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 […]
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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. […]
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Singapore-based Delta Exchange is launching futures contracts on BTC/USDT amidst fears of a global recession. Singapore-based Delta Exchange has announced the launch of Bitcoin (BTC)/Tether (USDT) futures contracts, allowing users to trade BTC futures with USDT collateral, starting on April 14 at 9:00 a.m. EDT. According to the company, the industry has seen surging demand […]
Continue ReadingThe global coronavirus pandemic has revealed the necessity of decentralization to avoid the world becoming a true dystopian nightmare. As much as I believe that blockchain technology has the potential to solve many of the problems humanity faces today, I also fear what can happen if blockchain technology is used to take away the privacy […]
Continue ReadingCheck out this week’s Bad Crypto News. Bitcoin is still floating comfortably around $7,000 after a week in which it’s risen more than ten percent. Over at Bitcoin.com, the news is not so good. Candor, a site that lists jobs lost to the coronavirus, has reported that Roger Ver is planning to lay off half […]
Continue ReadingIn its latest documentary, Cointelegraph reached out to crypto industry leaders to find out how the COVID-19 pandemic has affected their businesses and the industry as a whole. In its latest documentary, Cointelegraph reached out to crypto industry leaders all around the world to find out how the COVID-19 pandemic has affected their businesses. While […]
Continue ReadingAs the pandemic challenges the global economy and forces people to abandon cash, a CBDC might be the right tool to fix the financial system. The COVID-19 pandemic is pushing the global economy toward a major recession, but there may be a silver lining in all this for the crypto industry: The accelerated adoption of […]
Continue ReadingThe Texas securities regulator has taken emergency action against a cloud mining firm touting unverified charitable donations. The Texas State Securities Board (TSSB) has taken emergency action against cloud mining firm Ultra BTC Mining for issuing unregistered securities. The emergency cease-and-desist order was jointly filed against Ultra Mining by the TSSB and the Alabama Securities […]
Continue ReadingBitcoin looks to be exploring its own price path, AAX crypto exchange CEO Thor Chan explained. Bitcoin’s price initially dumped alongside the mainstream markets, but now looks to be exploring its own route. “When the stock markets crashed, Bitcoin crashed,” AAX crypto exchange CEO Thor Chan told Cointelegraph. “It appeared that they were correlated,” he […]
Continue ReadingThe current $7,000+ price performance is getting a highly suspicious reception from traders, as markets see yet more bailouts. Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars. Cryptocurrency market daily overview. Source: Coin360 Fed rolls out trillions in loans Data […]
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