Bitcoin investors were mortified by last week’s 50% crash but it’s important to remember that Bitcoin was specifically designed for a global crisis. If you’ve been in Bitcoin (BTC) long enough most likely its Genesis Block has been mentioned quite a few times. If not, the image below should be self explanatory. Bitcoin Genesis Block […]
Continue ReadingCrypto asset manager Travis Kling has likened Bitcoin to insurance against U.S. monetary policy and hurricanes. Travis Kling, the chief investment officer of crypto investment firm Ikigai Asset Management, has described Bitcoin (BTC) as insurance against both hurricanes and U.S. fiscal policy. On March 20, Kling tweeted that an oncoming hurricane that will soon hit […]
Continue ReadingSystemic weakness and a lack of will to change any of its aspects are what led to traditional finance temporarily crashing Bitcoin, argues CZ. The coronavirus pandemic was just the spark that ignited the current global economic meltdown, not its cause, the CEO of Binance says. In a blog post on March 20, Changpeng Zhao, […]
Continue ReadingSwitzerland-based crypto exchange Smart Valor listed major gold-backed stablecoin PAX Gold for trading against the Swiss franc and the British pound. While global stock markets are experiencing extreme turmoil, cryptocurrency projects keep introducing more ways to trade gold-backed assets twenty-four hours a day. PAX Gold (PAXG), a major cryptocurrency pegged to physical gold, has now […]
Continue ReadingDoes Bitcoin have no intrinsic value? Blockchain experts and government officials seem to disagree vastly on the issue. In early March, the Bank of England’s governor-designate, Andrew Bailey, said that Bitcoin has no intrinsic value. He controversially stated that any investor that holds Bitcoin should be prepared to lose all of the money. Bailey said, […]
Continue ReadingXRP price has dropped to a crucial support but a relief rally to $0.33 could be around the corner. Recently, cryptocurrencies and Bitcoin (BTC) have seen a significant drop. Bitcoin was not the only crypto to see a steep fall as other markets have seen one as well, including equities which are down between 30% […]
Continue ReadingHuobi DM announced a new partial liquidation feature on its exchange, aimed at decreasing customers’ risk. Huobi’s derivatives trading platform, Huobi DM, has announced a new ‘partial liquidation’ feature that aims to limit trading losses. Sudden market swings can immediately liquidate highly leveraged positions and cause extensive user losses, as seen during the last week’s […]
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Unconventional analysis of two major decentralized finance projects, based on Ethereum and EOS, which recently went through the same storm. On March 11 at 4:56 p.m. UTC, Tedros Adhanom Ghebreyesus, the director of the World Health Organization, stated that COVID-19 can be characterized as a pandemic. Industry experts consider the global uncertainty around this respiratory […]
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The upcoming MakerDAO auction is set to cover the protocol’s losses during the March 12 Ethereum price crash, with its success being critical for the stability of DeFi. The MakerDAO (MKR) community has locked in an auction to cover a multi-million dollar hole in DAI collateral after the sudden Ethereum (ETH) price crash on March […]
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The recent market crash could be Bitcoin’s biggest opportunity since its creation in 2009, BitMEX says. BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial […]
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