in more ways than meet the eye. Whether crypto markets are up or down, people will still buy beer. The American beer industry has seen a 600% increase in the number of breweries between 2008 and 2016, according to data from The Atlantic. And the crypto industry really boomed from nothing […]
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Spain’s National Securities Market Commission has halted short selling in an effort to protect local stocks from the recession caused by the coronavirus epidemic. Spain’s National Securities Market Commission (CNMV) has halted short selling in an effort to secure local stocks from the recession caused by the coronavirus epidemic. The ban will last one month, […]
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