Systemic 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 ReadingMany people who are tired of everyday problems prefer to spend time in a virtual world where you can make or buy anything. Why is virtual land becoming more popular, and where can you buy it? A couple of months ago, the crypto community was surprised by the news that users of the Decentraland virtual […]
Continue ReadingFollowing last week’s sharp market correction, crypto hedge fund Adaptive Capital announces its closure. Adaptive Capital, a crypto hedge fund, has announced that it will shutter all operations after taking heavy losses during the March 13 crypto market meltdown which saw Bitcoin (BTC) price drop to a 2020 low at $3,775. The fund has now […]
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 ReadingBitcoin sees $7,150 for a fleeting moment before climbing down to the mid-$6,000s, but traditional markets remain in deep trouble. Bitcoin (BTC) was gearing up to crack $7,000 on March 20 as the cryptocurrency’s miraculous turnaround produced almost 90% weekly gains. Cryptocurrency market daily overview. Source: Coin360 Data from Coin360 and Cointelegraph Markets showed BTC/USD […]
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 ReadingThe former Bakkt CEO and current Republican senator Kelly Loeffler has been criticized for dumping stock immediately after a private Senate hearing on coronavirus. Kelly Loeffler, the former CEO of Intercontinental Exchange subsidiary Bakkt and current Republican senator from Georgia, reportedly sold millions in stock within days of a Senate Health Committee hearing on the […]
Continue ReadingTSG announced Q3 2019 had been particularly good to them, with investors like Square Enix giving $2.01 million to the blockchain-based game. After recently announcing a third presale of their coveted game’s virtual spaces, The Sandbox (TSB) revealed they have quite a number of big-name backers. According to a March 20 press release by Animoca […]
Continue ReadingTether has just gone live as a Standard Ledger Protocol token on the Bitcoin Cash network. The world’s biggest stablecoin has launched on the Bitcoin Cash network. Tether (USDT) has seen a surge of interest in recent weeks due to the global flight to safe havens and now has a market cap greater than $5.7 […]
Continue ReadingBanco Sella is now allowing their customers to buy, sell and store Bitcoin without interacting with exchanges. Growing crypto adoption and the COVID-19 outbreak has encouraged Italy’s Banco Sella to launch a Bitcoin trading service The trading is conducted via the bank’s Hype platform, with the bank acting as an intermediary to mitigate against potential […]
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