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Crypto Networks Stress Tested During Bitcoin’s Wild Week
14.3.2020
Crypto valuations haven’t been the only casualties of this week’s market crash; crypto networks have also felt the strain. As onchain activity has ramped up in response to the market slump, fees have soared and the mempool filled on the BTC and ETH chains. Other crypto networks have...
Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide
14.3.2020
Digital currency markets have been consolidating since Thursday’s massive price drop after more than $90 billion was erased from the cryptoconomy. Crypto markets saw some brief gains on Friday but prices have been meandering just above current support levels. At the moment, traders and crypto...
How to Track, Get and Set the Best Transaction Fees with Bitcoin and Bitcoin Cash
14.3.2020
Once set up with a bitcoin or bitcoin cash wallet and some coins, using and sending them is pretty easy. Part of this process involves paying a transaction fee, which is a small amount of coin included in a transaction incentivizing miners to work the tx into a block. Both BTC and BCH transactions...
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
Exclusive: 10 Crypto Minds Weigh in On Post-Crash Bitcoin and Its Future
13.3.2020
As investors are looking for safety in cash, can bitcoin (BTC) become more attractive than cash? How low might BTC go and how long will this downturn last? What to watch for before making an investment decision in the nearest future? What can we expect from institutional investors and what are...
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
13.3.2020
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group...
Bitcoin News Roundup for March 13, 2020
13.3.2020
What the heck just happened? We make sense of last night on CoinDesk's Markets Daily Podcast
Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom
13.3.2020
Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst...
Post-crash Hopium: Bitcoin Bulls Look for Light in the Dark Tunnel
13.3.2020
Source: iStock/da-kuk
Things are not as grim as they seem, find many hardcore Bitcoiners. Sure, the situation is bad currently, but it's just a period that has its end, at that end await more investors, and the entire situation should be used to buy more bitcoin (BTC), they say.
Good for gold...
An Interim Post-Mortem: Worst Days, Liquidations, and BitMEX in Spotlight
13.3.2020
After falling by a historic 40% before recovering slightly yesterday, bitcoin (BTC) is today recouping some of its heavy losses, posting double-digit gains in the early hours of Friday trading.
Today’s rebound comes after the number one digital asset once again saw heavy selling around midnight...
Disney World Economics: How Coronavirus Could Be Used to Justify a Global Financial Reset
13.3.2020
‘What in the world is going on’ has now become a question of real pertinence, instead of just a cliché for common bewilderment. As COVID-19 panic grips the world, ripple effects are crashing markets and effectively canceling economies across the globe, scrawling the writing on...
Bitcoin and Altcoins Attempt to Recover After Significant Crash
13.3.2020
The past 3-4 sessions saw a significant drop in bitcoin price from well above USD 8,000 to well below USD 5,000. BTC/USD lost more than 50% and even tested the USD 4,000 area. The price is currently (09:00 UTC) recovering above USD 5,000, but there are many resistances waiting on...
50 Companies Back New Cryptocurrency Project Competing With Facebook’s Libra
13.3.2020
Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and cryptocurrency. Over 50 major companies have pledged their support, each pursuing a diverse set of use cases. The project claims that the combined reach of all members exceeds...
Darknet Markets Keep Shipping as Shoppers Shun the Streets
13.3.2020
These are strange times for crypto. While it’s blood in the markets, it’s business as usual on the darknet, where marketplaces are seeing a steady inflow of cryptocurrency. They’re also seeing an inflow of new users as the repercussions of the coronavirus pandemic make online...
Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout
13.3.2020
Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal...
Crypto Exchanges Overwhelmed on Bitcoin’s Most Volatile Day of the Year
12.3.2020
Binance chief Changpeng Zhao referred to it as “Bloodbath day,” and many in the cryptosphere will echo those sentiments, as fallout from the COVID-19 pandemic reverberates through global markets. As crypto exchanges were thronged by frantic traders looking to capitalize on –...
Bitcoin News Roundup for March 12, 2020
12.3.2020
Coronavirus is changing fintech as we know it while Magic Leap crashes. This is CoinDesk's Markets Daily Podcast
Pre-crash Data: Number of Addresses with 1 Bitcoin Hit All-Time High
12.3.2020
The Cryptoverse had welcomed another all-time high - that of, let's call them, wholecoinddresses (addresses with at least 1 bitcoin).
The number of investors holding 1 Bitcoin (BTC) or more, known as wholecoiners, seems to be on the rise recently. Though we can't be sure how many investors...
Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B
12.3.2020
Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged...
PlusToken Scam Still Has BTC 61,229 Undistributed - Report
12.3.2020
The PlusToken scam project might still have undistributed BTC 61,229 (USD 369 million) that might affect the market, according to investigative firm OXT Research.
The widely talked about USD 2.9 billion PlusToken Ponzi scheme pops up on media and research company's radars ever so often...