Monthly Archives: March 2020

Hash Rate and Bitcoin Price During Mining Events: Are They Related?

Data shows Bitcoin mining-related events produce conflicting short-term price action but long-term gains. On Saturday Bitcoin (BTC) price dropped below $9,000 again, increasing the uncertainty surrounding future price estimates and reminding investors that the Coronavirus continues to impact markets across the world. Cryptocurrency market daily performance. Source: Coin360 Interestingly, Bitcoin’s hash rate reached an all-time high on March 5 – 157 quintillion hashes per second – according to the available data from Coin Dance. This increase has been the pattern since the start of this year. Hash […]

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Cryptocurrency News From Japan: March 1-7 in Review

Japanese government agencies held a crypto meeting, Coincheck added Qtum, and more headlined news from Japan this past week. This week’s headlines from Japan include crypto exchange Zaif reopening account registrations, government agencies meeting on crypto, the Federation of Economic Affairs submitting a national Blockchain proposal, Coincheck adding Qtum, and Rakuten Wallet opening leverage trading account registration. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Zaif crypto exchange reopens account registration after hack Japanese crypto exchange Zaif opened its doors […]

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IOTA Founder Confirms He Will Repay Victims of $1.97 Million Hack

Cointelegraph spoke with Iota’s founder David Sønstebø on his decision to repay $1.97 million in MIOTA to the victims of the recent hack. On Feb. 12 Iota (MIOTA) suffered an attack targeting its official desktop wallet. The Iota network went offline on the same day, and has remained down since. On March 6, David Sønstebø, the founder of Iota, revealed that he will personally fully repay all 46 victims of last month’s Iota hack to the tune of 8.52 million MIOTA — worth roughly $1.97 million at […]

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Viral Tech: London Blockchain Week Spreads Into Day Two Despite Coronavirus Scare

Coronavirus anxiety continues to overshadow second day of London Blockchain Week. The second day of Fintech Worldwide’s Blockchain Summit kicked off to unusually glorious sunshine. But you’d be hard pressed to notice that in the venue because there was no natural light filtering through to the handful of attendees that braved the ongoing coronavirus scare. Despite COVID-19’s spectre looming large over the conference, panelists spoke about an impressive range of topics, including how Blockchain can help local women in the Maasai Mara, to the day’s debate on […]

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Bitcoin Slips Under $9K but Don’t Panic Until This Price Level Breaks

Bitcoin price has dropped below the $9,000 mark once again but is yet to make a lower low to the hopes of the bulls who must now defend a key level. In the past few hours, Bitcoin (BTC) price dropped 3.85%, losing $9,000 and pulling back to $8,835. The abrupt downside move occurred after Bitcoin price rallied to $9,188, slightly above the $9,150 target many traders had suggested the asset would reach before attempting a more decisive move toward $9,300. Crypto market daily price chart. Source: Coin360 […]

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The bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes haven’t been this low since 2017. Additionally, alternative P2P trading platforms like Paxful are being criticized for their restrictions against certain countries. Also read: Traders Bemoan New Localbitcoins Identity Requirements The Aftermath of […]

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Coronavirus Plagues US Crypto Conferences

Bitcoin 2020, DC Blockchain Summit 2020, and other crypto conferences reschedule due to the coronavirus outbreak. There has been a rapid escalation of the COVID-19 coronavirus outbreak worldwide. Two major crypto conferences in the US have been affected by the epidemic so far. “Bitcoin 2020”, originally scheduled for March 27 and 28 in San Francisco, has moved to Q3 of 2020. The Chamber of Digital Commerce also postponed next week’s “DC Blockchain Summit 2020” conference. The rescheduled dates are not yet confirmed, according to the announcements on […]

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ICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M

A California judge has ruled startup ICOBox must pay $16 million after the firm failed to acknowledge initial legal action from the SEC. The U.S. Securities and Exchange Commission, or SEC, has ordered that ICO broker ICOBox must pay $16 million after the startup failed to act on previous legal action from the commission. U.S. District Judge Dale Fischer of California sided with the SEC in a default judgement, after the alleged unregistered broker failed to respond to the commission’s lawsuit against the startup from September 2019, […]

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South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards

South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Also read: Bitcoin Legal in India – Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency South Korea Will Now Regulate Cryptocurrency The South Korean National Assembly unanimously passed the amendment to the Act […]

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‘Bitcoin Coronavirus’ Search Traffic Overtakes ‘Bitcoin Halving’

European searches have driven ‘Bitcoin coronavirus’ to overtake queries for ‘Bitcoin halving’ on Google Trends. Curiously, the search term “bitcoin coronavirus” has overtaken “bitcoin halving” on Google Trends. The odd search term is seeing the most traffic from Europe. Research indicates that Austria, Switzerland, and Ireland comprise the three jurisdictions that produce the most searches for “bitcoin coronavirus.” 12-Month Search Trends for “Bitcoin halving” and “Bitcoin coronavirus”: Google Singapore, Germany, Australia, and Canada are also producing significant traffic for the keyword, while the United States ranks 13th. […]

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