Coronavirus continues to spread panic throughout traditional markets and Bitcoin price is down 10% since the start of the week. The sharp correction that has rocked the crypto market since Feb. 23 continued through Feb. 27 as Bitcoin (BTC) price dropped nearly 8% to a daily low at $8,531. Markets pricing in Coronavirus impact At […]
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Bitcoin price and equities markets dropped sharply as the Coronavirus continues to spread across the globe. On Monday morning equities markets in the United States and Europe dropped sharply as investors fear over the continued spread of COVID-19, also known as the Coronavirus, intensified. Earlier in the day, the Italian government instituted a quarantine on […]
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Fintech firm Diginex has revealed its further development plans, once the merge deal with 8i is closed. Investment holding company 8i Enterprises Acquisition Corp. and blockchain financial services and technology firm Diginex have scheduled a shareholders meeting to consider the proposed business merge. The special meeting will take place on March 20 in New York, […]
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Riot Blockchain has opted to sell its new crypto exchange RiotX to focus on Bitcoin mining before halvening. Riot Blockchain, a Nasdaq-listed crypto firm in the United States, plans to sell its exchange to focus on Bitcoin (BTC) mining ahead of the halving. According to an official announcement on Feb. 20, Riot has “opted to […]
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Canaan, the world’s second-largest Bitcoin mining hardware manufacturer, and blockchain infrastructure firm Northern Data AG have signed a strategic partnership. Two major players in the global blockchain industry have signed a strategic partnership to pool together their technological and operational achievements. According to a Feb. 19 press release, Canaan Creative, the world’s second-largest Bitcoin (BTC) […]
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The first major bitcoin miner to go public on the US stock market rebounded slightly after a drop in the fourth quarter. After steadily depreciating well into the last quarter of 2019, Canaan certainly rebounded slightly today. The company was the first example of a large Bitcoin miner to go public on Nasdaq. However, after […]
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Ripple, the firm behind the third largest altcoin XRP, made a new partnership to bolster cross-border payments between the U.S. and Mexico. Ripple, the firm behind the third largest cryptocurrency XRP, has made a new partnership to bolster cross-border payments between the United States and Mexico. The company has partnered with International Money Express, a […]
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New data shows diversification between Bitcoin and traditional assets provides better risk-adjusted performance for investors. Bitcoin (BTC) was the best performing asset of the decade according to a recent report by Cointelegraph and earlier this week Morgan Creek Capital CEO, Mark Yusko, said that every investment portfolio should have a minimum 1% Bitcoin allocation. Yusko […]
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There were signs in 2019 that large institutions are moving closer to embracing cryptocurrency and blockchain technologies. Slowly but surely, institutional players are moving into the crypto/blockchain neighborhood. According to a 2019 Fidelity Investments survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the […]
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A different view of cryptocurrencies post-crisis? ‘‘It was quite profound to see Bitcoin acting as a clear safe haven.” For one week, the Iran–United States military crisis gripped the crypto community. It began on Jan. 3 with a U.S. drone strike on a convoy traveling near Baghdad International Airport, killing Iranian major general Qasem Soleimani […]
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