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Amid Pandemic Downturn, Crypto Lender Celsius Hits 50K in Bitcoin Deposits
1.5.2020
With over 100,000 active users of its app, the company’s growth is now on track to outperform 2019 by 60%
Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations
24.4.2020
Since the start of the coronavirus outbreak, the U.S. Federal Reserve has created trillions of dollars in order to keep the central bank’s private partners’ liquidity strong during the economic downturn. These moves have caused a number of sound money advocates and economists to explain...
IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion
16.4.2020
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...
Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years
15.4.2020
The IMF’s prediction of deepening economic recession appears to bode poorly for Bitcoin amid record correlation with the S&P 500
Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs
31.3.2020
While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market...
Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them
27.3.2020
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...
Users See ‘Buying Opportunity’ in Coronavirus Market Downturn, Says Crypto.com
25.3.2020
Retail interest in cryptocurrencies is growing as COVID-19 shakes markets and central banks take drastic steps to steady the global economy, the firm says
Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
23.3.2020
Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What...
China’s Changing Perception of Bitcoin: Bitkan CEO Shares Insights After 7 Years in Crypto Industry
20.3.2020
Since the advent of bitcoin in 2009, cryptocurrencies have gone from being a niche topic for tech nerds to ubiquitously recognized — if not always understood — staples of modern finance. Bitkan CEO Liu Yang recently took some time out to give news.Bitcoin.com a peek into the Chinese...
How Long Will the Market Downturn Last?
20.3.2020
When will normality return? How long till global markets recover and bitcoin resumes the bull run it was teasing at before the coronavirus materialized? These are questions that all investors are pondering as the epidemic wreaks havok on gold, oil, stocks and – up until March 19 –...
Celsius Network Is Profitable and Resisting Market Downturn, Claims CEO
18.3.2020
Celsius Network founder and CEO Alex Mashinsky noted the Celsius Network’s profitably and resilience amid shaky global markets
Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc
16.3.2020
Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens...
Circle’s USD Coin Sees Major Growth After Market Downturn
15.3.2020
USDC seems to be the only stablecoin to stabilized on a significantly higher market cap after the recent Bitcoin price downturn
Amid Market Downturn, Number of People Owning 1 BTC Hits New Record
12.3.2020
Amid the ongoing market bloodpath, the number of people hodling one Bitcoin or more hits another historic record
Will Stellar (XLM) Continue the Bearish Downturn for the Short-term?
27.12.2019
Stellar price was one of the few coins which had withstood the bear pressure with great gusto. The 3-month price trend shows the price starting below the baseline, but after a few days, the coin picked up steadfastly. However, the bears got the better of the coin near the end of the 3-month and...
Bitcoin Cash Takes a Subtle Downturn From $310 and Trades Around $287
12.11.2019
Bitcoin Cash breaches the newest high at $310 and currently trades at $287.48 Within the past 12 days, BCH had a trading price range of $269–$310 Along with the price, the market cap of BCH also had a notable downturn, when it slid below $310 Bitcoin Cash (BCH), unlike Bitcoin, is showing...
McKinsey: Majority of Banks May Not Be Economically Viable
25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....
Cardano Trend Takes a Slipping Downturn
21.10.2019
Cardano (ADA) opened with a moderate hike today. Gradually, the price started slipping towards, the immediate support level. If we look at the weekly movement, the price has been marking loss. At the beginning of the week, the coin was trading at $0.045 and today it has plunged to $0.0387. The fall...
Bitcoin Is 2019’s Best-Performing Asset, Even After Recent Price Downturn
5.10.2019
Despite a recent pullback, bitcoin’s price has more than doubled in 2019, dwarfing investors' year-to-date returns from stocks, bonds or commodities
Cosmos Takes a Steep Downturn; Trades Around $3.0
19.9.2019
ATOM exhibits a strong bearish movement when looked closely and compared with the price over the past 5 days. Cosmos was trading at $3.21 as on September 14, 2019, and post the said date, the coin has shown a healthy growth and even continued with the same. The highest trading price of the said...