Cryptocurrency Analysis and News Portal
Arcane Research has taken to Twitter to reveal that more and more Argentines are now buying bitcoin (BTC) as the country is about defaulting on its $65 billion foreign debt, a situation that would worsen the current economic crisis in the nation. The weekly volume of bitcoin purchased with the
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Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors. The company now has $2.2 billion in assets under management.Also
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Recent reporting by Cointelegraph shows that Bitcoin (BTC) spending has retraced since March 9 amid the worsening coronavirus pandemic. Data from blockchain analytics firm Chainalysis also shows that even the amount of Bitcoin spent on illicit activities through darknet marketplaces is down from pre-coronavirus levels.Despite the reduction in transactions,
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Sharing is caring!by John Henry Clippinger, It takes a blunt existential crisis to redress systemic societal and economic failings. We are at such a moment with the epic storm of global health and economic crisis compounded by inept and regressive leadership. These failures will not be redressed by traditional means. These challenges
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More and more traders would dump their altcoin investments to seek shelter in bitcoin amidst a deepening financial crisis, according to Qiao Wang, head of product at Messari.The New York-based angel investor said Wednesday that he expects bitcoin’s dominance to rise above 90 percent by the end of the ongoing
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Philip Salter, head of operations at Genesis Mining, believes that economic meltdown may lead to a growing value for Bitcoin as a hedge against the banks.In the last couple of weeks, there has been a lot of turmoil in the Bitcoin world. There was a rapid decline in hashrate,
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While the stock markets across the world are recording historic declines, the situation is not much different in the crypto world, which would explain why Bitcoin has been dropping as of late. On Thursday, the world’s biggest cryptocurrency by market cap plunged at an alarming rate. Panic Selling The coronavirus pandemic has
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With assets from oil barrels to bitcoin being pulverized by the coronavirus slowdown, people worldwide are reevaluating their plans for crypto gatherings, especially in geographies where anti-COVID-19 measures are increasingly serious. In Milan, Italy, which was officially placed in lockdown by the Italian government on Sunday, bitcoin entrepreneur and meetup organizer
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As the current financial crisis rocking Lebanon continues to intensify, Lebanese citizens are increasingly looking to bitcoin to escape the country’s crippling economic situation. Lebanon joins the list of countries whose citizens have turned to the top cryptocurrency to counter the financial crisis. Bitcoin Gives ‘Financial Freedom’ Lebanon’s financial situation has continued
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Market participants continued to keep a close eye on the coronavirus epidemic and the presidential election campaign. In addition, there are five key economic indicators that can determine the fate of the stock market this week. Except for durable goods orders, the other four indicators are likely to push
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