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400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020


San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s...

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them


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...

World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic


The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate


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...

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