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Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare
19.3.2020
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro...
Bitcoin News Roundup for March 19, 2020
19.3.2020
Chewie, we're home. The markets correct as dollars flash red. Plus, a COVID-19 song. This is CoinDesk's Markets Daily podcast
Bitcoin Difficulty Set for 13% Drop as Hash Rate Following BTC Price
19.3.2020
Bitcoin’s difficulty and hash rate are beginning to suffer from its price declines, data warns
Bitcoin in Zimbabwe – Part 1 of a New Documentary Podcast Series
19.3.2020
After three weeks of listening, recording and talking bitcoin in Africa, podcaster Anita Posch shares her experiences in part one of this new six-part documentary podcast series
Bitcoin (BTC) Gains Intraday Momentum; Spikes Above $5.5k
19.3.2020
Bitcoin, at the time of writing this article, was trading above $5,500 after five days of sluggish pullback The intraday bullish crossover ramped up the market as the price trend of BTC formed consecutive higher high at $5,686.94, until the time of writing Today, the coin has spiked from the utter...
Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency
19.3.2020
While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting...
Bitcoin Rallies as Fiat Currencies Drop Against the U.S. Dollar
19.3.2020
After a major market crash last week, bitcoin (BTC), the most popular cryptocurrency, at least today is somewhat showing its power as a hedge against risks inherent in fiat currencies and the broader financial system.
Trading up 12% over the past 24 hours as of press time (USD 5,772 at 12:41...
Bitcoin Oversupply Issue Over & Prices Now Stable, Says Chainalysis
19.3.2020
Blockchain and analytics specialist Chainalysis says that although bitcoin (BTC) inflow volumes to exchanges are still high, it looks as though prices have attained some degree of temporary stability.
In a recent report on the state of the BTC market, analyst Philip Gradwell wrote,
“The majority...
Bitcoin Sees 9% Gain as Turmoil Hits the Forex Markets
19.3.2020
Bitcoin is gaining amid a selloff in most fiat currencies and could rise further if the U.S. stock markets track European equities higher
Relief to Bitcoin Miners as Difficulty Set For Largest Drop in Five Months
19.3.2020
Bitcoin (BTC) mining difficulty is now estimated to drop in six days, offering relief to miners, squeezed by the market crash and the current record-high mining difficulty.
The next adjustment will see the difficulty, a measure that shows how hard it is to compete for mining rewards, go down...
Bitcoin Price Surges 10% to $5.6K as Stocks React to €750B EU Stimulus
19.3.2020
Suddenly, Bitcoin races to a six-day high despite warnings of fresh losses as it circled $5,000
12 Platforms Allowing You to Trade Gift Cards With Cryptocurrencies
19.3.2020
In an emergency situation like the current coronavirus pandemic, anything can turn into currency as the fiat system may experience cash shortages and devaluation. Cryptocurrency users have options to trade bitcoin beyond traditional money. A number of platforms will let you exchange...
CME Bitcoin Options Volume Hits Record Low, While Bakkt Goes Weeks With No Trades
19.3.2020
Demand for bitcoin options on regulated U.S. derivatives exchanges has dried up even as price volatility reaches record highs
Bitcoin and Altcoins Testing Bullish Break
19.3.2020
Yesterday, we saw a downside correction in bitcoin price below USD 5,300. However, BTC/USD remained well supported above the USD 5,000 and USD 5,050 support levels. It is currently (08:30 UTC) rising steadily and likely attempt an upside break above USD 5,550.
Similarly, most major altcoins...
You Can Now Trade CS:GO Game Items Safely for BCH Through Blind Escrow on Bitcoin.com Local
19.3.2020
Are you looking for a cool way to earn bitcoin cash privately instead of buying it directly? You can now connect your Steam account to the peer-to-peer marketplace Bitcoin.com Local and trade CS:GO game items for BCH via blind escrow. This is a great improvement for players who were previously...
Banking Shut Down Drives Crypto Adoption Among Venezuelans
19.3.2020
Venezuela is one of several South American nations to see growing P2P crypto amid strict coronavirus quarantining measures
Chainalysis Says Bitcoin Price Stable for now, but Future Uncertain
19.3.2020
With the price of Bitcoin falling to $3,000s last week, Chainalysis looks at what happened and predicts future market trends
Bitcoin Price Stable as COVID-19 Pandemic Drops Stocks to 2017 Levels
19.3.2020
Bitcoin is holding the $5,050 to $5,400 range, prompting traders to wonder if the crypto will function as a hedge against the volatility currently rocking traditional markets
Congress Proposal to Give Everyone $2000/mo 'Strengthens Case for Bitcoin'
19.3.2020
The Chair of the House Banking Committee has proposed giving free money to all Americans during the COVID-19 crisis. Critics say the move would create ‘massive inflation’
Darknet Vendors Work Overtime as Police Halt Drug Arrests
19.3.2020
The coronavirus is having a strange effect on the war on drugs. Narcotics activities that were deemed serious crimes only a week ago have been dropped by U.S. law enforcement, who have greater concerns now that cities are under effective lockdown. Meanwhile, darknet vendors are doing their best...