The current global crisis is good for crypto as it shows the dysfunctionality of the existing system, according to Marcus Swanepoel, co-founder and CEO of crypto exchange Luno. However, in case of a global recession, this nascent industry might be hit hard too, he warned. Crypto was born out of a Read more…
Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than USD 10,000 in mid-February to briefly below USD 4,000 on March 13. Despite recovering to the mid-USD 6,000s at the time of Read more…
There is a general consensus that the global economy is heading for a sharp recession. The economic output will contract, but there are, at least, certain innovations that can be implemented to mitigate the situation. Central banks have already slashed interest rates and begun quantitative easing in the US, the UK, Read more…
Bitcoin and cryptocurrency investors have cheered U.S. plans to create a so-called digital dollar as part of a massive coronavirus-induced stimulus bill. The bitcoin price has climbed some 15% over the last 24-hour trading period, nudging $7,000 per bitcoin, and sending the wider cryptocurrency market sharply higher. The bitcoin price had already Read more…
The Public Health Blockchain Consortium (PHBC) announced on Thursday the release of VirusBlockchain.com, a new blockchain that it says will track communities that remain free of high-risk viruses and diseases like COVID-19, bacteria, and fungi. According to its website, “PHBC is a consortium of health authorities, universities, health care providers and innovators who Read more…
Bitcoin believers waited for a global economic crisis for years, hoping it would prompt investors to inject hundreds of billions of dollars into the cryptocurrency’s small, illiquid market. But the narrative failed big time as bitcoin came face to face with a real market-crisis-in-making, led by the Coronavirus pandemic. The bitcoin-to-dollar Read more…
25 Things That Are (and Are Not!) Affected by the Virus As the coronavirus continues to spread across the globe large gatherings and events have been cancelled as each country grapples with how to contain the virus. The crypto community has been hit hard in certain ways unique to its Read more…
Coronavirus disease Coronavirus disease 2019 (COVID-19) is an infectious disease caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The disease has spread globally since 2019, resulting in the 2019–20 coronavirus pandemic. Common symptoms include fever, cough and shortness of breath. Muscle pain, sputum production and sore throat are Read more…
Just like the traditional stock markets, there’s a similar bloodbath happening in the cryptocurrency market as well. Thursday, March 12, turned out to be the worst day for the crypto markets in 2020. In a massive Bitcoin dumping event, the BTC price came all the way down crashing nearly 48% and moving Read more…
With the coronavirus epidemic now reaching New York, many banks are evacuating their staff. While Wall Street could struggle in the upcoming months as a result, Bitcoin trading platforms are unlikely to be affected. Wall Street, London Banks Are Moving Staff Yesterday, the US stock markets temporarily shut down after Read more…