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Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History
27.3.2020
Bitcoin’s hashrate has plummeted 45% since the record-breaking levels it saw on Feb. 29. The hashrate touched an all-time high of 136 exahash per second (EH/s) but has since dropped to 75 EH/s. Moreover, the crypto network has seen the second-largest difficulty drop since October 2011. Also...
‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal
27.3.2020
While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning...
Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer
26.3.2020
Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary...
4 Virtual Crypto Conferences You Can Attend From Home
26.3.2020
The crypto industry has had to quickly adapt to the escalating coronavirus pandemic, with major conferences postponed, canceled or hastily reformatted for the virtual realm. Due to its disproportionately high number of remote workers, though, the industry is more geared up for this new paradigm...
Bitcoin News Roundup for March 26, 2020
26.3.2020
Bitcoin struggles at $6.5K while HODLers prepare for death. It's CoinDesk's Markets Daily podcast
‘What Bitcoin Did’ – Scanning the Hottest Cryptocurrency Keywords and Google Searches
26.3.2020
For years now the term “bitcoin” has managed to capture a tight relationship with specific trends and keywords online. News.Bitcoin.com decided to investigate the specific keywords, questions, comparisons, and prepositions that are often associated with the digital currency when people...
Japanese Investors Taking Advantage Of Bitcoin Sell-Off - Exchange
26.3.2020
Despite what some may have thought, it appears that the latest sell-off in bitcoin has not scared away retail investors quite yet, new data from one Japanese crypto exchange suggests.
According to a blog post by Yuya Hasegawa, market analyst at the Japanese crypto exchange bitbank, the number...
Coinbase Grants App Users Direct Access to Crypto Lending Platforms
26.3.2020
Major crypto exchange Coinbase has announced that it will allow users to lend out their crypto and gain interest from loans using decentralized finance (DeFi) apps via its Coinbase Wallet app.
The development comes as the crypto lending industry continues on a path of dynamic growth, with rapidly...
Bitcoin Mining Difficulty Sees Historic Drop, Even Larger Might Be Coming
26.3.2020
After the second-largest Bitcoin (BTC) mining difficulty drop, the next one might be even bigger and provide even stronger relief to miners.
As predicted, Bitcoin mining difficulty (a measure telling us how hard it is to compete for mining rewards) has just dropped - but instead of 5.8% estimated...
Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?
26.3.2020
Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in...
Bitcoin and Altcoins Consolidating Below Key Hurdles
26.3.2020
Recently, bitcoin price made another attempt to gain momentum above the USD 6,800 and USD 6,850 resistance levels. However, BTC/USD failed to continue higher and it is currently (08:30 UTC) correcting gains. If there is a downside break below USD 6,500, the price could start an extended downside...
Here’s How to Order Food From Your Home Using Cryptocurrency
26.3.2020
Staying home during the coronavirus epidemic reduces the risk of getting infected with the deadly covid-19. The disease, which has already claimed the lives of over 20,000 people globally, spreads through human contact. Food is one of the few basic necessities that can regularly get you out of your...
China Is Drafting Laws for the Circulation of National Digital Currency
26.3.2020
Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what...
How to Quickly Cash Out From Crypto to Fiat
26.3.2020
There are many reasons why you might seek to liquidate your digital assets into fiat currency, be it to pay a bill, buy a meal, or cover an emergency. When needs must, speed is of the essence; no one has time to wait three days for a bank wire to clear. For those occasions when […]
The post...
Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash
25.3.2020
On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a newly written rehabilitation plan for claimants looking to access some of the funds they lost in 2013. According to the new plan, Mt Gox claimants will get BTC and BCH assets alongside the possibility...
$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American
25.3.2020
On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest...
European Crypto Exchange BitBay Says Business Is Booming in March
25.3.2020
Source: a screenshot, Instagram/bitbay
Central and Eastern Europe-focused cryptocurrency exchange BitBay says that bitcoin (BTC) trading volumes have hit record levels in the past two weeks.
In the past fortnight, the platform’s volume of the BTC-Polish złoty (PLN) pair hit a peak of BTC 11,233...
Bitcoin News Roundup for March 25, 2020
25.3.2020
In this episode of CoinDesk's Markets Daily crypto investment goes up while BTC price bumps up against $7K
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
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...
Gold Faces a Very Physical Problem; Bitcoin To the Rescue!
25.3.2020
Bitcoin's competitor, gold, found itself in a peculiar situation due to the current pandemic: it's getting increasingly difficult for it to move. Fears of stranded bullion led to London spot gold prices dropping far below U.S. gold futures.
“There’s plenty of gold [...] But it’s immobilized,”...