Monthly Archives: March 2020

Bitcoin was Designed for a Financial Crisis — So far it’s Working well

Bitcoin investors were mortified by last week’s 50% crash but it’s important to remember that Bitcoin was specifically designed for a global crisis. If you’ve been in Bitcoin (BTC) long enough most likely its Genesis Block has been mentioned quite a few times. If not, the image below should be self explanatory. Bitcoin Genesis Block RAW data. Source: UnB It doesn’t really matter if people consider Bitcoin as a store of value competing with gold and real estate, medium of exchange for uncensored transactions, or a potential […]

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Mt. Gox Whistleblower Alleges Shadow-Ban on Twitter for Coronavirus Analysis

Crypto advocate Ryan Selkis believes he and his company were shadow-banned by Twitter for company’s COVID-19 coverage. Ryan Selkis, the CEO of crypto market analysis software firm, Messari, and long-time cryptocurrency commentator, has reportedly been shadow-banned on Twitter for his coverage of the coronavirus pandemic. Messari runs a tracking service that provides updates on the number of coronavirus cases globally, including state/provincial data for several countries. Ryan Selkis and Messari Appear to Stoke Twitter’s Ire Selkis posted to Messari’s website on March 20 announcing that both his […]

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Flight to Quality: Investors Seek Shelter in US Dollars & Bitcoin

Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. In times of economic turmoil, investors shed riskier assets and acquire less volatile ones. This is known as “flight to quality.” This happened in 2008 when the global demand for U.S. government bonds resulted in negative interest rates, and may be happening now with Bitcoin. Bitcoin closed at $4,970.79 on March […]

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Can’t Lock Down Bitcoin: Trump Ponders Halting Stock Trading, Grounding US Passenger Flights

In the wake of the coronavirus outbreak and a looming recession, U.S. President Donald Trump and his administration are contemplating halting stock markets next week. The White House is currently considering grounding all passenger planes and ordering a nationwide shelter. However, bureaucrats from the White House believe that the grounding of U.S. passenger planes and the execution of a federal lockdown order will wreak havoc on Wall Street. In order to curb panic, bipartisan U.S. representatives are considering plans to temporarily stop stock trading. Also read: US […]

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Payment Provider NetCents Readies Cryptocurrency Credit Card for Launch

CAN crypto payment provider is undertaking final testing before the launch of its cryptocurrency credit card. Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card for launch. Not like other crypto credit cards The NetCents credit card promises users will not have to pre-load cryptocurrency onto their cards, differing from otherwise-similar products already on the market. Cards […]

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Chinese Censorship, Falling Prices, Illegal Mining & More: Bad Crypto News of the Week

Check out this week’s Bad Crypto News. The Bitcoin Clock ticks on—less than 52 days now before the next halving—and let’s hope that Bitcoin still has value when that happens. Trader Peter Brandt isn’t optimistic. He sees Bitcoin in a race with gold to hit $1,000. Then again, in January, he thought BTC wouldn’t reach $6,000. And there has been something of a rebound. After diving to $3,700, Bitcoin did climb back, along with stocks, in response to the government’s coronavirus response package. Tim Draper believes that […]

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Fundstrat & eToro Analysts Predict Coronavirus Crisis May Strengthen Bitcoin

Fundstrat and eToro market analysts look to the halving and beyond as the coronavirus crisis worsens. What has been driving recent Bitcoin price action? Or perhaps more importantly, who? And why does it matter?  Lead Digital Strategist at Fundstrat David Grider and Platinum Account Manager at eToro Simon Peters break down Bitcoin’s next move, how the coronavirus and financial crisis may impact the halving, and how Bitcoin’s fundamentals will affect its long-term prospects. Who Is Behind Bitcoin Price Movements? Bitcoin has experienced an incredible amount of volatility […]

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US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows

As the coronavirus outbreak ravages the global economy, a number of industries are taking a bit longer to feel the brunt of the financial hardship. As individuals watch the value of their investments fall, economists believe the U.S. housing market will crash to 29-year lows amidst a looming global recession. Lendingtree’s chief economist Tendayi Kapfidze is one of those analysts who believe the U.S. might see a complete “shutdown in the housing market.” Kapfidze warns that Covid-19 fears will leave a “drastic impact” throughout the entire real […]

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Interpol Enlists Korean Startup to Track Crypto on the Dark Web

Interpol partners with a South Korean startup that specializes in examining crypto flows on the dark web to help fight darknet cybercrime. The International Criminal Police Organisation (Interpol) has announced a partnership with South Korean data intelligence startup, S2W Lab, to analyze dark web activity, including cryptocurrency transactions. The startup announced the partnership on March 20 — with S2W Labs signing a one year contract with Interpol. Interpol sets its sights on the dark web S2W Lab claims to have “captured a massive amount of Dark Web […]

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SEC Seeks Early Judgement in Lawsuit Over Kik’s $100M ICO

SEC seeks an early victory in lawsuit against Canadian messenger firm Kik for $100 million ICO in 2017. The United States Securities and Exchange Commission (SEC) has requested an early summary judgment in its lawsuit against Kik over the messaging company’s $100 million KIN initial coin offering (ICO) during 2017. The SEC first brought its case against Kik in June 2019. The commission argued that the company’s ICO comprised a clear issuance of securities. While Kik has sought to claim that KIN comprises a currency and not […]

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