The crypto-based emergency app has seen its popularity explode amid the coronavirus crisis. Crypto-based emergency app Guardian Circle has seen a huge surge in monthly downloads due to the coronavirus crisis. According to figures supplied by the project to Cointelegraph, more than 5150 new users downloaded the app in March. That represents monthly growth of […]
Continue Reading
Amid record correlation between Bitcoin and the S&P 500, the IMF has predicted the worst global downturn in almost a century. The International Monetary Fund (IMF) has published a stark prediction that the unprecedented global economic slowdown triggered by ‘the great lockdown’ will get much worse before it gets better. With Bitcoin (BTC) experiencing a […]
Continue Reading
The Algorand Foundation has launched a $43 million grants program to foster a “borderless economy” on the Algorand blockchain. The Algorand Foundation announced a 250 million ALGO (roughly $43 million) grants program to foster development on the Algorand blockchain on April 14. Cointelegraph spoke to Fangfang Chen, the Algorand Foundation’s head of operations, to find […]
Continue Reading
The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets. […]
Continue Reading
Goldman Sachs analyst argues that central banks should print even more money as one commentator slam “illegal” moves by the Federal Reserve. Bitcoin (BTC) and gold are fast becoming the safe-haven assets of choice as new data predicts that advanced economies will shrink 35% in Q2. According to annualized figures from Goldman Sachs quoted by […]
Continue Reading
The G20’s Financial Stability Board issued a study on stablecoins, analyzing their merits and threats as the Libra project continues to spook regulators. Stablecoins can pose risks to financial stability and need to be adequately regulated, according to the Group of 20. The G20’s Financial Stability Board (FSB) issued a comprehensive stablecoin study on April […]
Continue Reading
A stark warning from the banking sector itself comes as Bitcoin recovers from a brief $600 dip, but analysts need to see a higher daily close. Bitcoin (BTC) was aiming for $7,000 on April 14 as a sudden $600 dip gave way to a slow grind upwards as the week began. Cryptocurrency market daily overview. […]
Continue Reading
Despite the bearish times we’ve seen in the crypto market, the industry is maturing, a PwC report suggests. The crypto industry continues to mature, even during these bearish times, according to a recent report from PwC. The Big Four accounting firm’s findings showed that although the number of merger and acquisition deals in the crypto […]
Continue Reading
The Celsius Network is lowering its minimum loan requirements and soon will introduce interest paid out in gold. The Celsius Network is lowering its minimum loan request to $1,000 and will introduce interest paid out in gold. Celsius founder and CEO Alex Mashinsky told Cointegraph that they had previously lowered the minimum to $1,500 from […]
Continue Reading
Academic & economist John Vaz believes economic mismanagement could result in BTC functioning like cigarettes in prison amid financial crisis. In an interview with Cointelegraph, John Vaz, economist and academic at Monash University, asserts that the outlook for Bitcoin (BTC) and cryptocurrency is dependent on the response from governments to the current economic crisis. John […]
Continue Reading